TheSecretsOfTrading

TheSecretsOfTrading Oct 31, 2022

So many signs to be bearish: -Daily exhausted -Broken ltf parabolic curve -3 bearish fractals (based on pa and sentiment) -huge pile of longs until $14k. Marked my area of interest and keeping that bias for now Until I see a clear reversal in stocks and crypto backend.

TheSecretsOfTrading Oct 31, 2022

What a suprise ? We are possibly faking out a risk-on focus on the markets and we could see a downfall back to the descedning triangle - resulting in a bearish breakout afterwards. Not bullish until orange line is broken.

TheSecretsOfTrading Oct 31, 2022

Just kidding. Or Am I? A picture is worth more than a 1000 words so I leave you with my chart - Nothing has changed - I expect a HTF consolidation withing a bullish flag/descending wedge - and more up in 2022/2023 LTF is bullish until reached top of wedge/flag. Cheers!

TheSecretsOfTrading Oct 31, 2022

I'm not believing this run up, All is built up on rumours of a pivot that hasn't been even announced officially. Speculation at it's best, but it's gonna cost a lot of blood on the market. SPX had a good run, but a 75bps hike is coming and it's not gonna end well. Also SPX deviated from US100 - expecting a recalibration to happen. This week is going to be interesting.

TheSecretsOfTrading Oct 31, 2022

VIX has been replicating 2008's sentiment 1:1. And has now retested the bottom - Ofcourse it can still consolidate or visit some local new lows but overall the idea is to keep this range - and go for the final blow. Bearist for stocks.

TheSecretsOfTrading Oct 28, 2022

So what is your guess, what comes next? Fractals from multiple timeframes found along BTC charts. Final fall ahead before major bounce.

TheSecretsOfTrading Oct 28, 2022

Crossing this curve down means new lows for Bitcoin. BTC has been making new lower highs for the past months and now has finnaly broken that trend - if bulls don't fight for the circled level we are at now (I don't think they will) - we goin finally for the last leg down.

TheSecretsOfTrading Oct 27, 2022

Crypto against Nasdaq - Swinging it's way down. Expecting to have hit a ceiling now - and bounce towards the downside - this type of curve channels tend to break to the downside.

TheSecretsOfTrading Oct 27, 2022

That is what I am expecting and am trading right now - Expecting a bounce down to new lows - The fractal is just a representation of what's expected although I don't see it going that low - $14k area seems in the reach ( will judge that when we get there) - further lows will be left for 2023. Cheers!

TheSecretsOfTrading Oct 27, 2022

Crypto has been hesitating lately - should it break out or not - consolidation has now lead into a breakout to the upside - But this doesn't convince me - I expect this breakout to be a fakeout that will drop very soon, If we cross the orange line, we will head towards the upper red line, but I personally won't trade that.

TheSecretsOfTrading Oct 27, 2022

Finally taking a break, but it won't dip as low as 95-97 as many expect. Consolidation withing the descending wedge and up we go for more !

TheSecretsOfTrading Oct 27, 2022

IT has pushed higher due to euphoria and expected FED pivot - which shouldn't happen actually. Therefore a fomo rally to be taken profits on. - expecting the price to go back to the white trajectory.

TheSecretsOfTrading Oct 27, 2022

Well.. actually nothing to see here. All goes 100% as expected and expecting a bounce up from the circled area. Additionally I have underlined TrendExhaustion and RSi as they are showing signs of exhaustion - Bearish for stocks !!!

TheSecretsOfTrading Oct 26, 2022

Cool fractal right ? Well, this is it - for those who like fractals - matches almost perfectly all price movements - keep monitoring it !

TheSecretsOfTrading Updated  Oct 26, 2022

Doesn't repeat, but it often rhymes - don't expect this consolidation to be 1:1 - we could ramp up a bit towards +20k, but all fundamentals lead to the same ending. We need a final flush.

TheSecretsOfTrading Oct 26, 2022

What do you think ? Have replicated BB settings and trendlines - according to those two, we have matched possible areas of price action, tops and bottoms. Cheers!

TheSecretsOfTrading Oct 26, 2022

This is what I expect - together with my HTF idea it should lead to new lows early November.

TheSecretsOfTrading Oct 26, 2022

BTC respected all curves and has now broken up - Good ! Time to retest a long-term curve at $21k. I am happy to see this, as I have been seeing a multi-week divergence already and was waiting for it to clear out - I will be bullish short term but first - we need to get rid of all retail longing until $14k. Expecting the price to bounce down hard after reaching...