Hello degens!

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.

8ƀit @8BIT

adding some alerts for folks in the discord... ... every bit of alpha helps! $btc #bitcoin #btc

April 28th 2022

2 Likes

But, I did manage to get a trade in as I set about my day yesterday morning:

8ƀit @8BIT

gm degens! ... we could be still working that larger (anti) bat on the 4hr; black swan activated, possible prz on a cypher / shark on the 15min. ... everyday is a good day to make a few satoshis! $btc #bitcoin #btc

April 27th 2022

3 Likes

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:

8ƀit @8BIT

i can't believe how parabolix $dxy is rn... ... this is one reason $btc's price is so low. ... #bitcoin will have her time in the sun, again.

April 28th 2022

1 Like

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,

— 8ɃIT