BitcoinLong
BTCUSD Long
Super pissed this trade actually happened at 7:45am AEST whilst I was watching Youtube in bed. To make matters worse I didn't have my live accounts setup so I missed it altogether.
From the standpoint of my strategy I should have taken the trade in the part of the Wyckoff Structure on the 15 minute chart closets to the 4 hour SMA. In terms of Wyckoff events this could have either been the LPS within the greater range or the first BUA major SOS outside of the range. This analysis does not take into account any volume information, and depending on whether there is a lot of volume coming in (which I don't know at this stage) we may see some testing action (in terms of interim pullbacks).
From the standpoint of my strategy I should have taken the trade in the part of the Wyckoff Structure on the 15 minute chart closets to the 4 hour SMA. In terms of Wyckoff events this could have either been the LPS within the greater range or the first BUA major SOS outside of the range. This analysis does not take into account any volume information, and depending on whether there is a lot of volume coming in (which I don't know at this stage) we may see some testing action (in terms of interim pullbacks).
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.