Is the crypto winter over?

That's why you need to pay attention to open interest, not volume.

https://www.coinglass.com/BitcoinOpenInterest

 

It hit in 12 candles (3-hours), I missed the entry by about 10-15 minutes, see that red wick candle, btc perp futures went as low as $20,660'sh

I did not even have my charts up at the time, anyway, looking for an entry now

 

Well, there's no use dwelling on the woulda, shoulda, or coulda.

But as you pointed out, we're currently rangebound so place your orders in advance to buy the dip and sell the rip. However, always be nimble and use stops. Also, unless BTC break out above 21300, I would be cautious staying in a long position. I believe the downside at the moment far outweighs the upside.

 

Will post the trade on another thread, don't want to pollute this thread

 

I don't mind, as long as you share your rationale.

 

I'm literally a beginner trader, my rationale will not make sense

https://www.elitetrader.com/et/threads/crypto-macro-trends-for-2022.363931/page-63

 

Okay, I've laid out a plan for you. Hope it helps going forward.

 

Very nice. I like those blue lines, any guide on what that's called or how to draw them on TradingView?

 

Trendline. You can manually select it from the menus on the left (see below) or simply press Alt+T on your keyboard.

 

Got it, thanks!