A daily summary of the previous day’s market activity and review of current state of market on Cryptos.
Analysis
Daily Time Frame read
On the daily TF after the price breached the green ray we are in overall buyer’s territory. STR is not sober right now. No pullback from buyers, bulls are moving aggressively. I see no entry to buy now, I don’t like chasing the market if you chase you will die. Be patient and wait for the market to give opportunity to buy.
240H Time Frame read
On the 240H after price breached the orange line we got some pull back as selling happened, we had a entry right above the orange line and broke the resistance and stays above. No trade atm and if we get a pull back to the nearest resistance i.e 0.000044 then by looking at the price action then I can enter the trade.
Entries, Exits
If price comes down to the nearest S&R i.e 0.000044 Sats then by looking at the price action there I can do a sell or buy. If price comes do slowly there is a chance for buy and if price comes down aggressively then there is less chance from me to buy unless and until I see further price action.
Aggressive Entries and Stop loss
If you are quite aggressive in nature and don’t want to lose few Sats then you can enter the trade once the price comes down to the nearest S&R i.e 0.000044 Sats. SL below the wick.
Conservative Entries
If you are conservative in nature then you can enter the trade one we get pullback to the orange line and then leaves a wick at the bottom, come up aggressively and then holds there for a bit and then making a miniature HH then you can enter the trade and SL below the wick or Green line.
If price don’t come until there leave the trade let it go off, why buying so high. We need pullbacks to buy.
Risk Management
• If you are an aggressive trader you can risk 2% of your capital on this trade.
Tight SL below green ray. Position Size should be calculated based on 2% of the capital/SL by Sats.
RR should be at least 1:2; I am not specifying any targets as of now because the entry is speculative atm.
HODL overnight not more than that because BTC market is speculative atm.
• If you are a Conservative trader you can risk 1% of your capital on this trade.
Wider SL below the wick under the green Ray.
Position Size should be calculated based on 1% of the capital/SL by Sats.
RR should be at least 1:2; I am not specifying any targets as of now because the entry is speculative atm.
HODL overnight not more than that because BTC market is speculative atm.
Trade Management
• Remove 50% of your profit once you make 5% on your investment and make SL to ‘0’ (Aggressive and Conservative entries).
Add few more position once you see a HH and struggling sellers in between the green ray and orange ray (Only conservative entries).
What can go wrong with the market?
If BTC have good strength then trade might go in opposite direction n only once or two candles and comes right back up thus stop hinting will
Analysis
Daily Time Frame read
On the daily TF after the price breached the green ray we are in overall buyer’s territory. STR is not sober right now. No pullback from buyers, bulls are moving aggressively. I see no entry to buy now, I don’t like chasing the market if you chase you will die. Be patient and wait for the market to give opportunity to buy.
240H Time Frame read
On the 240H after price breached the orange line we got some pull back as selling happened, we had a entry right above the orange line and broke the resistance and stays above. No trade atm and if we get a pull back to the nearest resistance i.e 0.000044 then by looking at the price action then I can enter the trade.
Entries, Exits
If price comes down to the nearest S&R i.e 0.000044 Sats then by looking at the price action there I can do a sell or buy. If price comes do slowly there is a chance for buy and if price comes down aggressively then there is less chance from me to buy unless and until I see further price action.
Aggressive Entries and Stop loss
If you are quite aggressive in nature and don’t want to lose few Sats then you can enter the trade once the price comes down to the nearest S&R i.e 0.000044 Sats. SL below the wick.
Conservative Entries
If you are conservative in nature then you can enter the trade one we get pullback to the orange line and then leaves a wick at the bottom, come up aggressively and then holds there for a bit and then making a miniature HH then you can enter the trade and SL below the wick or Green line.
If price don’t come until there leave the trade let it go off, why buying so high. We need pullbacks to buy.
Risk Management
• If you are an aggressive trader you can risk 2% of your capital on this trade.
Tight SL below green ray. Position Size should be calculated based on 2% of the capital/SL by Sats.
RR should be at least 1:2; I am not specifying any targets as of now because the entry is speculative atm.
HODL overnight not more than that because BTC market is speculative atm.
• If you are a Conservative trader you can risk 1% of your capital on this trade.
Wider SL below the wick under the green Ray.
Position Size should be calculated based on 1% of the capital/SL by Sats.
RR should be at least 1:2; I am not specifying any targets as of now because the entry is speculative atm.
HODL overnight not more than that because BTC market is speculative atm.
Trade Management
• Remove 50% of your profit once you make 5% on your investment and make SL to ‘0’ (Aggressive and Conservative entries).
Add few more position once you see a HH and struggling sellers in between the green ray and orange ray (Only conservative entries).
What can go wrong with the market?
If BTC have good strength then trade might go in opposite direction n only once or two candles and comes right back up thus stop hinting will