
🇳🇱 𝗧𝗿𝗮𝗱𝗲𝗿 | 𝗧𝗲𝗰𝗵𝗻𝗶𝗰𝗮𝗹 𝗔𝗻𝗮𝗹𝘆𝘀𝘁 | 𝗙𝗼𝘂𝗻𝗱𝗲𝗿 @ChartUnion | 'No magic here, just years of grinding data.'
The Netherlands & Romania
Joined July 2020
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BTC Update | Taking Profit
We've seen Bitcoin continue its move into the next FPLP level, highlighted in the previous post!
We've taken profit here on our spot bags. 👏
What's next?
There's increased volume at the highs of the range, within the FPLP level. We're not trading against the trend here, but we are keeping an eye out for potential reversal signs as we're at resistance. 👍
BTC Update | Zone 1 ✅
Back in July we posted two zones of interest. Today, zone 1 got hit. Bitcoin is currently down 40.5% from where we took profit. 🙌
BTC Update | We're Eyeing Bear Market Entries.
Thought I’d share an update, as it’s been a while.
POWER OF A STRATEGY
The exciting thing about following a strategy is that your emotions don’t come into play. It’s as straightforward as 1 + 1 = 2.
At the $120,388.80 - $123,620.31 FPLP level, we took profits on our spot bags, leaving only 29% exposed to the market until further confirmation of a trend reversal.
LOGIC OF THE RIBBONS
When one ribbon breaks, we assume price will visit the next ribbon. When a ribbon is tested three times in a trending market, as visible in the quoted post, we assume price will break and visit the next ribbon, in line with simple Elliott Wave theory.
So, since the break of the Mid Market Accumulation Ribbon (MMAR), we were eyeing on the break of the Bull Bear Market Ribbon (BBMR). And since the recent break of the Bull Bear Market Ribbon (BBMR), we’ve been eyeing the Bear Market Accumulation Ribbon (BMAR).
APPROACH
This is the perfect time to sit on your fiat, enjoy the money you’ve made, and maybe leave the charts alone for a while and work on some other projects. Exactly what I’ve been doing for the past few months.
This doesn’t mean we haven’t been trading at all, but we’re not scaling into any longer term spot or leveraged positions. We’re waiting for the right conditions to be met, otherwise you'll get rekt. Correct: Like the impatient.
We’re not eyeing bull market targets right now: we’re eyeing bear market entries. Does this mean it will happen in the next few weeks or months, and that it will go straight down to these levels? Maybe, maybe not. But who cares? Correct: Only the impatient.
KEY LEVELS TO WATCH
These are the zones we’re keeping an eye on, zones I posted back in July. This is where we will be accumulating, and where we have positioned our orders:
Zone 1: $68776 - $74,508 (Updated Lower End)
Zone 2: $42,580 - $49,000
BMAR Range: $49,200 - $70,000
TOTAL MC (Lower End): 1.58T - 1.69T
REMEMBER
So called "influencers" will always buy and shill at the top. Bitcoin has already dropped 36% from their “non-financial advice”, currently sitting at -31%.
Stay safe people! 🙌
UPDATE | @ChartUnion Relocation & Payment Pause
Unfortunately, this year we've found Romania to be less than welcoming for smaller businesses. So, we've decided to wrap things up there before the end of the year.
Last week, we finalized all the paperwork, sold the local company, and are now officially relocating the ChartUnion brand and operations back to the Netherlands!
As part of this transition, Stripe payments are paused until further notice. If you're looking to renew your subscription or grab one of our current offers, just shoot me a DM or email [email protected] 🙌
TradingView decided to go Spotify Wrapped this year ..
.. And my favorite indicator?
Who could've guessed? 😉
BTC Update | We're Eyeing Bear Market Entries.
Thought I’d share an update, as it’s been a while.
POWER OF A STRATEGY
The exciting thing about following a strategy is that your emotions don’t come into play. It’s as straightforward as 1 + 1 = 2.
At the $120,388.80 - $123,620.31 FPLP level, we took profits on our spot bags, leaving only 29% exposed to the market until further confirmation of a trend reversal.
LOGIC OF THE RIBBONS
When one ribbon breaks, we assume price will visit the next ribbon. When a ribbon is tested three times in a trending market, as visible in the quoted post, we assume price will break and visit the next ribbon, in line with simple Elliott Wave theory.
So, since the break of the Mid Market Accumulation Ribbon (MMAR), we were eyeing on the break of the Bull Bear Market Ribbon (BBMR). And since the recent break of the Bull Bear Market Ribbon (BBMR), we’ve been eyeing the Bear Market Accumulation Ribbon (BMAR).
APPROACH
This is the perfect time to sit on your fiat, enjoy the money you’ve made, and maybe leave the charts alone for a while and work on some other projects. Exactly what I’ve been doing for the past few months.
This doesn’t mean we haven’t been trading at all, but we’re not scaling into any longer term spot or leveraged positions. We’re waiting for the right conditions to be met, otherwise you'll get rekt. Correct: Like the impatient.
We’re not eyeing bull market targets right now: we’re eyeing bear market entries. Does this mean it will happen in the next few weeks or months, and that it will go straight down to these levels? Maybe, maybe not. But who cares? Correct: Only the impatient.
KEY LEVELS TO WATCH
These are the zones we’re keeping an eye on, zones I posted back in July. This is where we will be accumulating, and where we have positioned our orders:
Zone 1: $68776 - $74,508 (Updated Lower End)
Zone 2: $42,580 - $49,000
BMAR Range: $49,200 - $70,000
TOTAL MC (Lower End): 1.58T - 1.69T
REMEMBER
So called "influencers" will always buy and shill at the top. Bitcoin has already dropped 36% from their “non-financial advice”, currently sitting at -31%.
Stay safe people! 🙌
Exactly 4 months ago, we took our first round of profits at the $120,388.80 - $123,620.31 FPLP level.
Today, Bitcoin is down 23.5% 🔽 from that zone and arrived back at the Bull Bear Market Ribbon (BBMR). It acted as support twice during this run-up.
Third time’s the charm? 🤷♂️
BTC Update | Taking Profit
We've seen Bitcoin continue its move into the next FPLP level, highlighted in the previous post!
We've taken profit here on our spot bags. 👏
What's next?
There's increased volume at the highs of the range, within the FPLP level. We're not trading against the trend here, but we are keeping an eye out for potential reversal signs as we're at resistance. 👍
Today my @Bybit_Official account got hacked.
Hackers accessed multiple email accounts, my 2FA, and luckily, only one crypto account, when I caught them wiping evidence. 🤷♂️
So a reminder to you all:
Nothing's 100% secure online.
Got profit? Take it off the exchange! 🤝
Why I Trade Convergences. 🤝
The more features of the QCS converge ...
... the more likely price will respond to it.
Most people turn to headlines or irrelevant details to understand why prices move with or against them ...
But it's all in the charts. 🙏
On days like these, you see who doesn't have their risk management in order. Take notes, people. ✍️🏾
If you lost money yesterday, stop blaming others. No one's here to save you. Man up, educate yourself, and take responsibility. That's the only way you'll grow. 🫡
Peter Inspi retweeted
I'm a Professional TAKE PROFIT Advocate.
Two very UNPOPULAR and TRIGGERING words,
But I'll keep saying them ...
... TAKE PROFIT! 🙌
BTC Update | I've Missed Days Like These
Exciting stuff today! Bitcoin dropped another 17.5% 🔽 from the FPLP profit-taking level. That's why we take profit. 🫡 Meanwhile, it's trading back above the Mid-Market Accumulation Ribbon.
Who else is watching opportunities unfold? 🙌
Here's why I scale out on the way up, and often say 'Money has already been made'.
The circles are where smart people scale into their positions, at the Bear Market Accumulation Ribbon.
You don't have to sell at the top, if you bought the bottom. 🙌
BTC Update | The Strength of the Ribbons
Bitcoin is up 17% 🔼 from our latest entries and printed a new all-time high. Too many people overcomplicate this game. Just ride the waves. 💪
Subscriptions are still available for our indicator, check it out if you haven't yet! 🙌
BTC Update | Convergence = Taking Profit
Bitcoin has just reached the $119,531 - $120,950 zone, converging with the FPLP level, mentioned in earlier posts. This is where we're taking profit on the entries from the MMAR, totaling +11.2%🤝
BTC Update | It Keeps On Giving
After the previous 9.71% 🔼 move up from the MMAR bottom, Bitcoin made another 8.31% 🔼 move up from the ribbon.
Why buy tops if you can buy bottoms? 🙏
INSP Update | -77% From Our Exit ❌
As mentioned back then, I usually don't post about altcoins, but this is a perfect example of how the market works. MINUS 77% 🔽 from our exit. For those who held on, you had two shots to get out ...
... Take Profit 🫡
Secure it or Regret it
A while back, I shared a video of a chart I've traded a lot this year: INSP | Inspect. It’s currently up 1200% 🔼 from the bottom, 800% 🔼 in 30 days and today it hit our target.
I usually don't post about altcoins. But, as expected, checking X sentiment, it's full of bullish screenshots at resistance and posts about higher targets. 🤷♂️
Few say the most important thing no one wants to hear: TAKE PROFIT!
So... Reward yourself, TAKE PROFIT! 🙏
BTC Update | 5% Drop From Resistance & What's Next?
As mentioned in the previous post, Bitcoin was at resistance. So we treat it as such, meaning: we have to have clear what timeframe we're trading for different trades and how we approach it. For instance, we take profit, check how price acts at resistance, use a trailing stop loss, or we'd not be worried as it's not the timeframe we're trading but do keep it as a reference for the overall trend. So, have clear how you'll act at certain levels during different trades. 🫡
We were looking at a potential break through the resistance level and a move higher with the data we had. As price unfolded we saw this not play out, followed by price reversing, showing why we need to pay attention to the levels highlighted. Bitcoin dropped over 5% 🔽 to the Mid Market Accumulation Ribbon (MMAR), now trading below but not yet breaking the GP Ribbons.
But as mentioned, as long as Bitcoin is above the MMAR, we're looking for higher prices. Looking at the complete move lower, we see increased volume at the lower ranges of these moves. This makes us believe price will increase from the MMAR, as we would expect bigger sell-offs at the higher range if the intention is to bring price lower. 🤝
BTC Update | Breakout & Next Zone
Quick update. As mentioned in previous posts:
"As long as Bitcoin is above the MMAR, we're looking for higher prices", relating to re-entries from the MMAR.
"As long as it's staying within the MMAR and GP Ribbons, we're trading this zone until direction is decided", related to our trading.
Meanwhile Bitcoin has broken out of the GP Ribbons with increased volume, and after a retest, we are now witnessing a continuation.
Currently, Bitcoin is at resistance. However, the low volume at the top of the range suggests we may see a move toward the next level. This is where we are taking profits on our re-entries from the MMAR.
Zone to watch:
🔴 $119,531 - $120,950
BTC Update | Breakout & Next Zone
Quick update. As mentioned in previous posts:
"As long as Bitcoin is above the MMAR, we're looking for higher prices", relating to re-entries from the MMAR.
"As long as it's staying within the MMAR and GP Ribbons, we're trading this zone until direction is decided", related to our trading.
Meanwhile Bitcoin has broken out of the GP Ribbons with increased volume, and after a retest, we are now witnessing a continuation.
Currently, Bitcoin is at resistance. However, the low volume at the top of the range suggests we may see a move toward the next level. This is where we are taking profits on our re-entries from the MMAR.
Zone to watch:
🔴 $119,531 - $120,950




















