Comic strip - Chaos & Carnage

7 янв. 2022 г.

Over the last year, I have been making my Bitcoin trades public. I have been using the TradingView charts to show the logic for each Bitcoin swing. I have used cartoon posts for the explanation of sometimes technical topics. All with the view of educating the community here on Tradingview.

I have traded for over 21 years now, covering all kinds of instruments, found out the hard ways - the strategies that work and the ones that did not!

In the last year, the education and logical posts have been posted here to grow awareness of how the emotional sentiment of the retail crowd is leveraged by the institutional players. All I had from each Bearish BTC call was - "it's not distribution, its accumulation" or "PlanB is not wrong" This only shows the strength of the sentiment & as a professional trader, it's useful when doing technical analysis to know the reasons why we are likely to go up or down. We all know the crowd is wrong 75%+ of the time.

The retail sentiment only want opinions that are in line with their own purchases and beliefs.

Sometimes, to win the war. It's the little battles that count.

I have spent this last year looking on at the market, like Batman assessing the situation.


In March 2021 I posted the rocket call showing exactly why we where doing what it should be.


I explained the logic as to why the drop was coming - seeing it being cut down by Wolverine;


This was covered in the logic behind Wyckoff DISTRIBUTION

From this move down, everyone was expecting a 100k plus rally - we had PlanB call for 92k in April, 98k November and 135k in December. And the crowd only cheered,
as Chaos surrounded the crypto market - Hulk was running wild!


Yes all of these are drawings!


The roadmap allowed us to remain calm as we had already anticipated the move up from the 2017 move, the extension levels up to 60k, the Wyckoff distribution in play and the extension down for the drop (as seen in the rocket move)

Just like Deadpool - calm and confident!


Retail crowd much like Groot had one thing to say "100k, 100k, 100k"


The levels had been pre set - check out the date


And up to test it, fake out and drop after using the level as strong resistance.


So whilst all the fake guru's where selling themselves as a crypto Ironman

With shinny indicators that made them look advanced.

The only logic that worked was to stick to the plan, hang around. Watching the chaos from afar, and getting ready to swing into action.


All of this can be seen here (click the link)

And all of the education covering the logic for calling these moves - was posted as a Christmas gift recently, all in one place!

Over the next couple of weeks, myself and Paul_Varcoe will be posting and streaming here on Tradingview with the updates to the roadmap. Stay tuned!

Enjoy the weekend!!

THE END



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.