Trades I've taken today! 5 traded 4 wins 1 loss! 10% today! Hi guys, I can't post 5 minute charts in the idea feed...
I am ultimately bearish on Bitcoin but think it will go up until Christmas Day... Most Retailers are short so I think thats the classic trick to do them in.. take it up to 4K and then it will resume the bearish slow trend to sub 1K for 2019.
In the meantime... I will be trading this bad boy on the M5!
I will show the backtest of my Japanese Candlestick strategy from 26 November 2018 to present in one of the video ideas. It did over 200%, I now analyse whether the buy signal or sell signal is above or below the previous signals.
In an uptrend you would expect the signals to be getting higher and higher and vice versa.
I look at the previous 15 candlesticks on M5 and then wait for 2 consecutive bearish candles to enter in on in a bearish trend, If I'm buying in a bearish trend I wait for the dump (current bearish candle body is bigger than all last 15 bearish candles bodies). Then I pull the trigger and use similar tactics for exiting.
Works like a charm!!!!! I'm expecting to make 25 to 75% a day on average, didn't see any losing days in the last 2 weeks (all data available).
DM if you need help trading this. Bitcoin to sub 1K - Ever wondered why Goldman Sachs set up a trading floor on Bitcoin Futures? To keep this thing 110% in lockdown by shorting the market! It only takes 100B in short contracts to halve it... and that keeps the fiat monetary system ticking along...
