BTCUSDT With more polymarket whales betting on a Trump win, Trump's odds rebounded significantly to 60% and are currently at 58%. Harris has a 41% chance of winning, about 17% less than Trump
As expected today's trade stayed true to form with the Monday consolidation and volatility on full display.
As mentioned this is the time when I stick to the trend no matter what.
Today's entry was based on the H2 HL was at 19,930.20.
I did mention that my rationale for sticking to the trend during consolidation periods is that although the moves are tedious and slow...the trend always wins and it requires quite a bit of patience to see these trades through.
The good thing is that based on my entry, the trade has remained in positive territory throughout the entire session.
Structure has still been upheld and we have a true consolidation with price bouncing from the High and Low of Friday.
What am I looking for?
1. I am still holding my buy bias and will TP if there is rejection on the larger timeframe.
2. Still trading my HL to my highest high on my active timeframes.
There is still one vital piece of validation that I must see before adding more buys.
Massive supply block above the range with buyers trapped above volume profile Point of Control (dashed white line)
The bearish block that got traded through was supposed to give bears a way out as price travelled back into it but they held their positions short meaning none of them really got scared by the rally above that block
We can assume this is an institutional shorting block and they want a better point to long from down below
There are clear targets in sellside with no bullish imbalance to halt price from dropping until the 19,000 range
You know if people spent more time analyzing the markets instead of trying to prove others wrong... maybe you would just realize the simple steps you might have missed...
I will repeat...
If a posts doesn't address you...
You have no right to try and determine the content...
You can keep scrolling... Stay in your lane and work on your craft and become a better trader.
You cannot suggest an improvement to a process that you do not even understand the foundation from which it was built.
I do not have a trading club I charge no fees I just trade what I see and share my findings on this public space...
Peter Lynch said; "Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves.β
One of the most tiring feelings is anticipation of the market to go one way and trading your bias and each hour price consolidates and slowly goes in the other direction...
Here is a tip for you.
If you enter a trade during the consolidation phase and each time it consolidates you remain in the red... it is never a good sign.
The market gives you multiple opportunities to redeem yourself.
However because of your bias you will begin to see moves that really do not exist.
Trade the trend...
The trend is your friend...
Trend is set by your largest timeframe... the lower timeframes only execute the preset instructions...π€·πΎββοΈπ€·πΎββοΈπ€·πΎββοΈπ€·πΎββοΈ