The Algorithm trader π
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 banksβ¦
A good example,
π2
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 !
π1
Do spend your weekend making some researches on this πββ
π1
The Algorithm trader π
Currently running 350pips β€οΈ posted before it happened πββ
I believe this current run up in price should run to take out this previous high. Then after that high is taken ,
π2
The Algorithm trader π
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 πββ
π2
The Algorithm trader π
Expecting to see btc drop into any of thisπββ
Did drop into level one πββ
π2
The Algorithm trader π
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 wellβ¦
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 πββ
The only stumbling block I see is 44k , if that breaks , nothing would stop bitcoin from reaching 15k πββ
The only stumbling block I see is 44k , if that breaks , nothing would stop bitcoin from reaching 15k πββ
π±2π1
The Algorithm trader π
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 overallβ¦
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 πββ
The Algorithm trader π
I am bearish on bitcoin , 15k take profit πββ
Just look at how price played inside my shaded before dropping π
π₯2
The Algorithm trader π
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 daysβ¦
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,
π4
The Algorithm trader π
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 daysβ¦
And now , baby falling πββ
Bitcoin must hit 42k first , before we can even consider bullishness πββ
π1
The Algorithm trader π
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 tradeβ¦
Previous recorded general class mentorship videos is available, time to get added knowledge πββ
The Algorithm trader π
Outlook βΉββ
Take profit one smashed , take profit two approaching. πββ
π₯2π1
The funny thing is folks argued alot with me on btc and eth being bullish at the time of its analysis, well , they see now πββ
π2
The Algorithm trader π
Possible outlook πββ
Validated if we see a shift of this structure , which looks very likely πββ