Started buying some spot #BTC and #ETH. The idea is to start building a portfolio for the next bull run consisting of 30% BTC, 20% ETH and the rest of the 50% spread out over 5-10 fundamentally strong Altcoins. The Altcoins will be bought when the BTC bottom is clearer
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Started buying some spot #BTC and #ETH. The idea is to start building a portfolio for the next bull run consisting of 30% BTC, 20% ETH and the rest of the 50% spread out over 5-10 fundamentally strong Altcoins. The Altcoins will be bought when the BTC bottom is clearer
Feels great to be back in the office and kick off the trading week with a short signal triggering on $BTC
Trading with 0.5% risk instead of the regular 1%.
No one knows if we have 6 months or four years left of this bear market but anything is possible at this point. You should prepare for the worse but have multiple scenarios and actionable plans for whatever happens. Currently, my plan is to slowly accumulate for the long term.
Started buying some spot #BTC and #ETH. The idea is to start building a portfolio for the next bull run consisting of 30% BTC, 20% ETH and the rest of the 50% spread out over 5-10 fundamentally strong Altcoins. The Altcoins will be bought when the BTC bottom is clearer
Lessons for turbulent markets:
- focus on the large moves
- disregard market microstructure
- disregard funding rates
- disregard price sources with disabled deposits/withdrawals
- disregard spreads between exchanges
To trail the Stop Loss, I added a Fractal indicator. Works pretty well though I'm thinking I will have to change TP strategy because there are way too many breakeven trades that could've been winners.
I have been a bit less active the last couple of days, putting all my focus on back testing. It's time-consuming. Tested the scalping strategy on over 300 trades across.
Results are mixed, some excellent, some not so good. The results will be shared when they are complete.
Bitcoin is currently in a no trade zone because it's tightly squeezed between two key pivots ; Monday high and Daily open.
Staying flat here until either one of these pivots gets reclaimed.