$BTC

SQUIGGLY LINE MASTER

Alright on this M15 demand let’s see if we can get weekly open next.


https://www.tradingview.com/x/aR3YQ1bK/

Not looking to long yet.
Looks like we are going to deviate for a bit. Will look for a setup on a close back in.

Short term target would probably be H12 supply.

Not catching this knife for now.

https://www.tradingview.com/x/Jx6XfVPp/

🎓 #TradeUpdate 🎓
🎓 #RVN / BTC - View Chart

🔸Status: 🎯 Third target reached for +43.5%.
The long paid off big time on RVN! We are seeing some major buying, all triggered by the Binance margin trading news. We did not know about that before we called long on this trade.

Raven coin is likely to continue running from here on out. Not long ago we were trading RVN at around 600-700sats no problem. For now, we will lock our profits and seek other opportunities, but keep a close eye on Raven none the less.

🔸Current Price: 448sats
🔼Entry: 311sats
🎯 Targets: 334sats, 368sats, 449sats

$BTC / $USD Analysis

Things don't look so good.

Position: Short
Exchange: BitMex
Coin: XBT/USD
Entry at 7290 - 7330
Sell at 7230 - 7160 - 7090 - 7020
Remember to open SHORT position!
Use 5X or cross leverage (5 - 7% balance)
Stop Loss : Above 7466

🎓Market Update🎓

It has been a wild day in the markets. It is nescisary to reassess our trading approach after today's events.

Towards the end of the day the volume on Matic stands at about 30k BTC. It has tilted the market substantially.

A good place to start is dominance chart. It's the best way to get an idea about the market wide response to an event.

With that said however. The amount of data compressed into that simple line chart is so huge that it seems silly to think any one event could have any effect at all!

https://www.tradingview.com/x/wNLGTxaU/

🎓 Bitcoin Dominance over Altcoins 🎓

Alright, let's take a closer look. The chart here shows us about 6 months worth of time. Bitcoin made its yearly right around July. Dominance peaked, and it's been trapped in a wedge until a few days ago. The dominance rating broke through the upper line and it appears to be making fresh support.

There are a few ways to interpret a chart like this. The one thing that can be gleaned is that Bitcoin should be out performing the Alts over the next week or two.

Now here is the catch, even if that does happen, this is no guarantee that bitcoin will be doing well at all! Bitcoin can be falling in price while the dominance rises if the Alt markets are bleeding faster.

https://www.tradingview.com/x/VeDQWPI2/

🎓 Bitcoin in Perspective🎓

Here is a chart of Bitcoin to match the context of these two Dominance charts. Notice how the two peaks are not in sync. Dominance peaked early September after Bitcoin had been falling channel bound for months already. I really had no idea that this channel I drew so many months ago would still be in play.

The prices is experiencing some heavy resistance on the channel center line, and it seems like it will explore the lower dark band at the very least. I will not turn overly bearish until we see a break bellow the 7k threshold will send us to 5.6-6k.

https://www.tradingview.com/x/zW9IHG4g/

Oh boy, the days are here, nailing the profits.
Target two hit Captain.

Absolutely Mashed Baby!

$BTC

Figured I’d leave some education content with slow PA.

Mitigation block.

Low taken with price unable to make a higher high and keeping Market structure intact.

Would have been a breaker if price shifted MS.

Mitigation blocks usually means “larger players” are exiting their positions at a loss.

Mitigating the loses.

https://www.tradingview.com/x/6uZxbilS/

$BTC

Here is what a breaker is.

Liquidity taken, shift in market structure and ultimately failing to hold price up on a retest.

Side to side comparisons.

https://www.tradingview.com/x/ivrlVpi7/

$BTC

Lastly orderblocks with side comparison to the rest.

People usually confuse and think it’s any down move before a break in MS.

You need some sort of liquidty engineered prior to the move itself.


https://www.tradingview.com/x/eDo074LH/

$BTC

Orderblocks

X is wrong
Check mark is right.

Engineered liquidity- break in MS and a solid retest.

They aren’t always fancy looking but it’s a matter of training the eye after a while.

https://www.tradingview.com/x/b5fBemEx/

$BTC

Trying to simplify ranges.

MS breaks and you have a swing low and high that forms that dictate the market.

You pay attention to which way the market goes when it ping pongs.

If one side gets swept then you look for opposing PA to shift the other way.

Personally I wait for deviation.
Wait for price to break outside “false breakout” before reclaiming and moving on.


https://www.tradingview.com/x/4s4mCGWZ/

$BTC

Now this is the exact same PA as above but with OBs.

Low swept, shift in MS and price comes back.

When you mix your ranges with demand/supply levels it becomes a bit easier to dictate direction.


https://www.tradingview.com/x/b6bum3LW/

The current cue ball situation.

Until the buyer arrives, one should not expect growth. This we will see in high volumes and most likely large wicks (shadows) near the candles down on large TFs (4h, 1d).

And now, a further decrease is relevant, I have canceled the nearest potential reversal zones on the chart, but I will look at the situation and let you know when I turn my attention to the long. At the moment, that short from 7500, which is already in the BU, is relevant.

PS 7300 retest is possible and further decline. We have also broken a local trend line, this is not very good news.

https://www.tradingview.com/x/pWMi3rz3/