Momentum Trading Strategy

Notes

Short lessons on momentum trading, every day.

Every note from Substack, in one place: risk, setups, leading stocks, market conditions and the mindset behind them. Search them, browse by topic, or filter by stock.

Showing 1–1 of 1 note

$BTC ×
View on Substack ↗

Look at Bitcoin and Crypto Go 👀🚀

BTC is working toward showing the kind of character change I’ve been waiting to see.

Price is now back above the 200-day moving average, something we haven’t seen since the topping process began last fall.

From here, I’d actually prefer to see a pullback and consolidation rather than price just running straight up. Ideally, BTC establishes a higher low, similar to what we saw in 2023, and then turns higher to break out to a new high.

That would also give the 50-day moving average time to rise back above the 200-day, while allowing the 200-day to flatten out and eventually start trending higher.

Higher high. Higher low.

Price above the 200-day.

50-day crossing back above the 200-day.

200-day turning higher.

That’s the character change I’m looking for.

Crypto is getting interesting again. 👀

$BTC