this study uses the standard deviations of an anchored VWAP from the previous ATH to project possible outcomes of the current bull run.
Price has been moving significantly similar to the 2017 run as it can be seen on the following charts.
When #Bitcoin Net Unrealized Profit/Loss (NUPL) hit this level in 2017, $BTC was at $2,000 \u2013 and made a 10x from there, large dips included.
— Rafael Schultze-Kraft (@n3ocortex) January 4, 2021
No, history doesn't repeat \u2013 but it's helpful to put things into perspective, and see where this could go.
Chart: https://t.co/fkWRJWAqjw pic.twitter.com/COHb6IayTA
#OpenDrive#intradaySetup
— Pathik (@Pathik_Trader) April 16, 2019
Sharing one high probability trending setup for intraday.
Few conditions needs to be met
1. Opening should be above/below previous day high/low for buy/sell setup.
2. Open=low (for buy)
Open=high (for sell)
(1/n)
Already explained strategy of #opendrive
— Pathik (@Pathik_Trader) May 27, 2020
Backtested results in 30 stocks and nifty, banknifty.
Success ratio : approx 40-45%
RR average 1:2
Entry as per strategy
Stoploss = Open level
Exit 3:15 PM Or SL
39 months 14 months -ve, 25 +ve
Yearly all 4 years +ve performance. pic.twitter.com/nGqhzMKGVy
So today we will discuss two more price action setups to get good long side trade for intraday.
— Pathik (@Pathik_Trader) June 20, 2020
1. PDC Acts as Support
2. PDH Acts as Support
#nifty
— Pathik (@Pathik_Trader) June 23, 2020
This is how it created long setup by taking support at PDC.
hopefully shared setup on last weekend helped. pic.twitter.com/2mduSUpMn5