What’s up legends!
Nice little run on BTC early this week. I had some behind the scenes business disasters I had to deal with and couldn’t manage trading and dealing with what I had to so I didn’t personally take the long. And there’s the lesson – recognise where your head is at and if distracted, don’t trade.
Let’s take a look at the BTC weekly cycle first and see if we managed to have a typical week according to the business model.
BTCUSDT Chart
Looking at the chart above it’s clear to see we very much had a typical week.
TRADE ONE – BTCUSDT
After missing the long at the start of the week, I had to pay close attention and be on the ball for the midweek reversal. The three rises were obvious to me – they took us right to the resistance line of the 1H channel and then we got a SVC. I built positions for this one, with my first entry after that SVC then slowly added positions as we were coming back for the second peak. I was prepared to exit if we broke resistance and this is why I chose to build positions
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One Response
Hey Annii, I really appreciated your lesson on heat maps. I was wondering if you could do one on open interest. I’ve been watching various traders talk about how they use it on various timefames and I’ve also noticed you’ve had it on your charts on youtube. Would love to hear how you purpose it. Thanks, queen