Hey, we have an excellent profit ratio on a well defined pivot. Upside is the entirety of the next bullrun, and the downside is 4%. Really no reason not to take this trade. If the pivot breaks, hey, cool, you can take the short to the 605 MA on the 4h chart instead with high probability as well!
I'm aware the title has offended you. Read through this post anyway, I'm sure I touch up on your complaints.
Stop forming your identity around your strategy. Even I am not immune to this. it’s all too common to form a personal relationship with the tools you’re using to trade. Whether that’s the indicators on your chart, your Gann shooting star wave pattern...
How to apply the Oscillator Divergence Indicator by JDLim to your favourite oscillator.
1. Like the script "Oscillator Divergences by JDLim"
2. Add your favorite oscillator to your chart.
3. Apply the "Oscillator Divergences by JDLim" to that indicator.
4. Confirm the correct input source is selected.
5. Trade well and donate if you become successful :)
Link to indicator
I've defined the relevant mean reversion pivots on multiple timeframes. They should prove to be rather well respected, I'm looking forward to however this plays out. I've provided a tradable gameplan no matter where bitcoin decides to trend.
The longest over expanded period period's 1.25 standard deviation was crossed and bitcoin has entered its compressionary period to restore the market to a state of potential energy. Trend cannot continue until the 225 period WAVE PM compresses below the 0.7 value, which should result in a sustained sideways move.
This will be the beginning of alt season.
If you use Tradingview alerts to execute orders, be very careful.
DO NOT CONFIRM, after the upgrade the TV is with this failure, it will trigger the 2x alert, causing you to double your operation.
The danger is great if you use leverage, especially in BITMEX, as it will cause you to enter the amount doubled and can cause you to liquidate.