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please read the pinned message as well with disclaimers etc.
#tips - for tips on trading
#learn - for knowledge to be a better trader
#trades - for my trades (W - profit, L - loss)
#calls - for predictions
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you can search these hashtags if you want to look back on key messages!
please read the pinned message as well with disclaimers etc.
#tips - for tips on trading
#learn - for knowledge to be a better trader
#trades - for my trades (W - profit, L - loss)
#calls - for predictions
#analysis - for analysis of the market
#grateful - for the kind words i've heard from y'all :")
you can search these hashtags if you want to look back on key messages!
Crypto Mumbles
higher tf view for you guys (4h tf) we can see that BTC is breaking out of the triangle with the most recent close it might be a fakeout so let's wait for the retest before entering #analysis
quick update:
was a fakeout as it failed the retest
back into the triangle
was a fakeout as it failed the retest
back into the triangle
Crypto Mumbles
the area of green box is what i would refer to as the DEMAND zone from previous price data, this is the area where btc always bounces off from be it uptrend or downtrend #learn
demand zone recap ^
it's a few messages so do scroll and read through
it's a few messages so do scroll and read through
Crypto Mumbles
the red circle would be my point of interest likely bounce from support + trendline will be observing do note the price 33785
📈 POTENTIAL TRADE
placing a stop limit long order at 33760 which is actually 33785 on tradingview
(idk why tradingview prices abit off but chart movement is the same so did some zero error there)
if it does not trigger then no trade!
placing a stop limit long order at 33760 which is actually 33785 on tradingview
(idk why tradingview prices abit off but chart movement is the same so did some zero error there)
if it does not trigger then no trade!
this can be risky, because if btc closes below the demand zone there's a high chance of continuous downward movement
but i'm betting on the bulls like me and you to defend it, hence bouncing off the 4h trendline + resistance!
but i'm betting on the bulls like me and you to defend it, hence bouncing off the 4h trendline + resistance!
Crypto Mumbles
📈 POTENTIAL TRADE placing a stop limit long order at 33760 which is actually 33785 on tradingview (idk why tradingview prices abit off but chart movement is the same so did some zero error there) if it does not trigger then no trade!
cancelling my open order here
adjusted the 4h triangle as i tried to chart the touchpoints more accurately
adjusted the 4h triangle as i tried to chart the touchpoints more accurately
Crypto Mumbles
and now we actually see that btc wicked the 4h trendline before bouncing back up respecting the symm triangle
if btc cannot print a lower low (LL), then this might be a point of change in the market structure
#analysis
#analysis
Crypto Mumbles
in an uptrend, what's the market structure?
market structure recap here!
do scroll down a bit
do scroll down a bit
btc 15m tf
clear downtrend, creating Lower Highs (LH), Lower Lows (LL)
hence if a LL is not printed then we might see a reversal if not then choppy movement sideways
#learn
clear downtrend, creating Lower Highs (LH), Lower Lows (LL)
hence if a LL is not printed then we might see a reversal if not then choppy movement sideways
#learn
📈 TRADE ALERT
picking up some btc long at cmp here
super risky trade!!
reasons: failed to break support but closed just above it,
couldn't close a LL - possible change in market structure,
nice RR
#trades W
picking up some btc long at cmp here
super risky trade!!
reasons: failed to break support but closed just above it,
couldn't close a LL - possible change in market structure,
nice RR
#trades W