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Trading Room

May 27, 2019 • 9 tweets • 6 min read • Read on X

$BTC vs $USD pairs

How to play?

BTC Up-Trend = Play USD Pairs

BTC Down Trend = Play BTC Pairs

BTC sideways = Play Both

BTC indecisive = Be selective & be prepared to jump either ways on short notice

This is relevant if #Bitcoin Dominance is high & rising up

Thread / 2

If #Bitcoin dominance is diminishing & on its way down, we can play:

$BTC Up-Trend = Up-Trending ALTs with stronger trends than BTC can offer higher profits in USD terms. You get the benefit from BTC up trend + ALTs uptrend

Thread / 3

If #Bitcoin dominance is diminishing

#BTC down trend = Play BTC paired ALTs with strong up-trends. This will help you to beat negative BTC returns & accumulate more #Bitcoins

#BTC sideways = Play whatever is trending

#BTC indecisive = Be prepared to jump either ways

Thread/4

If your only purpose is to accumulate more and more #Bitcoin than keep it simple

Keep your base currency as #Bitcoin & hold #Bitcoin during strong $BTC up-trends

Sell your $BTC only if it starts struggling against strong resistance

Trade $BTC when it stops trending

Thread/5

Now a lot of you may or may not agree & that is because there are some who calculates their profits in Fiat terms and some who prefers to accumulate more #Bitcoin

You have to decide what you want to achieve as your end goal

Make money in Fiat or

collecting more bitcoin /6

If your sole purpose is to collect more #Bitcoin & your base currency is always $BTC than you don’t really care much for Fiat returns

In that case you may always hold $BTC & Trade your #BTC for ALTs “only if $BTC is down trending & BTC paired ALTs are up-trending”

Thread /7

If your sole purpose is to make money in Fiat / USD terms, your life is super easy

All you care is, what is up-trending in USD terms. If #Bitcoin is up-Trending you are buying and selling $BTC

If not, wait for up-trends to develop in USD terms for any other coins

Thread/8

Remember an ALT May go down against #Bitcoin heavily or go sideways against $BTC but still outperform profits / returns in USD terms, purely because #Bitcoin itself is up-trending against USD

In short #BTC Up-trends = profits for USD returns seekers across the board

There is always a dilemma about when to trade ALTs & when to hold #Bitcoin it you are a $BTC maximalist

Keep it simple

Hold $BTC during strong #BTC up-trends but trade them for ALTs if you manage to identify an even stronger trend for a BTC paired ALT

Hope this helps 🙏

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Trading Room

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May 12, 2022

Free Alpha

Stop guessing #Bitcoin bottom

Instead use some simple and easy to understand rules to figure out the most likely area for interim local bottom

Thread 🧵

Share it if you like it

In order to identify potential bottom, you need to use Relative Strength Index & Moving Average Indicators

If you are new & not familiar with RSI & MA check some training videos on YouTube

If you are familiar with Technical Analysis follow these steps

……

Open Bitcoin H4 (4 hours chart) on TradingView

Add RSI 14 (default) on the chart

Remember to use only TradingView default RSI indicator that says updated.

Read 21 tweets

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Jan 22, 2022

Oversold Conditions

The entire market is oversold across all major timeframes. That doesn’t mean we will do a V shape recovery

At best we will get 23.6 / 38.2 FIB bounce for some of the major coins and potential 61.8 / 78.6 for trending coins from past few weeks

Thread 🧵

How to spot reversals and how to profit in current market conditions ?

There are two types of coins with two different behaviors

Coins that were trending up and pumping hard before this entire dump saga began & coins that were going sideways / down trending

…..3

Coins that were sideways / down trending even before this dump started will be laggards when we get relief rally

Coins that were trending up / breaking new highs / strong momentum coins / good hype / big community will recover 50-150% very quickly on relief rallies

…..4

Read 11 tweets

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Jan 20, 2022

TA vs FA

Technical Analysis vs Fundamental Analysis

TA works 90% of the times, FA works many times but when FA works, TA takes a backseat

Don’t blindly use TA during times of major economic events & catalysts from other co-related markets

Thread 🧵

It’s wise not to use TA during the black swan events or during uncertain emotional events

Wait for that event to pass & TA will eventually takeover price action

Global stocks are dumping hard with Nasdaq $NQ leading the pack. For now $BTC is closely correlated with #Nasdaq

..3

#Bitcoin gave up all the gains and is back below original breakout levels. I won’t apply TA for the day until I see Nasdaq finishing a floor. The dump is brutal and hard.

Next support for NASDAQ is 5% away from current levels. Let’s wait and see if that holds

….4

Read 12 tweets

Trading Room

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Jan 19, 2022

Free Alpha

Do yourself a favor and add OBV indicator on your charts. Now add 20 & 200 MA on top of OBV indicator

Add an indicator on top of an indicator. Now you can spot price vs OBV divergences easily

Read this thread for more…..

Now watch H1 for short term reversals and H4 & Daily for mid term reversals

Works best after huge pumps and dumps to find reversal clues

After a big dump, If OBV breaks above 20/200 MA & if 20 MA turns into support, expect local reversal

…..3

If price is below 20/200 & OBV is above 20/200 & holding 20 as support that’s your incoming breakout clue!

What that means is, OBV broke the high but price is still struggling. Price May still dump all the way to retest the low & even two little lower to clean stops but

…4

Read 8 tweets

Trading Room

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May 14, 2019

ALTs update

#USD paired ALTs are pumping, mostly thx to $BTC pump against #USD

$BTC paired ALTs continued to struggle but are showing bottoming process for last few days

Here is how to play ALTs:

Check the Thread /2

If you are into $BTC you may flip your #BTC position for ALTs for next few days if #Bitcoin struggles against key resistance & can’t post higher highs in next few days

Which ALTs to choose ?

2 setups

Trend Continuation
Trend Reversal

I prefer 1st one, let’s discuss both /3

Trend Continuation is relevant for those ALTs which are still trending up against $BTC

There aren’t many, but handful of them like #LTC #BNB are taking a breather against $BTC But May find a support & eventually pump again

What about Trend Reversal? /4

Read 9 tweets