BTC Daily Report 11/04/19

4 Nov 2019

Education Only;

Indicators on chart:
BB 100 Day 1.15, 0.55, 0.1 Stdevs (Blue)
BB 200 Day 1.15, 0.55, 0.1 Stdevs (Orange)
BB 200 4H 1.15 Stdev (Green)
BB 100 4H 1.15 Stdev (Red)

BTC Daily Report

Date/Time: Mon Nov 4, 2019; 11am
Balance/UPNL: XXXX, +XXXX (+0%), UPNL +XXXX (+13%)
Open Positions: XBTH20: +XXXX, Entry: 9339.5, Margin: 7%, Risk remaining: 4%

WEEK
S. Range: 8300 – 10700 / 9500
M. Range: 4300 – 11000 / 7700
CCI: Positive with Roll Up
WAVEPM: 0.49, 0.61, 0.48, 0.60
Upper: 11000
Lower: 7000
Trend: Neutral
Active MR: None

DAY
S. Range: 8100 – 9700 / 8900
M. Range: 8300 – 10900 / 9590
CCI: Neutral
WAVEPM: 0.87, 0.72, 0.71, 0.61
Upper: 10900
Lower: 8300
Trend: Neutral
Active MR: Down, 14 period, MA: 8900, Upper: 9700, WavePM: 0.87, lateral movement

4H
S. Range: 9170 – 9330 / 9250
M. Range: 7950 – 9550 / 8750
CCI: Positive
WAVEPM: 0.24, 0.28, 0.88, 0.72
Upper: 9550
Lower: 8000
Trend: Up on 200, Band: 9140, WavePM: 0.72
Active MR: Down, 100 period, MA: 8750, Upper: 9560, WavePM: 0.88

BUYS
1) 9135; 2) 9095 – 8925; 3) 8300

SELLS
1) 9570 – 9670; 2) 10900 - 11200

>>> NOTES
Strategy
Compression/Range

Mean Reversion
Both MR showing lateral movement so far, still needs significant time to compress

Technical Analysis
Key levels: 200 D MA (9090), 100 D MA (9570);
Forming Bullish Shelf or Bearish Bart with wedge between key levels;
Bullish break possible, but compression/range likely to continue for 1 – 4 weeks;
200 4H upper band leading a weak up-trend with WavePM: 0.72;

Fundamental Analysis
Neutral;
NVT with bullish cross but already flashing red. Parabolic up-trend still possible, but new network activity not keeping pace suggesting higher price a result of speculation/manipulation rather than growth from new interest/utility/adoption;

Notes On Open Positions
XBTH20: Some poor execution has resulted in excessive fees eating up available risk limit for the long BTC position. Closed out original position to get optimal long entry, but missed my buy order by 4$. Did manage to get the entry right after the miss, with a market order slightly higher than my original target. Decent entry price now. Sold 12.5% of position to recover some fees to increase risk limit of position back up to 4% of balance.

Take Profit
9570

New Executions
XBTH20, Market Sell, -XXXX, Fill Price: 9341.5, Closing final 25% of position;
XBTH20, Market Buy, +XXXX, Fill Price: 9339.5, Open new long position, Margin: 8%;
XBTH20, Limit Sell, -XXXX, Price: 9523, Selling 12.5% of position to boost risk limit;