BTC 1h Key Levels

2023年10月29日

1h key levels - watch for price rejections and bounces
Golden Pockets (.65 on these)


Trade the reactions
Set a stop loss
Take profit at 1% moves with low leverage
Get in get out
Move stop loss to entry if you get a ninja jump

2023年10月30日

註釋

As you can see. Key levels and true TA are no joke. The reason this works so well is because of two things.

1. These are areas where heavier buying and selling create natural entry and exit points - meaning - people that long get stuck if price goes down. People that short get stuck when price goes up. So when price returns to their entry level, they tend to get out and close their position. That then moves price as if new postions open. What does this mean - It means when lots of shorts close price will move up without any new buys. When lots of longs close, price can move down even without new shorts. This happens naturally because the two opposites grow/shrink in weight constantly pushing against one another. This is basic market structure.
2. Confluence is when multiple heavy weighted buying and selling areas show up close to together plus TA tricks start happening to line up as well. Meaning - lots of longs open at a particular price, then price moves away from them going down , you then notice your fib retracement 618 level is at the exact spot where the longs opened. This becomes a strong area to watch for how price will reject or find retrace support after breaking through. When lots of your general analysis start lining up at a particular level, this is called confluence.

Traders need to learn to "react" to pre planned key levels. Do not chase price action. That is the secret to trading.

2023年10月30日

註釋

To learn, replay the chart above and watch how the key levels attract the price like a magnet. Realize none of us know what price will do or when it will do it. All we can do is react. Try to visualize how you could have traded this realistically over 2 days time. Once you have an idea of how you would have made profit. Rethink what confirmations did you have to make those decisions. Learn to look for those confirmations in the future.

the final key is to set good stop losses. Most noob traders that are successful still make positive pnl (profit n loss) because they basically lower the amount they lose. If you are right 51% of the time you will be profitable. Slow increments.