When there is panic in a bull market, that's a long.
Don't need to wait for "confirmation".
Don't need to wait for "confirmation".
Look into the Three Pushes pattern, very useful for timing entries intraday when combined with watching volume exhaustion prints. When an impulsive move (i.e. a push) is very strong, expect continuation. Generally best not to fade the first push (unless a great scalper). 
These are $ETH and $BTC charts for last week's crash.
Identify the three pushes.
Identify the three pushes.
Idea is to fade a push against a larger trend. Which push (2nd, 3rd, 4th, all) depends on bias, skill, and how extreme circumstances are (look at volume, funding metrics, liquidations and/or order book depth for that). Best if against a support level, but this is not necessary.
Odds are price will bounce at some point, providing a margin of error in which one can get out at profit or small loss if things still looking terrible.
I generally use the initial bounces to scale out.
I generally use the initial bounces to scale out.
If doing this on leverage and/or with tight stops, its particularly important to enter at market or with stop orders on the way up, instead of simply placing limit orders and hoping for the best.
I'm good at this because I've done it more times than I've jerked off.
Practice makes perfect.
Getting REKT multiple times while learning is more than just unavoidable. It's necessary. Think of it as learning to ride a bike or to ski.
Practice makes perfect.
Getting REKT multiple times while learning is more than just unavoidable. It's necessary. Think of it as learning to ride a bike or to ski.
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