This time I will share a little of my trading strategy with you.
*note: this is only for daily traders not for long term traders.
For Bitcoin, it is currently in the 50:50 area, which means it can go up or down, so what should be done? Well, I have 2 directions that you might be able to use, namely;
Please wait, in one of the areas as shown in the picture.
If you have a gambling mentality you can enter at any time (I do not recommend this).
Next, I will give you a little strategy so that you don't regret taking the wrong position. The strategy is as follows;
Don't just use 1 timeframe.
If you want to take a buy/sell position, don't just stick to 1 timeframe, look at a more distant timeframe first to determine the ongoing trend.
Look for entry positions by shrinking the timeframe
If you already know the ongoing trend for the long term, you can reduce the time frame to look for entry positions.
After you have finished looking for a position to enter, you just have to look for a position to exit, you don't need to think about the area for stop loss because the position you choose is correct when you follow this.
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