Real Chris Pulver

2023-12-13 18:15:12 #BTC hodling the Major support zone and kinda rejecting it. Price made some multiple rejections, which shows buyer confidence. Well, Daily Candle must hodl above this area to sustains the bullishness and in case of breaking below we can reach the $38,170 support level. Buka / Bagaimana

2023-12-13 18:09:40 What is Money Flow Index ?

The Money Flow Index (MFI) is a technical indicator that helps measure the strength and intensity of money flowing in and out of a security. It's commonly used to identify potential trend reversals and overbought or oversold conditions in a market.

Here's a simplified explanation of how the Money Flow Index works:

1. Typical Price (TP): Calculate the typical price for each period, which is the average of the high, low, and closing prices.

2. Raw Money Flow (RMF): Multiply the typical price by the corresponding period's volume to get the raw money flow.

3. Money Flow Ratio (MFR): Compare the total money flowing in on days when prices go up (Positive Money Flow) to the total money flowing in on days when prices go down (Negative Money Flow). Calculate the ratio.

4. Money Flow Index (MFI): Use the MFR to calculate the Money Flow Index. The MFI is a value between 0 and 100, indicating the intensity of money flow. Higher values suggest overbought conditions, and lower values suggest oversold conditions.

In simpler terms, the Money Flow Index helps traders assess whether a security is likely overbought or oversold, giving them insights into potential price reversals. Buka / Bagaimana

2023-12-11 15:53:25 Market Experiences Massive Liquidation Worth More Than $400 Million As #Bitcoin Reaches $40,000. Buka / Bagaimana

2023-12-06 01:30:09 To put the current supply profitability into perspective, the chart below highlights three typical cycle phases over the last 5 years.

Bottom Discovery where less than 58% (-1 std) of circulating coins are in profit.
Bear/Bull Transition where the market is recovering from the Bottom Discovery phase (or falling from Euphoria) by trading within 58% of supply in profit and 90%.
Euphoria where most coins are in profit as the price is reaching the last ATH (+1 std).

The market has been within the Bear/Bull Transition phase for the past 10 months, as it recovered from the 2022 bear trend. The majority of 2023 has traded below the all-time average, with the October rally being the first sustained break above. Buka / Bagaimana

2023-12-02 00:45:43 Keep your investment coming buddies Buka / Bagaimana

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@Chris_pulver
@Chris_pulver Buka / Bagaimana

2023-11-24 10:26:29 #Bitcoin haven't gave any strong movement yet, just moved back and forth over the same price or juts ranging. Anticipation would be same for now, as if if look in broader view, its consolidating. Waiting for a strong break or rejection over this. Buka / Bagaimana

2023-11-11 21:31:50 Buka / Bagaimana

2023-11-08 11:22:55 #BTC broke the triangle the the upside, and gave a good closing above. Price unable to give a breakout of the previous swing High, which creating some sort of liquidity. Well, we can consider still this in a range, to wait for a clean break. Buka / Bagaimana

2023-11-07 13:56:19 [Why you always get stop hunted and how to avoid it]

Imagine…

You manage a hedge fund and want to buy 1 million shares of ABC stock. You know support is at $100 and ABC is currently trading at $110.

Now if you were to buy ABC stock right now, you’ll likely push the price higher and get filled at an average price of $115 — that’s $5 higher than the current price.

So what do you do?

Since you know $100 is an area of support, chances are, there will be a cluster of stop loss underneath it (from traders who are long ABC stock).

So, if you could push the price lower to trigger these stops, there would be a flood of sell orders hitting the market (as buyers will exit their losing positions).

With the amount of selling pressure coming in, you could buy your 1 million shares of ABC stock from these traders which gives you a better average price.

In other words, if an institution wants to long the markets with minimal slippage, they tend to place a sell order to trigger nearby stop losses. This allows them to buy from traders cutting their losses, which offers them a more favourable entry price.

Go look at your charts and you’ll often see the market taking out the lows of support, only to trade higher subsequently.

Now you’re probably wondering:

“So how do I avoid it?”

Simple.

Set your stop loss a distance away from support to give it some buffer so your stop loss doesn’t get eaten too easily.

Here’s how…
- Identify the lows of support
- Find the current Average True Range (ATR) value and subtract 1 ATR from the lows of support

The idea is to define the current market’s volatility and then subtract it from the lows of support.

This way, you are giving your stop loss a buffer that’s based on the volatility of the markets (and not just some random number).

Pro Tip:
If you want a tighter stop loss, you can reduce your ATR multiple, like having 0.5 ATR instead of 1. Buka / Bagaimana