Bitcoin Pro

Still selling from the same area, we had like 10 bounces by now.
It could not have been easier.
Happy days!

we will have to wait for the lower targets next week. That is ok, no rush.

https://www.actionforex.com/contribu...oss-the-board/
For me and you this means: wait for these setups that we are trading to be finished and buy when they are done.
If you bought at 60K we probably will have chance to add more, long term direction is UP.

I said already this demo does not concern you!!
If I do one for you guys, I will let you kinow. Thank you.
Back to trading.

If you not happy you can bugger off, I don't really care.
Low ranked traders not allowed to reply anymore!!

BTC
Daily Gartley has completed minimum target at 74K, that does not mean we cannot go lower, it only means that risk of taking shorts from same area is bigger.

H4
H&S continues, and here you can see why taking shorts right now is not as good as last week.

H1
Potential inverse H&S
For beginners this is a good way for you to see how markets form patterns inside other patterns, the different timeframes work like nested dolls.
Google it if you don't know what I mean.
The neckline of this pattern could form the right shoulder of the H4 one, from there we have another good probability shorts.
As I said before, LONG term we are bullish on Bitcoin but we can still play these setups on short term.

So if you are intraday trader, the context is bullish with support at 76-75K.
If market moves below, the pattern will fail and we will need to adjust.
When we get to 79K we can short again.
Last week it was relentless selling form our levels, I hope this week will be the same.
If you want to get the probabilities on your side, you need to look at markets like this! Anything else it's just gambling!!

https://www.actionforex.com/contribu...ling-altcoins/

this new strategy is working , I will be repeating the same if price keeps coming back.

https://www.actionforex.com/contribu...s-in-equities/

75K seems to be giving way, next support 72.5K
well I am buying here and will buy there too.

second level triggered now just wait for outcome

72.5K is still good, if market will get to 75K I will close the long from that level and open a short for bounce down.

BTC
Price looks like it's aiming lower, 70K amd 69K
That could take shape of butterfly buy on hourly chart.
investors are buying other risky assets instead of Bitcoin, that is ok, temporary.
I am a solid buyer!

4 hours give us what we need to see.
Price is accelerating down.
Short term I am selling pullbacks until those bear targets are done.

You can see how price reacts to the levels with precision.
One of the biggest advantages of trading Harmonics is that you know which levels market have the best chances of bouncing off, with that ,stops can be moved to be most times.
The other aspect is that, because we operate different timeframes, the entries may be on the hourly chart but the exits can be calculated using HTF's.

It's also very easy to see when a setup does not work, no need to stay in trades forever wishing the price turns back.

There are many facets to Harmonic trading, these are just a couple in order for you to understand how this market works and how I trade it.

market wants to kiss 69K thereabouts...