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CRYPTO MECHANIC

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Trading Crypto Since 2016 | X: @cryptomechanicX
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Anytime you have a very clear level on the chart where price keeps getting rejected, and then you see a breakout of the highs but price fails to hold above it. Be bearish until price gets back above those highs or breaks the high that was made during that breakout/deviation. This is one of the easiest setups among all the setups I trade. This will work most of the time when the market is bearish.
Anytime you have a very clear level on the chart where price keeps getting rejected, and then you see a breakout of the highs but price fails to hold above it.
Be bearish until price gets back above those highs or breaks the high that was made during that breakout/deviation.

This is one of the easiest setups among all the setups I trade.
This will work most of the time when the market is bearish.
From 7000 to here. We nailed Stocks.
From 7000 to here.
We nailed Stocks.
CRYPTO MECHANIC
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S&P 500 is failing to hold above 7,000. A solid rejection here will likely trigger a broader pullback in stocks.
Bear markets are fun cause they expose a lot of people. Bull markets make everyone look like a genius.
Bear markets are fun cause they expose a lot of people.

Bull markets make everyone look like a genius.
Wow
Wow
$BTC
$BTC
CRYPTO MECHANIC
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My Plan on $BTC remains the same i shared when the week was started.
Looking for buys once price will reclaim the range highs or around the range lows. Nothing in-between.
Weak Market Vs Capitulation Within the Weak Market Weak Market: When Price continuously makes lower lows. It provides small bounces in between just to make another low you can call it a weak market. It's the kind of market where traders give back their gains. This is the kind of market condition that you can always avoid because it doesn't have volume and moves are mostly weak. (Shorts squeeze driven). Capitulation Within the weak market: This is the best part of a weak market that you can use as an opportunity. This is where most traders get liquidated on their trades, Their Stop-losses gets triggered. Or they give up on their positions because the market was just slowly bleeding down and not moving. it's very likely that a capitulation event will provide you a relief bounce up and sometimes it's the Bottom. This is what i personally do, When the market is weak and there is no volume. I simply sit on the sides and watch the market doing its thing. Remember the best trading strategy is knowing when it's the right time to trade and when it's not to.
Weak Market Vs Capitulation Within the Weak Market

Weak Market: When Price continuously makes lower lows. It provides small bounces in between just to make another low you can call it a weak market. It's the kind of market where traders give back their gains.

This is the kind of market condition that you can always avoid because it doesn't have volume and moves are mostly weak. (Shorts squeeze driven).

Capitulation Within the weak market: This is the best part of a weak market that you can use as an opportunity. This is where most traders get liquidated on their trades, Their Stop-losses gets triggered. Or they give up on their positions because the market was just slowly bleeding down and not moving.
it's very likely that a capitulation event will provide you a relief bounce up and sometimes it's the Bottom.

This is what i personally do, When the market is weak and there is no volume. I simply sit on the sides and watch the market doing its thing.

Remember the best trading strategy is knowing when it's the right time to trade and when it's not to.
Today’s stream is recorded, you can watch the replay 👇
Today’s stream is recorded, you can watch the replay 👇
CRYPTO MECHANIC
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[Replay] 🎙️ Crypto Market Breakdown - When Bottom ?
01 h 05 m 19 s · 1.6k listens
You can now trade SPOT Gold on Binance. A spot Gold pair is already Listed as ( $PAXG ) but i think not everyone knows that. $XAUT is backed by most popular stable coin issuer tether (USDT). I will probably be using this pair if i want to trade Gold going forward.
You can now trade SPOT Gold on Binance.
A spot Gold pair is already Listed as ( $PAXG ) but i think not everyone knows that.

$XAUT is backed by most popular stable coin issuer tether (USDT).
I will probably be using this pair if i want to trade Gold going forward.
My Plan on $BTC remains the same i shared when the week was started. Looking for buys once price will reclaim the range highs or around the range lows. Nothing in-between.
My Plan on $BTC remains the same i shared when the week was started.
Looking for buys once price will reclaim the range highs or around the range lows. Nothing in-between.
Live Now, Lets Discuss the market
Live Now, Lets Discuss the market
CRYPTO MECHANIC
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[Replay] 🎙️ Crypto Market Breakdown - When Bottom ?
01 h 05 m 19 s · 1.6k listens
🎙️ Crypto Market Breakdown - When Bottom ?
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$BTC 999th rejection from the range highs.
$BTC 999th rejection from the range highs.
CRYPTO MECHANIC
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$BTC Tapping the range highs for 999th time.
$BTC Tapping the range highs for 999th time.
$BTC Tapping the range highs for 999th time.
“Headlines Driven market”
“Headlines Driven market”
I don't want to say it, but Profitable trading is boring trading. Some of you may know it. It's doing repetitive and boring work, every single day. Showing up every day, analyzing the same charts, applying the same principles. The most boring part,Marking out the key levels and then waiting for the execution. So, if your trading doesn't feel boring and you are still looking for excitement or you are feeling depressed when you lose - you still have lots of work to do! Does your trading feel boring ?
I don't want to say it, but Profitable trading is boring trading. Some of you may know it.
It's doing repetitive and boring work, every single day.
Showing up every day, analyzing the same charts, applying the same principles.

The most boring part,Marking out the key levels and then waiting for the execution.

So, if your trading doesn't feel boring and you are still looking for excitement or you are feeling depressed when you lose - you still have lots of work to do!

Does your trading feel boring ?
$71300 stands as a key zone to break. $BTC
$71300 stands as a key zone to break.

$BTC
CRYPTO MECHANIC
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Bitcoin Weekly Market Review: Range Still in Play
For the past few weeks, since the war started, I’ve been saying the same thing: “The market is headline-driven.” And that hasn’t changed.
Anyway, let’s jump straight into the charts.
BTCUSD (Weekly)

Last week, we discussed that Bitcoin gave a strong weekly close above $71,300, and as long as price held that level, we could expect a move toward $77K–$78K. Price went up to $76K falling just $1,000 short of our target. I don’t want to call it a win since it didn’t fully hit the target lol.
Anyway, what’s next?

I want to keep this update short because there’s not much to update.
The weekly chart closed back inside the range. As long as price doesn’t reclaim $71,300, the chart doesn’t look good. Bears remain in control, and price can even move back toward the range lows.
BTCUSD (Daily)

The daily chart is still holding higher lows as long as it stays above $65K, so bulls still have some hope.
Personally, if I want to buy Bitcoin, I’d wait for price to either reclaim $71,300 or drop back to the range lows. I’m not going to trade in between because nothing is clear.
Bitcoin Range

Bitcoin has been trading within a range since it marked the low around $60K.
We’ve seen multiple taps and fake-outs at the range highs, while the range low has only been tested once. If price fails to reclaim $71,300, I wouldn’t be surprised to see a move back toward the range lows and that’s where I’ll be looking for buy setups.
So the plan is simple:
Buys above $71,300 or at the range lows.

That’s it for this week’s update.
Been a while since we did a livestream. Lets do it on thursday. Set your reminder 👇
Been a while since we did a livestream.
Lets do it on thursday. Set your reminder 👇
CRYPTO MECHANIC
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[Replay] 🎙️ Crypto Market Breakdown - When Bottom ?
01 h 05 m 19 s · 1.6k listens
If you're wondering why market just pumped. Here it is
If you're wondering why market just pumped.
Here it is
Took most of the profits on my Gold trade. What a move 🔥🔥 $XAU
Took most of the profits on my Gold trade.

What a move 🔥🔥

$XAU
CRYPTO MECHANIC
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Added some $PAXG (Gold) Here, Will slowly DCA into it.
Looking to play a small bounce. A 2-3% would be enough in this market condition.
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