9.8 #BTC Market Analysis|Daily line top reversal divergence pullback; no order at the middle position—wait patiently for an opportunity to go long on a low or go short on a high.
Victory-Like Low Oil Prices: Trump’s Four Conditions and One Date
Of course Trump wants lower oil prices. This is the easiest step to skip when trying to understand the current situation in the Middle East. From September 1 to 3, the U.S. and Iran traded blows for three straight days, breaking nearly a month of calm since mid-August. In the same week, on social media, Trump asked the Iranian people when they would rise up in resistance, putting regime change back on the agenda. If you look at oil prices alone, all these moves are pushing in the wrong direction. On September 3, Brent was at $95.25 and WTI opened at $90.58. By the end of August, the average U.S. gasoline price had already reached $4.079 per gallon.
I’m just some stinky little doodler, and I’ve heard plenty of comments like “just draw a few lines and say whether it’s going to rise or fall.”
Technical analysis doesn’t predict the future, and it can’t predict the future either. But it can give probability distributions for different scenarios, along with preparation for different 대응 strategies.
Traders rarely speak in absolutes. If they tell you it’ll definitely go up or definitely go down—tomorrow after 1,000,000 it’ll be zero—it’s just nonsense, like a human-shaped bearish divergence… a big idiot with a pen.
It might go up, might go down, or might just trade sideways—this isn’t empty talk. But you need to add one more thing: if a, then I’ll do b; if !a, then I’ll do c.
For beginners, the biggest obsession is to find the so-called Holy Grail: some indicator or strategy.
Little do they realize most indicators are based on calculations derived from candlestick open-high-close-low data—just different mathematical expressions.
As for strategies, they also always end up failing at some point. For example, earlier this year when BTC crashed hard, the RSI was extremely oversold. A bullish divergence showed, but then more divergences kept happening—yet when you tried to catch the bottom, you got wiped out.
Although I don’t understand why this fellow Waller can step out and walk a couple of steps and somehow get such a big positive effect—maybe it’s because he’s of the same family as Wosh?
With the current crude oil trend, it’s a bit suspicious that CPI can come down.
But the candlesticks are honest: I chased the long position urgently yesterday and got filled to the maximum. Tonight is the Non-Farm Payrolls—keep observing price action. If 81.5k can’t be reclaimed, then it will form a daily bearish divergence at the top.
0xSawa
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Extreme intraday trading—during ranging markets you can trade both long and short. Not bulls, not bears… just slick traders 🤪
Indicator Teaching: How to Use VWAP to Identify Support and Resistance
VWAP (Volume Weighted Average Price), calculated from the starting breakout point, is the average cost of the bulls over this move.
If the price hasn’t been pushed through (smashed) and pullbacks don’t break it, it means the bulls are still pushing. If it gets pushed through and the rebound can’t hold, then support turns into resistance.
No matter what indicator you use, trading is about finding support and resistance: short at resistance, and go long at support.
For practical teaching, here’s an example of finding resistance and shorting on the 15-minute gold timeframe.
VWAP is a living fit that you need to practice a lot.
The authoritative VWAP remains authoritative. My short position’s TP has been hit, and I’ve completely switched to a bearish mindset—selling short on rallies.
9.1 BTC Downward Channel: 79,000 Locks Every Bounce|Gold 4450: Two VWAPs in Convergence You Can’t Get Through
【BTC】
It’s moving in a downward channel; every rebound high has been locked down by the 79,000 red VWAP.
Buy in two lots from 75,000 to 76,000, and take profit when the bounce reaches the upper edge of the channel.
【ETH】
The bull flag inside the blue channel—today’s two rebounds were both capped by the upper edge.
Place buys across three VWAP levels at 2427, 2371, and 2303, with allocation ratio 1:1:2.
High volatility—don’t put too much size on. If price breaks down through 2303, cut losses.
【Gold】
At 4450, there are two VWAPs converging. The pullback can’t break higher—during yesterday’s live stream, I sold short there in batches.
On yesterday’s live stream, we followed the bearish plan and shorted; half the position has already been taken profit on, and the rest is pushed to break-even.
Take profit shorts below at 4290 and 4253, or flip to long to bet on one more rebound.
Last night’s live stream clearly showed a bearish view on gold, and today it has been confirmed again. At the key level, cut the long position—if you need to flip, you flip!