This is a tidbit of the alpha I dropped this morning in the @BecauseBitcoin discord.
You can use code "TRADERX50" at check out for 50% off your first month.
Honesty is the best path forward.
Liquidity is flooding into altcoins thinking it can escape the carnage in majors.
$ETH JUST PRINTED THE EXACT SAME PATTERN $OTHERS IS PRINTING RIGHT NOW!
Let's dive into the mechanics.
When price accepts outside of the value of a range the most important thing to see is expansion away from the range. This not only protects positioning within the range it also then accelerates the move do to miss positioned participants having to chase.
What we are seeing RIGHT NOW is others specifically unable to see separation from the range.
This then threatens existing positioning if price were to accept back within the range.
ETH is a prime example of this.
We saw a move above range high, typical retest of the range high alongside a sweep of late long liquidity. If price is to truly accept outside of the range you then want to see that separation from it. Price was unable to and what then occurs is usually a fast move taking out the existing positioning within the range that then acts as fuel for the reversion.
Others currently is unable to see true separation from range highs. This is an issue because the fragility of structure is clear as systematic lows are being left behind. All that liquidity that is hiding out will not be safe, and it exaggerates the move due to positioning either getting liquidated or closing out manually.
Over the entirety of this cycle alts HAVE NOT been able to meaningfully run if majors don't.
What changes?
@SithHaters I think you have some great content, and i love your systematic approach to trading. I would like to talk more, feel free to send me a message.
Honesty is the best path forward.
Liquidity is flooding into altcoins thinking it can escape the carnage in majors.
$ETH JUST PRINTED THE EXACT SAME PATTERN $OTHERS IS PRINTING RIGHT NOW!
Let's dive into the mechanics.
When price accepts outside of the value of a range the most important thing to see is expansion away from the range. This not only protects positioning within the range it also then accelerates the move do to miss positioned participants having to chase.
What we are seeing RIGHT NOW is others specifically unable to see separation from the range.
This then threatens existing positioning if price were to accept back within the range.
ETH is a prime example of this.
We saw a move above range high, typical retest of the range high alongside a sweep of late long liquidity. If price is to truly accept outside of the range you then want to see that separation from it. Price was unable to and what then occurs is usually a fast move taking out the existing positioning within the range that then acts as fuel for the reversion.
Others currently is unable to see true separation from range highs. This is an issue because the fragility of structure is clear as systematic lows are being left behind. All that liquidity that is hiding out will not be safe, and it exaggerates the move due to positioning either getting liquidated or closing out manually.
Over the entirety of this cycle alts HAVE NOT been able to meaningfully run if majors don't.
What changes?
I outlined this for everyone quite clearly.
No cope, just contingencies based on levels.
I hope you paid attention to my Christmas tree chart and my warnings.
I gave the call to the discord that I allocated 5% of my portfolio into $IBM on the 26th.
Now with a 10% gap up in the overnight session and another 12% on Friday we are now deep in profit.
I think my HTF targets are conservative.
Here is a little time stamped update from my channel in @BecauseBitcoin discord.
I called out $HYPE to the discord as we broke out of our yearly value on volume.
Each play is discussed in our morning calls that start at 9:15am Est. every NYSE open.
We are providing 8 analysts at $150/month and you can use code TRADERX50 for 50% off your first month.
Here is a little time stamped update from my channel in @BecauseBitcoin discord.
I called out $HYPE to the discord as we broke out of our yearly value on volume.
Each play is discussed in our morning calls that start at 9:15am Est. every NYSE open.
We are providing 8 analysts at $150/month and you can use code TRADERX50 for 50% your first month.