This is BTCUDT 1 hour frame long position. As per my setup it has given a long entry breaking previous swing high and now that is acting as support. Targets are marked with yellow lines upside. The structure is simple with finding Demand & supply zone. I always prefer horizontal support as I do not find trendline useful my style of trading. The RR is always 1:5 +...
As per my setup we can see that market has given a breakout. R-R is 1:5+ in each and every trade.
going long on support. Time frame is 15 min. Took an entry on retest with just 40 points Sl for the target of 600 points. Will keep trailing Sl using 1 min frame in case if the trend has reversal. Just a basics knowledge of Support/Resistance or Supply/Demand with any indicator that to me mastered thats all we need.
Price is overbaught .making lower highs qnd lower low at 4 hour. We might see continuation down before any major up m9ve. On daily price will thus give downside correction.
As per my setup 1 hour short trade is placed near the resistance post the breakdown has been done with a large candle. So my R-R is not good here if I enter right away at ay candle as trading is 90% psychology with Risk management without FOMO. I have placed a short order near the resistance area if the price reaches there for retest would be a good thing & if not...
Took an entry after a retest as this always works to enter any trade if there is a long candle after its retest so that if our SL is triggered it is always small and enough for us to be confident to enter another trade without any hesitation. The horizontal line clearly points out the supply zone as per my setup. I avoid news, other traders analysis to trade so...
1 HOUR FRAME BREAKOUT. Waiting for retest to enter with a SL of 300 POINTS & 1000 + POINTS target The longer timeframe higher the patience is. The key to any analysis is the patience and a proper trading plan. Had been waiting for this move on higher frame.
After yesterday's swings, the zone for Bitcoin today is relatively wider however I believe there's a good chance that might witness a good breakout today. Let's see what's actually in store for us. I'm not quite sure about the direction though. But does that matter? Not at all - because I have a system that helps me figure which direction to trade in. I don't have...
Reversal expected n BITFINEX:BTCUSD COINBASE:BTCUSD BITSTAMP:BTCUSD COINFLOOR:BTCUSD Reversal expected now Rationale 1.Potential reversal zone matches with lower margin of cloud 2.demand shortage started on weis wave 3.guts n blood