About meTrendmaster is a group of Traders, Analysts, and Investors with a love of Crypto and an addiction to charts, indicators, and sharing TA. Our goal is to help people become profitable through functional indicators, solid TA, and proper risk management.
Monday Market Update:
Bitcoin continues in its high range as ETH starts to regain some important levels after doing a deep drive down and retest. TradFi indices are still holding levels as the DXY retests its yearly open, completing a 3 drive to the downside.
The expectation is that markets will continue unless local structure is broken on the TradFi Indices in...
General Market update focusing on Bitcoin.
Bitcoin breakdown is still not being supported with significant spot buying as the March dump was, overall volume is low. ETH looks much worse however has the ability to gain some local levels and move higher. Both BTC and ETH are ranging and building liquidity.
The SP500 and the Nasdaq are still rallying and have the...
Quick market update focusing on Bitcoin and covering BTC CME Futures, ETH, SP, NQ, and DXY.
Effectively Bitcoin is still holding the $30k support and trend does remain to the upside, with major news events starting Wednesday with inflation data, we are expecting an increase in volume/volatility. Overall we did breakdown from the range high but until the $30k...
The SEC targeting Binance is a major blow to the biggest crypto exchange.
BTC lost more significant levels than ETH which managed to bullishly hold structure.
Both the NQ and SPX are significantly up with the beginning of some failing structure
however a bit early to confirm.
The DXY had a breakdown last week which bullishly back tested its yearly open...
Bitcoin and crypto, in general, have had a major run starting most significantly since the start of the new year. BTC1! Is the Bitcoin Chicago Mercantile Exchange Futures trading and comprises significant institutional trading of Bitcoin. The most significant data we use in this report are from the Dealer and Intermediaries which are the Exchanges...
Bitcoin and crypto, in general, have had a major run starting most significantly since the start of the new year. BTC1! Is the Bitcoin Chicago Merchantile Exchange Futures trading and comprises institutional trading of Bitcoin.
The report that comes out on Fridays shows the actions that occurred by position from the previous Tuesday to the Tuesday...
Quick market update of weekend price action primarily focusing on BTC.
The expectation is that bearish deviations are starting to show up on the 4hr
a smaller retracement is expected. Still general bullishness in the market,
however, we have outlined some levels to focus on primarily 17.1k and 17.45k
Keep an eye on the DXY and expect some inverse correlation as usual
-Welcome to Monday October 3rd
The Q3 close last Friday showed a complete route in the general markets as the quarterly close saw the DOW, NQ, and SP down 16%, 17%, and 20% from their summer rally highs. The Dollar Currency Index is still fully parabolic from it’s double bottom from May 2021. The collapsing value of the Swiss Bank Credit Suisse has brought to...
The CME report for the 23rd to 30th of August came out Friday and saw interesting price action from Bitcoin.
Another approximate 1k range is currently between 20.4k and 19.3k.
This is similar to the previous range of 21.8k to 20.8k.
As of the report, Exchanges (Dealers/Intermediaries) increased their Longs by a massive 293%.
The change in Shorts being...
Little bit of a video update since we couldn't do a stream today
Normie markets are retracing hard as Crypto is sideways building
liquidity to the upside and downside.
A bit of a no trade zone for me unless you're looking to short
the local resistance and long the support.
Downside continuation is expected however, I would still like
to see a bit more of a...
The CME report from Tuesday the 26th of July to Tuesday the 19th of July came out
The reportable figures from the Dealers/Intermediaers (Exchanges/Brokers) and
the Asset Managers/Insitutionals show negligible increases in Longs/Shorts
The SPREAD increase is nearly a 90% increase for said Exchanges/Brokers
as well as a 62% increase in spreads for Asset...
Going over the CME Gap that exists above us as well as the current Price Action.
BTC failing it's swing was a great short after we short squeezed to the level.
Swings, S/Rs, and Demand Zones are being respected perfectly.
Scalping in this zone don't do anything except look for mechanical failures
and retests/gains. Low liquidity expected.
Lose or gain the...
8-minute video where I gloss over the big picture stuff relating to the Markets and as they relate to the M2 (WM2NS) Money Stock.
This is a High Time Frame analysis of the Market charts like the Dow and SP500 vs the Printing of Money and the increase in Money Supply.
Basically, the entire market exists as a function of printing money, organic growth hasn't been...
CME Gaps occur when the Chicago Merchantile Exchange closes but the BTC price continues to move (Crypto Never Sleeps).
These gaps which you can see on the ticker BTC1! have a well over 90% Fill rate.
The past 2 Weekend gaps were filled on that Monday after each weekend.
It also coincides with the bottom of the current range...
Invalidation of this would be...
Terra UST was the 3rd biggest stable coin and lost its $1 peg causing LUNA to spiral
Once UST lost its peg from $1 to for example $0.50, someone could buy 100 UST for $50
and redeem it for $100 of LUNA and then sell that to USDT — making money on the arbitrage.
This essentially is what triggered the Death Spiral for LUNA because the price of LUNA is
CRO, Cronos, the Crypto.com coin announced a day or 2 ago that they were removing staking rewards
I mean literally, the only reason to be in the project and use the card right?
Anyways, got an email an hour ago saying they're bringing it back albeit at lower % returns but still
bringing it back.
This was timed perfectly IMO because we have now retested the High...