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THREAD!! BAR BY BAR ANALYSIS ON SPY!! 1/2 POSTS!! $ETH $SOL $BTC Bar 1: was a high 1 that trigger long in a bear trend. What do we do? Sell its high. Easy. Bar 2: was two bar reversal but where we in a bear trend or a TR leading to a reversal. In a TR so we should buy it instead of selling. This would have been the best trade of the day. Bar 3: was a high 1 that was triggered and was a reversal bar doji that failed. Buying its high was a nice idea. Bar 4: was a low 1 that triggered in a bull trend? What do we do? Buy it. as easy as that. Do not be afraid to go long here if you believe that there is a bull trend. Bar 5: was a low 2 that triggered a bull trend and we were likely forming a spike and a channel from the lows. The spike is from the low to bar 4 and the rest is the channel. It was the second leg of the channel up so buying a low 2 here is a nice idea. Selling a low 2 in a bear trend is the best tarde maybe. But when we see a low 2 failing and going upwards, we need to change our perspective nd agree that we are now in a bull trend instead of a bear trend. Bar 6: was the third push up in the bull channel and will usually retest the beginning of the channel. This was likely specially with the bear trend and the beginning. The doji bar failed at its low ad was bought and continued up. When this happens, we should expect a second leg up at least the same length as the first leg up. A short squeeze will happen here were shorts will have to cover their shorts by buying their position and prices will go even higher and higher. Bar 7: was the first high 1 in this new trend up in the second leg and buying here was not a bad idea if we keep the stop loss below the big green hull bar that broke above bar 6. It is better to wait for a two-legged pullback since it has not happened yet from the low of the day. And this is exactly what happened after. PART 2 !! In next post!!
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LIQUIDITY GRAB ON $SOL The first picture is SOL breaking through the high defined by the green rectangle on the daily chart and then making a red inside bar. Entry below for liquidity grab with the stop loss above the highs. The second picture shows the TP where the 2/10 shows where i took 20% off my position and letting the 80% run to the ULTIMATE TP at almost $93 where it is the beginning of the channel. SL is now moved to Breakeven where this js now a risk free trade. #Write2Earn #Portal #TrendingTopic #BTC #ETH
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Last trade ended up being a loser. A small loss. Keep in mind: In bull trend buy above and below the bars!📈 In bear trend sell above and below the bars!📉 In trading ranges sell the highs and buy the lows! #BullRun🐂 #BEARISH_MARKET #tradingranges Follow for more
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