This BTC chart is to show my story in CRYPTO and TECHNICAL ANALYSIS.
My strategy is to have 1 BTC and ETH chart that shows my whole TA story. All my other charts are a lot more clear.
I am a massive fan of Classical Charting. I have learnt from some of the best in the industry such as Bigcheds, Peter Brandt, Bill Noble from Tokenmetrics.
Then I used everything that I learnt and created my own style because with Technical Analysis everyone has there own unique style.
If I had not created a trading journal, used proper risk management, developed my own strategy. I would be setting myself up to fail for a much longer time.
Creating my own story in the charts and developing my own style has set me up to make a lot better decisions in the future.
I am not bothered by the chances missed in the past, but the better investments I can make in the future. This has allowed me to remove emotions when looking at the markets and charts.
My BTC THESIS is that it bounces off the 55 EMA on the WEEKLY TF because BTC bounced off it 7 times in the summer which is a great Buy Zone and BULLISH signal.
I also like the DOUBLE TOP pattern with the large FALLING WEDGE and small FALLING WEDGE patterns in play.
If these strategies fail then I see a big bounce from the 30K level. This is huge SUPPORT and a interest area for most buyers.
Not Financial Advice but I hope my story helps other traders.
My strategy is to have 1 BTC and ETH chart that shows my whole TA story. All my other charts are a lot more clear.
I am a massive fan of Classical Charting. I have learnt from some of the best in the industry such as Bigcheds, Peter Brandt, Bill Noble from Tokenmetrics.
Then I used everything that I learnt and created my own style because with Technical Analysis everyone has there own unique style.
If I had not created a trading journal, used proper risk management, developed my own strategy. I would be setting myself up to fail for a much longer time.
Creating my own story in the charts and developing my own style has set me up to make a lot better decisions in the future.
I am not bothered by the chances missed in the past, but the better investments I can make in the future. This has allowed me to remove emotions when looking at the markets and charts.
My BTC THESIS is that it bounces off the 55 EMA on the WEEKLY TF because BTC bounced off it 7 times in the summer which is a great Buy Zone and BULLISH signal.
I also like the DOUBLE TOP pattern with the large FALLING WEDGE and small FALLING WEDGE patterns in play.
If these strategies fail then I see a big bounce from the 30K level. This is huge SUPPORT and a interest area for most buyers.
Not Financial Advice but I hope my story helps other traders.