First Half of the Year Comes to an End.
Thanks for giving me the opportunity to share my stupid Opinions.
You have shown extreme love towards me, more than I deserve.
Thanks for helping me become a non-depressed individual.
I promise to keep sharing whatever I learn, forever.
๐๐ ๐ฎ๐ฐ๐๐น๐ ๐๐ ๐๐ฒ ๐๐ป๐ฎ๐น๐๐๐ฒ๐ฑ ๐๐ต๐ฎ๐ ๐๐ถ๐๐ฐ๐ผ๐ถ๐ป ๐ ๐๐๐ ๐๐๐บ๐ฝ ๐ฏ๐ฒ๐ณ๐ผ๐ฟ๐ฒ ๐๐ผ๐ถ๐ป๐ด ๐๐ฝ, ๐ถ๐ ๐๐ฎ๐ฝ๐ฝ๐ฒ๐ป๐ฒ๐ฑ ๐ฅ
Congrats if you read the analysis and took the trade.
If You didn't, It's Okay because Crypto gives a 100 New Opportunity Everyday.
If I had to learn trading again, For 3 months
1. Risk only 0.5% a trade. Focus on cutting losses.
2. Trade a lot but only enter when 'Established' system signals to enter.
If this works,I would slowly increase risk to 1% and keep the same system WHILE having a Job for 1 year.
Also, Nothing that I talk is Unique or too complicated or rocket science.
It's all simple and common sense and you will understand it once you know some Basics shared in the link here-https://t.co/bFwBhjomF0
Don't let someone tell you that any analysis is a very high IQ thing.
Opinion for now.
Using AVWAP, NY open expectation, we either sweep lower to take Monday Low or we take the nPOC above
Stacked imbalance in the candle following the range low sweep.
Personal Entry: AVWAP retest with stop below recent low.
#Bitcoin Price Update Thread.
The Dump was a lot deeper than most expected.
For Scalping, I will start on the 3-4H TF and work my way down to identify the outlier/trend.
IDENTIFYING WHERE PRICE WILL REACT IS EASY, PLACING TP AND SL IS THE ISSUE.
This strategy is Based on OI as an Indicator for the Trend confluence.
Some dum dum YouTube influencer didn't understand it so clarifying.
You can find the indicator from Byzantine General here-https://t.co/22DGiyHivF
I hope you liked this Quick stress free Strategy.
You can Join the Bitcoin Trading Mentorship that I created. It's free and will always be. As simple as that.
Link- https://t.co/bFwBhjnOPs
13. Conclusion:
Monitor the first hour of the new day.
Is the price trading above or below the Daily Open?
If thereโs a strong move backed with volume, expect continuation, if not, expect a retest.
11.Entry:
On the retest of the Fib Golden Pocket, followed by the first change of character (CHOCH).
(Pic 1)
12. SL: below the Fib Golden Pocket.
Target: Last swing High.
(Pic 2)
10. Open Rejection Reversal:
Price gets rejected from the Daily Open then searches to retest a key reference level (VAH/VAL/fib etc)
Bonus Tip:
If we fall straight from the daily/weekly/monthly open, with no upper wick, weโre likely to fill that later.
9. When we add OI to the example,we notice that the price keeps ranging below the Daily Open while OI is moving upwards; this signals sellers are coming in.
Entry: On the retest of the Daily Open.
SL: Right above the Daily Open.
Target: Last area of support or last swing low.
8. Open Retest Rejection:
This is when the price starts off slow below the Daily Open then retests this level and gets rejected.
This is my favourite to trade as it occurs often in crypto and offers a high probability entry with an invalidation above the Daily Open.
7. Hereโs another example I traded with the same strategy.
In the example below, we see the price ranging around the Daily Open level while OI keeps showing momentum.
Once BOS occurs with a high-volume candle, we enter long.
5. Example:
We see a break of market structure with high volume, OI is also shows momentum, triggering a long Entry.
SL would be below the daily open.
If the impulsive move is not backed by so much volume,there is a high chance that the high will be occur in 24 Hours.
4. There are 3 types of Daily Open: Open Trend, Open Retest Rejection, and Open Rejection Reversal.
Daily Open Types:
Open Trend: Price trades above the Daily Open and has a move with a continued strength. In this case, expect a trending day.