Countless hours spent testing
totalling 1700+ days of Bitcoin price
here are some everyday levels and stats for everyone to know...
Pd Levels 🧵 ↓ (1/8)
market structure:
reminder - I still cannot stress enough how useful it has been to simplify how I look and track market structure.
I check local structure every morning.
explained ↓
Liquidity:
where there is resting liquidity, there are:
- positions ready to exit (stops)
- breakout traders (new positions)
- liquidations hit
I like to use these zones of resting liquidity for entering the market.
recent example ↓
fast spike vs slow grind:
just because price hits my key level, does not mean I need to trade it.
i prefer faster moves into my level, rather than a slow grinding move.
faster moves will:
- trap traders
- leave excess volume
slow grinds:
- too much opportunity
- lack liquidations
example ↓
@JoelKatz Yep. But if you look back in 2017, the narrative is exactly what we were thinking it would be. That’s all we ever wanted. Cycle TOP probably?