Trading Tips (P1)
Source: a GutsBTC
Weekly Spot Closing Checklist (W)
No one can perfectly catch the top, so the best way is to have a clear checklist to act on signals rather than emotions. I usually do as follows:
Open TradingView
Set to 1W candles, switch to Heikin Ashi
Read the candle structure: does the token I hold have a series of green weekly candles?
Case 1 – No green series
Alternating red and green candles: the market is moving sideways, observe which side has the upper hand.
If a series of red candles begins to form and trades below EMA100, then it’s advisable to close most of the position – it’s likely that the coin has entered a downtrend. Only consider re-entering when a doji candle appears and there are clear reversal signs.
Case 2 – There is a green series
Green series is still maintained: hold strong, do nothing.
Green doji candle: continue to hold.
Red doji candle: set an alert below the bottom of this candle cluster. If the next week closes red and breaks through the bottom → close some.
The first red candle after a green series: close 15–20%.
The second consecutive red candle: close an additional 30–40%.
If a red candle closes below EMA100: close almost everything, keep about 10% as a “lottery ticket.” When the price turns green again and closes above the EMA100 on the W timeframe, you may consider re-entering if still interested.
Macroeconomic factors
A simple principle: when the FED starts to raise interest rates again after a continuous decrease, you should close everything. Liquidity gets locked, and risky assets will no longer have room for growth.
