BTCUSDTPERP- Trading from these zones is...
the best strategy to make a lot money.
Hi, in today's post we're going to talk about imbalances and wicks(candle shadows).
All you need for your successful trading is to find these zones on high timeframes(month, week, day, 4h) and trade on low timeframes using setups( 5minutes - 1 hour).
Imbalances are the places, where the price was traded ineffectively. For finding these zones, you can use indicator "Imbalance finder"
Wicks are the places, where price collected stop loses and went in the opposite direction.
The main task of algorithms is to fill these zones. When the price approaches these zones, we can expect a good reaction on low timeframes.
We don't use levels from which there was a reaction.
Monthly Chart
Support levels:
0.5 wick (month) - 19369.4
----------
imbalance (month) - 17604.4
0.5 imbalance (month) - 15926.5
FullFill (month) - 14217.5
-----------
imbalance (month) - 13215.8
0.5 imbalance (month) - 12620.8
FullFill (month) - 11951.6
Resistance levels:
FullFill (month) - 26695.5
0.5 imbalance (month) - 25739
imbalance (month) - 24727.1
Hope that this information was useful for you.
You can practise finding these zones on weekly, daily, 4h chart.
Do I need to tell how to find setups on lower timeframes?
If YES, send + in comments.
Hi, in today's post we're going to talk about imbalances and wicks(candle shadows).
All you need for your successful trading is to find these zones on high timeframes(month, week, day, 4h) and trade on low timeframes using setups( 5minutes - 1 hour).
Imbalances are the places, where the price was traded ineffectively. For finding these zones, you can use indicator "Imbalance finder"
Wicks are the places, where price collected stop loses and went in the opposite direction.
The main task of algorithms is to fill these zones. When the price approaches these zones, we can expect a good reaction on low timeframes.
We don't use levels from which there was a reaction.
Monthly Chart
Support levels:
0.5 wick (month) - 19369.4
----------
imbalance (month) - 17604.4
0.5 imbalance (month) - 15926.5
FullFill (month) - 14217.5
-----------
imbalance (month) - 13215.8
0.5 imbalance (month) - 12620.8
FullFill (month) - 11951.6
Resistance levels:
FullFill (month) - 26695.5
0.5 imbalance (month) - 25739
imbalance (month) - 24727.1
Hope that this information was useful for you.
You can practise finding these zones on weekly, daily, 4h chart.
Do I need to tell how to find setups on lower timeframes?
If YES, send + in comments.
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.