BTC , SEE YOU ON MARCH 24I WILL NOT CHANGE THIS CHART. See you on MARCH 24 with the chart. That is after the day of FOMC MEETING on March 23.
As a DAY TRADER you will ALWAYS have to adjust and expand/compress your TRENDLINES to get an ACCURATE TREND LINE.
A little ADJUSTMENT to my previous BTC CHART. Even though BTC broke down from previous post's RISING WEDGE and still trading below it, which haven't invalidated yet , but still I BELIEVE this TRENDLINE is better than the previous one. My Short area stays still the same.
Use proper position sizing. Start building your shorts. I have mines open already and I have over 100k$ liquidity. Because ALWAYS follow 1% rule.
NEVER USE MORE THAN 1% OF YOUR TOTAL PORTFOLIO PER TRADE.
You DO NOT have to get that ONE PERFECT TRADE where you entered at the perfect spot and took profit at the ideal breakout point.
All you HAVE TO DO is , being CONSISTENT. Always earning small profits , minimizing risk to the lowest. RISK MANAGEMENT is the MAIN KEY for DAY TRADERS.
You DO NOT have to be PERFECT. TRY to be CONSISTENTLY IN PROFIT while taking the MINIMIZEABLE RISK.
Do not try to TIME the market. DO NOT SHOW EGO WITH THE MARKET. THE MARKET WILL CRASH YOU. Be consistent,
#BTC #daytrading #cryptotrading #Cryptocurrency #bitcoin
