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Bloodgood

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Bloodgood

@Bloodgood

Semi-retired Crypto trade. Sharing knowledge for a hobby. Follow me on Twitter: https://twitter.com/bloodgoodBTC

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The Fed is coming up with new words to print money.

To save banks they came up with Bank Term Funding Program (BTFP).

The program gives banks the full value of their bonds in cash to meet withdrawal requirements.

New words, old solutions -> more money printing.

Buy #Bitcoin

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Bloodgswing Indicator keeps winning.

Didn't have quite the entry we had, but remains in Long position.

The indicator works on major alts and #Bitcoin Daily and 4-hour timeframe.

It's free. Use it.

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Private book trading rules: Range or Uptrend?

Uptrend rules:

- Breakouts stick

- Weak pullbacks

- Supports work, resistances don't

Range:

- Breakouts/breakdowns don't stick

- Deeper pullbacks

- S/R are not to be trusted

Identify the market and you'll make tons of $$

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Trading Plan Alpha from my private book

Name it however you want, but the idea is that you set a few rules you ALWAYS stick to.

Why?

1. You take risks inside a preset structure. This separates traders from gamblers

2. Minimizes the effect of future emotions

Want more?

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The Art of Not Getting Rekt: Guide to Hedging

Introduction: What is hedging?

Hedging is a term that you’re probably familiar with, even if it’s just from random posts on Twitter. In any case—whether you’re just starting out with trading or if you’ve already got years of experience under your belt—this is an incredibly important topic to master in order to optimize your ability to trade in any market environment and, most importantly, to keep that profit when the market inevitably moves in ways that you’re not prepared for. Hedging definite

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#Bitcoin

Swing target reached after less than 4 days.

CME gap at $27k is about to be filled.

Playing against the sentiment made us wealth again.

Next target: $30k.

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Exit Strategy Alpha for weekend Longs

There are a few basic signs that always work.

- Are you showing your PNL to friends? SELL.

- Adding indicators to support your idea? SELL.

- Seeing your PNL makes you scroll luxury items. SELL

Want more?

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Crypto & Macro 101

We quickly forget that crypto is not essentially tied to US. Especially in this macro-driven environment, where US economic events are watched as closely in crypto as in TradFi.

The US of course does remain the number one market. However, while the Fed continues with its hawkish signaling, there’s a very different trend emerging elsewhere. The third and fourth largest central banks, have begun injecting more into global liquidy.

Namely, the People’s Bank of China (PBoC) and the Bank of Ja

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March could bring a Retrace.

This means juicy opportunities to buy and sell in May/June.

Placing lower bids for $FTM, $SOL , and $ETH .

Let's swing the spring!

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"It's easy to be smart when you bought in 2016"

Haters will say it was easier to make wealth 7y ago.

No, no, no.

Industry was young, ICO scams rekt lots of people, 95% of projects died.

Free knowledge, easy-to-use platforms, high liquidity are like a red carpet.

Stop crying.

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#Bitcoin macro update

As predicted, biti defended the line and made profit to everyone that accumulated the "green zone".

Break 25k and we reach 30k within a week.

Will macro chart alts too.

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Fed plans to stop rate hikes by end of March

$SPX broke the downtrend

Ground is set, time almost to long your longs and to remember why we're still here. To earn a decade worth of $$ in few months.

Want me to drop a detailed article on how I research gems and trade in a bull?

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$SPX pumped 70% after the Great Inflation 1982.

US inflation peaked at 14%, and after FED tightening interest rates, SPX grew in the next years.

FED is projected to raise rates for 25 bps now.

Further upside is expected.

Are you still sidelined?

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The recession could be postponed to 2024.

Why?

The yield for US 3months bonds surpassed the yield for 2,3-year bonds.

Macro is still terrible, so lower levels are possible on #Bitcoin

But, fading this pump is a mistake, we can go a LOT higher before that.

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Trading Psychology for Beginners

If you joined crypto in the last 6 months or so, this is a MUST-read if you want to survive.

Even if you mastered FA and TA, you probably still can't find a way to be profitable.

This thread will help you master trading psychology, read on..

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Mental clarity with a trading routine combined with repetition and mental rehearsals will help you overcome psychological issues.

Techniques to increase emotional intelligence and avoid poor discretionary decisions:

A) Trading routine

B) Trading

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DXY made a lower low and SPX is making a series of higher highs ahead of #FOMC event.

Like we predicted heading into the midterm elections.

This could be the last 75 bps hike rate and your last chance to get Bitcoin at this price.

Alt szn upon us too. Will share a few soon

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Saving private Dollar vs world economy vs Bitcoin

FED will hike rates. Again.

They will most likely do it for the last time or US economy&housing will collapse.

Means $BTC will likely drop to 2022 lows, liquidate longs and build a new cycle.

End is near. New cycle is upon us.

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Scalping exercise on Binance #5: Long with MACD

- Open a 5min naked chart

- Turn on MACD & EMA200

- Condition 1: blue line crosses over orange line

- Cond. 2: crossover must happen near 0 line or below

- Cond. 3: price must trade in an uptrend & above EMA200

Lets go

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Bitcoin is holding really well considering what’s going on with DXY and the S&P 500, but keep in mind that the volume has decreased for the second week in a row.

Stoch RSI is weak and slowly falling towards the midline while also making a series of lower highs in the last months

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Hiking rates like there is no tomorrow resulted in Zero progress in lowering inflation.

They just want the economy to collapse, and present CBDC as solution.