K Noobs * NOT TRADING ADVICE*
As per my ideas, I have been long crypto all year and a little prematurely last year; waiting for alt season.
I also shorted the last btc top in June '19.
Most of you now think it's alt season but it isn't
However, btc.d is mortally wounded
So this will be a good year for alts
I don't trend trade and i don't trade short term
How i trade won't work for most people
BASIC TRADING STRATEGY
1. Know your market. I have been doing FA on crypto for a few years. People think it doesn't matter but it does.
2. Think different. Retail trend trading can work to a point. I use esoteric analysis to give me an edge combined with the above.
3. Crypto whales buy into extremes of market sentiment. It may be possible to reproduce this with small accounts. You would need to use no/low lev and no stops.
4. TA. I mainly use gann and trendlines.
BTC
BTC has some issues. Mainly scaling and POW vs the eco agenda (agenda 21/2030). Libra or similar looms large and u will notice the last 'bull run' came close to libra launch last year. People think BTC is now in a bull market. It isn't. This is still a bear market/ c wave. This is a pre halvening suckers' rally.
ALTS
Btc.d has broken. Alts will have a good year. Eth/btc looks to be in early bull.
TOTAL 2
Total 2 has done great. It's probably going to correct a little now.
COLLEAGUES
It's nice to bounce ideas off people and i would advise u to follow Swoop6 and @TheCryptoChartWhisper who imho are the best crypto traders on this site.
As per my ideas, I have been long crypto all year and a little prematurely last year; waiting for alt season.
I also shorted the last btc top in June '19.
Most of you now think it's alt season but it isn't
However, btc.d is mortally wounded
So this will be a good year for alts
I don't trend trade and i don't trade short term
How i trade won't work for most people
BASIC TRADING STRATEGY
1. Know your market. I have been doing FA on crypto for a few years. People think it doesn't matter but it does.
2. Think different. Retail trend trading can work to a point. I use esoteric analysis to give me an edge combined with the above.
3. Crypto whales buy into extremes of market sentiment. It may be possible to reproduce this with small accounts. You would need to use no/low lev and no stops.
4. TA. I mainly use gann and trendlines.
BTC
BTC has some issues. Mainly scaling and POW vs the eco agenda (agenda 21/2030). Libra or similar looms large and u will notice the last 'bull run' came close to libra launch last year. People think BTC is now in a bull market. It isn't. This is still a bear market/ c wave. This is a pre halvening suckers' rally.
ALTS
Btc.d has broken. Alts will have a good year. Eth/btc looks to be in early bull.
TOTAL 2
Total 2 has done great. It's probably going to correct a little now.
COLLEAGUES
It's nice to bounce ideas off people and i would advise u to follow Swoop6 and @TheCryptoChartWhisper who imho are the best crypto traders on this site.
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i then locked the scaleNote
i then added another 45 degree down fann at the '19 high Note
The 1-1 ray of the fann should be at 45 degreesNote
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This is a top until otherwise proven i don't care if it's 10.5k or 11k or 11.5k; i have managed my risk but trend trading is probably safer for most of retailNote
also added some fibs Note
Might be worth following joe007 on finex. If u search my ideas u will see why. He's heavily short and heavily underwater. I think that will change. leaderboard.bitfinex.com/ glug glugNote
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could go to 11 or over but idc i'm not top buying here Note
NOT A BULLRUN
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The Big Picture
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look where it bounced
;-)
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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.