TraderMagus

Simple Intraday Play

If BTC can reclaim value, target 107.8k vah

If we start to reject the reclaim, target 106.5k

Simple Intraday Play
If BTC can reclaim value, target 107.8k vah

If we start to reject the reclaim, target 106.5k

Cooking new educational series while we wait for the market to move

Keep an eye out because you wont want to miss this

News: Twitter List
Charts: Vwaps & Profiles
Liquidity: Resting Orders
Taker Flows: Delta Histogram

Execution & Open Orders: Order size/Type and Resting limits
Positions: Open positions
Dom: Orderbook
Position Management: Lower timeframe open position management

Once you find your workflow you don't need to change much

Fartcoin isnt topped until Dip Wheeler is shilling on CNBC

Stream is live now

Updating BTC plans & Sharing my trade setups

https://www.youtube.com/live/msBi0kRKg6Q

Predicting vs Reacting

You always hear "react, don't predict"

"But why? I see tradexyz calling support with his TA"

The truth is, TA is a meme

It's impossible to predict how much volume & liquidity will participate at a price level

So do levels matter? Yes because they tell us where to pay attention

Simple flows at key levels will outperform most

Study reactions

Only 69 trillion dollars of longs left to liquidate then up only

I never celebrate price going down, even when short

Price going down means less opportunity in the medium term

Hoping bulls can reclaim qvah this week otherwise down to 95k we go

Expecting value to be built between 107.5k & 106k

Pretty straight forward directional break plans after some sideways plays out

Accept over 107.7k & target 109.2k

Accept below 106k & target 104.3k

Rotations before

Feels like later stages of the trend but I think we have more juice left

I'm playing things pretty safe right now mostly, positioned in BTC

Start accepting over 108k and I'll chase risk to 120k

Otherwise I'm looking to buy the dip

Acceptance of crypto is happening right in front of us and much of CT seems to have given up

Vwap Scan

Some quick thoughts looking at higher timeframe vwap

Yearly
I think the yearly looks great as long as we hold vah

Over 103.2 expect highs to be tested, acceptance below and expect 95k

Yearly Vwap is a bid at 95k

Quarterly
Similar view, while over quarterly vah expect highs to be tested

Acceptance back inside value takes us down to 95k

All signs continue to point higher, just a matter of when

Closing thoughts

If given the chance to bid sub 100k I will likely full send

If 95k isnt the swing low region I could also see it being lower towards 88k but my gut says demand is strong on higher timeframe

The patient bull wins

Couple more liquidations then up only

coins looking so shit we've resorted to shilling usdt

I will be buying the generation bottom on fartcoin soon

The strongest coin of them all

I've sold my bag down quite a bit

I'd probably rebuy in the lower 30s if BTC looked good

Wondering now if CB announcing perps has any effect on Hype price

Essential Tools
Value

Bare minimum for my trading is Volume Profile & Vwap, this is how I determine "value"
Volume Profile
Use Case: Trade Locations
Types: Fixed Range, Fixed time & Visible Range
Application: @tradingview

Vwap
Use Case: System selection, Directional bias & Location
Settings: Time-based, Rolling and Anchored
Application: @tradingview

Orderflow & Liquidity

Reading flows requires from combination of Takers(market orders) & Makers(limit orders)
My personal choice is Orderbook/Heatmap in combination with simple volume/delta

For perp flows I also use Open Interest go gauge how people are positioning & general risk levels in the market

Orderflow & Liquidity
Use Case: Trade execution(confirmation for the noobs)
Taker Flows: @tradingview & aggr
Maker Flows: TBD

Spaghetti

Asset filtering is essential in crypto where majority of coins are duds. Spaghetti is how I find strong coins
Spaghetti
Use Case: Filtering for strength & weakness
Application: @tradingview

Closing Thoughts:

This briefly covers the tools I NEEDand the tools I want

If this post gets a lot of engagement I'll do follow up for each tool with full breakdown from settings to trade setups

Press like

Cheers

What if SOL is the real hated rally?