AXS pumped HARD while BTC is dumping

I feel this could be due to Stoploss hunting by whales/exchanges to liquidate people at certain price points that they think/know that many people placed their stop loss

it's a very real thing and something to look out for when you trade as well

#learn

:-) cheers

position management and knowing the market +++

closed the trade at small profit as i have to go off now,

might trade again at night,

until then please trade safe!!!

Cheers to no losses on the channel yet 🥳🥳🥳

while I'm away, either one of these 2 set ups might potentially happen

break out/down

trade accordingly! huge opportunities for profits 🤑

if i'm able to trade i'll be messaging y'all from this channel 😊

ta-da!

up and out of ascending triangle 🥳🥳

#calls

remember this?

congrats if you followed the swing trade,

6% profit so far with no leverage 🥳🤩

about 6% profit as well for UTK 🙂

a close above the blue line and we'll have a nice long scalp

doesn't seem like it's going to close above

no trade.

looking at btc 15m chart...

i'm a series of long top wicks

possible rejection then retest

now that we're above the 200 ema, i'll be looking for longs instead

a strong push off the 200 ema should signify a nice uptrend in the next few days

right now i'll just be waiting for the market to stabilize/retrace

no trades now as it can go either direction

some alts to note:

MATIC just broke out of it's triangle after SO LONG

if this breakout retests well, we can see a nice uptrend in MATIC

#analysis

a closer look at MATIC 15m tf

the first green candle closed JUST ABOVE the 4h tf trendline and it was enough to fly (ofc with the help of btc pump)

placing a stopmarket buy order at 34381on btc for now

small margin.

reasons:

the support level has held very well thus far with immediate rejection 3 times

im looking for a bounce scalp here if it comes back to touch the support level again

if it does not come back down to wick support level, it's fine - no trade then.

the area of green box is what i would refer to as the DEMAND zone

from previous price data, this is the area where btc always bounces off from be it uptrend or downtrend

#learn

as you can see, price came in the demand zone and bounced off before (there were more occasions but you can take a look yourself) (this was a downtrend market)

however, the right most attempt failed as whales manipulated the prices sending it down all the way with a huge long red candle (not organic price action)

what do i mean by organic? just means unnatural price action aka manipulation

#learn