I propose a theory that news can be seen as orderblocks to propel price , news sets a new market direction , ...
Its just a theory that is under study 🏌♂
Its just a theory that is under study 🏌♂
👍1
The Algorithm trader 🏌
Take your time to weekend to go round all pairs that nfp affected , u would clearly see that two moves occurred, 1 the false move 2 the real move , The false move was meant to take out traders off in form liquidity (liquidity means highs and lows ) the…
Gu did same thing , price ran for liquidity during news , took out the previous Liquidity, took out sellers , used that point of take out to fetch in the bearish banks, and now the market direction changes
👍1
This theory about news is my personal discovery and it is rated at 80% success rate ...
🔥2👍1
The Algorithm trader 🏌
Liquidity could be in form of highs and lows .. and also , do always take note of imbalances during news ... 🏌♂
And also don't ignore imbalances, they are mode of rentries created by the algorithm for the banks in a particular market environment, so what happens during news is that algorithm creates a false move that reaches for imbalances where limits of the banks resides and and brings in the banks, and the real move starts the opposite way 🏌♂
The Algorithm trader 🏌
And also don't ignore imbalances, they are mode of rentries created by the algorithm for the banks in a particular market environment, so what happens during news is that algorithm creates a false move that reaches for imbalances where limits of the banks…
A good example 🏌♂
👍1
So whence news is realesed , do put to heart that there would "most of the time" be a false move that would reach for imbalance and liquidity before the real move , it doesn't happen all the time , but whence it does ...... boom !
👍1
The Algorithm trader 🏌
Currently running 350pips ❤️ posted before it happened 🏌♂
I believe this current run up in price should run to take out this previous high. Then after that high is taken ,
👍2
The Algorithm trader 🏌
I believe this current run up in price should run to take out this previous high. Then after that high is taken ,
I would then be looking at this level as a possible bullish rentry 🏌♂
👍2
The Algorithm trader 🏌
This week is really crucial... I tell u , if price maintains a close below the previous high , or possibly to a ncandle rule , we would then be in a bearish market environment, bitcoin will crash aggressively .... But ! If this same week candle closes well…
Seen the fall of bitcoin from the beginning, where everybody still believe in bullish bitcoin, , where everybody still thinks bitcoin is this , is that , gradually it is falling, still analyst, traders still believe bitcoin is bullish , I stand on a overall bearish bitcoin , we shall see 🏌♂
The only stumbling block I see is 44k , if that breaks , nothing would stop bitcoin from reaching 15k 🏌♂
The only stumbling block I see is 44k , if that breaks , nothing would stop bitcoin from reaching 15k 🏌♂
😱2👍1
The Algorithm trader 🏌
Seen the fall of bitcoin from the beginning, where everybody still believe in bullish bitcoin, , where everybody still thinks bitcoin is this , is that , gradually it is falling, still analyst, traders still believe bitcoin is bullish , I stand on a overall…
Bitcoin currently is aiming for this 42k level , this is the only level I see that could cause bullish reaction , judging by what happened at the origin of the ongoing sell , btc is already in a bearish environment, but this 42k level is an important level... and this where the current fall is aiming for 🏌♂
The Algorithm trader 🏌
I am bearish on bitcoin , 15k take profit 🏌♂
Just look at how price played inside my shaded before dropping 😅
🔥2
The Algorithm trader 🏌
If and only if price closes below the previous high, .. should we see a full body close above the previous high, btc aims for 500k on the long run .... should we see a full body close below the previous high, its a crash to 15k , 10k , 3k ... Give it days…
Everyone taught this buy on btc is the forever buy , not everyone saw a sell at the point , most traders argued with me on this when I made this analysis , no one agreed with my bearishness ,
Ohh well , bitcoin is falling just as I have anticipated,
Ohh well , bitcoin is falling just as I have anticipated,
👍4
The Algorithm trader 🏌
If and only if price closes below the previous high, .. should we see a full body close above the previous high, btc aims for 500k on the long run .... should we see a full body close below the previous high, its a crash to 15k , 10k , 3k ... Give it days…
And now , baby falling 🏌♂
Bitcoin must hit 42k first , before we can even consider bullishness 🏌♂
👍1
The Algorithm trader 🏌
The weekend is here again , time to revise , , time to check what we did wrong, time to correct our mistakes , time to learn new things, time to add more knowledge to our previous knowledge , Should u want to learn about this my algorithmic style of trade…
Previous recorded general class mentorship videos is available, time to get added knowledge 🏌♂