Riding the Crypto Wave – A Hypothetical Strategy
Updated
As an individual who has stepped back from cryptocurrency trading due to concerns over prevalent wash trading, I've moved away from the tumultuous seas of crypto. Nevertheless, let's indulge in a little speculative strategy on how one could "ride the wave" if they were still participating in the market.
-Disclaimer-
This strategy is a subjective thought exercise. It doesn't entail actual financial advice, and I am not currently trading cryptocurrencies myself.
-Remember Peace of Mind-
Whatever approach you choose, maintaining your peace of mind is paramount. If the stress is too high, it may be wise to consider more regulated markets such as stocks, though they come with their own set of complexities like dark pools and FTDs.
While my skin isn't in the game anymore, theoretical approaches to navigating the crypto waters can still be intriguing. Always remember that the key is finding a strategy that aligns with your goals and comfort level, regardless of the asset class you're dealing with.
-Disclaimer-
This strategy is a subjective thought exercise. It doesn't entail actual financial advice, and I am not currently trading cryptocurrencies myself.
-Remember Peace of Mind-
Whatever approach you choose, maintaining your peace of mind is paramount. If the stress is too high, it may be wise to consider more regulated markets such as stocks, though they come with their own set of complexities like dark pools and FTDs.
While my skin isn't in the game anymore, theoretical approaches to navigating the crypto waters can still be intriguing. Always remember that the key is finding a strategy that aligns with your goals and comfort level, regardless of the asset class you're dealing with.
Note
Falling wedge pattern idea was a reach admittedly. Still see a double bottom forming in the long run. I'll let the chart run and we can see how accurate it is by May 2025. Good luck!Note
Quick update ...hard to let go of the falling wedge pattern because it just fits IMO. I believe I was just early in my analysis of the pattern. Take Care
Note
Will the same pattern repeat? Is it that simple? We will see.
Note
Note
Trade closed manually
This is going to take a while IMO. Take care
Note
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.