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 :-)

and also back into the triangle we go!

📈 TRADE ALERT

taking a small margin long on btc at cmp

i'm expecting to average down a bit more, but buying in now just to potentially catch further movement up

SL: 34000

reasons: btc has soared well and captured some nice resistance levels, market sentiment is up as well, and finally btc went back into the triangle and out again (possible breakout)

unless we are manipulated back into a dump, i think this trade can be promising

#trades W

📈 TRADE ALERT

taking a small margin long on DOT at cmp

i'm expecting to average down a bit more, but buying in now just to potentially catch further movement up

SL: 15.2

reasons:
nice inverse h&s, with a resistance level captured, as well as bullish sentiment on btc

you can wait for retest on neckline as well

creds to @suho_kun for sharing this trade

#trades W

there we go already!

that was very quick, nice profits in a minute or two!

shifting my SL to entry here after taking profits making it risk free

if it pulls back, i’ll re enter on pullback to neckline

one more W trade for the books 🥳

wow DOT really going for it

first 100% for the day :-)

taking 50% profits here

cheers!!