BTC Local Trend. Reversal Zone. Targets. Tactics. 23 12 25Logarithm. Time frame: 1 day.
Local downtrend. After the decline, the price is trapped in sideways consolidation for a long time (the idea is for stop-loss levels to accumulate on both sides). Price is near the breakout zone.
Buy fear in parts, sell joy in parts.
🟢 Upward breakout (trend + key local levels and, due to the short stop-loss domino effect, momentum) — fulfillment of the Dragon pattern's targets (first targets).
🔴 Downward breakout (support and long stop-loss zone) — fulfillment of the descending flag's targets (long stop-loss domino effect), at least partially.
More upside than downside, possible through stop-loss accumulation. But it's important to wait for a breakout in one direction or another.
A patient and consistent person will be rewarded, while a restless person will not.
Use trigger orders on both sides of the reversal zone:
1️⃣ for an upward breakout in the market (marker order) - 2 local zones;
2️⃣ and simultaneously for a decline - 2-3 trigger limit orders.
If you do this, you won't have to constantly monitor charts, news, opinions, and so on like a speculative addict, and you won't care at all which way the price goes. After all, your orders will trigger in the direction of the trend, and won't trigger (cancel them later) in the opposite direction. The exception is if your first orders hit a false exit, but this is taken into account in risk management and position allocation.
Risk should always be justified and controlled by you. This is the foundation of everything. If this isn't the case, you're building a speculative house on a clay foundation, trying only to guess the price. Sooner or later, it will collapse, and the later it happens, the more painful it will be.
