CryptoBully

If there is one reversal setup I look to trade near market bottoms, it has to be this. Simple price action that provides good RR
Detailed breakdown + stop placement🧵:

1) Understanding the overall market
It is important to be inlined with how the market is doing generally. If we are in a trending environment it is much better to accumulate on dips and hold for longer then it is to look for scalps.

2) Waiting for trade to come to you
Typically in ranges, when price trades into one extreme, you look to fade it and target the next end of the range. Your invalidation in this case is price finding acceptance outside of the range on higher time frames such has H4 of Daily.

3) Entry confirmation
Waiting for your confirmation (can be orderflow, price action, footprints or anything you use), can interfere with the RR and can also make you miss a couple trades, so you have to backtest this according to your system and whether you should start scaling in when prices hits your POI (point of interest) or wait for some confluence

4) Execution
Entry closes to the point where you can be wrong (Increases RR), invalidation below the recent low.
I personally go risk free or take partials at 1R depending on the overall market, once your target hits trade is done and you don't hold speculating for a breakout

Closing out this month of trading
You know what they say about slow and steady. Been a good but brutal and exhausting month
Shared like 90% of all my trades publicly as well this month

When markets are trending it is much more simple to use EMA crosses + demand for context and get in using PA for continuation
However, entering at start of the trends if one can identify them provide the best RR
Below are some of my fav setups I look for, for continuation:

$SOL
Similar setup across the market. When prices are ranging you ideally want to interact with price at only the extremes.
The range highs ($90) has been capping price for about a month or so now, so looking to bid the range lows for a move back towards the mean, invalidation is price acceptance outside the range lows

$HYPE is the coin that front runs bottom formations every time we see a sharp correction
One of the best looking charts in crypto at the moment. However not the best to trade for lower time frame considering the price action and the way it trades.
Personally looking to bid around the range lows between $27-28 for a target towards previous month high. Invalidation is price finding acceptance below the green box marked

One mistake I see amateur traders make is how optimistic and pessimistic they get upon price swings in a ranging market
Ranging market filters to keep in mind:
1. Low realised volatility score = (High+Low)/2 across 20/40/60 days
2. Confined to value (Draw volume profile tool across 10-20-30 days and see how many times has it broken above or below value area)
Any extreme impulse is more often than not in a choppy market is an easy fade. These can also be your news driven events creating the volatility. So it is much more profitable to wait for some confirmations to look for continuation setups

$BTC move was a bunch of shorts covering after an expected and broadcasted event people had been positioning for, for weeks
CME open reaction + spot flows tomorrow determine if we can have some follow through to 75-80k or not
Notes on chart👇

Very happy with this strength in $BTC today
Honestly it was a heavily anticipated event and there was some insane short covering (perps and options) after the first headlines hit
Still hold all my spot and very happy to DCA down till 55k as per original plan, as for perps, have just stayed out after the 68k->63k short and 62k->69k long. No need to go hard after monthly profit targets are already hit

In the last $BTC trade, we left long orders for over 2 weeks to catch the $62->68k move
Good level to reject from right now with nPOC taken, range VaH rejected from and now rotating all the way down to VaL
Think you want to TP around here or trail stops. Wait for next trigger

Trendlines can be a very great added confluence to your trading
On higher time frames these can act as the gauge for the overall trend and help trade in the right direction