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💦 $MSTR filled (most of) the gaps [$BTC's time to get Bullish?]The power of gann fanns, fibs and gap analysis doesn't continues to impress me more and more everyday! Sure, one can't really know what the future holds, and this weekend and 2 next weeks leading into the Jacksonhole FED announcements might spill more blood in the streets, but in my best estimation, it's really time to start getting bullish again! The signs are there that the liquidity bubble is being filled, gap by gap. So if you're not accumulating at these levels, you're definitely making a mistake! What the video for more explanation of my thoughts on what we're seeing in the charts with technical analysis ... what follows is more of a soapbox brain dump than anything. As I predicted last week, we were in for either one of two clear scenarios. A) we fill the gaps up in the $300-350 range left behind in August. Or B) we fill the gaps down in the 200-250 range, which we were opened back in July. It was 50/50 which way we might go at my last estimation, and the market has decided to fill the punish the bull's this month a bit more, and keep the apparent bearing momentum driving home. We still DO HAVE ONE **nasty gap** remaining down in the 100-120 range too, which is a 50% drop from current levels! OMG! Painful to thunk... right? If these gaps do almost always get fill though... mustn't it be accepted and acted upon as fact? sometimes they're filled in a day, sometimes in a month, sometimes in a year. Sometimes in 10 or 20 years... only when we really have a serious depression on hands... eventually! Hard to say... And so maybe we've hit the bottom for now, maybe we're not. But the closer we get, the strong the gap's magnetic pull might be... so... either way, as $MSTR is getting it's ass handed to them now with all the bad news, Michael Saylor lawsuits and more... it feels like maybe we'll get through the $100 gap sooner than later... and $BTC holders will suffer as a result, unfortunately. But tis' life. ACCUMULATE ALL THE WAY DOWN! and BE CAREFUL WITH YOUR LEVERAGE! DCA in and take your profits along the way on the pumps. So where is the signal to get bullish in all this mess? Well. There's only ONE BEARISH GAP LEFT ON THE CHARTS. *Look* at all the gaps left now on the upside!. So we will see scenario B) play out, sooner than later. That's the reason to get bullish, ofc! Anyway, it's the reason I'm getting bullish... since I believe that all gaps will be filled (market makers... make the market, and will move it back to where they've left liquidity on the table...) and i'm accumulating! I'm betting on it that $300-350 get filled. Also that we will see $390, $490, and all the gaps back up to the tippy top around $1200 filled as well. Or is it just coincidence that Blackrock and other massive investment firms have been buying up $MSTR in massive quantities? Are they not just as likely pushing the price back down and scooping up our shares and FUDing us so we sell them ours? (I mean... don't you think!?). Look at the SEC filings; look how many companies now own more than 7% of the public float of $MSTR. Do you really think they're making a losing bet? I don't, they have deep pockets... very deep pockets. What feels like pain to us, is just stacking sats to them. The patient will win. And we all know there *is* a bright future for $BTC. Nothing, fundamentally, nothing has changed in that thesis.... at all. Sorry for such a crappy write up... but my day's coming to an end. Wanted to share my thoughts... hope they at least gave you something to think about, even if you disagree. :) Thanks for reading! Be safe out there!
FTX:CROUSDLong
by calmrat
🙀👀💪 Huge moves incoming! [$DXY $CRO $BTC price divergence!]Currently Holding: $CRO LONG Trading targets for the day... LONG distribution (taking profits) in the .1250-.1260 range, with short accumulation in the .1270+ range, expecting still a pull back to .1230 and below in the coming 24-48h. I don't believe the market makers and whales are quite ready to raise asset prices for us small fish... Stop losses are around .1225-.1220 range, with an expectation to begin accumulation shorts in this same area again if we don't reverse in that range and recover .1230 as support. LONG accumulation zone will be .1180-.12 zone, with initial LONG buys at .1208-10, as this does indeed appear to be the current floor price attracting the most accumulation volume as of this week. Very interestingly, $DXY is out of whack today, signaling to me that a change in the direction is upon us. I follow a huge vector candle live in today's video with clear predictions on how the market's will react. Let's see how it plays out! Give me a like if I get it right! ;) Let me know how you see it. And don't forget to check my profile for more links and other interesting tidbits you might find useful. Be safe out there folks! And remember, friends don't let friends trade without stop losses and profit taking!
FTX:CROUSDLong
by calmrat
🥴$CRO Day Trading Plan and Review [$DXY, $BTC move as expected]Current position: LONG $CRO My analysis from yesterday was pretty spot on, even surprisingly to myself! 🤣 Makes me happy either way. The intuition that Gann Fann analysis allows, along with volume profiling and general understanding of market movements after having been trading now for the past 3 years seems to slowly be paying off. The main level's and ranges i'm watching for $CRO are as follows... .1250 - .1265 is 'accumulate shorts' zone .1169 - <= .1180 is accumulate longs; zone Ultimately I anticipate a pull back to the golden pocket around .12175-.1220, sooner or later, before the #Jacksonhole speech. If we don't bouncer there, expect a further pull back into .1160-.1180 range, maybe as far back as .1140, before hitting a decent spot for retracing back upward again once we have whatever news we might have from #JeromPowell and the #FED. If we fail the .1230 level today, expect blood in the streets. We will almost certainly be heading toward the golden pocket around .1220, as mentioned. It would mean we've left the rising wedge structure we've been bouncing around the past week or so, and this usually implies a continuation to the downside. Honestly, I do expect that the next 2 weeks will continue to be bearish and we're likely to see touches within those lower ranges. I don't like it, but it's what i'm seeing in the charts. There's a ton of support in the charts around .1169 -.1180 though, so at least there's that. It's where i'm looking to accumulate a larger long position again. With only smaller trades here and there along the way as we process the daily volatility before the month closes tomorrow end of day. Good luck everyone! Watch the video's for more. Check my profile 👇🏼👇🏼👇🏼 for other information, and don't forget to let me know what you think with a like and subscribe! Be safe out there and do your own research too, ofc. Seeeee ya!
FTX:CROUSDLong
by calmrat
📈 Long w/a chance of rain ⛈ [$CRO,$BTC must hold these levels!] Current Position: LONG $CRO This weekend was full of tight range trading. Great for practicing good discipline, stop loss setting, accumulation distribution strategies and profit taking when trading with leverage. All MUST HAVE's for successful day trading. Overall, I'm still feeling bearish, i'm looking for opportunities to LONG the rallies and stop hunt loss type scenarios when trading activity pushes to the upside after a weak (low volume) tumble. I exited my longs last night in the .1209 range, feeling the fast push into .1220's wasn't likely to hold, given the overall weakness in volumes. I'm rebuilding my LONGs in the .1170 - .1190 range, as it appears we're nearing the bottom of the +4 day trading range according to my accumulation fann analysis of CRO. If we bit the dust and fall through .1170, i'll likely be switching short with a target of about .1115, where i'd switch back again to LONG, but again, only short-term. I'll take profits (start distribution) in the .1218-.1225 range, but I won't sell out completely, as I anticipate we could see a pump to .1240 throught out the day. If we push through .1240, i'll wait for the retrace and buy back in at .12, with a possibility of a double push to .124 in the coming 24-36 hours. My goal is to make 5% returns per day on my trading, on average, per month. I'm primarily trading $CRO, but also ofc accumulating $BTC, $ETH and some other alts along the way, in preparation for the long term gains as crypto is more broadly adopted globally for all the right reasons! What are your trading goals? What's the max leverage you're using, and why? I'm setting mine at 10x, but avoid using more than 5x, unless i have really tight stop losses in place and a very good reason!
FTX:CROUSD
by calmrat
👻 $DXY $BTC Divergence [What's up with $EURX and $CRO?]Usually when $DXY tanks, $BTC and other investment assets rise, but today is again diverging from the norm (2 or 3 time in the past days). What explains it? Perhaps the fact that $EUR is 🔺 up? A rebalancing of the currency books, perhaps? Or we're setting up for a fake out in during US open. Where are my currency experts at? The market seems to expect more dovish announcements during the upcoming Jacksonhole FED event; my take based on Chair Powell's speech in June is that we could indeed expect rather a 100bp hike (very hawkish) or at least 75bp, again like last time. The doves are hoping for a 50bp hike. If we get 50bp, does it feel like the market will be ready for a rally? I stopped out of the majority of my $cro short around .13. Looking to add more back in some more if we dump through the .1285 - .13 range and retrace back to these levels. I expect 20750 to be an important stopping point for BTC and opportunity for quick long scalp for a few points if the dumpiness continues during the EU trading session, as I would expect the US brinks to put a little long pressure on before it shows it's true intention for the day to either continue the $dxy dump and move into longing other asset prices, or to reverse and really dump the markets at market open. Summary, SHORT. My analysis still isn't solid and clear; but i'm hoping you're following along and interested anyway. Comments, suggestions, questions welcome! GL out there!
FTX:CROUSDShort
by calmrat