📚ETHBTC there is a play for each outcome!📚
Trying to combine education with market analysis in the following post.
Planning the trades for the following days on ETHBTC. Two scenarios coming into my mind. I will analyze both thoroughly. Both scenarios take into consideration the Daily close. I cannot stress out how important a Daily close is to form a bias for the following moves.
Scenario 1. Close as inverted hammer . In this case, having taken liquidity on the upside price will gravitate towards lower levels. Optimal play is to let price close bellow support the next day, then on the third day, try shorting this resistance down to the demand zone (red box).
Scenario 2. Normal daily close above support and above previous day's high (34075). In this case we have a confirmed resistance turned into support. Now every pullback near this support is a long setup. Go into lower time frames and "frame" your entry. Target upside liquidity!
https://www.tradingview.com/chart/ETHBTC/cNZfqM3l-ETHBTC-there-is-a-play-for-each-outcome-crypto-education-eth/
Trying to combine education with market analysis in the following post.
Planning the trades for the following days on ETHBTC. Two scenarios coming into my mind. I will analyze both thoroughly. Both scenarios take into consideration the Daily close. I cannot stress out how important a Daily close is to form a bias for the following moves.
Scenario 1. Close as inverted hammer . In this case, having taken liquidity on the upside price will gravitate towards lower levels. Optimal play is to let price close bellow support the next day, then on the third day, try shorting this resistance down to the demand zone (red box).
Scenario 2. Normal daily close above support and above previous day's high (34075). In this case we have a confirmed resistance turned into support. Now every pullback near this support is a long setup. Go into lower time frames and "frame" your entry. Target upside liquidity!
https://www.tradingview.com/chart/ETHBTC/cNZfqM3l-ETHBTC-there-is-a-play-for-each-outcome-crypto-education-eth/
TradingView
ETHBTC there is a play for each outcome! #crypto #education $eth for BINANCE:ETHBTC by AlphaTradeZone
Planning the trades for the following days on ETHBTC. Two scenarios coming into my mind. I will analyze both thoroughly. Both scenarios take into consideration the Daily close. I cannot stress out how important a Daily close is to form a bias for the following…
📊 #Education #Crypto #TATIP 📍
📌 #Orderblocks and how to #trade them:
#Bitcoin
https://www.tradingview.com/chart/BTCUSD/QyqxW8kR-Bullish-Orderblock-and-how-to-trade-it-crypto-tatip/
📌 #Orderblocks and how to #trade them:
#Bitcoin
https://www.tradingview.com/chart/BTCUSD/QyqxW8kR-Bullish-Orderblock-and-how-to-trade-it-crypto-tatip/
TradingView
Bullish Orderblock and how to trade it! #crypto #tatip for COINBASE:BTCUSD by AlphaTradeZone
Bullish orderblock, known also as Demand zone.
You will have seen many times marking those blocks on my charts and calling them either orderblocks or demand zones. What are those areas?
Those areas act as levels of liquidity for bigger players (whales) that…
You will have seen many times marking those blocks on my charts and calling them either orderblocks or demand zones. What are those areas?
Those areas act as levels of liquidity for bigger players (whales) that…
#BITCOIN #EDUCATION #TATIP
Let's see how our Bitcoin trade is developing from the above post. This you need to take as an educational realtime example how a trade develops. Let's observe price reaction on the outlined levels.
Entries have been achieved at top of the block.
Our stoploss will be exactly at it's bottom.
Targets for the entries will be at first resistance area for BTC.
And we will be taking short entries if we break below the orderblock and RETEST it this time as resistance from below. Check out chart for clearer visibility on the situation.
https://www.tradingview.com/x/W4o9ZTaY/
Let's see how our Bitcoin trade is developing from the above post. This you need to take as an educational realtime example how a trade develops. Let's observe price reaction on the outlined levels.
Entries have been achieved at top of the block.
Our stoploss will be exactly at it's bottom.
Targets for the entries will be at first resistance area for BTC.
And we will be taking short entries if we break below the orderblock and RETEST it this time as resistance from below. Check out chart for clearer visibility on the situation.
https://www.tradingview.com/x/W4o9ZTaY/
#BITCOIN #EDUCATION #TATIP
Update on our last setup on the #bullish #orderblock pattern.
📌 Just as any other #trading strategy is not 100% accurate and bringing profits, this one failed this time. However what is important for you if you want to become a profitable trader over the long term is to learn how to apply the same strategy multiple times accross the chart and record your trades every time you do so. Only by doing so you may start seeing the profitable trade executions multiply.
What happened to our trade?
👉 We got a liquidity grab right below our bullish orderblock level, big long wick, to collect liquidity from stops like ours only to see price pushed back up in the block.
✌️This is why it is important to start your trading Journal and record your progress. More on that to follow up on our next posts. Stay tuned.
🛑 As we have discussed on our Discord server chat - we will be here so we help to grow and evolve as a community of traders. This is the sole purpose of AlphaTradeZone and why we started our platform in the first place.
Giving you signals and feeding you helps to a certain extent, but in order to be a long term winner, you need to invest and dedicate some time in growing your pool of knowledge. Only way to keep you up longterm.
We are here to give you a hand on the way UP!
https://www.tradingview.com/x/PBAAowoC/
Update on our last setup on the #bullish #orderblock pattern.
📌 Just as any other #trading strategy is not 100% accurate and bringing profits, this one failed this time. However what is important for you if you want to become a profitable trader over the long term is to learn how to apply the same strategy multiple times accross the chart and record your trades every time you do so. Only by doing so you may start seeing the profitable trade executions multiply.
What happened to our trade?
👉 We got a liquidity grab right below our bullish orderblock level, big long wick, to collect liquidity from stops like ours only to see price pushed back up in the block.
✌️This is why it is important to start your trading Journal and record your progress. More on that to follow up on our next posts. Stay tuned.
🛑 As we have discussed on our Discord server chat - we will be here so we help to grow and evolve as a community of traders. This is the sole purpose of AlphaTradeZone and why we started our platform in the first place.
Giving you signals and feeding you helps to a certain extent, but in order to be a long term winner, you need to invest and dedicate some time in growing your pool of knowledge. Only way to keep you up longterm.
We are here to give you a hand on the way UP!
https://www.tradingview.com/x/PBAAowoC/