About meI trade pullbacks to prior POCs (= point of controls lines vizualized by the session volume indicator) because these levels provide low risk entry points!
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autotrade my signals on https://mudrex.com/signup?referral_code=HARA8867 or on https://3commas.io/?c=tc467301
the 5 min scalping strategy from 8 am till 10 am eastern time was able to capture most of todays upmove.
on the daily chart we are at a 1:1 extension of last correction and on a ATH
so it time to take some profits...
on the bitcoin futures as well as nasdaq or S&P 500 or crude oil futures there is profitable scalping entry method:
go long above a 5 min PIN bar marked blue by the CM_PRICE_ACTION Indicator
entries after 9 am till 10 am easter time
exit blow a red pin bar...
CDTUSD made a new high last week, after pullback to prior ATH it was possible to take profits at 0.19 (1:1 extension)
It seams like the coin is pulling back every day to prior POC (yellow point of control line) and then making new highs
So next exit would be 0.245 if you where luck to enter at 0.156.
I will keep monitoring the crypto screener for new ATH coins plays...
There is a pullback pattern every sun/monday that allows you to buy BTCUSDT or ETHUSDT at the price of a prior POC (Point of control)
Tradingview with the "session volume" indicator shows you the POC of any day as yellow line.
I took the low risk entry at 59235 and waiting now for bitcoin to make new highs.
If prices makes a new 100 days high its time to set a trailing stop at the low of the lowest low of the prior two days.
This strategy is on all futures instruments except the stock market indicies better than simply waiting for the price to close below 18 moving average...
Cot commercials index increased and seasonality is pointing to higher prices
Entry as usual above prior days high and exit with trailing stop below prior days lows
If this will turn out to be a supertrend like on crude oil i will hold the position till price closes below 18 moving average.
on the daily chart there was a percentage R long setup
then on 5 min charts a clear opening range breakout.
long S&P 500 with trail stop below prior days low..
price only paused at prior POC at 4412 but then traded above that level so much higher prices are possible.
Many futures on the long side with the strategy to be long till price closes below 18 moving average 370% was possible on a 10k account trading just 1 YM future contract...
bonds still short...
the 50% level calculated of current week low to prior weeks high is usually a good entry sport for a short continuation trade.
but we already had a strong ABC down move on the daily chart on the nasdaq so this entry will not likely be a big short trade...
Are are two setups to play the market reversal
1) buy prior POC (point of control) levels from prior blue pin bars
2) wait till market goes up again an then enter on a pull back to a prior POCs.
COT commercials index decreased from 19.8 to 19.1 so the bulls are on the sidelines.
unless there is a higher close than prior days high or a crash down to prior...
Although a market usually corrects around the 50% level it is not an exacty entry price.
A better re-entry price is a prior POC (point of control) and an even better price is the POC of a blue pin bar.
As you can see on the chart, there are very few blue pin bars but they all marked perfect re-entry points at their POCs.
This method works not just on crude oil...