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Orderblock

Missed gold opportunity. Good time for educating.This was an ideal occasion for order blocks. This one would have netted some good profit and limited risk. This isn't how I trade ordinarily. I don't often take trades off the 240 or higher just because I almost never see an order block within my risk parameters. I usually only use the higher time frames to chart the landscape, however, the idea of successfully trading this way is ultimately enticing enough for me to keep at it.
COMEX:GCQ2021Education
by emehoke
Good chance the BTC low is IN! @SmileyTradesHello Traders! Happy Memorial Day to all you Americans out there! If you didn't buy BTC in the highlighted area, there may not be another chance to buy BTC at this price again! We've got very solid confluence between 2 powerful trade setups, so I am feeling pretty confident about this one! In order for me to remain this bullish, I do not want to see us revisit the Bullish Order Block (OB) as the "fresher" OB's are more reliable. We also have the All The Way Half Way Back (ATWHWB) from the COVID low up to ATH. Do I think we will reach the Macro Target quickly? No, I think this will be a grind up that will suck loads of liquidity up from the Bears, but that's because I am a Bull! Happy Trading, always manage risk. Quality in trading is the ability to react to one's own psyche
Long
by SmileyTrades
Some of possible scenarios for Bitcoin#BTCUSDT #Binance #Daily #Tommy - Assuming that the high formed at 42K on Jan 9th of 2021 is the blue impulsive wave 3, these are some of the Elliott wave countings that I am personally in consideration. - The counting at the upper left is one of my primary scenarios that Bitcoin is going through. I denoted the upward impulsive wave at 29K~66K as an ending diagonal wave 5 along with the downward corrective wave after most likely being the wave A. - Observing the wave structures located at the top, I could also suspect the 66K high as the expanded flat wave B (upper right) and the following correction afterwards would then become a WXY correction where wave failure has occurred. The reason I included this scenario is that the wave structure at 50K~66K seems more like a 5-3-5, rather then 5-3-5-3-5 zigzag. - The bottom left one is where I viewed the high at 60K as truncated wave 5. Similar to the second scenario, the bearish price momentum that reached 30K then can be interpreted as wave A. I am not putting so much weight on this one since the yellow wave 3 within the blue wave 5 seems a bit obscure. - Lastly, the wave counting at bottom right is one of my most bullish scenarios where the downward waves after the 60K high are considered as the ABC corrective waves. This means that the correction are done and thus the new impulsive wave cycle is starting.
by Tommy_Trader
2