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@lofiXBT

futures trading larper that loves auction market theory & order flow. sharing my thoughts on: $es $cl $zn #eth #crypto #btc also play guitar and produce music.

not financial advice Katılım Temmuz 2008
248 Takip Edilen43 Takipçiler
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løfi@lofiXBT·
Not really one for trying to "predict" the price, but I personally have felt like the $24K to $30K region really needed more volume on the way up. Wouldn't be surprised to see the red box visited and consolidated in for a bit before the next decisive #bitcoin move. #btc #crypto
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løfi@lofiXBT·
Forget about silly lines and weird patterns on your chart. Focus #trading based on REAL data that the market's already generated for you. This is THE book to read on this exact topic. TIP: A quick Google search will land you a #free PDF of this book. #btc #daytrading #stocks
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løfi@lofiXBT·
The whole "YATS" thing seems crazy to fork out thousands of dollars for a URL anchored to a platform that you don't even fully own. I'm in the process of creating a site with a domain bought via this: #page-top" target="_blank" rel="nofollow noopener">i❤.ws/#page-top "Emoji" domains aren't new, don't fall for the hype.
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løfi@lofiXBT·
Quick tip on Market Profile when it comes to #daytrading and how many utilize it in their strategy. I absolutely LOVE utilizing this tool in my scalping because it shows me where TRUE value is. #bitcoin #crypto #futures #stocks #gme #amc
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løfi@lofiXBT·
If you want to learn everything about "Market Profile" when it comes to auction market theory - this is the book to take notes on. From the legend himself, James F. Dalton. Tip: Some clever googling will net you a PDF version of the book for free. #futures #bitcoin #daytrading
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løfi@lofiXBT·
If you're frustrated and struggling with being profitable or even breaking even with #trading don't feel bad. It takes the majority a LONG time before they get to that point. It took me years to be consistently profitable. Patience & screen time are key. #bitcoin #stocks
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løfi@lofiXBT·
Volume profile is a great way to see where buyers and sellers were willing to transact the most. The value area is about 68%-70% of the visible range.  The point of control is where the most #volume transacted. #trading #bitcoin #crypto #ES_F
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Jason Biggs
Jason Biggs@JasonBiggs·
Ugh same
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Philakone
Philakone@PhilakoneCrypto·
Excuse me how are my positions? Did I enter you right?
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løfi@lofiXBT·
And my bias is confirmed. Unlike the others on here that post hopium charts, I just wait for my bias to be confirmed.
løfi@lofiXBT

Current bias on #bitcoin is still very much short. Until we break $40,000 on very convincing volume, with time and space - I'm not comfortable looking for long entries. The #crypto market is so #volatile right now though, it could really go either way in the short term. #btc

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løfi@lofiXBT·
@Adaamset I love seeing other traders use market profile. Keep posting great content!
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Adam Set
Adam Set@Adaamset·
Why tweets? Because same plan works fine. We shorted 44 and flattened 32 (12) We longed 31 and holding. (?) I'm trying to milk 4253 or falls to breakeven. IF ES closes above 4240 (ESM) I will be swinging with same plan and stop at entry.
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løfi@lofiXBT·
Take note of how many "influencers" outside of the financial and crypto space were posting nonstop about #bitcoin and #ethereum when they were printing new highs almost daily. Then notice how all of these people got silent when the price dropped. Now unfollow all of these people.
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