Here is an example of how I traded a major move in London Open.
I do not like trading fast major moves like these, but try to get in on
the pullback instead - when I think the "bottom is in".
I am by no mean an experienced trader, but this is what I am watching
when trying to "catch a knife" like this...
I like to use the Bloomberg Galaxy Crypto Index (BGCI) to get an overall View on where the Crypto Market is heading in general. If you aren't familiar with this index, please visit:
Please take the time to follow Cryptorae on Twitter if you like this chart :-)
TradingView chartsetup: Credit...
Ideally we will see a bounce or brake of the RSI trendline soon on Bitcoin Cash. Short or long on a retest of the line.
In the end the direction of Bitcoin will decide - Personally I am biased bullish: But with this setup it should be possible to let the price action decide ;-)
Not much revolutionary here - just a simple long vs shorts chart.
Price is black
Shorts are red
Longs are green
Longs divided by shorts are orange (higher percentage-values indicates that longs are increasing compared to shorts and vice versa).
My current thoughts and gameplan! Please take this for what it is: A rough plan of my expectancy for the next period. This is in no way financial advice!
Please comment with your thoughts and ideas :-)