BTC - AND WHERE IS IT GOING? SHORT? OR LONG?
Quick little easy look at the chart. Analysis don't have to be compicated all the times with 10000 indicators and so on.
Sometimes the best thing to do is delete everything on your chart and start with de basics!
We can see a clear ih&s pattern and history on btc teaches us that those patterns are likely to breakout the opposite way. In my opinion thats just because to many retail traders are keeping their eyes on those patterns.
What we often see is a trick from the whales, they break out to the upside to trap the "confirmation traders" and before they can even place their SL on profit they dump it. What do we do? We wait sit back and relax. The moment we see the breakout happening we keep a close eye on our indicator (tradingview.com/script/Y3x3HBAn-SecretSauceForLife-X1/). When we see exhaustion of the buyers we enter short, and we enter BIG. With a very tight SL incase they decide to follow the rules and reverse the trend. This way you always have the BEST possible R.R ration and in the long run you will find yourself much more profitable.
Let me know what your opinion is about this chart and if you have another view show it in the comments!
Sometimes the best thing to do is delete everything on your chart and start with de basics!
We can see a clear ih&s pattern and history on btc teaches us that those patterns are likely to breakout the opposite way. In my opinion thats just because to many retail traders are keeping their eyes on those patterns.
What we often see is a trick from the whales, they break out to the upside to trap the "confirmation traders" and before they can even place their SL on profit they dump it. What do we do? We wait sit back and relax. The moment we see the breakout happening we keep a close eye on our indicator (tradingview.com/script/Y3x3HBAn-SecretSauceForLife-X1/). When we see exhaustion of the buyers we enter short, and we enter BIG. With a very tight SL incase they decide to follow the rules and reverse the trend. This way you always have the BEST possible R.R ration and in the long run you will find yourself much more profitable.
Let me know what your opinion is about this chart and if you have another view show it in the comments!
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