ProfTheTrader

ProfTheTrader Updated  Jan 7, 2024

Most of the people who make technical analysis in Bitcoin expect 40k and above. Until 1 year ago, I was also waiting, but as the number of those waiting increased, I first tried swing short around 25k and then around 30k. Of course, these were stops taking risk and some profit. Now, there may be two scenarios above this 40k that everyone is waiting for. The first...

ProfTheTrader Updated  Jan 7, 2024

Red lines indicate extremes. POI is the area for searching a potential entry point for a swing short which is the start of a deep pullback, or a mitigation with a small pullback. In both scenarios, it is worth taking a risk for a swing trade.

ProfTheTrader Updated  Jan 7, 2024

This is a recession indicator based on economic variables in the USA. Keep an eye on the red line, of which the upper side shows an economic crisis. As you can notice, the indicator line was up the side of the red line of beginning 2008 and 2001. You can solve the problem.

ProfTheTrader Updated  Jan 7, 2024

Link has had a proper Wyckoff Type 1 accumulation process for more than a year, as you can only see in books. And I made a pretty good spot investment, taking a risk when the price was at spring. You can also check them on my X account (@Dnaconcentrator). I sold all the links I held until the red box. Regardless of the Bitcoin price, you can determine the...

ProfTheTrader Updated  Dec 21, 2023

Please note that these are my premature ideas. I don't claim any certain things. I just evaluating the Technical Charts, which are important indicators to me for unknown upcoming global events. I added my comments on the charts with text boxes. I am sure that you can also understand what is going on.

ProfTheTrader Updated  Dec 17, 2023

The circulation of usable money in the US has changed considerably since the last bull run as a result of FED policies. The amount of usable money in circulation (M2SL), the so-called Monetary BASE 2, has declined since then. Therefore, when considering the BTC/USDT price, you may want to keep this chart in mind (I do). Looking at the chart, you can see that the...

ProfTheTrader Updated  Dec 17, 2023

Even if ETH spot etf is approved or approved at the same time with BTC or alone, I think ETH will fall to lower levels against BTC before a real bull run starts.

ProfTheTrader Nov 24, 2023

The gold price surged at the beginning 2008 crisis, and the correction started in 2011 (when most US stocks started to rally) until 2015. A small but similar move was seen in COVID-19 when the gold spot price started a mini rally. As you can see from the chart, I have an expectation of a similar move. In this chart, Multiple Harmonic ABCD is also my helper in...

ProfTheTrader Nov 22, 2023

Please note that there is different fundamental behind BTC. However, all prices no matter what market belongs, the price moves in the same ways. This is Wyckoff methodology, which also imprinted my own style. There is only real thing you should consider always that there is always a market cycle, if it is not a ponzi or scam product. If you expecting to price...

ProfTheTrader Nov 20, 2023

Green boxes indicate a possible uptrend reversal, and the red box is a potential reversal area for a long-term downtrend. The upside of the red line indicates the time of starting a search for positions against USD valuations.