Besides some simple scalps, I have been sitting on the sideline today.
Catch the bottom? No thanks, that's not for me. I very much prefer lower risk setups, and by definition, catching the bottom is buying against the trend. Same for catching top, you are selling against the trend.
Rant:
- No wave counts, no indicators, just candle sticks and fibonacci.
- Why? Candle stick = Market psychology; fibonacci = ruler of nature.
- textbook trend reversal set up.
- textbook pullback to re-test, giving opportunity to buy.
- SL is below support. I will not be using it. If it drops to 5K, I cringe, deal with it, and buy more at 5K. Why? Because it's bitcoin. You ask what if it sinks to $10? Well too bad, I will sink with it.
Catch the bottom? No thanks, that's not for me. I very much prefer lower risk setups, and by definition, catching the bottom is buying against the trend. Same for catching top, you are selling against the trend.
Rant:
- No wave counts, no indicators, just candle sticks and fibonacci.
- Why? Candle stick = Market psychology; fibonacci = ruler of nature.
- textbook trend reversal set up.
- textbook pullback to re-test, giving opportunity to buy.
- SL is below support. I will not be using it. If it drops to 5K, I cringe, deal with it, and buy more at 5K. Why? Because it's bitcoin. You ask what if it sinks to $10? Well too bad, I will sink with it.
Commentaire:
In my opinion, this pullback is also a phenomenal opportunity to build long term portfolio. (Talking about 1yr+ hodl positions)
Commentaire:
pullback to .382, didin't get to .618 I am in
Commentaire:
I just wanted to mention that although this is a strong reversal signal, the real confirmation won't come in a few weeks until we've enough data.
Commentaire:
shooting star forming on 4 hr chart take care with long positions
Trade fermée manuellement:
Watch your pants
Watch your pants
Commentaire:
4 hour closed as a green dogi.
Wait for more data.
Wait for more data.
Transaction en cours:
Super super high r/r ratio.
Super super high r/r ratio.
Transaction en cours:
Buy zone reached. I'm in targeting 8900-9000
Buy zone reached. I'm in targeting 8900-9000
Commentaire:
Bounced with volume!
The great thing about these high r/r ratio set up is that you can play much larger position sizes!
The great thing about these high r/r ratio set up is that you can play much larger position sizes!
Commentaire:
Sorry that was a very fast entry! Only 7 minutes between post/hit target buy.
Let me know if you guys/girls got in!!!
Let me know if you guys/girls got in!!!
Trade fermée: ordre d’arrêt atteint:
unfortunately
Transaction en cours:
- I re-entered @1654
- SL 1580
- Still targeting 8.9K
- SL 1580
- Still targeting 8.9K
Trade fermée: ordre d’arrêt atteint:
welp~
That's two losses in a row, I'm taking a break tmr~
That's two losses in a row, I'm taking a break tmr~
Commentaire:
Haven't had a losing day in a while, but...
Down a few hundred $ today, will post my mistakes on the weekend.
Down a few hundred $ today, will post my mistakes on the weekend.
