BTCUSDT | Analysis 04.08.22
Updated
4H - HTF BEARISH
FAIR PRICING RANGE (EQ)
*Kindly recommend to watch and genuinely study all the trades I posted to see the needed similarities and objetivity, to easily understand the mechanical thought process behind correctly analyze every market/instrument.
No indicators neither price action and chart patterns subjetivity, no unuseful retail strategies.
*SEE THE MARKETS HOW PROFESIONAL TRADERS & INSTITUCIONS DO, EVEN IF YOU ARE A RETAIL TRADE. ONE CAN BE A PROFESIONAL TRADER AND AS THE SAME TIME IS A RETAIL TRADER.
I'm referring to the manner, not the money quantity one is placing onto a broker.
*Judge me in the next 10 trades, and see how profitable is this philosophy by yourself.
King regards,
FAIR PRICING RANGE (EQ)
*Kindly recommend to watch and genuinely study all the trades I posted to see the needed similarities and objetivity, to easily understand the mechanical thought process behind correctly analyze every market/instrument.
No indicators neither price action and chart patterns subjetivity, no unuseful retail strategies.
*SEE THE MARKETS HOW PROFESIONAL TRADERS & INSTITUCIONS DO, EVEN IF YOU ARE A RETAIL TRADE. ONE CAN BE A PROFESIONAL TRADER AND AS THE SAME TIME IS A RETAIL TRADER.
I'm referring to the manner, not the money quantity one is placing onto a broker.
*Judge me in the next 10 trades, and see how profitable is this philosophy by yourself.
King regards,
Trade active
Note
Price started to bleeding, nevertheless it can go to the entry point again as to gain downside strenght to continue the movement to the downwards aggressively. If the 4H candle close below the previous lower low, the confirmed bearish area to continue further the movement will change, been the highs above the sell limit area where I took the short, the area which will be at the extreme of the premium pricing range (best price zone to take shorts, not every trade offers that possibility. EQ is really great and offers high strike rate when applied correctly).
*By the way, apologies to grammatical issues (past/ futures) cuz sometimes some mishaves occurs (mobile/computer/apps). I will keep you updated.
Note
Position moved to breakeven, completely risk free trade. Conservative approach.Trade closed manually
Note
Price is moving with the intention to fill up the supply area after the close below the weak occured. Out of the position to reenter once again.
Breakeven after all; + 1,1R.
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