optimystery

Let's look at BTC trending on a larger timeframe

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Zooming out, we can see a previous channel being respected.
Interesting indicator, the MA ribbon. I'm researching trend following lately, and this seems like a nice way to get a bigger picture, timing longer timeframe entry and exit points.
Entry / exit is not everything of course.

Full disclaimer, I am a hobby trader, self-taught, only a couple of months in etc etc
Just learning and looking for patterns and strategies to try out with pocket money :))

Sheesh now I look back at those risk / reward ratios and cringe. Did ok in an uptrend of course :))
I 4x'ed my money and then lost half of that trying to short the craziness that ensued after blow off top.
Risk management... don't try shorting as a beginner.. ok, got it :)
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