CCrypto
268 posts


🚨 NEW: Olly Robbins will tomorrow accuse Keir Starmer of pressuring the Foreign Office into approving Peter Mandelson's appointment
A Whitehall source says he "won’t hold back" and that his appearance will be "box office"
[@thetimes]
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@MrRoflWaffles @cinnabrit Hi mate haven’t been too interested in the recent game since launch so haven’t watched much, jw has your tinitus got better?
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Getting questions about profit taking and what to expect next for $CRV.
So let's talk about this:
First off, on HTF, we are still focused on the idea that we have a HTF trade setup with inval at .18- that trade/position doesn't change based on these LTF movements.
On LTF- we just played a LTF setup off of our triple tap base, with clear LTF inval, which allowed us to open a long targeting the local range highs, which we've now met.
Now there are two distinct possibilities that we know we have to evaluate after a triple tap completes:
Scenario 1: The triple tap base acts as a bottom forming accumulation range that leads to further expansion upwards
OR
Scenario 2: The triple tap base just allows for enough of a counter trend rally to hit it's target before reversing back in the original direction and melting through the base for continuation lower
We have also seen instances where BOTH of these outcomes have played out- so what do we do? Do we take profits at these local range highs and at the first target or do we hold out for higher?
This is where portfolio and timeframe separation comes into play.
For example, I will have up to 3 positions on $CRV at any given time, each based on a different TF, different inval, and different approaches.
Position 1: Spot position. Accumulate at lows, sell at end of cycle/new ATH- no "inval" unless there is a fundamental change in the investment thesis. Inval is based on shifts in thesis, not on price.
THIS POSITION REMAINS UNTOUCHED AT THIS TIME.
Position 2: HTF long on $CRV with inval at HTF level of .18- anything movement above that is noise, take profit target is significantly higher.
THIS POSITION REMAINS UNTOUCHED AT THIS TIME.
Position 3: LTF long on CRV, playing the triple tap formation. This idea has MET it's target, so profits have been taken on this LTF scalp long (~20k profit, not bad for a 2 day trade).
NOW, I am prepared for EITHER of the two scenarios above.
1. If we simply keep going up (Scenario 1) then I capture the upside on both my spot port and HTF long position.
2. If we pull back from the range highs/local resistance (Scenario 2), then I have the opportunity to jump into another LTF scalp long if/when the opportunity presents itself.
In this way- it doesn't matter if I "know" what is going to come next- a breakout or a rejection. EITHER WAY I will be prepared and have a plan in place.
You don't need to be able to see the future (no one can) you just need to have a plan for either outcome so you can win either way.




CrediBULL Crypto@CredibleCrypto
Doesn't get much cleaner than that. Local range highs met and triple tap target hit ✅ $CRV
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CCrypto รีทวีตแล้ว

@a1phabarbie @sciencegirl To stop bees from creating hives in the walls
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@Bobby_Cryptorod it’s happened to me multiple times now bro someone’s got it out for me🤣
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@Maxpower1140536 @Cryptoinsightuk Bros never made a mistake in his life
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@Victorp18811 @TheICHpodcast No he’s part of the solution, AI will in future be able to reverse all damage it has caused. People need to give it time.
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