Weak vs strong structure bullish
Weak vs strong structure bearish
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0.1k - 100k Spot Challenge Guidelines:
1. Spot (only longs)
2. $100 start balance
3. All tweets are compounded towards challenge
4. Green boxes on tweets are entry zones & red boxes sell zones
5. There are no pre-determined TP’s or SL’s (all manual based on PA)
6. Full account balance is taken into consideration when entering. High risk, high reward
7. When there are multiple setups to enter (set alerts & enter whichever fills first & ignore remainder)
8. Remainder can be swapped to immediately once the prior position is closed
9. Slight differences in entries doesn’t matter, this method is percentage compounding, not RR
10. Don’t go to long periods of sleep with an LTF position open, I change bias quickly based on PA
11. Challenge specific channel is also in discord (exclusive to vip) The channel keeps record in a more manageable manner only
12. Mark entries from my boxes on your own, I do not write them down. Moderators in discord do it separately for vip’s
13. You don’t need vip for better performance, if you have bare minimum IQ, you’ll understand my format publicly
14. Preview previous challenge log for an idea on how it’s done
15. At max, keep 3-5 tokens on watchlist from my tweets to consider to challenge fills
16. Copy trading is available, it only costs $50,000 to connect to my private terminal. Very affordable!
17. There’s no leverage
18. It will take minimum 6 months to complete
19. Your goal should be to use your brain and yield 50x while I do 1000x Forget about being able to replicate results exactly as mine
20. Take an online IQ & grammar test before copying me
Yesterday's PA was pretty aggressive from the sellside
Price falling fast with OI rising and CVD dropping on both futures and spot. Bears were selling/shorting very forcefully, continuing to chase the move down even after price had bottomed
Remember that OI 🔼 + CVD 🔽 = shorts opening (bearish 🔴)
Now we're seeing price drift upwards with OI dropping and CVD mostly neutral
Funding is pretty neutral too, slightly positive but that alone doesn't tell us much
Recall that OI is just the total number of open contracts, and OI 🔽 here just means that money is leaving the market, either from shorts closing or longs taking profit
Would like to see CVD pick up here and get some actual buy pressure, especially from spot. Otherwise it kinda feels like we get a staircase up, elevator down
Remember that:
OI 🔽 + CVD 🔽 = longs closing (bearish 🔴)
OI 🔽 + CVD 🔼 = shorts closing (bullish 🟢)
However here CVD is neither moving up nor down, so it's hard to form a bias from this alone
Also worth noting that we saw a decent amount of sell pressure absorbed at the lows. Recall that downtrend absorption = price higher lows + CVD lower lows, which is exactly what we saw with that rounded bottom structure on $BTC before it rallied / reversed