A daily summary of the previous day’s market activity and review of current state of market on Cryptos.
Analysis
Daily Time Frame read
On the daily TF after the price breached the green ray we are in overall buyer’s territory and I could see the momentum dead completely when after retracing 100% and then I thought of entering the trade once I don’t see any HH but price made a HH and shoot north. ATM I can see there is a disturbance or indecision between the sellers and buyers. I don’t have entry rite now with the Daily chart let’s see how 240H transactions are going on.
240H Time Frame read
On the 240H after price breached the orange line we can see some selling pressure coming up and bears are not giving any chance for the bulls to gain some momentum now buyers are struggling to make HH and not making it up to the mark. I can see a wick on the bottom giving me a sign that buyers are not willing to make LL. I don’t see any buy right now in 240 also unless and until the price challenge the next high i.e 0.000065 Sats.
Entries, Exits
There is no logical reason right now to short or long.
Aggressive Entries and Stop loss
Noting there at the moment (ATM)
Conservative Entries
Noting there at the moment (ATM)
Risk Management
• If you are an aggressive trader you can risk 2% of your capital on this trade.
Tight SL below green ray. Position Size should be calculated based on 2% of the capital/SL by Sats.
RR should be at least 1:2; I am not specifying any targets as of now because the entry is speculative atm.
HODL overnight not more than that because BTC market is speculative atm.
• If you are a Conservative trader you can risk 1% of your capital on this trade.
Wider SL below the wick under the green Ray.
Position Size should be calculated based on 1% of the capital/SL by Sats.
RR should be at least 1:2; I am not specifying any targets as of now because the entry is speculative atm.
HODL overnight not more than that because BTC market is speculative atm.
Trade Management
Noting there at the moment (ATM)
What can go wrong with the market?
If I enter the trade now based on the 240 analysis then sellers know down aggressively then I will lose all my positions.
Psychology
Relax, Meditation, and Patience
Keep practicing the above mentioned three.
Analysis
Daily Time Frame read
On the daily TF after the price breached the green ray we are in overall buyer’s territory and I could see the momentum dead completely when after retracing 100% and then I thought of entering the trade once I don’t see any HH but price made a HH and shoot north. ATM I can see there is a disturbance or indecision between the sellers and buyers. I don’t have entry rite now with the Daily chart let’s see how 240H transactions are going on.
240H Time Frame read
On the 240H after price breached the orange line we can see some selling pressure coming up and bears are not giving any chance for the bulls to gain some momentum now buyers are struggling to make HH and not making it up to the mark. I can see a wick on the bottom giving me a sign that buyers are not willing to make LL. I don’t see any buy right now in 240 also unless and until the price challenge the next high i.e 0.000065 Sats.
Entries, Exits
There is no logical reason right now to short or long.
Aggressive Entries and Stop loss
Noting there at the moment (ATM)
Conservative Entries
Noting there at the moment (ATM)
Risk Management
• If you are an aggressive trader you can risk 2% of your capital on this trade.
Tight SL below green ray. Position Size should be calculated based on 2% of the capital/SL by Sats.
RR should be at least 1:2; I am not specifying any targets as of now because the entry is speculative atm.
HODL overnight not more than that because BTC market is speculative atm.
• If you are a Conservative trader you can risk 1% of your capital on this trade.
Wider SL below the wick under the green Ray.
Position Size should be calculated based on 1% of the capital/SL by Sats.
RR should be at least 1:2; I am not specifying any targets as of now because the entry is speculative atm.
HODL overnight not more than that because BTC market is speculative atm.
Trade Management
Noting there at the moment (ATM)
What can go wrong with the market?
If I enter the trade now based on the 240 analysis then sellers know down aggressively then I will lose all my positions.
Psychology
Relax, Meditation, and Patience
Keep practicing the above mentioned three.