מעודכן
Bitcoin FOMO: Tips for hittin' the big dirty
Full original post here: aurie.me/bitcoin-fomo-edition/ (I'm not selling anything)
Quoting In Part:
Broader terms looks bullish AF and BTC looks like it's come back to life. Enormous upside potential and resounding bullish technicals.
On the down side, there is no support for these prices. A pullback could be dramatic and almost seems logical. We have to wait for cover to get long [update: got a bit since time of writing]. Luckily, the R:R potential here on shorts is also very attractive – if we’re careful (explosive upside potential in the background).
Selling lower highs on the 4H plus seems like a good plan while we wait to buy higher lows. [update: didn't get any from time of writing but the idea help up - not sure if there was a clear entry signal though. R:R shorts still add up from here but think this trade could be ending soon enough.]
The best entry confirmation for me is a volume burst confirming effort (15M is okay). Whichever way you’re going, wait for the burst to establish the range and for a low volume pullback to enter. If you notice the market come to a near silence after the chaos – giving back much of the range, that is last call for discount. You better be on it because it’s a fast train outta the hurt locker. You need to get as extreme in the range as possible for your entry because your stop is a new high or low (depending on side) of the volume burst candle. The more extreme, the lower your risk, the bigger your position size. Make sense? Thought so.
TV BONUS: 3 trade plans (see chart) for the current BTC market
Quoting In Part:
Broader terms looks bullish AF and BTC looks like it's come back to life. Enormous upside potential and resounding bullish technicals.
On the down side, there is no support for these prices. A pullback could be dramatic and almost seems logical. We have to wait for cover to get long [update: got a bit since time of writing]. Luckily, the R:R potential here on shorts is also very attractive – if we’re careful (explosive upside potential in the background).
Selling lower highs on the 4H plus seems like a good plan while we wait to buy higher lows. [update: didn't get any from time of writing but the idea help up - not sure if there was a clear entry signal though. R:R shorts still add up from here but think this trade could be ending soon enough.]
The best entry confirmation for me is a volume burst confirming effort (15M is okay). Whichever way you’re going, wait for the burst to establish the range and for a low volume pullback to enter. If you notice the market come to a near silence after the chaos – giving back much of the range, that is last call for discount. You better be on it because it’s a fast train outta the hurt locker. You need to get as extreme in the range as possible for your entry because your stop is a new high or low (depending on side) of the volume burst candle. The more extreme, the lower your risk, the bigger your position size. Make sense? Thought so.
TV BONUS: 3 trade plans (see chart) for the current BTC market
הערה
This post was from the other day but wanted to share it here because the ideas still hold up. Some of the things I'm still looking at today.Again, I'm really bullish on this but until I see some tested support I'll draw my own line in the sand for spots. If we come back and test these local lows with some volume than my long targets will need to be updated.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.