ETHUSDT 21 OCTOBER 2021 1740 hrs
That hit quite a bit of supply when it re-visited that previous demand zone (distribution zone, profit taking zone etc).
You gotta be aware of these previosu zones... it makes your life easier. The hard part is waiting for it to come to you. It can also be frustrating when price doesnt trip your alert and takes off without you.. thats the game. Sometimes you are there, sometimes you are not.
With crypto SM has a positioning strategy. If you want to learn how to exploit these "tells" and trade in the same direction as SM (smart money, whales) It pays off greatly to understand volume and VSA. Pete Faders technique has been the most effective for me. Check out his youtube as a start point if interested in learning volume... its not difficult but does take some practice.
Sources of education:
Richard Wyckoff
Tom Williams Volume spread analysis VSA/ Master the Markets
Pete Faders VSA* Sam Seiden (supply and demand)
Read the ticker dot com
Wyckoff analytics
PsychFX
MentFX
Element 15 trades (bitchute/odessy)
Avoid buying into weakness/supply/resistance
Avoid selling into strength/demand/support
Avoid entry when price is in middle of a range (phase B)
NEVER CHASE
You gotta be aware of these previosu zones... it makes your life easier. The hard part is waiting for it to come to you. It can also be frustrating when price doesnt trip your alert and takes off without you.. thats the game. Sometimes you are there, sometimes you are not.
With crypto SM has a positioning strategy. If you want to learn how to exploit these "tells" and trade in the same direction as SM (smart money, whales) It pays off greatly to understand volume and VSA. Pete Faders technique has been the most effective for me. Check out his youtube as a start point if interested in learning volume... its not difficult but does take some practice.
Sources of education:
Richard Wyckoff
Tom Williams Volume spread analysis VSA/ Master the Markets
Pete Faders VSA* Sam Seiden (supply and demand)
Read the ticker dot com
Wyckoff analytics
PsychFX
MentFX
Element 15 trades (bitchute/odessy)
Avoid buying into weakness/supply/resistance
Avoid selling into strength/demand/support
Avoid entry when price is in middle of a range (phase B)
NEVER CHASE