Baasje Dave retweeted
$BTC Liquidity 📚
I often use the term "Liquidity" in my analysis'.
I'll explain how it works and how I use it personally.
1/11
Baasje Dave retweeted
In trading we have this phenomenon called 'the broken feedback loop'.
A terrible setup can be massively profitable and a perfectly fine setup can result in an immediate hit of the stop loss.
Keep this in mind when reflecting on your trade journal!
Be honest!
Baasje Dave retweeted
Targets I think we'll be seeing in the coming months;
- #Bitcoin to $30K
- #Chainlink to $15
- #Fantom to $0.75-1.00
- #Zilliqa to $0.10
- #BinanceCoin to $500
- #Ethereum to $2,500
Baasje Dave retweeted
Same PA...3 different trades and all are legit!
Also, the reason why you shouldn't blindly copy any other trader
Baasje Dave retweeted
Crypto Twitter sentiment over the past few months
#Bitcoin
Baasje Dave retweeted
Want to know how I make my setups?
Here is an example for $OP!
Thread (1/7)
Baasje Dave retweeted
2. Know when to trade
Personally I like to trade into possible rotations & chop whereas others may prefer clear direction trends. Look for the high probability trades that suit you most.
Understand that setups can deteriorate over time.
Baasje Dave retweeted
If the sweep occurred you short the failure NOT!!! the sweep itself. Remember the failure can be found on multiple timeframes so you will catch it first and the LTF and move slowly towards the HTF each with its own R/R
Baasje Dave retweeted
Stop Hunting. The main purpose of a stop hunt is to force participants out of their positions by driving price to a level where many traders have chosen to set their SL orders (liquidity). Triggering of many stop losses at once typically creates high volatility & a (local) pivot
Baasje Dave retweeted
$BTC Tapped the diagonal resistance. This will be the trend line to break if the bulls want to push further.
Baasje Dave retweeted
Always use multiple timeframes to confirm your trades. These are the setups that I like to use
Spot trades: M - W - D
Swing HTF: W - D - 4h
Swing LTF: 4h - 1h - 15m
Daytrades & Scalps: 1h - 15m - 3m
