BTC now set a 12h uptrend and broke the 4h Range bull.
Today bullbreaks usually get fast rejections as Pros sell into the moves.
Of course all this is happening while I am on holiday. LOL.
For me as an ALT COIN trader I like to see BTC D inside bars or D Eq´s or even D uptrends.
BTC sideways can lead to the BTC D dominance chart to pullback and give ALTS a few days of
Action- Capital Roation at work.
This is the time when I usually get very aggressive in establishing ALT coin positions
and just use this BTC H pullback low as my entry for ALTS or for adding to my ALT positions.
For you this means you need to get good at creating WATCHLISTS of ALT coins from different groups.
ALTS are either looking for´ W HLs to be set or M HL´s to be set. Some are just below ATH´s or some are in ATH´s. Some are above Weekly 12 ema . Some below.
Some have broken out of 2 D ranges and some are now testing 2 D resitances, etc
I like to take positions in a basket of ALTS from different looking charts as its very Hard to anticipate which group is going to move 1st. This is very intense as a strategy and takes years of experience as i manage up to 30 positions. 10-15 being the sweeetspot until I get overload.
To get used to it as a beginner focus on 1 coin , pick a chart, and play that.
then move to the next.
I have a playbook that includes around 25 different trades that i use regularly built over years and 10000´s of hours of trading and analysing charts!
You can also use the ALT/BTC pairing chart to choose those ALTS that are in great setups on their BTC pairings. usually (2)D FALLING WEDGES are great setup looking for W HL´s to finally get set.
e
good luck , I will keep you updated and post my sorted watchlists in the coming days.
Today bullbreaks usually get fast rejections as Pros sell into the moves.
Of course all this is happening while I am on holiday. LOL.
For me as an ALT COIN trader I like to see BTC D inside bars or D Eq´s or even D uptrends.
BTC sideways can lead to the BTC D dominance chart to pullback and give ALTS a few days of
Action- Capital Roation at work.
This is the time when I usually get very aggressive in establishing ALT coin positions
and just use this BTC H pullback low as my entry for ALTS or for adding to my ALT positions.
For you this means you need to get good at creating WATCHLISTS of ALT coins from different groups.
ALTS are either looking for´ W HLs to be set or M HL´s to be set. Some are just below ATH´s or some are in ATH´s. Some are above Weekly 12 ema . Some below.
Some have broken out of 2 D ranges and some are now testing 2 D resitances, etc
I like to take positions in a basket of ALTS from different looking charts as its very Hard to anticipate which group is going to move 1st. This is very intense as a strategy and takes years of experience as i manage up to 30 positions. 10-15 being the sweeetspot until I get overload.
To get used to it as a beginner focus on 1 coin , pick a chart, and play that.
then move to the next.
I have a playbook that includes around 25 different trades that i use regularly built over years and 10000´s of hours of trading and analysing charts!
You can also use the ALT/BTC pairing chart to choose those ALTS that are in great setups on their BTC pairings. usually (2)D FALLING WEDGES are great setup looking for W HL´s to finally get set.
e
good luck , I will keep you updated and post my sorted watchlists in the coming days.
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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.