Today, I am going to try something different. Let's make a Bottom Bounce Indicator. What is a bottom bounce? Bottom Bounce is a move I saw when analyzing a massive drop. The move caught my eye and has become a staple in how I find and catch a falling Knife. I have my weaknesses and demons just like anyone else. I am severely impatient and extremely an emotional...
Shooting up +10% to liquidate. Shooting down immediately after -10%. This is a problem in the market. Or maybe we can continue the conversation? Why does this happen? Is it always a pervasive force or are there benefits to such action that are unforeseen to me? I truly would like to learn more. Because - to me - this does not represented a healthy market. It seems...
Opportunity for a massive short squeeze. Need volume to confirm a short squeeze is taking place. Stop below today's low. Short float >20%. You don't need to know what's going to happen next to make money ~Mark Douglas Lose like a pro and keep trading, or lose like a novice and quit ~Mark Ritchie
False breakout patterns are one of the most important price action trading patterns to learn, because a false-break is often a very strong clue that price might be changing direction or that a trend might be resuming soon. A false-break of a level can be thought of as a ‘deception’ by the market, because it looks like price will breakout but then it quickly...
Massive rising wedge and double top = Gold to the gutter from here
I dont know who came up with the DOGE pump and dump but boy did this one go. Even Elon Musk helped inflate this bubble. What you see here is basically a rerun of 2017/2018 when brand new investors flocked into whatever coin the "people" were buying. DOGE is not "the peoples coin." If your seasoned in crypto you understand that Doge holders are majority 4chan...
Been around 2 weeks looking at this cryptocurrency and I honestly see a great future for Verge. Not many cryptos have this price action, and buying in disbelief is one of the best opportunities when it comes to an emotional market. This is my point of view of the market, no one has the truth when it comes to speculate the market.
I got cutoff in the previous part of the breakdown and this is the rest of the breakdown.
Psychology and emotions that go along with this setup and how I was feeling at the time. Including the breakdown of this trade.
Emotional dumping. People overreacting to weak inflaton figures on the usd (what a surprise bla bla bla ) whatever. I think it could end soon. Max target almost 3% up which is 3 ATR Max stop loss 1 ATR down But I aim to get out in the next 24 hours. These are just the "max" in case something goes really wrong. (After this strong selling I expect a strong...
Hey, fellas... Enjoying the Matrix? I´ve been checking the king charts, and honest... We are really weak to keep growing up. The bankwhales has the full control this year... To get real fuel to rise up safely, the triple bottom on the blue major support is the way, in my thoughts! Since the ATH, we had several descending tops, and the USD5900 support tested 2...
Bitcoin BTCUSD has been in a Bull market since its reversal in late 2015, breaking the prior 1.5 year downtrend. Since then, we have broken $300 -> $500 -> $800, and we're currently on our 3rd leg up. Expecting this leg up to have another 2 weeks left in it, and able to bring us up to 1250-1400 area. A break above previous ALL TIME HIGH (1150) will signal a...
AFTER MAKING THE TRADE OF THE DAY, I FELT BAD AFTER FOUR LOSSES IN A ROW, WHICH IS NOT BAD AT ALL BECAUSE IS NORMAL IN MY SYSTEM, BESIDES THIS I DECIDED TAKING ANOTHER TRADE WHICH IS NOT IN MY SYSTEM, AND THIS MADE ME GAIN A SMALL WIN WHICH STARTED EMOTIONS ON MY THAT MADE ME OPEN TWO TRADES MORE IS ORDER TO AVOID LOSSES. BESIDES I ENDED ON A PROFIT FOR A SCRATCH...