I haven't been here much lately.
But that doesn't mean I've abandoned the market.
I'm literally in the market every day. I just spend more time on positions, risks, and execution than on publications.
I closed April and May in the black. Work continues.
Futures take up all my time📈
Closed both positions - calm execution, even though one of them was basically a symbolic entry with a tiny size.
In the case of $BCH, there really wasn’t a better entry after that - ended up with around $30 profit at 100%+ ROI.
As for $SUI, it dipped lower and I doubled the position - result: roughly the same profit, but with around 60% ROI.
Opened a quarter-sized long on $BCH and $SUI.
Both setups look similar.
We had a 5-wave move down, followed by a smaller 5-wave move up. I’m treating that as the first wave of a new impulse.
Entering on the pullback. Missed the 0.382 level, so the position is smaller than usual.
If we dip lower, I’ll add.
Potential: ~10%
Opened a quarter-sized long on $BCH and $SUI.
Both setups look similar.
We had a 5-wave move down, followed by a smaller 5-wave move up. I’m treating that as the first wave of a new impulse.
Entering on the pullback. Missed the 0.382 level, so the position is smaller than usual.
If we dip lower, I’ll add.
Potential: ~10%
Another week - only 2 trades.
Looks like one of them really cooled me off 🙃
Not much to say - missed the moment, the reversal already started. Now just waiting for the next one.
Was watching $HYPE closely, but never found a clean entry.
Had solid potential though - around ~20% on the 4H setup.
First week there was pure gambling, just saying 😅
Made a bunch of mistakes in the $DOT short I opened yesterday.
Honestly, I was already ready to take the loss - but the market let me off easy this time 😅
Elliott Waves alone won’t tell you where to enter.
Yeah, they can hint that something’s coming - but not when exactly. Even if you spot the 5th wave, it’s hard to know where it ends, since it can be either the longest or the shortest in the pattern.
In this case, it actually looked more like a zigzag than a clean 5-wave move.
You don’t need to memorize every candle pattern or reversal setup to find entries.
Sometimes it’s as simple as drawing a diagonal and waiting for the breakout - that’s it.
And overall, shorting after a 12% daily move up without any real reversal confirmation was a risky idea from the start.
Lesson is simple: rush in - get punished.
Closed the position using the same logic.
Trendline broke - I’m out.
As usual, left half the profit on the table…
But hey, you never catch the exact top or bottom, right? 🤔
$APT played out nicely 🙂
Couldn’t resist and opened almost right after the post - half size though.
Then, as planned, added the second half at the local high later in the evening.
Ended up catching the expected ~2% move, but as usual… greed took away half the profits 😅
Was hoping for a deeper drop, but got stopped out.
On to the next one…
The night before last had some great long entries. I liked BNB the most - but the market moved while I was asleep… 😅
Yeah, I could’ve opened from my phone, but I’m really not a fan of that.
Right now there are barely any clean patterns. On the 1H everything is mid-structure - nothing clear yet. So it’s a waiting game…
The only thing I’ve found that looks somewhat decent is $APT.
At first I was shocked by the price - last time I checked, Aptos was around $7 😂
Anyway, from local highs I’m looking at a short for a 2–4% correction.
Hands are itching to jump in right away, but I hate shorting at the lows.
If it gives a better entry - great. If not, I’ll just sit back and wait 🚬
The night before last had some great long entries. I liked BNB the most - but the market moved while I was asleep… 😅
Yeah, I could’ve opened from my phone, but I’m really not a fan of that.
Right now there are barely any clean patterns. On the 1H everything is mid-structure - nothing clear yet. So it’s a waiting game…
The only thing I’ve found that looks somewhat decent is $APT.
At first I was shocked by the price - last time I checked, Aptos was around $7 😂
Anyway, from local highs I’m looking at a short for a 2–4% correction.
Hands are itching to jump in right away, but I hate shorting at the lows.
If it gives a better entry - great. If not, I’ll just sit back and wait 🚬
Solid week overall
9 trades = around $200 profit 💰
Back to the charts tomorrow - time to hunt for new setups for the week ahead.
Let’s see what the market gives 👀
Interesting situation on #ADA yesterday
I opened a long as usual - after a 5-wave move and a trendline breakout. True, we managed to open only half the volume, but better than nothing)
By the way, I also noticed another pattern in this setup that might strengthen the strategy.
Pay attention to the volume.
At the local bottom, right after the 5 waves, we saw the highest volume across the entire move.
Definitely something to keep in mind...
As for the entry - pretty straightforward. But the exit? That’s where the market showed its tricky side.
In situations like this, you never really know what’s coming next - usually it’s either a zigzag or a full 5-wave move.
And the paradox is, you typically only understand what’s actually happening around wave 3.
Yesterday, the market formed a clearly disproportionate zigzag, trying to fake traders out. And honestly, it worked - wave 3 was noticeably larger than wave 1. I even regretted closing the position at the time…
Turns out, for nothing)
Last day of the week - and we go again 🙂
Current long position on #LINK
A classic situation: I noticed a five-wave movement, saw a breakout, and opened a position. I didn't immediately open a full position - the right decision, as I added to the remaining balance at a lower price.
Then, as expected, a confident rise followed, which almost immediately triggered a full correction scenario. I hesitated at the first high, but on the second push, I closed half of my position and locked in my profit.
A correction is good, but true success depends on a complete reversal. Therefore, I continue to closely monitor the coin and trade based on this idea.
A clear five-wave downward movement is currently forming on the 5-minute chart. As soon as it completes, I plan to open a position for the amount I closed.
Of course, only after a breakout of the formed trendline on the 5-minute chart. I might even drop to the 1-minute chart - this usually helps find a clearer entry point.