Disclaimer:If you are primarily interested in copying other people’s trades then this is not for you. However, if you are willing to put in the work that it takes to learn how to trade for yourself then you have found the right place! Nevertheless please be advised that you can give 10 people a profitable trading strategy and only 1-2 of them will be able to succeed long term. If you fall into the majority that tries and fails then I assume no responsibility for your losses. What you do with your $ is your business, what I do with my $ is my business.
for my Comprehensive Trading Strategy | for my Comprehensive Trading Process | to learn about the 2 BTC’ to 20 BTC’ Trading Challenge
Consensio: M < P < S < L
Patterns: Phase 7 hyperwave | | Flag is starting to get too long in relation to pole
Horizontals: S: $3,557 | R: $3,578
Trendline: Just noticed how we got a nice pop after breaking through this TL. Tells me that might be an important area of resistance to breakthough
Parabolic SAR: $3,381
Curve: Backwardation with 0.75% spread
BTCUSDSHORTS: Testing local low, will it or create lower low? Lower low would be quite .
Funding Rates: Longs pay shorts 0.01%
TD’ Sequential: R4 = R3
Cloud: Thin cloud above 50 represents little resistance
Index: Bouncing from 50 retest which is
Average Directional Index: Continuing to roll over, will it support > 20? I think so.
Price Action: 24h: -0.1% | 2w: +5.2% | 1m: +1.2%
Bands: Squeezing with price above MA which is
Oscillator: Weekly buy signal
Summary: There are very few indicators that I am seeing. The Sequential is on a red 4 but other than that the picture being painted is quite . I have an urge to add to my long exposure but I am going to wait until the market moves more in my favor.
I love seeing the daily bounce off of 50 while the weekly is giving us a buy signal. I love seeing the price get squeezed in between the M and L while the L flattens out. I love seeing the pop that we got after the above was violated. I love seeing backwardation with price above the 2 week high. I like seeing the squeeze with price above MA.
I have build a good amount of long exposure and am hopeful that a strong bounce here will get the Trading Challenge out of the gutter. WIth one strong trend in my favor I can absolutely recoup the losses that I have experienced over the last 6 weeks.
That being said I am staying on my toes. If we break down from here then the market would be primed for capitulation. Crypto markets love to paint a picture right before dumping all over everyone. Sort of like what we saw during $6,000 consolidation.
Published at Fri, 15 Feb 2019 03:56:29 +0000
