BTC dominance ready for testing 44.40 %
hello dear traders
this is advanced price action of bitcoin dominance
Where Will Quasimodo Generally Appear?
Quasimodo pattern appears at all time frames. It occurs always after a significant rally. Then the market is manipulated to create liquidity. Where the retail traders are captured, the profitable trading opportunity is created there. Quasimodo is very reliable if used properly and can be seen on every timeframe from daily down to 1 min charts.
What Should Be Remember To Trade QM Efficiently?
Always look for fresh Quasimodo Demand/Supply zones, which are not tested yet.
Make sure the distance between QML and MPL is not too high. If the distance is so high, risk will be increased and the Risk Reward Ratio will be poor. So, when the zone is small, the risk is also small and the expected reward is big.
Never ignore level over level.
QM is more powerful when an authentic opposite zone is engulfed.
You can enhance your day trading strategies using this price action pattern.
good luck
this is advanced price action of bitcoin dominance
Where Will Quasimodo Generally Appear?
Quasimodo pattern appears at all time frames. It occurs always after a significant rally. Then the market is manipulated to create liquidity. Where the retail traders are captured, the profitable trading opportunity is created there. Quasimodo is very reliable if used properly and can be seen on every timeframe from daily down to 1 min charts.
What Should Be Remember To Trade QM Efficiently?
Always look for fresh Quasimodo Demand/Supply zones, which are not tested yet.
Make sure the distance between QML and MPL is not too high. If the distance is so high, risk will be increased and the Risk Reward Ratio will be poor. So, when the zone is small, the risk is also small and the expected reward is big.
Never ignore level over level.
QM is more powerful when an authentic opposite zone is engulfed.
You can enhance your day trading strategies using this price action pattern.
good luck
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.