REMINDER FOR THE NEXT CYCLE.
YOU CAN BE RIGHT AND STILL GO BANKRUPT.
THE MARKET WILL TRY TO LIQUIDATE YOUR POSITIONS, BY ANY MEANS.
Bitcoin Price Update
- We are almost above the POC and high volume region of the last major swing.
Our analysis was right in price front running all traders waiting for $24.2k Sweep although I didn't get to close my trades at the best Price.
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Breakdown from Previous Day VaH could result on Value area rotation playing out again. We are still bullish as long as we are above Monday high.
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Value Area Rotation played out yesterday, best strategy to use during ranging environments. We have also broken out upwards from the lower TF range.
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Monday Range is the most crucial for such environments. Monday Low sweep testing the Daily Level for support was a strong bullish catalyst.
There is no other way to learn Trading.
Keep watching Price Action and Lock yourself in a room, promising that you won't repeat the same mistake again while reading a lot.
Just adding screen time while having a system that doesn't Bankrupt you and trading as much as you can.
Dont take risk
If you want to trade Bitcoin Seriously, Start by reading the Mentorship Notes that I make in my free time for my friends.
It's free. Will always be. I make it to kill my loneliness and it's the best that I can make as a Bitcoin Trader.
Link- t.me/EmperorbtcTA/6…
VWAP Swing Trade Strategy 🔥
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Find Resistance and nPoC confluence.
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Price travels to 1 for liquidity.
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Look for rejection at 1.
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Upon break of AVWAP and re-test of AVWAP as resistance, Look for a Short.
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Target-Previous Range High.
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SL- Break of Resistance.
Range high deviation and OI collapse (aggressive market buyers from earlier close positions)
- Limit sell orders get filled above 30k, market buyers who didn't close got liquidated.
Long liquidations spike more than $40M
Please Study the above Chart with notes.
#Bitcoin Price Update
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Price in clear Range. No need to over think.
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Monday high has been swept, weekly open didn't act as much of Support.
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A move above Monday high would be very strong for price.
I can see range high breaking and will take a Short from NPOC.
People Asking What SFP is.
- Swing Failure Pattern and I have written a Whole Tutorial about how to trade it.
Link- t.me/EmperorbtcTA/4…
- You don't know it Because only 2% of you read it and the rest were busy making Fresh Dough Pasta for their Mum which is nice.
#Bitcoin Price Update.
Swing Trade ideas if you're on the Sidelines 🤝
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I will look for a Long if a SFP happens at low 25K.
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I will look for a short if a SFP occurs at High 27K Area.
No Chart. Only Bias.