Here is an example of how I traded a major move in London Open. I do not like trading fast major moves like these, but try to get in on the pullback instead - when I think the "bottom is in". I am by no mean an experienced trader, but this is what I am watching when trying to "catch a knife" like this...
Ideally we will see a bounce or brake of the RSI trendline soon on Bitcoin Cash. Short or long on a retest of the line. In the end the direction of Bitcoin will decide - Personally I am biased bullish: But with this setup it should be possible to let the price action decide ;-)
I like to use the Bloomberg Galaxy Crypto Index (BGCI) to get an overall View on where the Crypto Market is heading in general. If you aren't familiar with this index, please visit: data.bloomberglp.com Please take the time to follow Cryptorae on Twitter if you like this chart :-) TradingView chartsetup: Credit @Cryptorae on Twitter This week is really important...
Not much revolutionary here - just a simple long vs shorts chart. Price is black Shorts are red Longs are green Longs divided by shorts are orange (higher percentage-values indicates that longs are increasing compared to shorts and vice versa).
Newsflash! Bitcoin is either going up or down! But how do we know? Please comment with your own ideas or criticism: Thanks! :-)
My current thoughts and gameplan! Please take this for what it is: A rough plan of my expectancy for the next period. This is in no way financial advice! Please comment with your thoughts and ideas :-)
This one is a bit different! Here is todays tradingsetup! Not sure how this one plays out? Lets see... Please comment and share your feedback on my trade - thanks :-)
Bulls got the upper hand short term, but this might be a bearish sign for the next few days... Please give me feedback :-) I hope this will be beneficial for others!
Well generally this session was super bearish with a new monthly low! Let me know what you think of my analysis :-)
Still trying to learn the "magic art of trading" Please comment with feedback and ideas you might have on my analysis - thanks!