Should I take this trade? A checklist β
1. Are you trading in line with your daily bias? If you're bullish on the daily, you're typically looking for intraday longs.
2. Are you comfortable with the amount you're risking?
3. Is the trade good risk/reward? Aim for 2+
Trade it.
Charts suddenly pump, what do I do?
1. Check OI and Funding rates
2. Check sentiment
Is it the start of a move that will take out plenty of people positioned against it?
Or the exhaustion of an overcrowded and over-euphoric trade?
Long the first, short the second.
$7.5k -> $300k in 4 weeks.
A *thread* of as much alpha as I can pack in on the process, discipline and conditions required for pulling this off.
There's hopefully some helpful snippets or thought processes you can take away from this.
Survive, and wait for opportunity.
π§΅
Scalping exercise #5 - Short with MACD
- Open MACD & EMA200 on 5 min timeframe
- Condition 1: price must trade below EMA200
- Condition 2: MACD is above 0 line
- Condition 3: Blue line crosses orange line
Place SL above the last swing high.
Understood?
With the events from the past week, It's become clear that being able to read a block explorer is an important skill to have. Doing so will allow you to understand what's happening on-chain without needing to trust anyone else.
Here's a simple guide on how to read Etherscan π§΅:
We've been tracking the macro price reversal since summer using on-chain. Now what clues can it provide us in our effort to identify the macro price peak over the coming months?
First we'll start with behavioral trends and then everyone's favorite, price targets.
[THREAD 1/22]
GIVING AWAY 3 @LittleRocksNFT NFTs!
To enter:
1) Retweet
2) Follow @LittleRocksNFT & @cmsintern so we can DM winners
3) tag 3 other NFT friends in the replies
*Live for 24 hours - winners announced tomorrow*
Video on the way, talking BTC/ETH/SOL/DOT bid levels for short term and long term, plus discussion section covering the flash crash, scaling in and out, and more.
Drops in an hour or so.
3 Things To Keep You On Top In A Crypto Bull Run:
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1. Less leverage - more spot
2. Trade only USDT pairs until $BTC has topped
3. Buy every 35% + dump until it stops working
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It really doesn't have to be complicated.
Back when I started my Twitter I decided to grow an account alongside it with strict managed risks of 1%.
6 months of consistently trading every twitter setup Iβve posted and here are my results:
90 Total Trades
64 Wins- 20 Stops- 6 Breakeven
6.71x - 571%
#Bitcoin $BTC
Largest Avax bag is @yieldyak_. Significant volume, low FDV, fair launch, and the most useful site in this ecosystem so far. Yield aggregator, auto compounder, etc. Expecting TVL to skyrocket.
Target is $50k per $yak.