Sharkethics

Sharkethics

There is some useful information on how to spot high probability trades. Best trade by shorting: 1h - descending channel - respecting EMA (red line) - look for excess price - always use stop/loss Markets have inertia, so as far price starts respecting 20 EMA it will likely to do so. At first it might not be clear that it a a downtrend. Maybe it is only a...

Sharkethics

Have you ever experienced a moment where someone is saying that a huge market crash is inevitable? Or maybe you have watched a video some expert with a legion of followers was declaring the same fact? I've seen plenty small names and even big names who are just constantly doing that so I decided to have a brief overview why most of these statements are false and...

Sharkethics

Hello traders, I think those two charts are useful when used alongside each other in correlation. It is logical that decline in BTC price leads to inflow in USDT and vice versa. So we could say (and the chart shows, that the correlation between the price BTC and market cap of USDT is inversely proportional). For further simple explanation there are some events...

Sharkethics

We should take into the consideration the current wave formation. There are are literally countless ways to interpret it, but I will try to think of reasonable scenarios. 1 - Current wave is a B in ABC formation. If that is correct then it would cause another big wave down to sub 20k. I don't think it is probable. 2 - Current wave is Wave 1 in a new cycle If...

Sharkethics

Fair value in other words is a horizontal or ascending trading range within the boundaries. Above the fair value is the excess price (marked in red). The stronger the rejection from the excess price (either top or bottom) the bigger supply or demand is at that rejection area - probability of the reversal is proportional to the strength of rejection. If the...

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100 trades crypto series Starting date: 9/August/2021 Day 8 Starting capital: $500 Capital at present: $747 (all trading ideas in the series with commentary and outcome can be found on my profile) GENERAL: Coin is in a bull trend, but in excess price. Scenario 1 - trend resumption. Even if it is possible, because we are in a bull trend, the formation of spike...

Sharkethics

100 trades crypto series Starting date: 9/August/2021 Day 5 Starting capital: $500 Capital at present: $700 (all trading ideas in the series with commentary and outcome can be found on my profile) Bulls way too overextended. Short run bear expected. If the price continued to go up, would have scaled in higher. Exit: too early. END of the week 1. Starting...

Sharkethics

100 trades crypto series Starting date: 9/August/2021 Day 5 Starting capital: $500 Capital at present: $700 (all trading ideas in the series with commentary and outcome can be found on my profile) BULL view: -Moving back to fair value zone -Break of the bear resistance -Strong bull BO -Broke above higher low Bear view: Short term bear trend can still be in...

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100 trades crypto series Starting date: 9/August/2021 Day 4 Starting capital: $500 Capital at present: $583 Trade nr. 19 (all trading ideas in the series with commentary and outcome can be found on my profile) Bearish view: -Trading range, so bought rejection of the top considering that probability is to reach the bottom of the range. Bull view: -Bear weren't...

Sharkethics

Entry on continuation, bounce back from the support of fair value (pink area) Early exit because of possible double top and rejection. More optimal choice - move stop/loss to the latest HL.

Sharkethics

100 trades crypto series Starting date: 9/August/2021 Day 5 Starting capital: $500 Capital at present: $700 (all trading ideas in the series with commentary and outcome can be found on my profile)

Sharkethics

100 trades crypto series Starting date: 9/August/2021 Day 5 Starting capital: $500 Capital at present: $700 Trade nr. 20 (all trading ideas in the series with commentary and outcome can be found on my profile) TR getting tighter and bears weren't unable to push lower, so exited with a small loss. Price is getting HL and forming as it seems to be a ascending...

Sharkethics

100 trades crypto series Starting date: 9/August/2021 Day 4 Starting capital: $500 Capital at present: $700 Trade nr. 18 (all trading ideas in the series with commentary and outcome can be found on my profile) BULLISH VIEW: Back above lower line of fair value price BEARISH VIEW: Resumption of a prevailing short term bear trend Conclusion: Exited...

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100 trades crypto series Starting date: 9/August/2021 Day 4 Starting capital: $500 Capital at present: $583 Trade nr. 17 (all trading ideas in the series with commentary and outcome can be found on my profile) BEARISH VIEW: - Rejection from downtrend channel resistance - Overall short term bearish sentiment BULLISH VIEW: -Bottom was in exactly of the...

Sharkethics

100 trades crypto series Starting date: 9/August/2021 Day 4 Starting capital: $500 Capital at present: $583 Trade nr. 17 (all trading ideas in the series with commentary and outcome can be found on my profile) Unfortunate stop at the very top. Bull bars at present so not particularly strong reversal. As seen it formed double top with a second bull leg.

Sharkethics

100 trades crypto series Starting date: 9/August/2021 Day 4 Starting capital: $500 Capital at present: $583 Trade nr. 16 (all trading ideas in the series with commentary and outcome can be found on my profile) BULLISH VIEW: -Broken above multiple resistances (local downtrend, local resistance of fair value - pink channel) -Quite strong rally -Broke above LH of...

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100 trades crypto series Starting date: 9/August/2021 Day 4 Starting capital: $500 Capital at present: $583 Trade nr. 15 (all trading ideas in the series with commentary and outcome can be found on my profile) As bitcoin sentiment turned a little bit to the bearish side all my today's trades were SHORT. Also I was luck enough to catch the BTC market cap...

Sharkethics Updated 

100 trades crypto series Starting date: 9/August/2021 Day 4 Starting capital: $500 Capital at present: $583 Trade nr. 14 (all trading ideas in the series with commentary and outcome can be found on my profile) As bitcoin sentiment turned a little bit to the bearish side all my today's trades were SHORT. Also I was luck enough to catch the BTC market cap...