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A potential breakout Hey traders, all is in the chart. I will take a long position here before the breakout. In case there is no breakout, I will stop immediately. However, I have to warn you: This is a greedy approach since I dont wait for neither re-test or breakout candle. On the other hand, the accumulation toward the downtrend always make me confident about breakout. Hence, My strategy will be like this: Now: 25% of my wallet Breakout Candle: 25% of my wallet to increase position size Re-test: 50% of my wallet. That means, I will increase my position size by two times if everything goes perfectly fine. Stay safe.
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Hi traders,I've drawn everything clearly in the chart. I am planning to take a position by the price. That is, if the price hits the nearest supply zone, I will be shorting. If the price makes a wick to the nearest demand zone, I will be longing. So the point is this: BTC breaks out the range. There is a high likelihood of testing to the important levels of that range. Hence, there are two most critical levels I believe. The first level is specified with blue dotted level, Value Area Low, and the second level is POC (point of control). The yellow boxes are distortions, which means price has decided its move but those are trick moves.Nothing is determined. Act as price moves.Stay safeI got in when the candle is closed near the supply zone. I believe, with a good candle (hammer), it is good point for entry.I've took 50% take profit, put my stop loss just above my entry. Now, I will just wait to hit to the drawn demand zone. Even if I get stop-loss, I will be in profit. I suggest the same, take some profit.
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BTC may hit the demand area Everything is indicated in the chart. Basically, BTC moves in a range. It does sometimes distortions which is wrapped by yellow boxes. Along the range, BTC has decreased its volume output, which means the weakness. Hence, IF BTC wants to go up, it would need to accumulate some volume. That means, in my opinion, that it has to provide buyers some opportunity around the closest demand area. Red area: Supply area Green area: Demand area Black lines: resistance or supports. Yellow box: Distortions
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BTC 15m timeframe range possible short Hey traders, I believe the btc moves in a range in 15 min timeframe. Based on this, I am planning to take short position from the POC of the range. For those, who doesn't know what POC is, It is the price level where most trades happened (Point Of Control). Besides that, as you can see from the CVD indicator, the volumes are decreasing. This shows us that people sell more than they buy. Hence, I am going to execute trade as specified.
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BTC could be in a range Hey Traders, I've drawn important levels in the chart. Blue box is the price level where the most trades happened. Based on this, I see a potential range because of the fact that this blue box is the 0.5 level of the potential range area. As you may see in the chart, the volume is low toward the current price in the trend. I interpret this as a weakness in the trend. Hence, it should accumulate some volume. For this purpose, the price may perform in many pattern: upper triangle, range, double bottom etc. Regardless, we can trade on important levels and let the price act. For this reason, I see a short opportunity right now. You may have your shorts but be careful about your position. There could be liquidate hunt above the range area and fall on the 0.5 level of the range. Taking this into account, I will short here with relatively small margin, and if that happens, I will add a little above range high. I will stop 2-3% of my entry. Since I expect volatile movements, I haven't specified short position here due to stop hunts. Decide based on your risk. And then I will have long position, which is specified in the chart.
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Hi traders,TA is indicated in the chart. Do not hesitate to comment your thoughts!Stay safe
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Hi traders,You see BTCUSDT may form a reverse Head and shoulders. It is risky entry. Hence, please be aware of long wicks and always put a Stop-Loss.Stay safeJust expected. I closed the position. I will LONG if the price comes the green area.
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Hi traders,Everything is indicated in the chart. I will take a position on the support level and will SL around green area. I did not specify any target zone because I will carry the position until the clear up-trend is broken.Stay safe.
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Hi traders,As you may see, XRPUSDT may form a symmetric triangle or descending triangle. For both cases, I will take LONG position near the empty rectangle.If it it broken toward below, I will take short at the re-test point.
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Hi traders,We have observed many times that before breakout of any kind of trend, there likely occurs a accumulation, in order words, squeezing. So, I believe ATLASUSD may follow this path.Stay safe.
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