Calm before the storm. Waiting for the rockets to launchI've covered many topics in this video
The difference between myself and others is that I speak from real world experience whilst others keep trying the 'sell the dream'
bullsh*t baffles brains, and that's not what I'm about
So if you are a student of the markets I hope you are taking notes of these golden nuggests
Orderflowtrading
Bitcoin Consolidation Scalp and Swing trade levels this week!CME:BTC1! CRYPTOCAP:BTC BINANCE:BTCUSDT INDEX:BTCUSD BYBIT:BTCUSDT.P BTCUSD.P
Bitcoin has respected the nPOC mentioned in my last video at $22100.
I talk about the scalp trades that are possible in this consolidation range and the larger areas of Support and resistance for Swing long and Swing Short trades
#BTC #Bitcoin
Not Financial Advice.
Paper trade before using real money!
Safe Trading and book those profits always!
Regards,
Shawn
LIGHT BULB will eventually CLICK ES/SPX/SPYTrade Plan this Week
Pivot is 3875.
Big levels above are 3915 / 3960 / 3990 / 4000 / 4050.
Big levels below are 3832 / 3800 / 3777 / 3750 / 3712.
Market Structure
Short Term Trend. Spooz remains in a downtrend until we can get back above that 3915, which would be the first goal for bulls as it would put them back in firm control.
The Profiles. What the market has been communicating to us this past week is profit taking by shorts producing a relief bounce. We know this from the shape of the daily volume/market profile(s), as there were a few P-shaped profiles. Additionally, a pattern that has been developing has been poor lows, a sign of sellers selling into the hole without getting paid and effectively getting trapped, causing reversals. As is typically the case with short covering bounces, they get sold eventually. However, we need to remain nimble and aware that price can continue to move higher as long as there are new buyers. 3875 was a pretty key level last week, it has stalled the auction a few times, and I think there may be further pain for shorts as long as we remain above it. This will be our pivot this week. 3920 has unfinished auction, and downside was limited below 3800.
Given our pivot is 3875, bulls want above, bears want below. Above 3875 and I will be long biased, targeting 3894 and 3915. Breaking above and holding 3915 would be best case scenario for bulls, targeting 3960 and 3990 / 4000. Holding below 3875 would indicate weakness IMO, and targets in this case are 3832 and 3800. Break and hold below 3800 will target our 3777 and 3750 levels.
Inside Day. For Tuesday, we have an inside day set up which we want to be on the lookout for. The HOD was 3872, thus breaking above and holding we want to be bullish playing with further squeezing of shorts. The LOD being 3822, breaking below and holding we want to be bearish playing with the inside day break to the downside.
Trade Plan Tuesday
Pivot is 3875.
Bulls targeting 3894. Break and hold above targets 3915 / 3937 / 3950.
Bears targeting 3855. Break and hold below targets 3832 / 3818 / 3800.
Stay Frosty!
USDCAD - Free Trade Analysis Breakdown. Welcome traders to a free analysis breakdown.
Today I am highlighting possible trades on USDCAD, if you any questions on the pair let me know in the comment section below.
I will be looking to take a trade on the pair if our trading rules are met over the next few days.
I would suggest keeping this pair in your watchlist to see if your own rules are met. If you take a trade from the analysis in the video leave a comment in the section below. I would love to here how your trade went.
On behalf of Alpha Trading Group,
Trade safe and ill see you all in the next video.