I know, but look how long these waves are.. Even if you only ride 60% of them you are making money. Along with a good money management strategy it basically puts you always on the profit side.
The day trading strategy of the prophecies
I dont understand. Am I longing or shorting.
Of course, that's why we use stop losses. And if we end up not making as much money as we could, that's still ok. What I want is to find that slight profit advantage that in the long run will make substantial money.
Even with what you said, if you look at the waves in the graph they still go on for 5 - 10 - 15 days at a time, proving that trend is more important than random events in this market.
Heikin Ashi does not work
Go on, I'm listening.
Yes, you can ride these waves. The best indicator is support/resistance, I never use Heikin Ashi or RSI.
In this case you can see support/resistance clearly. Simple strategy: buy support, short resistance. Stop loss a little bit below support/above resistance if it breaks out.
so you bought?
You cant daytrade crypto, its not even a 50/50 situation.
I feel like the "You can't daytrade crypto" thing is one of the biggest memes used to make money on this space. Picture this, a high percentage of guys in crypto are totally uneducated in trading. So they are trading with emotions, or falling for the HODL meme (look where that got you in the past 6 months), while guys who understand the market are making money out of everyone's inexperience in this.
Have you tried day trading without a solid strategy? You probably lost a lot money. That means someone is making money based on your inexperience. Prove me wrong.
The pic is a little bit outdated, we're much further into the triangle now. I didn't buy, but above 7k is bullish breakout and below 6k bearish breakout. I'd recommend to watch what happens the next few days/weeks and follow the trend if it breaks out.