Daily View of BTC
Daily TF Tested the 100 MA on the daily that has been a key level of support to hold over the last year. Also of note, every time 
BTC broke the 50 MA it tested the 100 MA.
H4 held down by 20 and 50 EMA but 50 MA gave a bounce. Close above EMAs and 100 MA signals LTF reversal towards 60k again.
Daily close below 100 MA would be uber bearish to me as the last time we dropped 40%. Upside is high every time we swing pass the last high.
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Top 10 trading tips:
1. DO NOT FOMO into PUMPs.
2. Set a strategy and be consistent. The more you use the same strategy with the same $$$ amounts, you will be able to identify the winning set ups quicker and you will need to win less trades to be profitable over time.
3. Let your winners run and cut your losers short.
4. You will not win every trade, but if you are disciplined with great RM you don't need to be right all the time to win!
5. Before you enter a trade, make you know your target (or take profit target and let the rest ride) AND your exit strategy.
6. When you are up, you can use a trailing stop or trim off some profit at a logical resistance point with a stop loss at breakeven.
7. It is hard to deal with emotions when trading, set parameters up front so you keep your self accountable. (stop loss, take profit levels, etc)
8. Don't fight the trend. The trend is your friend.
9. Use multiple indicators to confirm your TA on price action.
10. Only trade what you are willing to lose. It will be hard to trade without emotions.
Please note:
- This is not financial advice.
- I do not take every trade I post.
- Never trade off of someone else's chart until you DYOR!
BTC broke the 50 MA it tested the 100 MA. H4 held down by 20 and 50 EMA but 50 MA gave a bounce. Close above EMAs and 100 MA signals LTF reversal towards 60k again.
Daily close below 100 MA would be uber bearish to me as the last time we dropped 40%. Upside is high every time we swing pass the last high.
——————————————————————————————
Top 10 trading tips:
1. DO NOT FOMO into PUMPs.
2. Set a strategy and be consistent. The more you use the same strategy with the same $$$ amounts, you will be able to identify the winning set ups quicker and you will need to win less trades to be profitable over time.
3. Let your winners run and cut your losers short.
4. You will not win every trade, but if you are disciplined with great RM you don't need to be right all the time to win!
5. Before you enter a trade, make you know your target (or take profit target and let the rest ride) AND your exit strategy.
6. When you are up, you can use a trailing stop or trim off some profit at a logical resistance point with a stop loss at breakeven.
7. It is hard to deal with emotions when trading, set parameters up front so you keep your self accountable. (stop loss, take profit levels, etc)
8. Don't fight the trend. The trend is your friend.
9. Use multiple indicators to confirm your TA on price action.
10. Only trade what you are willing to lose. It will be hard to trade without emotions.
Please note:
- This is not financial advice.
- I do not take every trade I post.
- Never trade off of someone else's chart until you DYOR!
Note
KISS. Above green box we guchi. copy previous bounces and we are 90k :)
Trading bonus:
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Phemex: Referral Code= EC7RK2
Trading bonus:
Phemex: Referral Code= EC7RK2
Phemex: Referral Code= EC7RK2
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