Alpha Circle Nsukka | Charts, Psychology & Market Discussions - Page 5

I

@israeljasspu - 8 hours ago

Quoted - godswillfx

Overall sell on BTC

Sharp

0

I

@israeljasspu - 8 hours ago

Quoted - karbin

I don't trade Bitcoin, but there are very large weekly & month end expiry on IBIT at 43.5. These are major put options, which generally implies major support level here.

43.5 coincides with the exact current level of BTCUSD. IBIT is the largest exchange traded fund for Bitcoin as per AUM. The large institutions who trade BTC, they trade it via this fund. If they want to buy Bitcoin, they will go long & vice versa.

See the attached image. Notice the 18447 puts OI on 43.5.

You can find IBIT on Tradingview as well, they don't have the options data though.

What this implies is, the market is (or whoever major is trading it) betting that Bitcoin will not go lower than this level in this week. If this breaks, ofcourse there will be unwinding & it changes. But that is what the current bets are.

This is real liquidity, actual money. You cannot see liquidity on plain charts, on charts you can see support/resistance or supply & demand zones.

Actual data shows where the real liquidity is i.e. where the real orders are. The only way to know this for BTC are the exchange traded funds.

Your views are good just the way you learned them ...overall chart just shows what happens next ...I don't trade with order books just pure Ta or little Fa that if we're bullish Fa can strength long term buys

1

I

@israeljasspu - 8 hours ago

Quoted - karbin

And the next major options barrier below is 40 on IBIT, which would be around 70.5K or the 13th April low on the BTCUSD.

More options expire dump market I haven't seen options relatively affect trend

1

P

@patrader - 8 hours ago

Quoted - israeljasspu

Your views are good just the way you learned them ...overall chart just shows what happens next ...I don't trade with order books just pure Ta or little Fa that if we're bullish Fa can strength long term buys

I think he was implying liquidity based trading may involve actual order book data available from the exchange.

But liquidity sweeps as in ICT are merely words describing support and resistance. Just rebranding of old concepts. ICT traders have no clue of actual orders hence the word is misnomer when used by ICT traders.

Mind you, even Fundamental analysis requires economic data from proprietary sources like BB Terminal etc.

For most people purely TA would be sufficient, keep it simple.

1

P

@patrader - 8 hours ago

Quoted - israeljasspu

More options expire dump market I haven't seen options relatively affect trend

Options especially 0dte can effect the underlying it is documented. The option barriers show what large scale participants are thinking. ofcourse you can spot good S/R on chart and not need any mumbo jumbo.

0

I

@israeljasspu - 7 hours ago

Quoted - patrader

I think he was implying liquidity based trading may involve actual order book data available from the exchange.

But liquidity sweeps as in ICT are merely words describing support and resistance. Just rebranding of old concepts. ICT traders have no clue of actual orders hence the word is misnomer when used by ICT traders.

Mind you, even Fundamental analysis requires economic data from proprietary sources like BB Terminal etc.

For most people purely TA would be sufficient, keep it simple.

The best way is to keep it simple 💯

0

I

@israeljasspu - 7 hours ago

Update on btc sell if we breake above that means coch I will then switch bullish with that in mind we need this level taken out or we become the liquidity