Siddharth Giri
Occasional Trader
5.3 Years
Twitter: @iSiddharthGiri, Follow me for Trading Setup, Technical Analysis, Crypto Explanation, and everything related to cryptocurrencies.
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🚨Biggest #Trading Mistake🚨
Suppose you start trading with $1000 and you decided to risk 5% ($50) per trade.
You open a trade after confirmation but the trade hit stop-loss. You open another trade after confirmation but this trade hit stop-loss again.
After two continuous losses, your balance is $900 & you start panicking & your mind forces you to take the wrong decisions.
Now you start thinking about recovering your losses instead of making a profit & to recover the loss your mind forces you to open another trade.
You open another trade without confirmation & this time you take a higher risk because your mind is forcing you to do so. The trade hit stop-loss again.
💔Your mind keeps forcing you & you keep doing the same mistake again & again & you end up with a $0 balance after a few more trades. #BinanceTournament
Suppose you start trading with $1000 and you decided to risk 5% ($50) per trade.
You open a trade after confirmation but the trade hit stop-loss. You open another trade after confirmation but this trade hit stop-loss again.
After two continuous losses, your balance is $900 & you start panicking & your mind forces you to take the wrong decisions.
Now you start thinking about recovering your losses instead of making a profit & to recover the loss your mind forces you to open another trade.
You open another trade without confirmation & this time you take a higher risk because your mind is forcing you to do so. The trade hit stop-loss again.
💔Your mind keeps forcing you & you keep doing the same mistake again & again & you end up with a $0 balance after a few more trades. #BinanceTournament
$BTC - Double Bottom with Bullish RSI Divergence in 3D Chart.
Last time #BTC created similar Double Bottom in April and after that Bitcoin made new ATH.
However, this time Double Bottom is confirmed but liquidity below 80k is still not taken.
Now, we have two scenarios, either BTC will give a sharp dip to take the liquidity below 80k or it will bounce without taking the liquidity.
Either way, bounce is confirmed but this time new All Time High is difficult because BTC already created Double Top in Monthly Chart.
Last time #BTC created similar Double Bottom in April and after that Bitcoin made new ATH.
However, this time Double Bottom is confirmed but liquidity below 80k is still not taken.
Now, we have two scenarios, either BTC will give a sharp dip to take the liquidity below 80k or it will bounce without taking the liquidity.
Either way, bounce is confirmed but this time new All Time High is difficult because BTC already created Double Top in Monthly Chart.
$BTC - Stopped Out.
Siddharth Giri
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Bearish
$BTC - Short Setup.
Price closed below trend-line in daily and rejecting from the trend-line in LTF chart.
I think it will take the liquidity below Previous Weekly Low (83.7k) and Previous Monthly Low (80k) before going up.
{future}(BTCUSDT)
Price closed below trend-line in daily and rejecting from the trend-line in LTF chart.
I think it will take the liquidity below Previous Weekly Low (83.7k) and Previous Monthly Low (80k) before going up.
{future}(BTCUSDT)
$BTC - Short Setup.
Price closed below trend-line in daily and rejecting from the trend-line in LTF chart.
I think it will take the liquidity below Previous Weekly Low (83.7k) and Previous Monthly Low (80k) before going up.
Price closed below trend-line in daily and rejecting from the trend-line in LTF chart.
I think it will take the liquidity below Previous Weekly Low (83.7k) and Previous Monthly Low (80k) before going up.
$BTC - 3R Profit Reached.
Bounced from demand but also rejecting from Monday-Low. You can move SL in Profit or you can also close in Profit because 3R is already good.
I already closed my position. Now, I am waiting for tomorrow to see what Monday is going to do after that I will share new trade setup.
Bounced from demand but also rejecting from Monday-Low. You can move SL in Profit or you can also close in Profit because 3R is already good.
I already closed my position. Now, I am waiting for tomorrow to see what Monday is going to do after that I will share new trade setup.
Siddharth Giri
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Bearish
$BTC - Short Setup.
Yesterday, rejected from yearly open and today rejecting from weekly open so I think it will take the liquidity below previous low before going up.
{future}(BTCUSDT)
Yesterday, rejected from yearly open and today rejecting from weekly open so I think it will take the liquidity below previous low before going up.
{future}(BTCUSDT)
$BTC - Short Setup.
Yesterday, rejected from yearly open and today rejecting from weekly open so I think it will take the liquidity below previous low before going up.
Yesterday, rejected from yearly open and today rejecting from weekly open so I think it will take the liquidity below previous low before going up.
$BTC - TP Reached ✅️
Now, I am waiting for the price to claim above the yearly open for Long.
Now, I am waiting for the price to claim above the yearly open for Long.
Siddharth Giri
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Bullish
$BTC - Bullish RSI Divergence at Mon-Low.
If this holds here, #BTC should bounce to Mon-High.
{future}(BTCUSDT)
If this holds here, #BTC should bounce to Mon-High.
{future}(BTCUSDT)
$BTC - It should claim above yearly open to stay bullish.
$93.5k is the key level here.
Claim above for higher otherwise rejection again.
$93.5k is the key level here.
Claim above for higher otherwise rejection again.
Siddharth Giri
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Bullish
$BTC - Long Setup!
I am already in this Long and if the price take liquidity below 88k, I will add more to my entry.
I think today or tomorrow (Sunday), #BTC will bounce.
{future}(BTCUSDT)
I am already in this Long and if the price take liquidity below 88k, I will add more to my entry.
I think today or tomorrow (Sunday), #BTC will bounce.
{future}(BTCUSDT)
$BTC - Closed this Long at Breakeven.
Looks like the price will drop below the previous wick again. I will try to reenter after that.
Looks like the price will drop below the previous wick again. I will try to reenter after that.
Siddharth Giri
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Bullish
$BTC - Long Setup!
I am already in this Long and if the price take liquidity below 88k, I will add more to my entry.
I think today or tomorrow (Sunday), #BTC will bounce.
{future}(BTCUSDT)
I am already in this Long and if the price take liquidity below 88k, I will add more to my entry.
I think today or tomorrow (Sunday), #BTC will bounce.
{future}(BTCUSDT)
$BTC - Long Setup!
I am already in this Long and if the price take liquidity below 88k, I will add more to my entry.
I think today or tomorrow (Sunday), #BTC will bounce.
I am already in this Long and if the price take liquidity below 88k, I will add more to my entry.
I think today or tomorrow (Sunday), #BTC will bounce.
$BTC - Short Closed ✅️
Price can still go down but I close my short in profit.
Price can still go down but I close my short in profit.
Siddharth Giri
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Bearish
$BTC - I closed this Long and opened a short with SL at 94.5k.
The price is rejecting from the yearly open that's why I think short is a better option here unless price claims above the yearly open.
{future}(BTCUSDT)
The price is rejecting from the yearly open that's why I think short is a better option here unless price claims above the yearly open.
{future}(BTCUSDT)
$BTC - I closed this Long and opened a short with SL at 94.5k.
The price is rejecting from the yearly open that's why I think short is a better option here unless price claims above the yearly open.
The price is rejecting from the yearly open that's why I think short is a better option here unless price claims above the yearly open.
Siddharth Giri
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Bullish
$BTC - Bounced as mentioned in previous post.
You can book profit, if you Longed earlier or book partial and move SL to Breakeven.
{future}(BTCUSDT)
You can book profit, if you Longed earlier or book partial and move SL to Breakeven.
{future}(BTCUSDT)
$BTC - Bounced as mentioned in previous post.
You can book profit, if you Longed earlier or book partial and move SL to Breakeven.
You can book profit, if you Longed earlier or book partial and move SL to Breakeven.
Siddharth Giri
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Bullish
$BTC - It Should Hold Here.
I already opened a Long at 85700 with Stop Loss below 83500.
{future}(BTCUSDT)
I already opened a Long at 85700 with Stop Loss below 83500.
{future}(BTCUSDT)
$BTC - It Should Hold Here.
I already opened a Long at 85700 with Stop Loss below 83500.
I already opened a Long at 85700 with Stop Loss below 83500.
I am still not trading last few days because there's no clear direction visible at least to me.
Sometimes, it's better to wait instead of taking forced trades and losing money.
I am patiently waiting to see what happens in the coming days.
Sometimes, it's better to wait instead of taking forced trades and losing money.
I am patiently waiting to see what happens in the coming days.
$BTC - Stopped Out ❌️
I am not trying to enter any Long now because #BTC is breaking every single structure possible.
I am not trying to enter any Long now because #BTC is breaking every single structure possible.
Siddharth Giri
--
Bullish
$BTC - Long Setup.
Bullish Divergence in H4 + Sell Volume is also decreasing.
I think this is a good place to try Long.
{future}(BTCUSDT)
Bullish Divergence in H4 + Sell Volume is also decreasing.
I think this is a good place to try Long.
{future}(BTCUSDT)
$BTC - Long Setup.
Bullish Divergence in H4 + Sell Volume is also decreasing.
I think this is a good place to try Long.
Bullish Divergence in H4 + Sell Volume is also decreasing.
I think this is a good place to try Long.
$BTC - Took the liquidity below 98k and currently also at demand in daily.
This is the area where #BTC should hold and get a relief bounce.
BTC.D is also at weekly resistance, if it rejects here, target would be around 54%. BTC.D rejection will be very good for ALTs.
I think ALTs will perform better than BTC in the next 30-45 days.
Also, Previous trade stopped out after booking partial profit at 1R.
This is the area where #BTC should hold and get a relief bounce.
BTC.D is also at weekly resistance, if it rejects here, target would be around 54%. BTC.D rejection will be very good for ALTs.
I think ALTs will perform better than BTC in the next 30-45 days.
Also, Previous trade stopped out after booking partial profit at 1R.
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