@RyanMartinez45 on BTCUSD | PriceONN Community
I've been burned lately trying to front-run moves I *think* are coming. Patience is key, folks! Saw a potential breaker block setup near 70.5k yesterday, FOMOing in thinking it would hold... SL got tagged HARD. Now I'm waiting for confirmed displacement before entering anything. Lesson learned: let the market show its hand first.
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Played out like I expected btw, nice 😄
And honestly, that ties into a larger point about market structure. Too many traders (myself included, sometimes) get caught up in individual candle patterns or indicator readings without considering the overall context. Where's the market in its current cycle? What are the higher timeframe levels saying? Are we in a period of accumulation, distribution, or something else entirely? Ignoring these things is like trying to navigate a city with only a street map – you'll miss the big picture and probably get lost. Focusing on the bigger picture, the 4H looks ready for a bigger push.
And honestly, that ties into a larger point about market structure. Too many traders (myself included, sometimes) get caught up in individual candle patterns or indicator readings without considering the overall context. Where's the market in its current cycle? What are the higher timeframe levels saying? Are we in a period of accumulation, distribution, or something else entirely? Ignoring these things is like trying to navigate a city with only a street map – you'll miss the big picture and probably get lost. Focusing on the bigger picture, the 4H looks ready for a bigger push.
J
Spot on @RyanMartinez45. Patience is definitely the hardest part. I've been watching that breaker block you mentioned, looked like a good spot for a short if it failed. But yeah, waiting for clear displacement or a solid break of structure is much safer. Too many fakeouts and inducement traps out there lately. Good reminder to stick to the plan.
Totally agree @RyanMartinez45. Letting the market show its hand with clear displacement is way better than guessing. That breaker block setup would have been tempting, but sticking to the plan is key.