COPY1; 9740.1 Percentage in Points (PIPS) = $85k
This is a copy from the original which was created back on 6/24/24. Original says 3weeks TF and I used a 2weeks TF for this copy.
What to look out for:
1. View both volatility contractions
2. Look out how the 1st VC played out. How do you think the 2nd VC will play out?
3. I’ve circled both VC’s.
4. This idea was created before the bottom wick tapped the threshold,
5. Wick met it’s course because this is ATR, it’s a measure of PIPS by using long position,
6. See wick within the orange circle
7. Are both VC’s at equal lows? Why did they meet equal lows and with both saying VC?
8: entry is at $63,166
9. If you had bought high, you would have stayed within the red zone & now it’s moving up
10. This copy is accompanied by a Diamond
My main purpose for this idea is to show volatility contraction. Many had not believed in this idea because their main focus was volume, a crash had been said to happen months ago because of volume and who controls the main volume?
The trend has stayed within the long position because it’s pips measuring. I was taught by a professor trader; NEVER TRADE WITHOUT USING ATR, If I did, id be missing the whole idea lesson.
It’s like knowing how to fly an airplane without a pilot’s license, if so, anyone on board is in great danger.
ATR will teach us where and how but it takes great practice. PiPs measures are not easy.
ATR=VOLUME but must be measured correctly
Hope this helps, give this a like if it only brought encouragement
What to look out for:
1. View both volatility contractions
2. Look out how the 1st VC played out. How do you think the 2nd VC will play out?
3. I’ve circled both VC’s.
4. This idea was created before the bottom wick tapped the threshold,
5. Wick met it’s course because this is ATR, it’s a measure of PIPS by using long position,
6. See wick within the orange circle
7. Are both VC’s at equal lows? Why did they meet equal lows and with both saying VC?
8: entry is at $63,166
9. If you had bought high, you would have stayed within the red zone & now it’s moving up
10. This copy is accompanied by a Diamond
My main purpose for this idea is to show volatility contraction. Many had not believed in this idea because their main focus was volume, a crash had been said to happen months ago because of volume and who controls the main volume?
The trend has stayed within the long position because it’s pips measuring. I was taught by a professor trader; NEVER TRADE WITHOUT USING ATR, If I did, id be missing the whole idea lesson.
It’s like knowing how to fly an airplane without a pilot’s license, if so, anyone on board is in great danger.
ATR will teach us where and how but it takes great practice. PiPs measures are not easy.
ATR=VOLUME but must be measured correctly
Hope this helps, give this a like if it only brought encouragement
Note
Here the original idea from before. We can compare with this copy version.
Note
Remember traders, 1k to 2k uptrend give or take. Can be lessor or greater. Then comes another minor correction but it can delay.
Smart money may want to push up the price more before a correction.
Correction should not be lessor then from where it started.
Then I conclude after this minor correction to maybe 1k to 3k, then the 4D false breakout pattern will start its BULL RUN which is the 6th current candle.
$59,836 is resistance yet may or may not surpass it and the trap is at
64K but will continue to move up.
Whales know, we know about this. There might be minor changes in the mentioned price but it’s nothing I consider to worry about because TA reads and shows were in the last wave.
BITCOIN will show BEARISH SENTIMENTS at a later time but it’s just a smart money action.
Note
FYI: A BULLISH DIVERGENCE reads as n a daily timeframe.
We may see instead a 3k plus surge. This is part of the false breakout idea pattern.
We’re on the 6th candle BULL RUN. Don’t forget about the 2WK TF BULLISH HIDDEN DIVERGENCE BULL RUN CANDLE that’s bullish engulfing is in process
Note
I now have a sell signal on a 1HR TF yet does not mean uptrend is over. Note
The 1 HR TF sell signal was detected from a smart money dump.
This indicator was coded for me since yesterday in which it’s still in the process of backtesting.
Note
1D TF has a Smart money buy and reads to a certain higher target. Please allow me to unveil later, because I don’t want it changed. FYI: it comes with a later fearing dip afterwards but will make a much higher price. Many will be happy at the results.
Prepare ALTS.
Remember prices change hourly
Note
From $57,307 from when the daily candle opened yesterday; ATR reads on a daily timeframe $2,815.01.
The Math would read $57,307 + $2,815 = $60,122.
Note
BITCOIN is near $60,122 and 1:30pm pt, the day traders will exit, we should expect price to reduce or consolidate.
This all depends.
Or will BITCOIN keep moving up and break the rules, after all WHALES are RULE BREAKERS.
Note
ATR price target was $60,122 and only made it to about $60,025.
This is where I would pull out If I was a short term investor
This is great practice if this was to be the area zone of a crash
Can it go higher? Sure but I should never have in mind; MAYBE WILL GO HIGHER, no maybe’s
Note
I’ve also added a spoofing signal to my trading, this will let us know if smart money has spoofed the volume which really means a crash fall is near
It’s still being back tested
Note
BITCOIN has a spoof signal at 12 pm pt. So some volume that’s been accumulated after 12pm pm pt is false, for this reason BIT is struggling and retail is buying and will consolidate. This is only on a 1HR TF. The higher the worst. Note
On the next move, BTC will rise higher than 62k Note
This reads to last until further notice. So far there is a spoofing signal on a 1HR TF. Very soon there will be more.
All this bull momentum is extra.
This are the BULL RUN CANDLES from the 4D TF false breakout pattern and 2WK TF BE bullish hidden divergence
Note
ATR reads on a 2D TF $4,372.56 so I will deduct $2,815 = $1,557 this is the difference from $60,122Note
From last comment, that would leave BTC making it to $61,679 but don’t count on it, it’s a possibility. BIT needs a pitstop rest. Note
ATTENTION TRADERS: Will 64K be the end? The answer is NO.
WHALES know we know
64K is a trap zone because they prepared a BAIT contraction. It’s called the FOREX PATTERN.
They know many will sell at
64K but two things will happen
1. They will surpass
64K
Or
2.
64K will end up being the trap and BITCOIN will correct by very little but listen very carefully, BITCOIN (not maybe) will go far beyond 64k.
As of now, BITCOIN needs to relax and after a minor correction, BITCOIN will then start the BULL RUN I’ve mentioned to all before.
Note
This indicates we’re in the last wave. It’s very critical to understand what we have coming next.
We’re going to have such a BULL RALLY that the whole UNIVERSE will claim BITCOIN to reach over 100k but at a later time.
Neither will I say never but in my whale study, they always turn into a different direction. They never follow the HERD. They actually want us to think the opposite of how they think.
For this reason the TA and volume was manipulated. Now, how do they have many thinking?
BEARISH, when there’s actually a BULL in process.
Who remembers when BITCOIN reached ATH? What did the herd say? 100k
What happened after the herd said 100k? Smart Money crashed the price to around 48k.
As of now, I’m on the BULLS side due to BEARISHNESS. I will always oppose what the TA read’s because smart money always has a different plan.
I’ve been working with smart money movements for a while and I’m still learning and getting better day by day.
When I look into the smart money system, it’s always so very different than what the TA reads.
So please bear with me, I understand many have different opinions as we all work together. Remember it’s us against Smart Money and I will do whatever it takes to help us out.
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