Bitcoin Expansion and contraction

2022年9月8日

9. 7. 22 Bitcoin This is expansion and contraction part 2. It would probably be best to listen to part 1 first. I decided to use some of the other tools that would facilitate my training once I understand how a market expands and contracts. There is one thing I did not say it is video because it's automatic and I've said it so many times before: When I went to the left side of the chart to show expansion, I didn't short the new high. What I did was wait for the market to correct lower to the Breakout, and that's when I would have taken a long trade. This is because the markets were baking new heights, and in this market was making all time new highs. So I wait for the correction lower to be a buyer because it is much safer. Because it is an expanded market, it might take me one or two days to find a good trade because the market is trading higher or lower with greater reach in both directions. I don't care if I miss a trade in an expanded market because they almost always corrects back to the breakout higher. In other words, I am never a buyer on the breakout of a market to all-time new highs because we don't know where the sellers are when a market is at all-time new highs.