https://www.tradingview.com/chart/wlI2OuWX/
I'm hedging my long position with about 75% short under it. The idea is to put in closing buy orders to profit my shorts using the shortwicks on the BTC price-action. For that I use the support and resistance lines in my chart. I call that "wickhunting". I profit the same way by "wickhunting" on my longs.
As u did see, wicks are a rather big part of the game, USE THEM by placing buy or sell orders using the support and resistance lines in my chart. This keeps me liquid to trade the other way and/ or till i reach my low targets 8000-9000.
Around that zone i will switch to long and ladder up to ride phase 2 of the bullrun.
Until the phase 2 will start, my strategy is:
Long orders are in these zones: 8000-9000
Short orders are in these zones: 10550-10650
Be safe in this market. Be hedged, phase 2 of the bull run will not start before we did hit the 8000-9000 area imo.
I'm hedging my long position with about 75% short under it. The idea is to put in closing buy orders to profit my shorts using the shortwicks on the BTC price-action. For that I use the support and resistance lines in my chart. I call that "wickhunting". I profit the same way by "wickhunting" on my longs.
As u did see, wicks are a rather big part of the game, USE THEM by placing buy or sell orders using the support and resistance lines in my chart. This keeps me liquid to trade the other way and/ or till i reach my low targets 8000-9000.
Around that zone i will switch to long and ladder up to ride phase 2 of the bullrun.
Until the phase 2 will start, my strategy is:
Long orders are in these zones: 8000-9000
Short orders are in these zones: 10550-10650
Be safe in this market. Be hedged, phase 2 of the bull run will not start before we did hit the 8000-9000 area imo.