A little snippet into a current trade of mine right now - $DOT

A mini day trade thread:

- First open the chart and assess the Price Action
- What we see is some previous market structure broken per the rectangle
- We've also now had 4 taps of support here
Now we set up our HTF fibs as shown, and then also check the volume

- Note that there was a large amount of volume to support the larger move, with much lower volume now where price is trading
Then we add our fibs on to suit as we love to do
Followed by our mate, Stochastic RSI

- Old mate SRSI shows us that there is an overbought event right now occuring at the resistance of the 0.618 level
- This suggests that the market will dip as a result
- I'm now set up for a short sell
- But, let's look for more confluence
So for more confluence, let's take a look at the VPVR

And, what do you know - a point of control also sits right on the fib that price is resisting at, coupled with the overbought SRSI, and... one more thing

Our bias builds for a short.
We now also pull our fibs with our targets, and price also lines up with the 0.618 to 0.705 level for an entry, and target could be the 0.786 fib which is also not far from the Value Area Low of the VPVR we explored above.

Short confirmed
By this time, I've taken first profits, and my SL is now at break even.

It only takes 5 mins to assess a trade, and when you find the conviction that supports your idea, pull the trigger.

Take no prisoners.

You're right or your wrong, but probability is in your favour here.
And for those of you who were playing at home, here is the result of our daytrade that we took.

Target hit for 2.53R

Remember:

- Build the narrative
- Find the confluence
- Execute
- Repeat

You can do this!

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More from @Mindset_BTC

17 Sep
I find myself always tweeting bearish tweets (😂), but is just the market conditions that I see.

So I found a bullish setup in $XLM

As always, this method works well on any crypto from $BTC, $ETH, $SOL, $AXS, $XTZ, $COMP, (tags for reach!)

Using the @Bybit_Official chart Image
Righto - let's get this going.

Pull your fibs on the HTF 1H.

The reason I've selected these points is that they are relative to the local move itself rather than the sharp drop in price previously

We're now trading at the 0.236 key level Image
I've thrown on the Fixed Range Volume Profile tool that is available for free on @tradingview

You just pull this from A to B of where you want to explore volume.

The red and white bars give you the value area of a move. This is where 70% of the volume has traded in this area. Image
Read 11 tweets
11 Sep
I want to introduce you to a technique that is really simple and easy to work with on all timeframes.

I just took this winning scalp trade then on $ETH 3min chart

This works on $BTC $SOL $AXS $MOVR $DOT $MATIC, you name it (shameless reach tags sorry).
Start with your chart on the correct timeframe:

-3min

Then pull a set of fibs from the swing low of the move to the swing high as shown

- Use the standard fib suite, but make sure the colours work for you
Add the Stochastic RSI tool (SRSI), it's free on @tradingview. If you aren't sure on entry and exit, this will really help you

There are two lines, K, and D.

When the K line (blue) is above the 80 level (shown dashed) & crosses the D (orange) this is a sell signal (overbought)
Read 8 tweets
9 Sep
🚨Anti FOMO Alert 🚨

Obervation on $BTC at the moment:

- We've hit the 0.618 fib of a higher time frame &clearly seen some rejection
- Based on the move, we should now build a narrative
- History has doesn't repeat itself, but it does rhyme Image
We can call this move a bear flag at the moment, and the key thing is to recognize how price reacts as the 0.382 fib level of a bear flag

- Note the ellipses shown here for reference Image
Now to check out some Volume Profile:

We're at the VaH of the VPVR - in a parallel channel we usually short at the tops of these, so there would have been a lot of selling interest here, coupled with the 0.618 hit of the overall HTF Image
Read 8 tweets
5 Sep
Mini Case Study Thread

Building Your Trading Idea:

So we talk about finding confluence with moves and trying to build a bit of narrative for where price is likely to reach up or down to

I'll take a look here at how a possible $UNI trade could be developed:
Start with HTF key closes ie Monthly, Weekly, and Daily.

I've gone ahead and marked these up, but consolidated on the Daily Chart
Here's a 4H version of these levels.

Note how price acts within these key HTF zones
Read 12 tweets
3 Sep
Mini Thread on confluence:

When carrying out TA, you've got to build confluence. Here is how I would build this $BTC trade:

1st Pic - VPVR tool on TV shows we are at Value Area High of the recent price action
Second image introduces a parallel channel to the mix

We usually short at the highs of the channel, and long at the lows, taking profit or closing trades at the mid line (this works until it doesn't - you will end up losing a trade doing this in each channel)
Third image introduces HTF fibs into the mix

Note how well these levels are respected when pulled from the swing low of the move to the swing high
Read 5 tweets
28 Aug
🚨Thread Alert🚨

Trade Entry & Exit - a Deep Dive

Sick of getting stopped out, taking a shitty entry, or generally feel like you gettin your arse whooped in trading?

If so, you’re in luck my friends - I’ve knocked up this whizz bang, you beaut thread for you:

✍️📒
Agenda

- Setting Up Fibonacci (Fibs)
- Long & Short Tool
- Position Size Calc
- How to Use Fibs
- Position Entries Based on Fibs
- Fib Targets
- The Importance of the 0.28 Level & Profit Taking
Fibonacci
I’m primarily a Fibonacci trader. I use them for every single trade I take. The value they offer is the best there is in my opinion as a primary tool for assessing a trade (you still need confluence to enter a trade though!)
Here are the settings I use.
Read 38 tweets

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