GMT- Going short for a whileNot the first time going short at this level:
Looking for some short positions to cover my exposure at this minute because of Bitcoin's rejection today
Hi everyone,
just as expected yesterday price attempted to break back into the ascending channel but it seems to be failing:
BITCOIN - Mt Gox adds to worries
There are still 40% chances of it happening but right now a new small dip towards 21,000 is more likely (60%).
With indices attempting a rebound, it would had been great to see BTC back into a positive structure (the ascending channel ) and hopefully it will happen before the Fundamentals kick in:
GDP (*Preliminary one, not the big one but still important) is coming out tomorrow and expected to be negative. It will also depend to see 'How negative is it'. Thus itcoins rebound might be delayed a bit more.
ALSO: Mt Gox could become Mt Cock.... stay safe for a while
One Love,
the FXPROFESSOR
*There are 3 versions of GDP released a month apart - Advance, Preliminary, and Final. The Advance release is the earliest and thus tends to have the most impact;
Why Traders
Care It's the broadest measure of economic activity and the primary gauge of the economy's health;
GMTPERP trade ideas
GMT STEPN - ON NICE SUPPORT 👟Market is SUPER VOLATILE but that's ok!
Some charts are better than others and GNT is the one of the best ones today.
In the last two quarters, STEPN, the popular move-to-earn project, has had to deal with regulatory sanctions, DDOS attacks, a downturn in the general cryptocurrency market, and a general decline in interest in play-to-earn games.
According to data from Dune Analytics, in the last two months alone, the index for the active players on the BNB chain version of the game has seen a 90% decline. Furthermore, after registering a high of 104,149 users on 26 May on the Solana chain, where the game was initially hosted, an 80% drop in players was recorded.
Additionally, with a decline in the index for daily players of the STEPN game, Dune Analytics revealed a steady decline in the number of new players that have been o boarded onto the platform since the beginning of June.
In the face of the general decline in active players, how have the project’s tokens, GMT and GST-SOL performed since the beginning of June.
I like this project and the Team behind it has proved they are of good value and they had to deal with a lot!
One Love,
the FXPROFESSOR
GMT STEPN: Not a Great Time to BuyGMT STEPN has Resistance at 0,83 cents.
This is the same level that made is HUGE amounts of profit on leveraged Longs just a few weeks ago as support, in 2 occasions: (check ideas below).
I like STEPN but my chart says ''wait, there are better opportunities right now'
Will make a video soon and explain how to see and use these kind of awesome levels!
One Love,
the FXPROFESSOR
GMT Descending triangle$GMT is about to breakout.
There are 3 crucial S/R levels to watch.
If $0.87 breaks, may face a 42% fall as the next crucial support is at $0.44.
A bullish short-term sign will be if GMT breaks bearish trendline and flip $1.27 resistance.
I don’t recommend buying STEPN, it’s better to earn it via its app!
GMT STEPN - 3 Days, 56% Higher 👟 ✔️Target hit for GMT and price might need to take a small break and a possible revisit at 1,15$ before going higher.
A classic example of how powerful crypto trading can be:
GMT STEPN - ON MAJOR SUPPORT (AGAIN) 👟:
Despite the noise of ''Chinese Crypto Regulations Force NFT Gaming App Stepn to Block Mainland Users'' the level served as a classic support we love to Buy...
One Love,
the FXPROFESSOR
👁️🗨️ You See what YOU WANT to See 🧠Further to our idea:
:
In other, more simple words: We See What We Want to See
Obi-Wan Kenobi once advised Luke Skywalker to not trust his eyes, because “your eyes can deceive you.” Most of us can recall an instance from our own non-Jedi lives when these words rang true. Think of a time when your eyes saw what they wished to see: a person you were thinking about on a busy street, a heart-shaped pebble you were looking for on the beach.
This phenomenon, called motivated perception, has been explored in psychological research for decades. Indeed, the world as we conceive it in our awareness is not exactly an accurate representation of what it truly is. Our perception is often biased, selective, and malleable.
Even our desires can affect what we see by impacting the way we process visual information.
IN TRADING:
We see what we want to see. You guys can see a million different ideas but your eye is just a gateway to the brain and that's where the problems start:
You will See what YOU WANT to see..and you will act accordingly.
Will make a small video to elaborate on this with some tips on how you can protect yourselves from your own EYES!
One Love,
the FXSHRINK
👁️🗨️Watch the video, i explain in the most simple way how you can stop letting your eyes (and brain basically) fool you 🧠
Psychological term: 👁️🗨️ Pareidolia 🧠Pareidolia (/ˌpærɪˈdoʊliə, ˌpɛər-/; also US: /ˌpɛəraɪ-/) is the tendency for perception to impose a meaningful interpretation on a nebulous stimulus, usually visual, so that one sees an object, pattern, or meaning where there is none.
In other, more simple words: We See What We Want to See
Obi-Wan Kenobi once advised Luke Skywalker to not trust his eyes, because “your eyes can deceive you.” Most of us can recall an instance from our own non-Jedi lives when these words rang true. Think of a time when your eyes saw what they wished to see: a person you were thinking about on a busy street, a heart-shaped pebble you were looking for on the beach.
This phenomenon, called motivated perception, has been explored in psychological research for decades. Indeed, the world as we conceive it in our awareness is not exactly an accurate representation of what it truly is. Our perception is often biased, selective, and malleable.
Even our desires can affect what we see by impacting the way we process visual information.
IN TRADING:
We see what we want to see. You guys can see a million different ideas but your eye is just a gateway to the brain and that's where the problems start:
You will See what YOU WANT to see..and you will act accordingly.
Will make a small video to elaborate on this withe some tips on how you can protect yourselves from your own EYES!
One Love,
the FXSHRINK
GMT STEPN - ON MAJOR SUPPORT (AGAIN) 👟STEPN at the same level that offered us a huge rebound just a few days ago:
Not sure if this level will work this time, since the market is VERY nasty and red at the moment but again: this is support
We are attempting a trade with a stop loss at 0,79 even if it's not so clear.
We can always buy again later if that happens...
our AUTOMATED all Time Support Level Alerts are ON, either we will be at the beach or in front of a PC we will take trades worth the risk, and eventually Buy at the ROCK BOTTOM (which is not yet).
One Love,
the FXPROFESSOR
STEPN - Epic Rebound and an 83% Run 👟We had told you, every Crash Generates Opportunity :
first of check this out: Back in April 18th , our chart and levels played out beautifully. Notice the 0.83 level
Yesterday, when that same level (0.83) was checked we posted the 'Opportunity Post':
Just how amazing technical analysis can be.
One Love,
the FXPROFESSOR
STEPN - Just a 4H Candle Later 👟Just 4 hours after our post: STEPN - Crash Generates Opportunity 👟
''Yes, there is panic everywhere in the crypto sphere but at the same time some charts are yelling: Buy Me!
We will post some SHORT positions on other charts today but STEPN looks like a GREAT BUY to us today. We are already on it.''
I will add something to it: Never Give Up-Never Surrender, Never stop Hedging, Never stop studying the Chart and your Trading will be better (for SURE!)
One Love,
the FXPROFESSOR
STEPN - Crash Generates Opportunity 👟STEPN was expected to drop and the market pushed it a lot lower than we had expected i our previous idea :
Yes, there is panic everywhere in the crypto sphere but at the same time some charts are yelling: Buy Me!
We will post some SHORT positions on other charts today but STEPN looks like a GREAT BUY to us today. We are already on it.
One Love,
the FXPROFESSOR