Gotta Break soon
Updated
Sooooo bored watching the wedge play out over the past 8 Months
I don't even put diagonals on charts but this one is just too obvious and has been boucing BTC off its lines all year
The good thing about it is it's gotta end soon since my meaningless lines will touch in a couple of weeks
On the 1w timeframe I quite like this set up and will play it leveraged gently completely by the book,"wait for the breakout confirmed on the 4h/1d and they buy the retest "
But overall my gains have all come from trading the main holdings in and out without leverage on the simple rule "buy when you break up through the 20d SMA and sell when you drop again"
If I didn't piss about with anything else I'd have done really well this year but (and the backtest is insanely good)
Remember tho TA is fake and none of this works
I don't even put diagonals on charts but this one is just too obvious and has been boucing BTC off its lines all year
The good thing about it is it's gotta end soon since my meaningless lines will touch in a couple of weeks
On the 1w timeframe I quite like this set up and will play it leveraged gently completely by the book,"wait for the breakout confirmed on the 4h/1d and they buy the retest "
But overall my gains have all come from trading the main holdings in and out without leverage on the simple rule "buy when you break up through the 20d SMA and sell when you drop again"
If I didn't piss about with anything else I'd have done really well this year but (and the backtest is insanely good)
Remember tho TA is fake and none of this works
Note
Wait for the break and buy the retest.
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