- I have no idea what will happen on Aug 1st, so its hard for me to recommend any action. However I will be keeping my BTC safely tucked away in cold wallets.. So yeas as we get closer to that date I will trade less size.
- It works as well on BTC as it does on ETH.. flawless charts
- Every base you drew on that chart gave you a panic and bounce back the base.. so Im not sure what you meant by not correct? I think you did pretty good with drawing bases.. I mean there are alot of bases missing.. but you drew some good ones..
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I'm not trying to be nitpicky with your strategy, just playing devil's advocate: but when it broke line 5 it never seemed to resurface... Also, is there a maximum holding time?
I drew some yellow lines to show the crack and the bounce back to the crack.. your line 5 was not quite at the low of that base .. but you can see that it bounced back to that base.. As far as holding time, when your working off 1hour candles, then you should expect it to take a few days to return to the base.. however I often get a profitable trade in an hour or two... and then im reloaded to buy again..