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Themarketknight

BTC USD UpdateWe are trading into Bullish Take Profit One, which also makes the structure on the daily timeframe bullish. Good news for scalpers, but I'm into position and swing trades. I really wanted to get deep into discounts, but oh well, we make the best out of it, whatever market makers do! We need to adapt around it; it's a job. So as of now, we have a bunch of bullish runners from scalp trades, and I'll just leave them on, hoping to get to new highs. Volume on BTC is back, so why not dream big!
COINBASE:BTCUSDLong
by themarketknight
BTC USD IdeaHappy New Year, traders! We have absolutely sick price action in Bitcoin charts. Every single swing trade for big players is being liquidated on every daily fractal. It doesn't want you on trades. This means two things: they eat up sells and buys. It's really hard to hold large trades with this price action. As of now, we have a next TP, not yet liquidated, bullish bias with a first take profit at 102735.99. We are in scalping mode as of now, and we do not trade on bias; we are hedging the market as of now with small entries, and then we get a few runners in the end and loads of stops also. But nobody in the world can guess where it will go. Best for us would be for it to go lower to a discount price, and then we can load positions again for higher. I'll keep you posted if I see good volume on my software. Stay calm with this price action. There's no need to buy Bitcoin at a 90k price; there are a million other assets booming at the beginning of the year
COINBASE:BTCUSDShort
by themarketknight
BTC USD IdeaWe are closely looking level 90,682.58 on the BTC/USD pair. It appears the market is entering a bearish pullback towards the end of the year. On the order book, we see large funds selling positions to secure year-end profits. We consider this market condition a pullback phase if we break through the 90,682.58 fractal low. This is normal and occurs every December in the markets. Overall, we only scalp trade during December and January, without expecting any significant moves. We will keep you posted if volume returns to the markets.
COINBASE:BTCUSDShort
by themarketknight
BTC USD UpdateAs a trader, it's really hard to keep up with this mega asset. We saw extreme buying orders coming in last night. We had swing trade runners targeting 100K for a few months now, but all of them got stopped out overnight while I was asleep. I'm now out of my trades, and the price is still climbing. Overall, it's been crazy profitable, but we need to acknowledge that it will eventually outperform us all. So, I'm thinking of calling it a year with this extra nice ending. But trading is a tricky game, and I'll still be looking at the charts every day. So, what's the point of quitting? Let's see how it performs and if it gives us good entry points.
COINBASE:BTCUSDLong
by themarketknight
BTC USD Update99K price tag as of now, absolute money machine, top asset in my book, just great to open screens and see how this thing has moved again and again. Absolute best year in history of trading. So what happens if we take 100K? Well, we have 49050.01 low to play with. If price gets some sort of bullback, we're cool with it. I'm not closing my spot trades, allowing the chart to breathe. With scalps and swings, I'm definitely paying myself. Well, I'm keeping stops under 4H structure points as of now. But oh boy, what a great feeling to see this thing taking off like a rocket.
COINBASE:BTCUSDLong
by themarketknight
1
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