We trade in the future markets not in the Past markets. You have years of experience trading or you are an amateur, but then, you don't realize how significant it is to separate your emotions from your decision making. Keep in mind that you will never trade as well in real time with real money as you will, by trading in the past. How happy you are when the price target has been met and the trigger has presented itself, and you enter the trade without hesitation, not thinking about the entry because you have satisfied your criteria. This is the template I charge all of you to cultivate hence in your approach. Simply put; A Mechanise system Designed To Kill Emotions...
Dec, 17 Top Down Analysis ETH/USDT🎞️
#MARKET BIAS
On the weekly chart, we see a swing low at 1514.87 roughly. And we are considered #bullish on the weekly timeframe.
Still on the weekly chart, the price makes impulse and corrections about twice. We can see it clearly in the daily timeframe.
1st Correction🎞️
#High 2140.78
#Low 1902.72
2nd Correction🎞️
#High 2407.74
#Low 2115.87
This brings us into our #dailybias that since the nature of the market is correcting in the weekly chart, we are #bearish in a bullish market. We expect to look for #short position.
30minutes Frame🎞️
We Have an Institution Order Block forming on he 30 minutes frame
#Swing High 2333.34
#Swing Low 2195.28
Price broke prior low of 2212.04
And also broke a hidden correction 2202.27low
Spot #Price reaction level 2279.34
#Institution OrderBlock
Entry: 2282.63
Stop loss: 2336.42
Partial Target 2195.28
Target 2136.24
But then, the entry price didn't met and we didn't chase after the market after it left us... because is a Mechanise system of separating emotions from our decisions. A MEDEKE
