• Bitcoin Insider
  • Posts
  • How to snipe Bitcoin and Alt-coins like a Professional

How to snipe Bitcoin and Alt-coins like a Professional

Execution of the strategy is very simple, taking out the most obvious swing low, this will trigger stop losses that have accumulated by the build up of liquidity.

In Partnership With  

Today’s report will include:

  • Snipping Price Action Strategy

  • Liquidity Hunt Concept

  • Trading Psychology

  • Trading Tools

How to Snipe Bitcoin and Alts-coins

Snipping entries is an art form compromised by multiple technical factors combined with herd mentality exploitation. The strategy creates the ability of catching wicks on a consistent bases when executed properly.

Sniper Entry Criteria ✍️ 

  • Multiple Technical Confluences at Trade Locations

  • Key Swing Low aka Reference Point

  • Engulfing Price Action Confirmation

The trade location needs a minimum of three technical confluences, this increases the probability of a reaction once price tests the region. It is important to note, the more the confluence the greater the probability of a reaction.

Once price action reaches the trade location, it needs to consolidate on the lower time-frames. This is needed to build up liquidity that will be exploited later. A reference point will naturally occur here, this is the most obvious swing low (swing high for short trades**)

Execution of the strategy is very simple, taking out the most obvious swing low, this will trigger stop losses that have accumulated by the build up of liquidity. The Snipe will be taken at a technical indicator, in this case the .618 Fibonacci which was pretty much the absolute low ✍️ 

Back test the strategy for a deeper understanding ✍️ 

Trading Tools ⚒️ 🔧 

TradingView Charting Platform: Where the world charts, chats and trades markets. We're a supercharged super-charting platform and social network for traders and investors 💹 📈 

Blofin Cryto Trading Platform: BloFin is your next crypto trading solution that provides an easy-to-use, secure and reliable trading experience to accommodate all folks. 💵 💰️ 

Trading Education - BabyPips: Babypips helps new traders learn about the forex and crypto markets without falling asleep. We introduce people to the world of trading currencies 📖 📚️ 

X Segment 📰 🗞️ 

Trading Psychology  🧠 

How did we do in this issue?

Login or Subscribe to participate in polls.

Bitcoin Insider bouncing back to work, See you in the next one! 👊