now just revisiting this warning message in the afternoon,

this channel (Jack Dorsey Coins) has proven to be accurate the past manipulations (as the owner is a whale himself)

this time he is calling for 30-50% drop so we might see the market just tanking quite a bit for a long while

we might not have any further trades today if this situation continues

however, if the market does stabilise (i'm expecting a downtrend from here) then we can start looking for some potential short trades

Wow the channel is growing

Welldone

And your teaching is great too

thank you all for being here! #grateful

quick update 15m tf

support zone holding strong for now, but btc is ranging inside unable to break resistance of about 33600

based on price action we can see a tweezer bottom bounce followed by somewhat shooting star

aka bears are in charge because the immediate candle after a tweezer bottom is usually never a shooting star

here are some basic candlestick patterns to learn!

with this you can understand price action better :-)

you don't have to memorize the names etc. it doesn't really matter, as long as you understand what it signifies

#learn

btc 15m tf

interesting price movement here

bulls were able to reverse the somewhat shooting star with a bullish spinning top followed by tweezer bottom again to close at the top of the resistance zone

a close above 33785 would be nice confirmation to look for longs

until then i'm still bearish

will check back in an hour or two

to me btc might just be ranging and there's not much to trade here

until then trade safe! :-)

little bump here on this tip!

as expected, ranging with sideways movement

not much to trade still !

looks good though,

seems btc is taking good support on the 33600 support zone

we might see upward movement from here if it holds well

no more trades today

no movement at all, btc still ranging with sideways movement

closing today’s trades with
1 win - BTC long x125, 125.20% profits

will check back tomorrow

until then trade safe!!

to the top with you,
cheers!!

btc 15m tf currently

seems like there was a stop hunt last night, liquidating longs by dipping below support before pumping back up

such price action looks super inorganic

after the pump, btc has been rejected 3 times from the supply zone (our former demand zone) and ranging between sideways for now

i'm see-ing possible "SOW" signs from wyckoff price action theory

take a look at this

(this is what i'm seeing)

this is what i'm speculating to happen if price continuously fail to break above the preliminary support line, that means we're in Phase D of the distribution

LPSY means last point of supply, where supply is huge that btc can't break above and goes down

#analysis

as mentioned before, Wyckoff is applicable on all timeframes

of course, usually the higher the tf the more accurate as with chart patterns as well

now check this Wyckoff Accumulation scheme as I compare it to last night's manipulation movement

following the manipulation selling climax, we have the automatic rally by the market

following which btc showed strength by trading above the midline of the range despite moving sideways

it showed signs of strength as well when it closed above the automatic rally resistance line

shortly after, the "spring" which is a liquidity grab to pump upwards

here's some real-time Wyckoff examples for you! :-)

#learn

however, it can also be a secondary accumulation, where the second half follows the "spring" and pump further upwards, hence we'll have to see if price continuously trades below the midline or if there will be enough volume to send it up

the SOW will then be a spring

huge pump here

so it was a secondary accumulation by the whales

with a spring test twice to gather enough supply to pump upwards

tbh, i wasn't expecting such a quick pump tho o-o

that's a looong candle

oh well, it's a smaller tf so won't be as accurate as the 4h/daily chart!

but thought it'll be a good example to share applications of Wyckoff :-)