when the 21 hours WMA cuts down the 100 hours WMA (if it happens), this confirm we are in B wave and we could short BTC, stop loss a little over the cut of the 2 averages (a lot above the possible top around 7300) take profit should be close to the 200 days wma and 61,8% retracement: around 5000 dollars, maybe 5100 better.
At all cuts of the two averages i will buy if the fastest cut from the low and sell if it cuts from the top.
Money management is very important.......i have to decide how much to short, once entered it needs to stay in until take profit or stop loss, if one bets too much, will run away losing money.
At all cuts of the two averages i will buy if the fastest cut from the low and sell if it cuts from the top.
Money management is very important.......i have to decide how much to short, once entered it needs to stay in until take profit or stop loss, if one bets too much, will run away losing money.