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Theking

Bitcoin S&RSupport & Resistance : - When the two prices meet, consolidation between support and resistance. - Called support and resistance reversal happens. - A key concept of technical analysis is that when a resistance or support level is broken, its role is reversed. - If the price falls below a support level, that level will become resistance. If the price rises above a resistance level, it will often become support. - So you got the idea, trading is magic. - Always keep in mind all scenarios. - Sometimes just watch and don't gamble! Happy Tr4Ding !
COINBASE:BTCUSD
by thecryer
8
TheKing Still Bullish- Despite the silvergate mini Fud, BTC still on his consolidation trend. - this Fud just caused a faster mini retracement but it would have happened anyway. - Next Fud could concern Stables Coins, They are trying hard, no smoke, no fire. - Whatever, at one point BTC will go his natural way. up! ----------------------------------------------------------------------------------------------------------------- - For now look at the Graph : -- BTC still evolving and bouncing on Tenkansen (Yellow Line) -- Senkou Span is making a flat line around 32k ( Violin Line) -- can notice a first support around 21.3K (Tenkan) ( Fibo 38.2% Retracement ) -- can notice a second support around 19.2K (trend) ( Fibo 61.8% Retracement ) (CME GAP 20.9k -19.9k) ----------------------------------------------------------------------------------------------------------------- - imo not a time for trading for a long term investor, just watch. - if you are a Scalper, that's fine, just use a tight SL. - Any Fuds coming and any lower prices are fire buy at the good zones. - i will comment this post with some older analysis so you will get the scheme more clearly. Happy Tr4Ding !
COINBASE:BTCUSD
by thecryer
17
Trading Life- I don't post much right now because nothing exciting is on. That said i will give u one more advise : - When u trade you really need to switch timeframes. - if you see nothing is interesting on 1 week or 1 Day, go to H12, then go H8, then go H6. etc... - Now check your favorite indicators and look at some divergences. - Divergences are the base of trading. - Divergences tell you when you can "try" to enter a trade or not. - if the market just follow the river, there's nothing to do, just watch. - Spot for Divergences than bet on a trade is much better. - Now check my graphic and get it. - Really simple. - Spot on Divergences and understand movements. - Remember that trading is tricky. - Naturally the market will always inverse what u think :D - Sometimes, there's nothing to trade. Stay Safe ! Happy Tr4Ding !
COINBASE:BTCUSD
by thecryer
2
TheKing Ways Up- Some Traders are still waiting for lower prices. - But to go lower BTC must first go higher. - TheKing is in transition phase : " Bearish to Bullish ". - Some retracements have to happen on the way up. - Some Fuds have to happen on the way up to create those retracements. - Today CPI results could impact a bit the trend ( Stocks + Cryptos ). - Notice on the Graph MA50/MA20 (4D) will cross up soon - Those MAs will create some new support zones. - This Graph is just based on comparison between 2018-2020 // 2020-2022 and an eventual " Story Repeat ". - Covid19 Black Swan included. - Just follow the Circles and keep it simple. Happy Tr4Ding !
COINBASE:BTCUSD
by thecryer
12
The Magic of Fibonacci- Remember this older chart ( December 18 - 2022 ): - Please feel free to check it to understand the new one 👇👇 - BTC Finalized his movement at exactly 161.8% Fibo. - BTC did what it had to do at the perfection of the Fibonacci Law. - when the FUDs and Bad News not influence the trend. - No need any Magic Ball, we just have to follow the beauty of Fibonacci. - Everything is in Graph, this is a bit advanced trading. - This is one of the core's method of big hands Trade ( with Volumes ). - Feel free to DYOR about Fibonacci extensions and Retracements and learn about it. -- The more that you read, the more things you will know! Happy Tr4Ding !
COINBASE:BTCUSD
by thecryer
4
The Fear and The Greed- Tomorow will be the 365th day in this bearmarket. - From now there will not be much winners or losers because in this situation, there's fear and doubts in both sides. - A little resume of this yearly journey : - Luna Rekt - 3AC Rekt - Voyager Rekt - FTX Rekt - and much more smaller entities like Zipmex etc.. - Despite all FUDS, the situation could be worst than where we are now. we have to remember in 2017, we went from 20k to 3k. - that said in 2017 "Cryptomania" was nothing compared to 2020, now we are more close from Cryptos adoption and CDBC. - in 2017 the market was still immature and dubious, in 2020 big players entered the game. - So what happened in 2022 with a more mature market ? - What we need to remember from 2021-2022 is that bad actors in Cryptos are not here to build the system but to greed on it. - They all overleveraged their positions thinking only about their own pockets and caused pain to millions of their customers. - Some created their own thin air tokens as FTT and shorted their own projects with high leverages using collateral loans ( FTX ). - They were all selfish, and didn't even think about how many poor families life they destroyed. - Peoples may forget what they did with time, but Karma will not. - Cryptos are here to stay, but the future is more bright without those greedy peoples. - Buy BTC. - Store in Ledger, Trezor or Paper Wallet. - Hodl BTC. - Do good things around you and good things will back to you. Happy Tr4Ding!
COINBASE:BTCUSD
by thecryer
4
Humans are not perfect- Very Basically SOPR (Spent Output Profit Ratio) measures the price bought versus price sold. ( but it's more complex than that ) - Negative SOPR typically means people are selling for a loss. ( red dotted Lines columns ) - Positive SOPR typically means people are selling for a win. ( Blue dotted Lines colums ) - So what we can notice and deduct from this graph ? - Simply that we are not perfect. - The Fear and The Greed. - We scare when the price goes up too much. - We fear when the price goes down too much. - Most of the time we sell to early. - Most of the time we sell when it's time to buy. "Human being is the fact to be imperfect anyway" Happy Tr4Ding !
COINBASE:BTCUSD
by thecryer
16
Trading is Repeating- Not sure that we already finished Wave 1. - What we know is : " BTC went straight up for 4 weeks ". - the safest way for now if you missed the last bottom is to watch and wait. - At one point TheKing have to retrace, so be patient. - if BTC Retrace now : - Set your Fibo to -61.8% Retracement, around 18,500$ - Charge bag at the good time. - if BTC push more : - Wait for a retrace and recalculate your -61.8%. - Keep it easy and Stay Safe! Happy Tr4Ding!
COINBASE:BTCUSD
by thecryer
10
Shopping Altcoins- in this post i will list a number of projects that seems interesting (to me) for the next bull run. - i will set a potential worst case bottom price for every tokens/coins considering another BTC dip. - i will just keep things simple and set a potential ”Entry Price” and describe good and bad reasons in few simple words. - Remember that you have to do your own diligence before considering to invest in a project. - Remember that cryptos are very dangerous, everything can happen and you may lose all your invest. - invest only what you don't need for living ! - it's only your own decision to set an higher entry price if markets turn green. - You don't want to buy when peoples are happy because everything is mooning! - You want to buy before retailers and You want to sell before them !! ”The time to buy is when there's blood in the streets” i will start with my one of my favorite project : ---------------------------------------------------------------------------------------------------------------------- Polkadot (DOT) ---------------------------------------------------------------------------------------------------------------------- - The Good : Decentralized, Huge Ecosystem, Cross chain Tech, developer activity, SEC umbrella. - The Bad : lack of promotion, concurrence, on chain attacks, elitist governance, unlimited supplies. - Entry Price : 4.30$ish ---------------------------------------------------------------------------------------------------------------------- - if you want me to check and add a project, just comment down below. - if i think this project is not consistent. i won't add it. - not meaning your favorite project is bad, just meaning i have a lack of knowledge on it. - i will update this post over time. Happy Tr4Ding !
KRAKEN:DOTUSDLong
by thecryer
57
Happy New Year!• Being wrong is not a bad thing. • It's Okay to question what you have been taught. • Grades aren't as valuable as skills. • Understanding is more important than memorization. • Making mistakes is Okay. Learn from your mistakes. • Be humble. • Be teachable. • Humility is necessary for growth. • Teach your children early what you learn late in life. • There's always room for a new idea. • Pay close attention to those that don't clap when you win, they are not your friends. • Do not despair. • Do not give up. • Look for the sunlight through the clouds. • The universe is bigger than your view of the universe. Wish u all the best for 2023!
COINBASE:BTCUSDLong
by thecryer
2
Cryptos are here to stay- Don't follow the price but follow the innovation. - in 2018 Crypto market reached $750 Billions, in 2020 it reached $3 Trillions. - of course cryptos are still nothing if u compare markets with the actual netted value of derivatives. $600 Trillions. - if u followed some recent news about IRS : - The Passage of the Inflation Reduction Act signals the hiring of 87,000 IRS agents and the bill specifically calls out crypto assets. - $80 Billion of funding is allocated to the IRS budget over the next 10 years, signifying a 75% increase on a yearly basis. So are you thinking govs will hire more agents to tax a dying system. think about it. - According to Fibo the next bullrun will lead Crypto Markets around $10 Trillions. - Be ready for it but be ready also for taxes and regulations. Feel free to comments! Happy Tr4Ding !
CRYPTOCAP:TOTALLong
by thecryer
3
Bitcoin Stay Calm- i know some of my fellows traders went Long few days ago and i want to congratulate them ! - So if u went in around 19k+, you had already a great deal. - Now if you didn't board the first train. i suggest you to wait. - i don't show any indicators to keep the chart clean. ------------------------------------------------------------------------------ Trading Parts ------------------------------------------------------------------------------ - we are reaching a particular zone, so be cautious ( bears or bulls same ) - Nothing to Trade between 20800 - 21150 and under those zones, just wait and stay spectator. Buy Zone : 21,150++ (DCA) TP1 : 22,500 TP2 : 24,900 ------------------------------------------------------------------------------ Happy Tr4Ding !
COINBASE:BTCUSDLong
by thecryer
4