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Lucid TA @Lucid_TA
, 4 tweets, 2 min read Read on Twitter
Micro continuation setups across the board, I was looking to trade VF structure on $ETH and $BTC (mostly ETH). Setup pictured is BTC, but the same structure was present on ETH.

Intended entry was on green line break. I was woken at 4am but missed it as it happened so fast.
Though it's unfortunate to have missed these last 2 significant spills (especially as I've been tracking this exact move for a long time), there are always more opportunities.
At the very least it's a great example of why this strategy is so successful. The idea is to catch maximum RR with min time on risk. Entries are aimed to occur just as the market moves violently so that positions move heavily in your favour shortly after the trade is opened.
As you can see, the vast majority of the move occurred within 3 minutes of setup confirmation.

In any case, I think a meaningful bounce is likely before BTC makes new yearly lows. If this occurs, we'd likely see tradable downside continuation setup manifest. More on that later.
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