Freddy Castro Profile picture
Started sharing Charts and TA and stayed for building a profitable Crypto community
Jul 11, 2022 8 tweets 2 min read
There are 5 important parts you need to think of before setting up a trade:
(Thread)
1. Determine the directional bias of the trade (Long or Short).
Some key questions you should ask yourself are:
Is the candle in a key support/resistance?
Is it above or below a moving average? Is the price action bullish (higher highs and higher lows) or bearish (lower highs and lower lows)?
Is there any candlestick pattern in the support/resistance?
Is the price on a key Fibonacci Level?
Jul 10, 2022 4 tweets 2 min read
Guys I did not enter the $BTC trade but I tracked it and I want to show my thought process:
Open thread.
1. The 50EMA in 12H has been a key resistance since April, 2022. 2. $BTC price was today just below 50EMA in 12H with multiple long wick candle rejections (yellow circle at right hand side of the chart).
Jul 9, 2022 11 tweets 4 min read
I was stopped out on my $BTC trade. I want to emphasize the importance of proper risk management and secure entries.
I hope my mistake can help you all in your trading journey. I will try to avoid recurrence of the same error.
Open thread. I always start my trades with a checklist of quality traits to determine whether it is worth to take them.
1. Time confluence: $BTC is above 50EMA in 4H and 1H, which indicates bullishness in Intraday✅ Image