trade-ideas-pierre
Pierre_crypt0: I see some people rushing into shorts left and right either here or on Twitter.
I want to insist:
- Personally, alts I’ve been shorting last week/past couple of days are alts that are already below D1 trends,
- I wouldn’t short anything that has defended its D1/H4 uptrend, system doesn’t allow it.
- With BTC in H4/D1 uptrend I’m still net long across the board even with these running and particularly with the targets hit during the past few days,
- I will be looking to short more aggressively again if, BTC fails to flip H4 trend and these alts are rejected by their D1 trends. Not before.
I just want to make it clear because past few days have been good to short weak alts, they gave targets (most of them), most are still in profits and with close invalidations, but that doesn’t mean one should go into a shorting spree especially while BTC is trying to break H4 downtrend.
trade-ideas-pierre
Pierre_crypt0: For now the only movement from me today has been:
- BTC long on H4 close earlier + taking some off on first 23.9-24.0k retest + placing bids on 23.4-23.7k retest as crucial to defend imo,
- APT/USDT - D1 - Short entered the 1/2 rest of my short on H4 200 EMA, I’ll cut if H4 > H4 200 EMA & H4 100 MA.
So pretty much managing BTC long exposure && monitoring development on remain of alts shorts to decide if I keep or not.
trade-ideas-pierre
Pierre_crypt0: One way to approach short on alts for me next few days will be:
- Keep an eye on BTC H4 trend,
- Track alts that are retesting D1 trends from below,
- Let D1 trends retests happen,
- If reclaimed and defended/flipped support -> Forget about the red button,
- If rejected/failure to reclaim -> Probably good timing to get in.
=> Tldr let the daily trends happen, focus on shorting those unable to reclaim despite strength in the market
One way to approach long on alts for me next few days will be:
- Keep an eye on BTC H4 trend,
- Track alts that held their H4/D1 trends or recently reclaimed both, ideally focus on alts with even a bit of narrative ongoing (thinking about LSD coins,…),
- Chase confluence of S/R flips and H4/D1 trends,
- As long as defended, play continuation setup
=> Perfect example recently with SSV/USDT - H4 - Compounding long
=> Was one of the few coin that defended H4 trend last week,
=> Gave a setup with H4 trend + S/R flip confluence
=> Had some narrative ongoing
=> Gave giga +40% leg
trade-ideas-pierre
Pierre_crypt0: The focus between one or the other will most likely be decided by how BTC behaves, and if it’s able to hold an H4 uptrend or not.
FROM ONE OF OUR SOURCE:
Journal Results as of February 20:
I believe we officially started trading again around January 21, so this is the 1 month summary. I'll try to do this whenever we're flat to avoid any potential changes to the amount.
About a 2x from $1M to $2M.
I don't really think I performed well in terms of narrative hopping this month. I felt 1 or 2 steps behind for the most part, but on a positive note, I hope that is a reminder that you don't need to be in extremely early to make money.
Usually just knowing which narratives are currently active is enough cause it allows you to better select which assets to trade.
Random Notes I Had Written:
- Never took any trades above a 1X size either, so actually using any leverage is optional but not necessary.
- Leverage is a magnifying glass for your edge. If you don't have an edge, you're magnifying your lack of edge.
- Cred is incredibly punny and witty and I wonder if that plays a role in how quickly he's able to decipher where the market is going
- This Chinese narrative seems forced. Most of these narratives seem forced. They lack any sustained market participants which leads me to believe that this is a bear market rally rather than a bull market reversal. Simply not enough market participants atm. Doesn't mean we can't make money longing for now.
- Trading intuition is developed. Following someone's trade idea head-to-toe is a surefire way to know how to trade but lack the discretion necessary to excel.
Topic: When to BUY, When to SELL - TOP Crypto Signals Service 2023 LEAKED (Read 3088 times)