The way real money will be made is BTC goes North....
Updated
This is the way real money would be trading BTC......
With spreads that are equal H4 ranges and Hourly ranges that can spike to daily ranges you can forget your flags, tight stops,
MA's, Stochastics...... and childrens chart drawings.
Research it fundamentally, and believe in it
or dont...
If you believe in crypto as a good prospect for long then Enter Long under-leveraged and hold on tight. If 6k comes and chews you out thats fine, under-leveraged you should only lose a few bob.
BUT... if we fly north, 11K for example, buy again,
cost average and take stops to BE Rinse and repeat till you feel like chipping on the green and holing
the putt.
Van Tharp's Candidates would be doing stuff like this.
With spreads that are equal H4 ranges and Hourly ranges that can spike to daily ranges you can forget your flags, tight stops,
MA's, Stochastics...... and childrens chart drawings.
Research it fundamentally, and believe in it
or dont...
If you believe in crypto as a good prospect for long then Enter Long under-leveraged and hold on tight. If 6k comes and chews you out thats fine, under-leveraged you should only lose a few bob.
BUT... if we fly north, 11K for example, buy again,
cost average and take stops to BE Rinse and repeat till you feel like chipping on the green and holing
the putt.
Van Tharp's Candidates would be doing stuff like this.
Note
At an interesting point in this trade. I actually bought some BTC, not BTCUSD a month ago and just holding it according to this trade idea above, I think I am close to knowing whether it will lose or carry on and lose later or maybe... win some.Lets see.I think alot of amatuer longs are cleaned out now, and the amatuer shorts are getting quite over confdent all feeding on terrible ambiguous and overconfident commentary from analysts like MagicPoopCannon
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