GoldsteinTheProfiletrader

GoldsteinTheProfiletrader

In my previous idea I was talking about the end of the bull market, that BTC won´t go for new ATHs. I am still sharing this opinion as long as BTC won´t claim the pmPOC above, as long as it doesn´t build value above. All we have seen was a "look above and fail" which indicates weakness. This could result in a huge FTR (failure to rotate), bring the price back...

GoldsteinTheProfiletrader

I have been very bullish on ADA in the previous idea. We bought at 0.61 ish for good reasons and dragged it all the way up to the pmPOC at 0.73. It was a major TP level for good reasons. Price did not show any acceptance above, which is bearish. This could result in a complete FTR (failure to rotate). In this case, we will target the origin of the move. All the...

GoldsteinTheProfiletrader

EOS is leaving a huge liquidity trail behind. Just look at the 4 hr higher low wicks. All these wicks are just representing stop losses. The pwProfile (previous week profile) is showing us short-covering. Aggressive short-term buyers are competing against long-term sellers who will target all the lower liquidity at some point. I took a small short already here...

GoldsteinTheProfiletrader

In my previous btc idea I was looking for lower prices, more into the 72k region or even lower. We got a lower low, some nice shorts and gains but that was it. No touch of 72k or lower prices. The bigger pullback to the upside was expected, but came a bit earlier tho. That´s fine tho. Is it bullish now? Are the bears exhausted and will bring the price to new...

GoldsteinTheProfiletrader

JTO looked terrible for a looong time. Now the market is way too short on it, which is visible in all the b-shaped profiles. That means we had very aggressive sellers that forced the price to the downside to liquidate the longs. Once that is completed, it leaves the market without underlying selling potential. So the aggressive sellers will become the victim, as...

GoldsteinTheProfiletrader

SUI had a significant rise in the past week. By extending last weeks pwProfile, we can see that the POC didn´t move at all. Value is far more important than price. Price is simply advertising opportunity. That´s why I strongly believe that it will retrace a lot. We also had some short-covering in the past days. Those profiles need to get re-inspected, making their...

GoldsteinTheProfiletrader

Now it looks a lot like acceptance above the pmPOC. Volume is building here and it doesn´t look like possible excess anymore regarding the previous bracket. By extending the pwProfile (previous week profile) we can see (white range) that value is building higher (the POC - point of control) is higher than in the pwProfile from last week. If bulls keep up the...

GoldsteinTheProfiletrader

Fartcoin offered a very nice long opportunity below the bracket, because price broke to the downside on decreasing volume. That´s not what strong bears wanted to see. So over there one could have accumulated a lot, wait for the bearish auction process to come to an end and then trade it to the upside. The minimum target was, of course the top of the bracket. After...

GoldsteinTheProfiletrader

The March price action was based on aggressive short-term sellers. Who are they fighting? Short-term traders are always competing the long-term ones. So in this case the opposition is formed by long-term buyers. They are only accumulating while the aggressive sellers enjoy the gains, shooting for more until they end up being under water. The pwProfile (previous...

GoldsteinTheProfiletrader

In my opinion the pwProfile (previous week profile) is not bullish. This looks a lot like shorts covering. Long term-holders are taking profits off their shorts. The recent uptrend left a big zone of singleprints behind which could get filled at some point. The context of the singleprints within a possible bearish profile rotation matches very well. Up here...

GoldsteinTheProfiletrader

I am not sure how long this pullback on BTC will last, but it is a weak construct. It was a frontrun of the pwPOC, which is the next relevant level. In my rulebook it doesn´t count as a hit, it is just a frontrun. Price going up, OBV going down, that´s only a short covering rally imo (shorts taking profits leading to higher prices). There is a proper fib pull in...

GoldsteinTheProfiletrader

CTC jumped into my eyes because of the OBV. It is going higher and higher on every pullback while maintaining lower highs in price. Looks like MMs keep dumping onto naive buyers that try to buy every "cheap bottom". This is absorption at it´s best. Seellers are really loding into longs at local highs. Price reclaimed the pmPOC but that alone isn´t bullish enough...

GoldsteinTheProfiletrader

ORDI: Yesterday in the morning I was pretty bearish on ORDI but my first short scalp attempt got stopped. Price kept flipping supply into demand in the 30 min timeframe and I catched a long from demand. I was aware that price is facing resistance and that it definitely needs to keep going locally. It shouldn´t start showing weakness. Then it SFP´d it´s own local...

GoldsteinTheProfiletrader

ORDI had a nice drop since the upper golden pocket, as mentioned in the previous TA. Price also had a good local drop since the last post, but bears are just about to begin. Locally I am also bearish and want to see continuation. The previous high confirmed trapped longs but buyers stepped in at the range POC. Now the price is in the same zone of the previous...

GoldsteinTheProfiletrader

I took a short at the golden pocket, because sell pressure came in. This was shown by 30 min one time framing. The upside move and retest of the 0.5 fib normally looks bullish to me and in the past I would be only in long mode since 30 min otf from the 0.5 fib. In this case I wanted to actively counter trade the bulls from higher prices and the setup was given....

GoldsteinTheProfiletrader

We have seen a major crash on BTC exactly like expected in the last TA. Target´s below 52k were hit, but what´s next? Obviously that extreme weakness didn´t last very long and price is back above 60k. The last save buying opportunity with confirmation has been around 57k. We are up a good chunk but I still want to see higher prices like 64500. Imo this will be the...

GoldsteinTheProfiletrader

Why am I more bearish on BTC than bullish? Why will I be more bullish on BTC after a huge dump? Why do I think that BTC will go to 52k and even lower before we see a new ATH? As you guys know I love to use my sequences from the sequence system. It has proven itself to be very reliable. Sometimes the direction can be unclear when there are two active sequences (one...

GoldsteinTheProfiletrader

Hello guys, I hope that you are doing well. I am bullish on BTC since it wicked to 23k in August. The last major long have been taken around 28k with profit taking at 35411 (preset with limit order) because I wanted to see the price finishing the smaller bullish sequence. Now there are two options for the future price movement: 1) BTC will correct the smaller...