Asteroids Belt MTF TRENDING analysis a BRIEF guide to cover how to take trades LTF, a full guide with detailed breakdown will be out on spacemanbtc.com for january / february. This will cover the basics for a simple analysis and higher probability trades. 🧑💻
Trending trades' low time frame are best met with multiple confluences. Asteroids Belt has 3 levels of belts, covered on youtube. The basics being any strong trend respects the top belt, and trend in general respects the belt. Knowing this lets break down the MTF Analysis below.
Below you will see 2 important criteria for me, 4HR for the structure confirmation. In side the belt range, we can play between the levels, 1HR trend confirmation to the upside. What does this mean?
Likeliness to play toward the middle belt on the 4hr is high.
Now the Execution, we know HTF trend is upwards for 1hr, we know 4hr is indicating range play. Execution? Find strength in the LTF. 5Min Belt shows a reclaim and retest, indicating trend is likely to continue.
Further confluence for the weary. 1 Minute and 5minute confluences.
Bear examples and basically how I was tweeting my trades recently , 1hr down trend confirmed without fail, lower highs. 4Hr is failing to get into the belt, now that we have confirmed bearish structure without fail.
We look lower timeframe and start looking for trades in that direction. 5minute belt failure indicating the weakness. 1 minute belt failure as well highlighted at green. Trend is shifting back towards HTF down trend.
With both charts on screen look at where the failures occurred. 1minute failure at 5minute level for confluence
What did you end up playing? Executed on the 5minute/1minute, but played the 1hr structure downwards. TPs can be set at belt ranges, move your sl to belt levels previously ran by and you can set a small percentage as a runner.
Congratulations you now know how to use the 5minute belt to play 1HR trends.
Hope this was helpful, posted on christmas i know ill get less engagement but i know some of the users wanted to know more on how to trade it.
See you at spacemanbtc.com
sorry for low res images, was double compressed, the guide wont be like this dw the full guide will break down EVERYTHING.
but this is all you really need to be successful with the belt.
Merry Christmas btw <3 And a happy new year to you and your loved ones
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DELTAPRINT CANDLES BIG FUCKING UPDATE 🚀
Indicator: tradingview.com/script/HfEn4mY…
Website: spacemanbtc.com
Massive Update to DeltaPrint, many new features and uses! Check Out the video and thread below!
Also look at @AnataNFT in the video below!
@AnataNFT We love the DeltaPrint, Heres a walk through in all the big changes this indicator has seen!
@AnataNFT First You can see the big Usability Update! This update has now included a scalable UI so we can fit more data/candles on the screen. Heres a before and After. 🤓/😎 Cringe but seriously just look at the difference, exceptional 🤝
Lets start without the update, so you can see the beauty of MTF Comet, 4HR $BTC Chart Comet Coloring, Trend following scripts all have one flaw, hard to determine fakeouts from real trend formation. Lets solve this. 🛑⚠️
Now we have the ability to go and look at the 1HR price action and have a HTF Comet Coloring with HTF Guided line, whats the benefit of this? We get LTF PA, but WAIT THERES MORE. 🔍🔎
Lets start with the most useful release of this update: MTF Belt, what does this mean?
It means we can observe HTF belts with the LTF Chart e.g. the 4hr chart below on the 1hr chart, Why is this useful? Easier to spot buying opportunities with additional data but there's more! 🎆
What if we did the 1HR Belt + 4HR belt on the 1hr chart? As explained in the belt LINE UP guide, (spacemanbtc.com/educationblogs…), we can see clear buying opportunities on this run up, and then the evidential weakness on the 1hr belt and 4hr belt. Which led to the sell off on the right.
📊First id like to show whats included in the base version:
Net longs and Net shorts, the use of this indicator will give you an insight as to where where traders are position.
Short squeeze? You’ve heard of it a lot, now lets visualise it. We can see how Net Shorts were quite high near the bottom (go figure), but as price moves up we can see Shorts closing down, this can indicate the occurrence of a short squeeze! (number go up) 🪗
@tradingview The start:
On load you will see the below, standard presets to unpack. All Levels enabled, lets break it down.
You can already see the newest feature “Show Text Data”, setting below. 📊
@tradingview What is it? Well you can see 2 things, the option to toggle, Coloring and what it does. Its a work in progress feature, that textually describes the regions of interest, the breakdown of SP Region, Excess region, TPOCount, and Ticksize (especially useful on auto or multisession)