BigTime chartBigTime if it holds support at the green line might pump Big Time. It`s similar to the HNT setup, but HNT when the chart was made it broke out from the resistance already. This is on support / stop loss , right now that means we don`t know for sure unless the resistance is broken. But if it does it the potential is huge
BIGTIMEUSDT.P trade ideas
BIGTIMEBYBIT:BIGTIMEUSDT.P
Keep eye on it!
Cipher SMC is a trading strategy that involves understanding market structure, supply and demand concepts, and liquidity concepts. It is a mechanical strategy that helps traders identify potential trends and reversals by providing insights into the buying and selling pressure in the forex, stock and crypto market. The strategy allows traders to locate imbalances in the market and provides more information about the market when it opens and when it closes. It is recommended to have a solid foundation with regards to market structure before using this tool. Use these concepts alongside other concepts such as Order Flow, Structure, Liquidity etc to build your overall story! As always, keep it Simple and Systematic and you will be just fine ;)
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BIGTIME December first bubbleThis is the example of bubble phase,
Bigtime already bullish with more than 500% to $1 at all time high only in 14 days,
you can see that bigtime already finish "bulltrap phase"
and right now we are in "return to normal phase"
next phase is fear, capitulation, despair, and return to the mean.
BIGTIMEUSDTmy entry on this trade idea is taken from a point of interest BELOW an inducement (marked as xxxx).. I extended my stoploss area to cover for the whole swing as price can target the liquidity there before going as i anticipate.. same idea Ive always been using.. just a trade idea, not financial advise
BUT WHICH DIRECTION IS THE TREND HEADED?It's not a simple question and REALLY matters ALL of the time, so, finding a simple answer is a neat tool to have in the snuff-toolbox..
Here's the quickest, easiest down-n-dirry method for getting closer to an answer.
If you look at the ranging areas of the chart. The in-between, sideways, messy, wish-it-didn't-exist areas and draw a rough shape tracing the progression, then you'll likely notice either a "U" shape or an "n" shape (not everywhere, but at least one prominent one per section/timescale). You'll know if when you see it. Keep practicing and don't force it.
The U Shape can be reliably trusted to identify a Bullish trend, whilst the n Shape does the same when there's blood about.
Sound silly, right..
But it works.
And now you know..