BTC to 4k and Why Determining Trend Direction is Important
Updated
Monthly is also on the 3rd wave on the journey to 4k, although $0 is the end destination as crypto mining will eventually be banned or severely restricted. Ideally, a nice pump to $34,500 would have been an ideal pump and dump zone for liquidity providers, but every-time they try to pump and find buyers it is a complete ghost town - which is sadly pathetic and shows that BTC's ability to find new Ponzi participants is at an all time low. This is proven by the trading volume across all exchanges for all flavors of ScamCoins.
Q: How does all this relate to my trading?
A: What we are determining here is trend direction. We are in a clear downtrend. Never buy against the downtrend. Simply establish short positions, then if price moves against you buy additional short positions and improve your average, while maintaining a close TP point at around 130% to 360%. I've explained this before, but let's say you bought an initial position of 1k, then as the price moved up $1,000, you bought 4 additional positions - all at 100x leverage. Now, you sell at a130% TP, 30% covers your fees, and 100% X your positions is your profit.
All you have to be right on is the TREND DIRECTION, not the exact perfect entry.
Working small zones for thousands and thousands of percent profits becomes easy, even when trading sideways, because we KNOW the ultimate trend direction.
Rinse and repeat over and over, while taking profit often.
You're welcome...
Q: How does all this relate to my trading?
A: What we are determining here is trend direction. We are in a clear downtrend. Never buy against the downtrend. Simply establish short positions, then if price moves against you buy additional short positions and improve your average, while maintaining a close TP point at around 130% to 360%. I've explained this before, but let's say you bought an initial position of 1k, then as the price moved up $1,000, you bought 4 additional positions - all at 100x leverage. Now, you sell at a130% TP, 30% covers your fees, and 100% X your positions is your profit.
All you have to be right on is the TREND DIRECTION, not the exact perfect entry.
Working small zones for thousands and thousands of percent profits becomes easy, even when trading sideways, because we KNOW the ultimate trend direction.
Rinse and repeat over and over, while taking profit often.
You're welcome...
Comment
Just shorted at $19,996. Will short again at 21k, if it goes there. Beautiful shorting opportunities.Comment
Couldn't help myself, brought my average to Open Price
20373.50 @ 125x Leverage
Will continue buying in intervals, a lot of money to be made on this short.
Trade active
Trade closed: target reached
Cha-ching... Easy money...Comment
Know the trend direction, and profit over and over....
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