Bitcoin follows the beat of its own drum! - VLOG #60BTC making me look like a clown!
Been a while since my last VLOG. Bitcoin has been wiping the floor with me, i had a call for top at 53k and BTC just destroyed me lmao.
Despite BTC breaking every bit of TA you can throw at it, breaking out of a descending triangle to the upside?!?!... despite that this is actually the most I've traded so far this year.
Important to be flexible with your bias, there have been good triggers for longs here, and even if I think its fookin whack that BTC breaks 50k, if it does it does and I gotta long! No choice!
Today I also took a look at LSS / STEP / THETA and RUNE
Spent some time reviewing LSS, was criminally undervalued and got a great correction. Seeing similar patterns to LSS across the alt space right now with HTF descending upper trend lines that are squeezing against major support.
PREDICTION = Could see a flush to below 60k soon, id love to see chop here and give alts a chance to moon.
=== TimeStamps ===
0:00 = Welcome
0:30 = BTC 1 day
2:00 = BTC doing the impossible
5:00 = Flipping bias
6:00 = Clear graph, fresh look
9:00 = BTC 1 weekly
9:30 = Terrible steak analogies
11:30 = LSS - Lossless - LSSUSDT
13:40 = LSS fundamentals
16:40 = STEP - STEP finance - STEPUSDT
18:05 = THETA
19:10 = RUNE
19:30 = Closing words
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NOT FINANCIAL ADVICE, please don't trade off solely my ideas. Always do your own TA and develop your own convictions.
STEP
Swissborg $CHSB / USDI've been a fan of this project for some time... buying at under $0.01 over a year back! They've created a good #yield revenue for their customers and are very transparent and open to the public about their direction
Looks like a clean step-like, parabolic curve for me. I'm hoping for another good move up into the $3.60 to $4.20 range where I'll be unloading some of this bag for a #dollar and a #Bitcoin split.
Trade at your own risk and good fortune :)
An Example of Trend Trading1. Just Identify the Trend And draw key level (Lower Low & Lower High in down trend and Higher High & Higher Low in up trend ).
2.then wait for prefect entry for example when you see some clear sings like price re test Lower High or false breakout from Lower Low in Downtrend (reversal pattern in this area like double top...)
3.put stop loss at the top of the Lower low in down trend
4.you can entry and take profit at next key level (Lower Low in down trend).or you can set take profit at the width of last rectangle area ( |LH-LL|).
*Patience and following the trend is important
*you can Have a more accurate entry point in lower timeframe
Using My strategy to create High Profit backtests ConsistentlyI created a strategy and an alert system based on simple indicators that can produce very high results. I think I am going to start posting some of my results weekly, open for critique. I've actually been using my alerts in the live market, and with pretty good success, but I figure it is always better to have some constructive criticism. I have a ton of experience with my scripts, and I built in a ton of margins for error, so results in real life are actually better than posted.
Not sure if I have a talent, or it is just hours of experience, but I am able to create backtests similar to the one shown in a couple of minutes. The backtest shown is for the past year, from November 2019 to November 2020, and it's on BTC on a 2 hour time frame. Let me know your thoughts on it!
If anyone is interested, I have the strategy open source for everyone to use and to learn from,but my alert system that matches up perfectly with it took some time to build so I kindly ask for $10/month for anyone to use it, BUT I will also send you free configurations to use, similar to the one below, on any coin or any chart that you invest with. I can create great backtests on ANY CHART using my strategy and techniques. I always aim for a mixture of high percent profitability and obviously net profit.
Does anyone have any criticism/doubt/suggestions on my backtest? I'm always looking to learn on how to get better.
OMG in Review Good Morning to Those Who Sleep in Late
Just a quick review of OMG on this Canadian Thanksgiving weekend. So it looks like we can casually see that OMG has been on a gradual upwards movement each 90 days showing a nice 30% price increase during these periods and the angle of assent has been a somewhat reserved 22%. I believe we can see OMG continuing this pattern until the end of this month and then we can continue chart to year end.
The only thing we had to deal with was that rapid spike in price in Sept ( for no reason that I know of, although I haven't researched it) A spike like that is an anomaly and I don't take them into account when I am looking at a chart, because as you can see, they come back down just as fast as they went up. Straight up and then straight down is a "wash" in my books, so I ignored it and continued on after it came down to earth. Some traders like this type of action, as they can short the asset at the peak of the spike and buy back at the bottom, but all it does for me is to screw up my perception of an asset that is moving in a nice predictable upwards fashion.
I think or hope OMG will continue to trade in a sideways pattern and we will write a nice 45% profit for this 3 month period. Hopefully we will see yet another upwards movement and this will add to our data to help confirm this upwards "step pattern" we have seen in the past.
So in any event, if you have been holding OMG during this period you are "in the money" as they say. Above and beyond my two stable positions with BTC and ETH I hold a few positions in the more crazy market of ALT coins, that are in some way involved in addressing the ETH 2.0 problems. I happen to like LINK for this reason.
In closing, I'm looking forward to reading more of your posts and I will be sure to include a reference to them in my future postings....good or bad. Have a pleasant day and it would be interesting to know where you are located in the world when you post because I enjoy many of the different perspectives from various cultures around the world.
Ward Weaire
Toronto, Canada
Oct 12, 2020
6:52 AM