
Samchi01
@t_Samchi01
What symbols does the trader recommend buying?
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Samchi01

BNBUSD Looking at the 1Week timeframe, a more responsible timeframe to start a top down analysis on a cryptocurrency pair, the last long green candle evolves from the last created support leaving a fair value gap behind, thereby making that very support zone a valid one. Filling the gap to the demand zone is just the work of the sellers and can be seen as the pullback.In other words, a lower timeframe is required to see clearly the structures produced by the buyers, ofwhich placing your entry on the last created structure and your stop loss slightly below the higher low minimizes your risk and maximizes the return. An instance on the 4Hr timeframe of BNBUSD, same timeframe where the liquidity is clearly visible as well, when the pullback breaks through the trend line(liquidity) into the demand zone, the uptrend just irresistibly continues until it makes a new higher high.

Samchi01

Let me save you the stress of reading long notes that has little or nothing to do with the analysis. It's a simple one, in a bullish trend, as you can see the tight structures on the 30m timeframe that signifies the aforementioned, the last created demand zone tend to be a potential trend continuation constituent, although I'd like to see some liquidity being grabbed by the pullback, cause it gives me a stronger confirmation that the zone where I have my entry is going to be a positive one. Liquidity (i.e Trend line).Do you think Gold has overbought, or probably losing buy momentum? Feel free to share on the comment section 🤗

Samchi01

Well, I analyze and trade the current flow or what you can also call the current price action, looking at the 1 Week Timeframe you can notice a strong buy, leaving gaps behind to be mitigated or filled, once that is achieved by a pullback, BTCUSD will irresistibly continue the rally to make a new higher high. Sit back and watch or do your own research and join the flow, not minding that it has approached the previous high resistance zone, consider what you would have done if there's no candles to indicate the previous resistance, what would you have done currently considering the latest steady movement, Buy or Sell?
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