Poor Trader

It is what it is …

[Poor Trader @49Wenger]

@CredibleCrypto Thanks Cred

[Poor Trader @49Wenger]

@CredibleCrypto Wild! Reckon CRV looking good for a trade you given this context?

[Chase @Crypto_Chase]

$SOL

Before and after ✅

Enjoy 🤝

[Poor Trader @49Wenger]

The only traders genuinely worth following … in no particular order:

@CredibleCrypto
@Crypto_Chase
@CJ900X

[Poor Trader @49Wenger]

@Crypto_Chase Haha. Excellent response, appreciate your content as always.

[Poor Trader @49Wenger]

@CredibleCrypto Thanks Cred- Rapid wick down to below 115 say 113-114 or would there be consolidation below? Wondering whether to set a limit bid or just wait and see how PA develops. Cheers

[Poor Trader @49Wenger]

@CredibleCrypto @phol_huynh Cred are you still expecting CRV to hit range highs of 1.35 or has anything changed? Inval at 0.81

[CJ @CJ900X]

$INIT

Thought so

[Poor Trader @49Wenger]

@CredibleCrypto @newfinance24 Presume you’re not sure about CRV either or expecting it to dip below 0.9?

[Poor Trader @49Wenger]

@CredibleCrypto Nice shout will check it out. Any plans for another CRV long scalp if we dip below 0.91?

[CJ @CJ900X]

I am a price action maxi at heart, but it's difficult to beat a simple EMA strategy when price is trending.

This is my go-to EMA strategy, which can be used on any timeframe.

Enjoy

Fast EMAs: 33,55
Slow EMAs: 100,200 (cloud)

[CJ @CJ900X]

Example of when NOT to use it - price is ranging and the EMA cloud is switching from bearish to bullish frequently.

Just don't force anything. Wait until the setup looks too good not to take, in line with your higher timeframe bias.

[CJ @CJ900X]

Perfect example on the Daily prior to this recent move up from 105k -> 123k

Bullish Under/Over.
- Lose Fast EMAs
- Find support into green cloud
- Reclaim Fast EMAs
- Send

As with anything charts, the higher timeframes are more reliable.

You can use this to scalp on the lower timeframes, down to the 1m but signals are less trustworthy.

I personally like the 1hr and 4hr

[CJ @CJ900X]

FINAL note on the intraday. Prob spammed too much today about $CRV but just giving you my brain dump after looking at the charts, based on what we've seen over the last week as well as the local PA.

On the lower timeframe specifically, a range serves to build up liquidity on both sides. This is why the tractor beam works so well.
-> Generate liquidity either side of the range
-> Purge one side (or both)
-> Then the true move happens

So in this case, I can see price running up into local supply, closing back inside, then running the lows (into our daily fair value gap) before we then go on to make the true move towards 1.2-1.3. OR we could tag the lows first, point is we don't get to know - just that both sides might get swept from a liquidity pov before we push up again.

But the plan remains the same for new longs. Wait until we sweep into D1 FVG, look for LTF trigger, swing it up to the highs and some. And if we don't? I'm happy in spot.

Cheers and GL

[Poor Trader @49Wenger]

@CJ900X Appreciate you CJ. You and a a select few make CT actually worthwhile amongst it all. Thanks for the info as always 🙌

[Poor Trader @49Wenger]

@CJ900X Thanks as always CJ 👊

[Poor Trader @49Wenger]

@CredibleCrypto Would you re enter Crv?

[Poor Trader @49Wenger]

@CredibleCrypto Any alts too?