If you want to be a good trader, follow these steps:
1) Master Risk Management
2) Paper trade for a year
3) Once your profitable paper trading, apply to spot trading
4) Once you have a sizable portfolio, use <10% towards leveraged trades
Most start all in at step 4.
#Bitcoin
Thanks for playing. Enjoy the summer! 🍻
Still waiting for signs of a breakdown before I hedge a short position, everyone is still too busy getting liquidated.
#bitcoin
@MuroCrypto
Don’t fall for this garbage. Muro is shilling a coin that he created so that he has exit liquidity. The worst kind of person takes advantage of people’s hopes of making a false fortune.
Hope you guys enjoyed the summer! Golf season is almost done so I guess I’ll trade or something. I’ll be back on discord again soon.
Almost at our target. I’ll wait for the bearish divergence before cutting profits.
#Bitcoin
It’s been very boring
#bitcoin
PA these last 6 weeks. So I’m out enjoying the summer while it’s still here.
Nice hold so far on the box and daily close yesterday. No changes to the plan yet. 36k remains the target but downside risk remains high.
Lots of concern I’m seeing about
#Altcoins
not performing well against
#Bitcoin
.
Not sure how many were here the last two cycles, but I’m seeing exactly what I expected which is why I haven’t rolled into Alts just yet.
It took 3 months after
#BTC
tagged previous ATH before
Sorry for the absence everyone, I got the big C so I will be dedicating my time to my wife and young kids while I go through treatment.
I'll update HTF when I can.
Please keep up the fight legends and manage your risk, remember no one went broke taking profits.
#Bitcoin
Selling 50% of my BTC holdings here. This concludes our 3rd trade on the impulse from 16k to 52k.
Strategy now is use these funds to invest in alt coins and lend USDT for passive income.
There's more upside to come I think, still no distribution pattern formed.
@MuroCrypto
Don’t fall for this garbage. Muro is shilling a coin that he created so that he has exit liquidity. The worst kind of person takes advantage of people’s hopes of making a false fortune.
Just reached 5k followers!
Big thanks to everyone, I started sharing some of my experience in hopes that it can help others during this difficult bear market. I just hope some of my content helped some of you avoid getting rekt!
I mentioned that 26k is beginning to look more probable. I’ll make that the target but I’m saving my entry for 25k because of my blind re-entry on the cross.
Advice from an old trader: Remember to put your mental health and risk management as
#1
priority.
Almost all 100x returns posted on CT got there because they are shilling their following. I know a lot of you are finding it difficult seeing these returns and are desperate for
Thanks for playing. Enjoy the summer! 🍻
Still waiting for signs of a breakdown before I hedge a short position, everyone is still too busy getting liquidated.
#bitcoin
Took some time, but got our entry. Looks like there’s opportunity at $23,900 but I’m not here to catch knives.
Plan was to accumulate, we did by selling the $16k entry at $29k and buying back now.
#bitcoin
🧵Harmonics Cheat Sheet:
One of the primary ways I trade are using harmonics in unison with my EW theory.
One simple rule with harmonics. DON'T TRADE THE PATTERN.
Trading is about putting odds in your favor as often as possible in order to be profitable over time.
#Bitcoin
Wyckoff update!
I gave you the markdown analysis and the accumulation analysis (while we were in accumulation) and suggested back in November 2022 that we are heading towards the markup stage.
Now that we have obviously reached the markup, below are the notes and
Here's some mind numbing notes on Wyckoff and where I see we are at in this Trend Cycle.
Part of my studies have been to always apply Wyckoff to a medium timeframe analysis as I find it's helpful determining TC.
First was our markdown phase, I believe this period to be over.
Happy Friday!
#Bitcoin
Not much this week. We sold $47,400 and bought at our target of $39,159 which held. Now I can set our final target $52,300. Probably by end of Feb.
Have a good weekend!
Slight adjustment to targets from recent price action. I’m not in a short position, but I do think we see the trend come down from here before we play in $50k range.
Blew the top of the box a little, but my bias remains the same for a correction here.
We made a decent short entry in the group. I’m expecting inside 33,500 to be a good area “IF” we get another pump to 40+k.
Nice reaction off our target so far, still not in the clear from a potential leg down to sub 36k but probability of it has reduced.
Enjoy your weekend!
#Bitcoin
Slight adjustment to targets from recent price action. I’m not in a short position, but I do think we see the trend come down from here before we play in $50k range.
Happy new years everyone!
Choppy road to 45k as we anticipated. Now I’m expecting a sweep to 40k then a clear path to 50k next.
I’ll update you if I see any invalidation.
#bitcoin
Upside to 41k it is then. Downside liquidity grab would have been nice, but to be fair I wasn’t confident.
From here I’m expecting a choppy road to 45-46k before correction. Nothing tradable until we reach that point.
#Bitcoin
Thinking we see something like this for BTC next. So far it's been following the plan really well. If we get the 25k target I'll dump my profits back in.
#Bitcoin
Looking at
#Bitcoin
HTF, I'll be closing our $16k long position at a target of $85k. From there I'll be re-balancing my portfolio towards mostly stable coins for passive income and evaluate the market cycle.
Confirmation will be a bearish divergence, 3 weeks after closing above
In our target area. Price came down faster than I would have liked which means RSI is above 30 on the daily still. That to me indicates a potential one more leg down before upside.
I’ll give it a couple days to settle before making a move.
#BTC
Slight adjustment to targets from recent price action. I’m not in a short position, but I do think we see the trend come down from here before we play in $50k range.
Going to take some profits off our long position around $27,200-500 range and see if we can invest it back in around $25,700 (indicative for now).
Ultimate target is 36k.
#Bitcoin
Took some time, but got our entry. Looks like there’s opportunity at $23,900 but I’m not here to catch knives.
Plan was to accumulate, we did by selling the $16k entry at $29k and buying back now.
#bitcoin
Solid entry so far on
@lukso_io
. I’ll feel more relieved when it breaks $9.00 but I’m eyeing much higher.
My first HTF target is $80.00 (2x ATH from last bull cycle) with scalps along the way to accumulate more $LYX. This will end up being a long hold.
Excellent fud push into oversold territory on
#lukso
this month. Only a few good alts have a nice entry point left in this market.
Taking a long position here for an easy scalp. SL is invalidation. Selling pressure looks exhausted.
Got the sweep, now follow the plan. Longed
#Bitcoin
at $57,400.
Breakdown below $51,700 spells trouble, at which time I will look for an exit strategy. 53k remains an extended target.
#Bitcoin
update:
Not much has changed. We are still holding our second long position from $61,800, waiting for a potential move to the weakness area of sub 59k before increasing our exposure again. Currently sitting at about 30% USDT, that's up from 19% by taking profits from
Target area is failing, price action is printing more of a continuation behaviour than reversal.
In this case harmonically it makes more sense to rebound at sub $67,500 which also puts our next target higher in the 80k area. Sooo good news bad news?
Enjoy the ride. ❤️
Got the sweep, now follow the plan. Longed
#Bitcoin
at $57,400.
Breakdown below $51,700 spells trouble, at which time I will look for an exit strategy. 53k remains an extended target.
Sell the news and buy the fear is an actual strategy that has merit.
Market makers employ influential people to make market noise to stimulate sufficient market activity to buy and sell in large quantities without causing significant market fluctuations so that they can
Got the sweep, now follow the plan. Longed
#Bitcoin
at $57,400.
Breakdown below $51,700 spells trouble, at which time I will look for an exit strategy. 53k remains an extended target.
$LYX testing that volume downtrend on a weekend, looks like the start of a selling climax to me.
I’ll be buying this asset in size when there’s a show of strength.
@lukso_io
is the most underrated project in crypto.
Now that we cashed in profits from
#Bitcoin
I will share some of my alt coin positions made this week, My new BTC allocation is 21.92%.
Before I begin I need to be transparent about my investment strategy:
- I think this alt coin season will be nothing compared to 2021.
Fully out on this trade, happy to take a haircut shy of target $28,900 before FOMC.
Good work anyone who followed this trade. Time to open the premium stuff! 🥃
#Bitcoin
Sorry haven't had a lot of time for updates. We nailed the last move up in the discord, but now I'm thinking there's a good chance we get another leg up to $28,8 before coming down to $25k.
Still watching and playing the HTF. Good luck legends.
#Bitcoin
I'm taking a cautious look to take a short position around this area. Acceptance above 28k would give indication to exit. Aggressive buying power and I wont bid. Sub 25k remains the primary target.
#Bitcoin
I've assessed my risk tolerance, make sure you do too.
Added this little hidden gem $RMRK to the portfolio. It’s the most advanced NFT system and compatible cross many chains. Makes for good GameFi exposure too.
Starting to have a show of strength on the weekly, I’ll look at first TP at around $11. Higher risk bet, but much higher
After the recent dump, most alts are sitting on their last point of support and BTC.D is showing signs of exhaustion against alt pairs. It took 40 days from breaking an ATH to 'peak' a local BTC.D high, where last cycle it took 34 days.
The market never repeats itself, but
I'll try and reiterate this point. Alts are not a good buy yet.
"It took 3 months after
#BTC
tagged previous ATH before altcoin season started." It's been a little more than 1 month.
We have time to invest into alts. If you're looking for exposure don't be eager to dump into
I'm still waiting for confirmation on this, maybe 3-5 weeks and we will have a better view.
If we get a clear distribution here I'll shed profits from alts anticipating a move down and size up on the green line. Until then I'll take a look through everyone's recommendations and
I meant to remove my bids but I’m not paying enough attention. I sold my position at 35,905 but >36k looks promising.
Next point of interest (depending where we plateau) is around 32k. I’ll update as price progresses.
#Bitcoin
Hope you guys enjoyed the summer! Golf season is almost done so I guess I’ll trade or something. I’ll be back on discord again soon.
Almost at our target. I’ll wait for the bearish divergence before cutting profits.
#Bitcoin
It’s entertaining to see how greedy bears and bulls get. We were pumping and CT was calling 100k next, now we dump and CT calls sub 50k next.
If you want to know why you’re always sidelined and holding massive dips, it’s because you’re listening to CT.
This is basically the path I’m watching for
#Bitcoin
Rejection after around 26k will be confirmation. Once CME gap is filled we should have a clear path to 28k.
#Bitcoin
update:
Not much has changed. We are still holding our second long position from $61,800, waiting for a potential move to the weakness area of sub 59k before increasing our exposure again. Currently sitting at about 30% USDT, that's up from 19% by taking profits from
Took some time, but got our entry. Looks like there’s opportunity at $23,900 but I’m not here to catch knives.
Plan was to accumulate, we did by selling the $16k entry at $29k and buying back now.
#bitcoin
Thinking we see something like this for BTC next. So far it's been following the plan really well. If we get the 25k target I'll dump my profits back in.
#Bitcoin
Sorry haven't had a lot of time for updates. We nailed the last move up in the discord, but now I'm thinking there's a good chance we get another leg up to $28,8 before coming down to $25k.
Still watching and playing the HTF. Good luck legends.
#Bitcoin
Good morning, hope everyone e had a nice weekend!
After a small round trip on our
#Bitcoin
support held up and I’m thinking we see a sweep up the buying climax now. A reduced volume pump (increase in volume spread) would confirm an upthrust and potentially a show of weakness to
The other day we adjusted our
#Bitcoin
target to $60,300 from our initial 65k from 5 days ago. It’s closing in now and sellers are beginning to look exhausted.
This area is a fine spot to start loading back up for in case we get a potential push to 68k next, 75k is the higher
#Bitcoin
OTC trading volume on Coinbase alone is between $1-10billion per day. That’s over the counter only, and it has almost no impact on market price.
You’re out to fucking lunch if you think the Silk Road supply of $2billion will have any impact on price.
Starting to see some in CT finally see 39k as a good target. But that didn't stop us from going on a couple days ago in the group. Let's see if this plays out.
#Bitcoin
Happy new years everyone!
Choppy road to 45k as we anticipated. Now I’m expecting a sweep to 40k then a clear path to 50k next.
I’ll update you if I see any invalidation.
#bitcoin
Happy Thursday! Here's our LTF outlook for the week ahead:
#Bitcoin
- Weak retrace on (C) didn't break 38.2%, I was expecting above 61%.
- I anticipate one more leg up to shake out impatient shorts.
- From there correction to consolidation area before pushing 52k.
Happy Friday!
#Bitcoin
Not much this week. We sold $47,400 and bought at our target of $39,159 which held. Now I can set our final target $52,300. Probably by end of Feb.
Have a good weekend!
Target area is failing, price action is printing more of a continuation behaviour than reversal.
In this case harmonically it makes more sense to rebound at sub $67,500 which also puts our next target higher in the 80k area. Sooo good news bad news?
Enjoy the ride. ❤️
If you regret missing a lost opportunity, you risk becoming the liquidity.
Social media has done society an injustice giving the spotlight to the few who only got lucky and not enough attention to the majority who didn't.
Kill the noise, manage your risk and invest wisely.
No changes to
#Bitcoin
outlook on a lower timeframe. I’m in observation mode waiting for an appropriate HTF Wyckoff distribution pattern to form which could take another 3 weeks.
LTF: Next area of interest is the green box.
#Bitcoin
update:
HTF target reached and some rejection at the box. I’m not anticipating a strong pull back, but taking out some of that liquidity below would be healthy before continuing.
Right now I’m observing if this is the buying climax or another re-accumulation.
I’ve
Got the sweep, now follow the plan. Longed
#Bitcoin
at $57,400.
Breakdown below $51,700 spells trouble, at which time I will look for an exit strategy. 53k remains an extended target.
How do you spot a shilled coin?
Easy. Look at the low life CT's with 500k+ followers pumping low caps from $319m MC to $1.2bil in less than a month like $AGIX.
93 on the RSI14 Daily is death. and they are still making suggestions how "poetic" it'll be to see it keep going up.
My assumption for altcoins to avoid or attract this cycle is mostly focused on developer activity. You can get all the information you need from the developer report.
Notable projects to avoid:
- Cardano $ADA
- Ripple $XRP
- Algorand $ALGO
- Solana $SOL (extended and dev's
I know I’m supposed to be on break, but I’m still posting for the group. I posted yesterday a
#Bitcoin
target of $65k, looks like we are getting that move now.
Happy Friday!
Retaking the preliminary support (psy) will be the bullish confirmation I’m looking for to make new highs. Good start with a strong reaction at the box!
Have a good weekend everyone!
#bitcoin
Happy Monday $70k!
How are my bears doing this fine day?
Still not seeing any signs of strong volume, makes me think this is just an upthrust and not re-accumulating. We won’t know until we see how it behaves at 75k.
#bitcoin
Got the sweep, now follow the plan. Longed
#Bitcoin
at $57,400.
Breakdown below $51,700 spells trouble, at which time I will look for an exit strategy. 53k remains an extended target.
There’s thousands of low cap projects and <1% of them had a chance of doing 100x from 3 months ago.
The lucky few CT influencers that called the right project was blind luck, nothing else. Don’t get caught in their trap.
#Bitcoin
having a weak low volume move, usually ends with another dump. Green box is next point of interest, however we already have our LTF long from 61,8k so I’m saving my capital for the rare chance we get a 57k sweep.
I continue to see a lot of people sidelined asking where
The other day we adjusted our
#Bitcoin
target to $60,300 from our initial 65k from 5 days ago. It’s closing in now and sellers are beginning to look exhausted.
This area is a fine spot to start loading back up for in case we get a potential push to 68k next, 75k is the higher
The other day we adjusted our
#Bitcoin
target to $60,300 from our initial 65k from 5 days ago. It’s closing in now and sellers are beginning to look exhausted.
This area is a fine spot to start loading back up for in case we get a potential push to 68k next, 75k is the higher
I know I’m supposed to be on break, but I’m still posting for the group. I posted yesterday a
#Bitcoin
target of $65k, looks like we are getting that move now.
I can confirm the rumours are true. OTC supply is thin. My broker said they are out of
#Bitcoin
supply and handing out rations. Supply shock is just around the corner.
He made a good point though, miner difficulty is sky high not making money, so they are holding back supply.
Pain will come, but never as you expect it.
Downside targets are set, but another sweep of early bears liquidity is very likely before we see the move.
This is not a good spot to load short positions as a HTF trader. Profit taking only. Green box is next POI for me.
#Bitcoin
I actually have an idea for my followers to help you not get schilled this cycle. Worst part of last bull cycle is how many people lost everything by participating in CT’s exit liquidity. I have a simple ratio.
=If(Market cap/followers = >2,000) you’re being schilled.
If
How do you spot a shilled coin?
Easy. Look at the low life CT's with 500k+ followers pumping low caps from $319m MC to $1.2bil in less than a month like $AGIX.
93 on the RSI14 Daily is death. and they are still making suggestions how "poetic" it'll be to see it keep going up.
#Bitcoin
update:
HTF target reached and some rejection at the box. I’m not anticipating a strong pull back, but taking out some of that liquidity below would be healthy before continuing.
Right now I’m observing if this is the buying climax or another re-accumulation.
I’ve
Happy Friday!
#Bitcoin
Not much this week. We sold $47,400 and bought at our target of $39,159 which held. Now I can set our final target $52,300. Probably by end of Feb.
Have a good weekend!
I don’t really do the ff thing, but the ones that are worth following are the guys that have honest entries, share losses and educate set ups. Only two I’ve seen do that well are
@KenCharts
and
@follis_
“Past performance” as an indicator for future results, I think is the greatest fraud to our next generation.
Past outcomes do not reliably forecast future events in the ever evolving tapestry of time. I have sincere concern for our next generations financial future.
I can’t believe I got front run again. I haven’t hit a single retrace target all year. Off by $106 this time lol.
It ain’t over until we see that volume downtrend break. Until it does,
#Bitcoin
is looking exhausted and needs a drink of liquidity.
I know I’m supposed to be on break, but I’m still posting for the group. I posted yesterday a
#Bitcoin
target of $65k, looks like we are getting that move now.
The last time
#Bitcoin
had a 7 month winning streak was September 2012. This March needs to close $61,300 to tie that record.
This is the first ATH made before halving. The market has FOMO’d too early,
@CryptoCapo_
even turned bullish. Consequences can be had for that, stay
From my observation, the 2020-2021 bull market and 2022 bear market has created an unprecedented FOMO on both ends.
Missing out on growth opportunity.
Missing out on cheap prices.
All this to forfeit risk management over profits. Ultimately, most will lose.
There’s no bearish divergence yet on the H4, but this is a nice spot to take profits if you’re following this trade.
Still too risky to hedge, it looks like 28k might be a better spot to look for that opportunity.
#bitcoin
Took some time, but got our entry. Looks like there’s opportunity at $23,900 but I’m not here to catch knives.
Plan was to accumulate, we did by selling the $16k entry at $29k and buying back now.
#bitcoin
Nice
#bitcoin
low volume dump into the target zone. Might get a fraction lower because of the sudden move, but I would look for some stability to strengthen here.
Lots of buyers looking for entry, usually means those looking for deep retraces end up sidelined again.
Talked about this in the group earlier. I’m expecting a support test at the preliminary support established back on March 5th.
Target is green box, then we should see the impulse move.
#Bitcoin
$lyx This is my first blunder of the year. Hard to lose money in an up-only market, but I managed to. I speculate there must be some foundation selling happening to pivot a marketing strategy, usually a very strong buying opportunity.
I’m still a strong believer in this
Solid entry so far on
@lukso_io
. I’ll feel more relieved when it breaks $9.00 but I’m eyeing much higher.
My first HTF target is $80.00 (2x ATH from last bull cycle) with scalps along the way to accumulate more $LYX. This will end up being a long hold.