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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.
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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 📰 🗞️
Welcome to the 3rd great #Bitcoin supply shock
— Willy Woo (@woonomic)
10:24 AM • Dec 17, 2024
Trading Psychology 🧠
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