Thread by @Mindset_BTC

I haven't done an educational run down of a potential trade for a bit, so here are the workings of a trade that could have been taken on $LINK

Use this method on any pairing from $BTC, $ETH, $SOL, $FTM, $RSR, the list goes on

So smash your traditional fibs up on the chart, from the swing high to the swing low.

Note that this is a higher TF than I usually use, but want to show you that you can trade using this method on any TF

When price starts to show signs of recovering, wait for the Market Structure Break as shown in the blue circle.

Then get your target fibs out as shown on the image. Note that the 0.702 and the 0.232 line up for entry here

Then we need to look for a target.

Notice the bearish order block up top - aiming for this makes the most sense if we think that price is going to rally and get beaten at a supply zone

We can also see two more factors of confluence here

1. The VAL of the FRVP gives us the heads up that this is a buy

2. The Stochastic RSI (if you use this) also shows an oversold set up

So you can see that price then heads up to the target area and you'd have walked away with a 3.34-ish R:R for your trade.

Hopefully help you or a mate out.

Say hi to the old duck for us and take care guys

Cheers

🍻

Thanks also to @Delta_Exchange for your continued support!

@Delta_Exchange Typo in the last tweet sorry -

*Hopefully this helps you or a mate out