Hello my subscribers and occasional guests!
After my last ideas, dozens of subscribers wrote messages to me asking how not to lose the money, how not to give in to FOMO and at the right time to buy at the bottom. Thank you very much for your messages!
Yesterday I showed you how to trade using the example of the amount of longs and shorts. Yesterday’s idea always works perfectly and I have been using it constantly for over a year.
Today I will show you how the index of fear and greed on cryptocurrency works.
This strategy is even simpler than it was yesterday. It is suitable for all new traders. It is not necessary to draw Elliott waves , Fibonacci levels, and etc (although of course they are also necessary in trading).
I also use the index for a long time and never let me down. Of course it is better to work with it in conjunction with other indicators for confirmation.
As shown in the graph, the FOMO zone is above 50. This is the level where you need to close the long and start looking for the level for the short. My subscribers and I opened a short at a peak at $4200, at that moment the euphoria was at the level of 63 and all promised a rise to $5000, and someone already to $20000)))
Level 15-50 is a waiting area, there is no need to take any actions in it, if you opened a short in the euphoria zone, just move your stop loss.
And the most interesting is the FUD level, this is the level where basically everyone buries a cryptocurrency and promise that it will fall to $1000))).
In this zone we are sure to close our shorts in order not to become a fuel for manipulators. Although very many traders at this level open their shorts, wait Bitcoin for $1000 and fall into the bear trap.
In FUD zone we begin to open our longs. No need to go all your money at once. Personally, I buy levels, excample 15 zone - 20%, 13 zone - 30%, 10 zone - 40%.
That's the whole strategy that will always bring you profit.
I will be very happy if you rate my work with your likes, comments and subscriptions!
Previous ideas:
After my last ideas, dozens of subscribers wrote messages to me asking how not to lose the money, how not to give in to FOMO and at the right time to buy at the bottom. Thank you very much for your messages!
Yesterday I showed you how to trade using the example of the amount of longs and shorts. Yesterday’s idea always works perfectly and I have been using it constantly for over a year.
Today I will show you how the index of fear and greed on cryptocurrency works.
This strategy is even simpler than it was yesterday. It is suitable for all new traders. It is not necessary to draw Elliott waves , Fibonacci levels, and etc (although of course they are also necessary in trading).
I also use the index for a long time and never let me down. Of course it is better to work with it in conjunction with other indicators for confirmation.
As shown in the graph, the FOMO zone is above 50. This is the level where you need to close the long and start looking for the level for the short. My subscribers and I opened a short at a peak at $4200, at that moment the euphoria was at the level of 63 and all promised a rise to $5000, and someone already to $20000)))
Level 15-50 is a waiting area, there is no need to take any actions in it, if you opened a short in the euphoria zone, just move your stop loss.
And the most interesting is the FUD level, this is the level where basically everyone buries a cryptocurrency and promise that it will fall to $1000))).
In this zone we are sure to close our shorts in order not to become a fuel for manipulators. Although very many traders at this level open their shorts, wait Bitcoin for $1000 and fall into the bear trap.
In FUD zone we begin to open our longs. No need to go all your money at once. Personally, I buy levels, excample 15 zone - 20%, 13 zone - 30%, 10 zone - 40%.
That's the whole strategy that will always bring you profit.
I will be very happy if you rate my work with your likes, comments and subscriptions!
Previous ideas:
Note
Forgot to share with you the link to the source:alternative.me/crypto/
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.
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.