Long BTCUSDTInvesting and trading is a game of probability where the market moves up, down or sideways. Hence, the probability of a trader winning is around 33.33%.
A lot of traders try to be right after I warned about the manipulation and some refused to listen and give into whales manipulation.
Some traders tried to aim for 15k to buy the dip, but it never happened, the only way you can get rich is to buy at 20k and HODL.
Bitcoin or btcusd had broke out of the resistance and now it is turning to be a support before going up further.
Do not be tempted by whales to short on bear traps!!
Warning, DO NOT short the market and get short squeezed. Buy the DIP.
I see a lot of retail traders lost money shorting bitcoin at 20k instead of buying it, this is your last buying opportunity before we move up to 35k to fill the CME gap.
The whales had been doing manipulation on bitcoin and ethereum .
It had already made a 5 waves up and will do a correction before pushing further up to 35k to fill the cme gap.
DO NOT MISS THIS last chance to buy the dip opportunity.
The whales are tempting you to short bitcoin so that they can push the prices up by doing this sideways movements.
Do not be deceived by the whales manipulation.
This manipulation by whales are food for them as retails traders getting liquidated easily.
The whales are accumulating. It is trapping breakout traders to short here, this will bottom here.
Long btc . Sick of this sideway obvious manipulation by whales.
On a higher time frame, it made a impulse and ABC correction, soon it will moon and everyone will get rich like WOW?!
This is not a signal and do not follow but a trade idea. Use your brain to trade and don't follow blindly!
Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach
Neutral
SPY Weekly has potential but not quite.This is the weekly SPY with the Cash in/Cash out report applied. The cash in/cash out is set to 4 as the input. We are seeing 4 rolling weeks of cash into and out of the market. Price action around 400-405 strikes are critical. Let's wait and see if the bear market continues or the reversal occurs.
Check out the Cash in/Cash Out report here on tradingview.com. If the indicator makes are saves you money give it a like!https://www.tradingview.com/script/I7YyeFKR-Cash-in-Cash-out-Report-CICO-Quiets-market-noise/
Price Targets for SPYThere are those that are currently bullish on SPY whilst others are bearish...
So I used Implied Volatility(IV) to obtain price targets, regardless of SPY's direction
before you read...
If you want to know the exact calculations behind using Implied Volatility to obtain price targets then check out one of my educational posts in which I explain how to do so. But incase you are unaware, Implied Volatility can help you obtain a price range in which the underlying asset has a 68% chance of staying within...
EXPLANATION
The IV I used was from a 397 July 25 Call in which was 15.89%
1 Day Movement
Once I de-annualized the figure I obtained a one-day price movement of 0.9%. Thus I displayed the range in which SPY has a 68% chance of staying within, which is between 401.49 and 393.60
End of Month Movement
Upon de-annualizing the IV I multiplied it by the square root of 7(There are 7 business days left in the month) and obtained 2.6%. Meaning, there is a 68% chance of SPY's price staying between 407.99 and 387.10 by the end of the month.
Why Use IV?
The numbers obtained allows us to use probability to gauge where an underlying asset may stay whilst avoiding outlandish price targets crated by our emotional hopes.
It's too early to be Bullish on BitcoinAs I put aside all news and prior catalyst and focus purely on the Price Action of Bitcoin, my analysis shows that BTC has not yet confirmed a Bullish sentiment.
BTC still has not broken out of the channel it has followed from 48k to it's recent low up 17.7k, with that being said I need to see a break of structure to the upside to feel confident taking any potential longs on the HTF.
Please refer to the chart below for a better understanding of the Market Structure that has taken place during Bitcoins downtrend.
As you can see, BTC has continued to follow this channel and follow the cycle of Accumulation and Expansion/Distribution
The power of three(Accumulation,Manipulation,Distribution) can also be used to map out these large areas of accumulation for lower timeframe trades. If you're interested in learning such I've published an Idea on ADA with the same principles I used to Catch a BTC long from 19.3k-21k
I am very aware and up to date of our current market sentiment, I understand we have seen some bullish news and signs of a relief bounce on the S&P 500. Along with the fact that we have had a lot of volume for a crypto weekend, and we could very well have a positive week, I am just demonstrating the fact that BTC still hasn't confirmed a reversal to protect fellow traders.
SPY Daily, possibly head and shoulders bottom forming.This is the SPY daily with the Cash in/Cash out report set to 10 on the input. This means the indicator and chart are showing 10 rolling days of sums of cash into and out of the market. There have been more positive days than negative and a possible head and shoulders bottom appears to be forming. However, the price is still within the negative trend channel. Pay close attention to price action where trend lines collide. For now, I am neutral on the SPY. I believe there is an inflation report coming out tomorrow, let's see what happens.
The Cash in/Cash our report is a free open source indicator here on tradingview. If the indicator gets 1,000 likes it will become a free iOS and Android app. Give it a like if it makes or saves you money! Good luck friends!