https://twitter.com/P1ivotology/status/1059845987743621120
https://twitter.com/P1ivotology/status/1059847172462587904
TRADE PLANS FOR WED, NOV 7THhttps://drive.google.com/file/d/1L7CTO1ad0G05Oo232sLXrCXWU6qW4Qlu/view?usp=sharing
Notes to accompany today's CRYPTO charts....
_- With prices breaking on BTC 3 days ago, and now above the 50ma, things look better across the board.
_- Here, I'd flip a switch in my head and rather than scalp intraday, plan to hold as prices hold support. So longs as supports continue to hold, you'll do way better swinging than scalping. And spend a lot less time too. Simply check that prices remain supported on each close.
_- Also remember it's normal for prices to dip in uptrends so expect red candles along the way. I'd just put in limit orders at key supports and if they hit, great. It's better than buying mid channel pivots. Also remember its good to take partial profits at channel tops. If you don't, you won't be able to buy dips as they come along.
_- RSI is a great tool to forecast. If it's above breakout levels, expect backtests. Same applies to absolute levels marked on the charts too. You can use these to decide whether to makes sense to buy here or to wait a couple of days. (Have a core holding, and simply trade a little around it).
