are you losing sight of the MACRO? whales cracked!
do you really think whales look at the 1m 5m 15m charts?
lets look at the macro picture here
the green triangle is a TYPICAL whale consolidation triangle
1. look at the volume boxes representing whale movement which align perfectly with the edges of the triangle
2. whales are tricky and do opposite of what most people think
3. they BUY when there is FEAR in the market... when MOST people were calling 6k/5k scenarios (death cross bla bla bla) they BOUGHT!
4. they SELL when there is HOPE in the market... when MOST people are OPTIMISTIC (like now somewhat!) even if u dont agree with this... please SET A STOP LOSS!!!!
now to support my TA
a. while path is most probable
b. breakout can occur of this triangle but whales will consolidate out this triangle IMO (thinner arrows)
c. thicker arrows are MORE probable scenarios.
d. watch out for huge volumes which usually always confirms WHALE movement
i put a lot of effort into this TA
please leave me a like
it means a lot to me and cost you nothing
thank you :D
lets look at the macro picture here
the green triangle is a TYPICAL whale consolidation triangle
1. look at the volume boxes representing whale movement which align perfectly with the edges of the triangle
2. whales are tricky and do opposite of what most people think
3. they BUY when there is FEAR in the market... when MOST people were calling 6k/5k scenarios (death cross bla bla bla) they BOUGHT!
4. they SELL when there is HOPE in the market... when MOST people are OPTIMISTIC (like now somewhat!) even if u dont agree with this... please SET A STOP LOSS!!!!
now to support my TA
a. while path is most probable
b. breakout can occur of this triangle but whales will consolidate out this triangle IMO (thinner arrows)
c. thicker arrows are MORE probable scenarios.
d. watch out for huge volumes which usually always confirms WHALE movement
i put a lot of effort into this TA
please leave me a like
it means a lot to me and cost you nothing
thank you :D
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