Trade Analysis:
As we speak, I'm considering a short position in Bitcoin (BTC) based on my analysis of the current 15-minute order block (OB) and market conditions.
Trade Details:
Entry Point: I'm executing this trade at the current market price of Bitcoin (BTC) based on the information from the 15-minute order book (OB). This is my chosen entry point for a short position in BTC.
Profit Targets:
My trade plan involves setting two profit targets:
First Target: I'll be looking to take my first profit when BTC reaches a predefined level on the 15-minute OB.
Second Target: My secondary profit target is set at a lower level within the 15-minute OB.
Trade Execution:
As we speak, I'm executing the trade by entering a short position in Bitcoin (BTC) at the current market price based on the 15-minute OB data.
Monitoring and Adjustment:
I'll closely monitor this trade as it unfolds, with a particular focus on the 15-minute order book (OB) and changes in market structure. Should I observe any shifts or signs of significant liquidity voids, I will consider adjustments:
Moving Stops: If there's a noticeable change in market structure or a shift in liquidity, I'll evaluate moving my stop-loss to manage potential risks effectively.
Trade Outcome:
If BTC reaches my first profit target as defined by the 15-minute OB data, I'll take profits at that level.
I'll continue to closely watch the trade, especially in relation to the 15-minute order book (OB), and adapt my strategy based on the price's movement and changes in the order book.
Should the cryptocurrency reach my secondary profit target within the 15-minute OB, I'll also take profits at that level.
Conclusion:
This trade showcases the real-time decision-making process, highlighting the significance of utilizing the current 15-minute order book (OB) data and analysis to execute a short position in Bitcoin (BTC). The chosen entry point and profit targets are based on the most recent order book information and my analysis at this moment.
Please remember that trading cryptocurrencies involves risks, and it's essential to stay updated with market conditions, adapt your strategy accordingly, and protect your positions when necessary, especially in the fast-moving crypto market.
As we speak, I'm considering a short position in Bitcoin (BTC) based on my analysis of the current 15-minute order block (OB) and market conditions.
Trade Details:
Entry Point: I'm executing this trade at the current market price of Bitcoin (BTC) based on the information from the 15-minute order book (OB). This is my chosen entry point for a short position in BTC.
Profit Targets:
My trade plan involves setting two profit targets:
First Target: I'll be looking to take my first profit when BTC reaches a predefined level on the 15-minute OB.
Second Target: My secondary profit target is set at a lower level within the 15-minute OB.
Trade Execution:
As we speak, I'm executing the trade by entering a short position in Bitcoin (BTC) at the current market price based on the 15-minute OB data.
Monitoring and Adjustment:
I'll closely monitor this trade as it unfolds, with a particular focus on the 15-minute order book (OB) and changes in market structure. Should I observe any shifts or signs of significant liquidity voids, I will consider adjustments:
Moving Stops: If there's a noticeable change in market structure or a shift in liquidity, I'll evaluate moving my stop-loss to manage potential risks effectively.
Trade Outcome:
If BTC reaches my first profit target as defined by the 15-minute OB data, I'll take profits at that level.
I'll continue to closely watch the trade, especially in relation to the 15-minute order book (OB), and adapt my strategy based on the price's movement and changes in the order book.
Should the cryptocurrency reach my secondary profit target within the 15-minute OB, I'll also take profits at that level.
Conclusion:
This trade showcases the real-time decision-making process, highlighting the significance of utilizing the current 15-minute order book (OB) data and analysis to execute a short position in Bitcoin (BTC). The chosen entry point and profit targets are based on the most recent order book information and my analysis at this moment.
Please remember that trading cryptocurrencies involves risks, and it's essential to stay updated with market conditions, adapt your strategy accordingly, and protect your positions when necessary, especially in the fast-moving crypto market.
Trade active
looking for a reaction around 26129, depending on this will re-evaluate the situation.Trade active
Stops at entry for short, may see a leg up here.Trade closed manually
Took profit, high looking weak. The ideology I'm referring to involves taking profits w and then considering the possibility of re-entering the trade to capitalize on further price movements. This approach allows traders to secure gains while remaining open to additional trading opportunities.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.