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A Bitcoin trader waits for overnight pullbacks to enter positions instead of chasing intraday moves. The method aligns with bullish daily and hourly bias, aiming to catch volatility expansion when the new day begins.
A Bitcoin trader waits for overnight pullbacks to enter positions instead of chasing intraday moves. The method aligns with bullish daily and hourly bias, aiming to catch volatility expansion when the new day begins.
And this is something that happens almost daily. The main trading session ends, you go into overnight mode, and you start retracing. Now, waiting for this retracement is actually genius because I didn't need to chase price and take some stupid trades on a day where I was no longer expecting this much price movement. Instead, I can start off fresh, get into a better position, and potentially ride a daily volatility expansion of this new day. Daily bias is bullish, the 1-hourly is already bullish. Right now, we're just looking for retracement. We get in and we ride the market upwards. There's a concept known as momentum trading. You can call this retrace and continuation, whatever, or buy the dip if you want to use crypto bro terms.
