You were right and it did sustain. Actually, I trade based on follow-through candles and not by jumping directly on breakouts. Although the breakout candle was strong enough, but anyway, indeed it's taking new steps👍
Oh yeah, I never buy on the breakout candle, always watch the next one. I am more trading swing trends these days, so I am watching 20 and 50 MA crossovers on the 2HR and 4HR charts.
How do you manage your risk while trading based on MA crossovers?
I have also done swing trading in crypto but based only on price action without any indicators.
I built a custom indicator that gives me the ability to set Tradingview alerts for when it’s time for me to buy and sell based on a bunch of different parameters. I am basically only trading BTCUSD and ETHBTC so I keep things simple. I am using AAVE on the Polygon blockchain and trading the money I have in my collateral supply. It’s a pretty awesome feature.
Not exactly the direction I would call a panic move. Seems like it’s starting a new step up.
You were right and it did sustain. Actually, I trade based on follow-through candles and not by jumping directly on breakouts. Although the breakout candle was strong enough, but anyway, indeed it's taking new steps👍
Oh yeah, I never buy on the breakout candle, always watch the next one. I am more trading swing trends these days, so I am watching 20 and 50 MA crossovers on the 2HR and 4HR charts.
How do you manage your risk while trading based on MA crossovers?
I have also done swing trading in crypto but based only on price action without any indicators.
I built a custom indicator that gives me the ability to set Tradingview alerts for when it’s time for me to buy and sell based on a bunch of different parameters. I am basically only trading BTCUSD and ETHBTC so I keep things simple. I am using AAVE on the Polygon blockchain and trading the money I have in my collateral supply. It’s a pretty awesome feature.