BITCOIN - IN-DEPTH CONSOLIDATION ANALYSISGood morning, Alkalites! Today we will show you an in-depth analysis of the current micro consolidation on Bitcoin.
As you can see here, Bitcoin has formed a pennant retail structure while it’s still in an accumulation phase. We believe that the bullish breakout in the structure will reinforce the retail bias.
This should cause a quick drop to near the psychological level of $43k, gathering that liquidity needed to meet the long-term expectations of continued growth in Bitcoin.
Stay tuned!
Manipulation
ETHEREUM - DEAD CAT BOUNCE OR MANIPULATION EVENT?What if this “dead cat bounce” leads to a macro manipulation event that continues the ongoing uptrend? With the current market conditions, it would be highly likely to face these type of scenarios before recovering.
We could expect the price to bounce off the current levels or near the psychological $3k level. This situation would create a macro OB that would be tested to liquidate lured breakout buyers, gathering liquidity and giving rise to the expected move.
What are your thoughts on this one? Let me know!
BITCOIN - SHORTS CLOSED! NOW WHAT?Unusual Selling Activity
Bitcoin has quickly dropped below the $44k level for a few seconds. Thus filling in the previously analyzed imbalance and reacting correctly to the zone of low frequency activity that we showed you a few days ago.
This is the signal that we were looking for, the Bitcoin over-leveraged growth has come to an end with this macro manipulation event. Bitcoin order books are in a redistribution phase, we will wait for the situation to settle down before setting our macro bias again. However, it seems that it’s ready to keep growing in a healthy pace again.
Stay Spot, Stay Safe!
LITECOIN - IMPATIENTS PROVIDE LIQUIDITYLitecoin is being held by retail buyers and algorithms at the 200 EMA level. The current FOMO macro bull run should be backed by these types of trend indicators. We will wait for a bounce from these zones.
It’s difficult to time the market, but you should always be careful with macro manipulation scenarios too!
See you later!
BITCOIN - IS THERE AN IMBALANCE?The overall market situation is optimistic. We are facing a high volume market with increased volatility, which is ideal for our trading strategies. If the market keeps this path, we could take advantage of most of the set ups that we have already sent.
Here you can see the structure between $44k-$47k-$50k-$52k psychological levels on Bitcoin.
We will see if Bitcoin allows for the micro-imbalance to be filled in the next few hours. We expect a micro manipulated wick to appear, breaking the $52k level before filling the imbalance to the downside.
We will monitoring Volume and Exchange’s Inflows/Outflows metrics to detect any slight change that could put our daily set-ups at risk.
See you later, Alkalites!
ETHEREUM - MOMENTS BEFORE DISASTER ‼️Reversal sellers are getting squeezed by retail trend following activity. We may face a breakout in the coming days, that will lure more retail sellers into the market just to liquidate them above the $4k psychological level and perform our desired movement.
It’s important to have in mind that ETH is overvalued against Bitcoin in the short term. If Bitcoin doesn’t make a new movement alone (without inducing purchases in the overall market), our bias will be reinforced. Ethereum is not prepared yet to have such market dominance.
CARDANO - HOW TO TRADE ADA SUCCESSFULLY?Hey, Alkalites! Check this long-term scenario! As you can see here, we have seen Cardano growing non-stop for the last few weeks following a very obvious pattern. Also, retail momentum indicators were starting to show weakness above the $3 psychological level.
RSI Divergences were used as profit-taking events, which could have caused the breakout seen. This scenario may cause whales to appear and redistribute wealth again. We expect Cardano to rise above the $3 psychological level soon, just to gather some liquidity from short-sellers and triggering some late Take Profits. This should cause another movement to the downside.
We will keep an eye on Cardano to try to find the most accurate entry for our bearish bias, as long as volume and market conditions remain the same.
Let me know your thoughts below!
DOGECOIN - MORE MANIPULATION INCOMING As you can see here, Dogecoin has repeated the previous scenario. It’s obvious that retail traders have been shorting the last wave, as it is a technical resistance level. We expect another manipulation movement to gather SLs above the level shown, which we will be monitoring to find more shorting opportunities if the overall volume keeps heading down.
See you later, Alkalites!
ETHEREUM - READY TO FILL THE IMBALANCE? ⚡️Good afternoon, Alkalites! Here you can see that Ethereum is trading above the $4k psychological level. Also, we have found a RSI divergence that may induce retail traders to sell.
We could see a minor retracement just to see Ethereum whales liquidating positions above the key level. If this scenario develops as expected, we may see a bigger retracement filling the two step imbalance.
We will monitor this manipulated scenario to find the best entry. See you later.
RIPPLE - XRP MANIPULATION SET-UPHey Alkalites! After the FOMO pump that invalidated our manipulation setup, we can see that XRP has been up trending following retail behaviour.
We have found another possible manipulation setup. Retail trend line was broken luring sellers, just to recover and trigger retail SLs. The OB that caused the luring movement should contain enough selling activity to cause another movement to the downside.
See you later!
CARDANO - PREPARE THE TRIGGERS❗️How’s it going Alkalites? We have prepared this manipulation set-up on Cardano!
As you can see, after the big pump, there is an imbalance that needs to be filled, just like with Dogecoin. However, Cardano was slightly undervalued against Dogecoin, that’s why we think that lured sellers have not been liquidated yet.
If the overall market volume follows our projection and FOMO doesn’t attack again, we could see this imbalance being filled sooner or later. We will try to place shorts near the lured SLs if whales prepare a liquidation event.
Also, our main intention sharing this chart is to show you where big chunks of orders should be waiting. It would be interesting to consider purchases near the FOMO OB after the imbalance gets filled (being manipulated or not). We think that Cardano needs to gather some liquidity below the $3 psychological level to start climbing up again.
Do you have questions about this analysis? Let me know!
DOGECOIN - How to Surf The Wave ⚡️As you can see here, we are preparing a new set-up on Dogecoin. Given that Bitcoin FOMO has affected all the market, we are facing overextended movements that may need some liquidity gathering.
If volume starts showing weakness, this will become the best scenario for whales and MMs to redistribute leveraged wealth and start a new bullish movement.
We plotted our Psychological EMAs to see where retail traders are placing their trades. Our manipulation approach suggests placing shorts if Lured SLs are victims of stop hunting. As long as FOMO is not satisfying retail EMAs based entries, we will be able to take advantage of this advanced strategy.
Also, based on structure, we have found the order block that caused the large movement. These are susceptible to contain big chunks of orders that can’t be seen or Order Books. Placing Spot Orders near that zone would be a sensible option.
We will monitor the manipulation approach closely! Stay tuned!
MELI Analysis showing possible drop.1d Time-Frame Analysis
Lets start with the bigger time-frame, with the bigger picture. NASDAQ:MELI is at level 2 rise, meaning it's missing one more leg to the upside. Then, why short this? Just checked the cycles and I see that MELI does level 1 rise, retrace, level 2 rise, M formation, drop. So instead of level 3 being the peak formation before the reversal, level 2 is the peak of the cycle, and now we are in level 2 with an M formation!
4h Time-Frame Analysis
4h time-frame seems to be a copy paste of 1d time-frame. We can see the cycle to the downside, with only 2 levels and the second level being the peak formation, and now we can see two levels to the upside, with this level 2 being the possible peak formation.
Trade light
Be careful guys, trade light. I'll set my SL at 1918.59, because if price touches that price level, the M formation will be possibly invalidated. Though, I'll wait for the close of the candle to be sure I'm not closing a stop-hunt rise. On the other hand from 1874.80 to our SL we have 2.34%, so playing big would mean a big loss. I will use a 2.5% of my entire account.
Take Profits
Close 30% at 1742.83
Close 35% at 1674
Close 35% at 1583
Happy trading!
XRPUSD - HUNT LIKE A BOSS!After the micro bullish breakout seen on XRP, we believe that the current buying exhaustion combined with lured shorting activity after the first push will cause a two-step stop hunt.
This would be the best scenario to place shorts on XRP considering that its legal issues have not been resolved yet.
We highly encourage you to manage your risk by scaling your entries chasing the price near our entry levels, instead of placing one order.
Let me know your thoughts! Good luck!
Institutional Analysis: Manipulation detected on USDJPYAt 1H timeframe we see a clear manipulation upwards with the result that big players run long positions in loss which they have to close. When the price returns there we can enter a short position to take advantage of this small correction.
There is no trend in the market, so a change at this point seems realistic.
For the moment, many buyers come out of the market. That means that the price will come soon to this price.
We will place our stop loss above the institutional candlestick and our take profit above the previous lows.
Fell free to write your opinion in the comments.
Institutional Analysis | Charming manipulation on Daily At the daily timeframe we detected a manipulation. Trade seems safe since in a larger timeframe there is a strong uptrend.
Open positions of big players run negatively where the price is. They will probably start closing on Monday, and the market will move upwards.
Our stop loss will be under candlestick that collected liquidity and take profit a little below the previous high. We could easily pull our take profits to the orange zone since the point is a target for the big players due to the liquidity that the double top has accumulate over there. However, the safe option is a little lower than the previous high.
Sell that DOGEAnother go at DOGE, being purely used by speculators for selfish and greedy manipulation. Trust me when I say I am staying calm and underlight the scope of this unprecedented selfish act. Having worked with open source I have witnessed in the past two decades how much time people spend voluntary on open source community driven project with zero of greed and purely to achieve a goal. Now I have studied trading for a few years I can say nothing but how disappointed I am to see that serious effort is being put in trashing prices of community driven projects. So much for a free floating market. Which I witness a couple of times before certain groups, not naming here, started obsessively trash community projects just to fill their pockets and maintain their humangoes egos. Sad poop.
Institutional Analysis: Strong manipulation detectedIn the 1H timeframe we find a fairly strong manipulation that keeps open buy positions of big players in loss. If the market returns to this point immediately we can look for our entry above the internal range liquidity. In the red zone is the optimized entry that will give a satisfactory risk / reward ratio.
We have to be careful because the structure has already broken further back, so the current upward movement can be considered reversal, so that this trade can theoretically be found contrary to the trend that is going to be created.
Our stop loss must go just above the high of the institutional candlestick and the take profit just before the previous lows of the structure.
US30I've been calling this FED induced bullishness on US30, the NFP was not a reflection of what ADP prepared us for, the current NFP numbers superseded the projection as well as previous numbers. Now I'm looking to see a series on new highs on indices, but tread carefully as we've seen Gold's flash crash on Monday.
Those who follow me benefit from my insight on this instrument, if you do not yet follow hit the follow button and feel free to comment if you have any suggestions or objections on my ideas.
The Manipulation of BITCOIN! I have been in the Crypto Space for about 4 years and I have been studying Bitcoin since 2017 High. I've learned something along the way. During 2017 high, there were many people that talked about Bitcoin. It was all over social media. Many people were talking about it, even people that did not know anything about Bitcoin. As a surprise, that was the top and bitcoin dropped all the way down to 3k. When Bitcoin dropped that low, many people that invested, especially, in the top took the loss and did not want to invest on Bitcoin again. After years, Bitcoin finally pump and went as high as 60,000 dollars. Then something happened, social media started talking about it. People that was not in Crypto in 2017 started talking about it. People that know nothing about Crypto and bitcoin started talking about it. This was a signal that it was the top. So...
Will Bitcoin do the same thing as it did in 2017? If so, Here is the chart on how it will look like. People that bought above 50k to 60k will get trapped. Bitcoin will dump all the way down below 20k. I say below 20k is because it is a major key area that tracks back to 2017 high. There will be a lot of liquidity around that area. It will consolidate for weeks and finally, eventually, a new bull market will start. This will take Bitcoin to 100k and more. The question is "How long and when?"