Hey everyone!
New week, new trades.
Here is one setup shared just earlier in our Discord channel and I didn't have time to publish this idea quickly enough before the breakout happened.
Long consolidation = price expansion (in either direction)
Also if you zoom in, you''see a structure resembling an ascending triangle (super bullish) which is also drawn on this chart.
Fibonacci, balance and Volume Profile look great, the only thing that was ignored was the stop run highlighted by the blue box. That would invalidate the setup but I just couldn't let go of everything else that was present on this chart.
Liquidity relatively low but above 50BTC (decent enough for myself).
In case you're reading this trading idea in retrospect, you can still put a limit order @51 sats giving you a 5.4 Risk-Reward Ratio setup.
Take care,
Vlad The Crypto Trader
New week, new trades.
Here is one setup shared just earlier in our Discord channel and I didn't have time to publish this idea quickly enough before the breakout happened.
Long consolidation = price expansion (in either direction)
Also if you zoom in, you''see a structure resembling an ascending triangle (super bullish) which is also drawn on this chart.
Fibonacci, balance and Volume Profile look great, the only thing that was ignored was the stop run highlighted by the blue box. That would invalidate the setup but I just couldn't let go of everything else that was present on this chart.
Liquidity relatively low but above 50BTC (decent enough for myself).
In case you're reading this trading idea in retrospect, you can still put a limit order @51 sats giving you a 5.4 Risk-Reward Ratio setup.
Take care,
Vlad The Crypto Trader
Trade closed: stop reached:
Doesn't look too bad but Stop Loss was reached a few days back
Prefer to follow the plan than regret of not following it later
Prefer to follow the plan than regret of not following it later
Textbook
Active stage next