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EXTREME RISK: SHORT TERM $3,310 TEST ETHWATCH THE VIDEO BOTTOM LINE: BEAR MARKET DECLINES SUCK AND ARE PAINFULLY QUICK TO MANIFEST ON THE DOWNSIDE. ESPECIALLY THE INITIAL DROP FROM THE HIGHS. BEAR MARKET RALLIES (COUNTER-TRENDS) ARE ALSO FIERCE BUT DEVELOP AND FAIL MUCH MORE QUICKLY. (YOU NEED AN ATTRACTIVE, AND DEADLY, TRAP TO STOP A RAGING BULL). BE AWARE OF YOUR RISK. PAY ATTENTION ACROSS TIME HORIZONS AS APPROPRIATE TO YOUR STRATEGY. BUY: $2,900~ SELL: $3,200 - $3,250 (FIRM - NO ALLOWANCE OTHERWISE) STOP: $2,700~ (MAX RISK) IF YOU DON'T OBEY YOUR STOP OR SELL YOUR TARGET YOU WILL LIKELY REGRET THE DECISION TO HODL.
BITSTAMP:ETHUSDLong
by EconRuminations
3
Wyckoff distribution before your eyesLeaving the Wyckoff distribution structure. As per the previous posts & streams. People where saying "guys a boomer", "FUD" and all the other good stuff. I've been Bullish since 2011 and my overall sentiment is long. But I have traded 21 years now and know a healthy sign of the Bull moves are areas to buy the dips. If you look at the logic in this post, it's written out as a text book example. I would actually choose this to teach in the class room. We have covered a lot of this logic & also have a slight insight into the world of Venture Capital - seeing various angles is never a bad way of seeing things. This is part of a healthy correction, well needed and will actually do the whole sector some good overall. We have already issued some long calls for the larger time-frames. Stream later via @Paul_Varcoe Discord channel in the signature of the post, come join the conversation. 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.
COINBASE:BTCUSD
by Mayfair_Ventures
23
Bitcoin schematic formationWatching the recent BTC moves, we have overlaid both Wyckoff & Elliott to highlight the current situation. Talking our community through the process - we thought this was interesting and worth sharing here. The example using Bitcoin has been near enough textbook to here. There are several crosses of interest currently using SPX, DJI & Gold, but the Grayscale pattern clearly shows a bias. Watching closely. 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.
COINBASE:BTCUSD
by Mayfair_Ventures
17
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.
COINBASE:BTCUSDShort
by Mayfair_Ventures
6
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.
COINBASE:BTCUSDShort
by Mayfair_Ventures
54
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.
COINBASE:BTCUSDShort
by Mayfair_Ventures
15