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RektProof. Profile picture
@RektProof
Jul 14, 2020 • 4 tweets • 2 min read • Read on X
#PriceAction

Range strategy

Quick write up on a commonly used setup I tend to look for when price ranges.

Criteria is as such:

- Range Forms
- Price sweep/deviation of range point
- MSB (Market structure break)
- Test of formed SD
- TP

Enjoy! Image
Range forms

Price outlines two swing points in the market.

Price sweep/deviation

Following the identified swing points- price proceeds to sweep/deviate before closing back inside range
MSB

Following the price sweep/deviation; price breaks structure and shifts a new low.

Test of formed SD

Formed supply following sweep + MSB
TP

Following test of formed SD price proceeds to the untapped low.

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More from @RektProof

RektProof. Profile picture
Jul 11, 2023
#PriceAction

The Standard Setup

Simple setup that you can easily use in any market. Takes the emphasis of using Ranges, Supply/Demand alongside what a three tap is

Small write up to cover:

- How to format ranges
- Demand/Supply
- Three tap importance

Lets get into it
Formatting ranges:

First thing is building the basis of a setup and you can't get a proper read without adding a range.

Building a range allows you to see short term/long term liquidity as price exhausts before re-continuing in a trend
Demand/Supply

Your demand/supply will usually be at the deviation of a range.

Take the last swing point that forms prior to the deviation as the area that price needs to MSB to confirm a shift and allow you to look for demand/supply
Read 5 tweets
RektProof. Profile picture
Nov 17, 2021
$BTC / $USD

Price approaching the 2D Demand.

Looking for something to develop around that swing low/Npoc for a relief bounce.

Slight FVG into 62-63k confluence with the current range low so looking to see if we come back to fill.

#Bitcoin Image
$BTC / $USD

Zoomed out a bit and noticed we are back at the range low of an old range.

Still marking out that FVG above incase we decide to fill before making another low.

HTF and LTF charts below.

#Bitcoin ImageImage
$BTC / $USD

Only hopium I can offer.

Price finally tagged this 2D Demand ideally would want us to take out that NPOC deeper into demand with a deviation set below range low before a potential PO3 plays out..

Letting it develop.

#Bitcoin Image
Read 4 tweets
RektProof. Profile picture
Nov 10, 2021
Quick sentiment check with a PO3.

#Bitcoin Image
How's everyone holding up?

#Bitcoin Image
First target for this PO3 would be the 57ks

#Bitcoin Image
Read 4 tweets
RektProof. Profile picture
Oct 15, 2021
#PriceAction

Understanding Supply/Demand vs Liquidity

Knowing what a Supply/Demand (SD) is and knowing how to use them are different. Small writeup to provide clarity, to my perspective.

Small write up to cover:

- Improper use of SD
- Suggested Use of SD
- Conclusion
Improper use of SD, to my perspective.

Price always has an objective. When you have 2 swing points/liquidity pockets we are moving from one end to the other.

Mocking up SD levels between those 2 points will more then likely invalidate as price has decided it will engineer stops
Suggested use of SD levels, to my perspective.

Normally how I mark up SD areas are at the bottom of a range/bottom-top of liquidity points. As price taps demand/ runs a low we then move onto the next area of liquidity/supply invalidating all in-between.

Simple enough.
Read 4 tweets
RektProof. Profile picture
Sep 15, 2021
#PriceAction

Broken Swing Points

Wanted to briefly cover instances when I see traders get trapped within different variations as price consolidates and breaks down and how to potentially avoid.

Small write up to cover:

- Broken Swing Points
- Potential Entries
- Conclusion
Broken swing points vs SFP's

We know the standard SFP-
Price sweeps a level and reverts to the opposing side.

What If we fail to sweep but close below an SFP?
This is when breakout traders come in and are trapped hence the manipulation cycle.

Notes on the Diagram Chart:
Potential Entries:

PO3's play a vital role when price breaks a key swing point. As long as we leave an opposing high any close below is a high probability we trap first and then go for the high second

Breakers offer good entry points for a broken low once we shift above
Read 4 tweets
RektProof. Profile picture
Jul 8, 2021
Degen Account:

500$ Start Balance

Price Action is kinda flat so gonna mix it up a bit and break or make this account within this thread.

Need a little bit of fun.

High Risk/High Reward.

#Bitcoin ImageImageImage
Degen Account Update:

Started the account out with an L risking 20% and cutting it for -5% acc hit.

Currently long on ETH off the daily open and looking for the LTF FVG Fill.

As mentioned; high risk.

Will log the trades once they close and update.

LFG! ImageImageImage
Degen Account Update:

Not much to update been sitting on my hands the last week. Volatility is absolute 🗑️

3 trades so far: 2 L's/ 1W but up 42% on the account.
Got stopped on a BTC long but was low conviction so cut the risk in half.

For now I'm just marking out levels. ImageImage
Read 24 tweets

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