I marked out Order Blocks to determine a range for where APE is likely to be trading at, keep in mind... Markets are fractal
Price is above the 4H Value Line, which means that we are biased towards long trades, we make value lines on a smaller timeframe (5 minute timeframe in this case) and wait for price to go below those value lines, we buy when the RSI is oversold while the price is below the recent 5 minute value line
Value lines are centers of the latest contraction zone (lower high followed by a higher low; or higher low followed by a lower high)
I also use my Trend Probability Indicator and see that BTC is bullish on the 1D timeframe, which means there is more potential upside for the crypto market in the mid-term; this is important if we want to build a larger position for the mid-term (if you don't want to be an intraday trader!)
This trade is 2.24 Risk to Reward, I risk 2% of my capital on this trade
Not financial advice, I am just sharing what I AM DOING!
Price is above the 4H Value Line, which means that we are biased towards long trades, we make value lines on a smaller timeframe (5 minute timeframe in this case) and wait for price to go below those value lines, we buy when the RSI is oversold while the price is below the recent 5 minute value line
Value lines are centers of the latest contraction zone (lower high followed by a higher low; or higher low followed by a lower high)
I also use my Trend Probability Indicator and see that BTC is bullish on the 1D timeframe, which means there is more potential upside for the crypto market in the mid-term; this is important if we want to build a larger position for the mid-term (if you don't want to be an intraday trader!)
This trade is 2.24 Risk to Reward, I risk 2% of my capital on this trade
Not financial advice, I am just sharing what I AM DOING!
Join my community where i share signals and my secret algos:
Telegram:
t.me/ikkeomarfree
I can also pass funded accounts for you!
$50,000 accounts
Just dm my Telegram @IkkeOmar
Telegram:
t.me/ikkeomarfree
I can also pass funded accounts for you!
$50,000 accounts
Just dm my Telegram @IkkeOmar
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
Join my community where i share signals and my secret algos:
Telegram:
t.me/ikkeomarfree
I can also pass funded accounts for you!
$50,000 accounts
Just dm my Telegram @IkkeOmar
Telegram:
t.me/ikkeomarfree
I can also pass funded accounts for you!
$50,000 accounts
Just dm my Telegram @IkkeOmar
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.