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!!

i usually don’t like to give TPs as I believe that you should take profits whenever you think it’s enough and that you should always dca profits out!!

so if you’re in my trades with me, take profits whenever

for those new to my channel,

here are some terms i often use!

SL - stop loss
TP - take profit
CMP - current market price
H&S - head & shoulders
SOS - sign of strength
SOW - sign of weakness

📈 TRADE ALERT

BNB 4h tf

it finally broke out of an ascending triangle formation

will be buying some in SPOT for a swing trade here, no leverage

very bullish here on BNB it has showed strength the past few days every time btc has a run up

TP: none (personal preference)
SL: 296

swing trade - trading on low/no leverage and holding for DAYS

#trades W #swing

dropping down to BNB on a 15m tf,

we're looking for a retest on the level of 314.16

entering a long on the retest would be good

if not, it's okay to miss a move as well

do keep an eye out for bnb

if you've benefitted from this channel in trading knowledge or profits, please do help share the channel! :-)

t.me/cryptomumbles

to the top with you,
cheers!!

btc 15m

nice hammer close, looks like we're going up to test the resistance again

this support does not look very strong to me, there's a chance of breaking, possibly if we fail to break resistance again

keep your SLs at entry or SL+ if you've not done so

overall still bullish today 📈

as expected, the support couldn't hold

it's starting to break down without a second retest of the resistance

closing my long positions in full here

will look for a good entry to trade again

📉 TRADE ALERT

SUPER SUPER risky trade here trading against the trend

but I'm going for a quick scalp shorting BTC at cmp

SL: 34832
TP: 34550

reasons: support looks weak as mentioned, 15m candle closed below support breaking it, betting that price will fall back to the next support, nice RR of 2

#trades W

as shown

please set TP and SL as the move to TP might be a quick wick, SL to cut loss since we're trading against the trend here

once again SUPER risky trade*****

pretty interesting that the previous 2 green candles do not have a bottom wick

around 85-90% of candles have both top and bottom wicks

shows the bulls are fighting pretty hard to close back up into the support zone after losing it to the bears

however the previous candle is something i would still consider a shooting star despite it being green as the long wick tells me the bulls are losing steam with the green body getting smaller

but i can only confirm it after seeing this current candle's price action and close