Skip to main content

BTC sell limits filled

Posted here BTC retrace complete : BeatTheBear (reddit.com)

​

Orders

https://preview.redd.it/l46v3co1uy481.png?width=1917&format=png&auto=webp&s=37c18cc10b0a82aac4090a522b35485b66e4d480

Outcome

https://preview.redd.it/8swurgs5uy481.png?width=1920&format=png&auto=webp&s=aedbaebf74b01dc0692b47c941f0974b028c3b24

There are a few different reasons/strategies that pick up these entries but, as I said in the OP, I always think the easiest thing to do here is place my pending short orders where I know the noob gets cuts up thinking a real breakout has been made (I've been that noob enough times to know exactly where those orders go).

As highlighted in the OP, that's usually this little area. Bear stops hit and bulls enter there. Often the market reverses on them, and I want my orders in the place it does.

https://preview.redd.it/uekknsaguy481.png?width=1919&format=png&auto=webp&s=9e5c23f0bd96caff001d3ea5169d1e0bc632c6d2



via reddit https://ift.tt/3oLzixR
Labels:

Comments

Post a Comment

Popular posts from this blog

Never under estimate the ability of sceptics of market timing to mis-time the market

I won't name names, we have some here. You'll maybe have noticed them. But it's a generic thing. https://preview.redd.it/7aziwgo6wc381.png?width=1103&format=png&auto=webp&s=264ef5fa77887f4c1a74de6f69192cc842a13131 OP SPX reaction to the 161 : BeatTheBear (reddit.com) https://preview.redd.it/fzqufzlyvc381.png?width=1015&format=png&auto=webp&s=e6a98e35523cbb31a3b67d10dd27594dea026958 These are one hour candles. This post was 3 hours ago. Count them. https://preview.redd.it/qj6ba94gwc381.png?width=1901&format=png&auto=webp&s=a6a18b509ffb36c740cf6a43acfdc885331c9539 (I missed my trade, though) via reddit https://ift.tt/3lyJPu3
Post a Comment
Read more

I think BTC's now went though the "Typical stages of a market break"

Let's review. First see Typical stages of a market break. : BeatTheBear (reddit.com) ​ Butterfly top: https://preview.redd.it/0cmben3k4k381.png?width=1154&format=png&auto=webp&s=b0323bb9058ff5dde35ba8b592179e09b0662873 Check https://preview.redd.it/2xumdu8q4k381.png?width=1920&format=png&auto=webp&s=cc0b1bf24674b42a3f45e35dfc3f61291a4fbffd First big break https://preview.redd.it/79iv5fgs4k381.png?width=923&format=png&auto=webp&s=6c22f8575280850727acc0d8887dc13df8f70ce9 Range into hard downs. Check. https://preview.redd.it/c2hn32jz4k381.png?width=1920&format=png&auto=webp&s=f87deb48a09b11ef29fe587dd9191fdfe02b6aad If this is the case we should be getting close to the bull trap section of the move (There's still some risk of another down to 38K so be careful with stops if long). ​ In the template we've given this as a double top. https://preview.redd.it/l5l0ghh85k381.png?width=905&format=png&auto=webp&s...
Post a Comment
Read more