Confluence of resistance on BTC approved by a bearish bat on

2020年3月27日

stochastic indicator

Hi pros!

confluence is a method used for having an edge on the market (advantage over others traders) based on high probability winning rate

in this case we used 2 types of resistance:
-multiple trendline
-structure resistance

that provide us the best point entry possible for a trend continuation setup


short from here enjoying the opportunity of that point entry being the optimal

aim for 5000 then 3400 then 2000 or less

2020年3月27日

註釋

wait for confirmation in smaller TF before entering

2020年3月27日

註釋

that type of confirmation

2020年3月27日

註釋

this is one of the method I love the most(particularly when it's based on resistance) because I got awesome performance using it over GBPUSD. last time I used it was here



and look what happened next:

2020年3月27日

註釋

IMMEDIATLY

2020年3月30日

註釋

Don't miss the short from here :)

price is below both emas + I draw an horizontal line where there is a gap down acting as a resistance

with SL above emas, it's good