GBTC Updated Views

    Posted by steve on 28th of Jul 2020 at 10:10 am

    GBTC - Chart Link

    GBTC - Chart Link

    Very nice trade from last week 

    Shooting star candle currently on

    Posted by steve on 28th of Jul 2020 at 02:49 pm

    Shooting star candle currently on GBTC daily - attempting to bounce near today's gap

    Thx Steve.  Is the dotted

    Posted by z0ned on 28th of Jul 2020 at 10:37 am

    Thx Steve.  Is the dotted line your stop?

    Nope that's yesterday's closing price

    Posted by steve on 28th of Jul 2020 at 10:43 am

    Nope that's yesterday's closing price  - what's important is that you trade YOUR PLAN.   After extended moves - I shift to the smaller time frames and like to take some off to protect.  That's my style - define and trade yours.  GBTC weekly chart had consolidated into a pretty nice base.  

    Steve - I don't have

    Posted by z0ned on 29th of Jul 2020 at 09:52 am

    Steve - I don't have nearly as much experience as you or Matt and am still defining my plan through experience.    Understanding your plan is helping me define mine.   I am trying to stand on the shoulders of giants, not blindly copy.     

    oh I fully understand -

    Posted by matt on 29th of Jul 2020 at 10:28 am

    oh I fully understand - many of you just need help in devising a plan. That's why I share what I do:  I'm not much of a buyer of breakouts though I do them. I tend to see a strong trend at and and buy abc like pullbacks in that trend enabling me to place very tight stops when wrong. On a lot of breakout plays I tend to buy the pullback / retest more often than the breakout.  I tend to stick to tight flags, coils, wedges, patterns for more swing type stuff.  I utilize multiple time frames when trading i.e. daily, 60 min, 15, 5, I see the pattern on the larger time frame then fine tune my entry on the lower time frames. I like doing that with some of my indicators like the cycles. However as far as indicators I use simple things like the moving average ribbon, the pinches are low risk trade opportunties.  MACD, a Stochastic, simple stuff.  You might find that you like some of what I do, some of what Steve does, some of what others here do and mish mash them together

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