OKCOIN:BTCUSD1W   Bitcoin / Dollar Forward 1 Week
https://www.youtube.com/channel/UC4rdPM60cq3PfobQDy1e8jQ

We talked about this in my last video... high probability trade, with huge reward potential

I will talk about this on monday and make a video dedicated to this fractal pattern

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@ballertrader
www.ballertrader.com
598XT045
2 years ago
Do you think shorting quarterlies may be a better call? or are you going to short biweekly then they turn into weekly after settlement.
+1 Reply
BallerTrader 598XT045
2 years ago
shit i forgot to consider that for like the 4th week in a row
Reply
janos666
2 years ago
I have a similar target.
Let

I don't play on Futures. If I did, I would use the one with the longest contract times which has sufficient liquidity for me (up to a certain threshold). Only those who move the price on their own (at a significant scale) might benefit from forced settlements.
+1 Reply
BallerTrader janos666
2 years ago
yea i agree about longer term.... that feel when u just opened contracted that expire in 5 hours o-o
Reply
ChartArt
2 years ago
Executive Summary: Buy the dip.

I longed right there, deeming it a high probability trade based on the fact that BTC was only 6-12 hours away from a massive bullish breakout being so close to break 1430 CNY. But looking at my indicators it seems that Bitcoin traders love to dump every time when the price is only moments away from being even more confirmed bullish. I mean I have fine tuned my indicators to show me very early when the market is trending up (https://www.tradingview.com/chart/BTCCNY/Rx8VThFb) and in this case ALL of my top indicators had a confirmed bullish crossing signal on the daily chart for the first time. The only risk I saw was that mainstream traders would sell here, because the super lagging MACD did not yet show the uptrend on the daily and was still showing the downtrend from the last days, being "red". Which is also why Bitcoin always dumps so hard, because the underlying trend is most times already 85%-90% bullish and the short-term traders essentially capture the opportunity of kicking the price down in the very very last moment, when the price is at its maximum peak, but most lagging indicators like the MACD are still bearish on the daily and therefore convincing the rest of the market to give up their position and sell. In my analysis the MACD on the daily was only around 20-24 hours away from showing the "green" bullish cross signal. And when the MACD is showing a buy signal it is always to late to buy already. The optimal entry is always to buy right before the MACD turns bullish. It's a small risky timing area, but the risk is worth it.
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ChartArt ChartArt
2 years ago
And yes, the price was very overbought there, but most times Bitcoin traders don't care about buying even more in already super extreme overbought areas.
Reply
janos666 ChartArt
2 years ago
I don't usually take the MACD into consideration with a significant weight but when/if I do, I am looking solely at it's histogram and when it's tangent turns horizontal.
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