btc is now up a comfortable profit (30%), will be shifting my SL to entry to make it risk free as well 🥳

risk free trades are the best because you only stand to gain with no drawdown!!

important tip here in trading #tips

W trades on ENJ and BTC!

current channel stats

10 trades, 8 wins 2 break evens 0 losses

cheers!

will be compiling an excel sheet to share 😊

btc approaching resistance here,

so taking some profits!

stopped out btc at sl+ !

ENJ still in comfortably

Apologies, missed out the swing trades.

Quick look at the channel's trade record thus far, will be updating constantly!

thanks for being here :-)

to the top with you,
cheers!

copy for download!

here's a first look at Wyckoff price action theory

a super useful theory and if mastered well, you'll be able to be very profitable in the long run

try searching and reading up on it if you can

and no worries, i'll be sharing some lessons on Wyckoff as well in the coming days!

Fun fact: Wyckoff is actually applicable to all timeframes and can be seen as well!

btc 15m tf yesterday

you can also see wyckoff playing out nicely

top two circles shows SOS

while the bottom circle is the spring followed by LPS upwards

if you can master wyckoff well, you'll be very profitable as you're trading alongside the composite operators 🥳

not in any trades now,

market isn't stable enough for me

not until i see confirmation

there was some very interesting market movement though,

someone pushed price all the way down, but not low enough to trigger a sell-off by the market

this tells me the bulls are still in charge here

btc 15m tf

you can take note of the price line too

i had charted a price line at 35238 where I labelled "sells lower range"

because if the candle had closed BELOW that line, I would have shorted and so will the market

it's the line that would very likely trigger a sell-off sending btc back down

but it closed JUST above it.

the immediate candle following was the bulls fighting back hard (long top wick) and the bears trying to push it back down below to line to trigger the sell-off

but the bulls were strong enough to hold the line

#analysis

i'd say this is very interesting price movement

why 35238?

35238 is a very strong support that led btc to the 36k rally last week (left side) a green candle close above it sent prices flying up

it was also a very strong resistance that led to btc's sell off when price couldnt close back above it (right side)

#analysis

it's such a strong level whether support or resistance

hence, a close below it would've triggered a sell-off and i would have shorted as well

but it was defended well by the bulls, also reinforcing the point of strong support :-)

with that being said, i'm still bullish on btc as the bulls have defended well

hence, mainly looking for longs

entered btc long cmp

SL - 35220

#trades W