PLAYBOYP416

PLAYBOYP416

🔴 High Risk Short Bearish Market Structure Shift caused by price meeting origin of Daily MSS from Mar04. Trade mapped on the hourly timeframe; focusing on impulsive swing high at $5956.25 that created MSS. Entry on measured 61.8% fib retracement @ $5914.75. TP1: $5873.25 (1R) TP2: $5822.25 (2.25R) Second take profit level lines up with both 200SMA ...

PLAYBOYP416

I can clearly count 5 waves down, including an extended 5th wave. Following this, price printed a clear Market Structure Shift. I have marked anywhere from the 0.79 fibonacci to the swing lows as a clean buy area for the bullrun. Will be 1 of 2 "blue chip altcoins" allocations in my portfolio. Emphasis on the word ALTS. Cronos is not a bluechip. But in the...

PLAYBOYP416

August 27th, 2023 4H ~ because the US Dollar is clearly in such a strong uptrend, I believe the price action objective is to take out the HTF resistance. Whether or not the intention is to take liquidity or truly shift structure remains to be seen. Until the current red/green range is resolved, markets have no clear direction. Choppy and probably great to trade...

PLAYBOYP416

TV wouldn't let me write "ICT" in the title lol Anyhow, here's a great example of a clean SMC/ICT continuation trade on the 15min timeframe. I generally like to watch the Euro on the 4H, but since I don't have a setup at the moment, I thought I'd flip to the lower timeframes and play around with Replay. 1. The first thing that caught my attention was the break...

PLAYBOYP416

16/04 (HTF) Price broke structure Aug22; since then, LLs & LHs. until today LL into HH - possible reversal

PLAYBOYP416

Bonds at support Could mean weakening risk on environment One piece of the puzzle

PLAYBOYP416

1W: Behaving like a range; anticipating a bullish summer where USDT dom rejects the mid, confirms bearish fractal, and BTC pumps through resistances. Those should line up with a sweep on USDT, and present great swing short opps 1D: Play blue range until it’s broken

PLAYBOYP416

Would love to see run of channel highs/big sweep of liqs above 30K. Would load 1/2 position here, and other 1/2 on Daily candle close back inside range

PLAYBOYP416

04/04 ~ watching to see if PA can flip local res and run for highs, or if 617B remains ceiling for now. Rejection bearish for ALTs

PLAYBOYP416

04/04 ~ Need weekly close above $4147.75 in order for valid 5th wave to complete move. Anything less leads me to believe we get a pullback and one more push up into supply, before a greater correction. Plan: Wait for break and retest then short this bitch on Primexbt

PLAYBOYP416

A lot of ppl have been asking for my view on gold as an investment during this recessionary environment. IMHO, Gold just continues to be a great hedge at this time. Will it be great for growth? Not sure. Could just range for another 2 years. But $1611 remains key support for now, and on the tailwinds of the macroeconomic outlook, it’s reasonable to assume gold...

PLAYBOYP416

RANGEBOUND TIL FURTHER NOTICE Can play it as a range but this suggests to me Canadian and US currencies are balanced better FX opportunities. Like euro!

PLAYBOYP416

Yearly - 5 waves down into 3M demand. On monthly, EUR should be rallying to form a HTF wave 1 all year. Looking to play range of 1.03522-1.10328 with goal of securing solid HTF swing position. Weekly ~ Believe price will sweep the highs. Looking for wick entry for 1/2 size, and other 50% following candle close back inside range. Ride short to midrange

PLAYBOYP416

monthly uptrend, if HTF PA completes zigzag correction, can revisit HTF support trend line weekly, price in line w/ ABC. In April will see DXY complete 5th wave into demand @ 0.99 - 1.00

PLAYBOYP416

~ Price broke structure Aug22; since then, LLs & LHs. Bearish til MSB

PLAYBOYP416

Tue, 04/04 ~ 2023 has printed a HH into LL @ gfib; a setup for reversal. Next wave should form LH. This should be btwn 4.361%-4.580% Us govt reversed 2/3 of QT recently (hence recent downtrend) so could see weakness in 2yr over coming months Rmb Bonds down, mkt up and vice versa

PLAYBOYP416

As far as I can see, yield curve continues to trend down(LLs/LHs). New range established. Will treat PA accordingly. when trend reverses may be a bullish sign. should occur before market turn bullish.

PLAYBOYP416

~ 5w up ended 04/2008 and we are now completing 5 down into gfib; may even be complete. Assuming 1 more leg down from 1M tf. Bearish unless invalidated. When last wave complete, W1 of new 3M 5up beginning. Only question is: new impulse? Or ABC?