Forwarded from Deviles Secret Book | chat
Deviles Secret Book | chat
The βlast eighthβ rule teaches: donβt try to capture the final 10-12 % of a moveβlong or short. βTrying to catch the last eighth is the costliest mistake a trader can make,β wrote Jesse Livermore. In the final stretch of a trend, a burst of volume, news, andβ¦
Now that after weβve entered the 96β100k zone, itβs time to be cautious and closely monitor how things unfold β donβt give in to FOMO or take on unnecessary risk.
We already caught a great move from 75k, where many started shorting and got caught in a short squeeze.
That main impulse wave is now over, and weβre seeing a local, expected correction.
Trading during corrections is the hardest, and those trying to chase the βtailβ up to 98β102k right now will likely take losses over time.
That doesnβt mean the market is reversing and heading to 50k β but right now, itβs a 50/50 situation.
There are no clear signs of a new ATH, but also no clear signs of a breakdown either.
So the best approach is to wait for clear signals:
βͺοΈ For the bulls: a breakout and hold above 96,120β96,465
βͺοΈ For the bears: a breakdown and close below 88,765β93,265
Until then, itβs scalp-only mode with reduced risk.
We already caught a great move from 75k, where many started shorting and got caught in a short squeeze.
That main impulse wave is now over, and weβre seeing a local, expected correction.
Trading during corrections is the hardest, and those trying to chase the βtailβ up to 98β102k right now will likely take losses over time.
That doesnβt mean the market is reversing and heading to 50k β but right now, itβs a 50/50 situation.
There are no clear signs of a new ATH, but also no clear signs of a breakdown either.
So the best approach is to wait for clear signals:
βͺοΈ For the bulls: a breakout and hold above 96,120β96,465
βͺοΈ For the bears: a breakdown and close below 88,765β93,265
Until then, itβs scalp-only mode with reduced risk.
π₯6π1
Forwarded from Deviles Secret Book | chat
Overall, Iβm expecting we might see a sideways range for about a week between 88β95k,
which would give us a chance to build a new swing position β
and then potentially break out toward 108k+.
Thatβs why Iβm not rushing in right now.
As for trading at the moment β itβs mostly just microcaps,
and honestly, aside from their ticker names, I donβt even know what most of them are doing in this market... π
which would give us a chance to build a new swing position β
and then potentially break out toward 108k+.
Thatβs why Iβm not rushing in right now.
As for trading at the moment β itβs mostly just microcaps,
and honestly, aside from their ticker names, I donβt even know what most of them are doing in this market... π
π6π₯4β€1π1π³1β1
By the way, if you havenβt read it yet β probably one of the best books, among the countless books written about the marketβ¦ this one truly stands out. thatβs genuinely useful for any trader (or really anyone involved with the markets in any way) is "Reminiscences of a Stock Operator."
π₯6π2β2π1π³1π1π€1
Forwarded from Deviles Secret Book | chat
If youβve entered #SHELL, you can split the position into three take-profit levelsβ0.022, 0.026, and 0.033βand move your stop to break-even to protect against a false breakout.
π₯5π2π1
Forwarded from Deviles Secret Book | chat
The gap above at 97K has been filled.
The one below is still openβwould be a real gift if we dipped there first...
If youβve long positions, keep in mind todayβs FOMCβso caution is key.
Iβm ready to re-enter with limit orders around the 93,500β92,500 zone.
The one below is still openβwould be a real gift if we dipped there first...
If youβve long positions, keep in mind todayβs FOMCβso caution is key.
Iβm ready to re-enter with limit orders around the 93,500β92,500 zone.
π₯5π1π1π³1
Forwarded from Deviles Secret Book | chat
"βͺοΈ For the bulls: a breakout and hold above 96,120β96,465 "
Keep an eye on this supportβif we start closing below it, we can consider a local short.
Keep an eye on this supportβif we start closing below it, we can consider a local short.
π7π₯4π1π³1β1
Forwarded from Deviles Secret Book | chat
Whatβs concerning right now is that Bitcoin pumped, but alts barely moved.
Itβs possible that the move up was triggered by rising tensions between India and Pakistan.
People often start shorting in these moments, not realizing it usually plays out the opposite way.
India is a major crypto country, and in case of conflict, a lot of capital may shift into BTCβespecially for shadow operations, arms trade, etc.
If you think about it that way, then it would make sense to see alts correct along with BTC during a pullback, landing in those blocks @ Martins mentioned earlier in the trading chat.
W8 Fomc β
That would bring more clarity.
Itβs possible that the move up was triggered by rising tensions between India and Pakistan.
People often start shorting in these moments, not realizing it usually plays out the opposite way.
India is a major crypto country, and in case of conflict, a lot of capital may shift into BTCβespecially for shadow operations, arms trade, etc.
If you think about it that way, then it would make sense to see alts correct along with BTC during a pullback, landing in those blocks @ Martins mentioned earlier in the trading chat.
That would bring more clarity.
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π₯5π2π1
Forwarded from Deviles Secret Book | chat
Deviles Secret Book | chat
my bet on green π
looks good retest 96k βοΈ #btc
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π7π₯4π2
Forwarded from Deviles Secret Book | chat
Deviles Secret Book | chat
looks good retest 96k βοΈ #btc
π₯7π2β2π1π³1π1
Forwarded from Deviles | Secret Book
Guys, Iβll be completely offline for 4 days β all servers will be shut down, total offline mode.
Donβt worry, Iβm not gone for good.
Iβll drop some thoughts now to give you something to work with for the rest of the week.
If anything comes up, just tag Martin in the chat β heβll help out if needed.
Donβt worry, Iβm not gone for good.
Iβll drop some thoughts now to give you something to work with for the rest of the week.
If anything comes up, just tag Martin in the chat β heβll help out if needed.
π₯6π3β3
Forwarded from Deviles Secret Book | chat
At the moment, weβve moved back above the 96K level and confirmed it with a daily candle close β thatβs bullish.
Ideally, we want to see a weekly close above this level too. If that happens, we could likely continue trading long through the end of May (which is also supported by AI projections).
The next key date is this Saturday β the U.S.-China deal discussions.
Thereβs info suggesting it might not go smoothly, which could send us down to fill the gap in the 92K zone.
Unfortunately, it just so happens Iβll be spending the next four days with family, so I wonβt be able to fully focus on the market β even though Iβd love to.
π³ Looking at large player positioning, things get pretty interesting and require caution:
π’ Bitcoin whales are locking in profits around 97Kβ100K
π’ There are almost no buy orders above 95K
π’ On Binance Futures and Spot, major buy orders are sitting at 92β93K β over 3%-4% below the current price
On Coinbase, itβs even at 75K, which is honestly my biggest concern
(maybe they know something about the Saturday talks and are cashing out in the 97β100K zone?)
Still, AI suggests the short-term bias remains to the upside.
So the plan remains:
As long as weβre above 96K on higher timeframes (4Hβ1Dβ1W), we stay looking for longs with stop-losses
If we drop below, we look for local shorts targeting the 89β92K zone.
Ideally, we want to see a weekly close above this level too. If that happens, we could likely continue trading long through the end of May (which is also supported by AI projections).
The next key date is this Saturday β the U.S.-China deal discussions.
Thereβs info suggesting it might not go smoothly, which could send us down to fill the gap in the 92K zone.
Unfortunately, it just so happens Iβll be spending the next four days with family, so I wonβt be able to fully focus on the market β even though Iβd love to.
π³ Looking at large player positioning, things get pretty interesting and require caution:
On Coinbase, itβs even at 75K, which is honestly my biggest concern
(maybe they know something about the Saturday talks and are cashing out in the 97β100K zone?)
Still, AI suggests the short-term bias remains to the upside.
So the plan remains:
As long as weβre above 96K on higher timeframes (4Hβ1Dβ1W), we stay looking for longs with stop-losses
If we drop below, we look for local shorts targeting the 89β92K zone.
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π₯4π2π1π1π1β1
Forwarded from Deviles Secret Book | chat
I've also completed a full testing cycle of one of the swing algorithms for altcoins,
and over the past six months, itβs shown great performance in current market conditions.
Some of you β mainly those in the closed group β will get a chance to try it out.
The main challenge right now is market liquidity.
You canβt take overly large positions, or the algorithm's effectiveness drops due to counteraction from market maker algos.
and over the past six months, itβs shown great performance in current market conditions.
Some of you β mainly those in the closed group β will get a chance to try it out.
The main challenge right now is market liquidity.
You canβt take overly large positions, or the algorithm's effectiveness drops due to counteraction from market maker algos.
π₯8π4π³1
The level of trades in our private group β and unlike the well-known influencers with their $300β$500 VIPs, here everything is simpler, more profitable, and without account liquidations :)
For all inquiries. @deviles_TKT
For all inquiries. @deviles_TKT
π₯6π3π€2π1β1
Forwarded from Deviles Secret Book | chat
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π₯7π2π1π³1π€1
Forwarded from Deviles Secret Book | chat
Deviles Secret Book | chat
#shib #1w A very clean and clear setup β the kind that shows up roughly once a year. βοΈ Liquid asset βοΈ Clear stop: daily candle close below 0.115 βοΈ Potential upside: 100%+ βοΈ Target timeframe: May 25 β June 30 High-quality trade opportunity β donβtβ¦
GM! I am back! π«Ά
π₯6π1π1β1
Forwarded from Deviles | Secret Book
107800-110ΠΊ
Overall, Iβm not expecting price to go much higher than that range in the near term.
Locally, Iβll be trying a low-risk short from that zone, using just 0.5β2% of the depoβ
the recent profits have been great, so itβs worth taking the shot.
Only had one stop lately last 1.5 month, and even that was a cheap local short. So all good.
Overall, Iβm not expecting price to go much higher than that range in the near term.
Locally, Iβll be trying a low-risk short from that zone, using just 0.5β2% of the depoβ
the recent profits have been great, so itβs worth taking the shot.
Only had one stop lately last 1.5 month, and even that was a cheap local short. So all good.
π₯4π2β2