I have updated the charts on BTC to more of what i am looking at but i want to drill down a little more with my strategy.
First, I want you all to keep this in mind. We could be going down more before going up. Which is fine for the strategy I will be implementing. If you look at the daily chart, we could very well have more downside.
On the smaller time frames we are getting divergences, MACD's crossing and some patterns like this potential bull flag forming that could drive it up. Outlined on the chart above.
It's important to keep the POTENTIAL larger picture in mind, because for this strategy you have to. I am telling you what I am doing, which is laddering buys, very deep on these pairs martingale style to play these bounces. If you have been reading my posts, you know I have been saying btc has the potential to go down to 4k. It might not! What happens after this bounce will tell all, but for right now, we can profit on the way up.
In the interim, we'll be targetting btc 8.5k area for a move up.
This strategy will prevent major loses and allow me to play bounces as they come. Please read up on the martingale strategy if you have not.
Happy Trading,
-Sherem
First, I want you all to keep this in mind. We could be going down more before going up. Which is fine for the strategy I will be implementing. If you look at the daily chart, we could very well have more downside.
On the smaller time frames we are getting divergences, MACD's crossing and some patterns like this potential bull flag forming that could drive it up. Outlined on the chart above.
It's important to keep the POTENTIAL larger picture in mind, because for this strategy you have to. I am telling you what I am doing, which is laddering buys, very deep on these pairs martingale style to play these bounces. If you have been reading my posts, you know I have been saying btc has the potential to go down to 4k. It might not! What happens after this bounce will tell all, but for right now, we can profit on the way up.
In the interim, we'll be targetting btc 8.5k area for a move up.
This strategy will prevent major loses and allow me to play bounces as they come. Please read up on the martingale strategy if you have not.
Happy Trading,
-Sherem
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and if my martingale strategies and ideas are supporting your trading, please let me know with that like button.
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Still looking good if we zoom in.
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If anyone is looking for more detail with how I trade with my martingale strategy, I did a write up on it -
