My style is minimalistic and over the years I´ve cleaned up my chart progressively. My most important indicator is PRICE action, I ask myself WHO IS IN CONTROL BUYERS OR SELLERS? I look for evidence before pulling the trigger, support and resistance are confirmed only after the fact. I use VWAPS from relevant days in the market swing highs and swing lows are relevant.
Based on those principles I see sellers are losing control in BTC right at 40K ish and on COVID lows AVWAP, if demand doesn´t step up with conviction and sellers counter-attack BTC may lose 40K and mid 30K will be next target.
Based on this hypothesis I´m taking some longs with half my usual risk in MATIC, ALGO and LINK. I´m a swing trader and I always use stops, risk MGMT is priority # 1 for me. If I see weakness in the next coming days I will hedge with some ETHDOWN.
Good luck to everyone.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.