Bitcoin At All-Time Highs...Buy The Dips - Part 2

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    rollandthomas

    Published on Jan 08, 2021
    About :

    On Thursday, Bitcoin hit $40k for the first time ever. It was just three weeks ago we were talking about Bitcoin breaching the previous 2017 high at $20k. Now I know the monthly candles look really scary.
    Many are getting concerned, rightfully so about a huge correction. Bank of America said bitcoin looked like it was in the “mother-of-all-bubbles.” But the dips have to be bought, until otherwise.

    https://leofinance.io/@rollandthomas/rqglamyh

    https://finance.yahoo.com/news/why-bitcoin-whales-not-ready-073558315.html

    MY TRADING METHODOLOGY IN A NUTSHELL BELOW

    I’m a supply and demand trader. The premise of supply and demand trading is when the market makes a sharp move up or down the large institutions i.e banks/hedge funds are not able to get their entire trade placed into the market, leaving pending orders to buy or sell at the zone with the expectation the market will return to the zone and the rest of their trading position will be filled.

    I use multiple time frame (MTF) analysis to improve my discretionary trading decisions. MTF analysis involves analyzing the same asset on multiple time frames. The rule of thumb when using MFT is you want your charts to scale down/up by 4X – 6X. In my case I tend to look at:

    Monthly Charts (curve time frame) – which represents that jet fighter flying over the football stadium.
    Weekly Charts (trend time frame) – which represents the concession stands looking down at the field.
    Daily Charts (entry time frame) – which represents being on the football field with the player.
    4 Hr Charts (entry time frame) – which represents the center hiking the ball to the quarterback.

    Tags :

    leofinance bitcoin crypto altcoins neoxian

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