Bitcoin: First Buy Signal 4H & 8H

3 Jul

Timeframe: 4H to 8H to avoid false signals

Target Zones:
First Target: $58,000 - $59,500
Second Target: $55,000 - $56,500

Rationale:
-I took substantial profits on my long-term position between $69,000 and $72,000. I'm starting to look for areas to reposition my funds.
-I expect Bitcoin to then reach the second target of $55,000 - $56,500 range.
-ETF flows will also be monitored closely for additional insights.
-Hash ribbons will also be monitored closely for additional insights.

With a bit of luck, I'll manage to wait for the $55,000 zone. I'd like to make it clear that I'll always have funds available if Bitcoin were to sink back below $50,000, $40,000, or even $30,000, the important thing being risk management.


Trade Carefully!

4 Jul

Trade aktif

First spot buy made between $59,500 and $57,500. Now waiting for a break below the May 1st low around $56,600.

14 Jul

Trade aktif

First take profit around 60,000$ for 5.5% gain.
Sale of 50% of my position at an average purchase price of 56,700$.

16 Jul

Trading ditutup: target tercapai

Second take profit at $64,000 for a gain of 12.5%.
Selling the remaining 50% of my position.
Total gain: 9%.