How to successfully grow the size of your trading portfolio using:
-A trading strategy
-Proper Risk management
-Self Management
1.1) A trading strategy
Any strategy is acceptable. Some use:
-Demand and Supply
-Pattern trading
-Harmonic trading
-Smart money concepts
-Elliott wave
-Indicators
However it needs to be somewhat successful.
1.2) How successful is partially depended on your risk management, but for this example we will use a 50% HIT-RATE. Meaning using this strategy we are right 50% of the time.
Technical Analysis means you can use historical data to extrapolate future price action and identify the current trend to a certain level of accuracy.
First chart is to show what price areas I primarily look at as a bottom.
2/10
These are the Hull Moving Average (80) and the Regular Moving average (200). @FSgura taught me to use HMA to identify Bull and Bear markets quicker. Any price action above we consider bull and any price below we consider bear. Occasionally you will see some fake outs.
3/10
I'm looking at historical data to find similarities.
1. After a bulltrend BTC loses HMA and retests it. The second time it retests bearish BTC crashes. 2. BTC crashes towards the 200MA. 3. BTC consolidates on/near MA until HMA catches up. 4. HMA crosses below + above MA.