my most profitable trade ever
(a detailed trade breakdown)
a thread 🧵
(a detailed trade breakdown)
a thread 🧵
context
20th December 2021:
- BTC towards the end phase of creating a fairly obvious triangle/wedge pattern.
- Resting liquidity is now above those series of lower highs
20th December 2021:
- BTC towards the end phase of creating a fairly obvious triangle/wedge pattern.
- Resting liquidity is now above those series of lower highs
further context
the gap:
beyond those series of lower highs (mentioned above), there is a gap in price action, a significant gap just beyond the last high of the series of lower highs.
this is where if price sees acceptance into, it can move really quickly to the upside.
the gap:
beyond those series of lower highs (mentioned above), there is a gap in price action, a significant gap just beyond the last high of the series of lower highs.
this is where if price sees acceptance into, it can move really quickly to the upside.
move into level
3 stages:
- short squeeze
- trapping early eager shorts
- running further internal liquidity into htf POI
the diagram below goes further into detail on all 3 stages in chronological order 👇
3 stages:
- short squeeze
- trapping early eager shorts
- running further internal liquidity into htf POI
the diagram below goes further into detail on all 3 stages in chronological order 👇
execution
- new longs opening into level (anticipate them being trapped)
- volume spike (at level of interest)
- extended delta max (at level of interest)
trade was executed upon the 15m candle close, back during this time, I was not as comfortable anticipating candle closes.
- new longs opening into level (anticipate them being trapped)
- volume spike (at level of interest)
- extended delta max (at level of interest)
trade was executed upon the 15m candle close, back during this time, I was not as comfortable anticipating candle closes.
execution (2)
I also wanted to note that this high was also a place in which I hedged my complete portfolio on BTC due the inefficiencies price would see acceptance into if we went any higher.
I've done a complete thread on hedging also if you want more context on that 👇
I also wanted to note that this high was also a place in which I hedged my complete portfolio on BTC due the inefficiencies price would see acceptance into if we went any higher.
I've done a complete thread on hedging also if you want more context on that 👇
trade management
price had taken max liquidity for those who had shorted within the triangle/wedge pattern stopping most shorts out
I saw a large drop as imminent, targeting to fill the large wick which was printed to the downside
price had taken max liquidity for those who had shorted within the triangle/wedge pattern stopping most shorts out
I saw a large drop as imminent, targeting to fill the large wick which was printed to the downside
trade management (2)
I had targeted to fill the wick which was my larger tp at 40%, however I had the idea of this day trade turning into a potential swing.
upon there being no sign of strength at internal liquidity nor once the wick was filled, I kept the remaining 60% open
I had targeted to fill the wick which was my larger tp at 40%, however I had the idea of this day trade turning into a potential swing.
upon there being no sign of strength at internal liquidity nor once the wick was filled, I kept the remaining 60% open
how the full story panned out in a complete diagram 👇
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