BTC Short Follow Up to inverted scales chart
Just curious what everyone thinks is the only I published the original range charts I used to devise those trades. I believe I am adjusting my stop since I am not using leverage and really am not worried about it. I know many use leverage is why I set reasonable stops on these ideas. I also understand that for some leverage might be the only way they believe they can build a small account. For some it may work if they have a lot of experience but for most leverage just kills accounts. If no leverage was being used and no liquidations levels were there I wonder how the market would behave? Sorry, that thought just came to me as I was mentioning the risks of leverage. Kind of thinking out loud a bit there. Leverage contributes a lot to price volatility, I know that.
Sorry anyway here is the follow up chart. It's the same just with the scales regular. I locked the PTB ratio on both charts to be able to size the chart to fit the data. Hopefully everything remained proportionate, but it is easy to really mess up a chart when you start messing with those and I did so in a hurry. Enjoy. I believe the more information you have the better decision you can make about anything. By data I don't mean indicators but actual data. Also volume profile I was using for the regular chart doesn't work well on range charts so ignore that. I do believe those liquidations at the suggested new Stop loss would be the end of the uptrend were it to reach that level. Funny how that looks like a supply area now isn't it?
This part of the trade is kind of an experiment. The original long was almost as good as they come in my opinion anyway. That was one of my better trades. I still see price being held up and I believe those liquidations are a big part of it because ultimately they are technically liquidity.
Please share your ideas and opinions. I look forward to hearing peoples thoughts here. I am sure some will have some strong opinions. From what I can see and have seen though it makes sense to me. I might be doing a poor job of explaining it though as I was never teacher, I was always more doing then teaching.
Sorry anyway here is the follow up chart. It's the same just with the scales regular. I locked the PTB ratio on both charts to be able to size the chart to fit the data. Hopefully everything remained proportionate, but it is easy to really mess up a chart when you start messing with those and I did so in a hurry. Enjoy. I believe the more information you have the better decision you can make about anything. By data I don't mean indicators but actual data. Also volume profile I was using for the regular chart doesn't work well on range charts so ignore that. I do believe those liquidations at the suggested new Stop loss would be the end of the uptrend were it to reach that level. Funny how that looks like a supply area now isn't it?
This part of the trade is kind of an experiment. The original long was almost as good as they come in my opinion anyway. That was one of my better trades. I still see price being held up and I believe those liquidations are a big part of it because ultimately they are technically liquidity.
Please share your ideas and opinions. I look forward to hearing peoples thoughts here. I am sure some will have some strong opinions. From what I can see and have seen though it makes sense to me. I might be doing a poor job of explaining it though as I was never teacher, I was always more doing then teaching.
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.