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Overall the picture is not too clear looking at bigger chartframes (3H/4H/D) so I will refrain from shorting this since we are in overbought but overbought can last a long time ... better see some clear setup before going against this.

I took some more time to go over my charts and backtest hypothesises ... seems I was once again on the wrong track with things ... but I found a solution after long pondering about things ... I kinda integrated Elliot wave thinking into my price action on occasions ... I also will look better...

that was exactly my point ... we are again in an uptrend at this point in time ... however we are in a bear market, we just need to see the lower top ... my guestimate is we'll see that one at around 18000 from then on the trend will be down ...

don't confuse bulls with brains ...

what I look for myself is a signal on the 2H that rolls into a signal on the 3H or 4H, only then I got a signal ... that seems to me the lowest you can go ... I use stochastics as an aide and use ema20 and ema50 too ... but I have been messing about too long on smaller timeframes which just were...

seems you more or less got the right idea ... the pain in the but part is the implementation of these principles ... the best advice I can give you: don't go to low in timeframes been there done that got the T-shirt ... probably nothing below the 2H is worth the effort and even then you need...

you do know that this isn't a bull market anymore in BTC ? we are just making a bear-rally so be very carefull if you try to pull off trendfollowing trades ... one trend can be totally inverted to the trend in the higher timeframe: that's what makes a market ...

All the best to you too for 2018 !

No I departed with that long term view in light of my new info of the bigger charts. I see us going to 1.1941-ish (so I will short the 2nd of Januari) where I will go long and my really long term view is that we are going to 1.2356 ...

yes, it does, I had plenty to time to think about my stuff the last few days ... I am not on the right path with what I wanted to do ... so I will stop scalping and let this be a swing trading journal from now on ... hopefully with better results ... I'll be moving to higher timeframes for that...

lessons of the day: be very carefull when going countertrend, don't anything below 30M to trade ... hopefully better start of the day than the way it ended tradingwise ... See you next year

short 1.2008 because of hourly evening star

out be

long 1.2008

out -4 pips

pfew, last hour was rough ... got stopped out on that bad entry and reshorted 1.2005

Targeting 1.1971

messing about but learning stuff ... reversed to short @ 1.19895

long now from 1.1991, probably not for too long though

got stopped out for -5