When I used to day trade and write posts about orderflow, footprint charts, etc., it was a very different market than it is right now.
It's interesting to see that even after all these years, these concepts remain very popular. A lot of people still think about them as the holy grail, but markets have changed so much since then.
I see so many charts posted here each day showing OI going up or some footprint absorption, claiming it will be an easy fade, while the market just continues to go in the same direction.
We came a long way from simply fading bitmex/bybit retards and getting away with it.
These days, crypto (bitcoin) is more fragmented than ever, with perpetual, CME futures, options on both native coins and ETFs, and so on. I think a lot of the edge is gone or has shrunk to micro timeframes.
I was always against longer-term trading, but it is becoming increasingly difficult to compete on lower timeframes, and I am very happy I was able to recognize this very early on.
If you want to focus on shorter term trades, lot of the stupid flow which was happening on BTC pre-2020 still exists in altcoins so if thats yout thing you better look there.
ticker entry TP SL leverage?


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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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