Use only EMA200.
buy/long at EMA200 sl at -5%
sell/short at EMA200 sl at +5%
Pity and sympathise with who would follow this.
Especially on our current volatility
Market would hit stop loss on both and start moving in a direction it likes.
That's the issue of this method, it may serve smart in book i.e opening two opposite trade and placing a stop loss at both, but it's not smart.
The market is heartless and smarter especially to traders.
I know people make money from trading and shit but anxiety and over thinking ain't good for my earth.
Yes those who overthink are basically bound to lose money, those who invest in Bitcoin who want more benefits and earn more money are basically indulging in a different kind of thinking. And to implement this thinking they follow different steps so such people and investors face loss from both sides. But an investor can definitely succeed from here if he buys and holds Bitcoin. But the process of buying is to buy according to the DCA method, and buy regularly and be ready to hold it for a long time, then only Bitcoin will be able to hold for a long time. If we follow these strategies in sequence then the investment will definitely be successful.