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Themarketknight

BTC USD IdeaWe saw a great reaction on Monday from the discount range, but encountered difficulties in achieving a rapid new higher high. We believe this could be part of a market maker’s scheme to generate liquidity. The first level that comes to mind is the 58,402.01 lows. Ideally, if the market attacks this level and then moves higher, we could see a bullish market shift. Let’s watch closely for this scenario to unfold. We’ll keep you posted on our approach when the time comes.
COINBASE:BTCUSDLong
by themarketknight
EUR USD IdeaWe are still in a bullish range, and London is currently driving us down into discount territory. Our preferred scenario is to see a bullish reversal. We’re waiting for the price to dip below 1.09090, knock out stops, and from there, we’ll look for bullish scalp trades. With news events incoming, we’re cutting our risk in half. Remember, it’s crucial to wait for a market shift before committing to a trade. It’s always better to approach the market with an "if this, then that" strategy rather than simply ''i guess it will Go'' . Lets see how it plays out in NY session.
Long
by themarketknight
BTC USD IdeaHi , welcome to a new week of hustling! On BTC, we’ve seen a pullback into the Daily Order Block. We’re starting to ladder into this trade with scalps, just in case the price turns bullish. We’re fully aware that we’re buying into a declining price, but our strategy and risk management are in place to protect us. Let's see if we get a rotation. If we lose this strong Daily Green Order Block, we’ll also lose our bullish bias on this range and will need to come up with a new plan. However, if crypto drops into a bearish pullback, that’s actually good news for us—we can add to our spot positions. So, it's a win-win situation. P.S. We only share strong beliefs and ideas here—no specific entries are listed. If you’re new and still learning how to differentiate between good and bad price levels for entry, stay tuned. We’ll be starting live streams at some point this year as we head into winter. Thanks for being with us!
COINBASE:BTCUSDLong
by themarketknight
DXY IdeaRegarding my BTC/USD and EUR/USD trades, we’re keeping a close eye on the Dollar Index (DXY). The recent price action has been confusing, but we are currently rejecting last Friday’s heavy selling area. This keeps us within a bearish range, and we’re anticipating a potential market shift to the downside. If this bearish scenario unfolds, we plan to let our EUR/USD trades run over the weekend. Let’s keep observing how this plays out. Stay focused, and let's see where the market takes us.
CAPITALCOM:DXYShort
by themarketknight
BTC USD Swing ideaBTC/USD has traded into a range discount and bounced back to premium levels. We’re closely monitoring the 59,487.42 level, which marks a 4H bullish market shift. Our eagle eyes are on this level—if it rejects and we see bullish price action, we’ll start looking into long compound trades. While it's uncertain if the market is fully bullish yet, we're cruising within a weekly bullish range, so we’re avoiding any large bearish trades unless that range is broken. Wishing you all a great weekend. Stay tuned and stay sharp!
COINBASE:BTCUSDLong
by themarketknight
1
EUR USD IdeaOur overnight scalp ran bullish but eventually got stopped out at the 4H Order Block. We’re now cruising within the dealing range near premium prices, so I won’t be opening any new buy positions this Friday. We managed to secure a 2% gain with yesterday's scalp, though we lost 1% to a stop loss. While it's a positive week, the returns aren't as high as I’d like after four days of work. But there's no need to dwell on it—overall, the numbers are still in the green. We’ll keep an eye out for the next opportunity and share any trade ideas as they arise. Have a great weekend, fellow traders.
Long
by themarketknight
EUR USD UpdateToday, we finally saw some volume return to the charts, allowing us to hit our first bullback target. We entered with a bullish scalp and are currently cruising along. While I'm not entirely sure if the market has fully rotated to a bullish stance yet, it’s Thursday, so we’re definitely taking some profits after three days of monitoring. We’ll leave a runner in case the move really takes off. Let’s see how the daily candle closes before making further decisions. We’ll keep you posted on our thoughts and actions. Stay sharp, and enjoy the ride.
Long
by themarketknight
BTC USD UpdateOn the daily candle, BTC is clearly rejecting the midrange. If today closes with a bearish pinbar candle formation, a possible flush might be incoming. I still stand by my strategy to avoid pushing trades in the middle of the range. Our goal is to catch a trade as a scalp into a swing trade, targeting the highs or lows of this range. However, the odds are currently 50/50, so we are standing by. Whatever the market bias ends up being, our recommendation is to enter on 1-hour or 4-hour pullbacks with precise entries. Let's keep being patient and wait for the right moment.
COINBASE:BTCUSDLong
by themarketknight
EUR USD IdeaAs our grand Bullback and Continuation Theory from yesterday could still be in play, there is a critical observation to consider: our daily candle wick 1.10089 closed only over the previous range high. From years of trading experience, this is not a bullish move warranting full risk on the bullback. To think like a professional trader, if the market maker didn’t push these highs, what's the reasoning behind it? Did they just grab liquidity and go short, or are we still on the path to continuation? The answer is elusive. Therefore, my swing trade idea here will be scaled down in terms of risk. Here’s my warning if you have a similar trading plan: Be patient. Market makers are extremely tricky, and there's no need to let them hit our stops. Wait for a 4-hour shift before making a trade. We will keep our ideas posted, so stay tuned and let's navigate the market smartly!
Long
by themarketknight
BTC USD IdeaConsidering the current deep discount price of Bitcoin, it's tempting to go long, especially after the recent 70% rally. Instead, I plan to wait for a few days to assess whether Bitcoin's price will experience a decline or if it will continue to surge into premium levels. While the current market conditions might seem opportune, it's crucial to acknowledge that we've been in a long position for the past four months. My initial target was set at $49,000, and I believe it's prudent to exercise patience and stay cautious. By waiting, we can better evaluate the market's direction and potential risk factors. This approach allows us to stay safe and make informed decisions, taking into account the recent significant rally. It's important to remain mindful of the potential volatility and ensure that our actions align with our long-term strategy.
COINBASE:BTCUSDLong
by themarketknight