BITCOIN JUPITER CONTINGENCY CHART 101
Greetings Rookies and Professionals alike,
This is a contingency chart for the asset Bitcoin that is depicted as layers of Jupiter, the layers above show each price level that shows the best opportunities to trade, invest or backtest so that we can properly mitigate unnecessary emotional panic attacks in easily triggered stop losses since the percentage ratio on profits and losses on Bitcoin's potential low price can be very volatile compared to where we were which is around 40,000$ and above. The investment strategy category for this is neutral since a long and short strategy will be made separately around these levels, this is just a general guide chart. Here are some of the vague contents labeled above and their intended definitions:
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INDEX
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JUPITER LEVELS
The first layer which is the 13,500-14,000$ level is first expected level of high volume support after a potential dump from 16,000$. This area has been shown in "Volume Profile" to have very high and intense volume which means this area is a potential demand level, but if this area fails to hold then this will surely be a very strong resistance or potential future sell-off. After dumping to this area, it is MORE LIKELY that a dragonfly doji will be formed which means a complete rejection to further downside in the immediate short term. The long bottom shadow of the candle also represents a trigger from all of the buy orders placed in that level sending the value high temporarily with a high probability of re-testing the same level in a couple of days or weeks to back-test its legitimacy of acting as a support.
The second layer which is the 12,000-13,499$ level is often regarded with high volume which means this is also acting as an immediate short-term demand level or a capitulation area where it could manifest as a dragonfly doji when suddenly visiting here. This area, acting as a support, can also act as a sell-off (resistance when under) which means consolidation in this range is very unlikely. DCA in this area is also bad since this level is completely unreliable to hold both ways (bullish or bearish), it is recommended to DCA on areas with consolidation. This area also serves as a level where fundamentals really matter since if the smart money markets are bullish, this will serve as a continuation to the upside and if they are bearish, a sell-off here is more than likely.
The third layer which is the 10,500$-11,999$ level has no potential volume and is often regarded to be lacking strength in consolidation therefore this is not a good DCA level as it is not a reliable support. There is also a tendency for fake-outs since 10,000$ being a psychological number, market makers can create squeezes in both directions to bait paper traders to switch bias instantly.
The fourth layer which is the 8,350-10,499$ level has a decent amount of volume in the past reference of volume profile. The consolidation in this area is very high and would most likely have a higher chance of acting as a proper demand level where DCAs here are much more efficient to hold than 12k. This consolidation area is also a good scalping area. A definite and most recommended level of trading activity. Fake-outs can still happen, but due to consolidation, you have more confirmation candles to deal with.
The fifth layer which is the 6,000$-8,349$ level has very low amount of volume similar to the Void since the interest here is already low. This is a good DCA level in a technical standpoint due to a potential consolidation, but due to low volume the consolidation formed will be big and will often be a result of market maker manipulation to bait investors of thinking that it is now doomsday (dumping below 6k) and rocket time (going to 10k and potentially breaking it). This is not a good trading area overall, but an investor area.
The sixth layer which is the 6,000$ level and below is what we know as Crypto Winter. The activity here is very, very low and will probably only get you decent profits at very high leverage for small price movements which is very risky. This is an investor's paradise, not ideal for most traders. Due to low volume, manipulations wicks and squeezes are likely to happen.
That is about it, I hope you guys enjoy this, and you might be asking why is this a contigency chart, well since the odds of a potential downturn is more than likely due to lots of negative macro-economic factors, this will serve as a future emergency chart of reference where you can mitigate paper losses by having paper hands and knowing when and where is a good opportunity to really buy. Remember to DCA properly, not every 1,000$ drop. Thank you and don't forget to like, share, and comment!
-Wamses
This is a contingency chart for the asset Bitcoin that is depicted as layers of Jupiter, the layers above show each price level that shows the best opportunities to trade, invest or backtest so that we can properly mitigate unnecessary emotional panic attacks in easily triggered stop losses since the percentage ratio on profits and losses on Bitcoin's potential low price can be very volatile compared to where we were which is around 40,000$ and above. The investment strategy category for this is neutral since a long and short strategy will be made separately around these levels, this is just a general guide chart. Here are some of the vague contents labeled above and their intended definitions:
--------
INDEX
- Volume Void - There is no volume in this level and usually serves as a continuation for either trend. (No volume means this not a proper supply/demand zone even for market makers)
- Crypto Winter - A state of the market that is quite similar to the Volume Void and its characteristics and as well as unpredictability along with the sentiment being cold, dark and depressing. This is an area of intense lack of disinterest for most protective retail investors and other outside audiences, but a potential gold mine of opportunity for visionaries.
- DCA - Dollar Cost Averaging, a financial strategy that protects an investor from random volatility overtime by averaging out their inputs in a timely manner and proper price levels with respect to the possibility that the markets will continuously rise in the longest of terms alleviating any short-term paper losses.
- Support - A back-tested market maker level of demand.
- Capitulation Wicks - A sudden move of downward price movement that embodies panic selling from retail investors exiting their positions from the extended periods of decline. This is usually manifested with huge red candles that will later on be identified as either "a complete dump" or "a dragonfly doji".
- Liquidity Grab - An action by market makers building structure on the charts by getting out of consolidation to more available profit areas of price levels.
- Squeezes - Long or Short squeezes are sudden market maker movement manipulations where they liquidate overleveraged traders from their positions entirely or by triggering their stop losses only to later on continue the same trend afterall.
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JUPITER LEVELS
The first layer which is the 13,500-14,000$ level is first expected level of high volume support after a potential dump from 16,000$. This area has been shown in "Volume Profile" to have very high and intense volume which means this area is a potential demand level, but if this area fails to hold then this will surely be a very strong resistance or potential future sell-off. After dumping to this area, it is MORE LIKELY that a dragonfly doji will be formed which means a complete rejection to further downside in the immediate short term. The long bottom shadow of the candle also represents a trigger from all of the buy orders placed in that level sending the value high temporarily with a high probability of re-testing the same level in a couple of days or weeks to back-test its legitimacy of acting as a support.
The second layer which is the 12,000-13,499$ level is often regarded with high volume which means this is also acting as an immediate short-term demand level or a capitulation area where it could manifest as a dragonfly doji when suddenly visiting here. This area, acting as a support, can also act as a sell-off (resistance when under) which means consolidation in this range is very unlikely. DCA in this area is also bad since this level is completely unreliable to hold both ways (bullish or bearish), it is recommended to DCA on areas with consolidation. This area also serves as a level where fundamentals really matter since if the smart money markets are bullish, this will serve as a continuation to the upside and if they are bearish, a sell-off here is more than likely.
The third layer which is the 10,500$-11,999$ level has no potential volume and is often regarded to be lacking strength in consolidation therefore this is not a good DCA level as it is not a reliable support. There is also a tendency for fake-outs since 10,000$ being a psychological number, market makers can create squeezes in both directions to bait paper traders to switch bias instantly.
The fourth layer which is the 8,350-10,499$ level has a decent amount of volume in the past reference of volume profile. The consolidation in this area is very high and would most likely have a higher chance of acting as a proper demand level where DCAs here are much more efficient to hold than 12k. This consolidation area is also a good scalping area. A definite and most recommended level of trading activity. Fake-outs can still happen, but due to consolidation, you have more confirmation candles to deal with.
The fifth layer which is the 6,000$-8,349$ level has very low amount of volume similar to the Void since the interest here is already low. This is a good DCA level in a technical standpoint due to a potential consolidation, but due to low volume the consolidation formed will be big and will often be a result of market maker manipulation to bait investors of thinking that it is now doomsday (dumping below 6k) and rocket time (going to 10k and potentially breaking it). This is not a good trading area overall, but an investor area.
The sixth layer which is the 6,000$ level and below is what we know as Crypto Winter. The activity here is very, very low and will probably only get you decent profits at very high leverage for small price movements which is very risky. This is an investor's paradise, not ideal for most traders. Due to low volume, manipulations wicks and squeezes are likely to happen.
That is about it, I hope you guys enjoy this, and you might be asking why is this a contigency chart, well since the odds of a potential downturn is more than likely due to lots of negative macro-economic factors, this will serve as a future emergency chart of reference where you can mitigate paper losses by having paper hands and knowing when and where is a good opportunity to really buy. Remember to DCA properly, not every 1,000$ drop. Thank you and don't forget to like, share, and comment!
-Wamses
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