I hate intraday chart trading, because always sucking me out. But this one, I think may good. I'm using my HTF account to play this out. TRADE SETUP Entry : 10.461$ Margin :x10 Target1: 10.625$ (fib 0.23) - 15% profit Target2: 10.800$ (fib 0.5) - 30% profit Stop: 10.422$ ~5% loss with fees Causes here, read my related educational content: How to making...
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I think, everybody need to spending more time to analyse the current market structures before starting to trade. I personally can not trade without these steps, YOU NEED TO UNDERSTAND which circumstances are there on market, before you want to ride some wave. "Why 9.5? Why 12k?" So today I will show you: why BITCOIN moves these levels. If you don't have...
The last fakeout yesterday (2019-08-06) BITMEX:XBT pointed: this rally need more correction time before the next big run (1) The market structure There is a clear red trendline on 4H chart. If you catch this and clone it several times : you can fit to the other lows/highs in the past one month. This gives a clear market structure to us. (2) Many doji...