🔥🚩POINT OF CONTROL: THE MOST USEFUL TOOL FOR TREND TRADER🔥 Hi friends! Point of control is a part of volume profile indicator and very useful tool to identify upcoming BTC or any other asset move. I will explain you how to use this tool in your trading and make a good profit in this idea.
💹 Horizontal Volume Indicator or Volume Profile is a simple indicator that helps to identify: value areas (support or resistance zones), points of control and liquidity gaps.
📊 HOW TO USE POINT OF CONTROL
Point of control (red line on the chart) is the place of the largest accumulation of liquidity. We can say that this is the place of "the biggest battle between bulls and bears":
🔥the point of control becomes a resistance in case of "bears' victory" and crypto start to fall
🔥the point of control becomes a support in case of "bulls' victory and crypto start to grow
🚩 When one of the sides wins the "battle", this is the best time to enter the trade in short or long.
✅ No matter how complicated this tool looks, it is very easy to use:
1. extend the volume profile indicator from the lows to the highs. The indicator automatically shows the largest accumulation of liquidity showing POC (red line).
2. wait until the price tests the POC as support or resistance . From time to time the price can consolidate directly on the POC, which indicates the "battle" of long and short traders.
Pay attention to the chart. I have selected for you 4 cases of using POC on the volume profile:
1. Bitcoin just touched the POC at $39,700 and bounced up 72%.
2. the price tested the POC as resistance at $61,100 after which the price fell by 45% from the absolute highs.
3. Bitcoin consolidated around the POC at $39,000 for some time. The price fell by 31%.
4. POC is at the price of $19,150 per Bitcoin. Now you have to expect the price to return to this level and carefully watch the price reaction on POC.
🔥If the POC is tested as resistance , then it is very likely that we will see the level of $13,000-14,000 for BTC.
🔥If the POC is tested successfully as support , then the price will be able to make higher highs and start a bullish trend for Bitcoin. I talked about this scenario in previous ideas.
🚩 HOW TO ADD VOLUME PROFILE INDICATOR WITH POC TO YOUR CHART?
3 steps to add the indicator to your chart:
1. open "prediction and measurement tools" at the left part of chart
2. choose the "Fixed Range Volume Profile"
3. choose the price range from some date till another date.
So now you can see all important value areas and point of control.
✅ Point of control help you to identify the power of bulls or bears on different timeframes and make the right trading decision in the most of cases. Personally, I use this tool effectively for swing trading and scalping as well.
Traders, do use this indicator and such tools as POC in your trading? What is your favorite idicator for trading? Let me know in the comments.
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
BTC-D
Golden Advice from Takashi Kotegawa🎥Takashi Kotegawa turned around $12K to $200M in just 8 years and reached a net worth of a whopping $ 1.8B from trading in his bedroom🍻 When I met Stocks Genius Takashi a few years ago, he gave me one of the best trading advice👇🏻
Trade with small size while learning
Only risk 1% of your account size each trade
Master one setup
Find a solid mentor
Journal your trades and study your data
Follow your plan consistently regardless of the outcome
Take Trading decisions as unemotionally as possible
Focus on these points, instead of focusing on goals like: I want to make 5K or 10K a month🍻
Fall of USD as Global Reserve CurrencyIf you give someone a button to print money, they will press it
1,400 years ago the Roman republic inflated its currency until its empire collapsed
USD used to be backed by gold, but that ended in 1971
This allowed governments to print endless money
Hyperinflation is just a matter of time
The US government learned to overspend and print the difference
The debt is now $31 trillion and $100 trillion in liabilities
The only way out is printing more money
But destroying the savings and hard-earned tax money of citizens
Global reserve currencies change every 90 years
So, Monetary Switch is inevitable
Checkout Venezuela's 2013- mid-2020 Inflation data
The paper that is used to print a dollar is not actually worth a dollar.
The paper does not have value, it simply represents the value. It is not money because it holds no individual value.
To take it a step further, dollars are actually the OPPOSITE of value.
Dollars are debt. A dollar is a PROMISE to pay back debt. The U.S. is over a trillion dollars in debt. A trillion is “1” followed by 12 zeros. It’s a thousand billion. A trillion seconds is 32,000 years. A stack of $1 bills would be 68,000 miles high. So how do we pay back such monumental debt?
Taxes. It’s painful, but it’s obvious.
So, the dollar is the PROMISE of the U.S. government to pay back over a trillion dollars of debt by taxing its citizens. And, to kick you while you are down, the debt is still growing.
The dollar is actually debt.
That is why the smart rich don’t work for dollars, they work for assets like BTC and GOLD
Thank You for Reading. Like and Share!
Criminal Activities in Crypto MarketThis year, crypto-related hacking has high activity. Since the beginning of October, approximately $718 million worth of cryptocurrency has been stolen, bringing the total for the year to over $3 billion. However, numbers are currently 65% lower than where they were at the end of July in 2021.
In addition, revenue from scams has roughly decreased in accordance with Bitcoin prices from January 2022. Not only is scam revenue declining, but the total number of individual transfers to schemes in 2022 is at its lowest point in the previous four years.
In addition, these figures imply that less individuals than ever are falling for Bitcoin frauds.
Crypto scams
● Investment scams: Pump-and-dump schemes are an example of investment fraud. A fraudster
will convince you to purchase an obscure cryptocurrency at a "cheap price" promising that the
asset´s value would soon soar. When you purchase, the price increases. However, later the con artist sells off their holdings at a higher valuation. That is causing the price to drop and leaving you and any other victims in the red.
● SIM- Swap scams: This is also one of the most recent types of crypto scams that exist today.
They take place when a con artist obtains a duplicate of your SIM card and has full access to
your phone´s data. As a result, the victim may not even be notified. The victim´s cryptocurrency
accounts may be already compromised and deleted.
● Fake Crypto Exchanges and Crypto Wallets:
Your social media accounts will show you websites that promote affordable Bitcoin with huge returns on the initial investment. When customers pay a hefty initial charge, they are routinely prompted to spend additional money. In addition, you´ll probably discover that your money is missing when you try to withdraw it.
● Upgrade scams: Scammers trying to persuade customers agreeing to fraudulent transactions or
giving over their private keys represent one of the most immediate concerns.
● Phishing scams: Although they have been around for a while, phishing schemes are still widely used. To get personal information such as the password to a cryptocurrency wallet, scammers send emails with nefarious links to a fraudulent site. It is troublesome to change the cryptocurrency key. Therefore, each key is exclusive to a wallet. As a result, a new wallet must be made in order to change this key.
Tips for avoiding scams
Investment scams are obvious once the provider claims there are huge returns on investment and there is no risk regarding your loss of money.
Never enter secure information from an email link to protect yourself against phishing schemes.
The individual has to go directly to the official website to verify it. Also, regarding the scams such as fake crypto exchanges and crypto wallets, stay with reliable exchanges and wallets with a substantial user history to avoid similar frauds.
In fact, you should assume a wallet´s website is a fraud and move on if it makes an attempt to look like a well-known company. Last, you can prevent SIM swap frauds by using strong passwords and security questions along with locking the phone with your service provider.
In a nutshell
Nobody enjoys a crypto bear market, but there is one positive aspect. Criminal cryptocurrency
activity has decreased slightly alongside that of respectable activity. However, it appears that
criminal activity is more robust to price declines. Compared to respectable quantities, which are
down 36% year over year, illicit volumes are only down 15%. The US dollar is the most often used currency for these kinds of fraudulent transactions.
Even though there are many scams existing in the crypto market, more users know how to spot possible scams right away because that is not something new and unseen. However, the numbers of illicit activity are still high. Yet with new security protocols, there is hope that fraud can be slowed down in overwhelming the cryptocurrency market. There is no denying that cryptocurrencies have been used in illegal behavior, but the same can happen with any type of money in existence.
The most important action users can take is to protect their private information as best as they can.
Paid in Cryptocurrency: The Salary Of The Future?With the introduction of cryptocurrencies into our lives, there have been changes in the economy and our habits. In this century everyone wants to access everything easily and quickly. Likewise, employees want to be paid in time without any effort. So, now we talk about the new idea of salary with cryptocurrencies. These days some brands have started to pay in cryptocurrencies. However, we should take a
look at positive and negative effects and also how and where we can find that kind of job.
First of all, I want to explain how and when cryptocurrencies started. At first it was a long time ago when they found the crypto.
Over years they developed the cryptocurrencies and in 2009 Bitcoin has joined our lives. After Bitcoin came out,
most people realized the importance of crypto.
Actually, it was a good idea to invest in Bitcoin because it was so expensive and you could double your money.
After Bitcoin, some altcoins have started. Ethereum, Dogecoin and many more altcoins are also quite famous.
In fact, a lot of people earn money thanks to cryptocurrencies. But you should be wise about it because it’s like gambling.
Therefore, you should be aware of the risks.
POSITIVE ASPECT OF BEING PAID IN CRYPTOCURRENCY
First and foremost, when receiving payment with cryptocurrency, it doesn’t include any tax. Also the transaction of crypto money is so easy. You can do it
from an application. Another positive aspect of being paid in cryptocurrency is that it can be converted into any currency internationally.
Moreover, for companies looking to hire more employees to work online, crypto can be a great way to pay staff evenly and then have them convert to their local currency.
NEGATIVE ASPECT OF BEING PAID IN CRYPTOCURRENCY
Like every good thing, crypto also has a lot of risks as I mentioned before. In particular, you can either earn good or lose for good, so it can be tricky in many cases. In fact, you can check data and do your research but in the end, you never
know for sure. There are lots of parameters that affect the market prices.
Sometimes that relies on other markets, or politics, or sectors, or even a person. By ‘a person’, you might have an idea of who we are talking about. Of course, it is no one other than, mighty Elon Musk.
In 2021, Elon Musk changed the whole market prices by just mentioning Bitcoin in one of his tweets. Something similar happened when he put the symbol of Bitcoin into the description part of his account. But of course, he is fully aware of his
actions. These actions may be a game to him but ethically, the situation he caused is not fair. In times like this, what is fair is not so important. This is because there is nothing to do to change what happened. Crypto-market can get affected by many different concepts. Because of all this, paying in crypto can be risky and should evaluate positive and negative aspects carefully.
HOW AND WHERE CAN YOU FIND A JOB PAYING IN CRYPTO?
If you want to find a job and receive payment with crypto money, there are a lot of websites and applications for that. For example, you can check out these; Bitcoiner Jobs, Proof of Talent, Crypto Jobs, AngelList. You need to apply them with your CV and you should explain why you are interested in this kind of job. Also you should highlight that you know all the risks. There are vacancies for social media managers, product managers, Graphics designer, Bitcoin Developer etc. So, if you are curious or just fond of trying something new, here is your chance!
I hope you found this post informative and beneficial. Feel free to leave a comment :)
🟨 HOW TO trade stocks in DEEP BASESA DEEP CORRECTION = a correction more than 25-30% within the consolidation period.
Sometimes a stock might correct more especially in a volatile bear market. Deeper correction are more risky as they are more failure prone - use these ideas to put probabilities on your side.
The checklist
1. You want as much time away from that correction as possible (at least 1 year)
2. Many bases (iterations) on the right side (currently 3)
3. Explosive moves over the bottom💥 (currently +100%)
General Rules
The bigger the base the more time you want. Always look to the left to see:
- Where is the supply?
- How much is the supply? (could use Volume Profile free tools on Trading View)
- How is the stock acting as it reaches this supply? (Sharp pullbacks or controlled pullbacks)
Tips for beginners on how not to make mistakes when trading Hello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
Guys, today I want to share with you information from one interesting blog, for the last 3 weeks the market has not shown us strong volatility and we have to watch almost the same price range, I'm talking about the main cryptocurrency, Bitcoin.
So I decided to share this information for beginners in order not to make mistakes that can be so easily avoided in the future.
Let's start with you in order:
What is Consolidation or Flat?
Consolidation is the state of the market when it is sandwiched between support and resistance. This state means that a certain state of balance has arisen in the market between sellers or buyers, that is, demand has balanced supply. In other words, the market is in a state of accumulation or distribution. According to statistics, about 80% of the time the markets are in a flat state, so trading in a sideways range will always be profitable for traders.
For consolidation to become apparent, the price must touch the support and resistance levels at least twice. I think that it is clear here, this is a classic of technical analysis, trading from levels in FLAT.
Example below:
And so let's continue:
Consolidations can expand and contract.
An expanding consolidation occurs when the price makes a false break and moves back into a range, thereby expanding the space between support and resistance. Selling at resistance will force you to hit a stop as price breaks the current resistance level to then move back into the range.
Example below:
A shrinking consolidation occurs when the market enters a period of low volatility, for example due to an impending news release.
During periods of narrow consolidation, it is better to refrain from entering the market and making deals. But during periods of broad consolidation, you can trade from its borders. This will give us a good risk to reward potential. However, you should always remember that sooner or later the price will go beyond the range, a true breakdown of the level will occur, and the market will move into a trend phase.
The longer the market is in a flat, the more force the trend will follow after the price breaks out of the range. Any calm in the cryptocurrency market is replaced by explosive, and vice versa.
We got acquainted with the theory and I think there is nothing complicated, you can see all the examples on the graphs above.
Let's move on to the most important thing now:
Flat is a killer of deposits, why?
We have all heard or read on various forums that flat is the killer of deposits of trend traders. Actually, it is. If your trading system is showing outstanding results in a trending market, then as soon as the sideways movement begins, you can say goodbye to all the profits.
Let's take a look at the place.
The thing is that trend methods will give you signals to enter the market near support and resistance levels, and as soon as you open a buy deal, the price crashes into the level in just a couple of points, and after that a reversal begins. On average, the trading system will give 4 false signals, which will completely block the profits received when trading with the trend. Therefore, if you learn to identify a flat in the early stages of its formation, then the damage caused by it will be minimized, or even better, you will be able to use this state of the market to your advantage.
How to define a flat?
In order to correctly learn how to determine a flat, we must remember what it looks like. A sideways movement is a movement between two highs and lows, perhaps this will be enough. Let's look at the chart, try to identify any price fluctuation between the latest highs and lows.
Shown below is an example:
Red circles mark the first minimum and maximum. As we can see, the subsequent price movement is within the range of boundaries we have drawn. Next, we can see how the price breaks the lower level and a strong downward movement begins, but it is worth noting that the price made about 7 bounces from the levels before that, which we could use for profit.
How to trade in the side market?
The best strategy for trading sideways markets is the false breakout. It usually gives a powerful impetus for the price to move in the opposite direction. Market makers always collect stop losses of traders at levels to gain liquidity and then move in the opposite direction. This should always be taken into account when trading false breakouts. You can set take profit and exit the trade on the other side of the trading range. I often mention this in my signals that MM collects stops and turns the asset in the other direction, this happens most often on strong
HOW-TO [TTI] IBD Market SchoolHOW-TO instruction.
This video shows how my custom IBD Market School Indicator works for TradingView.
–––––––HISTORY & CREDITS–––––––
This indicator is based on the Market School Program from IBD and it is the core logic for which I have developed the indicator. The whole system is based on the model books for the greatest winning stocks from the past. The names of the people who have contributed to this system are William-Oneil, Mike Webster and Charles Harris.
–––––––WHAT IT CALCULATES–––––––
10 Buy Signals:
👉Follow Through Day
👉Additional Follow Through Days
👉Low above 21-Day MA
👉Trending above 21-Day MA
👉Living above 21-Day MA
👉Low above 50-Day MA
👉Accumulation Day
👉Higher High
👉Downside Reversal BuyBack
👉Distribution Day Fall Off
14 Sell Signals:
👉Follow Through Day Undercut
👉Failed Rally Attempt
👉Full Distribution minus One
👉Full Distribution
👉Break Below 21-Day MA
👉Overdue Break Below 21-Day MA
👉Trending Below 21-Day MA
👉Living Below 21-Day MA
👉Break Below 50-Day MA
👉Bad Break
👉Downside Reversal Day
👉Lower Low
👉Distribution Cluster
👉Break Below Higher High
–––––––HOW TO USE–––––––
Each buy signal is a +1 and each sell signal is -1 point to the general count.
We will add all buy and sell signals to produce an overall count from 0 to 5. Based on the count this will translate to market exposure from 0 (at count 0) to 100% (at count 5). Essentially this will help you scale in and out of the market.
🟨 Cup and Handle Pattern - cheat sheetWhat is the Cup and Handle Pattern?
One of the most important chart patterns in the stock market is the Cup and Handle Pattern, invented by William O’Neill. Sometimes you might see it abbreviated as CWH. It also holds the crowd proclaimed title as one of the most profitable and reliable breakout patterns. The Cup and Handle Pattern forms as a bullish continuation pattern that can be found during strong trend.
––––––––––––––––––––––––––––––––––––
Is Cup and Handle Pattern Bullish?
William O'Neil cup and handle patterns represent bullish continuation patterns that mark consolidation periods which are followed by breakouts. This pattern includes two components: cup and handle . After advancing, this cup is formed in a bowl shape or with a rounded bottom. Handle forms in the upper third of the cup.
––––––––––––––––––––––––––––––––––––
Stages of a Cup and Handle Pattern Formation
Stage 1 Setup:
The pattern starts when a price raises from a former base, making the prior trend a bullish trend. At some the profit taking starts taking place and the stock begins the decline, forming the high of the cup. The high of the cup is also called the ‘Left Cup’
Stage 2: Decline:
The stock starts to form a new base. It is normal to see above average volume at the beginning of the decline. The volume element is important since it ensures that later buyers to the party are out of the stock and do not provide an overhead supply. By the end of Stage 2 the volume would have fallen below average. This low trading volume is combined with price consolidation around the low of the cup.
Stage 3 Recovery:
The stock starts to recover and the volume on up days starts to pick up. This indicates that institutions are taking interest in the stock. Pro tip: look for low volume on down days. Now we still have a few more types of players into the stock: the bottom fishers who bought in at the low of the cup and the bag holders who have bought at the high of the cup and have been sitting on a loss. As the stock price moves up, these would partially close their positions making the recovery process a stair stepping process rather than a V shaped recovery. As the price reaches close to the High of the cup, the last bag-holders will cut their losses and will create a large volume sell-off. At this point the “Pivot” is formed or the “High of the Handle”.
Stage 4 Consolidation:
After the High of the handle, the price is likely to continue its handle formation. The handle pattern occurs as there are still weak hands in the ticker. A shakeout preferably on higher volume is considered a bullish continuation in the cup and handle pattern formation . This indicates that all overhead supply is depleted. The point when the price starts to climb again and reaches the high of the handle is the breakout point. We will look for a to price breaks on higher volume to indicate that institutions have taken control of the stock and that the sky is clear to move upwards. A rule of thumb is to look for a price target with the same value as the prior advance from previous base as the one subsequent to Stage 1.
––––––––––––––––––––––––––––––––––––
Hope this helps!
Example of Cup and Handle on AAPL from 2003
BTC - Practical Descending Triangle Example! 🖋Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
I find BTC chart interesting as it is forming a textbook Descending Triangle, so I thought it would be a practical example to highlight it now.
📌 First, let's start with the definition of a Descending Triangle:
🗒 What is a Descending Triangle?
A descending triangle is a bearish chart pattern used in technical analysis that is created by drawing one trend line that connects a series of lower highs and a second horizontal trend line that connects a series of equal lows.
📉 Traditionally, a regular descending triangle pattern is considered to be a bearish chart pattern.
However, in my opinion, even thought a bearish continuation is more probable, all triangles are bilateral patterns. Means they can be broken either side.
📌 How to trade a Descending Triangle pattern?
🗒 Remember: A pattern would be an idea, until activated.
In our case, for the descending triangle pattern to get activated, we need an H4 candle close below the lower bound. (around 15500 in red)
In parallel, for the bulls to kick in, and invalidate the bearish scenario, we need an H4 candle close above the upper bound. (around 17100 in blue)
📌 Trade / Risk Management:
🗒 When the pattern is activated, you can enter immediately after the candle closes, or wait for it to retest the trendline first.
Regarding the stop loss, it goes above/below the last high/low from the other side.
Regarding the take profit, the project would be the biggest distance between the highs and lows inside the triangle.
Hope you find this post useful. Let me know if you have any questions.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Smart money dumb tradesThe major issue with 99% of retail, is that they seek tops and bottoms. They watch a video or read a post and DIVE not knowing, or understanding some simple logic.
To be a successful trader you need a level head. As soon as you realise profits are made in a range and not by trying to time market tops and bottoms, there more you succeed. There are thousands of techniques out there, some that have a high hit rate, others that don't, some are complex and some are simple. In instruments such as Bitcoin - you also now have tools such as on chain data. The issue is and will always be, liquidity. Money is made by someone else losing!
Retail will see things like Elliott wave and dismiss it - "ah it's old, ah it's broken, ah I don't get it..." We as humans can find the good, the bad and the ugly with all techniques.
All we are really trying to do is, re-affirm our personal opinions, defending loyalties and find angles to attack anything that is not aligned with our desired outcome. Hindsight equals the ability to explain the past but in doing so, creates an illusion that we "now understand" it all makes sense. People don't understand because they cannot explain it. Regardless of wanting to or not. Our own unique perspective is built on our own unique experiences - trying to make sense of the complicated situation.
The reason I talk about this - is that when you only take snippets of data from one source, or worse, several sources. It's so easy to get confused and mix up your own beliefs. In this current BTC scenario - people are desperate for a bottom to be in. It's all they seek, so when an influencer or educator mumbles the words - bottom, they assume it's to the moon we go. Thus, supporting the personal belief and desire.
Every professional trading strategy, requires confirmation. If the expectation is we rise from here - we need logic as to why? if it is we are likely to drop - then, what's the reason for that drop?
Over the last 2 years, I have made some of my Bitcoin calls public. There is a lot more behind the scenes that does not get posted, so what you should not do is - read a small percentage of a post or watch the first few minutes of a live stream and dive in. Your missing the bigger picture!
This doesn't just apply to my posts - this is in general. This will help you in the long run. You need your own level of understanding for the logic behind the move.
I can show post like this back in March this year;
And the outcome was as predicated -
We grabbed liquidity and dropped seeking a better accumulation range.
I've talked about value areas - this post goes back another year...
The outcome -
For me, it's knowing the "why".
The lesson here - is no obtain a bias of your own. Work on that to see inside the move.
My view is pretty much as I have talked about this last 14-18 months...
We have seen some stopping action.
Now you look out for a range -
Obvious liquidity in this zone.
So this is 100% a lesson and not a call. Now look at the range in detail, you will see a fair value level hidden in there.
Same goes for knowing the "why" - as Bitcoin becomes more institutional, it becomes more and more respectful. But as it does, tops and bottoms are still not what your targeting. Look at this from Feb last year from the first rally all time high.
Look at the post date.
These things are playing a game - it's all about understanding the rules.
On the way back up from the low shown in March last year, why would there be evidence for a truncation?
This image was the 24th of August. We go on to climax just above the 65k region...
Liquidity is the name of the game..
This post is the first in the Liquidity series of posts here on @TradingView
Have a great weekend!
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
Trading Setup is very ImportantBest Trading Setup makes money for you in market even you are wrong in Market
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🔥✅HOW THE WHALES ROB YOU: 99% of beginners don't know about it!🔥 Hi friends! In this idea I will explain you a few methods how the whales (big players) take away your crypto and make money. If you want to be on the WHALES side and make money, you need to read this idea to the end.
Friends, push the "BOOST"🚀 button so in this way I understand that you enjoy such content and I will make more useful ideas for you. I know you like it!
🔥 So today we gonna talk about the capitulations and how whales robbed the beginners in trading. Also, at the end I show you ONE pattern that help you to avoid this and make money like the BIG player.
📊 Capitulation is the worst moment at the market for an trader, especially a beginner and the best time for a big player (a whale). Capitulation is a period of disappointment for the most players in the market and a massive sale of their own crypto because it has fallen in price or consolidate in narrow range for the long time.
🔥 There are 2 types of capitulation in total:
1. Price-based capitulation. It happens when the price of Bitcoin falls by 60-80% and the most traders start to sell their crypto because of fear to lose all deposit. Most likely, you have already heard about this type of capitulation.
2. Time-based capitulation. It happens during a long, exhausting consolidation and traders start think that it never end. This is happening now, but not many people know how it affects traders.
You can see the only ONE type of capitulation on chart. I marked just time-base capitulation because I'm sure that you already know about the price-based capitulation (usually, the global dump).
📊 HOW DO WHALES BUY THE BITCOINS?
Imagine that you are a big player who has 100-200 mln dollars. How can you buy such ammount of Bitcoin?
You do not have enough liquidity on the exchange to buy a sufficient amount of cryptocurrency with one order by simply pressing the "BUY" button. The max amount of BTC that you can buy for 1 order are about 5-7 mln dollars.
When you are buying for a larger amount of money, the price will just make a big shadow to fill your order and you can get an average entry point by +3-5% higher.
📊 Therefore, whales have several ways to buy crypto safely:
✅ buy Bitcoin from one or more large players (other whales, exchanges OTC, etc.)
✅ buy from a large number of small players on exchange during the consolidations
Both methods are great for a whale, but usually, if you buy such amount of Bitcoins from another whale, you can pay 1-2% fee , because you can get your Bitcoins immediately, instead of waiting for your buy order to be completed on the exchange.
🚩 Therefore, the best and cheapest way is to accumulate crypto from tired, exhausted retail traders who have no more strength to wait for cryptocurrency growth.
✅ Most often, they place limit orders at one price level or range and the price smoothly fills their limit orders. It is most convenient to do this on consolidation.
Below you see an example of whales accumulating Bitcoins NOW. The green circles show the number of Bitcoins that were bought by the whales in current $18,000-25,000 range.
It's clear example how the whales accumulate BTC during the consolidations. Of course, they have enough liquidity to BUY because the most of retailers bought BTC at $50,000-69,000 and now lost almost 70-80%. The retailers sold their crypto holdings in panic because want to save this last 20-30% of deposit.
The whales have another scenario . They sold at $50,000-69,000 to retail traders and now want to buy crypto at a 70-80% discount. That is how you should do to become the part of the whales too✅
📊 WHAT HELP YOU TO AVOID CAPITULATION, THIS ROBBERY AND GROW YOUR DEPOSIT?
I just want you to show 1 crypto pattern that help you to avoid from losing money and join the whales on the PUMPS. As you can see, after the red marked time-based capitulation the price of BTC make dump (or price-based capitulation). After this DUMP and green time-based capitulation starts the massive PUMP!
🔥 SCHEME: red time-based capituation (#1, 3 or 6) - DUMP - green time-based capituation (#2, 4, or 7) - PUMP 🔥
🚩 I show #5 for you, because this is also capitulation but not related to the previous pattern.
Now we see that the Bitcoin price is back in consolidation near #7. If we have correctly determined that #6 as a red capitulation and it was dump after it, then according to our pattern, a strong pump should begin very soon. Now you know only need to find the best entry poiny to your trade and make %%.
🚩 Our automated trading systems will tell us about upcoming PUMP also and we will be able to earn 200-600% from this growth, as it has always been.
So traders, today you have learned:
🔥 what are the types of capitulation
🔥 how whales buy Bitcoin and now you know how to act in the most dangerous moments for beginners. Now whales will not rob you for sure
🔥 a new pattern that you can use in your own trading and understand the global trend of the crypto market
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
The Shop Model - Trading Mindset This is a look into the way I see markets and how I see my trading using the Wyckoff Method and comparing it to standard business models. More of a mindset video but I feel is very useful when trading and seeing your trading as a business.
Let me know what you think,
Cheers for watching
GOVERNMENT BONDS YIELD. INVERTED CURVEWhat are GOVERNMENT BONDS YIELD?
Bonds are Fixed Income instruments that allow investors to anticipate the flow of funds they will receive.
What does an inverted yield curve mean?
Put simply, this means that short-term US debt is more profitable than long-term debt. Economic theory says that in a “normal” situation, long-term lending should be more profitable than short-term lending.
An inverted yield curve occurs when the yield on short-term bonds (US03MY, US06MY, US01Y) is greater than the yield on longer-term bonds (US30Y, US20Y) .
This is bad for the economy and worse if it is the United States because it means that they are relying on the economy in the short term since the "normal" thing is that long-term bonds give better yields.
Some economists and analysts see in this situation an indicator that a next economic crisis is coming, either in the form of a slowdown in GDP or even a recession.
🔥Almost 1 month after the MERGE! WHY ETH DOESN'T PUMP?!Hi friends! Almost a month has passed since the Merge, and Ethereum still has not grown. What is the reason? What are my targets for Ethereum?
✅ As i mention in the last idea, the merge is like the Halving for BTC. A lot of retailers expect the HUGE pump with x10-100 profit. But in the real life it doesn't work.
✅ If a lot of people expect something, it has lower chance to happen. Take a look on BTC after the Halving. Usually BTC start to consolidate for 2-3 month or DUMP for 20-30% after this. The same happen now. It's force weak hodlers to sell their ETH and it's good for the future growth.
✅ My recommendation is to be prepared for strong price movements in the near future.
📊 Preconditions to open a long:
🔥 squeeze to the trendline
🔥 bullish BTC pull the altcoins to the new highs and it`s highly expected. At least local pump to $25-32k
🔥 whales orders to buy on DOM and Footprint scalping tools. They help me to identify the big g uys and open a trade with them
🚩 According to second scenario that shown on the chart, the volumes should grow if the liquidity collection will happen. Pay your attention to this scenario too.
📊 The targets for the long:
1. $1540-1650 - the closest value area
2. $2030 - the key level, vale
🔥 Usually, I recommend you to book at least 50% of profit but according to the fundamental expectations, you can hold this long trade a little bit longer. Especially, if BTC become local bull market.
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade
Why is trading so emotional?
In August last year, I published an educational post around Fibonacci. There's also thousands of articles and books available on the topic. But how does it fit with being emotional?
Often people talk about Algos, smart money concepts and a load of other terms. All trying to make sense of the market, Fibonacci isn't magical or mystical. It's a set of simple numbers that work - due to humans wanting to see patterns in everything they look at.
Here's the article from last year - feel free to click it and go through that one as well.
The issue I have when educating people - is there is always a desire to find an automated solution. I keep saying, if algos are that good - we wouldn't have school, doctors or firemen; they would all be sipping cocktails on a beach far away! If you want to learn technical analysis, you really need to dig deep into the emotional analysis. People like Dow, Elliott and Wyckoff (for me, are not technical gurus) they merely understood - human psychology made waves, changed sentiment - the bigger players in the markets know this. It's why most news outlets and websites around TA push writers who only talk MA's and RSI's. It keeps fresh sheep on track.
The market is all about liquidity - these levels are created at psychological levels & from there, it's copy, paste, repeat.
Take a look at this on the current Bitcoin move down from the All Time High.
Swing 1 = 618 of A-B
Swing 2 = 100% of the A-B
Swing 3 = 100% of the A-B
Swing 4 = 618 of the A-B
Swing 5 = 1.23 range and 1.27 range of the A-B
Then even when you step down a level you can see the move inside the moves looking similar. Local support is 618...
When I started posting on @TradingView publicly - I explained why we where seeing value areas and re-accumulation for the first times.
These levels were starting to show signs of the crypto space being institutionalised. This is important to understand, as much like Fibonacci levels, the price would now act in a different way to psychological levels. In stepped Wyckoff and you could see from before and after - where and why the price would go.
Before
Here's the AFTER shot.
Lucky Guess? Well - maybe on the way back from the 28k levels highlighted in March, the very same fibs became obvious. If we where seeing Elliott waves form you could therefor measure the fib extensions.
This was August the 24th - read the comments as to why the drop was coming (4 move) and why we would likely see the drop just above the old all time high.
By October we had seen the forecasted extension levels getting hit - a retest followed this and we dropped.
So, like I said - there's nothing magical, it's all about sentiment and psychology. Learn this and you will progress as a trader.
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
🔥THE VOLUME PROFILE: HOW TO IDENTIFY THE BOTTOM ON BTC?Hi friends! Today i explain you the method that gives you another confirmation that the bottom of BTC is already reached. You will be well prepared for the next BTC bullrun using this method.
📊 What is volume profile?
Volume profile is the indicator that show us how many trades (volume) were made at some price. If the common volume indicator show us how many trades were made through the time, the volume profile show us how many trades were made at some price (10-12k, 58-60k etc.).
It help to identify the largest support and resistance areas, as well as liquidity gaps where the price PUMP/DUMP🔥 the most. Here is the educational idea with detailed explanation and instruction to the volume profile!
📊 How to identify the bottom of Bitcoin using Volume Profile?
This is what we need:
1. volume profile from the ATH to the bottom
2. point of control or POC
Point of control or POC is the area where the most trades were made. We marked it as the yellow line at the volume profile.
3. BTC dump for >-50%
If the price fell by 50% from the place where the most margin trades on Bitcoins were opened, it means that most marginal traders even with x1 leverage were liquidated.
🚩 Traders with x10 leverage were liquidated at a 10% drop, with x20 leverage were liquidated at a 5% drop.
✅ As you can see it was in 2015, 2018 and it`s happening now. After the 4-6 months consolidations (yellow areas) the small bullruns begin. Will it happen this time? Write your thoughts in the comments.
📊 Why are liquidations important for the growth of crypto?
This way the market becomes "healthier" and is cleared of weak hands. At this time, whales can accumulate a large position in Bitcoin or in another crypto. Liquidity at the bottom allows you to buy 10,000-20,000 Bitcoins. For example, over the past week, 60,000 Bitcoins were withdrawn from exchanges.
🏁 How to open the Volume profile?
1. Look at the left side tools in the TradingView chart
2. Choose the "Prediction and Measurment Tools"
3. Tap on "Fixed range Volume Profile"
That's it.
✅ Traders, every strategy has it's win rate. This one have the 100% win rate. If some patterns work very good for the couple of cycles, it can be changed with the times and market sentiment. So be carefully. Now the world economy has a not the best market conditions, but we get a lot of positive signals. Take a look at the Greenwhich indicator which also already confirm the bottom. Previously it help to sell BTC at 60-63k!
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade
do NOT do this !a very obvious visual but necessary to share, I don't want any of you to fall into this madness of praying for a trade to work
this is a reminder to not fall into FOMO trading
to counter this, you need to remind yourself about the type of trades you are into, are you in an intraday swing, are you on a big swing that could take weeks or months to happen ?
then, lower your expectations and place a partial TP at 50% of your expectations
and then, move stop loss to stop gain
This will make a big difference in your PNL, in your trading perfomance
That's what proper trade management is
🔥The LAST hope for crypto: why DXY may pump BTC soon❓Hi friends! This educational idea about the dollar index and entire crypto market will be really usefull for the beginners and the experienced traders also.
I`ll explain you several fundamental and technical reasons why and when BTC ans other crpyto will start rise. You can also use it in your trading to identify the global trend and open more succesfull trades.
As far as you may know, ✅the stronger the dollar index (DXY) the weaker all global assets and vice versa. This means that when the index rises, most stocks, cryptocurrencies fall. When the index falls the most assets grow very fast, especially such volatile ones as 🔥crypto: Bitcoin, altcoins
and 🔥shares of technology companies: Tesla, Meta, Apple, etc.
But when actually BTC and other crypto will start it's rise and you can open your best long trades❓ I explain you this in the both chapters about fundamental and technical analysis.
✅ Fundamental analysis
Now the dollar index is strengthening amid the Fed rate hike. This means that we have to wait until the trend reverses and the dollar index starts to fall. After that BTC and altcoins might start it`s new BULL MARKET.
📊 When the dollar index (DXY) starts to fall? The dollar has strengthened significantly against other currencies in the world (pound, euro etc.). This is caused by the latest rate hike to 3.25% and expectations for an increase to 4.4-4.75% by the end of 2022.
The stats for traders who want to understand how the growth of dollar index (DXY) affects other assets and currencies:
🚩The Euro is at 20 year lows.
🚩The Yen is at 24 year lows.
🚩The Pound is at 37 year lows.
📊 Do not be surprised that Bitcoin fell so much🔥, because according to the latest data, even the institutionals (big players) also scared and opened the biggest hedge positions since 2008.
🚩 It can be assumed that from the end of 2022 or early 2023 we can see a global reversal of ALL markets, including crypto depends on FEDs rate hicking end.
✅ Technical analysis
📊 14 year channel on DXY
Pay attention to point #4 on the dollar index chart. This is where the global uptrend for DXY and global downtrend for BTC began. The strongest dependence!
📊 When to open a long trade on Bitcoin❓
The end of the rate hike by the end of 2022 coincides with the technical analysis on the dollar index chart. The index is now at point #5, which is the upper boundary of the channel and the srongest resistance for the dollar index.
It is worth adding that this is not just a channel on the 5 min chart, which globally has no significance. This is a huge 14 year channel (‼️) on the weekly chart, which the price will test for the 5th time! This is a powerful signal for a reversal and resistance for the price.
🚩 The higher the timeframe, the more traders see it and, accordingly, the greater the price reaction on it. Montly>Weekly>Daily>4h>1h>...
🔥We can expect the index to fall from point #5 or at least partially consolidate at these levels before falling, as it was back in 2017 (or point #3). This can pull the price assest including BTC and altcoin to the new ATH.
📊 BTC global bottoms.
In addition, the reversal of the dollar index coincides with the formation of Bitcoin's global bottom. Bitcoin began 3/4 of its bull markets with consolidation at the bottom, which is happening now.
🚩 Of course, local manipulations with the collection of liquidity below $17,000 are very likely, but even now you can start to look for a good entry point in the trend reversal. For example, it may be the pattern of higher lows and higher highs, which is characteristic of a bullish trend.
✅ I use much more advanced trading systems to identify the best entry points and open trades either short or long, about which I write my ideas on TradingView, but this pattern will definitely help both beginner and experienced trader to earn more.
Traders, will you use this analysis in your trading❓ When exactly do you expect the global bottom on Bitcoin❓ Let's discuss it in the comments.
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
BTC/USDT :: Descending, but in what way !?BTC/USDT :::
<<< The general trend is downward >>>
First mode :
for a while the upward trend and hitting the resistance range of 34,000$ to 40,000$ and finally the downward trend .
The second mode :
The downward trend is integrated with short-term corrections .
In general, it depends on the direction of the triangle break .
<<<< Top ? Or Down ? >>>>
📊How to use BTC reversal to open 1:20RR trades❓Hi friends! Today i`ll show you the new NEW Bitcoin pattern which appear 1-2 years ago. You will see how it works and be able to use this pattern in your trading. It seems that you will need this knowledge soon, so read to the end and write comments if it was useful for you.
As we can see on the chart this pattern appear when the clear trend is come to an end and some consolidation starts.
✅ When bulls or bears start to lose their strength and liquidity collection starts to more and more often.
📊 What is the liquidity collection❓
Liquidity collection is a deliberate manipulation of whales (big players) when they push the price above or below local highs/lows in order to trap the traders who open the trades on the breakout of these levels (high or low) with limit pending orders.
Liquidity collection can be either a "spike" or a false breakout of the key level.
✅ The examples of liquidity collection:
🔥 $62 000, 14 Apr 21 - short
🔥 $30 000, 21 Jul 21 - long
🔥 $67 000, 9 Nov 21 - short
🔥 $17 600, ??? 22, long
🚩 A lot of local examples on lower timeframes, but i showed you only most clear of them.
📊 How to open a trade and get a max profit?
Look at the examples on the chart.
1️⃣ You need to identify local highs or lows and wait for a false breakout.
2️⃣ Open the trade after the price closes above the level (if long) or below the level (if short) and place a short stop loss above or below this key level.
3️⃣ Close a trade with 1:20-40RR.
🚩 Sometimes you can get 2-3 sl but in 1 trade you can make 2-3x and cover all loses.
✅ Now the BTC close to it`s local lows and liquidity collection below the $17 500 key level is highly expected. For example because of today FED meeting.
📊 On what timeframes can you use this pattern?
You can use this pattern on larger (1h-1d) and smaller (5-60m) timeframes. For example, you don't need to wait long for local highs or lows to use this liquidity collection.
I use the liquidity collection for scalping on smaller timeframes (5-60 min). Also, use it for the swings on 1-4h. So you can also earn using this pattern on different timeframes.
🚩 DOM and Footprint are the tools that helps me to identify the big BUY and SELL limit orders of the whales. Especially it helps to open a profitable trade on such false breakouts, when i see the huge limit wall above or below the key levels.
🔥Traders, is this idea was usefull for you? Write in the comments!
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.