As you know I’ve been busy setting up the Trading Library which has taken a month of solid work to curate and compose and I haven’t had as much time dedicated to trading.
In addition, I’ve set up our new Discord community chat! I spent most of yesterday starting from near scratch and I’ve got it setup pretty nicely:
It’s got a free / public chat area as well as the paid channels for subscribers. I’ve already setup a few bots that’ll show real-time prices and charts — pretty neat! I’d love for you to join and help me kick the tires!
Still very early stages but I think it’ll be a good addition to the paid newsletter and content / education! I’m particularly interested in the community calls that we could do and even live video trading — wouldn’t that be crazy.
But, I did manage to get a trade in as I set about my day yesterday morning:
I’ve realized that I’ll oftentimes share some of the harmonic patterns that I find on Twitter and then follow those patterns until a conclusion or until the trading day is over and I’ve closed my table down.
This thread started with watching some harmonics and then planning a strategic and heavily-loaded trade for just a few points:
Honestly the price-action right now is absolutely ridiculous and a bit scary, to be honest — you have to have some stones to trade in these waters right now! And the DXY is going absolutely parabolic which is really depressing bitcoin’s price:
We’re having a real fight to get back above $40k! But, if she wants to, she’ll do it and we’ll trade her all day, every day.
For this trade I watched the volume go up and down and I’ve been able to see a lot of this in near real-time via tools like Tensor Charts:
You can see big blocks of orders and the levels that are more than likely going to be filled by larger players, whales, market makers, and/or institutional buyers.
It was becoming more clear that we’d make a big jump toward $39,700 so I timed a long and then planned a quick exit. I shared this thought in Discord:
I first took a look at the volume charts and order blocks around 6:00pm and by 11:00pm I had a spot chosen and and order filled and done. Profit. Clean, simple, steak dinner.
To infinity & bitcoin,