$GIGGLE I just secured a 7% profit (check 1st screenshot) from GIGGLE in less than 24hours. So, how did I make it?
If you're actively following me, you've seen red boxes in many of my charts. On 26th December, GIGGLE pumped 26% in 12hours which created a red box. I saw that pump, marked the level (check 2nd screenshot) for entry, put alerts on that level and waited for the price to come at that zone.
It took 19 days to come to that zone. Finally yesterday, GIGGLE crashed hard and came back to that zone. I saw the alert and immediately bought some GIGGLE in that zone. My tp was the nearby liquidity cluster (check 3rd screenshot) which was around $66. I put some alerts around that zone.
Yesterday, CZ tweeted about GIGGLE and it immediately pumped 7%. Again, I saw my alert and booked 50% profit as well as made my trade risk free.
Lesson from this trade is that, always wait for the price to come to your zone. Like, I waited 19 days for GIGGLE to come to my zone & it eventually came just to give me a juicy scalp trade.
$ETH I gave you $3280 as a reversal zone for ETH & it’s been dumping exactly from that zone. Now, on 4H timeframe, it’s currently on strong support which is 4H 100MA & 4H 200MA as well as 1D 50MA. Therefore, we can expect some short term pullback before going down again.
Also, if you look at the liquidation heatmap, you can see that there's around $226M short liquidations lying at $3191 zone which perfectly aligns with my red box. Market makers surely will be eyeing that zone.
In my previous market update post, I showed you the reversal zones for both USDT.D & TOTAL3. That data also supports the ETH chart. So, get ready to build some scalp positions. All the best.
$ZEC I've warned you guys about this correction of ZEC when majority of influencers were calling a rally of ZEC at the top. Now it has come to an important zone from where I'm expecting a big rally to the upside.
You can risk some money here. Looks like, privacy trend is incoming. Full target of this pattern is $700
However, daily closing below $340 will be the invalidation of this pattern.
Did you listen to my warning yesterday? I've clearly warned you that there's lots of liquidity downside. I gave you the exact top for ETH. Since then, market has been dumping like there's no tomorrow. In the past 24 hours, $460M liquidations occurred (check 1st screenshot) where the majority was on the long side. Now what's next?
USDT.D: As you can see in the 2nd screenshot, there's lots of liquidity boxes on the both sides. But market doesn’t take all the liquidities from one side altogether. Market takes some liquidity from one side, then goes to the opposite side & it goes on and on and on. On the daily timeframe, USDT.D is forming a falling wedge. Using fibonacci, we can see that a pullback is expected for USDT.D which should bring some relief to the market.
TOTAL3: I was talking about the trendline retest on TOTAL3. Here goes the retest. Using fibonacci, we see that it's on the strong support box. So, we can expect rally for the alts from here. However, breakdown of the yellow box (check 3rd screenshot) will bring heavy selloff on alts. Be aware of that.
All in all, I'm expecting some pump here & there on alts. I'll pick some alts for scalp. But I'll be very careful about the yellow box since losing it will be very bearish. All the best to you all.
$ETH Hello, everyone. How are you all? Hope you are doing well.
Well, market is rebounding. It’s a good news for the bulls. But will it be sustainable? I've told you guys many times that I was waiting for ETH to hit my red box (check 2nd screenshot) which was around $2.8k but market makers have another plan. They hit the upper red box first.
If you've caught the move then congratulations. It wasn't that I was sidelined. I was continuously doing scalp trading and made some profits also (check 1st screenshot). Currently, ETH is facing 100DMA as a resistance. So, I'm expecting a pullback here. I'm still waiting for my red box to be hit for heavy entry. Let's see if I get that or not.
TOTAL3 is also facing strong Fibonacci resistance as well as 100DMA. It just broke out the trendline (check 3rd screenshot) and currently doing a retest. Successful retest will create some fake pump (aka bull trap) to trap late longers and then dump the market. Let's see what happens.
$TAG Another trade lesson for you guys. Today I sold TAG with 12% profit. A good scalp trade to study. Let's get started.
First, on the daily timeframe, I saw that TAG is trading inside a range (check first screenshot). So, I made a red box around it. At that time, the price was in the middle of the range which is a no trade zone. So, I waited for a clear direction.
On the 4H timeframe, I saw that TAG has rejected from the no trade zone (check second screenshot) making a higher high. So, I used the Fibonacci tool to check my entry. You guys know that for entry, I use Yellow & White box. In the screenshot, you can see that I used white box for entry. A question may arise why I didn’t use yellow box for entry? Well, because I checked Coinglass liquidation data also. Coinglass showed me that there's huge long liquidations inside the white box. So, I put a buy order on that box & waited till the price came there.
As you all know that white box is a box where price consolidates for sometime. So, price came to that box, consolidated for about 2.5days and today it went to the moon. You won't get a chance to buy, so buy coins inside the accumulation zone & wait for a breakout.
How did I manage to gain 12% profit from Chainbase trade? Let's learn.
Just like my previous post, I saw that on daily timeframe, C has been making a series of lower lows and lower highs. So, first I drew the resistance trendline (check 2nd screenshot).
Now I need to draw the support. So, I connected three touching points to make the support trendline. Thus, a falling wedge pattern was formed where a three dive was finished. So, going to the upside was inevitable. But for surety, I waited for the breakout which was a safe trade.
After the breakout was done, I checked the lower timeframe for entry. On 4H timeframe, I used the Fibonacci tool to draw the yellow box (check 3rd screenshot) which was also the retest point of the trendline. Therefore, I waited for the price to come to my box. When it came, my buy order got hit and then, today my expected pump happened.
When I saw my alert ringing, I immediately sold all my C coins and as you can see on 1st screenshot, price immediately got dumped. I was lucky to sell at the top 👻
How I took the HEMI scalp trade! Let's break it down.
First, I saw that on the 4H timeframe, HEMI is bouncing off the trendline support making a series of higher highs and higher lows. Also, it's getting rejected from the trendline resistance making a series of lower lows and lower highs. Thus, it’s creating a symmetric triangle. So, I drew the resistance and support and waited for a breakout or a breakdown.
Eventually, it’s decided to breakout. So, after a retest of the trendline, I took the trade and it followed with a pump resulting in around 10% profit. Scalps are for quick in and quick out. So, I exited fully with 10% profit. I will again enter if I see good setup with good RR.
I will post some educational contents like this from time to time so that you can learn and be an independent trader. Be with us.
$ETH I'm still waiting for ETH to reach my box. It's been 7 days since I took any major trades. Just some small scalping here & there. It's an exam of patience. Meanwhile, future high levaraged traders are being washed out everyday. Please, don't be any of them. I'm trying my best to save you guys.
Tell these degen long traders to stop opening long positions so that the market can go up 😂 Every time the market pumps a little, they open high levaraged long positions and then market comes back lower to hunt them. Over $200M high levaraged liquidations on ETH are waiting on $2886 price level. That's why, I'm so confident that ETH is coming to my level. Just waiting patiently to buy.
Hello, guys. How are you all? I've warned you that a dump is coming on Monday & market followed it exactly. Now what's coming next? Let's discuss.
$ETH : I was expecting ETH to dump from 4H 200MA but it didn’t. It pumped till 4H 100MA, gave a wick above it (check 1st screenshot) and then it dumped to 4H 50MA. Now, this 4H 100MA has been tested 8th times so far as a support & the more a support is being tested, the weaker it becomes. I think it'll eventually be broken today & it's going to fill that red box quickly. That'll be a very good area for entry.
TOTAL3 : It's following exactly as I showed so far. Currently got rejected from Fibonacci strong resistance zone (check 2nd screenshot) & the trendline I showed you guys in my previous post. I'm still very bearish on alts. TOTAL3 is going below $760B marketcap or even more.
USDT.D : Range high taken (check 3rd screenshot) and then went for range low, as expected. But it hasn't taken the range low yet, just got a good bounce from 4H 200MA. So, the path I've shown in my previous posts is still valid. 6.5% is a very good area to enter into some positions.
All in all, I'm expecting a dump today because of GDP data which should create a sell-off event. This will be a very good buying opportunity. I'll buy ETH if USDT.D hits 6.5% or more. Get ready with your stables. We may see a pump towards Christmas.
$BTC Weekend is running. Which is why, market has become so boring. But not for long. Volatility has made BTC appealing. Let's see what's coming next.
USDT.D : USDT.D has made a sharp decline on the 4H timeframe. This sharp move has created a liquidity box above (Red box on 1st screenshot). Liquidity boxes work as magnets. They drag the price towards them. Fibonacci resistance is also there in the box (Green box on 1st screenshot). So, I think it's going to make some retracement before going down towards range low.
BTC : There's liquidations on both sides since BTC is ranging. Currently, the small pump on BTC is taking out the short liquidations. So, a dump is incoming later today.
ETH : Same as BTC. Liquidations on both sides. I'll be interested to buy ETH on the red box I've shown in my other posts.
All in all, I'm waiting patiently for a dump to enter into some scalp positions. Tomorrow is monday & for some weeks, monday has seen a good dump. So, wait for tomorrow's market open before taking any decisions.
As I told you guys in my early post, I wanted TOTAL3, the representative of alts, to retest the broken trendline. Now, as you can see, it's being retested. But this is not bullish.
Currently, TOTAL3 is inside the strong Fibonacci resistance zone. There's a high chance that it's going to get rejected from here which will send it to much much lower level. If it breaks the red box upside, then next will be green box. I'll be bullish above that green box. Till then, I'll do scalps on ETH.
I've attached my portfolio allocation here. As you can see, I'm 84% in USDT & the rest is in ETH. I won't touch any other alts till TOTAL3 find its bottom.
$ETH Market is pumping as expected. My scalps are in good profit. I just sold everything & currently I'm around 80% in USDT. I'm expecting a pullback to enter again in some scalp positions.
Remember, market does not go in a straight line. There will be pullbacks while going up. I'm using those pullbacks as scalping opportunities.
There's some liquidity boxes on ETH in 4H timeframe. I'm expecting ETH to get rejected from 4H 200MA to take out the lower liquidity box only to bounce back and pump towards the upper liquidity box. This is a very appealing trading opportunity. Don't miss out. Till then, peace out.
Yesterday, I told you that USDT.D has taken the range high on the 4H timeframe. If it gets accepted inside the range, then we will go for range low.
This is happening so far. Range high taken & then it got rejected from the white line, which a very strong resistance trendline on 1W timeframe. 1W is stronger than 4H. So, it was inevitable that we're going for range low. I bought some ETH yesterday after the range high had been taken. I've booked some profit & now riding the wave till range low.
Bank Of Japan (BOJ) has increased the interest rate which is currently the highest in 30 years. This is a very bearish news. Past two times BOJ hiked, there was a selloff. So, I'm expecting a selloff coming when USA stocks open. Before that, range low will be taken on USDT.D
Hello, guys. How are you all? This is your Cap1ain speaking. It’s time for market update.
BTC.D : BTC dominance is showing a bullish momentum from my white box (check 1st screenshot). I was expecting a pullback from the red box but it has pierced through the box today. So, next stop will be the green box where is 1D 200MA which is a strong resistance. A consolidation inside the green box or a rejection from 1D 200MA will send it again to the white box.
TOTAL3 : I was expecting a rally on alts till the red box (check 2nd screenshot). But market makers didn’t allow it. It is what it is. As you can see in the 4th screenshot, I've told you all to sell your alts on 14th December. It has invalidated the white box & broken down the trendline. Any pump on alts should be a selling opportunity. I AM EXTREMELY BEARISH ON ALTS.
USDT.D : We've got a range here. If it takes the range high & closes below it, then I'll enter into some scalp positions. Otherwise, I'm not interested on buying any alts here.
All im all, market is not looking good here. Alts are going so much down. Today is coming CPI data which should increase the selling pressure. Tomorrow is triple witching day which also will bring volatility. Personally, I've sold all my alts except ETH. I'll buy more ETH & some SOL for scalping opportunity.