Cheat Sheet for Risk Management.
Practicing Disciplined Risk Management is what sets a amateur trader apart from a professional trader.
Define your risk prior to the trade.
The risk, combined with distance to stop loss is what determines your position size.
If you understand market cycles, crypto currencies market cycles and what this chart, and this line, at this point in time means.. you'll be preppin' those bags.. don't f*ck this up, we've waited 3 years for this moment.
This is one of the many paths bitcoin could take over the coming months. I think this is the logical play if we're to head to the top of the range, while also factoring in the CME and BAKKT gaps that exist.
It's typical for a walling wedge to have an inverse head and shoulder at the bottom of it, and the right shoulder being the retest of the breached...
Broadening Descending Wedge/Bump and Run bottom.
Reach 0.1272 Fib and head and shoulder rejection.
Fall. Flag. Fall.
While making yet another Broadening Descending Wedge/Bump and Run bottom.
This is pattern after pattern, and the time duration and patterns in a row, are the same.
We're in for a shocking October. But, buy the f*ing dip.
Bitcoin loves it's macro fractals. This suggest we're nearing cheap BTC before the next major mark up from the invisible hand.
Watch the 0.382%.
Watch the weekly 20MA.
Google the pattern name to learn more.
In this analysis, it appears bitcoin is following a previous schematic from 2020's May > July Wyckoff Reaccumulation before breaking up to where it appears we're repeating the same schematic again yet again.
If this plays true, we'll have a few weeks of a small % movement sideways trading range.
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$IOTA is about to leave it's multi-year trading range. Expect news releases. Expect volatility. I'm Long.
CHoCH - Change of Character
When does a trend change into consolidation?
How can we observe this change in enviroment?
Change of Character coming out of a trading range – the largest move (swing) in the direction
of a future trend with the following...
CME Cheat Sheet.
Date > Ticker > Duration > Settlement.
Aug 2020 BTCQ20
02 Mar 2020 - 28 Aug 2020 - 31 Aug 2020
Sep 2020 BTCU20
30 Mar 2020 - 25 Sep 2020 - 28 Sep 2020
Oct 2020 BTCV20
27 Apr 2020 - 30 Oct 2020 - 02 Nov 2020
Nov 2020 BTCX20
01 Jun 2020 - 27 Nov 2020 - 30 Nov 2020
Dec 2020 BTCZ20
16 Dec 2019 - 24 Dec 2020 - 28 Dec 2020
Dogecoin (DOGE) is an open-source peer-to-peer cryptocurrency reported to be "favored by all Shiba inus worldwide". As a fork of the source-code of Litecoin (LTC), its first block was mined in December 2013.
To prevent competition with Litecoin's mining pools (also using the Scrypt hashing function), Dogecoin (DOGE) transitioned to Auxiliary Proof of Work...
The black swan is here. COVID-19 will cause economic and health warfare for the foreseeable future.
Publishing this to be able to watch it unfold over the years.
It's based off 3 month candles displayed as a line chart.