🔍 BTC Too Bearish For BITSTAMP: BTCUSD By DemoDiaryFX_Trading – Technical Analysis – 09-19-20 2022 17:17:45

Here with you, we have already discussed price metrics and their structure Bitcoin Before. And because BTC We didn’t see any structural changes from HTF, we stayed bearish on it. This is a chart update early in the week. Use split screen for a better overview.

📉 text tags:
🔹I = driving leg. Inside IL, we can usually see the internal structure, which is secondary in nature, as market noise, unless you turn it on LTF Because she owns IL.
🔹PhD = High or low protected, which carries the structural current impulse.
🔹Accommodation = structural failure. Based on a lighter body near the bottom/top of the previous structural thruster.
🔹rsz, rdz = duplicate Supply and demand areas. Specific areas to search for LTF Affirmations. They manipulate the rise before the real breakouts, or vice versa. Strong hands (the Composite Man, as Wyckoff called it) often return to such areas to close manipulative orders at the break-even point, before lowering prices further. If the object is closed outside the area, then in most cases this means that the fixation has been canceled.
🔹if Ltd. Confirms = Entry only if there is a structure change on the lower TF within rsz or rdz, or some other type of validated, retrospectively tested confirmation.
🔹floating target = Liquidity Target: Next take profit levels for strong hands, our main targets are based on current price action.

☝ī¸ Disclaimer: All ideas here are for educational and marketing purposes only, not financial advice and not a signal. I am sharing my view on the market and looking for like-minded traders. Your trades are entirely your responsibility. Everything here should be treated as trading in a simulated environment.

👉 I think the “right or wrong” mentality is a fundamental flaw for all beginners. In fact, the trader is right only when he runs the system and follows its rules, and he is wrong only when he makes random settings. A trader must find a system they want to work with in the long run, back-test, back-test, run it live and then optimize it to perfection.

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