The Bitcoin Age of Enlightenment
Over the last couple of years, I have made a lot of posts public. These range from education through to logic for trade setups. I have gone into depth here on Tradingview to share the knowledge.
The one thing that really sticks out for me is the transition of Bitcoin here and now. Seeing this unfold on a new instrument is a first for me (not old enough to have witnessed the Gold move) How BTC is currently behaving and the whole institutionalisation process has well and truly began.
If you haven't seen many of my educational posts here are a few links;
Starting with Psychology; I really enjoyed writing this post and as many new traders will know all too well. There is an image in here that will hit home. (click the image to view the main post).
The post above has a lot to do with the overall sentiment in the market, sentiment is often the driving factor of major moves. Whilst you could assume technical analysis highlights key areas of say supply or support, Moving Averages or RSI indicators many retail traders love to use. These tools are only aiding the creation of that overall sentiment.
In this post below, I have covered every major Bitcoin move since being able to make my posts public. Each post you can click through and again all of the detail is sat there.
I have assessed the retail sentiment, using various techniques over the years and they all lead back to the same conclusion. Take a look at these;
Some of the calls in the post above have been derived from old techniques such as Dow Theory, Elliott Wave or Wyckoff. I have posted several educational posts here on these techniques.
Everyone is looking for an edge when it comes to trading, it's just sometimes the edge is right in front of your face. It's human nature to want to spot patterns, obtain something others don't have. Unfortunately, many start off on the wrong foot and stay down that path.
I've covered more detail as to the goings on such as Dark pools.
And side topics such as how to use Chat GPT to write pinescript indicators with zero experience:
It's experience, knowledge and more experience that has allowed me to pick out key stages in the markets over the last 20+ years. These levels are all pre programmed, it's a giant algorithm seeking liquidity.
Here's a call that nobody wanted; Using an Elliott bias to identify a Wyckoff structure. The top of the first major 64k Bitcoin had the writing on the wall.
This was as early as March...
Now skip forward, identifying the Top and the Drop zone in March. Maybe a lucky guess? Well, as I said - these things are 100% not random. Once we started to rise the August extension was showing why we would only just peak above old ATH's and come crashing back quickly...
I guess, my point is. This is becoming institutionalised, making it less sporadic.
Key levels are becoming more and more respectful, overall making it easier and easier to read.
I have talked a lot about these things above, had a great chat with Stefan at Tradingview on their own show; Watch that here. tradingview.com/streams/WDxxroSNgb/
Anyways, enjoy the rest of the week! See you on the next stream!!
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
The one thing that really sticks out for me is the transition of Bitcoin here and now. Seeing this unfold on a new instrument is a first for me (not old enough to have witnessed the Gold move) How BTC is currently behaving and the whole institutionalisation process has well and truly began.
If you haven't seen many of my educational posts here are a few links;
Starting with Psychology; I really enjoyed writing this post and as many new traders will know all too well. There is an image in here that will hit home. (click the image to view the main post).
The post above has a lot to do with the overall sentiment in the market, sentiment is often the driving factor of major moves. Whilst you could assume technical analysis highlights key areas of say supply or support, Moving Averages or RSI indicators many retail traders love to use. These tools are only aiding the creation of that overall sentiment.
In this post below, I have covered every major Bitcoin move since being able to make my posts public. Each post you can click through and again all of the detail is sat there.
I have assessed the retail sentiment, using various techniques over the years and they all lead back to the same conclusion. Take a look at these;
Some of the calls in the post above have been derived from old techniques such as Dow Theory, Elliott Wave or Wyckoff. I have posted several educational posts here on these techniques.
Everyone is looking for an edge when it comes to trading, it's just sometimes the edge is right in front of your face. It's human nature to want to spot patterns, obtain something others don't have. Unfortunately, many start off on the wrong foot and stay down that path.
I've covered more detail as to the goings on such as Dark pools.
And side topics such as how to use Chat GPT to write pinescript indicators with zero experience:
It's experience, knowledge and more experience that has allowed me to pick out key stages in the markets over the last 20+ years. These levels are all pre programmed, it's a giant algorithm seeking liquidity.
Here's a call that nobody wanted; Using an Elliott bias to identify a Wyckoff structure. The top of the first major 64k Bitcoin had the writing on the wall.
This was as early as March...
Now skip forward, identifying the Top and the Drop zone in March. Maybe a lucky guess? Well, as I said - these things are 100% not random. Once we started to rise the August extension was showing why we would only just peak above old ATH's and come crashing back quickly...
I guess, my point is. This is becoming institutionalised, making it less sporadic.
Key levels are becoming more and more respectful, overall making it easier and easier to read.
I have talked a lot about these things above, had a great chat with Stefan at Tradingview on their own show; Watch that here. tradingview.com/streams/WDxxroSNgb/
Anyways, enjoy the rest of the week! See you on the next stream!!
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
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