Bitcoin Trading Diary 20240307 - If the fire started, isn't it time for Ethereum?

 Trading Strategy and Criteria

There are three main things to choose from while trading. 


1. What will you be trading?


2. How to bat long short direction?


3. When will you buy it and sell it?


Trader is a job that judges and practices this over and over again. 


It is not just financial instruments such as stocks and bitcoin.


People who trade and wholesale retail are all trading. 


You can move things, or you can add a little bit of added value to increase the value


Or predict fluctuations in the price of goods and buy them when they are low and sell them when they are high. 


In the case of financial instruments, one only needs to look at the timing, rather than applying fluctuations in value. 


That's why I've selected the areas to judge in three ways above. 




My answer to number 1 is a coin. 


They mainly trade bitcoin. 


But there is a different scenario in the fireplace. 


Bits - Ether - Alt sequentially circulating. 


In the stock market, theme stocks go, large stocks go, and then small and medium-sized stocks go around. 


But that's the story of a bull market, and in a bull market, only theme stocks go for a while and that's it. 


The coin market is similar. 


If you think that this is the beginning of the uptrend 


Bitcoin is followed by Ethereum, followed by Altcoin. 


I think it's probably time for Ethereum.  




My answer to question 2 is 


When hitting a single, I used to switch long shots based on the Dow theory. 


However, in the section that has changed to swing sales and is judged to be a rising market 


He always grabs the long position. 


I think it will probably go into an uptrend by mid-2025. 


From now on, I'll rest, rest, rest, and repeat this. 


And in the bear market, it is judged that it is better to take a short - rest, short - rest and do this. 


The rise and fall of the trend are judged based on monthly and weekly salaries. 




3. Buy timing enters when double bottom comes out based on Dow theory.


Once the entry position is about 25% of all seeds. 


And if you're sure (RSI goes over the middle, MACD goes over the golden cross)


Add an additional 25% seed. 


The rest of the seeds are always left to escape by watering in the worst case scenario. 


And if the double bars come out from the opposite direction, you will get half of the position you have. 


And if the trend has definitely turned (down the middle of the RSI, MACD deadcross)


Then, I organize the rest of the positions. 


In this way, 50% of all seeds are divided in half and entered and withdrawn. 


One cycle is about three to 10 days. 




The Bitcoin Market Narrative

A few days ago, there was a 10 percent plunge in just one day


But the very next day, I recovered most of it. 


There is a scary upward trend. 


It is showing what it is like to receive funds from institutions in ETFs. 


Why I Changed My Trading Stock From Bitcoin To Ethereum 


This is because there is not much time left before Ethereum's ETF is decided in May. 


So with that momentum, I think there will be a period for Ether to outperform the bit. 


And after that, the beat and Ether went sideways 


I think Alt's time will come. 


I think we should also study to see which stocks to trade until it's time to trade altcoins. 


Other than Chainlink or Solana, I don't see anything clear yet. 






Sending my best wishes to all the traders in the world!!


I hope you all have a successful investment today




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