Daily 100 MA Importance

25 de mar. de 2022

Highlighting a few things of note when it pertains to the Daily chart and the 100 EMA.

Observations:

1. The first time BTC closed below the 100MA it had a 40% drawdown. The second time BTC broke it, it had another close to 40% drawdown.

2. When btc broke back above after falling below the first time, you can see btc had a nice 70% pump.

3. Btc is now back above. 75k next? Time will tell.

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Top 10 trading tips:
1. DO NOT FOMO into a trade. Let it come to you. Don’t force it.
2. Find a strategy that works for you and be consistent. Operate like a machine and less like the wind.
3. Let your winners run and cut your losers short.
4. You will not win every trade, but if you are disciplined with great RM you don't need to be right all the time to win!
5. Before you enter a trade, know your target AND your exit strategy.
6. Never use just 1 indicator for confirmation.
7. Set Perimeters and remove emotions from the equation. (stop loss, take profit levels, etc)
8. Don't fight the trend. The trend is your friend.
9. Price Action greater than Indicators/Fractals/MAs
10. Horizontals greater than Diagonals

Please Note:

- This is not financial advice.
- I do not take every trade I post.
- Never trade off of someone else's chart until you DYOR!