Bitcoin long trade breakdown.

I don't day trade anymore, but occasionally, I have charts open when doing something else and see a great trade opportunity. I follow the simple principles I used to use when I day traded full-time a few years ago.

Today was one of those days, so here is the complete trade breakdown.

/cont First of all, the proof of trade, so this is not just a Tradingview R:R tool larping situation.

As always, I took the trade on @_WOO_X; you can see the entry and exit on the first screenshot.

This trade ended up with a profit of about 3.5R

If you are looking for a place to trade, you can check out Woo here:

woox.io/register?ref=R…

Yesterday, I posted a list of all the indicators I am using (), and I got many questions about asking one in particular, the Net Positions.

So, instead of answering one by one, here is the complete thread on how to use it.

/cont tradingriot.com/indicators/ Before we get into things, this thread is sponsored by @HelixApp_.

They are currently running a trading competition where you can win a G-Wagon and other prizes.

Although I am being paid to tweet this, the trading competitions are great for everyone wanting to trade and win prizes.

You will find out more about it at helixapp.com

complete guide on finding trading opportunities in cryptocurrency derivatives

wanted to do this thread for quite a while and finally have some time to do so.

i will share my favorite systematic ways of finding new trading opportunities for both day and swing trading

/cont before we get into things, it is important to realise that finding a trade opportunity is just the first part of the puzzle.

the key is being able to structure an actual trading idea around it.

I cover my approach in free blog and tradingriot bootcamp

tradingriot.com/bootcamp

I generally try not to use the word "alpha" much because I find it extremely cringeworthy when people talk about "alpha" on Twitter, but after trading literally the same thing over and over since January, these have proven to be extremely reliable.

In ranging environments, look for situations when spot order books are heavily skewed on either side (bid at range lows/ask at range highs) and pair it with either an extreme amount of positioning (people about to puke) or a very low amount of positioning (people already puked).

I traded all of these on BTC, ETH and SOL, and of course, fucked up execution on some of them (I went in too early/got shaken out etc.), but we don't disclose that n the internet.

Before you ask, indicators are available at @TRDR_io.

The last SOL trade shared two days ago

https://x.com/abetrade/status/1817941821382688878

Since switching to swing trading, I have spent much time making my trading as systematic as possible.

Here are some of my favourite indicators for swing trading Bitcoin and altcoins.

I will explain what they represent and where to find them in this thread.

/cont First of all, nothing works 100% of the time.

You do not want to rely solely on one indicator but instead, combine them and look for trade ideas when they are in confluence.

I created a systematic approach that takes me approximately 30 minutes each day.

Most importantly, you need to be able to form actual trade ideas and execute them.

A lot of what I do is covered for free on my blog; alternatively, you can check out the Bootcamp, which goes through the whole trading process.

tradingriot.com/bootcamp

Many people are enjoying the trade breakdowns, so here is the full breakdown of the ETH trade I took today.

These go to my journal, but I share them here every once in a while as well.

/cont When I am day trading, I do not really care about specific timeframes as I think they are not relevant, and the only important thing for me is where the market is trading in the context of the large composite profile.

ETH had a strong directional move into high volume node so as long as it stays inside, I was expecting a slower rotation for the day.

Every time I feel like crypto Twitter is a sad and desperate place, and it can't be any worse, I head over to forex/futures Twitter for 10 minutes, and I'm beyond disbelief that it is 2024 and ICT is somehow still the main character with an army of delusional people following him.

At this point, there are a billion variations of ICT/SMT names and strategies. It is pretty hard to keep up, but here you have a little thread on one of the most popular Orderblocks and the actual explanation of why they happen and work in trading.

/cont Before we go into the thread, I had a stab at this almost 2 years ago on my blog, where I broke down all the popular price action concepts and the logic behind them; you can read it for free here.

There is also a video version for those of you who are lazy.

tradingriot.com/smart-money-co…

Detailed guide on finding opportunities in crypto derivatives (and spot) markets

It's been a million years since I have done a thread on this cursed platform, so I figured it would be nice to farm a little bit of engagement for once.

Here is the complete guide on platforms I use to find trades with examples. The platforms we will talk about today will be @laevitas1 and @MobChartCrypto.

Both of them are free, although, for Laevitas, I recommend you get a premium subscription as it will allow you to use filters and make your life much easier.

For charting the coins use @VeloData, they also have some of their own screeners if you don't fancy paying for laevitas.

(this is not sponsored by any of those platforms)

List of completely free orderflow tools and resources for trading crypto

One of the cool things about crypto is that a lot of stuff is free and opensource, compared to tradfi, where you usually pay hundreds of $ per month.

Here is a thread of some cool things I like.

/Cont Velo @VeloData

I'm sure everyone knows Velo by now.

The platform is currently completely free, and you can use it to Analyze Open interest, Funding rates, Liquidations and other perpetual data, but also look at options data and specifics of different altcoins.

Something that I tend to get asked a lot is how I pick up the altcoins (read ponzischemes) to trade.

So here is the list of some of the things that I look at during each trading week.

/cont
/thread
/boosing my $15 twitter revenue 1/ Open Interest

Looking at changes of Open interest is a very easy and quick tool to reveal the popular coins.

Some of the best tools for it are @laevitas1 (paid feature gives you access to filters (my favourite), @VeloData or @coinalyzetool.

I liked this tweet yesterday as he described several things that when used properly have ev+ in trading.

I have a bit of time, so let's elaborate a bit on these strategies

/cont
/threademoji
/twitterrevenuefarming First of all, although these things work more often than not, they rarely work only by themselves.

In other words, all the trades you take should be well thought out and have several factors of confluence rather than looking at one single thing.

I am happy to announce that the indicator I worked on with @leviathancrypto is now live on Tradingview and completely free.

Here is a short thread on how to use it.



/cont https://t.co/mBC3KVJtwNtradingview.com/script/lfbSiHI…
Indicator colours the candles based on three conditions.

High volume, low volume and churn bars.

This is a "simplified" orderflow that I have been using for ages.

It is originally inspired b Emini watch https://t.co/ehuTTsb2caemini-watch.com/free-stuff/vol…

When I talk about legacy markets, I get DMs from crypto people about what exchange I use, and they always end up bringing two crypto CEXes that allow trading forex and legacy markets.

They are PrimeXBT and Bingx, and here is the thread on why you shouldn't trade on them.

/cont Before we get into another thread from the category of "Reasons why Adam is never getting 6 figure exchange sponsorship".

I don't do this to stir any drama. I just have a little knowledge of how legacy exchanges should work, and I'm tired of answering people 1-by-1.

Rollbit talk again on the timeline with people on the internet that make money buying and selling ponzi schemes arguing about morals of shilling casino.

Here is a quick thread that explains the actual issue of why shlling Rollbit (and other exchanges) is actually bit scummy.… twitter.com/i/web/status/1… In forex you have two types of brokers with A and B book models.

The A Book gives users DMA (direct market access) which means your orders end up in the real market.

B book models stay in house and brokers trade against their customers, because at the end of the day 80%+ people… https://t.co/qm4W3qvUSAtwitter.com/i/web/status/1…

I see so many ICT/SMC traders pop up on my feed everyday.

One of the main concepts are orderblocks, which are supposed to be the levels that "smart money" use for buying and selling.

let's make a quick thread on these things and why they tend to work.

"instert thread emoji" twitter.com/i/web/status/1… First of all, what is defined as an orderblock.

It is consoildation (last opposite side candle) before market makes a significant move to either upside or downside that breaks the market structure.

welp definitely interesting results on this. Here are some quicks thoughts about each management strategy /cont 1) Not touching the trade - Full SL or TP

This imo can work, if your strategy is 100% systematic and backtested/forward tested enough.

It's been a few weeks now that I have been watching and trading altcoins more closely, roaming around discords, catching up on narratives and so on.

Let me share some tips that are important when it comes to everything.

cont/ 1- "Narratives" are really just short-lived fundamental events people like to believe to pump things. Some are more stupid than others.

Never ever get hooked up on something thinking this is the next big thing because the minute you do, it is most likely over.

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All the links are in the next tweets. Free Blog: tradingriot.com

Tradingriot Bootcamp: tradingriot.com/bootcamp

Youtube: youtube.com/c/Tradingriot

Bybit: partner.bybit.com/b/tradingriot

Free read-only Discord: discord.com/invite/jWpFUxH…

Free Exo and Sierra templates: tradingriot.com/templates

I was day trading for a long time, taking a lot of round trips every day, but as my account grew, I started focusing more only on a small sum of trades where I could really go in with big confidence.

- Focus only on high-probability stuff
- Cut things that don't work quickly The curve for the last 3 weeks, shows only BTC and ETH. With alts I don't really have confidence or experience to put any meaningful size

Watching this guy religiously walking down LDO for the past hour or so is pretty brutal.

Usually, they target liqs before the pull but so far, pretty consistent. got filled, if we get above it, good long

One of the things I get asked about so often is Free trading/markets education resources, so here we go.

This will be somewhat more intermediate list rather than where you can learn fibonacci retracement.

/cont Of course, gonna start with a shameless plug of my blog, but I do believe that at this point the blog is the best place you can learn for free about discretionary trading, risk management, price action, orderflow, market profile, and many more.

tradingriot.com