G'day legends!
BTC doing an amazing job at holding onto the major support at 75.5k and the 4hr 50ema
Like we said yesterday, for the drop to start we will need to see a 4HOUR CANDLE CLOSE below the 75.5k level, until then expect the buyers to try defend this level!
I wont be free for a video today so I will keep you all in the loop here and I will see you all tomorrow!
Cheers legends! 🐳🐳
The chart shows you three things:
⏰Time
📈📉Price
📶Volume
❌🇯🇵⌛️Almost all TA systems except Ichimoku ignore time.
2⃣And a lot of people don't look at volume and are left only focusing on the price so they ignore two out of three aspects.
⚠️It is a big mistake to be presented with three completely different aspects of the market giving you information about it and to focus only on one of them.
🇯🇵❌📶Ichimoku's huge edge over other systems comes from the Time Theory but Ichimoku completely ignores volume.
📶💡So if you look at volume as well it can also give you a lot of extra hints.
🫴Here's the simplest yet very useful thing I've learned about volume from Dr David Paul:
🐻🐂Volume increases in the direction of the trend and tells you whether bears or bulls are running the market.
📶📈Of course, as anything else in TA, this is also not 100%. But ideally on a trend you want to see volume increasing when price moves in the direction of the trend and volume decreasing when the price retraces or consolidates.
🫴Here are some examples on the chart below.
The red arrows at the volume bars indicate where volume was increasing and the black ones - where it was flat or decreasing.
🐂In early 2024 the price pumped with increasing volume, then the slow bleed until November was on a flat volume.
🇺🇸🐂Which hinted that bulls were running the market and the uptrend was intact. Then you see how the price again pumped on increasing volume when Trump won the elections.
❌🐼The dump to 2025's April low was also not on increasing volume, hinting for another leg up coming and that happened.
⚠️🐂However, this next leg up was not on increasing volume which was the first warning sign for bulls.
⚠️⚠️🐂Then the dump to 80K followed on an increasing volume which was the second volume-based flag for bulls and the first clear hint that bears are in control and more downside is coming on the weekly scale in 2026.
👑🐻And as you see, currently bears are running the market because the pump to 98K was on low volume and now the current dump is again on increasing volume.
🐋❓Long story short, it's important to look at volume because it tells you where big money is positioned. As they are whales, they can manipulate the price and try to mislead you.
📶💡But exactly because they are big players they can't hide volume when they sell or buy with real intentions because their orders are huge. So when volume is high you can guess what big money is doing versus what retail is doing.
📈📉💡Also in a range, before a breakout, volume tends to be higher on the bottom candles if the range is an accumulation and volume tends to be higher on the top candles if is is a distribution.
However, this is more difficult to identify than the volume swings during a trend and it's not always that clear.
📽️You can learn more about volume from the late Dr David Paul himself here: https://t.co/0NQp9ckxe4
Most, if not all of my trading content is over in our VIP Telegram!
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$BTC $ETH
Three months, the range continues, and our plan too.
4 Legs and counting. Trader's Paradise fam, ezpz!
No emotions or trust here, we VERIFY. $BTC
Ichi on most TFs remain more neutral towards the future than anything else. The closing level this month will be important because Ichi too, pay attention. And remember you don't get bullish at resistance, or bearish at support, eventually one side WILL breakout, the question is when and how ready are you for that.
https://t.co/299F5XHphw
VIP Livestream recap from Monday is now up over on YouTube.
We go over $BTC and $ETH along with our most recent setups/active trades and how I am looking to trade it going forward. We also talk $SOL Perp-Dex plays $BTC.D and more!
https://t.co/meCgrfQPQb
Not a single bottom in the history of #Bitcoin actually looked like a bottom but more like a fully broken structure like in 2015, or 2018.
Buying very big for the long term, I dont care for short term price movements. Iam ready to hold two or three years.
See you in 2024
Patience still needed in these market conditions and for $BTC in my opinion.
Everyone wants everything to go up right away but it just normally doesn't work that way. Still locating good areas for dip buys and DCA levels.
Follow along ⬇️
https://t.co/hJWtBId5Da
VIP Livestream Recap is now up over on YouTube.
Stream is from yesterday w/ VIP Members, we go over $BTC $ETH $LINK $TOTAL + more.
We talk current setups & areas I am willing to long/short next along w/ current trades. Can altcoins keep momentum going?
https://t.co/cP12WXCTVn
VIP Livestream Recap is now up over on YouTube.
Stream is from yesterday with VIP Members and we go over $BTC $ETH $CRV $SUI $BNB and $PUMP.
We talk current setups, ongoing trades & areas I am willing to long/short next.
https://t.co/qzRIz2K3lW