Less friction, more action

Once again, we are looking at the Bitcoin chart. Let's first examine the 15 min chart to get a better understanding of overall market direction. First, you must understand that if you enter via higher Timeframe bias, your RR is massively improved as you can find entries in the lower time frame but Take Profits at the higher Timeframe Targets. 

HON went to the Target 2 of the purple XABCD but not as far as it could have - at first (perfect ABCD and Rebound of the Black Swan)...

Everyone Talks about Trend Following.....but what does it actually mean?

This week initially looked like ending on a negative note, which fueled fears of a stronger correction. However, on the last trading day, the S&P 500 was able to defend its upward trend impressively and formed a striking “hammer candle”. This reinforces my positive primary scenario that the index will continue to rise towards 5,766 points. In the USA, the technology sector gained relative strength, as did the utilities and communication services sectors. In contrast, the previously strong Industrials and Materials sectors showed weakness. I plan to reinvest the liquidity freed up by stop-loss measures in my existing investments and in stocks that have remained particularly stable during the correction. Whether U.S.A. or Europe is irrelevant given the current small difference in relative strength.

Do you trade without a strategy? That’s like sailing blind in a storm 🌪

Bitcoin and the altcoins continue to be nervous and volatile. For me, this is a clear sign that cryptocurrencies have not yet bottomed out and that we are likely to experience a major shake-out. Because with every week that sees no upward breakout, the often inexperienced investors become more nervous, and the big market players want to take advantage of this to take shares away from the "weak hands" before the next upward impulse. I remain fully invested and am preparing myself psychologically for this event, it wouldn't be the first time.Hashtag#BitcoinHashtag#cryptocurrenciesHashtag#cryptoHashtag#BTCHashtag#portfoliomanagementHashtag#altcoinsHashtag#coachingStrategic fundamental opinion on cryptocurrencies as a speculative asset:https://lnkd.in/daskXYkX

Die Kunst ist jetzt natürlich den passenden Einstieg in den Markt zu finden. Ich behelfe mich mit einem Chart auf Wochenbasis, welcher derzeit die Möglichkeit eines Wolfsmauls bietet.  Ein Wolfsmaul besteht aus 5 Musterpunkten und die Linen stellen Signal und Zielbereiche der Kursbewegung dar. Für ein Signal im Wolfsmaul, muss die untere gelbe linie gebrochen werden und anschließen in einem Reversal erneut die Signallinie in unserem Fall von unten nach oben durchdringen. 

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