BITCOIN- Video UpdateApologies for the noise guys but I am training a bunch of people these days and the noise here is ON.
Take a look at my video and see what my trading plan is, how I am bearish (short term-right now) but on ALERT for a potential HUGE movement upwards if the price breaks resistance.
hope it makes sense and it's not too confusing.
One Love,
the FXPROFESSOR
Whales
Marine Biology Holds The Answer- (Whale is about to Poop 🐋💩)Don't laugh, this is a serious question on a serious chart by a serious analyst.
As you can see on the Bitcoin chart, it has been totally a Whale's game for a few weeks now. Our usual technical analysis that had been performing like a Swiss watch until then, suddenly stopped producing the usual 'buy here', 'sell here', 'buy again here' pin point successful prognostics.
Something was going wrong but I have just managed to 'see it' in the chart... it is a Big Fat Ugly WHALE with a nice smile on her face. Whale ate a lot of candles, red and green; and a lot of liquified positions.
Surprisingly enough the Whale analysis (technically it's called Marine Biology Exponential Moving Whaling Average) agrees with my technical analysis:
The price is about to get volatile and pick a direction (the wedge)
The Whale is full and is about to POOP💩
I immediately had to run to Google to find the answer, since I am divorced and I have no encyclopedia at home (a wife who knows everything💡).
so I Googled this: '' where does whale poop go'' 🤔💭
Google says it goes up!!!! Unlike fish poop, whale poop floats! ! BITCOIN WE ARE GOING HIGHER!! 🤩✨🤗
JUST BE CAREFUL: Usually whales fart first (false breakout) then take a nice dive before releasing their flying shit all over the chart. - WHAT A RELIEF THAT WILL BE FOR ALL OF US!!!
FXPROFESSOR
Uncertified Marine Biologist and Whale Shitologist
ps. whale poop is expensive. It goes for $7,000 a pound - that means Bitcoin will start a rally to 77,000$
Wyckoff Accumulation (Update)For the past month Bitcoin has been in a very boring sideways moving range. However this pattern shown in the chart is a Wyckoff accumulation pattern which is used by the big whales to manipulate the market and acquire as much Bitcoin as possible while making the weak hands sell their Bitcoins by bulltrapping and bear trapping as seen in phase B and C. If BTC can hold the 33k level until the next daily candle this might be the last time we see 33k. We are at the very end of Phase C according to the Wyckoff accumulation pattern and are starting Phase D which signals a huge move towards the upside before consolidating a bit and launching even higher in Phase E. This would be a really good long position to keep an eye for. RSI on the Daily is also looking very bullish. It has been trending in a downwards sloping resistance for a couple of days now and a break up is inevitable and could result in a big move for Bitcoin! have linked a picture of the Wyckoff accumulation pattern. Good luck traders!
Bitcoin Breaks Back Into Falling Wedge, Zero's in on Elliot WaveIf anyone tells you they know what Bitcoin is going to do here, they're lying to you.
I do not like that BTC broke back into its Falling Wedge, but it is still respecting the bottom of the Wyckoff Trading Range by not breaking back into the purple area.
In a previous post, I noted I was watching for both of these events. The first has happened, so we watch for the second now.
I remain bullish in the short-term, though, as we see additional confluence in the Elliot Wave in its final leg.
To confirm, I'm looking for BTC to climb back up above the wedge today or tomorrow, likely re-re-test it again, and if it succeeds, create the last upward leg of the Elliot Wave. If this ends up not playing out and BTC closes a candle within the purple, then we start to look at a possible Redistribution instead of an Accumulation. We're not there yet, but we consider it as we implement Risk Management.
We all want BTC to start going up. but the people that make money are the ones that look at the current situation as objectively as possible. Every bullish scenario has a bearish counterpart. We need to know what that is and prepare for it no matter how unlikely. this price action is boring, but it's building to something, and there's money to be made - whichever direction it ends up going.
Resources
Elliot Wave Theory - www.investopedia.com
Wyckoff Redistribution - stockcharts.com
Hope everyone is getting ready for a great 4th of July weekend here in the states. Be safe.
******
I'm starting out my Twitter account for Crypto. If you want "bottom line" content that doesn't spin you in technical circles or tries to sell you something, follow me if you'd be so kind, and share your thoughts. We're all learning, let's make money together .
Has This Happened Before?Without a doubt. Over and over and over again. This has happened throughout the entire Bitcoin run, going back years. Basic, proven market tenets and strategies withstand the test of time, and when someone can identify them, there's potential for bigtime profit.
If you have read my previous posts, you know that I'm tracking a Wyckoff Accumulation phase that is encapsulating a Falling Wedge pattern. Accumulation phases are used by Market Movers to force weak hands to panic sell their positions so that they can soak them up at cheaper prices. When these movers have squeezed the sponge of every last drop, then we begin the Markup phase where prices climb, and money is made.
But we do not have to speculate if Wyckoff Accumulation is a real thing. Despite being a tried and true strategy for decades in the stock market, a quick scan of past Bitcoin price action shows history repeating itself over and over. I'll show you.
Current Accumulation Pattern
Accumulation - November, 2019
Accumulation - June, 2018
Accumulation - March, 2018
And so on, and so on...
Keys to Making Money in Crypto
Strip Out the Emotion - The market doesn't care about our feelings. Find the patterns, look at the data, make decisions based on that.
Stop Trying to Get Rich Quick - Pump and Dumps are scams. Don't GAMBLE in Crypto. INVEST.
Learn the Patterns - Learn solid Technical Analysis. What are the candles telling you? What are the patterns telling you? Don't worry about what the YouTubers are telling you. Their motivations are different than yours.
Trade Like the Whales - Learn what Market Movers are thinking, and move when they move. Market Psychology is designed to make you sell when you're supposed to buy, and buy when you're supposed to sell.
Implement Risk Management - Don't invest more than you can afford to lose, and protect your positions with stop losses.
******
I'm starting out my Twitter account for Crypto. If you want "bottom line" content that doesn't spin you in technical circles or tries to sell you something, follow me if you'd be so kind, and share your thoughts. We're all learning, let's make money together .
Bitcoin Holding Steady Above it's Falling WedgeThe crypto market as a whole had a great day today. We all breathed a sigh of relief when Bitcoin FINALLY DID SOMETHING DIFFERENT. And for those that have been paying attention you'll know that Bitcoin continues on its Wyckoffian Accumulation pattern, having finally broken out of both its Falling Wedge and the lower resistance that makes up the Trading Range.
As of the time of this writing, we're seeing a slight pull-back, more than likely to test the top of the Falling Wedge - a Wedge, by the way, that most YouTube cryptoers hadn't even acknowledged until they needed a bullish signal to justify the breakout to the top, when they were scaring their viewers of an impending dump to the 20k's.
I like to take things one step at a time. So for the next day or so I'm not worrying about 40K or 50K. I'm laser focused HERE:
This is where we live for the next few hours. Everything else is noise. Does Bitcoin respect the top of the Wedge as support and continue up?
If the answer we get is no, then the next area I'm looking at is this:
Does Bitcoin respect the top of the Accumulation Trading Range?
If the answer we get then is no, then we look for the bearish scenario and a dump down below 30K. And while I don't believe this scenario will play out, remember that Accumulation is an intentionally executed strategy. A euphoric (albeit small) pump to the upside has massive psychology behind it after weeks of boring sideways movement. It is reasonable to believe that Market Makers would use that and then dump the market to incite a final panic sell. So be careful, and remember that dips are not scary. Dips are where wealth is made.
I'm starting out my Twitter account for Crypto. If you want "bottom line" content that doesn't spin you in technical circles or tries to sell you something, follow me if you'd be so kind, and share your thoughts. We're all learning, let's make money together.
Bitcoin road to 200kI think this is one of the possible scenarios for bitcoin this cycle. I am not saying is going to happen exactly like this, but i think can be so similar. I think we bottomed and now we can reach $100k in next months before next big correction where everyone will think again "this cycle is end" before really big moves, mania phase and euphoria.
Whales strategy to grind horizzontally through resistance?I think Whales trying to squeeze shorts horizontally and trying to push through resistance whit limit orders on support levels. This strategy is the same which pushed btc over the resistance on JUN 26. Once shorts are met and liquidated, whales slowly push up until new shorts are met, then start to liquidate those. In the meantime try to build up momentum reversing hourly MACD. Eth momentum have possibly an effect on keeping the hype up and push btc price up.
whales strategy for current breakthrough in BTCThis is just my theory on what's going on. Instead of fighting their way up, btc whales are fighting for support and reversing MACD 1h trend. Instead of buying at increasingly high price, i think whales are also taking advantage of eth ramping actions. To go through resistance, it might take some time, and the battle might get rough at next MACD switch.
I believe we are near the bottomI believe we are near the bottom and soon we will see huge breakout + glorious short squeeze. Everyone is extremely bearish at this point, whales in bitfinex are manipulating the price going down to buy more, short term holders are capitulated, month 1.68 fib is holding pretty good at 30 keks. I am not sure exactly if we bottomed or we can go on wick to 27-28k but at some point i think we will breakout very fast and huge.
BITCOIN - The Whales Haunting Party 🐳Hello everyone, rouzwelt here
I'd like start by saying things in crypto market have not been going good lately in last couple of months as we all know and after the massive sell off that happened in quite short time (a week), many got wrecked and market hit was painful. After that we entered the 30/40k area, the area which at begging everyone was speculating about the break up or down from it, we got a V-shaped recovery at first which rejected and dumped to low 30s and at mean time most of alts dumped even more, but that was not enough for the sentiment around alts to change, many still were looking for long positions on alts believing they can rise higher than they already have at that moment, but that was not the case as the second leg up rejected as well as the third and fourth one. That made alts to suffer more as some fo them were ridiculously over-hyped like ETH Classic, a coin which is dead by any means but pumped beyond belief.
We all know who is the king in the crypto market and let's be clear, after such dump happening to BTC, it was going to be difficult for the entire market to rally up when BTC clearly wasn't at its best form. After all you need the king, the leader, to lead the way forward. So if BTC is not in form alts can't do any better.
So now we are still seeing a lot of speculation about breaking up or down and we have not yet seen any. That makes me to think that we had a lot of orders and positions in this range getting stoped out or liquidate. I believe whales are having party in this range, they are enjoying messing with bulls and bears here, even for those of us who wait for confirmation to enter a trade. This range so far is a good place for whales to have their party in and I'm not sure if they're done with their party yet or not, they enjoy taking money from all the new bloods and speculators in the market. Well one can position him/herself along side whales and enjoy the party, but must stay alert cause when whales open their mouths they can eat anything coming in their way as well.
Last week we started dumping again after a rise to 41k as many were looking for going long and just got a fake out, and the dump itself looks now it is fake out (we should wait more to see if we go further down or rally up). I think that the more we stay in this range the better it would be for BTC and the whole market, cause everyone is looking for a break up or down and when thats the case we might not get one until the sentiment of majority changes.
I said sentiment, let's talk about it a bit more. until recently the sentiment around alts didn't change significantly as I mentioned above, and thats not a good sign for rise after such sell off. Short to mid-term I think the focus must go into BTC again, I mean we need more money from retail and institutions to go to BTC, and thats a slow process, well it better be, because any quick massive rally up most of the times brings a quick massive dump like a dead cat bounce that I think no one wants, we all want BTC and alts to grow, but one must be patient, and position him/herself accordingly.
So I think the more BTC stays in this range the better, its just a matter of time cause I'm bullish BTC long-term and by long-term I mean more that 3 - 4 years, but in short-term anything is possible and waiting for the right moment is the key here. If you are in from 10s or 20s you're fine, if you're in from 30s to 60s you should be clear about it with yourself, what was you main target before entering? and how long you wanted to wait for your target to be reached before entering? if you have those answers then you already know what to do.
But for those who are new and didn't think about those questions and lack experience, you better start thinking about those questions cause anything can happen, and you better have a plan and manage your risk, so you can be here when the market heads higher again.
And for the final point, trading is kind of a zero-sum game, in order for one to gain profit another one must lose, its just how it works, many new people coming in at the top were needed for whales to lock in their profits, this happens all the time. It's just a matter of time before we enter a new bull run and you should be ready to not be the that guy who is buying the top again and handing your money to others. I believe at the moment BTC can go either way, its not clear yet which direction it will go as I stated in my last idea (you can find the link to that at bottom of this post), we need more information and candles to print on the chart, but I say it again, if you are here long-term (at least 3 -4 years) you are just fine with buying at this point but if not you better wait for more information to come, as right now we are in the middle of the 30/40k range and when price is inside a range it's better not to open any position at middle, wait to for the price to reach either side of the range and enter based on the info you have at that moment and I should note that short-term we are in down trend since couple of months ago and you better be cautious going long cause the trend is against you.
For me here, I will scalp in this range with the lowest risk possible and when I see a clear sign of break up or down I'm gonna open my swing trade and I will be posting about it when the time arrives.
So like most of you I'd like to see BTC rise higher and higher, but I know that it must be gradual growth to be sustainable long-term, the whole market clearly needs more money and more adaptation to head higher and that takes time, we need to see more people coming in with knowledge about crypto and belief about the value it adds to our life.
Have fun and trade safe.
BTC/USDT SHORT...BITBAY:BTCUSDT
Like I already told you. DONT LAUGH AT ME...
I mentioned that I WILL NOT DO ANYTHING :) and you laughed at me. But it is okay.
Hope we will do better now and help each other and send me a more informative criticism not just bullsh^t comments.
I am here to share these trades
I have been telling you not to do anything unless we are close to that 30K wall. We need to hold that wall and or we will fall if we don't.
The only mistake i did with you guys is I DID NOT let you make aware that we will face a huge fight of FUDs and Official news even tho it is old.
This is not Bear Market (prolonged) this is just place we need to retrace from a raging heights from 10K to 30K to 40K back to 30K to 50K to 64K and we are here.
Still fvvck the government. Let's not say things about race. Government are one and their goal is to control us. Real Democracy is Decentralized. This is the time we can own something finally don't sell your BTC to the whales and bad whales. They will really buy it.
my techanalysis is still the same for the last week. I am the only consistent. I wont change. we are still shorting this then take profit to safe coins then move those short profits at buying more good project coins...
HODL wallet I have is...
$LTC $BTC $ETH $ADA $LINK $DOT $BNB
The Liquidity GrabI'm going to do my best here at explaining the basics around a liquidity grab (some times called a stop hunt), why it happens and how it works (ignore the chart I'm using, I'm not saying this is a manipulated move just showing you an example of how it works)
I often refer to this in my playbook as an STL "Sweep The Legs" coupled with a picture of Johnny Lawrence from the karate kid lol
First you need to understand that Big money plays a different game to retail.
When you want to place a buy order at a specific price point, lets say your buying a thousands dollars worth of BTC @ $30,000, you can put an order in and boom it gets hit your filled and your ready to go to the moon.
Now imagine some bigger traders who play with a lot more money than you, lets say there order is more like a billion dollars.
Well in order for them to fill there position, there needs to be a large amount of selling at that level other wise they may only get a small piece filled...... theeeeeen of course the price moves away and your priced out of the market (imagine putting your $1000 order in, only getting $10 of it filled and then having the price moon....yeah it would suck)
They do not want to chase candles or buy up the order book, thats just not good business, and if you have to do that in order to get your orders filled thats a good indication that there is already liquidity issues within this market and you may have a similar problem trying to cover of your position later on.
So these players some times need to hunt down and find or even artificially create liquidity pools for them to take a big bite at like pigs at the trough.
One of the easiest ways to do that is to look for the most obvious levels of support with in a trend of sideways channel and look at the buying thats happening on that level.
If we dont get an instant recovery or bounce at that level it can normally indicate price being trapped or held down in order to encourage more retail to "buy the dip" or buy on support as these are some of the most basic tools and strategies taught to retail traders.
Now one thing to remember when all of these traders/investors are in there positions from this level, there will be a large number of these traders protecting capital with stop losses, normally under the level they where buying at.
This now created a liquidity pool...... You see every stop loss on a BUY order, becomes a SELL order, and with so many BUY orders created and entered at a specific level that means the stop loss orders are stacking more and more on top.
Think about it like this, if we hit 30k and someone buys $1m worth, that means there is possibly a SELL order (via a stop loss) of roughly 1m under that level.... now we hit that 30k level again, and someone buys some more, maybe another $1m worth... well now there is roughly $2m worth of SELL orders in that stop loss zone. Hit that 30k super sweet safe support level 5 or 6 times and all the sudden you could have 8-10m worth of SELL orders at a single price point below support.
Now if I wanted to enter this market long and I had 10m order to fill, it would make sense for me to run the price down to clip these stop losses creating a large amount of selling straight into my pig of a buy order.
Once my orders filled I can stop holding the price down and let the price begin to organically rise again, this often creates fomo for all the retailers who just got knocked out of there trades from "tight stop losses" to chase the market back in only adding to the momentum and mark up of my position.
The same thing can happen in vice versa when they are covering or exiting a position as well, and its often followed by a square up to reduce or remove the risk taken on to manipulate the price during there accumulation or distribution of there order, more specially into a short position as they take on more exposure to the underlying asset to manipulate the price, in a long there exposure is fiat and there isnt any need to cover. (ill explain square up in detail next time)
This is often what is referred to as a liquidity grab and its how big players enter the market, they do not chuck a limit order in on Binance and hope for the best...
I hope that made sense and added some value, but if you have any questions please chuck them below
BTC/USDT DEATH CROSS (I am not doing anything)BINANCE:BTCUSDT TF 1D
Sometimes Lazy is good, We rode that 31K you saw our previous Chart.
Yet to admit I really acted like a whale getting greedy to the Death cross momentum and
get the 20WEEK MA be Gold Cross for everyone not just for me and for you as well.
Open your eyes it is being fished we are fished by whales. Why not let the whales vs whales...
Let sit at the bottom of the ocean floor and buy the whale that will crash. Let's not fight it.
REMEMBER WE CAME FROM THIS TO HERE WHERE WE AT SITTING WHERE THIS DEATH CROSS; it's Inevitable!
15/6/2021
> G7 Leaders Ask Russia to Urgently Identify Those Who Abuse Cryptocurrency in Ransomware Attacks.
> Experts: Regulatory Uncertainty and Slow Embrace Hampering Crypto Growth in Kenya. Here
> Crypto Not a ‘Viable Investment,’ Goldman Sachs.
> Johannesburg Stock Exchange Rejects Bitcoin ETF Application, Cites Lack of Regulatory Framework.
> MicroStrategy could hold more than $4B in Bitcoin after latest private offering and crypto purchase.
> Bitcoin price hits $40K as Paul Tudor Jones slams Fed inflation claims.
> Lack of crypto regulations alarming, says Italy's stock market regulator.
> Bitcoin sell pressure may hit zero in July thanks to Grayscale’s giant 16K BTC unlocking.
> China debuts blockchain-based digital yuan salary payments in Xiong’an.
> Korean banks will need to classify crypto exchange clients as ‘high risk’.
> Paul Tudor Jones on the Fed, Inflation and Why He Recommends 5% in Bitcoin.
> Bitcoin Remittances to El Salvador Surge 300% Ahead of BTC Becoming Legal Tender.
> New Zealand already had a bank recognize to accept El Salvadors National Currency (btc) as an act of now waging war against them.
> Elon musk is operated by his own company. He is what he is and he does what his company needs, getting the news out and riding the obvious and claim he did it, and he caused that major movement at the market. (we know he did not)
> French Football Federation launches official player NFTs with Sorare.
Psych : they will use FUD to really push that price down until they fill in the depression stage where whales will be profitable on that death cross.
It is programmed to happen and it must, to call it a healthy market. Tendency small to mid hands like you and me are making ways to snipe that cross and call for a short. Sometimes doing nothing is the best thing to do. start selling your spot 50% incase you got left out at the top use your investment and 50% you sold to buy that efing DIP... in anycase still that is just how I always do it and it is aggressive and safe at the same time. Going High risk to security stage putting stop loss even at spot. Auto selling this coins using tools that I use like coin panel.
Whales are at it again....Elon Musk and Tudor Jones both came out talking bullish about BTC and it rallies up..... Come on people, we've seen this before, its called um.... oh yea, PUMP AND DUMP!!! (2 hour chart displayed)
Don't fall for the same tricks! Take a small amount of profit if it seems logical to do so depending on your position and buy the dips! Don't give in to the hype - and don't buy at the top of a wave! Oh yea, and have a beautiful day. :)
Sincerely your Crypto Helper Friend,
- Jay
Rising Wedge for previous correction vs Current oneKeeping it simple. This correction is almost done and it formed a stronger rising wedge than the previous correction.
The news narrative has changed to positive mostly as the Market Makers pretty much finished accumulating.
We should expect BTC to break 40K soon if there are no unforeseen panic events and I don't think our beloved market makers would like a broken market where nobody would buy their mostly fake positive news.