btc 15m tf

market structure well respected,

but btc can't quite seem to break resistance

we have to see if a LL is printed here because that might be dangerous

closed my position here as btc is dumping v hard

getting out of the market!

took a loss here, about -90%!

^^^^^

very possible reason to the dump

but of course with such inorganic price action....

there's probably a whale or financial institution shorting a huge margin now

oh well

staying out of the market for now, take a break! 😊

if btc closes below the demand zone on the 15m candle,

you can go for a short

but I won't be trading for now as I have to tend to other matters

so... nfa and atb!

somehow managed to catch the second flash crash here but it was a bit late to text the channel

extremely risky btw please don’t chase pumps/crashes

quick explanation here

after the flash crash into demand zone, the immediate next candle was a bearish spinning top (not a good sign for the bulls)

following which was a green shooting star (i mentioned this before), despite it being green i still see it as a bearish sign

mainly because bears are succeeding in pushing the bulls back down hence the long top wick

there i entered a short with a tight SL as shown in the picture

and i think pure luck that it just took a huge dump hitting 134% in a few minutes

but i hope the explanation does help you in understanding price action

#learn

i mentioned green shooting star here ^^^

some see it as an inverted hammer which is bullish, but i see it based on circumstances, and in most cases if it came from an uptrend, then it's bearish

that's the importance of understanding candlesticks and price action!

bumping this because it's very important in trading

and also, the 15m candle closed below demand zone, so the trade is still valid

stop can be at the edge of demand zone or around 34200

you can aim for the next support around 33600 then 33350

as usual, nfa at your own risk

slightly riskier trade here since it was a flash crash

you can see the bulls are defending this line very very hard

a close below and prices should drive downwards

long top wicks still a good sign for the trade ✅

currently not much volume in the market, do watch out for a possible reversal

might just be sideway movement for awhile

set your stops tight in you're in shorts!

reversal really happened right after tweezer bottom (bullish)

hope your stops were tight!

📈 TRADE ALERT

SNX 1h tf

entered SNX at CMP

lev x20
i'm looking to hold for awhile, possibly overnight

SL: 11.25

reasons:
running independently from btc, largely unaffected by the pumps and dumps, nice uptrend for a long while now

#trades W

running nicely for now

stops to entry

if you're in the trade, exit in profit now

i just did

a telegram group is shorting SNX, so it's best to get out for now

to clarify,

in crypto there are many huge telegram groups that usually coordinate pumps/dumps by entering the market together

so a group with 20k subs is now shorting SNX, hence it's best to stay out for now!

SNX looks pretty strong, will look for a reentry another time

📉 TRADE ALERT

AXS 1h tf

possible h&s forming

entry would be on the retest of the neckline

4h tf AXS is on a nice uptrend, hence this h&s is likely to be a retracement

tp can be 9.1884
leave a runner as it might run further, if we're lucky, final tp at 8.3365

SL would be swing high of right shoulder as that would invalidate h&s

cheers!!

#trades W

📉 TRADE ALERT

ENJ 15m tf

possible h&s, similar to AXS

entry on the retest would be nice, if not then breaking of neckline

potential TPs as shown (but still personal preference on TP whenever you like)

SL would be swing high of right shoulder as that invalidates the h&s

cheers!!

#trades W