TLDR:
Picked a fake pump just now at the time of writing and was able to short - well.. everything. lol
It is easy to see the high volume market maker candles simply give you so much more confidence when something is real or fake. So if correct, we will be in a down market for a little that is prime for shorting. Let’s keep our price trend bias on the right side of the 50EMA on the 1H and keep cashing out every 1% move, and add to our short during retraces. Exit at an open/close candle on the wrong side of the 50EMA is what I will try to do. As long as we are adding to our position when it move against our directional bias within a larger trend that will reward us.
Though I have not done it yet, as Bitcoin is near all-time highs, I will start putting near all my funds into Bitcoin in AAVE and borrow some USDT for my trading account, then keep a healthy 30-40% LTV ratio, and rebalance regularly:
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Silverbacked
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