Evolution Trading
Evolution Trading 3 minutes reading from Bitcoin

Markets Update – Peak Bull Case?

Case Study on entering and exiting the market, based on BTC 1 day chart.

Study this and you may protect yourself from losing money and/or get rich

Not financial advice

Let's goooooooooooooo

Peak Bull-run 2017-2018 Notice the change to bearish structure? (Lower highs and lower lows)

That is your signal to exit. If you just entered, that is your signal to cut loss

After that, the market kinda entered bear market/sideways for quite a long time. However, notice that using an established support and simple candlestick pattern, we might make a good profit

Spotting Opportunity during the period full of fear (end of 2018/early 2019)

Note: The lower support is from the 2016 or 2017 price

The flaw of this method is presented here. Notice only relying on single signal lead to missing opportunity (price rocketed after bearish engulfing)

Can be mitigated with partial instead of full profit taking, for example

Meanwhile, new support established

The 2019 high. Here the exit signal was crystal clear

(Notice the established support? Wait for it)

The COVID crash Notice the entry signal at the support?

Now I wish I could have known this method

Hammer candle after the crash The rest is history

This post is based on this twitter thread.

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