Berend himself

Mentee, studying, partially executing

[Hippo @Hippo_Trade]

US30 trade from today.

This one played out fast and clean, closing for +4R.

These are exactly the type of 1–24h timeframe trades we take every day inside the Hippo Trades Telegram.

There don’t need to be huge winners. The goal is to keep stacking these R’s trade after trade. Combined with controlled risk and consistency, that’s what eventually builds a profitable month.

Another +4R in the books.

https://t.co/5TuLyJPNt4 - Get the book + first 30 days inside the Telegram completely free.

#US30 #DowJones #Trading #ForexTrading #DayTrading #PriceAction #TradingStrategy #RiskManagement

[Berend himself @berendhimself]

@RayoMayoFayo

[Berend himself @berendhimself]

@RuurdSnijdtDoor Heerlijke reacties😂

[Berend himself @berendhimself]

@RuurdSnijdtDoor Goud idee!

[Berend himself @berendhimself]

@RayoMayoFayo 🤝you and me both mate

[MartaTrades @MoneyTaura]

Recently we have witnessed crypto go through extreme turmoils resulting in big and aggressive drop. Not one. But many. But was it a drop impossible to trade? Was is a drop impossible to catch and cash in on?

I am here to show you a perspective on the market that should help you make better choices when it comes to your entries. It might also help you understand the dynamic of he market better.
None of this tho will just come to you. You still need to spend a lot of time on charts getting to know how it all works. The more you draw, the more you pay attention to key levels (past key turning points are perfect to start with!), where you go beyond the obvious (it mooned or I dropped) the better you will become at being in control of your decisions and making most out of each move. Even if you miss some…

Let’s start here. Back in October $BTC hit another ATH. Euphoria, the usual predictions of “UPtober”, “super cycle”- but what we see is a 3x hit into the highs. One of the signature moves used by the MM and often pointed out by Moneytaur as a powerful formation to watch out for.

(As a side note - as I am trying to make this post more detailed and educational (FYI not all will be like this going forward… I will not be as obvious in my explanations but I am hoping this one will inspire more of you to really see the “bigger pictures” for what they are)- not ALL "3x hits" will result in the same follow up pattern. You will need to learn how to spot SOS and SOW to see which direction and why the pattern most likely is going to go and spot your invalidations quicker than all the rest of the herd to minimise your loses in case it is not going as predicted).

That 3x hits resulted in drop of more than 19% of value on $BTC. ( I am not here to talk about what caused the drop and I am not going to discuss the 10/10 event or any other. There is a big reason for it. I want every reader to concentrate on technicals first and foremost. Events, news etc - are important to pay attention to- but you need to get the order of things you are doing right above all. If you are waiting for the news to carry out before you have your analysis you are already loosing. You need to train your brain to accept data like a computer. Process it and come out with a ready made picture that is based on data- painting best probabilities and possibilities you can act on - the news etc will happen in their own time. And soon you will start understanding what “timing the market” actually means. But without becoming a “machine” when it comes to processing what you see on the technical side you cannot proceed).

But what if you missed that drop? Was there any sense in trying to enter after that?

Well…if you know your basics- and you should, really should (read my pinned post for some more examples what basics are)- you know about market structure break of structure, liquidity, supply and demand as well as basic 3 wave move between those two. So you know you can now plan and plot for an in. And then you wait.

The entry doesn’t always come fast. The entry isn’t always very obvious. And most of the time the entry will come with doubt, hesitation and some fear. But when you put the data together- you know your odds and then you act. You already have one big piece of the puzzle put together- 3x hits and a massive reaction to it. You then look at the formation and see for potential FVGs, liquidity, untested fibs(and more)… you put that all into your database- your computer that is your mind that is learning how to operate this market without emotions. And you see this picture.

That entry takes 18 days to come. That’s nearly 3 weeks. You not only have an opportunity to long in that period and squeeze something out of the 12% retrace but also print on another epic drop that goes on for further 30%. But… if you were too scared and paid too much attention to your X feed - you didn’t right? - Back to the point here I am trying to make by writing this post- your knowledge of the most basic rules and laws of the market is where you are going to be making the money.

At first it does take a while to find your way in the maze with all the different techniques, tools, ways etc… (But those who follow MT and me for a while know at this point how “simple” it can become and that what Moneytaur has opened our eyes to is truly life changing) and even at that you still find it sometimes overwhelming. But once again- let me emphasise the importance of staying focused on WHAT you KNOW and SEE with all the PLAIN and SIMPLE information right in front of you. Once you grasp it- you can start adding more and more, layer on top of the layer... keep on mastering the game to keep on levelling up.

Now… what if I told you there’s more but most of you fumbled it too cos you all got stuck in the chop letting emotions take over?...And what if you paid attention to THE most OBVIOUS and IN your FACE facts AKA KEY levels, market structure and liquidity??

That key level took 53 days to arrive. That is nearly two months… Two months of mostly chop and scam wicks. It was chopping and trapping people around the “Santa Rally” promise…and NY Q1 new bullish phase incoming… but AGAIN- back to the FACTS only.

Yes there was a way to long- the whole move was in around of 20% and there was “easy” 11-14% that could have been pocketed on. Simply watching the structure, paying attention to liquidity and the fibs…
And the short… well- yesterday’s finale will be talked about for months to come. Similarly as the 10/10 event was. All the while inflicting fear, doubt, hesitation and mudding the waters so you do not see the big picture. The drop was so brutal (no stopping at key levels, flaky reactions at most sought buy levels, etc, etc). To say that- it took over 20 days to arrive. And your ability to take profits on the way down skilfully is another thing (maybe another post another time… but everything here is interconnected and if you pay attention everything will be making more and more sense if you stick with it).

So the question and the big point of this post is- do you know now what to do and how to approach the potential bottom? If you missed it and IT IS the bottom…? And if it is not… what are you going to be paying attention to? What is your next move?
Let me know in the comments what your thoughts are after reading the post and how you are planning on playing the next market move? And can you maybe already see how there is ALWAYS an opportunity to trade no matter what direction or level the market is at and getting on the MOST optimal levels at that that bring best RR?...

Ps. I am not saying any of this is easy or that what I showed you is enough. This post was to provoke you to shift perspective, see things that are there and you might not be looking at at all or letting other things distract you. Sometimes LESS is MORE. Try it… and then start building more and more. Also - trading is never risk free. No matter what you see and how sure you are you always have to be ready to invalidate your ideas. But without seeing the facts you will never be able to see the right path either.

[Berend himself @berendhimself]

@melovemoney1 Did not expect this gif from you😂

[Berend himself @berendhimself]

@ABN59D Watching you grow the last few months has been a great sight, absolute inspiration. You're killing it man!🔥

[GPM @melovemoney1]

We have entered the 8 day window

[Berend himself @berendhimself]

@ABN59D I see you have a better SL, got stopped out by few pips😓

[Berend himself @berendhimself]

@Donjim95 Exact same setup and SL😅

[Berend himself @berendhimself]

@ABN59D @RayoMayoFayo Played that 1.272 just too tight😅

[Berend himself @berendhimself]

@MoneyTaura

[GPM @melovemoney1]

VSA\Psychology\Liquidity breakdown for the CRO trade (thanks Moneytaur for serving this trade up).

VSA is all noted on the chart, great confluence when entering a key level. VSA here was just icing on the cake, simple one.

For the liquidity\psychology - I know many may already know this, but many may not.

A lot of people in our community that share are beasts, advanced, and share a lot of great setups.

I'm trying to hit a different angle to help those that haven't yet picked up some important concepts that I missed for a long time.

So lets talk liquidity\psychology.

Many beginners will enter on the first tap of the CRO trade (which can be fine IMO).

In this case the reaction was good very quickly.

We are quickly in green, dopamine hit.

Went down as much as 13% before coming back up for tap 2.

A lot may see this and move stop to BE...or most move it to above tap 1.

And this is exactly why many times price will come back up for a tap 2, above the first tap.

All of those stops above tap 1 serve as liquidity.

So they come back for that liquidity.

And this case is simple, just 2 taps (so far)...sometimes there's many taps.

And they know that the profit number shrinking, or that fear inducing red PNL will scare most people out.

They are taking advantage of the dopamine hit, and they know as that dopamine wears down and you see profits shrink or red...you're going to make an impulsive\emotional decision to get out.

I have screenshots of like 100 trade setups at LTF from when I was studying LTF movement, and I can tell you that this happens at least 70% of the time (estimated from the 100 setups I have).

It's very important you are aware of why it happens (liquidity) bc when you understand that the psychology gets easier.

Instead of "shit, this things about to run" - you understand that they are grabbing liquidity at the high\low and you can control your emotions better.

Then confluences like the VSA help you stay confident.

A second tap higher (on LTF\MTF) happens more often than it doesn't according to my data.

Go watch some videos on liquidity, understand it, you it will make you a much more even keel trader.

Hope this helps

[Pumpcat 🐱📉 @pumpc4t]

This is worse than I thought ngl 🫣

I’m going to give away a 1 year free sub ($749) for my @9livescapital VIP Discord as a way to give back a bit 🤝🏻

We’ve been nailing bottoms and tops for over a year in the catfam.

Like and retweet and I’ll pick a winning cat 🐱

[CryptoShadow 👑 @CryptoShadowOff]

Last year I dumped all #Crypto at the top

1. Thought we may never go back up again
2. Bearish most of the way down
3. But now? I'm back in buy mode

──────
Today I have a thread > full< of alpha for you
──────

"How I Dumped The Top & Why I've Started Buying"👇

[Flood @ThinkingUSD]

"There's going to be a lot of enforcement and unfortunately a lot of people will be hurt" - @GaryGensler

Translation:

"We see you guys making money without us and we're going to make sure it stops."

[Berend himself @berendhimself]

@DJCrypto_ @NewsAsset I need this too!

[Root 🥕 @therationalroot]

in 2013 we had 30 days of relative sideways behaviour before we got the pump that took us out of the consolidation, in hindsight that was an amazing time to stack, all below the bottom of next bear.
#Bitcoin