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Themarketknight

BTC USD IdeaBig Question, Should i Short BTCUSD Now? I have My Stop under 74463.96, this is for me price whats saying bullback is getting started, reasons would be that we are unable to push price higher in morning sessions, while ny session has not started yet, we dont have any bias as of now, thats what we call inside day when we are stuck behind yesterdays candle. Although volume indicators are deep back in range low after 66.783 price tag, these are technical indications. As of FA with elections and dollar news we could do massive moves still, We need to know that fundamentals beat any TA by far. So for me i don t close trade , i don t worry i just keep my stop tragged behind past day low and let it stop me out or keep going im not worried, i will not quess and short now nothing. We have not even lost yesterdays low, so why take a risk? If we get back in range and start breaking low of 66783 then ill look next plan. Intersting times to see what market makers will do! ill keep you posted.
COINBASE:BTCUSDLong
by themarketknight
BTC USD UpdateAfter months and months of anticipation, the long-awaited ATH has finally been broken through. So, what's next? We're now waiting to see if the weekly and daily candles close with bodies above the ATH. Until then, we'll continue scalping with a bullish bias, but we'll also hold our swing trade runners with stop-losses below the previous week's low. Overall, we've set clear goals and remained steadfast through all the pullbacks. We're glad our strategy has paid off. Let's see what the market makers do next. We'll keep you updated
COINBASE:BTCUSDLong
by themarketknight
BTC USD UpdateAfter months and months of anticipation, the long-awaited ATH has finally been broken through. So, what's next? We're now waiting to see if the weekly and daily candles close with bodies above the ATH. Until then, we'll continue scalping with a bullish bias, but we'll also hold our swing trade runners with stop-losses below the previous week's low. Overall, we've set clear goals and remained steadfast through all the pullbacks. We're glad our strategy has paid off. Let's see what the market makers do next. We'll keep you updated
COINBASE:BTCUSDLong
by themarketknight
BTC USD UpdateAnother monthly bullish candle has closed, but the bullish bias stopped the trend just before the all-time high in BTC/USD pair High liquidity has been grabbed, and we've seen a massive bearish reaction. I have a runner and a stop-loss below 65,149.51. If we lose this level, we're in bearish mode. Let's see what market makers are planning to do this week and what the overall end-of-year price action will be. I'll try to share some good setups, but going long just before we missed taking out the high looks a bit risky, so I'm in scalping mode, sitting behind order flow software and trying to catch a high-volume ride somewhere. I'll keep you posted!
COINBASE:BTCUSDLong
by themarketknight
BTC USD UpdateAfter 4 days of filling orders, we got moving with it. This allowed us to fill up orders for days. Something told me it was too good to be true and that it would wick us out, so I left a huge stop-loss and also placed a spot order long just in case. Now we have orders from last month going, plus new ones. I'm really all-in till 70k liquidity level. After 70k I also want to leave a runner. I don't know how far we will go with it, but the trading conditions are good and easy as of now. I hope you guys are taking advantage of these markets and are profitable. I'll keep you posted if we lose bullish momentum or something comes up. Stay calm now and enjoy the ride!
COINBASE:BTCUSDLong
by themarketknight
2
BTC USD IdeaWe were really hoping to see the price cruise through the 70K target, which would have turned the previous bearish range bullish. However, the market maker has taken lout last week's high, and we're now seeing a bullback . My ideal scenario is to enter the mid-range, fill all the gaps from last weeks price action , and leave last week's low in place. This would be also a discount zone at the current range, where I can safely start adding scalps and swing long positions. While this is my ideal plan, let's see what actually happens. For now, I'm scalping through my important levels and observing how things play out.
COINBASE:BTCUSDLong
by themarketknight
BTC USD UpdateAbsolutely peaceful to trade the BTCUSD pair this year, not going to say that there weren't a handful of sleepless nights, but much easier than to trade shorts previous years. So, here we are now with TP 5 and 6 ahead of us. 70187.53 is the first with not too much resistance under it. Let's get into this liquidity first. If we get a bullback, then we just keep adding to the position. As of now, just enjoying the numbers on the corner of my screen. I'll keep posting if something happens."
COINBASE:BTCUSDLong
by themarketknight
BTC USD UpdateQuick weekend update: It's important to know that we are in a premium range with a bullish bias, and I have mentioned countless times that I do not enter swing trades in these low probability levels. So, we have a runner from last month, and we've taken profits, etc. We keep adding scalp positions only as of now. So, we have added some more scalps in and took quick profits, and have 2 more runners for the same trade here, which I shared last week of the current untapped Daily Bullish Orderblock. The trades are cruising alright, and we got all that volume over midweek trading. So, the plan now is to see if the plan starts to go our way. For that, I need to see 64,467 taken out. If that doesn't happen, we go ourselves a week low, meaning we got tricked into a buy trade, and the market maker will take us out with shorts. They play these tricks day in and day out to make billions on the market. So, we as small fish need to be smart, mostly patient, meaning wait for a break first, and then all you need is some sort of bullback and step into the trade with a validated high probability low, which becomes a safe stop for the investment. So, let's be patient and stare at the screen for a few days before we make a new decision to double some cash. Happy weekend!
COINBASE:BTCUSDLong
by themarketknight
BTC USD IdeaWe need to recognize that we're currently at a range high premium. Bullish entries from these elevated levels typically have a lower probability of success compared to entries from discount lows. Therefore, we need to be cautious and strategic in this price environment. For me, the 57477.00 low is the last bullish low I'm willing to consider. If the price fails to hold above this level, I won't attempt to go long, as the risk would be too high. Instead, I'll focus on absorbing the price action and taking small profits through scalping. I'll avoid large trades as of now, we will keep U posted
COINBASE:BTCUSDLong
by themarketknight
BTC USD IdeaCurrently, we're seeing a reversal on the daily timeframe, having broken through the first range low of 62652.99. My next step is to wait for a potential dip in to discount and see if we can get another bullish entry. Overall, I remain bullish and am patiently waiting for the market to turn bullish again. If the trend turns bearish, I'll simply start to sell the asset. There aren't many immediate swing trading opportunities at the moment, so I might consider some in-and-out scalps if the volatility remains high.
COINBASE:BTCUSDLong
by themarketknight