Bitcoin Supported by Trendline on the short time frame

3 Apr 2020

The price is being supported by this trendline. Once I noticed, I took three scalps and will long again if we revisit. Interestingly, scalping with moderate leverage erases the pain over holding a swing trade and is better risk management IMO. Waiting to see the reaction once we revisit again.

3 Apr 2020

Nota

Scalp idea:
Entry: 7013-7023
TP: 6871, 6844
SL: 7076

3 Apr 2020

Nota

I'm in. Textbook entry. I spotted a rising wedge and posted the trade. Now all we need to see is the current candle and the next candle confirm out the wedge and we are game. I will update.

3 Apr 2020

Nota

Might go as high as 7093 plus $10, $20 for hunting so I'm raising stops here.

3 Apr 2020

Nota

There we have it. The Red dildo. Stops to entry for a free trade.

3 Apr 2020

Nota

Half position already closed at target 1 and its only been like 40 minutes

3 Apr 2020

Nota

Stops raised to 6988. Base price now at 7165. I'm chilling now.

3 Apr 2020

Dagangan ditutup secara manual

Fully closed for 3.66%. A scalp is 1-3% so call this a gift from god. (18:57)

3 Apr 2020

Nota

It hit the trend line again. So I am long from 6838.

3 Apr 2020

Nota

Now average entry at 6853.3. Stop at 6738. Good luck to me because no one is really reading this.

3 Apr 2020

Nota

Close below the trend line. Me scared. This 15 minute candle defines it for me

3 Apr 2020

Nota

added on full risk at 6777. Average entry now at 6815. Stop remains same. Its getting scary now

4 Apr 2020

Nota

REKT at 6738

4 Apr 2020

Nota

From next time onward I will not enter two trades in one idea. So we had a profitable trade and an unprofitable one. Honestly, I became greedy after the win so I deserve this. Lost more than I won and position management is key. Lesson learnt.