yet another speculation

but the bulls are weak

might play out but not to the full effect

the wyckoff sharing in stream is still valid

https://www.tradingview.com/x/azb5yGfc/

breaking out well so far ✅

confluence of multiple chart patterns here that's signalling bullish reversal

market is volatile, SL+ or take profits if you're in the long position

tomorrow will be a very volatile day with the B word conference going on

no trades before and during the conference

likely a chill day tomorrow

enjoy the break!

a mini short squeeze happened that liquidated a lot of shorters

we're still not in the clear still bearish atm

btc needs to hold

this pump/squeeze could likely be just a liquidation move as i shared before

called it yesterday here ^^^

if you're in long positions,

trail your stop loss and hold SL+

if you do not have positions, i would suggest not opening new ones while the market settles to see whether btc can actually hold here

continuous rejection on btc 4h resistance trendline

if btc can't clear this then we'll head back down for the retracement soon

we'll pick up a bounce there if it holds

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

expect ranging in the region here

once again it can be a bull trap too,

we're still not in the clear for a bull run

we need a good hold and pump up again to reclaim 32k

https://www.tradingview.com/x/bMXVrI1J/

apologies for the lack of trades here on the channel thus far,

the market isn't the best right now as we all know

it's best to stay out or do quick scalps

quick scalps won't benefit you guys as it is very time sensitive and me having to type everything out takes awhile

but if it helps, i've taken more losses during this period as well with the volatility

don't beat yourself up too much if you're losing

heads up, better days ahead :-)

to the top with you,
cheers!!

just want to share some views on what went down today (the two pumps)

could it be due to B word conference? maybe.
but imo i think unlikely

yes indeed, buy the rumour sell the news

the conference was announced almost a week ago, why didn't prices pump then? instead we tanked til 29k

secondly, looking at the two pumps

both aren't convincing at all personally

pump -> ascending triangle -> pump -> ascending triangle pump?

the price action isn't convincing me enough here, there is a lack of solid accumulation or consolidation before movement up

it could possibly be a bull trap, or whales trying to paint an image here that we're going up from here

i just don't think this is it yet

or until i can see more convincing price action that we are HOLDING and consolidating well

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

because there is a lack of volume, it makes it much easier for whales to manipulate the price

a lack of volume means that if i can come in with a larger than usual order i can pump prices up by quite a fair bit

much more than a usual market with more volume (because the sellers can meet demands)

but in this case, no volume, lesser sellers selling than usual, one big order and prices spike followed by mini short squeezes liquidated

if you remember the diamond reversal pump that we traded last weekend

it was a bullish reversal sign, but we ended up back in the dirt

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

there's no saying for sure that this is not the bull run or this is the bull run

but just be cautious still, yeah?

the limit should be here or slightly higher

what i expect during the conference is either a DUMP or RANGE

depending on what they say it'll pump a bit, dump a bit etc. etc.

and *likely* after the event it'll dump back down

how far? can't say for sure

we'll have to see the contents of the conference

best to not have any open positions now as we're approaching the conference

see you guys tomorrow

to the top with you,
cheers!!

and at this point we still cannot say with certainty that we're in a bull run yet so take care!

btc is ranging outside the 4h falling wedge right now

i think we're still not bullish yet, keeping my mindset bearish still for now

a fakeout is highly likely, as we've seen on 12/13 July for btc

anything can happen though

trade with tight stops for now or wait for clearer confirmation while the market ranges!

ETH is on an ascending triangle

trade on the breakout

SL: 1955
TP: 2020 -2039 - 2080

https://www.tradingview.com/x/7cK8pzso/

if we look at btc now,

it's a more proper and convincing consolidation and hold as compared to what was happening yesterday

compared to the fakeout on 12/13 July we're doing much better here as well

chances are better that the bull run is resuming soon from here

cheers to that if it's true! :-)

https://www.tradingview.com/x/8Vb32AYG/

seems like the bulls weren't able to flip the structure and back down we go

the breakout didn't sustain and there goes the confirmation

so now we're back to square one

still bearish

stay out of the market for now as it settles to be safe

Thanks for your pinned post.I made my first profit today with your signal and got liquidated with other trades today.so painful.I may have to still subscribe to your channel till I become better.it’s good to know you
thanks

randomly thought of this but

if you want to be consistently profitable in trading

money should not be your goal

money might be your ruin because you'll be emotional and trade high margins

the goal is to be a good trader

ask yourself, "how can I be a profitable trader?"

then follow up w the actions!

once you're a good trader, money comes naturally :-)

#learn