CryptoBully

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Common price patterns that you see every other person throw around but without any explanation to what they are and why they work.
Below are a few examples:
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Trapped Traders are fuel for trending moves. How to take advantage of it?
Some of the best RR setup you can find is by having answer to this simple question. What side is being aggressive at likely a tail end of a move. As this is your counter party.
Good chunk of market participants in crypto trade without an invalidation and their stop loss is their liquidation. So market tends to hunt these liquidity price points and you can take advantage by simply staying aware of these patterns as they develop in real time
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If we lose $64k then will likely cut HYPE and NEAR positions
Market should not retrace the peace deal news lows if we have a leg to 68k still coming
HYPE0.34%
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Life is interesting
Miracles happen in random insignificant moments just as life was becoming dull and hopeless
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$HYPE moving as per plan and back to ATH
Your only chance of getting another good entry is a dip into the EMAs
Alternatively, if we break above with volume, I'd look to hold my long into price discovery
TLDR: Hold if you longed with me, buy dips till it stops working
HYPE0.34%
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When obvious levels that everyone is eager to see price trade into, "fail to hold" it invites late shorts aka "trapped traders/bottom shorters".
We saw price on LTF rejecting the 60k level but eventually got the close above. Not to mention 1-2B liquidations in crypto as of late is a good indicator for a relief given the price context
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Months of chop into a fake breakout after cycle lows back to the range lows was crazy on $BTC
Think this was news is one taking a risk on. Bought back near $64k, stop below news lows
Also closing oil short slowly now. If Iran confirms, this could easily squeeze back to 80k
BTC-2.54%
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One man's liquidation is another man's treasure. One of the best indicators that still has a use case today is liquidations.
For scalping, $100M–$300M often provides good intra day reversal setups.
$500M–$1B+ most of the time shows exhaustion of the particular side pressing hard
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Classic dead cat bounce in a downtrending market.
In oversold conditions or after a very sharp downtrend, short sellers take profits which triggers a bounce. If there is no real buying we get this sort of a pattern instead of a V reversal.
TLDR: The bounce happens on weak volume while there's no sustained demand behind it, just short covering. We had Saylor bid 1550 BTC but aggressive Coinbase selling made this chart look very iffy.
BTC-2.54%
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bitcoin:native tapped $60k and despite it being a very crowded level, it held and we saw a lot of profit taking by shorts
There was panic built up regarding STRC going bust (not happening any time soon) and Saylor having to sell a lot more Bitcoin, but he bought lmao
Also the next level I'm looking at is $71-72k which correlates with the monthly open, which should result in a retrace level if we do trade into it, any break above, would result in price taking out the range highs. But ideally I short close to 70k now if we ever get it
BTC-2.56%
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Ask not what the market can do for you
Ask only, what you can do for the market
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Buying double digit dips on bitcoin:native while having dry powder to deploy at liq cascades has always worked out in the long run, we're close
I’ll be buying 50-55k with stink bids down till 45k on spot. Will ride that or die with the ship if that doesn’t work out
BTC-2.54%
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Rule No.1 In Crypto Now: Trade with the context or get destroyed:
So far we've seen this move lower, how rigid avg retail can be. This is the fractal from the ATH when price traded all the way down to $60k
Typically, trend changes on HTF (Daily/Weekly) take a lot of time to resolve and you just can't treat every "low" as a potential bottom
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M_traders:
bdhejejejsjsjsjeje the time and we can do it done before the election and I can understand 😞😞
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The reality is that most people hate you on CT and engagement goes down when you’re a bear and you’re right
But I’m just a trader. Will keep trading both directions, time to gtfo of longs was when we lost 72k on $BTC
Alts are now realising that the floor has been wiped
BTC-2.54%
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$BTC
So mindlessly longing after price showed exhaustion around $80k was indeed not the right move
Was right on 82k being a local top, tried a 72k retest long but failed after a brief bounce and cut it
Price is currently back inside the value area and these sort of rotations on crypto especially result in full retrace to the opposing end. Expecting $66-67k to provide a relief bounce at least
Invalidation in this case would be the loss of VAL
BTC-2.54%
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Now that we’ve had mass alt rotation games
I believe we can now have a small ETH rally especially against BTC. We should have at least a bounce in crypto with BTC testing former range highs at 72-74k zone already
Betting a bit on ETH. Will look into more. Primary spot bag still HYPE and BTC
ETH-4.94%
BTC-2.54%
HYPE0.34%
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$BTC had a failed auction below March Highs and multiple days of value now in the small 76-78k range
With many alts firing off and intense rotations if we can break above $78-79k again I'm assuming we go for the highs when certain alts like HYPE NEAR make new highs
If we roll over back below 74k lows then I'd be inclined to cut all alt longs we have running and sit out
BTC-2.54%
ALT-4.20%
HYPE0.34%
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Most people are longing coins that are ranging or stuck (like TAO) as a catch up trade
And then trying to fade coins that are uptrending with fresh catalysts and in ATH territory (like HYPE)
You are making your life difficult, don't trade mean reversion on HTFs
TAO-2.89%
HYPE0.34%
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GM to the optimists
Markets looking great across the board
Coinbase premium still taking a beating but with stocks and T bills pricing in a resolution, you never know
We hold spot, we scalp perps and we do not rush
COIN-4.61%
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