are you aware of the 60 days dump cycle? if not google it or tweet, or just open your chart put up a daily time frame or weekly, you will notice that on average there's a 60 dump cycle on crypto. So what now? THAT CYCLE ENDS THIS WEEK AND MY BET IS THIS MIGHT BE A LOCAL BOTTOM. I'm not talking about capitulation which might happen between april and may, remember the sell in may say? So howw do we play this ?
First price is trading above 4hr pivot and 5 hr pivot , in in 2h we'll have the us open. I assulme that you have enough funds to play this so enter now 2 eth position size with stoploss around 1950. I know it's quite a huge stoploss but you have to play it safe. keep that stoploss until 6pm france time could be if we're still trading above pivot you will put your stoploss , i will update about it. so the play is long now but not much just 2 eth, then you'll add on the position in 4 hours;
remember risk managment is key; it's one hing guessing direction, almost everyone does, but actually trading the direction is another pair of shoes; my idea is to run the position up to 20 eth position size but i'll go slow and keep adjusting the stoploss , for now let's start small and go with 2 eth before us open
First price is trading above 4hr pivot and 5 hr pivot , in in 2h we'll have the us open. I assulme that you have enough funds to play this so enter now 2 eth position size with stoploss around 1950. I know it's quite a huge stoploss but you have to play it safe. keep that stoploss until 6pm france time could be if we're still trading above pivot you will put your stoploss , i will update about it. so the play is long now but not much just 2 eth, then you'll add on the position in 4 hours;
remember risk managment is key; it's one hing guessing direction, almost everyone does, but actually trading the direction is another pair of shoes; my idea is to run the position up to 20 eth position size but i'll go slow and keep adjusting the stoploss , for now let's start small and go with 2 eth before us open
Comment:
readjust your stoploss to 2350 i have ju_st added one more eth in my long position, remember patience is key money management is all we need
Trade active:
i am booking partial profit here, i'll be wxaiting for a drop to buy again. it looks like the market is going to look for a new higher low
Comment:
i am booking profit at 2783