The trading range squeezing. Place your bets slowly.

By TradingStrikes | strikingtrades | 9 Aug 2019


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Bitcoin wants to make a move this weekend and we will see something. I wanna talk about the importance of ramping up position size if it starts going my way. Today I put in 50$ for a long position and I have a total of $1000 that I am willing to trade with for this particular squeeze. If BTC goes to $11,950 I will put in $150 and at $12,100 I will put it another $150. Then I will play a stair stepping strategy using a MACD and simple moving averages on a 5 min time frame. I will sell my entire position off if it makes and massive jumps up or down. If BTC never even hits $12,000 I will just leave in my original $50 for next time. If I put in my entire $1000 position today I would be pretending and hoping that I know which direction were gonna go, and that would be a lie. This way, I get to preserve my capital and place more bets as BTC goes up.

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