Hi Guys!
Sorry for the late post as this few months I have been busy.
As in my previous post, I mentioned that I was in 3x short trade after I closed all my long trades at 38.3k. The reason I put 3x leverage is because I don't want people who follow me to take a risky trade. As for myself, I did 100x for this short trade and am currently in profit.
What next?: So for 4H Renko's box size is still at 150 which is good. I want to see this ATR value above 150. The bigger the brick size, the less fault it is. Now Stoch RSI is approaching back near 0 value. We will expect another slight bounce soon for the short term but I will wait till stoch rsi is settled at zero then, I will be considering opening a long trade while my short trade will be still opened.
Risk?: The only risk for short trade currently is in Renko 1D box size 450, MACD histogram flipped green and positive. This is the only risk we have now but overall Weekly trend is still bearish in Renko brick size 1250.
So who to trade? We need to monitor the 27.9k region so as not to break back up again. If we potentially see rejection at 27.9k region, we will see another leg down. I will be opening my long trade as soon as 4H Renko stoch RSI touches and fatten. I will update the comment once I open the long-trade. Cheers!
Previous post:
Sorry for the late post as this few months I have been busy.
As in my previous post, I mentioned that I was in 3x short trade after I closed all my long trades at 38.3k. The reason I put 3x leverage is because I don't want people who follow me to take a risky trade. As for myself, I did 100x for this short trade and am currently in profit.
What next?: So for 4H Renko's box size is still at 150 which is good. I want to see this ATR value above 150. The bigger the brick size, the less fault it is. Now Stoch RSI is approaching back near 0 value. We will expect another slight bounce soon for the short term but I will wait till stoch rsi is settled at zero then, I will be considering opening a long trade while my short trade will be still opened.
Risk?: The only risk for short trade currently is in Renko 1D box size 450, MACD histogram flipped green and positive. This is the only risk we have now but overall Weekly trend is still bearish in Renko brick size 1250.
So who to trade? We need to monitor the 27.9k region so as not to break back up again. If we potentially see rejection at 27.9k region, we will see another leg down. I will be opening my long trade as soon as 4H Renko stoch RSI touches and fatten. I will update the comment once I open the long-trade. Cheers!
Previous post:
Comment:
Guys! I am still holding my short. Renko 4H box size changed from 150 to 175. Price will go lower.
Comment:
Guys! I took profit on my short trade now. But I am not entering long. In Renko Daily, Brice size 450 stoch rsi has some room to reach value hundred. As i mentioned in this post, MACD histogram flip green. So I am monitoring if price will pump to 30k region.
Comment:
Renko 4H traditional brick size changed from 175 to 125. The smaller the brick size the higher to volatility will be. At this point, I am not yet bearish because Renko 1D brick size, stoch RSI has little room for bullish momentum. I am not doing any future trading but I am holding my long in Margin trade with low leverage.