So @jonswaine@washingtonpost has seen hundreds of documents containing evidence that Tulsi Gabbard, Donald Trump's Director of National Intelligence, was directed throughout her career by the leader of the cult she grew up in
https://t.co/xbXRTIX1tl
I would argue that this day does much greater damage to the reputation and credibility of the US than the disastrous Afghanistan stampede. Hosting and even applauding a murderous dictator.
Today would have been my dad’s 74th birthday.
This season carries gravity. Father’s Day, his birthday, and the anniversary of his passing all fall within 60 days.
For me, grief has no straight path. It revisits, reshapes, and rises when I least expect it.
But alongside it lives a legacy built on generosity and kindness.
He made people feel seen. Gave permission to feel deeply and to laugh through pain. That mission continues.
To those carrying loss right now: you’re not alone.
Happy birthday, Dad. Love you forever.
December Top to Titanic Bottom: A Review
So how did I perform regarding the „Inverse Titanic Event“, one of the biggest opportunities this year so far?
To answer this, I’m gonna start where it makes most sense, at the early December top. You’ll be presented with my full track record since then, in a fairly detailed manner making this post the longest I have ever published. If you haven’t taken the time to reflect on how everything unfolded, consider using this as a framework to review your own decisions. It is crucial in order to sharpen your edge for the next round.
Let’s begin.
Five days before altcoins peaked, on December 2nd, I warned about a reaction from the 2021 supply level into the 2W BB at 1.35T as my most likely scenario. I quote: „A reaction at the 2021 supply would also fit with a short term double bottom on the USDT.D chart, many great opportunities to take advantage of in that case“. What happened was exactly that, a rejection from the mentioned supply level into the 2W BB, where you could have taken very profitable longs. https://t.co/aAGPywJm6I
And it wasn’t the only warning. For example, in late November I publicly announced that I was scaling out of my spot bags, moving completely out of DOGE after its 500% run at 0,48$. https://t.co/bdhn2DwLyk
When posting the mentioned TOTAL2 chart, I still found it fairly likely that we could push above the 2021 supply after taking out that 2W BB, sharing Moneytaur’s BCS of 2.49T, thus the path that I drew. As we continued to hover between the PSH and the 2W BB getting closer to Trump’s inauguration, I started to change my stance due to the many signs of distribution. Consensus was „after Jan 20 we go to the moon“ (the cabal was calling for >250k) and it became increasingly obvious that this was another trap. Most of the usual signs to look out for when estimating the probability of a local top were positive, plus $Trump coin… https://t.co/26WCjbkD2J
In my opinion, the trap got confirmed looking at PA during inauguration, with strong signs on m’TFs and a daily SFP on BTC and TOTAL2, plus a failure to close below 3.7% on USDT.D. That’s why I stated on Jan 20 that „I think we are very close to a local top“. https://t.co/7i1ZF0VRzX
And so happened the Feb 3 flash crash which sent many altcoins into total destruction. I communicated beforehand what key levels I was expecting on majors and stated that we should see a reversal from there. It led to altcoins pumping 30% and more, very profitable if executed properly. https://t.co/v3gAqHILjE
During the aftermath of this crash, I published two profitable short-term plays (KAS and SHIB), both LTF key levels hidden in the wicks created on Feb 3. In addition to that, I expressed caution, as USDT.D’s most refined reversal area - the 2D BB - was left untouched. https://t.co/mFwdhUhd2V
In the context of caution, my warning about bitcoin came right in time... https://t.co/GR0UkUfKre
When the 5% level on USDT.D finally got fully filled, I also gave updates on how I was treating my spot positions, adding to what I acquired during the crash. https://t.co/cgNL62pxFi
Shortly after, on March 2nd, the Strategic Bitcoin Reserve was announced. My take at the time: „The monthly closes on BTC, ETH and TOTAL look like price wants to go for lower key levels first. Liquidity grab by Trump at lows just confirms this IMO.“ https://t.co/uaMOYOPuj3
Because of this outlook, I moved all my spot plays to BE. And I was right to do so, as most altcoins dropped another 30%, with some over 50%; and that’s from the pico lows of the Feb 03 crash - imagine how rekt top buyers of the SBR announcement must still be… https://t.co/llRiUwutFK
Atomic Habits by James Clear Book Review
Overall Score: 11/10
I have been wanting to share my learning experiences from books I have read & how they can contribute to successful trading in the markets. To start, there is no better option than beginning with the best book I have ever read, which I believe everyone should read at some point, Atomic Habits.
Atomic Habits, written by James Clear provides a framework on how to build good habits & break bad habits by using what he calls the "Four Laws of Behavior Change". You can be a trader, an athlete, a student, parent, business owner etc... The comprehensive guide is built to create progressive systems and make or break any form of habit, getting 1 percent better every day.
Over the course of the book, you look into dozens of stores about top performers & how tiny changes correlated to remarkable results. You learn about many strategies, models, secrets & lessons that help create new habits & reveal interesting insights about human behavior. In this book review, I would like to share my 3 favorite takeaways & how they can help you not only in trading, but in your every-day life.
1. Motion vs Action
James Clear explains that it is easy to become unable to progress when trying to find the most optimal plan for change: the fastest way to become a profitable trader, the perfect entry set-ups on a chart, the best way to overcome statistical errors in trading.
Most unprofitable traders are so focused on learning the best strategy & skill-set that they never end up taking action. James refers to this as "the difference between being in motion and taking action."
You spend hours analyzing charts. Flipping through multiple timeframes to find the best entries & exits. Draw them all out & post the satisfying looking chart on your x account for others to see. Price eventually comes to your level, but you didn't enter. You had it all drawn out, it was there for the taking. But you didn't enter. You instead retweeted the chart you previously posted, saying "level worked and up 5R". Your analysis was successful & accurate, but did you profit off it ? No you did not.
This is being in motion. You're planning and strategizing and learning. Those are great things, but they don't produce results. Results don't come until you click buy & sell, that is action. Clicking those buttons is taking action, those produce outcomes. Drawing out your take-profit lines is motion, clicking portion-sell when those lines are hit is action. Again, motion can be useful, but it doesn't matter how many accurate chart forecasts you posted on twitter, if you didn't take action you didn't make profit.
Why do we do this? Why do so many traders post charts on twitter but never take action on their accurate forecasts ? It is because motion allows us to feel like we are making progress without running the risk of failure. You can post the updates of the winning set-ups easily, it makes you feel good & talented. But, there is no downside. If the level did not work, you're not getting stopped-out for a loss. Worst scenario is a negative comment pointing out an unsuccessful forecast. This, then leads to further motion. We then become afraid of the criticism that comes with misleading followers & inaccurately forecasting, so you then not only NOT take action on these forecasts, but you stop posting them. Further slipping into motion to delay the fear of failure.
Motion feels like you are getting things done, progressing towards your goals. But in reality, your just preparing to get things done (that never get done). Don't be afraid of failure. Take action. Stop trying for perfection, try for repetition. Practice & take action.
2. The Two-Minute Rule
Every habit is started with a goal in mind. The habit of charting, is started to eventually become a successful trader. The pursuit of financial freedom & work for your own dreams, not someone else's. The issue is, many of these habits are not fun. When you don't wanna do something, it is easy to not do it (human nature). If you don't stay consistent or follow through with your habits, your goals will stay out of reach. So, as James's rules go... you make these habits unavoidable, attractive and easier.
The two-minute rule states "when you start a habit, it should take less than two minutes to do". This is one way to make habits easier and more attractive. Instead of "Chart for 3 hours tonight" it will become "Open up Tradingview". Your objective is not to achieve, but to do. Charting for 3 hours can sound unattractive and difficult. But, simply opening up Tradingview creates a habit cue that takes under 2 minutes to do. The idea is to make habits easy, because when they are easy you are more likely to continue the habit.
The point is to master the art of showing up. The first two minutes simply become a ritual at the beginning of a larger routine. If you make it easy, the rest will follow. It will be easier to slip into the state of deep focus and peak performance, once you ritualize the beginning process of habits.
Charting for hours can feel like a chore. But, if you commit to simply opening up Tradingview every single day, eventually you will experience the feeling of "I'm always opening up this app, might as well start charting anyways".
Habits are not about achieving, it is about doing. Focus on the habit, not the goal. One hour of charting is better than no hours of charting. Spending one second on Tradingview is better than not opening up Tradingview at all. Stop always focusing on the goals, or you will feel unmotivated. Create and focus on systems of habits that get you to take action.
"The purpose of goals is to win the game, the purpose of building systems is to continue and forever play the game."
This also relates to a previous post I made about why you should focus on systems vs goals 👇
https://t.co/OSVIvq17fI
3. The Cardinal Rule of Behavior Change
"What is rewarded is repeated. What is punished is avoided". ~ Cardinal Rule
Positive emotions create habits, negative emotions break them. The first three laws of behavior change - make it obvious, make it attractive, and make it easy. The fourth law is - make it satisfying. The first three laws start a habit, the fourth law increases the odds of this habit/behavior being repeated.
Right now, you are reading/following an example of how I used the fourth law to chart more often. I made charting more satisfying in two-ways:
- Created a satisfying layout & style
- Dopamine-Driven Feedback Loop from this X account
By changing the format & colors of my charts, it made me want to chart more. I liked the neat, colorful & clean styled charts I made. Then sharing those on "TraderDune", started a self-reinforcing cycle that occurs when I post on X and receive engagement, causing a dopamine release, which leads to a feeling of satisfaction. This then helps me repeat the activity of charting in anticipation of feeling good again.
When I get likes, comments & reposts on my charts, I then want to chart more. Thus, resulting in the habit of charting to be consistent. With the habit of charting being consistent, I find more set-ups. I gain more experience in the markets. I obtain more knowledge. Which all leads to my ultimate goal of becoming a successful trader.
-
Overall, this book changed my life. The trader/person I was before reading Atomic Habits, is completely different from who I am now after reading this book. It has helped me tremendously in my journey of becoming a profitable trader & student in other fields. Everything is a process. Always look to improve. Always look to optimize. Get 1 percent every-day. 1% seems like such a small number, until they compound. That is the true power of atomic habits.
PS: Shout out to @Moneytaur_ for the recommendation (one of many amazing resources found on his account).
Many people ask me: "Mate, how do you chart? How is the process if I want to start from a naked chart?"
Time to drop the whole framework with the hope that you may find interesting ideas to apply to your journey.
Disclaimer: Before starting, it's important to remind that everyone has his own style and the crucial aspect is being able to find a methodology that offers the highest statistical probability over time, aka backtest, contextualized to goals/time horizons and time that an individual can commit.
(Quite long post, so if you're lazy "TLDR" skip it, this isn't for you -> but if you're drinking a Mojito 🍹on the beach, you have time to read)
- First step -
The first thing way before everything else is understanding the macro structure in order to have a clear view where the price is trending and thus being able to work on a strategy.
To do so I'm gonna directly switch the chart to HTFs, mainly weekly and daily which are my favorite TFs (monthly also, but after having made a "first touch-analysis") as they have more relevance than LTFs, of course.
From those TFs, the process is identifying:
- HHs/HLs for the bullish trend
- LHs/LLs for the bearish trend
Nothing difficult, this is the first and necessary step that leads to build up the main strategy.
- Second step -
Now that I know if the price is in a bearish or a bullish trend, I start to identify strong supply & demand areas where the price can be rejected or bounce.
S&D zones are more powerful than support and resistance levels as they provide wider areas, but this doesn't mean that S/R should be ignored but instead utilized as "2nd layer" once you grasped the bigger picture.
There are S&D zones that are stronger than other ones and they usually match historical and significant points in which the price has violently wicked or strongly rejected/bounced.
Take note as additional info that the more a S or D zone is touched, the weaker it becomes as orders on one side or another get absorbed -> this can change your overall perception and operational activities.
S&D zones together with S/R levels contribute to create the "main dish" which is completed by the "dessert" called Order Blocks.
OBs are zones where significant buying or selling from smart money, offering extra but valuable areas in which the price can reverse.
Bearish and bullish OBs can fail, there are no certainties, but being to properly contextualize them in an overall analysis can make a huge difference leading to profitability.
Not every OB plotted on the chart has the same relevance, most of them are weaker as they have already been tested multiple times, therefore increasing the likelihood of being melted like butter.
The process of finding good OBs doesn't only depend on looking at HTF ones, but also switching to multiple timeframes in order to find the best ones.
Weekly? Yes. Daily? Yes. But very often you can find good levels by switching to uncommon TFs like 2D/3D as there's liquidity contained in candles that are invisible to classic TFs.
Identifying and drawing these areas on a chart adds more clarity which is strengthened by the application of trendlines.
Trendlines are drew by taking into consideration at least 2 SHs/SLs but for my attitude 3 is the perfect number that validates a correct TL.
The 🔑aspect here is to not force a TL (don't chain yourself in finding one if conditions aren't met) + understanding that horizontal S/R are more powerful than diagonal ones.
- Third step -
Finding the liquidity.💧
This is one of the most important steps as everything turns around the concept of liquidity (more here if you're interested -> https://t.co/AIibrw2QM0)
Fair value gaps play an important role in my strategy, especially the ones who have never been tested, thus boosting the probabilities of seeing the price catching the liquidity 💧toward those areas.
Untested ones that find confluence with historical PA (especially areas in which the price has strongly reacted) are more powerful than "naked FVGs" that have less relevance.
As per the OBs, even FVGs might be evaluated on multiple TFs to find the best ones, meaning that if you find multiple confluences, those gaps become stronger.
In a strong trend, FVGs could act as supports if the body of the candle closes inside of them or the price wicks toward those areas, leading to continuation.
As a general rule, I tend to look for HTF FVGs in opposition of the trend meaning that, if we consider a reversal, the higher ones in a bearish trend and the lower ones in a bullish trend, will likely be more powerful contributing to attract the price over time.
FVGs alone don't tell you about the liquidity, they need to be contextualized to candle bodies in order to be effective.
- Fourth step -
The study of price action.
Once the chart starts to appear clearer as it incorporates the concepts we mentioned above, I start to monitor all the factors involved in the PA.
This includes:
- The candles (big or small bodies and when they appear)
- The wicks (where they spike and how long they are)
- Momentum & Dominance
- Closures above/below significant areas or SHs/SLs
The dominance is extremely tied to the concept of S&D, with SHs/SLs as points to overcome in order to see continuation/reversal.
Momentum, instead, refers to the "speed" of sellers and buyers.
The less it takes for a price to reach a specific level, the stronger the momentum from buyers or sellers.
The more it takes, the weaker the momentum for one side or another.
When the price closes HTF above SHs/SLs I know that could be a trigger for future continuation, usually preceded by a pullback, it's not "an instant shot".
I know, there are dozens of candle types (marubozu, hammer, hanging man, etc) and they surely help, but I prefer to move my focus on the bodies and on the wicks, as they can be enough to understand what is happening/about to happen.
Patterns?
Yes, the ones that have the highest probabilities like H&S/IH&S + 3 drives + ABCD correction.
Triangles? Sometimes, but more specifically to see if the price is compressing and can lead to a breakout.
- Fifth step -
Adding Fibonacci retracements.
I apply them on a macro scale and on HTFs, both to calculate retracements and potential targets for the future.
I use them also on lower timeframes as they help me to calculate small retracements on uptrends and assess where I could potentially take profits and reload lower.
Areas of interest are usually 0.786 + 0.618 + 0.5 (equilibrium), both for uptrends and downtrends especially if they match with S&D zones or FVGs as they become more powerful.
Extensions to calculate targets are another crucial part of my strategy, with the area of 1.618 + 1.454 + 1.272 that often helps me to find amazing 🎯
- Sixth step -
Finding confluences with external "noise" like news or announcements as they often happen when the price reaches a significant 🔑level.
Bullish news +🔑 HTF upside level -> sell
Bearish news + 🔑 HTF downside level -> buy
Price action always moves first, then the news comes out to "justify" the impulse and to 🪤 retails.
- Seventh step -
The add of potential indicators.
I don't use common indicators if not the Volume Profile that helps me to spot volume voids that matched with gaps contribute to attract the price or see areas in which there was substantial trading activity.
I often utilize Velodata for OI, Funding rate, CVD spot volume, Premium & Perp which help me to sustain the main thesis led from the price action alone.
The other indicators, for my strategy/idea aren't helpful.
That's basically the whole framework of my strategy and how I setup my charts.
If you found this helpful, the like 👍and repost buttons are just few centimeters below.