What are your thoughts on breaking up what you're willing to invest in a particular pair (BTCUSD) into thirds?
One 3rd to buy now
One 3rd to buy a potential fall to the lower support line
One 3rd to buy an upswing to add to your position
We are both seeing similar things but only in a different way.
I'm using Wyckoff Schematics and special indicators of my own. As shown in this publication below. Thanks again for sharing. It's always nice to see if I can find a consensus with fellow traders.
My argument in the publication above is we are seeing the beginning stage of Phase C in a Wyckoff Accumulation Schematic #1.
It is in phase C that the coin/stock price goes through a decisive test of the remaining supply, allowing the “smart money” operators to ascertain whether the stock is ready to be marked up. A spring is a price move below the support level of the TR 1.61% (Trading Range) established in phases A and B that quickly reverses and moves back into the TR 1.61% . It is an example of a bear trap because the drop below support appears to signal resumption of the downtrend. In reality, though, this marks the beginning of a new uptrend, trapping the late sellers, or bears. In Wyckoff's method, a successful test of supply represented by a spring (or a shakeout) provides a high-probability trading opportunity. A low-volume spring (or a low-volume test of a shakeout) indicates that the coin/stock is likely to be ready to move up, so this is a good time to initiate at least a partial long position with the capital you're willing to invest in the particular coin/stock.
Fair enough. It's what people are "comfortable" with. I certainly feel more comfortable with my way of trading by breaking it up into thirds. Otherwise, I would be pulling my hair out and chewing my nails off at times while wondering what will occur. ROFL...
Thanks again for the reply.
Sure, and thank you.
Here's some humor for you in a 55 second video. FIRST - TURN UP THE VOLUME ... THEN PAY ATTENTION TO THE PRICE TICKER WHILE SHE MAKES COMMENTS. HILARIOUS - https://twitter.com/wolfejosh/status/972654012314025986