Marketmakermethod
It #BTC doesn't go up from here. This is where it will bounce. I KNOW NOTHING. DO NOT TRADE ON MY PROJECTIONS. NOT FINACIAL ADVICE.
This is where I would look for BTC price action to turn around if it does start to drop from the current zone. My projections are based on historical data, MMM and observation of the market makers freeing trapped liquidity in order to move price higher.
Two bullish projections, with next potential buy-ins I KNOW NOTHING, DO NOT TRADE ON MY PROJECTIONS. NO FINAICIAL ADVICE GIVEN.
These are the levels I am projecting BTC to drop too if we are indeed going to retrace, which I believe we are. My projections are based mostly on historical comparison as well as the MMM and Elliot wave patterns.
The levels I am projecting hold much more weight than the path I have drawn, or the time frame. The time frame is the most difficult thing for me to project with my current methodology.
Market Maker Method 🎯The market has cycles, bullish and bearish . How can I identify a bullish cycle and when a possible cycle changes? Well, for your concerns there is the market maker method, which is used for the forex market, with this method you can identify the up and down cycles of the price and when it can possibly change trend or make a correction, this method called "Market maker" It is one of my favorite price indicators to know how to identify the
Crypto & Market Makers: how trends always reverse!The total crypto cap just fell out its rising wedge which means the market is in for a correction! Like I said at the start of the week, there were too many green days stringed together in cryptoland; which only means one thing: a correction is coming!
Be aware of the market maker!
Now let's have a conversation! We just came out of an insane run to the upside which many people believed Bitcoin (and alts) would go straight to the moon! Let me tell you something: the chance of such a scenario is zero. Why? Because (like I said) these markets are MADE by market MAKERS. If they let cryptoland run only run up without any retraces or corrections; they lose money. Are they in this business to lose money? No, they are not. They are not some sort of charity organization, quite frankly the opposite. This means that every time you buy or (even worse) place a leverage trade; they are on the opposite side of your trade. That means for them to make money, they need to bring the market to the opposite direction of where you think / want the market to go. Like I said earlier this week; BTC longs are at all time high; that means Bitcoin can never go the moon, impossible. Why? Because the market maker would lose money and guess what? They never lose money because they have enough liquidity to compete with Elon Musk, Bill Gates and George Soros at the same damn time.
How market makers always win.
So how do they work? Very simple: they use price action to trigger your emotions; equivalent to: Bitcoin to the moon or Bitcoin to zero. They run price in any of those directions, get traders committed to a move and before they know it reverse the trend in the opposite direction to bag THEIR profit. This what they do over and over and over again - and as longs as people act like people - they will win this game over and over again.
How to trade with leverage
So whats next? Well, first off; the market is likely to hit the liquidity box as seen on the chart. This is because the liquidity is there. What is liquidity? Liquidity are people's stops or liquidation points. Market makers will hunt those areas and that's why I never put a stop loss (in loss!) but monitor my trades in real time and close them when they are about to turn against me; like my last ETH trade. To be profitable with leverage you run a sum zero risk game, when in profit; trail your trade with a stop loss in profit or manually close it as soon as there are even just the slightest indications of price turning against you. Like I say in my bio: you do not hunt for maximum profit; you trade for maximum consistency of profitable trades, even if its just a couple procent. That said, if you want to be consistent in profit without staring at charts all day? You buy fundamentally strong coins at bear markets lows or DCA during bearish times, then you hodl until you see bull market mania. That's where you DCA OUT OF THE MARKET and wait for a bearish trend. Rinse, repeat. In general, only trade with money you can lose and never, never, never, ever sell a hodl portfolio at a loss. My own first chunk of a Bitcoin was bought in 2017, missed out on the top and hodled throughout the whole bear market and was sold at 64K 4 years later. (Why I sold there you can see with the analysis I made of April 14 linked below)
The state of the current crypto market
For the long term the crypto market is very bullish! There is no doubt in my mind about that. However we need to have a close look at how this mini bear market turns out. The runup of last week was unlike other runups with the RSI clearly breaking out of the bearish trend on the daily timeframe. However; the weekly and monthly time frame are still waiting for a confirmed bullish reversal. This is why I said at the beginning of the week that if you missed out on this latest move, accept that you missed out and sit on your hands. I have to admit that I missed it too as I'm trying to enjoy summer a bit after a winter full of trading. What I did do is hedge my risk; which means that deployed 20% of my stable coins into coins that I deem to be underpriced and I have 80% still waiting for the bottom of the current correction or possible the bottom of the bear market. Now, I will have some drawdown on that 20% of my portfolio in the coming week or two; that is likely but it is not a problem as I am 100% sure that those coins will at least 2x my buy in price in the coming year or (at worst) two years.
Support zones to consider
There are a few key support zones to consider; first the bullish support zone at the golden pocket. Staying around or above these levels for another week will most definitely lead us into more bullish action. Secondly; there is the liquidity zone; the preferred zone to take the market for the market makers; this is the most likely support zone. Thirdly we have a bearish support zone below that; even there we have a bullish scenario if we hold support at the bullish trendline. However if we break into the box or below our lowest low (dotted line) we might very well be in for more pain! Lets see what the weekend and the coming week bring us... Good luck to you all and trade safe!
IMPORTANT: this is not financial advice, trade or invest based on your own risk and research.
BTTBTCBitTorrent/ BTC idea
The moonshot on Verge/USD is very comparable to the current position of BTT
While the triangle pattern is indicating another possible shoot.
Indicating Stop is very necessary at this point.
XAU USD Order flow is BULLISHHey Guys, Gold is done with a very long term accumulation as we have finally broken structure upward, and on this current pull back we see once again we have accumulated by manipulating lows and breaking minor structure upward, that means pull back is done, expect up moves from here on. My zone of interest is the daily candle that took the final lows before the minor break of structure. Keep in mind this is a zone of interest and not an entry price, as price plays into the zone i want to see the lower timeframes accumulating as well, then when the lower timeframes are in line with the higher timeframes (when lower time frame orderflow is also bullish) then we enter for longs and take it to the moon.
Trade Idea | NZDUSD, Long Position, MARKET MAKER'S Confluence.If you look closely entry was made on the 22nd of June. has been playing out well and perhaps would have taken profit on the 25th June, just before a key zone from 0.71000 to 0.71250 but stayed in as it had not yet touched the Red line (50MA), though the Blue line(200MA) most often is where one should close the trade as this MA signifies a change in direction. Yet we are looking to see a Major Market Maker's play, that being the major confluence to stay in the trade as we see ("W") formation. This signifies a continuation to the upside, as we can see after the 4 red candles there is 1 long green. This week we look to see this trade take profit at (50MA) touch which the set (TP is at 0.71606) and (SL at 0.69003) a 1:2 RRR.
A CORRECTION ON THE HORIZON FOR XAUUSD 4H
I BELIEVE WE'LL SEE A CORRECTION ON THIS PAIR. GOLD. AND WE'LL SEE SIMILAR CORRECTION OTHER USD PAIRS THAT DROPPED LAST WEEK. GBPUSD, EURUSD, NZDUSD ETC. I'M LOOKING AT A CORRECTIVE STRUCTURE TOWARDS 1844 THEN A DROP PAST THE LOW THAT FORMS AS ILLUSTRATED IN ORDER TO COMPLETE THE MARKET MAKER MACRO CYCLE. ONCE ONE HAS MASTERED THE MM CYCLE YOU CAN TRADE BOTH WAYS WITHOUT FEAR #BTMM #BAALPERAZIMFX #BULLYSEASON #GODISGREAT