D-ETH
ETH to test 3,200 USDSTART AT THE LONGER TERM CHARTS TO SEE WE ARE QUITE STRETCHHHHHEEEEDDDDD...
Video explains why on the short term basis 3,200 will be the next stop on the leg down and the first opportunity to assess whether or not it's worth a nibble.
Paper hands can help you avoid realized losses.
#bitcoin bloody sunday. #CME closed @ $50k opening soonwe are in Nibble zone
potentially Back the truck up moment.
is the thesis still the same? Is the appetite from large players still there?
Is the FED still expanding the BALANCE sheet?
Is A fat protocol, global monetary standard is still a useful thing..?
An opportunity to buy one coin at less than a yearly salary may not appear again.
Elliott overlay to accompany the WyckoffWe have been posting more and more in our community around the logic of this move - After the Rocket call on the 18th of March, it's clear to see how respectful the price action has been.
Inside a weekly (3-4) move in terms of Elliott Wave, we have seen a near-perfect example of a Wyckoff distribution play out.
This was shared two weeks ago now, showing the logic and the pattern as it played out. I wanted to post it on TradingView to accompany the Wyckoff videos from earlier this week. When you see it as an overlay - it's now clear professional money is starting to take control.
The assumption of many retail traders is that institutional money flow in = price up, and that is the reason over 75% of retail lose money.
Have a great weekend all!
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
Why This is Distribution & not an accumulation phaseAfter a failed stream with @Paul_Varcoe
Where the tech managed to cut off, I had jumped into a new stream to give the 10mins of BTC update for today. However, as the last couple of points were done in under the 5mins requirement for the stream to be saved. That was lost as well.
So here's the stream Take 3 - shortened and summarised.
Have a good weekend.
See the posts mentioned below in linked ideas.
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
Reading the ETH chartIn this video I break down the current state of ETH. Where I see potential high probability trades as well as possible downside support if the sell-off continues.
We start with the daily timeframe-- but move to what is happening on the hourly and where a potential short opportunity exists. From there we look at both downside and upside opportunities.
ETHEREUM SELLING ANALYSIS!So I though I should analyze Ethereum because a friend was in buy in the market and a few days ago I warned him that he may want to exit so thought to check it out and I see it broke a channel to the down side.
Here is my analysis on this, follow me for more trend breakdowns and some high probability trade calls.
Another Overlay "Exposing the Schematic"A very quick video, showing a Wyckoff distribution schematic (update from the last post).
We have covered these in the streams with @Paul_Varcoe Another stream later on BTC at 15:30 UK time today.
www.tradingview.com
With Elon's tweet pushing the price of BTC down - it's now at the lower band of the Wyckoff structure (overlaid) in this post. Some more confusion and fear to drive lower for sure!
I also posted yesterday some more educational content on why people are hooked on crypto.
See linked ideas.
Will be updating this as the schematic unfolds.
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
BTC facts - chart overlaid to show the logic.I have been asked recently about the BTC moves and how the "they Blew up the rocket" call back on the 18th of March fits this.
It's pretty simple - Elliott wave Weekly (3) = Daily ⑤.
That combined with a near perfect example of a Wyckoff Distribution schematic as per the ghost overlay.
We had discussed this in our Discord last week and covered in the TradingView stream again yesterday with @Paul_Varcoe
Here's a link to the TV stream - www.tradingview.com
But for some reason there is some technical glitch on TV's historic stream's from yesterday. so here's also the YT link below encase it's not working in a few hours;
www.youtube.com
Although it's short - I hope this makes sense.
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
ETH Might Launches Its Rocket Soon 🚀🚀🚀A quick analysis on ETH/USDT using the 4 hour time frame to see what's most probably will happen to the price in the coming hours.-------------------------------------------------------------------------------------
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Risk Disclaimer: All trading ideas published by “collegeofpips” are for educational purposes only. These posts can help you to enhance your trading skills, but please do your own research before opening any trading position. ⚠️