shared with permission from the owner here

please do not let greed get into your head in trading

also, ALWAYS use SL and respect it

if it hits, it hits, next trade!

thankfully he was able to get away with a breakeven as the price came back down

sharing his story so that we can learn from him!

#learn

ETH outlook

symm triangle forming

https://www.tradingview.com/x/dnGgWiO8/

btc is still playing in my diamond

it has closed back in and i expect some upward movement here

if the diamond is respected and it plays out well,

i expect btc to pump back up

(of course, this is an ideal scenario)

https://www.tradingview.com/x/4SMN2YxU/

one thing i shared with my smaller group,

if the whole world think that btc is going down, then everyone would be shorting it down

the market makers will usually come in to liquidate overleveraged shorters (happened many times)

so if we're all betting it to be bearish and it actually goes down, I feel something isn't quite right here

it might just be me

btc might not move as most of us expect it to

there's a good chance we'll turn bullish sooner than expected

not sure if i put it across well, but i hope you get what i mean!

just some thoughts

and we'll be prepared! 🤙🏽

with ETH faking out a break down here,

i'm slightly more convinced that we might actually be going up

(might be right or wrong of course, just my personal thoughts)

https://www.tradingview.com/x/CCQpvAXk/

hope you caught the pump with us too :-)

and now,

as the diamond is playing out and reaching the breaking point,

this is what it should look like ideally

https://www.tradingview.com/x/EAqPBwIS/

if not, it'll be a flash dump all the way down when support does not hold anymore

further updates:

the free sharing session will likely be on Tuesday night (PH for SG) at about 8pm (UTC +8)!

and also Trade Pals (smaller group) has grown quite significantly which I’m really thankful for! 🙇🏽‍♂️

do drop me a pm @pengyouu if you’re interested to join as well :-)

edit: (small fee as mentioned in the previous update)

here’s what we have in Trade Pals:

private live trade streams
private discussion chat
support/coaching if needed
first hand trade alerts
more potential trades
more analysis and deep dives together

to the top with you,
cheers!

some tips for you guys ^

if this diamond bottom plays out well,

we'll see a strong pump followed by a very bullish uptrend

being at almost the end of the 4h falling wedge, this will ALSO breakout the falling wedge (also a reversal pattern)

hence, there's some confluence there if this does actually happen

and next stop will be the moon (hopefully)

i also expect some dumping still to liquidate traders that trade this formation early

so watch out and stay safe

to the top with you,
cheers!!