Dec 19th 2019, Crypto Chartbook – Pre holiday opportunity timing

Pre holiday opportunity timing

We pointed out risk, reward and psychological abnormalities of pre holiday trading in our previous chartbook. One always should reduce size for this sort of trading. Taking part if opportunity presents itself in pre holiday trading can be very rewarding. Weekly charts show low risk and in favor to take a position. This chartbook will guide on the various timing possibilities on how to enter into this holiday setup: pre holiday opportunity timing.

Weekly chart, BTC/USDT, December 19th 2019, “good risk reward ratios”:

Bitcoin in TetherUS, weekly chart as of December 19th 2019 a

This weekly historical chart illustrates opportunity. Always after brief four to five weekly double bottoms bitcoin has seen positive advancements in price. For this reason we already posted an aggressive weekly time frame long entry live in our telegram channel. You’re not too late if you missed that entry.

Pre holiday opportunity timing, BTC/USDT, weekly chart, December 19th 2019, “good support”:

Bitcoin in TetherUS, weekly chart as of December 19th 2019 b

One chance to be on board is waiting for this week to close as a green candle. If we should be that lucky an entry at the open of the next weekly candle would be suitable for a longer term holding.

Prices having rejected the green band of a supply demand zone strongly and point towards a reversal.

BTC/USDT, weekly chart, 12/19/2019, “the weekend play”:

Bitcoin in TetherUS, weekly chart as of December 19th 2019 c

For those readers who trade anticipated versus confirmed, there is also a more immediate play. With prices trading in the upper range of the last weekly bar one can risk an immediate entry into the unfinished bar as well. For this we need to stack odds on lower time frames:

12/19/2019, BTC/USDT, daily chart, “entry fine tuning”:

Bitcoin in TetherUS, daily chart as of December 19th 2019

Prices shooting through the entire range (dotted horizontal purple lines) on the 18th of this month promise strength. The 19th being a natural pause day after this action points towards Friday the 20th (and following) days to be prosper entry days at the open of the new bars.

Pre holiday opportunity timing:

Never force a trade. Never take a trade one does not feel comfortable with. In case recent chart books and their pointed out stacked odds of mid to end December trading resonates with your own approach, then the above entries might be of interest for your confirmations. Always trade half size or less on trading abnormalities like these.

All charts timely posted in our telegram channel.

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About the Author: Korbinian Koller

Outstanding abstract reasoning ability and ability to think creatively and originally has led over the last 25 years to extract new principles and a unique way to view the markets resulting in a multitude of various time frame systems, generating high hit rates and outstanding risk reward ratios. Over 20 years of coaching traders with heart & passion, assessing complex situations, troubleshoot and solve problems principle based has led to experience and a professional history of success. Skilled natural teacher and exceptional developer of talent.Avid learner guided by a plan with ability to suppress ego and empower students to share ideas and best practices and to apply principle-based technical/conceptual knowledge to maximize efficiency. 25+ year execution experience (50.000+ trades executed) Trading multiple personal accounts (long and short-and combinations of the two). Amazing market feel complementing mechanical systems discipline for precise and extreme low risk entries while objectively seeing the whole picture. Ability to notice and separate emotional responses from the decision-making process and to stand outside oneself and one’s concerns about images in order to function in terms of larger objectives. Developed exit strategies that compensate both for maximizing profits and psychological ease to allow for continuous flow throughout the whole trading day. In depth knowledge of money management strategies with the experience of multiple 6 sigma events in various markets (futures, stocks, commodities, currencies, bonds) embedded in extreme low risk statistical probability models with smooth equity curves and extensive risk management as well as extensive disaster risk allow for my natural capacity for risk-taking.