100 trades crypto series
Starting date: 9/August/2021
Day 4
Starting capital: $500
Capital at present: $583
Trade nr. 14
(all trading ideas in the series with commentary and outcome can be found on my profile)
As bitcoin sentiment turned a little bit to the bearish side all my today's trades were SHORT.
Also I was luck enough to catch the BTC market cap dominance rising in a short term which was also a good indicator that alts will bleed.
As I am looking now, it is probably the weakest trade I made, because of the many bullish points.
BEARISH VIEW:
-Mega strong selloff made me believe that we are going down.
-bear flag
BULLISH VIEW:
-Strong bull wicks at the bottom of the range
-Strong support zone (blue line) haven't been breached (only have by wicks)
-Might convert to a trading range instead of another leg down.
From the retrospect, the stop was incorrect, but i decided to extend my stop/loss manually and see what will happen (decided to risk some more money)
Better entry probably would be at the 50% retracement rejection.
Starting date: 9/August/2021
Day 4
Starting capital: $500
Capital at present: $583
Trade nr. 14
(all trading ideas in the series with commentary and outcome can be found on my profile)
As bitcoin sentiment turned a little bit to the bearish side all my today's trades were SHORT.
Also I was luck enough to catch the BTC market cap dominance rising in a short term which was also a good indicator that alts will bleed.
As I am looking now, it is probably the weakest trade I made, because of the many bullish points.
BEARISH VIEW:
-Mega strong selloff made me believe that we are going down.
-bear flag
BULLISH VIEW:
-Strong bull wicks at the bottom of the range
-Strong support zone (blue line) haven't been breached (only have by wicks)
-Might convert to a trading range instead of another leg down.
From the retrospect, the stop was incorrect, but i decided to extend my stop/loss manually and see what will happen (decided to risk some more money)
Better entry probably would be at the 50% retracement rejection.
Dagangan ditutup: sasaran tercapai
profit 21$
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.