Yelli_trades

BITCOIN holds BEARISH STRUCTURE. Expecting continuation

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BITSTAMP:BTCUSD   比特幣

BTC currently is in a bearish structure, based on the strategy rules. Everything is in the chart, and also check linked ideas for better context.

📉 Text marks:
IL = impulse leg (inside of IL we can usually see inside structure, which is secondary in nature, like a market noise, unless you trade it on LTF, as it’s own IL)
bos = break of structure (based on candle body close below/above previous structural impulse)
ph, pl = protected high or low (which holds current structural impulse)
liq target = liquidity target (institutional profit taking levels, main targets based on current price action)
rsz, rdz = refined supply and demand zones (specific areas to look for LTF confirmations)
if confirmed = entry only if there's a shift of structure on lower TF inside of rsz or rdz

👋 Disclaimer: All ideas here are for educational purposes only, not financial advice. Your trades are yours only, and your complete responsibility. I'm not particularly bullish or bearish on any given instrument, and I don't have a "fixed" bias. I'm just following the strategy I learned from my teachers and that's all. We can have completely different views on the market and still both make profits. Everything here should be treated as a simulation.
👉I believe a trader doesn't need to predict anything, so "right or wrong" mentality is a fundamental flaw of any beginner. A trader should find a system he's willing to work with long-term, hindsight test, backtest and then execute live. He's right only when he executes the system, and he's wrong only when he's taking random setups.

🚀Thanks for your BOOSTS and support🚀
💬Send your comments and questions below, share your ideas and charts, I'll be glad to talk to you💬
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