Disclaimer: If you are primarily interested in copying other people’s trades then this is not for you. However, if you are willing to put in the work that it takes to learn how to trade for yourself then you have found the right place! Nevertheless please be advised that you can give 10 people a profitable trading strategy and only 1-2 of them will be able to succeed long term. If you fall into the majority that tries and fails then I assume no responsibility for your losses. What you do with your $ is your business, what I do with my $ is my business.
Sawcruhteez Strategies: How to BUY THE DIP | Advanced Dollar Cost Averaging Methods
Previous Conclusion: Cup & Handle calling for $11,675
50 & 200 EMA’s
15m: Bullish
1h: Bullish
4h: Bullish
D: Bullish
4 & 9 EMA’s
W: Bullish
Patterns:
Bull Flag with $10,650 measured move:
Cup & Handle with $11,450 measured move:
Bull Channel:
Horizontals
R: $10,400 | $10,585 | $10,980
S: $9,700 | $9,500 | $9,200
Trendlines: Parabola held strong:
Futures Curve: Contango with 5.52% spread
Funding Rates: Longs pay 0.048%
TD Sequential :
Paying close attention to the 4h red 9's using HA candles. We have gotten one at / near each of the local lows except for yesterday when it bottomed on an 8:
Also paying very close attention to the 12h green 9's using HA candles. We gotten one at / near each of the local highs during the 2020 rally.
Buying the dip on the 4h 9's and taking profit on the 12h 9's sure has been a great swing trading approach over the past 6 weeks. Will be very interesting to see if that pattern continues.
Ichimoku Cloud: The weekly is telling us that something isn't right. As price is breaking above the kumo the bearish twist is getting more exacerbated. Also still haven't gotten a bullish TK Cross. Will be interesting to see how that gets resolved.
Summary: In a recent post I called for Bitcoin to retest all time highs by this July. After a closer look I have started to set my sights slightly lower. $16,000 - $17,500 should be a very significant area of resistance and based on the current velocity (rise over run) we would retest that level on the same week that Bitcoin halves. I am a firm believer in buying the hype and taking profit during the news, which is why I would strongly expect a major correction to follow the halving.
Taking out 2019’s high leading into the halving and then getting a prolonged correction back to the newly forming trendline makes a heck of a lot of sense to me. As it stands I do not plan on taking any more profit until May and I will continue to add to my position as stop losses move into break even territory. This is my preferred approach for building large positions. I start out by risking 2% of my bankroll. When the stop is tailed to break even then I am risking 0% of my bankroll and in that situation I can make another entry risking 2% of my roll.
I have also been buying alts over the past month and am very intrigued by how well they have been outpacing BTC. That being said the majority of my portfolio will always be BTC (75%+) and I will only look to take small positions in alts when there is a good setup.
Sawcruhteez Strategies: How to BUY THE DIP | Advanced Dollar Cost Averaging Methods
Previous Conclusion: Cup & Handle calling for $11,675
50 & 200 EMA’s
15m: Bullish
1h: Bullish
4h: Bullish
D: Bullish
4 & 9 EMA’s
W: Bullish
Patterns:
Bull Flag with $10,650 measured move:
Horizontals
R: $10,400 | $10,585 | $10,980
S: $9,700 | $9,500 | $9,200
Trendlines: Parabola held strong:
Futures Curve: Contango with 5.52% spread
Funding Rates: Longs pay 0.048%
TD Sequential :
Paying close attention to the 4h red 9's using HA candles. We have gotten one at / near each of the local lows except for yesterday when it bottomed on an 8:
Also paying very close attention to the 12h green 9's using HA candles. We gotten one at / near each of the local highs during the 2020 rally.
Buying the dip on the 4h 9's and taking profit on the 12h 9's sure has been a great swing trading approach over the past 6 weeks. Will be very interesting to see if that pattern continues.
Ichimoku Cloud: The weekly is telling us that something isn't right. As price is breaking above the kumo the bearish twist is getting more exacerbated. Also still haven't gotten a bullish TK Cross. Will be interesting to see how that gets resolved.
Summary: In a recent post I called for Bitcoin to retest all time highs by this July. After a closer look I have started to set my sights slightly lower. $16,000 - $17,500 should be a very significant area of resistance and based on the current velocity (rise over run) we would retest that level on the same week that Bitcoin halves. I am a firm believer in buying the hype and taking profit during the news, which is why I would strongly expect a major correction to follow the halving.
Taking out 2019’s high leading into the halving and then getting a prolonged correction back to the newly forming trendline makes a heck of a lot of sense to me. As it stands I do not plan on taking any more profit until May and I will continue to add to my position as stop losses move into break even territory. This is my preferred approach for building large positions. I start out by risking 2% of my bankroll. When the stop is tailed to break even then I am risking 0% of my bankroll and in that situation I can make another entry risking 2% of my roll.
I have also been buying alts over the past month and am very intrigued by how well they have been outpacing BTC. That being said the majority of my portfolio will always be BTC (75%+) and I will only look to take small positions in alts when there is a good setup.
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