Chadwick Tyler
2.9K posts









$BTC UPDATE $USDT.D and $STABLE.C.D bounced off at support yesterday and that too was the first retest (99% of times it’s successful), but even with two solid confirmations, why did we not take a short on Bitcoin? Because $116K zone is still a support and it would not have made any sense to take short at the support. There are instances where you’d see similar kind of conflicting signals from correlated charts but this is the most beautiful part too about these confluences. Whenever you are working on your own trading strategy, you always need to formulate one with similar confluences that don’t always flash green or red at the same time. Now since $USDT.D is at resistance (precise retest as price did not exactly tap resistance yesterday) and has retested 0.65 Fib level too (like I always say, 0.618 retest is weak and next big one is always at 0.65 or 0.705), there is a possible long position that we can take at $115,300 but you may not be able to catch any big move since $BTC is constantly making these LL, LHs and is trading under $116.5K anyway. Also with a big daily descending trendline on $USDT.D, seems like $112K is only a matter of time and best that we prepare for that asap. So, even though $USDT.D is at 4H resistance but I am slowly inclining towards building a swing short position but remember that it will still be a very risky position since $USDT.D still remains in a strong daily downtrend and has just been rejected at 0.65 level, again lots of mixed signals right? But there are so smaller timeframe patterns that suggest an upcoming reversal on $USDT.D, so best be prepared for it.














🇨🇳 $BABA 100c 09/27 at 0.05 THIS CAN GO 1000%+












