
aoc | Crypto Trader
about 3 years ago
$BTC and $ETH trade ideas. Here's what to expect for the next move. 🧵
1️⃣ Bitcoin's gap has been filled completely, so a downswing is possible. However, the ultimate target is still the $28,660 mark at the CME gap. But we can expect some retracement to grab sell-side liquidity before going there. [img:r2D9F4vRd]
2️⃣ Ethereum is following a similar pattern as Bitcoin, but you should keep an eye out for the fair value gap at $1560. At the moment that's looking like the bearish retracement target. We will see once it hits that target if we should indeed go long. [img:uVQr-Bf-N]
3️⃣ Pro tip: Institutional traders always look at candle bodies for targets, as most of the liquidity is there, so have them in mind to mark your entries and TPs. Wicks can be easily manipulated and only retail traders are looking at wicks.
4️⃣Remember, always be prepared for anything that could happen in the market. This thread has hopefully prepared you for what's to come, but just one last tip: The market can remain irrational longer than you can remain solvent.
If you liked this thread, you can get access to all my trades and market updates/reports here: theartofcrypto.co/our-group
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