After hitting my 1:13RRR, wait to re-enter a buy/long again on our key level of support. Consider: Divergence Key Level 0.618 Level 3 Important Candlestick
Seeing a changing behavior of a downward trend respecting our trendline support. break of structure and waiting to retest our key level of support. (grey box) SL - it depends on the lower structure of the trend. TP 1 - first resistance level get some profits TP 2 - resistance key level
Parallel Channel Pattern. Waiting to react on our Resistance Key Level.
Resistance Key Level Breakout resistance (orange line) and possible retest on 41.7k, respecting our trendline support to continue the bullish sentiment. Short if breaks ________? Long after the ________? Comment down your thoughts and answer the above question. hehe
Daily TF seeing a Double Top and Confirmed Bearish Engulfing Candle on previous candle. So my BIAS here, a big role of a key level on 39kish, it could be forming a Higher High for continuation of bullish sentiment. or Breaking the key level of support and returning 35kish Major Support level.
As of now, No clear structure. Possible movement but not 100% just wait for clear BIAS, structure and behavior of the candles. Choose your Quality Trades rather than too many trades but not profit every trades it will exhaust you in the market. WAITING can make you avoid the IPIT and Big gains are made in the waiting. Example of waiting, remember those days...
As you've seen in the chart. Both are on the Resistance Level. So the key here is to plot fibb retracement from high to low. The first trend on the resistance level are seen the trend creating a 2 bullish candles before touches our 618 level. And the second trend on the resistance level different before you'll never see the retracement when you stick to 1hr TF....
Wait to retrace on our bounce area, breaking our support level on 15mins TF. and a possible changing direction.
I tried this recorded live trading so that you can see how I interpret the market and how I reacted on every candles and trend forming. Possible a 1:44 Risk Reward Ratio This kind of set up is not 100%, maybe we hit SL or TP but we're in the probability game. Comment down your thoughts on my trade? Will post the updated SL or TP Hit after the trade...
Identifying Key Level Market Behavior Candle Reading Evidence and Confirmation Agree Scalping 1min Time Frame. Put 1:4 Risk Reward Ratio Profit!
In this chart you will how if you are a profitable trader or not based on your Winning rate and how to manage your RRR. Risk and Reward Ratio (RRR) falls under the umbrella of Risk Management. To trade the financial markets, a portion of your funds will be at risk. What risk management does, is ensure you only take the right risks to help you achieve your goals....
A breakout retest big play move based on 4HR TF BIAS. Supporting our Major Support level Consolidating and weakening of the trend (Sellers) Create a Change of Behavior (Incoming Buyers) Wait to create a Higher Low or a bounce on 0.618 Level. Almost hit my SL before it pumps! 0.21271 End of Wick 0.21270 SL (Medyo kinabahan ako dito) hahaha 1:21 RRR Sell on...
Sharing my entry yesterday. I also posted this coin to wait for confirmation to entry. Support Key Level Create a Higher Low structure on a 15mins TF. Set SL on below structure. TP hit my 1:6 RRR
Waiting for a good entry. Support Level on a higher TF. Divergence and weakening of the trend. Engulfing Candle Need to test the sellers price. Wait an COB.
if this bullish sentiment agree. Here are the possible direction of the trend. Di ko na sasabihin kung san pero kung nasusubaybayan mo mga trades/TA ko alam mo na kung saan. Basic Support and Resistance na lang yan.
BTC on the key level seeing a weakening of a bearish trend and a possible pump maybe later or tomorrow. Wait to Change of Behavior/Structure for possible Buy long entry. Retest is the key for those who are conservative trader. Btw, Thank for watching my private stream recently for the updates on BTC and other alt coins.
Key points on Possible bullish Sentiment: -Monthly Candle Breaking our previous Monthly candle(January) in Fibonacci 0.618 Waiting for the closing candle of current candle that above our previous resistance on 43k A possible retracement on 39k before going up (with confluence of wick rejection and behavior) BTC GAP EMA 50 & 200 Bullish Cross lot of...
After breaking our Major trendline resistance and retracement a lower high on a higher time frame. To see the possible change of behavior or structure on creating a higher low on 0.618 level. and a inverted head and shoulder to create a big movement in the upcoming days. For me, Wait to bounce on our 0.618 level for possible buy entry.