AUDJPY H4 - LONGAUDJPY H4 - LONG
Prices broke out of structure, leaving behind an unmitigated area of demand zone, waiting for a pullback with an AC/D on the lower timeframe, before taking a LONG position if we see a structural shift, with the lower timeframe being in line with our higher timeframe bias.
Liquidation
BTC- Rise- pullback- liftoffAlmost two months into the uptrend and,it seems that BTC is well into the green zone judging from the weekly timeframe.
Bitmex OI just hits 10 figures, but I want to see a little bit more volume.
Binance OI is rising steadily and long consistently hovers above 50% the past 30 days. We can assume the rise of OI coincides with the rising bullish sentiment.
Overall, volume is rising steadily across all exchanges over the past 30 days which validates the uptrend movement.
Ongoing shorts liquidation at the time of this writing...
I think BTC is due for another pullback to sub 9k area or it may attack 9.8k- 10.3k region, then retraces back to between 8.6k to sub 9k.
Mid -term outlook looks bright for BTC :)
Bottom shorting and BitMEX 10x liquidation level CONSPIRACYThis chart shows levels at which people entered short and the levels at which they liquidate using 10x leverage on BitMEX
Blue boxes short entry
Red boxes liquidation level
Volume profile indicator seen on the left was used to determine this.
WHITE - BUY VOLUME
GREY SELL VOLUME
Life is full of coincidences right?
Look at how quick liquidation levels are reached after shorting the bottom
Then look how quickly the price drops again afterwards.
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BTCUSD: Xmas bullrunHello guys and gerlz, today I will speak about BTC.
After prolonged consolidation 7040-7230 BTC has finally broke out and hit not only one resistance but two.
The first resistance 7230 is the range's high, the second resistance is 7450 which is also a significant HTF resistance.
Price provided beautifull sell set-up when H1 bar closed respectful of the 7230 level. That also provided SFP of the range high so many traders including myself did go for that short opportunity. It didn't last long because price rpoceeded further up shortly.
I believe the best now is to buy pullbacks the nearest one of my interest being 7400-7470. But attention! During strong tren moves price is unwilling to provide comfortable entry opportunities.
Next target for bulls is 7890 which is the HTF range high, marked also as the high of the triangle (see HTF picture below)
Successfull breakout would send price to 9 keks.
Trade carefully
BTC in danger of a complete meltdownDecided to do a little follow up on my previous idea (below, under "Related ideas"). It took longer than expected but we finally seem to be getting that downside move. 12h time - frame says it the best here really:
1. my MAs are having a nearly perfect sell signal
2. structure on the lower time - frames has been clearly broken
3. 9350 is the key pivot here, yesterday we closed below it and so far we are pushing off of it
4. when it comes to bitmex funding longs are STILL paying shorts and I imagine sooner or later a lot of the people are going to get either stopped out or are going to close their positions which could lead into a absolutely nasty sell off
5. I could go on and on..
As far as targets go I am looking toward the white rectangle and the 0.618 retracement. What I would really like to see is for PA to take out the lows of that whole consolidation around the 8k region and quickly go back up - that would imply a liquidity run for the bigger players to fill in their longs to ultimately send BTC to 11k and beyond.
As always, nothing is guaranteed, have a SL and don´t be stupid.
Feel free to follow me on Twitter as I post a lot of quality stuff there:
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Take care.
How to not get liquidated and relax in the tradeLets face it we all do it, we want that $btc quick and easy so what do we do...
LEVERAGE!!!
and what is the subsequent fallout of a leveraged position
ANXIETY, PANIC, SLEEPLESS NIGHTS (unless you get the optimum entry)
So if we are gambling in a mid range between supports and resistance how do we trade either direction and feel safe, or relaxed?
Its simple really... DO NOT USE LEVERAGE BEYOND YOUR SAFETY ZONE
But what is my safety zone? Lets look at the charts, we can see we have had a big candle, everyone is saying 3-6k but we want to long or even short it down further although some are saying 16k October - confusion??
So we look at the dailyo chart, and eye up some support and resistance zones.
Once identified we add the pivots to reveal P, R1, S1 etc.
Do those pivots line up with our S/R zones? yes
OK so when we make a trade we dont do 50x off the bat, instead we ease in to the trade.
So 1x... what is the liquidation engine prompting you, is the liq below/above the identified support/resistance zone... yes - enter trade
then 2x - still above below... add to position
3x
4x
etc etc
If you find you are 10x and your liq is above support (long) or below resistance (short) then reduce your position size or simply do not enter that heavy - easy right?
What we dont want is to be mid range going high leverage.. thats called gambling. Unless you have identified a strong/weak point of the market and you are certain of direction then trade safe, trade low lev and wait for confirmation.
When in profit move stop loss
...and always protect your capital.
Finally = Trade responsibly
The BIG BTC Shakeout...Don't be fooled, BE PREPARED! FUN TIMES!Longs getting rekt, then shorts will get rekt and most will get left behind.
Looking at COINBASE:BTCUSD on the 3 DAY, because the big profit is in the broader moves.
When you throw a tennis ball hard at the ground, does it bounce higher than where you released it from?
-It's gonna come down even faster than it went up, and if buy orders aren't in place you'll be chasing an entry after the hard bounce.
-Violent move down just starting, longs getting liquidated and stop losses getting hit...still more pain to come.
-Think about how market movers leave the most people behind...destroy the hopes of 10k anytime soon, only to be above it after massive rally bounce after sweep below 6k. (HINT: LOADS OF LIQUIDITY BELOW 6K)
-This is the BIG SHAKEOUT.
6K will be broken just long enough to draw in all the bears and turn bulls to bears. Market will reverse and use all those shorts, which already outnumber the longs to rocket it's way back to 5 figures...
Close Below $5150 and I'd say this is a failed idea, but until then it's still bullish correction/shakeout.
What are your thoughts? Please share your ideas and let's discuss