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Theking

The art of trading- Spotting Divergences is a good way to be prepared for a potential trend reversal. - Many peoples are using RSI in a wrong way, as fix point indicator (oversold or overbought). - in reality RSI is a "Momentum indicator". Point to Point. - Divergences most of the time are not enough to enter a position but help you to have more nice cards in your hands. - They can be combined with Trend Lines, Supports/Resistances, pivots, MAs/EMAs and much more indicators. - More information you get on a trend, more is helpful to be accurate. - the reverse of the medal is using too many indicators at the same time can make you confuse and doubt. - Trading is an art but patience a virtue. Happy Tr4Ding !
COINBASE:BTCUSD
by thecryer
4
TheKing Moon or Mars - Everything is in graph. - Everything is based on Fibonacci (extensions and retracements). - This scenario is likely to fail, so don't take it as a financial advice. - This is just a scenario nothing more, nothing less. ------------------------------------------------------------------------------------------------------------------------------------ - Take also in consideration, this scenario is only based on two basic reasoning situations : ------------------------------------------------------------------------------------------------------------------------------------ 1/ The Bearmarket : - The real bearmarket started from April 2021 (First ATH) - The Second ATH (November 2021) was just a fake, a fomo created by people's witch missed the first train. ------------------------------------------------------------------------------------------------------------------------------------ 2/ The Brrrrrr Machine : - if they start to brrrrrrr ( UK just started ), more will follow. - this scenario could happen more fast than we think. - BTC was created to fight inflation. ------------------------------------------------------------------------------------------------------------------------------------ - Feel free to add your comments and ideas. - Sometimes, it's better to keep silent than speak without thinking. - Take it easy. Happy Tr4Ding !
COINBASE:BTCUSDLong
by thecryer
40
Choose your Side- i often compare TheKing with Nasdaq right now. - Have a main reason : - NAS100 (Nasdaq) have mostly "Top Tech Companies" acting as Thermometers in this index. - SPX (SP500) have Tech Companies + traditional ones. Nasdaq Companies are also included in SPX, but 500 Companies start to be a lot. - DJIA (Dow Jones Industrial Average) is a Mastodons, i don't use it much because this top 30 is too mixed ( coca cola, boeing, techs, big banks, nike.. etc). - i mostly use very high TFs, i prefer look from far, less noise, more easy and less headaches. - i use sometimes to trade with 1D, H12, H4 TFs but when we are bullish. In bearmarket, it's hard to find entries points in bearish mode. - i don't short markets and accumulate more coins/tokens, so i just DCA, Dollar Cost Averaging is investing a fixed amount of money into a particular investment at regular intervals. - so this chart is basically only about MACD : - it's really interesting to see Nasdaq making another red columns in 3W TF, while the markets should recover slowly. - if you take a look at BTC, columns stayed in Light Red Color and reducing size. What could it means ? - Keep in mind that BTC is not a STOCK. - One of the most pivotal events on Bitcoin's blockchain is the halving, when the supply of new bitcoins is cut in half (2024). - BTC have 21M Supplies and that's all. no more will be created. - At any time BTC could stop to follow Nasdaq and do his way, TheKing used to do that before already. - A small bounce in Nasdaq could be also a huge move for BTC. - " Choose your side " and DCA the money you don't need for living. Happy Tr4Ding !
ULong
by thecryer
TheKing What's Next- TradingView distorted again my post. here a clear image : - We need to compare BTC movements with The Wyckoff Method and we will get a more clear view. - We are in a long corridor and it can take time before a new Bull Cycle as big hands are waiting for retailers to give up. - i published in July a chart indicating a potential bottom around 17500$. here : - i am clearly not convinced yet that BTC will make a fast wick to 15,000$, and i forgot already about 10k. - Bollinger Band is one of my favorite indicator on Weekly TF to try predict potentials bounces. - You can see clearly on the chart that BB bottomed around 12,600$ and right now growed to 15,500$. Zoom in : - So of course like always, everything can happen as economy is weak, but my work is TA, and not FA news. - A wick to 15,000$ is still possible but clearly uncertain, all i can tell you is if this happens, be ready to charge your bag. Happy Tr4Ding !
COINBASE:BTCUSDLong
by thecryer
16
TheKing Cycles- Nothing can be perfect in Life or in Trading, but you can always brighten up your day. - Remember "Cycles are Cycles" - Everything is in graph - You can follow bears, predicting 10 years of recession, but we are in a big recession and for a long time already. - You can fall in the deep and predict the darkness. - i like to see the sunshine in the morning and i will always radiate warmth. - Follow Hope, and always believe in your own judgement. - Be Bold and do the opposite of what commons peoples think. Happy Tr4Ding !
COINBASE:BTCUSDLong
by thecryer
14
TheKing CME vs Exchanges- i remember one of my best friends asked me in 2018 if it was good to buy Bitcoin around 4000$.. around bottom, i answered nothing, i just told him life is like a computer, it's like 01010101. You just take a decision then u have 50% chance to be correct and 50% chance to be wrong. - So he had like 50k Euros at that time and he decided to buy a small studio because it was more a " Secure investment ", if he bought BTC by that time he would have 12.5+ BTC for last 2021 bullrun and could sell for 600,000++ Euros after 2 years ( if he sold btc around 50k$). Right now his studio's prices didn't move up or down. so that short story is true, i didn't dream it. i just posted it to explain something very important : - more you invest in something safe more the return will be poor. - more you invest in something dangerous more the return will be good. This simple law is valuable for everything, not only for cryptos. if you buy a studio in center NYC, you will pay it a lot but you will have more chance to be safe, the return will take many years of your short life. if you buy a studio in Cambodia, you will pay it much more cheaper and your invest could be transformed x5-x10 or going to zero. let's back to the trend : - it's important to check the difference between CME and Exchanges. - When retails can buy 10$ in BTC in Coinbase, you need at least 10,000$ to invest in CME. - i noticed this price difference from the last July BTC dip, when BTC dipped on exchanges the price was 17500$ ish. But on CME price bottomed around 18500$ ish and few day ago from now made a kind of double bottom tap. - So to come back to my friend story, do you follow retailers or big hands ? - i will post in comments the next important CME GAPs that BTC have to take back in future. Happy Tr4Ding and St4y Safe !
COINBASE:BTCUSDLong
by thecryer
7
Bitcoin Bottom- i saw many traders using vrvp or vpvr like and claiming BTC will go 10k. - They just don't know how to use this tool and didn't understand how it works. - if u don't know how to use a tool, simply don't use it. so less people's will rekt. this is an advanced trading tool. - The Timeline of those tools are VERY IMPORTANT, they cannot be set up from 2015 or 2013. What happened when BTC was Bearish : - Actually when BTC dipped from 30,000$ ish, the columns started in the vrpv darker zone ( Less Demand ) - BTC reached 20,000$ and columns started to grow ( Demand Zone but Fear "Retailers" ) - Then dipped 17,500$ and the columns diminished size ( Good Demand " Smart Money" ) - This is at this point that you can detect a BOTTOM Zone. ( Darker zones + Small Columns ) Then what happened when BTC was Bullish : - if you watch VRVP when BTC was growing you will notice the inverse. - The Main demand was around 30,000$. - BTC Reached 50,000$ and VRVP started to be darker ( More Demand impulse "FOMO" ). - Then BTC reached 70,000$ ( No Demand ). ( Darker zones + Small Columns ) - i will post an exemple under this post to show a bad use of VRVP/VPVR. please don't use it that way. Happy Tr4Ding !
Long
by thecryer
14
Theking Following Nasdaq ---------------------------------------------------------------------------------------------------------------------------------------- - Quick update. the chart is speaking by itself. - this a 1W TF analyze but if u go smaller TF, u will shock to see how BTC is linked to Nasdaq. - BTC is simply cloning Nasdaq 100% from 8 November 2021. - This happened already on 17 Feb 2020 when Covid knocked our doors. - Those dips moves can be kind of "over pressured", i means by that : if Nasdaq loses 5%, BTC could lose 20%, Altcoins will cry -50%++. just the normal way. - Just follow Nasdaq could be a smart way, TheKing is still young, and for now US100 "mastodon" acts as a World termometer. - i will link in comments my older analyzes on Nasdaq. this will help to define a possible bottom. ---------------------------------------------------------------------------------------------------------------------------------------- Happy Tr4Ding and Stay S4fe !
U
by thecryer
4
TheKing unbreakable- This situation was identical in 2020. When people's saw the death of the king, and when the dip was followed with a boom. - i see only opportunites for new comers and smart money in this dip. - i won't explain much about my graph, it speaks by itself ( Check RSI ) - i will later post an update for this knife. - Don't fall in USDT like we falled in USD after wars. the real pain will be when u wake up and buy your croissant at 10$ in the morning. - Check my Nasdaq analyze there because everything his linked : Believe in Theking & Happy Tr4Ding !
CRYPTOCAP:USDT.DLong
by thecryer
21
TheKing play safety- i will try to explain how to play cautiously when we are in this kind of incertitude. - i always try to make some posts to teach peoples how to grow, avoiding multiple rekts and i also learn myself from others peoples everyday as well. - Right now we should be in a consolidation phase, but it doesn't mean that we won't get another dip lower, so have to be very cautious. ------------------------------------------------------------------------------------------------------------------------------------------------------------------- EMA's Method 2021 : ------------------------------------------------------------------------------------------------------------------------------------------------------------------- - So if u look my graph in 2021, BTC dipped from 65k to 28k - BTC dipped under Green EMA50 (50D), then dipped under Orange EMA100 (100D) and finally under EMA200 (200D). - With this Dip you can see on Graph Multiple EMAs Death Crosses : - Green crossed Orange - Green crossed Red - Red almost crossed Orange - Basically what you have to follow is the most important EMA. EMA200 Days, Red One, the most difficult to break. - When TheKing is under that EMA or get rejected, it means we are still bearish. - After the Dip you can see TheKing made multiple bounces and tried to break Orange and Red EMAs. - Then finally BTC broke up EMA200 and started to bounce up on it. ( Buy Time ) - Multiple EMAs Golden Crosses will show a new bullish movement. ------------------------------------------------------------------------------------------------------------------------------------------------------------------- EMA's Method 2022 : ------------------------------------------------------------------------------------------------------------------------------------------------------------------- - in 2022, the same scenario is repeating ( and basically it's always the same for years....) - TheKing dipped from 70k to 33k. - Again with this Dip you can see Multiple EMAs Death Crosses : - Green crossed Orange - Green crossed Red - and this time Red crossed Orange. - After 2022 Dip you can see TheKing again making multiple bounces and trying to break Orange and Red EMAs and got rejected. - So the basic method is to wait a strong break of the Red EMA (200D) - After this break we need at lest 1 confirmation ( TheKing have to bounce on it ) ( Buy Time ) - Multiple EMAs Golden Crosses will show a new bullish movement. - so if you try to look inside the crystal ball. right now a good buy could be around 47-48k. - For now there's nothing to play out. ------------------------------------------------------------------------------------------------------------------------------------------------------------------- What is very important to understand is sometimes there's nothing to trade !, sometimes the best method to trade is to not trade at all and wait. - "Patience is the ability to count down before you blast off" Happy Tr4Ding !
by thecryer
10
TheKIng Bear or Bull- just a simple analyse on facts, not really a prediction. - Weekly EMA 21: $45k ish - Daily EMA 200: $46k ish - TheKing reached an important momentum zone. this green daily candle was very huge but BTC have to close next weekly candle above 46k$. - After that we can consider to turn in Bullish mod and start a new rally. - For now i am not bullish and not bearish, just a spectator in this kind of areas. - i recommend to not play for now and wait for a strong breakout or a dip before entering any position. - Stay Safe Happy Tr4Ding !
by thecryer
5
A Story of TheKingQuick and short update. - Stories like to be repeated constantly in Trading, that's how traders try to forecast the future. - i invite you to research about elliott wave running flat theories. - 61.8% is still the "Golden Number" and we have to always keep it in mind. - Play like a Robot and don't use sentiments, adapt your trading style to situations. - in FA most of the Time, " Good news are coming when the trend is bearish, Bad news are coming when we the trend is Bullish ". This can be called also "Elite Manipulation". ---------------------------------------------- Target 1 unchanged for now 55,000$. ---------------------------------------------- Happy Tr4Ding !
Long
by thecryer
14
TheKing Lack of PowerOk i will be quick on this analysis and speak only about facts. - it seems that BTC new demand area was around 30,000$, everyone was waiting for 28k again but markets like to trick peoples :D - so we found support around 33,000$ ( BTC Bounced on last VPVR Demands from June-July 2021 acted as support ). - So for now TheKing made again one more HH and HL and we have to Keep that in mind. - Despites many peoples think we are in " Bearmarket ", i am not convinced yet about it. - Now we are still in a kind of doubtful zone, some Bears scare to short, some bulls scare to buy. - i used 3 Days timeframe because we can check easily the size of the candles, for now, it's like we are coming back to October-December 2020. ( Yellow Rectangles ) - We need need to see more big candles to confirm a strong reversal movement. ( same as green rectangles ) - TheKing have to break is downtrend (Orange Trend line) - So what i can say for now is, " there's no momentums in indecision ". - For now first TP is 55,000$ ( lack of demand after that. have to recheck in time ) - if we fail and dip again, demand Zone is 30,000$. Stay Safe and feel free to comment with logical facts and usefully ideas. Happy Tr4Ding !
Long
by thecryer
1
Short TheKing ? - ADX was always a strong indicator about Trends movements and strength, so read carefully the graph, this is a 2 Week view, in comments i will post 1 Month view. - Just Check ADX Overbought Zone and you will understand, for now, i can tell you that 82% of retailers are shorting TheKing and believe it will crash. - That said i can tell you that 86% of institutional investors and assets managers are Long on BTC. - So what i want to explain clearly is : - Whales are just waiting for a big dip to buy your Bitcoins, they always cumulate BTC, they move them out from exchanges and keep in their wallets. no matter if BTC falls to 1000$, they will buy more. - TheKing is still Alive because Whales never dropped their BTC, they dropped a bit for living, but this new nerd generation understood about the meaning of freedom in the "Satoshi Whitepaper". - Most of the Whales are not driving a Lambo but drive a small car, they fly coach, they visit the planet, and they go supermarket like you and me. - Retailers try to win money in the Both Ways because they are just greedy, Long and Short BTC, the problem is when you Short BTC you don't have your coins... you have your "Short Contract" (x2 at least). - When you are shorting a disinflation technology, it means you are fighting with something made for a best future, less poverty, more equitability, better world for your family. - When you are shorting BTC you are taking the risk that the exchange you are using close or get a hack, you cannot move a contract in an hardcore Wallet, but if you buy BTC, you can move coins in your Ledger. - When you are shorting BTC, you own nothing. Not your coins. Not your Key. just the wind. - i hope this makes some people's open eyes about a greedy financial system. - Believe in TheKing! Happy Tr4ding !
BITFINEX:BTCUSDSHORTSLong
by thecryer
23
TheKing get the Trend- i was waiting for a little more confirmations but it seems that this dip created a real trend. - we can consider a real trend when we have 3 points in the same line ( traditional trading method ). - You can notice in the graph that this support trend have much more than 3 points. -i made this analyze very simple and clear, everything is annotated in the graph : - Green Zone = Good - Blue Line = Line to break - Red Zone = Bad - For now we have to break this blue line to start a new bullish movement - We have to consider if TheKing dip down under 40k, it will be a very bad sign. (Red Zone) ----------------------------------------- Targets are unchanged : - 86k+ (161.8 Fibo) - 100k (200%) - 115k+ (261.8%) ----------------------------------------- Like Always play wisely and don't go all in, wait for breakouts or wait for Dips. Keep juice for both cases. Happy Tr4Ding !
Long
by thecryer
20