Technical analysis by Delzeyne about Symbol BTC: Sell recommendation (10/10/2023)

BTC: a simple swing trade strategy Day traders lose 90% of the time in a certain amount of time, i always heared The probabilty in exceeding is than 1/10, or risking 90% to earn maybe 10% That doesn't seem a good strategy for beginners Certainly if you are highly senstive or emotional like me, the odds of exceeding even go further down So my advice, and my personal type of trading is swingtrading The emotions of a 15minute chart dropping a candle to the bottom of your screen can be very impressive When zooming out your timeframe and the necessisty to look at the chart goes drastically down You have more time to make a decision, if its not clear, you just wait another day for more clarity Sure the potential profit goes down, but you need to make an decision for yourself Do i want more potential profits but a lot of risk or dou you want give up greed and lower your expectations for far less risk, time invested and stress & emotions For me its clear, i have patience, wait some weeks for an trade and its boring, but slowly progress In the meantime i do practice daytrading with the paper tradingsystem of tradingview Am i ashamed of that? No and you should not be either, it's a personal journey of progress Until you can double you're account on a papertradingsystem without leverage i advice to swingtrade Tradingview has this built in and works fine, a recommendation to use this if you still wan't to try daytrading Now to give an example of a simple swing trading strategy, it doesn't have to be complex 17 day - Timeframe + 8 Simple Moving Average Buy signal = Breaking above the 8 sma and find support on it Sell signal = Losing support on the 8 sma or rejection of the 8 sma as resistance Signals are to be looked at the candle close So every 17 day you look at price where it is Next close is in 6 days and 12h If the price closes under 8sma you could go short