BIT Langlang · 2023-12-30 — Bullish but Not Aggressive at Highs: BTC's Range, ETH's Relative Strength and Low-Leverage Planned Trading
The session judges BTC still bullish overall since October but already high and harder to trade, so it is bullish without being aggressive. It covers short-term range trades on BTC, the conditions for ETH outperforming and breaking out ahead of BTC, and how ETF news relates to the liquidity cycle. The second half stresses low leverage, cutting size when stops must be wide, avoiding fancy hedging tricks and using alerts instead of watching charts all day.
2023-12-30 · 30:39
- Until BTC has corrected enough from its highs, trade it with a short-term mindset; even on a breakout, don't expect to hold it as long as in the earlier leg
- For a BTC short-term long, wait for price to reach the key range level and hold on the retest; don't short ETH, just wait for an upside break of the 2400 platform
- While both consolidate, if ETH is clearly stronger than BTC and breaks out first, it is reasonable to be relatively more aggressive on the long side
- Leverage caps are 10x for BTC/ETH and 5x for altcoins, only lower; when a sensible stop is far away, reduce size instead of shrinking the stop
- Set take-profit and stop-loss before entering and leave the trade alone, use alerts at key levels, and skip tricks like hedging, locking or rolling positions
- 6:50 BTC: bullish but not aggressive
- 9:57 When ETH's relative strength counts
- 11:02 Range triggers for BTC and ETH
- 13:54 No high leverage, even for short-term trades
- 18:09 Skip the tricks; set it and leave it
- 21:17 Use alerts instead of watching all day
- 22:55 ETF news and the liquidity cycle
- 27:55 Stops and losses you can afford
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