How to incorporate BVOL24H into your daytrade strategy
BVOL24H is the Bitmex volatility index similar to (not the exact same) the VIX from CBOE.
Basically, it's a tool that measures the fluctuation of the coin’s value, compared to the average value of a given timeframe.
Stop Hunting. The main purpose of a stop hunt is to force participants out of their positions by driving price to a level where many traders have chosen to set their SL orders (liquidity). Triggering of many stop losses at once typically creates high volatility & a (local) pivot
At the end of compression, it's best to loosen up your entries (search for liquidity @ previous high or lows) & keep an eye on the POC for the rebound.
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Liquidity:
Liquidity is $$$ in the market, especially for the bigger players. Price will always gravitate towards liquidity.
How to find this 'magic' liquidity? It's really not that hard to find because it's prob where your stop is at👋
How to trade #Bitcoin during different market stages 101
Many ppl stick to a single strategy no matter the circumstances. I know that the simpler your trading system, the less room to make mistakes but that doesn't mean you cannot adapt to the market.
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$BTC #trading#crypto
$BTC needs to take out the liquidity node around 32k if we want to see some real movement.
Just one weekend full of party PA, that's all I'm asking 🥳
#Bitcoin
Oh and to celebrate & to pull you through this bear market 🤪 we will give away
4 x $100 in $BTC
To win:
Follow, retweet this message & sub to our international YT channel
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In the heat of the moment, PA can be difficult to read because changes in the market can be very subtle. That's why we always wait for confirmation. Less risk, more profit 👏
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