BTC To $38830/highr or $37,500/lowerSo for waiting on either of 3 specific scenario to happen before taking an entry. It's a more refined strategy combining some keys things that provided me with high probability setups.
1. For long scenario my target would be $38,830 or as high as $40k. So wouldn't immediately close at $38,830 but would take 50% profit for sure. Entry would be around current price after I see a particular confirmation.
2. For 1st short scenario .
Entry around $38,700 area after a particular confirmation and target $38,200
3. Or Short Entry under $38,250 if bulls fail to hold and target $37,500 or lower
All scenarios offer Great risk to reward of at least 3:1 with good stop placements. No, need to go lower for sniper entry, if anything I'll go higher tf to glance at what's happening overall and just to keep in mind amount of time left in a particular htf candle but main focus will be on 30 minute tf.
Also, I purposely hide some stuff from my chart but no indicators, just some things I don't feel comfortable revealing. Call it gate keeping or whatever. Anyone trading for a good while might have a clue.
Risk for these trades is 0.25% Right now, I tend to size down from .5% If I have a few back to back losses and size up to max 1% when things are going well. So for all those people who think I'm going to get liquidated because of a few trades, am not your guy lol, I'll be here for a while Mfers.
Also Important news happening now. With a few more to come. So careful might get violent spikes.
