(A)
TF- Multi-W1 or MN
BIAS - Bearish
ENTRY - 8200
SL - 10400
TP - 2300 (Intermediate TP - 5500(Grade AA), 4300(Gr AAA), 2300-1900(Gr AAA))
RR - 2.9
(B)
TF- Multi-MN or YR
BIAS - Bullish
ENTRY - 2300
SL - 675
TP - 14900 (Intermediate TP - 4200(Grade AA), 5400(Gr AAA), 8900(Gr AAA)), 11600(Gr AAA))
RR - 9.7
Lets WnW (Wait n Watch) :)
TF- Multi-W1 or MN
BIAS - Bearish
ENTRY - 8200
SL - 10400
TP - 2300 (Intermediate TP - 5500(Grade AA), 4300(Gr AAA), 2300-1900(Gr AAA))
RR - 2.9
(B)
TF- Multi-MN or YR
BIAS - Bullish
ENTRY - 2300
SL - 675
TP - 14900 (Intermediate TP - 4200(Grade AA), 5400(Gr AAA), 8900(Gr AAA)), 11600(Gr AAA))
RR - 9.7
Lets WnW (Wait n Watch) :)
액티브 트레이드:
I have been asked this many times now, so let me clarify
Q. Is this quick move above breaking the descending TL a fakey or BULL Trap?
A. Short term yes, its indeed a bull trap and bit of confirmation would be closing levels of W1 and MN charts. More confirmation of this being a TRAP would be more faster rise and spike up to sub-10k levels like 8900, without any retrace. So feel free to add shorts till SL levels, if within your risk appetite. R:R ratio will get more better :)
But keep in mind longer TF remains UP and every dip sub 4k remains a buy, in long term (Not worth for a lower TF trader, but again BTC is not really a good trading instrument tbh)
Hope this helps
Q. Is this quick move above breaking the descending TL a fakey or BULL Trap?
A. Short term yes, its indeed a bull trap and bit of confirmation would be closing levels of W1 and MN charts. More confirmation of this being a TRAP would be more faster rise and spike up to sub-10k levels like 8900, without any retrace. So feel free to add shorts till SL levels, if within your risk appetite. R:R ratio will get more better :)
But keep in mind longer TF remains UP and every dip sub 4k remains a buy, in long term (Not worth for a lower TF trader, but again BTC is not really a good trading instrument tbh)
Hope this helps
- Great R:R ratios
- Short is live and Long Limit buy placed (entry can change later depending upon the price action at new lows)
- Short trade will be made free trade (based on the concept i follow, which those who follow me here or FF or TR know well)
- Long trade goes with my fundamental belief in BTC and privacy centric cryptocurrenies like XMR an will be held long term given the non inflationary nature of btc
Lets wnw