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Following up with the trade and chart drawings from yesterday, we can see that we did in fact go above the BSL outlines in yesterday's edition, which would be a move of $1059 or 1.6% within 12 hours per Bitcoin. 

Once again, we are looking at the Bitcoin chart. Let's first examine the 15 min chart to get a better understanding of overall market direction. First, you must understand that if you enter via higher Timeframe bias, your RR is massively improved as you can find entries in the lower time frame but Take Profits at the higher Timeframe Targets. 

Bitcoin Live Trade, showcasing Risk Management, Entry techniques and much more

BTCUSD Live Trade in m1 using SMC and Fibo Trading 

In this Newsletter, I'll drop my opinion on trending tickers in stocks, crypto, forex, commodities, indices etc, give updates on past ideas and analysis and try to explain my strategy behind my trading style. Let's go!

Within the last 7 days we've seen some very interesting price action on the GME chart which visually showcases how accurate technical analysis can be and how much reward is actually possible using the right kind of strategies.

Here's a little update on the Trade I posted yesterday:

Even though I only trade intraday, I still go into timeframes that are way beyond that in order to build my bias for the respecting smaller timeframe. So even though this is a 1h analysis, let's look at the weekly chart first ⬇️

Zu Beginn eines Trades ist es wichtig nicht blindlings in den Trade einzusteigen, sondern aufgrund einer Strategie, mit einem Tradingplan und entsprechendem Risikomanagement den Trade zu planen: