=Yurlo (Please go ahead and tap that like button for the calls & free content I provide) 👍👍👍👍
I've been watching these markets very very closely over the past few days, and I don't trust these little pumps we've been seeing. I think that the market makes have been pushing the price up slowly above $10000 just to get bulls thinking that "the bottom is in" so they start accumulating this area to falsely paint a narrative for an "upcoming bull run" when the REALITY of things is that the yearly high might be in & thats just the reality of things.
Since August 17th we've seen lower highs on (ltf) & (htf) which only tells me one thing: the charts are BEARISH.
September 7th the downtrend within the downtrend (mini) which started on September 3rd was breached and reached a local high of $10400 BUT is still a lower high until we break $10600.
ALSO Since September 7th: the picture & prediction I've painted for the pumps & dumps (mini) we'd see before actually losing $9950 for some time have been playing out.
I think we're in the marker psychology phase of traders attempting to "catch the bottom" when we've been at this level trading since September 3rd?
Do you think really think market makers like Arthur Hayes are going to let degenerate new traders 100x "the bottom" at $10100 area?
I don't think that's quite how the markets run in terms of market psychology, this all seems like a trap to me & I'm expecting $9600 to get hit, as well at $9197.
i've got a target of $7850 if we lose $8800.
Enjoy the rest of your week, I'm not making any more posts until we're under $10000.
I've been watching these markets very very closely over the past few days, and I don't trust these little pumps we've been seeing. I think that the market makes have been pushing the price up slowly above $10000 just to get bulls thinking that "the bottom is in" so they start accumulating this area to falsely paint a narrative for an "upcoming bull run" when the REALITY of things is that the yearly high might be in & thats just the reality of things.
Since August 17th we've seen lower highs on (ltf) & (htf) which only tells me one thing: the charts are BEARISH.
September 7th the downtrend within the downtrend (mini) which started on September 3rd was breached and reached a local high of $10400 BUT is still a lower high until we break $10600.
ALSO Since September 7th: the picture & prediction I've painted for the pumps & dumps (mini) we'd see before actually losing $9950 for some time have been playing out.
I think we're in the marker psychology phase of traders attempting to "catch the bottom" when we've been at this level trading since September 3rd?
Do you think really think market makers like Arthur Hayes are going to let degenerate new traders 100x "the bottom" at $10100 area?
I don't think that's quite how the markets run in terms of market psychology, this all seems like a trap to me & I'm expecting $9600 to get hit, as well at $9197.
i've got a target of $7850 if we lose $8800.
Enjoy the rest of your week, I'm not making any more posts until we're under $10000.
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If we do drop here: I'll be correct about my predictions considering the hammer has been set here for a few days and you can see it on previous posts shared.
Time will tell, I'll sit back and watch.
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This is what I'm seeing will happen from a bearish bias perspective.
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These bulls really trying for it eh, let's see how this works out in the end.
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When drop?
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How I'm playing this trade from around this range ~Trade active
Dump the corn.Trade active
X = target X = target (2)
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If we lose here we go to $10150
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Still looking for a move down in coming hours.
Maybe during the night.
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This is the "lines" candles: helps you block out the noise.
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"baseline" candles:Trade active
Dump soon? ~
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Waiting for $10,200 to be lost in coming hours, or at least retested.
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Getting close to $10,200 here....maybe by the next 4 hour close i wouldn't be surprised if we're under. Note
A year after halving (2016 halving) ~ followed by 2017 pump. Then (2020 halving) followed by 2021 pump. In other words we aren’t going to ATH’s in 2020. Few understand.
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12 hour looks like its painting a fat rejection IMO ~ Yurlo
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Get ready for some red candle action ~ Yurlo
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4 hour candle: closes in 17 minutes and is BEARISH
$10300 looks like it may flip s/r.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.