#ThanksgivingBTCMoves
Key Lessons
1. Stick to the Plan:
Never panic, sell or buy out of greed. Discipline and patience are everything.
2. EMA Strategies:
EMA 5: Best for 5-minute trades.
EMA 21: Ideal for 15-minute to 1-hour timeframes.
EMA 50, 100, 200: Great for longer timeframes.
3. Margin and Leverage:
Use leverage wisely. I stick to 5x leverage and never risk more than 1% of my margin on a single trade.
4. Fibonacci Levels:
The .618 retracement level is incredibly reliable, even more reliable than the “gold pocket.”
5. Candlestick reading:
Understanding candlestick patterns is essential. Without this skill, profitable trading is almost impossible.
6. Liquidation awareness:
Most liquidity heat maps are fake and manipulated by exchanges. I rely on a proprietary tool to get accurate data.
7. Focus on price action:
Fundamentals sometimes matter, but 99% of the time, price action drives the market