#BTCUSDT.P week to day master candle trade on 23rd April to now, almost at entry. Painful. Will it hit Target first or Stop Loss? Sat Sun low volume + manipulation days. $BTC
2. HTF & its respective LTF for trade execution after recent swing break / engulfing candle. a) YEAR - DAY for Investment b) MONTH - 2 H for Positional traders c) WEEK - 30 MIN for Swing traders d) DAY - 15 MIN for Intraday traders e) 4H - 5 MIN for scalpers $BTC $ETH $BNB #BTC
How to enter long trade? Whenever price enters in Month up range in future, shift to its respective lower time frame i.e. 2 hour time frame for execution. Wait for recent swing break or engulfing candle and enter at its close. Take profit should be on one time frame lower of your HTF i.e. start of week down candle. $BTC #BTCUSDT.P
What is a master candle ? The first candle in 3 candle series where the second candle has a gap between the first and third candle. You can learn from this example. $BTC #BTCUSDT.P