***VERY IMPORTANT BITCOIN UPDATE***!!! RED ALERT!!!Hello folks and welcome to this 'RED ALERT' BTC update on a daily timeframe.
If you haven't click the 'follow' button then do it right away. Make sure you read this analysis thoroughly.
As you all know that BTC did exceptionally well after the sudden fall from $52900. Everybody in the market (including myself) showed the bullish scenarios for BTC which was a good thing.
But is BTC really bullish?
To answer this question, let us observe the chart carefully.
Bitcoin is forming a bearish divergence in the daily timeframe which is not a bullish sign at all. In Feb 2021, BTC formed a bearish divergence, and in May 2021, BTC dropped and fall almost -52%. It took exactly 3 months, where the market was creating a hype that BTC will break its ATH but it turned out totally opposite.
Now, we are here again with the same bearish divergence. July 2021 is the month when this bearish divergence formed and after its formation, this is the 3rd month running. So, you guys are smart enough to guess what could possibly happen next.
Ok, so, if BTC tends to fall again then what will be the possible exit plan?
Well, according to the chart, BTC should hit the $50k mark once again, and then we may see the dump. But if the market shows some bearish sign then we have to deal with it. However, on the other hand, if BTC breaks above the $52k resistance then it will be a completely different story.
Currently, BTC is making a move above the 21 MA (this is exactly what happened in May 2021).
The important areas we need to observe as per the daily chart are:-
1. BTC bearish divergence.
2. 21 MA & 50MA bearish crossover.
3. BTC reaching the $52k resistance.
I seriously don't want BTC to go bearish rather I want BTC to break the ATH but we all need to face the reality. In my honest opinion, after observing the chart, I am biased towards the bearish side of the market. I may be wrong on this and my chart may get invalid but I am aware of both the bullish and bearish scenarios of the market.
If you find this T.A useful and worth it then do like and share it with your known people.
What do you think about the BTC price action? Is BTC gonna reach its ATH or is it another trap?
Share your opinion in the comment box.
Trade safe.
Dump
$SDC is gonna fall todayPupm&Dump trading strategy idea.
$SDC is rising too much today.
The demand for shares of the company looks lower than the supply.
This and other conditions can cause a fall in the share price today.
So I opened a short position from $7,83;
stop-loss — $8,24;
take-profit — $7,02/MOC
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
$PHIO is gonna fall todayPupm&Dump trading strategy idea.
$PHIO is rising too much today.
The demand for shares of the company looks lower than the supply.
This and other conditions can cause a fall in the share price today.
So I opened a short position from $2,34;
stop-loss — $2,50;
take-profit — $2,02/MOC
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
$LMFA is gonna fall todayPupm&Dump trading strategy idea.
$LMFA is rising too much today.
The demand for shares of the company looks lower than the supply.
This and other conditions can cause a fall in the share price today.
So I opened a short position from $4,97;
stop-loss — $5,19;
take-profit — $4,52/MOC
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
$NNVC is gonna fall todayPupm&Dump trading strategy idea.
$NNVC is rising too much today.
The demand for shares of the company looks lower than the supply.
This and other conditions can cause a fall in the share price today.
So I opened a short position from $5,18;
stop-loss — $5,41;
take-profit — $4,72/MOC
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
$SDC is gonna fall todayPupm&Dump trading strategy idea.
$SDC is rising too much today.
The demand for shares of the company looks lower than the supply.
This and other conditions can cause a fall in the share price today.
So I opened a short position from $6,37;
stop-loss — $6,54;
take-profit — $6,02/MOC
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
$IRTC is gonna fall todayPupm&Dump trading strategy idea.
$IRTC is rising too much today.
The demand for shares of the company looks lower than the supply.
This and other conditions can cause a fall in the share price today.
So I opened a short position from $55,88;
stop-loss — $57,31;
take-profit — $53,02/MOC
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
USING GOLD TO EXPLAIN WYCKOFF DISTRIBUTION SCHEMATICS!Hello my beauties. I see very little content on the platform regarding Wyckoff, and I really believe it is a must to understand what is happening from an emotionally and mentally detached perspective on the markets. Wyckoff analysis provides you with an opportunity to do just that. I will walk you through the events and what they mean for the market, and hopefully I'll be clear enough to provide you with the reasons that compel me to take my trades. Enjoy!
Here are the distribution schematics for you to use as reference:
www.google.com
1) Point of Supply (PSY): the price hesitates around the area where the support of the trading range will form; this represents a warning that the mood is changing that retail investors normally fail to notice;
2) Buying Climax (BC): big investors start releasing their shares as they are satisfied with the price target they have achieved;
3) Automatic Reaction (AR): retail investors believe that the instrument is retracing, and do not pick up on the mood shift in the price action. They enter and buy aggressively, perceiving value and expecting a trend continuation. Big investors use their longs to open short positions at advantageous prices*;
4)Second Test (ST): the second test is a test of demand. In the case of a distribution, it normally fails to generate a new high, which is a massive red flag. Retail investors usually fail to notice this warning sign, and keep on buying themselves in;
5) SOW: the price starts showing some weakness. This allows smart money to trap sellers that think the price is switching to a bearish trend ;
6) Upthrust (UT): this event allows smart money to both stop out sellers that entered the market in the previous case, and trap buyers that believe in a trend continuation. Needless to say, that's not the case.
7)Upthrust After Distribution (UTAD): the price moves higher and traps even more buyers. At this point there are multiple tests of the so called ''path of least resistance''. Big investors are adding to their positions as retail traders keep on expecting strength. By this time the faith of the price has long been decided.
8) Last Point of Supply (LPSY): the market hesitates, showing extreme difficulty pushing towards the upside. One of the last chances to enter a short position.
9) Sign Of Weakness (SOW): the price starts melting down, as the ''path of least resistance'' is now cleared by all the stop losses triggered by the sudden shift in market mood after the UTAD.
10) Last Point of Supply (LPSY): very last attempt from the buyers to hold the price up.
11) Markdown: all clear, the move begins! The price swiftly moves below the TR (trading range) and dumps towards the final target.
I hope this information helps you navigate the market and profit from them. I will be periodically publishing explanations of the Wyckoff method.
If you find this content to be valuable, like, follow, comment below.
Thank you very much for reading, and good luck.
Luca, TrickleDown FX
* on the market, for big investors to open new positions, there needs to be an availability of positions that is normally generated through manipulation. The manipulation is only necessary because there simply isn't enough liquidity for smart money to enter the market. So the only way they can open new positions is by selling into the retail longs, or vice versa. This provides them with a number of shares that would satisfy the huge sums of money hedge funds normally manage.
$ENDP is gonna fall todayPupm&Dump trading strategy idea.
$ENDP is rising too much today.
The demand for shares of the company looks lower than the supply.
This and other conditions can cause a fall in the share price today.
So I opened a short position from $2,53;
stop-loss — $2,64;
take-profit — $2,32/MOC
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
$ABUS is gonna fall todayPupm&Dump trading strategy idea.
$ABUS is rising too much today.
The demand for shares of the company looks lower than the supply.
This and other conditions can cause a fall in the share price today.
So I opened a short position from $4,46;
stop-loss — $4,74;
take-profit — $3,92/MOC
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
$IFRX is gonna fall todayPupm&Dump trading strategy idea.
$IFRX is rising too much today.
The demand for shares of the company looks lower than the supply.
This and other conditions can cause a fall in the share price today.
So I opened a short position from $3,21;
stop-loss — $3,35;
take-profit — $2,93/MOC
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
BTC to head back down to 20-24K With the huge dump on "Bitcoin Day", it appears to be completing a very similar DISTRIBUTION pattern that we experienced during the last bull run (albeit on a smaller scale).
I predict it will climb back up over the next few days and complete a LOWER HIGH around the 50k mark (plus or minus 1k). Then bounce off the FIB lines as we head on down to December 2020 Support
The bounce up may present opportunities to reevaluate your risk levels for a Bullish break or confirmation of the DISTRIBUTION pattern.
BTC, +10% long. - All hail El SalvadorAh, another BTC crash.
But this time, it's different than those we have been getting used to: the crash happened hours before the implementation of BTC as an official currency in El Salvador, and a consequent BTC pump planned by thousands of enthusiasts all over the world.
Why would anyone make the price of a currency crash, right before an announced increase in its price and social impact?
Oh, wait, this reminds me of a reverse pump&dump scheme.
Buy now, get some popcorn ready and enjoy the ride to new heights.
-----------
Contrary to all my other posts, this one doesn't have anything to do with my new algorithm. This is just logic, therefore make sure to trade with care as there is no benevolent AI overlord behind my words.
BTC Flash DumpThis green zone is extremely important for me, as there is a lot of buying pressure and we always had quite a quick bounce up. If we don't...Yeah we will. Financial freedom is very close.
This is the first dump we had since 29K , hence this dump is extremely bullish for me. I hit every SL on every trade i had open, but we had the chance to load up on our favorite coins. Funding is reset, wallets loaded and let's see where this takes us.
$ADAP is gonna fall todayPupm&Dump trading strategy idea.
$ADAP is rising too much today.
The demand for shares of the company looks lower than the supply.
This and other conditions can cause a fall in the share price today.
So I opened a short position from $6,29;
stop-loss — $6,52;
take-profit — $5,82/MOC
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
$AEHR is gonna fall todayPupm&Dump trading strategy idea.
$AEHR is rising too much today.
The demand for shares of the company looks lower than the supply.
This and other conditions can cause a fall in the share price today.
So I opened a short position from $9,13;
stop-loss — $9,49;
take-profit — $8,42/MOC
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
$FTFT is gonna fall todayPupm&Dump trading strategy idea.
$FTFT is rising too much today.
The demand for shares of the company looks lower than the supply.
This and other conditions can cause a fall in the share price today.
So I opened a short position from $2,97;
stop-loss — $3,14;
take-profit — $2,62/MOC
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
BITCOIN TO 14K!?Here we will provide a technical overview to the BTC chart...
The most recent sell off followed from the Type 2 distribution on the Daily chart; this has held bearish market structure so for this expansion to continue we should see a further LPSY ( Last point of supply) to create a SoW (Sign of weakness).
In structural terms this just means the structure continues bearish and we form a LH which promotes a new LL.
The Key Supply Area has been identified using our supply and demand techniques...
As we have outlined before, in order for Supply to stay in control thus maintaining 'bearish orderflow' we must see a smaller time frame bearish campaign/ decision (distribution) at this key supply area to drive price lower.
Remember every campaign has 2 objectives: Capture liquidity and tap into a relevant S&D... in this case the bearish campaign would sweep lows to tap demand.
Therefore the structural target is at the current LL @ 28K; the secondary target based on a key demand zone sits at 14K.
We like to present both sides of the market so it is important to understand that the highest levels of structure on BTC are still bullish and we have retraced to sufficient prices to promote a new structural high and this would be ATH!
However this would require the current local trading range to have enough momentum to break our key supply area... so rather than a smaller time frame distribution at our key supply area we should see a reaccumulation with the objective to capture the liquidity resting above our structural invalidation point.
This would be a bullish break and therefore confirm this as a bullish campaign.
As much as we would love BTC to fly to ATH and continue its bull run... it is still simply an asset with a printed candlestick chart... we analyse it with the same respect as any other chart using our methodology of S&D and Market Structure.
Some sentimental thoughts as to why we are prepared for this major sell off:
We are in 2021, in 2020 BTC was below 4k is it really that farfetched for a retracement to 14K?...
Greed is dominating the market
Buy Bitcoin is trending on Twitter...
Greater adoption means greater regulation
Dead Cat Bounce...
We respect both sides of the market; with the standard of trading nowadays there are always strong arguments for both directions. We simply want traders to have that same respect for the market and not fall into the MoonBoy Trap.
We hope this overview is insightful, feel free to connect with us if anything is unclear.