Astronomer@astronomer_zero
$btc - my bias and expectations on every timeframe (summary).
Just a quick one for the newcomers and the ones who don't have a full feeling on how to interpret direction on each separate timeframe, or don't have a grasp on my system, which is heavily influenced by bias on every timeframe, here is a quick summary on my directional expectations.
Because when I take a long on the hourly, doesn't mean I am bullish on the overarching timeframe (H * 12 ~ daily), and vice versa for shorts.
Timeframes are often misinterpreted. Because somehow when someone takes a short on the hourly, on X it's typical to sometimes comment: he is short, therefore he is bearish on the weekly and expects 50k, but wait a minute, he said he didn't expect sub 50k?
I believe my audience is one of the best at understanding this discrepancy so far. But that's exactly because I go over all timeframes and every now and then summarize with posts like this so I simply continue to "educate" you on that.
Timeframe separation and multi-timeframe vision is key to understand direction.
And understanding how a multiple of 12 in them only mildly affects each of the underlying or overarching one step up or down, and almost negligibly two steps up or down. (H2 could create a bullish move, while the daily (H2*12) is still bearish. Etc.)
Also included are my actions, because making calls without clear trades isn't trading, it's spectating. Drawing a bridge can be done by a toddler, building one takes teams of engineers.
Weekly: I am bullish
My actions: I am holding 4 long runners and spot and looking to ad whenever it allows.
My analysis: given in very clear ways. Every single one of my high timeframe posts commented on 60k being the low, in live time, and with reminders after the fact.
Confirmation by sentiment: yup. Most people are macro bearish and expect sub 60k.
Daily: bearish. I expect sub 75k and have been expecting it for a while. Longs stacked, more active shorting recently, etc.
My actions: shorts from 82.3k to target 75k with one re-attempt remaining of taken out.
Sentiment: less clear, but lately, many macro bears went quiet or flip flop all the time saying they were wrong followed by "i am still in swing shorts" sometimes the next hour. Clear loss in conviction locally.
Hourly: bullish (invalidated). I took two longs this week to catch internal bounces. One succeeded, one failed. Currently not expecting a bounce anymore (invalidated) and therefore just riding swing shorts.
Sentiment: mostly order flow with some deep searches on socials to confirm. Order flow seemed bullish first, then faulted clearly at 80.2k and sure enough, we slid down further at 79k.
Summary:
W: bullish
D: bearish
H: bullish (invalidated) -> neutral/bearish
So, indeed when they point in different directions, and I trade it, I notice in my stats that most of my new followers get confused sometimes.
Continues to be my goal to prevent that with extra emphasis such as posts like this. Especially useful in times where they are not all bearish or all bullish (unidirectional alignment).
This is a tough mission. But it's only a natural consequence when being on top of the market on all timeframes which is key imo to not miss anything and trade successfully.