Time to quit your job and start trading? Well you should ask your financial advisor not me.
On the one hour chart BTC has extended itself to the 29K mark and the chart is looking at the gold fish sequence.
We could see a bit of froth and fomo in the next 10 hours as it will be the west trading it.
As twitter has realised it is usually Asia which likes to short and they're currently sleeping.
Can I get a LMEOW from the people in the back?
Run down of the strategy for the new people.
Orange line (MA) is the gold fish. In a trend we use it as support (up or down) in distribution or accumulation we are looking to break through it and get trapped by it.
This is what I call the trap. It is the best place to execute a trade. Done correctly the move from the trap in either direction is sublime.
For the gold fish strategy to give results one has to be aware of where the move is taking place. Often times a distribution zone is incorrectly identified too early in the up trend (depending on time frame).
On this one hour chart I feel confident to distribute and short.
Hold, share, educate.
On the one hour chart BTC has extended itself to the 29K mark and the chart is looking at the gold fish sequence.
We could see a bit of froth and fomo in the next 10 hours as it will be the west trading it.
As twitter has realised it is usually Asia which likes to short and they're currently sleeping.
Can I get a LMEOW from the people in the back?
Run down of the strategy for the new people.
Orange line (MA) is the gold fish. In a trend we use it as support (up or down) in distribution or accumulation we are looking to break through it and get trapped by it.
This is what I call the trap. It is the best place to execute a trade. Done correctly the move from the trap in either direction is sublime.
For the gold fish strategy to give results one has to be aware of where the move is taking place. Often times a distribution zone is incorrectly identified too early in the up trend (depending on time frame).
On this one hour chart I feel confident to distribute and short.
Hold, share, educate.