BTCUSDT - Consolidation
Hello guys!
Finally, we continue downwards, it's high time to do another analysis.
I am preparing for two scenarios:
1) The price will accelerate and break through our marked demand zones like nothing and this will create a very strong resistance for the future at a higher TF.
2) The price will slow down and a potential consolidation on the D TF will begin - I am currently preparing for this option.
BTCUSDT, here as you can see I have marked the supply and demand zones that I would like to trade if we get into them, we are currently set for a potential consolidation at D TF, so I am waiting for the marked demand zones to be reached and then a subsequent purchase. Always be careful, shorts are much stronger than buys.
IMPORTANT WARNING:
---------------------------------------------------------------------------------------------------------------------------------------------------------
Rebounds from marked zones created by trading positions of large institutions such as banks or various financial funds may not create new HH or LL and therefore it is very important to collect partial profits at least according to these rules. This will help you to keep your equity curve constantly growing and protect your funds from big drops if the price unexpectedly turns against you. But the decision is only in your hands.
I personally prefer setting up multiple TPs , here's an explanation:
1) 1:1 allows you to take a 50% position and thus secure a balance against loss in case the market turns
2) 2-5 :1 means profit (25% trade volume ), after reaching this TP I move SL to BE
3) 5-10 :1 means bonus money with rest of trade volume (again 25%)
Money is lying on the ground, just bend down for it! Be patient and wait for the price to reach a strong zone and open a position!
Finally, we continue downwards, it's high time to do another analysis.
I am preparing for two scenarios:
1) The price will accelerate and break through our marked demand zones like nothing and this will create a very strong resistance for the future at a higher TF.
2) The price will slow down and a potential consolidation on the D TF will begin - I am currently preparing for this option.
BTCUSDT, here as you can see I have marked the supply and demand zones that I would like to trade if we get into them, we are currently set for a potential consolidation at D TF, so I am waiting for the marked demand zones to be reached and then a subsequent purchase. Always be careful, shorts are much stronger than buys.
IMPORTANT WARNING:
---------------------------------------------------------------------------------------------------------------------------------------------------------
Rebounds from marked zones created by trading positions of large institutions such as banks or various financial funds may not create new HH or LL and therefore it is very important to collect partial profits at least according to these rules. This will help you to keep your equity curve constantly growing and protect your funds from big drops if the price unexpectedly turns against you. But the decision is only in your hands.
I personally prefer setting up multiple TPs , here's an explanation:
1) 1:1 allows you to take a 50% position and thus secure a balance against loss in case the market turns
2) 2-5 :1 means profit (25% trade volume ), after reaching this TP I move SL to BE
3) 5-10 :1 means bonus money with rest of trade volume (again 25%)
Money is lying on the ground, just bend down for it! Be patient and wait for the price to reach a strong zone and open a position!
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