MAXLEV PATTERN: NEW STRAT? OR A REFINEMENT OF THE OLD?After buying a trading book... damn, I'm overwhelmed again lol.
But, I guess having the indicators were just for additional volume confluence?
Basically overall shit is still the same.
SMC POI
LEVELS(S/R BASED ON PIVOT & PDL/PDH)
VOLUME PROFILES (STATIC & DYNAMIC)
TIME RANGE SWEEPS
But I think I realized something.
I used to mark SMC stuff first, but in actuality it should be the last.
Use pivot to establish day bias.
Use volume to see how price reacts to pivot/bias.
Use Time Ranges to check for sweeps whether continuation or reversal.
Use SMC/ICT to optimize entry on the 5min TF.
We'll see how it goes.
Stack
Q4 ETH/USDT Stack RebalanceThis is how I'll be managing my ETH/USDT portfolio through Q4. We're sitting in an uptrend right on the 100 Day Moving Average. Each time the price hits a key support level in the accumulation zone, I'll be buying ETH with half my UUSDT stack. Each time ETH hits a take profit target, I'll be selling half my ETH stack for USDT. Keeping it simple. Sometimes the best strategies are boring.
BITCOIN IS AT A CRITICAL POINT RIGHT NOW!Bears have the chance to show their strength and push the bulls off the cliff to $4800 levels. If bears fail, then this is very bullish and will likely send prices past $7600 and start the bull run. Either could play out in the short term.
My personal take is that the economy of which bitcoin is closely tied with is not doing so hot right now. The USA is the largest economy and it's in big trouble with the virus. So ya I'm bearish, but don't trade off this. I'm pretty high.