This is not manipulation for those that will try to point finger on the market and try to shift responsibility from themselves.
Too many opened longs = too many stop loss and liquidation orders to be filled.
It’s math and you need to accept it.
That’s why I am closing longs in most cases too early because I don’t want to be one of those that will be liquidated or stopped out with big slippage.
It’s psychological hard to see your trade going deeper in profit and you may catch those feelings that you’re keeping profit on table but once you clear those doubts in your head that it’s impossible to buy the ultimate bottom and sell ultimate top, you’ll understand that you’re always going to leave some profit on table and that’s okay.
Too many opened longs = too many stop loss and liquidation orders to be filled.
It’s math and you need to accept it.
That’s why I am closing longs in most cases too early because I don’t want to be one of those that will be liquidated or stopped out with big slippage.
It’s psychological hard to see your trade going deeper in profit and you may catch those feelings that you’re keeping profit on table but once you clear those doubts in your head that it’s impossible to buy the ultimate bottom and sell ultimate top, you’ll understand that you’re always going to leave some profit on table and that’s okay.
Crypto Signals
What if multi-year support turns into resistance and sends ETHBTC crossing to new lows? Just to mention, this is not a prediction or trade setup I’m going to trade. This is just to bring in perspective what could happen because once people see 50% move up…
If it’s manipulation, why we have an almost perfect retest of previous resistance in the market that got broken recently?
Coincidence?
😜
Btw, I’m changing my opinion on ETHBTC from neutral/bearish to bullish if we remain close above this level.
This also aligns with the ETHUSD pair.
Coincidence?
😜
Btw, I’m changing my opinion on ETHBTC from neutral/bearish to bullish if we remain close above this level.
This also aligns with the ETHUSD pair.
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P.S. If you have some questions, feel free to send them as well.
Thank you all for sending so much positive vibes and I’m really happy that you like the things I share.
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Would you like me to teach you about things that I use that are not solely based on technicals? What are the underlying forces in the market? Why there’s funding and how does it affect the market?
anonymous poll
Yes! – 226
👍👍👍👍👍👍👍 96%
No, I already know about it. – 9
▫️ 4%
👥 235 people voted so far.
anonymous poll
Yes! – 226
👍👍👍👍👍👍👍 96%
No, I already know about it. – 9
▫️ 4%
👥 235 people voted so far.
We got weekly closure.
How to interpret this?
I see this as a perfect short scenario where people will be putting their stop loss above this Doji candlestick.
The weekend did it’s job to create that bearish scenario?
One more time, Bitcoin is in it’s last stage of the parabolic move up but in my opinion, it’s not over yet.
The perfect bearish scenario can easily catch the majority on the wrong side and push the price above $10,500.
I’m not bearish I was 48 hours ago.
We saw sell-off that was bought up and now I’m opened for either direction.
I’m not going to open swing positions but my intraday trades will be highly dependent on funding situation because it’s easy readable and I’m ending this week with 6 out of 7 profitable days.
The only day I didn’t make a profit was the one I didn’t find setup and it was Friday
If it will be going up, it won’t stop at $10,500 but exceed above it most likely to $11,500
I really don’t have downside targets but I will establish them if we get daily close below 9.6k
How to interpret this?
I see this as a perfect short scenario where people will be putting their stop loss above this Doji candlestick.
The weekend did it’s job to create that bearish scenario?
One more time, Bitcoin is in it’s last stage of the parabolic move up but in my opinion, it’s not over yet.
The perfect bearish scenario can easily catch the majority on the wrong side and push the price above $10,500.
I’m not bearish I was 48 hours ago.
We saw sell-off that was bought up and now I’m opened for either direction.
I’m not going to open swing positions but my intraday trades will be highly dependent on funding situation because it’s easy readable and I’m ending this week with 6 out of 7 profitable days.
The only day I didn’t make a profit was the one I didn’t find setup and it was Friday
If it will be going up, it won’t stop at $10,500 but exceed above it most likely to $11,500
I really don’t have downside targets but I will establish them if we get daily close below 9.6k
Crypto Signals
If it’s manipulation, why we have an almost perfect retest of previous resistance in the market that got broken recently? Coincidence? 😜 Btw, I’m changing my opinion on ETHBTC from neutral/bearish to bullish if we remain close above this level. This also…
With this price action, ETHBTC pair is targeting 0.030BTC as the next major target and resistsance.
Crypto Signals
Funding is increasing on some pairs again so we can get move up into this area but I’m still not bullish on Bitcoin. That increase in funding can just cause that test of the resistance before going lower. It’s Sunday so we’re going to see weekly closure…
As mentioned, Bitcoin tested resistance area that’s going to play a major role for upcoming days.
Close above that area and we can easily see an attempt for $11,000 and main resistance $11,500.
Weekly support $9600 held one more time and we’re in the range between $9600 and $10,200.
Once one of these two areas give up, we’ll get a new trend either to $8500-8800 or $11,000-11,500.
Close above that area and we can easily see an attempt for $11,000 and main resistance $11,500.
Weekly support $9600 held one more time and we’re in the range between $9600 and $10,200.
Once one of these two areas give up, we’ll get a new trend either to $8500-8800 or $11,000-11,500.
Crypto Signals
Funding on ETHUSD is extremely high so what I can see using that data and this chart, we’re most likely to see a retest of red area in upcoming days. Weak hands are out, it’s time for bulls to take control.
ETHUSD approaching the area I called a few days ago.
I expect it to take out the previous high and then we’ll see where we go from that.
The main target is 2019’s high ($350).
I expect it to take out the previous high and then we’ll see where we go from that.
The main target is 2019’s high ($350).
Crypto Signals
As mentioned, Bitcoin tested resistance area that’s going to play a major role for upcoming days. Close above that area and we can easily see an attempt for $11,000 and main resistance $11,500. Weekly support $9600 held one more time and we’re in the range…
Resistance at work!
Just when everyone thought Bitcoin is going to new highs after reclaiming $10k, they forgot about very important resistance.
Just when everyone thought Bitcoin is going to new highs after reclaiming $10k, they forgot about very important resistance.
This is what means waiting for confirmation.
Never try to outsmart the market.
Where next?
All impatient longs are out of the market which means that we have no artificial selling pressure by a huge number of long stop loss orders.
Having that in mind, if we keep this area around $9600 and above, I’m more bullish than bearish but still, confirmation is close above resistance ($10,300).
Taking longs at the support that was tested so many times only in case you use small position size.
But, if you ask me, would you rather open long or short at the current price ($9600), I would choose long.
The stop loss area is closer and I can get way better risk-reward on a long position and I know that long positions are out of the market because of this recent move.
But again, this is not the smartest time to be in any position.
I told you a couple of times, Bitcoin is in its latest stage of the parabolic move up.
Moves can happen in either direction and they can be very volatile.
Stay safe until it consolidates and offers profitable setup.
Don’t chase the market; let it unfold by itself.
P.S. I was writing today about this market scenario in my upcoming course and just 5-6 hours later it happened 😁
This isn't manipulation for those that wonder.
This was artificial selling caused by the enormous amount of long stop loss orders.
Never try to outsmart the market.
Where next?
All impatient longs are out of the market which means that we have no artificial selling pressure by a huge number of long stop loss orders.
Having that in mind, if we keep this area around $9600 and above, I’m more bullish than bearish but still, confirmation is close above resistance ($10,300).
Taking longs at the support that was tested so many times only in case you use small position size.
But, if you ask me, would you rather open long or short at the current price ($9600), I would choose long.
The stop loss area is closer and I can get way better risk-reward on a long position and I know that long positions are out of the market because of this recent move.
But again, this is not the smartest time to be in any position.
I told you a couple of times, Bitcoin is in its latest stage of the parabolic move up.
Moves can happen in either direction and they can be very volatile.
Stay safe until it consolidates and offers profitable setup.
Don’t chase the market; let it unfold by itself.
P.S. I was writing today about this market scenario in my upcoming course and just 5-6 hours later it happened 😁
This isn't manipulation for those that wonder.
This was artificial selling caused by the enormous amount of long stop loss orders.