#TheStrat BELUSDT 2-2 Rev Back Into TFC on 45M - Trade Set upNot a trade I am taking as I am getting ready for bed, but this was setting up nicely as an example to show the concept of timeframe continuity, and how we use it with reversals to create winning positions. The idea here is to re-enter after a strong first initial rally then retracement as soon as we see signs of full time frame continuity heading back in the direction of the major trend. We got our first trigger on the 15, which hit its magnitude at the trigger of the 45 min 2-2 reversal. We will see whether it continues to our target. From what I have seen so far, if we can maintain full timeframe continuity without getting stuck in a consolidation, price kind of just goes where it is supposed to. The entry and targets are on the 45 for anyone that wants to check back on this.
BELUSDT.P trade ideas
#TheStrat 3H 2-2 rev BELUSDT Trade Analysis - Billiard AnalogyA trade I took per Rob Smith's #TheStrat. Been using this strategy for about 2 months, and in that time been adapting my style of trading the strat to the crypto markets. When I entered this trade, I already had several 2-2-2 continuations in force on the 45 ,15, and 30. I entered on the hourly continuation which was triggered by the 2-1-2 continuation on the 5er, this also triggered the 3 hour 2-2 reversal, which was the main trigger I was wanting to trade. You can see on the chart that our first target also happened to be the trigger for the 6-hour 3-2 continuation. This goes back to the billiards analogy that Rob always makes. You always want to be thinking in terms of what other "balls" are you setting up while knocking others in. What does your next 2 create, negate, or do? If you trigger on a lower timeframe, how will that affect your higher timeframes? So this particular trade illustrates that well. We entered using multiple triggers on multiple timeframes, each confirming one another, and we look to trigger more higher timeframe triggers on our way to magnitude.
BELUSDT Long Signal BEL is ready to get into discovery mode. The retest of previous support was healthy before breaking away further.
Meanwhile all Alts are looking at ETH’s next move to follow. Fundamentally ETH is distant to spike up as next month holds good news for ETH.
Blue line = entry zone
Green lines = exit targets
Do you agree? If not, feel fee to share your thoughts in the comments below.
$BEL/USDT 1D (Binance Futures) Ascending channel on supportBella Protocol is up-trending inside that channel, it is likely to make a massive move-up if bounces on support.
Also, we can see it has broken-out bullish of that falling wedge and is now retesting it!
Current Price= 3.2669
Buy Entry = 3.2400 - 3.0100
Take Profit= 4.0610 | 4.9950 | 7.1170
Stop Loss= 2.499
Risk/Reward= 1:1.5 | 1:2.99 | 1:6.38
Expected Profit= +29.95% | +59.84% | +127.74%
Possible Loss= -20.03%
Fib. Retracement= 0.5 | 0.7862 | 1.272
Margin Leverage= 1x
Estimated Gain-time= 2 months
BELUSDT wants the breakout! 🦐the price wants the breakoutIf the price will have a breakout from resistance, According to Plancton's strategy (check our Academy), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.