ok traders so I’d slowly been spoon out gems on Bitcoin but not for trading this market
But correcting the miseducation that we are taught. Now I’ll link those post plz do yourself justice cans read them as I gave you the best average to use on your chart and then I broke down how to find support and resistance and what they really are and as always giving you the why behind trading as this is important to become the best trader you can be. You have to be willing to apply logic and question normality.
As my goal is never to give trading direction but to enlighten
Now here I’ll teach you how to recognize market weakness. Now there are several ways actually many but what I’d learnt to be the most potent in the most proactive is what I’ll share. Again plz read those post as it will carry over here
Now when I look at Bitcoin
I see weakness in the trend
And one many say what up your crazy btcusd is heading to the moon
And guess what that’s just it. Why ones weakness can be there most prideful joy. Now I’m speaking from a market psychology perceptive now as it and price and time action rules the market,
But anyway from this perception. Tbh there is a lot of buying in BTCUSD and there just a lot of liquidity below. As my hunt instant is clicking here it would be the perfect move. Now how far is a different view but realistically it’s still safe as a trader to only look for buy position as the market well heavily buy back up. Yet to understand this can make one ready for the alternative
Now what do price action say about this
Well let’s look at this weekly chart here
First let understand we have high volume for two week in an uptrend and what been proven is volume placement and distribution in a market that depicts its further direction.
So high volume and an uptrend is a signs of trend weakness and likewise and a downtrend
Now
Let’s look at these two candies here
As we can see a move up and a deep pullback that’s more that 60%of the impulse now this is a big big move. And then the move was brought back up in the next candle and now the market is at a pause.
This action made a hammer on the lower timeframe with a long wick which isn’t good for a trend bullish trend that isn’t reversing from bearish.
Now I’ll would like to see the market take that liquidity area out.
This would be a strong bullish signs as there is unfinished business below. As it’s hard to phantom a trend continuing with that type of candle not being touched doing so show strength in the trend by knocking out this area. Cus let say months or years from now looking back at this area it wouldn’t make any sense that it was left. It’s like building a house on a weak foundation. And tbh it’s just the right time to take it out before the market gets to ahead of it self.
So these are signs of weakness
Do this mean go n sell no without other education but this mean that you need to understand the market sentiment is not what you think and what the 99% think.
Now I won’t trade BTCUSD as I’m a position trade and I need to see this move to confirm the things I’d mentioned as well as others.
So I’m watching,
Now I’ll tell you what I’m watching for also
And this how price behaves to the 4hr average(plz read that post)
As this will give me deeper insight and what their goals are.
As this average give you the best price over volume
I’m looking to see if there’s buying or selling around it and who is doing the most
Now what I mean by this
Again this isn’t your typical average so for price to break it it requires high volume always! Unlike other averages. So I use volume candles for easy of visual.
I want to see who is placing more orders around the average
I’m looking for how price interact with it
Is price ranging around it or is price supportive or resistance to it
Is price bounce up n down through it as this is a sign of weakness as well
HOW TO TRADE LIKE THEM-
But correcting the miseducation that we are taught. Now I’ll link those post plz do yourself justice cans read them as I gave you the best average to use on your chart and then I broke down how to find support and resistance and what they really are and as always giving you the why behind trading as this is important to become the best trader you can be. You have to be willing to apply logic and question normality.
As my goal is never to give trading direction but to enlighten
Now here I’ll teach you how to recognize market weakness. Now there are several ways actually many but what I’d learnt to be the most potent in the most proactive is what I’ll share. Again plz read those post as it will carry over here
Now when I look at Bitcoin
I see weakness in the trend
And one many say what up your crazy btcusd is heading to the moon
And guess what that’s just it. Why ones weakness can be there most prideful joy. Now I’m speaking from a market psychology perceptive now as it and price and time action rules the market,
But anyway from this perception. Tbh there is a lot of buying in BTCUSD and there just a lot of liquidity below. As my hunt instant is clicking here it would be the perfect move. Now how far is a different view but realistically it’s still safe as a trader to only look for buy position as the market well heavily buy back up. Yet to understand this can make one ready for the alternative
Now what do price action say about this
Well let’s look at this weekly chart here
First let understand we have high volume for two week in an uptrend and what been proven is volume placement and distribution in a market that depicts its further direction.
So high volume and an uptrend is a signs of trend weakness and likewise and a downtrend
Now
Let’s look at these two candies here
As we can see a move up and a deep pullback that’s more that 60%of the impulse now this is a big big move. And then the move was brought back up in the next candle and now the market is at a pause.
This action made a hammer on the lower timeframe with a long wick which isn’t good for a trend bullish trend that isn’t reversing from bearish.
Now I’ll would like to see the market take that liquidity area out.
This would be a strong bullish signs as there is unfinished business below. As it’s hard to phantom a trend continuing with that type of candle not being touched doing so show strength in the trend by knocking out this area. Cus let say months or years from now looking back at this area it wouldn’t make any sense that it was left. It’s like building a house on a weak foundation. And tbh it’s just the right time to take it out before the market gets to ahead of it self.
So these are signs of weakness
Do this mean go n sell no without other education but this mean that you need to understand the market sentiment is not what you think and what the 99% think.
Now I won’t trade BTCUSD as I’m a position trade and I need to see this move to confirm the things I’d mentioned as well as others.
So I’m watching,
Now I’ll tell you what I’m watching for also
And this how price behaves to the 4hr average(plz read that post)
As this will give me deeper insight and what their goals are.
As this average give you the best price over volume
I’m looking to see if there’s buying or selling around it and who is doing the most
Now what I mean by this
Again this isn’t your typical average so for price to break it it requires high volume always! Unlike other averages. So I use volume candles for easy of visual.
I want to see who is placing more orders around the average
I’m looking for how price interact with it
Is price ranging around it or is price supportive or resistance to it
Is price bounce up n down through it as this is a sign of weakness as well
HOW TO TRADE LIKE THEM-
