WyckoffMode

Considier Implementing a Trailing Stop NOW to Protect Gains.

WyckoffMode Updated   
BINANCE:LINKBTC   ChainLink / Bitcoin
Binance does not make available to its users the option to implement a trailing stop. That's one of the most important tools you need in your arsenal to keep losses small and gains large. If you have not done so already, I SERIOUSLY recommend searching the web for a 3rd party API who has a Trailing Stop as a feature on their platform. Unfortunately cannot recommend one in the comments section or in the video content to avoid being reprimanded by TV for doing so. There is also other advantages to using an API to trade rather than the exchange itself. However, I'm not going to get into that here in the comments section or video content.

A 3rd Party API I'm using has a monthly service charge. IT IS WORTH IT. WHY? Because it offers you more flexibility while offering you the ability to keep losses small and gains large. The amount of money you pay for a 3rd party API each month will pay for itself easily each month in my honest opinion. There are simply too many advantages to having that feature.

Happy Trading Everyone!

Stay Awesome!

David
Comment:
LINKBTC (Left); LINKUSDT (Middle) and BTCUSD (Right) 3-Day Time Frame for all three pairs: The Green Line for both LINKBTC and LINKUSDT are both nearing exhaustion of upward pressure in the 3-Day TF. It won't be long before we see a reversal to downward pressure for LINKBTC and LINKUSDT. We may already be seeing signs of that exhaustion now. However, it will become very OBVIOUS significant downward pressure has settled in by October, 28th or 31st, 2019.

The Green Line in the 3-Day TF for BTCUSD (Far Right) is far in advance of the Yellow Energy. Which means the Green Line in the 3-Day TF will exhaust much sooner than the Yellow Energy. Which also means the Yellow Energy will turn up WHEN the Green Line turns up. Which also means the Yellow Energy in the 3-Day TF will NOT make it down to the 20% level or lower on this current trip down. I'm anticipating reversal to SIGNIFICANT upward pressure for BTCUSD by October 28th or 31st, 2019.

Comment:
LINKBTC in Potential Wyckoff Distribution Schematic. Here is an example of one of several Wyckoff Distribution Schematics. Click on the image to enlarge the image: i.imgur.com/nOJl0Dd.png


Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.