It's a Range
Updated
On Deribit, scalping both ways. Long swap/June, Short March. Ideal case is build a respectable March short to capture the premium and ride long swap with Deribit's sensible funding mechanics. I use June as a way to add directional bias into my trades without changing entry prices for swap/March. I also use Bybit's USD traded alts to capture 'small' movements when BTC hasn't decided on a direction. EOSUSD is unpredictable but yields much higher volatility, XRPUSD is a sensible pair to trade for scalping. I do not like ETHUSD because its volatility can't keep up with XRP or EOS intraday.
9200-9399 with nasty stop runs out confirmed. On derivatives exchanges, keep in mind of the 1% reversal rule. There is also entering positions 1% out of the range.
Additional pics for confluence:
With increased interest comes more money/participants, orderbooks get thicker, and volatility will start to get a little low. Ideal for alt scalps.
9200-9399 with nasty stop runs out confirmed. On derivatives exchanges, keep in mind of the 1% reversal rule. There is also entering positions 1% out of the range.
Additional pics for confluence:
With increased interest comes more money/participants, orderbooks get thicker, and volatility will start to get a little low. Ideal for alt scalps.
Comment
Much range. For my personal rules, midpoint in a range is ideal for reducing/closing position or hedging, never opening. On the contrary, midpoint in an uptrend/downtrend (halfway retrace) is ideal to open a 'safer' position to ride the trend or close an underwater position.
Comment
Comment
Next time write notes in text so it will be easier to journalComment
Entered short on .5, invalidated/stop at 9450 squiggly line.
My published indicators: tradingview.com/u/NeoButane/
Sorry if I haven't replied to your message yet, I'm a bit backlogged :)
Sorry if I haven't replied to your message yet, I'm a bit backlogged :)
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