BlackMarketButcher

Sol is the same scenario as BTC... For some reason the rest of the alts coins look stronger than BTC and SOL. I do not see alts like XRP sweeping their lows. They look much stronger. I do see weakness in SOL which I see people losing interest in because of pump.fun. Just like NFTs, it was good while it lasted.

Waiting to see price sweep initial low before I enter a long position. The first bounce was extremely weak for my comfort. It says a lot in my opinion. If we pump to the 107-109k are before we sweep the initial low, my bias will be a strong continuation to the downside hunting for new lows. This time I will be looking at the 4hr time frame for a bullish divergence in order to execute this trade.

I will only enter on a bearish divergence on M-Cipher B. Using Fib and SR levels. Large Time Frame downtrend.

Exiting current long position in golden pocket(.65, .618) Will be looking for short position if price action produces Swing Failure Pattern (SFP) Looking for bearish Divs on the 24m

High confluence resistance. Includes a FIB (0.65, 0.618) Higher Time Frame continuation (putting in a lower high) before the next (lower low) Tools: Black Arrow VMR, Black Arrow S/R, Market Cipher B. Confirmation: Bearish Diversion on 4hr with Market Cipher B, OR Overbought 4hr on RSI, OR Bearish Divs on MACD.

Due to unforseen events, I have updated my chart.We bounced off an old daily level.I will be waiting for a sweep of the low because my bias is that this is not a V-Shaped Recovery. I'll be waiting for divs on the 4hr and volume spike on the 7m.

Waiting for divergence confirmation on 4hr and volume spike on 7m or 2m. Will enter trade if price falls below level and re enters it. Risk will be managed, will medium position and tight stoploss.

Trigger: 4 hr divsscaling into trade and adding to positionnot adding if theres drawdown

It has been quite some time since I have posted something on here. I have learned a lot from the community here as well as years of being in the trenches failing over and over again. When I finally broke even, I stopped posting and I just continued trading. This was a poor decision because I have abandoned the very community that has helped me develop my education and mentored me. I have been spending time on making some videos that explain the process I went through to become a profitable trader. I will also be posting on here more often to articulate what decisions help me develop a bias and some examples of the trades I execute. As for this post, I have developed a bias that we will soon close above the price marked on the chart with a horizontal line. Why? Because we are in a range bound environment or what some may call "accumulation". From the Macro point of View, we are currently in an uptrend. Which is why believe when wee do break out of this range, it will be towards the upside. Remember, it of course can go the other way, and we are all wrong at some point. Enjoy being wrong as much as you are right. The only stress is the stress you put on yourself. Try not to seek perfection in this game. Just use good common sense and make clear and fair judgement. This is the end of my rant. More to come soon.-The Butcher