The Algorithm trader π
One thing u should put at your mind is algorithm usually alert the banks on HTF zones , the banks then check for validation using its surbodinate timeframes .. and what they are looking for is 1 immediate minor structure break 2 consolidation 3 reversalβ¦
Now look at the monthly shaded box reaction on the daily , what do u see ?
Do u see it too ?
Do u see it too ?
The Algorithm trader π
Broken even on this ..BTC is still within it bearish minor structure , should this shaded box be broken to the upside , then bullish possibilities could be entertained , price is currently reacting off liquidity to the left , should the daily candle closeβ¦
650pips and counting π₯Ά
The Algorithm trader π
Possible outlook, drew this down , forgot to post π«
Well not where I predicted , what matters is how I entered ... 130pips taken .. partials taken ..
The Algorithm trader π
Taking advantage of this reclaimed breaker block ...
Take profit met. β€οΈ ... daily time-frame right ?
The Algorithm trader π
Weekly study πββ I would be more comfortable with this if there is an immediate break of the previous high
Caught the buy, hit take profit worth thousands, and now my sell poi 2 was triggered as a snipe and currently falling 30,000 pips ... on a standard account this trade , holding on a long term , damnπ₯Άπ₯Άπ₯Άπ₯Ά
π1
The Algorithm trader π
One thing u should put at your mind is algorithm usually alert the banks on HTF zones , the banks then check for validation using its surbodinate timeframes .. and what they are looking for is 1 immediate minor structure break 2 consolidation 3 reversalβ¦
Htf poised an imbalance rejection
The Algorithm trader π
Am expecting a reaction off here ... Look closely, we are still in a bearish environment,as we are still inside the previous major high, signifying bearing intention is not shifted , so liquidity which could have been seen as it's initial entry level wouldβ¦
I got the sells from the beginning right? .. price is currently falling 650pips from my entry by the way ...
Trading is all about understanding the what the algorithm and the banks are doing ... thats all ... and to crown it all , just don't go below the 4h ...