Bitcoin
Stock Symbol: BTC
I see a lot of post of traders chasing the intraday moves. Let's zoom out and look at bitcoin from a monthly perspective with my setup. Currently we are seeing the same crossover to the downside as we did on 2017 top to come down. The thing with day trading is when the market hits hard overnight many tend to forget the outlook on overall market trends on large timeframes. Sure we have been pick up some steam coming up but let's not forget how fast the market dropped when the market crashed last. Chasing gains on small timeframes is cool if your consistent with winnings and cutting losses. But most I think fail as daytraders because they forgot to identify the higher timeframes. I'm a position trader I take in account to what the overall trend looks like. If you are constantly being beat in the day trading game and are sick of chasing it, than you should consider to move up In time. Trust me, when i started trading i was a day trader and i tried to capture every opportunity i could. Ultimately it never was consistent. I believe diversifying and finding the big shifts in markets is where the real money is made. Why scalp something when its geared for a major trend that you are fighting? The weekly on previous bitcoin post is still red even with the recovery we have had and is a at a critical price of indecision. One thing I like to take in strong considerations is, look how exhausted the alt coin market is. That is what is giving me fuel to btc maybe resuming upward momentum but we are really starting to see some serious accumulation process for alts. We dont control when the big boys show up to really move the market. Money inflow and outflow on a short term perspective can damage you quickly. I'm indecisive on bitcoin right now and I will follow up in a week to see how it is doing. But for the most part, I'm liking the alt coin market for accumulation.
Diversify and use 5% stoploss
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We just realesed our new course! Follow our tradingview page and visit the link in our bio if you are looking for new strategy to add to your arsenal.
Use Promo Code: FIRST100 to receive $50 off of your course!
First come, first serve / Code valid for first 100 buyers. Normal price $99
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Thank you for your continued support, God bless you though these times.
- Major League Trader
I see a lot of post of traders chasing the intraday moves. Let's zoom out and look at bitcoin from a monthly perspective with my setup. Currently we are seeing the same crossover to the downside as we did on 2017 top to come down. The thing with day trading is when the market hits hard overnight many tend to forget the outlook on overall market trends on large timeframes. Sure we have been pick up some steam coming up but let's not forget how fast the market dropped when the market crashed last. Chasing gains on small timeframes is cool if your consistent with winnings and cutting losses. But most I think fail as daytraders because they forgot to identify the higher timeframes. I'm a position trader I take in account to what the overall trend looks like. If you are constantly being beat in the day trading game and are sick of chasing it, than you should consider to move up In time. Trust me, when i started trading i was a day trader and i tried to capture every opportunity i could. Ultimately it never was consistent. I believe diversifying and finding the big shifts in markets is where the real money is made. Why scalp something when its geared for a major trend that you are fighting? The weekly on previous bitcoin post is still red even with the recovery we have had and is a at a critical price of indecision. One thing I like to take in strong considerations is, look how exhausted the alt coin market is. That is what is giving me fuel to btc maybe resuming upward momentum but we are really starting to see some serious accumulation process for alts. We dont control when the big boys show up to really move the market. Money inflow and outflow on a short term perspective can damage you quickly. I'm indecisive on bitcoin right now and I will follow up in a week to see how it is doing. But for the most part, I'm liking the alt coin market for accumulation.
Diversify and use 5% stoploss
----------------------------------------------------
We just realesed our new course! Follow our tradingview page and visit the link in our bio if you are looking for new strategy to add to your arsenal.
Use Promo Code: FIRST100 to receive $50 off of your course!
First come, first serve / Code valid for first 100 buyers. Normal price $99
---------------------------------------------------
Thank you for your continued support, God bless you though these times.
- Major League Trader
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