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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
BTC USD IdeaWe ran last week's previous highs, and the structure is bullish. So, we logically need some sort of bull back unless the price is ultra-bullish and starts rejecting the local range on the chart with 62.709 low. If we manage to break through it, we have our bull back to trade lower. If we start to reject 62.709 +OB and shift the structure higher, we keep buying. Simple as that. Overall, on the weekly range, we are in premium pricing, so we do not buy spots, etc. It was last month when we were in a discount. If you missed it, it's not advised to make spot buys.
COINBASE:BTCUSDLong
by themarketknight
BTC USD IdeaOn the BTCUSD pair, we have the last bearish range POC to fight off. If the market maker pushes the price through 70k, we are very bullish. We are currently in premium prices. I do not add into positions after weeks of rallying from discount to premium. So, we just let it run with our last 1% of the runner. I moved the stop under 62652.99 and let it do its thing. If it drops, I'm out of the trade with 6% total after booking 3x2%. I love runners. Simply out of 100 trades, 10 runners of weekly or daily structure bring in 100% profit over a year period. So, never close all trades and get scared if you get in on a discount price
COINBASE:BTCUSDLong
by themarketknight
EUR USD IdeaThe big picture on the yearly chart would be simple. If the price manages to cruise through last year's high of 1.12757, then we have a yearly fractal low in our hands to trade bullish momentum, with massive up targets to get into large trades. The whole range medium, as on the picture, represented by the yellow line, would be a heavy buying target, and the second would be 1.25557. These are targets that ultra-large whales aim for. So, monthly, weekly, and daily bull backs are respected well. But first, we need bullish momentum. So, there is no brainer to hold trades.
Long
by themarketknight
EUR USD Update1.11393 is a price held as a selling point for orders that have been delivered from the lows. It's a great place for heavy market makers to sell orders into resistance. It's been a long rally, and now we don't do anything here. Let them sell, buy whatever, probably get in next week with some good price action after the monthly candle closes. I didn't make anything on FX the last two weeks. More importantly, I keep my fingers off the mouse for FOMO trades. I'll keep posting if something comes up.
Long
by themarketknight
EUR USD IdeaWe have no trades in this chart. The price has been bullish for weeks, and bulls have delivered the price into the destination of the heavy seller area to sell them. It's like a war zone. I wanted to get the FOMC fundamental bull back but got stopped out with a break-even trade, so I'm not trading it unless I see a daily candle start doing something. So, I do not scalp or do nothing. I want my scalps to have the possibility to run 10x or 20x. So, I use large time frame structures for small timeframe entries to hold my win rate high, meaning I need to sit behind the screen 80 hours a week almost. But my rates are over 65% since 2001. It's my trading style. I need volume indicators and fundamental, and everything match up before I click on the mouse. I'll keep you posted.
Long
by themarketknight