Bullish pump or just another inducement?????
What up Retail Whales
Outlook on BTC current situation. We had a bullish pump on the CPI data yesterday which has created another inducement from the Whales showing us triple top liquidity.
My PROBABILITY for an upcoming short trade will be a purge of this triple top liquidity which will fill the 2Hr Imbalance, (RISK ENTRY 1) if we don't get the reversal from that zone we can scale into the trade at the higher liquidity zone where we know Retail Traders have their stop losses and whales will be looking to purge. (RISK ENTRY 2)
Our third short entry will be on the confirmation of the LTF Break of Structure (CONFIRMATION ENTRY)
Scaling In Short Trade
- Risk Entry 1 (1%)
- Risk Entry 2 (1%)
- Confirmation Entry (1%)
Alternatively a 3% confirmation entry is the low risk trade on the table here.
Remember we are trading Human Emotions and Probabilities.
Outlook on BTC current situation. We had a bullish pump on the CPI data yesterday which has created another inducement from the Whales showing us triple top liquidity.
My PROBABILITY for an upcoming short trade will be a purge of this triple top liquidity which will fill the 2Hr Imbalance, (RISK ENTRY 1) if we don't get the reversal from that zone we can scale into the trade at the higher liquidity zone where we know Retail Traders have their stop losses and whales will be looking to purge. (RISK ENTRY 2)
Our third short entry will be on the confirmation of the LTF Break of Structure (CONFIRMATION ENTRY)
Scaling In Short Trade
- Risk Entry 1 (1%)
- Risk Entry 2 (1%)
- Confirmation Entry (1%)
Alternatively a 3% confirmation entry is the low risk trade on the table here.
Remember we are trading Human Emotions and Probabilities.
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.
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.