SWEAT THE PLATFORM Strategy scenario from the Market Maker Here is the BTC trend scenario for the next month. I realise that making this suggestion when we arat a knife edge is ($9,300) is a risk but it is always worth considered an alternative view other than MOON or CRASH! 3's the charm. The last 2x times I've highlighted this trend BTC has traced them very...
I've been trading with this pattern and has worked quite nicely with the exception missing the initial move yesterday as the pattern shifted slightly* and looked like it might drop. The low last night that partly stopped me out by a fraction of a percent :( The trend is from the end of Feb 2018 - The last major double top. It seems to be running at 2-3x speed. ...
The market is pumped so I suspect the dump but the liquidity here has already gone at 9,700 - Makes more sense to push for $11k (low level friction up to $10.5k).
Seems to be on track although I got worried a little last night! - Placing sell trades for the single bounce off the top. Expecting 2 touches then possible $11k+
Indicators at 4hr mark not looking positive. If we drop: Some retracement ops worth considering just about $8,450 nd $8,700 but I will keep it to one move. Not expecting to go below $8k, this shelves C for now
Each pump has been supported by large buy walls on big ALTs that I've been tracking e.g. NEO. These are not present as far as I can see at this crossing over into $9,500. In fact, similar size walls are now sitting just above the top price point perhaps to sell into retracement? I'm interested in how this one might play out. (It will probably go parabolic haha)
Well I'm glad I timed my selling better than previous runs, sticking to my target and binning remaining NEO at $80 and not FOMO into the additional $4 rise. BTC changed direction just north of target (BTC either goes higher than expected or lower as this is where the Market Maker wants to do their business!). Watching the action as a novice I noticed a few...
Target A is based on key resistance set in Dec, Feb and March (previous resistance was weak relatively and open to manipulation IMO). BTC touched perfectly as it has done in previous recoveries followed by a retracement. This is where I believe folks will sell and the retracement will commence. Watching closely to see if it will exceed and push through as...
Is anyone buying BTC anymore? Or is everyone in ALTs? Going through a few playbooks I'm expecting the following hours to play out to the upside. However, with many folks buying ALTs, perhaps BTC will struggle to go beyond $9,400. Where ALTs so prevalent in the last 'bubble'? Perhaps the FOMO will draw back investment from the folks who got in late last year but...
Well it's been an exciting few days and very interesting in terms of TA which has proven its weight in gold over the last week... 21 grams? I got a little caught up on the FOMO and mucked up a small trade - Binance refresh rate is appalling. Despite that, for a novice I have day traded the channel quite well (purple line) and expect this to hold up to point B,...
As a novice it is always nice to see when some of the great techniques I have learnt from this community pay off. School boy error though - I forgot to plan for what's next, what comes after this leading edge. I guess I'll take a cue from the market to see if we can break this resistance point and move into a bullish market. Many thanks TV community! HF -...
Many end on a double-top but mixed bag in regards to price - some go parabolic after breaking the downward line, others whimper across and beyond. If BTC makes it in the coming few days its impossible to say what it might do but perhaps this will be a gradual rise as this crash is not related to any noteworthy event (e.g. Mt Gox) and the FOMO will take time to...
I don't think you need to be looking at 2014 charts to predict the future. There is a risk you see patterns in everything but I'd suggest more recent events are more valuable. - Striking similarities in form, trajectory and (critically) market conditions. Yesterday I witnessed a large sell volume appearing stalling the rise in price. My guess is that this was...
BTC is mirroring the trend pretty nicely with each spike being within a 6 hour range. - Shame I cancelled my stops to cash in at $8,450 to place some defensive stops if it dropped (novice). I'm not going to try risk trading the next day as if this trend holds then we should expect that the Bulls have all the weight they need and there will be limited...
A lot of nervous hands right now, and rightfully so. There is obvious room for a further 20% slide (relative to fall we have seen this year this is small potatoes but offers considerable additional gains if the market reaches ATH again). I hope for further upside here though I don't expect the market to edge much past 9k if it does go up. I adjusted the...
Interesting, I took a quick look and the future looks bullish based on the historical manipulation map. I am being extremely cautions about this as this is a totally different marketplace and each manipulation will change dependent on the relative macro and micro forces but it would be nice to pay for some of those beers consumed while I was away ;)
So after a nice holiday I turn on the machine exactly as the market jumps up. The foretasted micro trend set in March has pretty much mirrored BTC through to this moment (excuse some of the timings). Not blowing my own trumpet here - The forecast based on historical FOREX manipulations predicted a shift now but I was unsure on which direction it would take at...