#Tradeidea
$PEP PepsiCo.
- Weekly bounce off top BBand
- Price just moved below the 10ma on the 1D suggesting potential reversal.
Taken a short position, aiming for return to lower 111 target of the 200ma. This is also active horizontal level.
$ABFL British Foods
#tradeidea
- Nice weekly green candle of the lower BBand suggesting potential reversal to mean.
- Big recent dip on 1D, with 10ma beginning to turn up towards 20ma.
Taken a long position aiming for active level just short of the 200ma.
$BTC inverse chart update.
I started this thread because I saw people being stuck in a bullish bias.
Now I use it the other way around.
This is the best looking chart since the beginning of the year in my opinion.
Even if we go down, I don't see why you'd ever short here.
@CryptoMichaelT I drew the exact same back test last night on the 8/26 π§π it's a beautiful way of removing bias and noise of Twitter sentiment. Does less well in period of fast chop, but very promising strategy.
Bitcoin is an adversarial network; by my count there were 68 attempts in the past week to feed an invalid block to my node. There was also an attempt to create 234,512 BTC out of thin air. This is why we don't trust, we verify.
@PrestonPysh@TraceMayer I charted the Mayer Multiple all the way back to 2011. It looks to me like Trace may get his 12-18 months of #BitcoinWinter βοΈ https://t.co/33Aj2KRjag