@SenshiTrades316@WatcherGuru Which stocks are you looking at in particular regarding quantum computing besides the big ones like Microsoft & co.?
Any hidden champs on the radar?
Do you see potential if we SFP with today's D close the last ATH, we might flip the 2D and 7D HOBs into resistance, and then continue the retrace after this crazy extension we have seen since the Coinbase announcement and all the other "hype" posts all around CT.
Or could these freshly formed HTF HOBs rather serve as a jumpboard for higher prices and, therefore, for potential fresh longs, despite the crazy move we have seen over recent days?
Curious what your thoughts are about it.
Thanks for going into it, mate!
Since 20 September 2020 @Moneytaur_ published 30165 posts.
Based on my personal archive that contains a little bit over 24% of them, you'll find:
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NGL that's A LOT for a one guy, whose content is primarily accessible free of charge.
A realization i had about trading theory that i put in my journal recently, thought i'd share in case it helps anyone...
The whole game of trading is about positioning yourself. That's it. It doesn't have to be fancy. It's not about accurately predicting the market. It's not about attaining some genius level identity. It's not about cracking the davinci code. It's about having enough restraint and control to selectively position yourself in ways where the risk is low and the probability is high, over and over.
That's it.
EVERYTHING in trading is a subcategory of that main purpose/intent.
There's a lot of different strategies/ways we can go about slicing that overarching intent, but that's the crux of it.
It's the thing most new/aspiring traders don't realize about trading (myself included), and i think it's because big wins get so glorified on social media. But the truth is it's simply about gaming the math. It's not glamorous. You set yourself up so the math is on your side over the long run. Your entire trading strategy should be filtered through that lens, and not enough ppl say that. Prob cos they have a holy grail to sell
https://t.co/1p87PRbS6h
bitcoin:native 🎯
Price reacted perfectly from the 1H supply, just as I mentioned in the quoted tweet. That was enough to catch a nice quick short scalp. I wasn’t in front of the screen, so couldn’t catch it from the red zone.
Thanks for playing out.
$BTC [Update]
BTC has seen a nice little correction after SFP’ing the previous highs, down to my POI, from where we’ve had a reasonable bounce.
Speaking from more of an intraday perspective, price is now approaching the 1H supply zone here. A short can be attempted if we see distribution forming. If not, I’ll be looking for distribution from the supply overhead at 79K — if that appears, I’ll add some more size to my swing short.
That said, there are a couple of other scenarios I’m watching.
👉A rotation back higher to take out the recent highs around 80K–81K, where I’ll again add more size to my swing short if distribution shows up. Or, if we get a failure above those highs and price closes back below the current highs.
👉If not, and if price gains acceptance there, continuation becomes more likely, in which case we’ll probably see price trading up into the 85K–86K region, from where we’ll once again look for exhaustion signs to catch the swing short.I might even attempt a long from 80K to 86K if I see signs of reaccumulation, then flip it into a short if distribution forms.
@Moneytaur_ Is there a reverse Titanic 2.0 in play, or did we just hit the iceberg and everyone still kinda hasnt realized it yet, and we are about to sink slow and steady?
It‘s kinda tough to say for sure.
Curious what the next few days are going to deliver.
$BTC [Quick Update]
A potential PO3 (BTC loves throwing in this setup, especially on the HTFs) could very well be on the cards here. Wait for a reaction around the 77K–78K region. If you start seeing clear distribution forming, that’s your signal to go short.
For a safer entry, though, wait for price to get proper acceptance below the current RH that we broke out from.
Conversely, a daily close above 79K would likely mean 85K–87K is next on the menu. It’s unlikely, but keep it on your radar just in case.
Our best-case scenario is the PO3 playing out for a nice short. But as traders, we prepare for both sides so we can capitalise no matter which way it goes.
Let's see what we get.
$BTC $DOGE
Back with a bang :) Shared this one with the
https://t.co/B4xAPMmMXF in advance.
Took a bit of time off X to focus on scalping and trading properly. Expect regular updates from now on, lads.
In the wild ride of Bitcoin, timing the peak is everything.
Picture this: if you peg the macro top a tad too high and the market crashes just below your mark, you hold on too long, sell nothing, and watch your gains evaporate in a matter of weeks.
I encourage you to remember the sentiment on X during peaks. It'll probably help you find red flags, warning signs. If you don't remember well, you can always check the charts, find where tops formed, and advance search the most followed mainstream media accounts, Saylor, and the usual larp-whales content during those times. You can find a lot of answers.
Now flip it: if you call the top for a lower level and it hits a smidge above, you can sell before the crash, lock in profits, and avoid most of the carnage.
Example with my macro extreme premium top call for Bitcoin at $115,000 and with a clear opportunity to short and sell more at the HTF 3rd drive on Bitcoin. I'd rather be that bit early than late. On spot, i want to sell before crashes, not during crashes or bottoms. Most people are afraid to sell too early, so they choose to follow the noise in this space, where it's everyone's opinion Vs a handful of traders [who also hold but not perpetually] opinions, even if those traders are right most of the time and many powerful charts are at extreme premium levels.
It's the brutal asymmetry of prediction. Undershoot and you're golden, but overshoot and you're wrecked. This is why being a clueless moonboy will always get you wrecked. Of course, ego is the silent assassin in this game. No one wants to admit they're wrecked because of their ego.
Razor-thin line between success and regret in this game.
@mox_HL So I assume OXY and DEVON from those picks are your high potentials while the other two energy companies are just potential runner ups but you have more trust into OXY and DEVON.
For how long you monitoring them already?