INVITE-ONLY SCRIPT

Phantom Trader -- BTC -- Only

Phantom Trader is a "counter-trend" strategy built to take advantage of non-linear trading ranges and heavy chop zones.

Phantom Script is forward-thinking, and will project the next possible reversal zone (PRZ) well head of the move.

This script can be utilized for :

Hedging
Swing trading
Scalping

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Most reliable time frames are the 60-30-and 15

Green line indicates hidden support levels
Purple line Hidden resistance levels.

When price comes in contact with our PRZ "Potential Reversal Zone"
It is wise to take up a hedge position.

BITMEX:XBTUSD"
BITMEX:XBT
BITSTAMP:BTCUSD
BITSTAMP:BTCEUR
COINBASE:BTCUSD
COINBASE:BTCUSDC
COINBASE:BTCEUR
COINBASE:BTCGB
BITFINEX:BTCUSD
BITFINEX:BTCEUR
BITFINEX:BTCGBP
BINANCE:BTCUSD
BINANCE:BTCUSDC
BINANCE:BTCUSDT
BINANCE:BTCUSDC
BYBIT:BTCUSD
GEMINI:BTCUSD
KRKN:XBTUSD

----------------Impulse Rejection----------------------

Bullish Impulse

WEAK SELL SIGNAL: If Price is closing above Purple Phantom PRZ during bullish impulse, then likely a bullish impulse continuation is to take place.

STRONG SELL SIGNAL: If Price is failing to close above Purple Phantom PRZ Line after a bullish impulse, then look to hedge the short, or to take up a short position.

Bearish Impulse:

WEAK BUY SIGNAL: If Price is closing below Green Phantom PRZ line, after a bearish impulse, then maintain short position.
STRONG BUY SIGNAL: Once Price starts closing above Green Phantom PRZ line, look to hedge a long against a short, take profit the short, or net long the asset.

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Signal Invalidation

Close and continuation above Purple PRZ would invalidate short signal
Close and continuation below Green PRZ would invalidate the long signal

If the same above PRZ is rung once again, then that was likely a stop hunt.
Another close above, and signal should be retaken.

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Midline Signals

Rejection at Midlines, during a bullish impulse, is bearish:
-Entering a short position or profit-taking current long is advised.
-A net-long trader not wanting to profit take their long can hedge an equal-sized short there.

Rejection at Midlines, during a bearish impulse, could signal trend change:
-A net-short trader should hedge a long position against their short.
-A net-long trader can add to their long on the second or third bounce

Continued rejection at midline, one should take up a net position in the direction of which the chart is rejecting.

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For Test Access Please use the following GOOGLE form:
forms.gle/tE4Q6puVVEuma68Z8

For monthly licensing:
coin-observatory.chargifypay.com...
$75/month licensing fee

To obtain a lifetime license
And
For SCRIPT SUPPORT please join our discord:
discord.gg/UWae5pk

For ALL ASSET Classes

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Invite-only script

TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.