ScalpWthMe

ScalpWthMe Updated 

Ethereum is moving towards a level where many short sellers will have placed their stop losses. The market maker will take price up to that level, hit all the stop losses to grab liquidity and then reverse price back down.

ScalpWthMe Updated 

My belief is that the price of Ethereum will go down as low as 1690 over the next week or so. Many traders will share this belief and will place short orders. It is likely that these traders will set their liquidation points above 1837 or even 1847. The market maker knows exactly where each and every liquidation point is and will not drop the price without hitting...

ScalpWthMe Updated 

Ethereum has risen above 1300 which is a key whole number. We will see a lot of manipulation in this zone and we can try to take advantage of it. Many traders will have placed orders to go long whenever the price of Ethereum goes above 1300. Those orders have now been triggered, traders will likely get trapped and they will not be released for quite some time....

ScalpWthMe Updated 

It's been an interesting start to the New Year and those of you that pay close attention to price action will know already that something has changed. I won't go into details here and will instead focus on what may happen with Jasmy over the coming hours. I believe we will know in the next few hours whether Jasmy will continue with rise level 2 or if it will break...

ScalpWthMe Updated 

WARNING: No sheep allowed. This one will ruffle a few feathers.... Ethereum and many other assets have been going sideways for over 36 hours now and will very likely continue to do so until the New York open. Trading experts would have you believe there is 'indecision in the market' or that the 'bulls and bears are fighting for control of the market'. Absolute...

ScalpWthMe Updated 

It's my fist time trading JASMY, but the asset and it's fundamentals are irrelevant to me. My CryptoScanner software alerts me to assets that are moving and I analyze each one from there. The 4hr chart shows the development of a potential head and shoulders a little better but I have chosen the 1hr chart to give us a little more accuracy. As always when shorting...

ScalpWthMe Updated 

Trying to time a good short entry is one of the trickiest tasks we face as a scalper. This task is made a little less stressful if we already have an in-profit long entry by the time price reaches the potential 'shorting zone'. If you get your first 'light' short entry but price reverses and continues up, then great, you are making more on your long than your...

ScalpWthMe

Go back and look at any new asset on the daily chart and it will very often have long wicks to both the upside and downside. Pay close attention to that data as they will almost always take price back to both the high and low at some stage. We just never know when. I couldn't care less about it's fundamentals but I think the market makers have big plans for TON...

ScalpWthMe Updated 

Once they trap you, they will not release you easily. You can see on the Ethereum four hour chart that they trapped a lot of traders short who were expecting further downside after the big drop. Those that have not been liquidated have been trapped and paying interest for days already and that could easily turn into weeks or more. It took only three 4 hour...

ScalpWthMe Updated 

As we are now seeing the third hit to the high on APE 1hr chart, it's decision time on whether they will continue to take price higher or whether we will see 3 levels of drop to the downside. At first glance, and especially when you look at how many longs they have trapped already, it appears like a clear opportunity for a short. We have to take a few things into...

ScalpWthMe Updated 

It seems there is an opportunity for a quick scalp on APE if price retests the 3.583 to 3.600 zone and bounces. The market maker moves in three's and we can clearly see on the hourly chart that we had rise level 1, retrace, rise level 2, retrace and now we are on rise level 3. I think wave traders would say we are on wave 5. Of course, if you don't believe that...

ScalpWthMe

They call it consolidation or indecision in the market. After ETH went sideways for 32 hours around the 1210 level (two blue arrows), I call it a trap - and you have to admire the way they get away with this trickery. Firstly, they took price midway between major 'support and resistance' levels so that going long or short would be an equally valid trading...

ScalpWthMe Updated 

As a trader in the Asian time zone we learn to accept that our trading day usually sets up price for where they want it to be for the New York open. Some time after midday, you learn to expect a fast move higher or lower, followed by a snapback leaving a decent sized wick on the chart. Price will then slowly work it's way to the opposite end of the desired range...

ScalpWthMe Updated 

You won't find any triangles wedges or flags around here. It's weekend and price action is in the hands of the algorithm. I'm not expecting any large moves until Tuesday, so I see an opportunity for a quick scalp up to around the 1230 level. I am already long but I will be adding to my trade when price drops back to 1178 (green line). If price falls to 1172 (red...