Bitcoin - my trading plan!
Hello, everyone!
You already know my common trading mistakes during the sideways. I tried to use fractals which led to multiple small stop losses. Only because of proper risk and money management I was able to earn a solid profit. For example my last trade brought +6% to my deposit.
Now I want to fix the problem with the trading during sideways. We can see that the market has likely started consolidation. The Alligator indicator is our best tool to define the consolidation time. Therefore I am going to follow my strategy with bearish and bullsih reversal bars. If the
BTCUSDT price will set the new higher high in conjunction with the bearish reversal bar, it's gonna be the strongest short signal with the fantastic risk to reward. If price will print the bullish reversal bar at the lower band of the range, I will re-enter long, but this trade is not gonna have the high risk to reward.
Best regards, Ivan
_________________________________________
Subscribe now and never miss an update👍
You already know my common trading mistakes during the sideways. I tried to use fractals which led to multiple small stop losses. Only because of proper risk and money management I was able to earn a solid profit. For example my last trade brought +6% to my deposit.
Now I want to fix the problem with the trading during sideways. We can see that the market has likely started consolidation. The Alligator indicator is our best tool to define the consolidation time. Therefore I am going to follow my strategy with bearish and bullsih reversal bars. If the
BTCUSDT price will set the new higher high in conjunction with the bearish reversal bar, it's gonna be the strongest short signal with the fantastic risk to reward. If price will print the bullish reversal bar at the lower band of the range, I will re-enter long, but this trade is not gonna have the high risk to reward. Best regards, Ivan
_________________________________________
Subscribe now and never miss an update👍
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