Got some lines and more lines on a Bitcoin chart for ya here... Oh, some arrows in there too... cant forget arrows. no fancy indicators very basic but complex at the same time kind of chart. The chart is sort of like a painting, where alot of times much more that what meets the eye occurs behind the curtains with hard work hidden in areas, that look easy, until you try it yourself.
My strategy doesnt really concern price of BTC In trading.. The BTC price matters for my HODL portfolio with Bitcoin, If a candle hits a white line it must be considered a trade with 3 things that happen, a position gets filled while one takes profit with stop losses in place before anything happens. Also no compounding or trading between lines. We want to maintain our average entry as close to the lines as possible keeping stop losses behind the lines away from them never inside. Compounding incorrectly with more margin used than you know you should be using, places your R/R ratio inside the volatility, where panic lives and gamblers like to party and lose money going all in on $10 worth of BTC, over and over, feeding the machine. Its alot more effective to be the dealer at the casino, waiting for the market to come to YOU, not CHASE it, greeting it with a more smooth, relaxed, with class and confidence in your trade, no need to second guess because the trade executes to a plan and not from an impulse.
If this has helped you or have enjoyed my analysis and appreciate my work, please hit the thumbs up with a like. If you want to buy me a coffee I gladly accept tips placed here. 3MN3n8R3aGgyaNJQ6iY6QbHynmtXrWoRLy This will be my last analysis on BTC until after the Halving takes place. I am open to request for TA on your crypto of interest feel free to PM me here on TradingView. Good luck and happy trading!
My strategy doesnt really concern price of BTC In trading.. The BTC price matters for my HODL portfolio with Bitcoin, If a candle hits a white line it must be considered a trade with 3 things that happen, a position gets filled while one takes profit with stop losses in place before anything happens. Also no compounding or trading between lines. We want to maintain our average entry as close to the lines as possible keeping stop losses behind the lines away from them never inside. Compounding incorrectly with more margin used than you know you should be using, places your R/R ratio inside the volatility, where panic lives and gamblers like to party and lose money going all in on $10 worth of BTC, over and over, feeding the machine. Its alot more effective to be the dealer at the casino, waiting for the market to come to YOU, not CHASE it, greeting it with a more smooth, relaxed, with class and confidence in your trade, no need to second guess because the trade executes to a plan and not from an impulse.
If this has helped you or have enjoyed my analysis and appreciate my work, please hit the thumbs up with a like. If you want to buy me a coffee I gladly accept tips placed here. 3MN3n8R3aGgyaNJQ6iY6QbHynmtXrWoRLy This will be my last analysis on BTC until after the Halving takes place. I am open to request for TA on your crypto of interest feel free to PM me here on TradingView. Good luck and happy trading!
