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.
-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...
DXY Pops a High going back 20 Years!
The dollar Currency Index has been moving parabolically for months
and especially so since breaking out of its 1-month range around 100
Keep in mind this has been holding the markets down not to mention inflation
being a huge factor
Keep an eye out for a parabolic break if that happens
watch the market move to the upside
BTC had a nice pump and 4hr close over 41k
There are some Daily S/R Levels where we are at now
but nothing significant has been backtested
Still not convinced of a midterm reversal as we want the current
4hr to potentially test 40.7k at a minimum and close over 41k
or higher for bullish continuation.
Nice to see some relief finally after a harsh 2-week...
Key Weekly level tapped after an incredible dump from BTC that took us back
into the previous range.
The Weekly Support test resulted in a big bounce.
Rember this is a bounce from Mid to Low timeframes being completely oversold
High timeframes can still come down, Current down trend reversal is not confirmed
Everyone wondering about the Dealers and Intermediaries adding massive shorts on the 29th of March.
We can explain this from the very overbought Price Action as well as it being the end of Q1.
This push accomplished the Q2 Open under the Q1
BTC Filled the gap and is now bouncing from the previous range highs
great to see as well as many adults holding key levels without completely collapsing
This has been fueled by the downside on Bitcoin Dominance and investor interest
in higher risk / higher reward cryptocurrencies
The short we were in from 48k (swing fail pattern)
has played out perfectly and we...
BTC has been pumping absolutely wild in the past few days but with no significant high timeframe retracements.
The interesting thing to note is how the price was pushed all the way down to under the Daily S/R at 47.1k
before finally bouncing back to the mid 47k area.
This push down into the Demand zone (A) which was created right above the all-important Weekly...