Odds favor the long side on BTC

10 lis 2024

You can clearly see that there was a volume spike that absorbed the selling of the weak hands, now you see that the volume returns to the direction of the trend up, so people are not willing to sell Bitcoin at a lower price, so the puppet master has to increase his bidding price so he can get filled after Trump WON the election.

Add to it that the price was consolidating for half a year and holding its value near the top.

10 lis 2024

Uwaga

This is actually a very useful pattern, some will call it the "spring" if you are a Wyckoff follower.

The volume on the downside can be misleading and be thought as a selling, but it is actually a fear technique to induce selling so the puppet master can buy and get liquidity from all the weak hands.

This is why as Livermore said better to wait for the market to show you, you are right, and then ride on the right wave direction.

Also, Livermore mentions that stock trading is done by having a hypostasis, seeing that the market confirms or invalidates the hypostasis, then trade accordingly.

You would expect the RED marking I did to manifest... for it to be short...
since it did not manifest, it means that the hypothesis of short is wrong, so the hypothesis of long is more probable.

10 lis 2024

Uwaga

This is a continuation of my post of BTC taking elevator up:

22 gru 2024

Transakcja zamknięta: osiągnięto wyznaczony cel

BTCUSD, bitcoin hit the 100k mark, It was a very nice easy move to hold on to.

22 gru 2024

Uwaga

This is a NOTE FOR EVERYONE WHO SEES IT, the pattern I showed previously, is repeating and it is a very strong indicator of the LONG side, it should not be neglected.

Also, the thinking type I have shown you here, is how to realize that according to stock market logic, it favors the LONG side.

NOTE TO SELF: this pattern is important I need to make educational post about it. Hope I will get the time. so busy this days.