Long

HAMMER TIME

Updated

1 day Triangle also reads Volatility contraction. Gap must get filled. 1Day pattern weighs. We may have some retesting soon as I said this morning. Triangle reads around the $33,737. Don’t count on this just yet.
Smart Money plans to plot many. BTC has some great hammers. 1 in the process. Bottom yellow wave seems to be coming together with the top wave, if so, except a spike.

Do not forget about the rising wedge death penalty. don’t get caught off guard.

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Think of this awesome ideA. We all know smart money is in it to take dumb moneys money but there are times they come out evEn but it’s very unusual.
Let’s say this was an 85% true. This would mean 15% of dumb money are profitable.
On the other side of this token is this thought; If dumb money could only study and get better at trading. Traders would not have to wait so long for coins to spike. It’s a theorY because if smart money would be at least 50% profitable rather than 85%. They would actually move the market up very often.
For this reason I’ve learned not just to invest as an airhead like in my past history. Sometimes it’s important to wait even if the coin seems bullish and while waiting, take every moment to learn price action, volume, patterns etc.

So as of now, why a delay for BTC?
1. They can’t come out with enough volatility for them to keep
2. Smart traders aren’t selling
3. They love to stress traders to give up their trading income yet no success to their satisfaction greed
4. We get a few spikes but only to entice traders and smart money lie in wait for them to hate waiting then sell for a loss

For this reason the Bull market will Be ready when it’s ready.
Forget about inflation and federal interest rate hikes, to me it’s all rubbish. They make it seem as if it’s part of the crypto market.
It’s smart money who control the crypto market and other stocks.
A little but just a tiny little may come into play from Nasdaq, SP500 etc. I can’t sit here and explain the root of it all.
For this reason from all above said; pay attention to the Bankers contraction FOREX MASTER PATTERN.
Forex master pattern will show you it wasn’t inflation or federal rate hikes which caused the markets to crash. It was Smart money whom was in agreement for the fall.

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FOREX BTC MASTER PATTERN.

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In agreement

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Time cycle

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50% more because smart money buys have stopped while the selling smart money group has a still pause.
Many factors, keep an eye on price action and volume.

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Still pause meaning very little selling by smart money. If they sold dramatically, BTC would dip BIG.

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Entry is at $27,238, has to touch the 1 hour gap.

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Never buy while a bull in process, I’m learning who’s isn’t the way to earn smart profits. Buy at a swing Low but first test if that SL is the correct entry.
The correct entry as I’ve tested is at a $27,238 weak low proven gap 1hr.
I’d rather miss out than to be in consolidation.

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This does not change the fact for the great Fall. Remember short trades for Bear season.

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I know many of you would love for me to say; BTC is going to the moon. It will but patience is required. Be careful on not believing every chart out there reading moon time neither crashing.
BTC is balanced out.

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Entry is at $27,228

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I’m eye balling smart money, don’t get deceived. Many got enticed today and will have to wait until the next spike. Some of those traders have maybe sold for a loss and others are planning to do so as well.
Smart money will try and do anything to pocket our hard worked income. They wont steal it: instead they will plot.
They are keeping everything to the edge. I’m learning to follow them in order to gain the most.

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Waiting for shift change since it’s reached gap at $27,238

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Error almost hit $27,238, must tap the gap before even a shift change is considered

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Fare enough, once it hits $27,550 it’s a shift change. It’s a good entry

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Resistance $28,602 but I must make sure there isn’t a shift change in going downhill. Since I know BTC has a fall.

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Must be $27,550 for entry stick to my guns

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This would now be my entry. $27,550. Proven shift change. On the other hand, smart money is buying big little by little.

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Smart money sold a little, no biggie, what’s important are the buys. Plus it’s been proven confirmed entry of shift change. The selling side of smart are careful. Seems like they are waiting to see how smart money buys come along.
They are also taking into consideration the enticing of dumb money, many sold for losses thinking BTC is doomed and now the losses are for those who bought at the same time smart money made their entry which was the gap.

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When triangles are on the move and once shift change confirms at $28,300, It uptrends sky high.

The_ForexX_Mindset

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