I couldn't eat much yesterday because I was a scaredy-cat,
Still, I came back with a victory!!!
We also maintain the view that trading should be focused on the short direction.
Trading Strategy and Criteria
Personal trading styles are short-term traders
Once in a position, it's a few hours even if it's a long time.
When it's fast, I organize my position in a few minutes and come out.
There are two main judgments I make.
Which direction do you want to buy and sell? Long short? First decide.
The direction is determined based on the Dow theory based on the daily and four-hour rods.
And the timing does not break through the full high (or the full low) based on the 15-minute Dow theory, but enters if there is an inflection.
Daily Volatility and Their Response
These days, it's not very volatile
Bitcoin is very volatile compared to the original stock,
Recently, ETFs passed and big hands came in from Wall Street
Their movements seem to determine their fluctuations.
Of course, there are moves by big names and when an event occurs, there are moves that go beyond that
When there is no special news, it seems to be affected by the stock market movement on Wall Street.
Bitcoin is less volatile over the weekend or on a holiday in the U.S. stock market.
The volume seems to be dropping significantly, and the amplitude is also small.
Now, I think Bitcoin traders can take the weekend off.
How to identify trading signals
For trading signals, you can use the auxiliary index or technique you want
You can use Fibonacci sequences, you can use resistance lines and trend lines
Auxiliary indicators such as RSI or MACD can also be used.
I think there are a lot of people who use this flat line.
You can test these techniques on your own and use them that work well for you.
This is good and this is not good.
Some people have a sword, some people have a spear, some people have a double-jaw
I think it's a question of whether I can wield it well.
Whatever the technique, you just need to sharpen your skills with the mindset that you want to become a master, not just a skim.
I personally move based on the signal from MACD.
It's not because it's reliable, it's because it's suitable for setting an alarm.
I can't look at the chart all day, so I listen to the alarm go off,
MACD is a good condition to set an alarm, so you decide by looking at the chart based on it.
The Bitcoin Market Narrative
Currently, there is no big narrative to move the market.
The crisis of small banks started to come up in the United States,
Nasdaq and S&P have fluctuated.
And the stock market is resting for the holidays... and the stock market opens in the United States
Depending on the movement, Bitcoin may also have a big direction.
With the movement of the chart, it still looks more likely to be downward.
All the traders in the world
I hope you have a successful investment today
Good luck to you!!! Cheer up!!
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