Hey everyone!
So many setups developing in the market right now.. It's actually quite crazy
I present you a valid upside setup on #OSTBTC with a good Risk-Reward-Ratio, valid Fibonacci as well as nice balance - shown in blue.
When I mention 'balance' I mean this: the drop from our 1H to 1L is steep and quick, whilst the decline from our 2H to 2L is gradual. I like to think about it as fearful sellers getting out on the first downward impulse, and the second impulse is comprised of mostly impatient sellers who want to allocate their money somewhere else.
Either way, both of these are critical as this allows for the weak hands to get out and enables the market to move to higher levels in the future as a lot of the selling pressure has disappeared during the consolidation period.
So here is, a beautiful, textbook setup in OST
Take care,
Vlad The Crypto Trader
So many setups developing in the market right now.. It's actually quite crazy
I present you a valid upside setup on #OSTBTC with a good Risk-Reward-Ratio, valid Fibonacci as well as nice balance - shown in blue.
When I mention 'balance' I mean this: the drop from our 1H to 1L is steep and quick, whilst the decline from our 2H to 2L is gradual. I like to think about it as fearful sellers getting out on the first downward impulse, and the second impulse is comprised of mostly impatient sellers who want to allocate their money somewhere else.
Either way, both of these are critical as this allows for the weak hands to get out and enables the market to move to higher levels in the future as a lot of the selling pressure has disappeared during the consolidation period.
So here is, a beautiful, textbook setup in OST
Take care,
Vlad The Crypto Trader
Order cancelled:
Idea invalidated as the Stop Loss was run before the trigger.