1) Range expansion to the upside kicked off another good run, which my system caught for +11.5%.
2) The trend was grindy. Alts moved faster than BTC (especially DeFi), which may continue. You can my previous trade in the related idea: "BNB might be the alt to bet on".
3) New highs saw zero volatility and BTC went into a range.
4) The range expanded to the downside. Take profits and/or go short!
Stats are from 1/1/2020 to current using ~2% risk. Since BTCUSD has gone 20x in the past year, short trades have been terrible. That's why I'm sitting this one out. If you like to short, go ahead!
2) The trend was grindy. Alts moved faster than BTC (especially DeFi), which may continue. You can my previous trade in the related idea: "BNB might be the alt to bet on".
3) New highs saw zero volatility and BTC went into a range.
4) The range expanded to the downside. Take profits and/or go short!
Stats are from 1/1/2020 to current using ~2% risk. Since BTCUSD has gone 20x in the past year, short trades have been terrible. That's why I'm sitting this one out. If you like to short, go ahead!
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