The Algorithm trader 🏌
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We focus mainly on what actually creates the market "algorithm"
Disclaimer ...!Every analysis sent to this channel are for "educational purposes" not for signals . should u be interested in understanding this algo,
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Study this entry, its worth it ❀️
If and only if price closes below the previous high, .. should we see a full body close above the previous high, btc aims for 500k on the long run .... should we see a full body close below the previous high, its a crash to 15k , 10k , 3k ...
Give it days to show its hands ...
This weeks closing is really crucial
The Algorithm trader 🏌
Two levels considered for bearish reaction
First reaction level falling 300pips and counting β€οΈπŸŒβ€β™‚
The Algorithm trader 🏌
A possible reaction is what I anticipate
Falling 300pips and counting... watch 153.120 , this present drop should come for it ...
The Algorithm trader 🏌
Falling 300pips and counting... watch 153.120 , this present drop should come for it ...
General outlook , its a long long term fall... this would only ! Be validated if this my bullish rectangle breaks , should that happen, 153.120 is the next target , after that , tank !
Should it respect it , we remain bullish ..
Okay , how do I want to explain this for us to understand β€οΈπŸ˜‚πŸ˜
I understand what I analysed, but to put it to terms 😐 ...let's just say I am watching on the the principle of double rejection levels playing out here ...
Principle of double rejection level means
When u spot two rejection levels , algorithm would usually
1 use the first rejection level to engineer liquidity for the second rejection level
Or
2 break the first rejection level and aim directly for the second level ... β€οΈπŸŒβ€β™‚
Folks do ask why I mostly use metatrader for analysis instead of tradingview ,
Well the thing is I started my forex journey till this stage of my career using mt4 β€οΈπŸ˜‚ , I have become so use to it that I find comfort with it ,πŸ˜‚
I analyse with mt4 , I run teachings using tradingview ... πŸŒβ€β™‚
There's a whole lot more to liquidity than it really is ... a whole whole lot ...
Any one on one student i teach now like this , β€οΈπŸ˜‚
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