BTC LONG POTENTIAL - BUILDING NOW

28 Nov 2020

Even with an 'air' of Bearishness in the air, Bitcoin will likely do the opposite and have a nice rally to the upside after its dead-cat bounce failure. Watching any potential sharp moves to the downside, we can start building short term positions to the upside using the TA. Using the long term trendline as support, we can use a dollar-cost averaging approach to build a nice position as structure here forms. Patience is key here. The other key is the green box price action dynamic and how the medium term TF looks around this area.

28 Nov 2020

Trade aktif

Now monitoring stop loss to break even level...(Small position entered around 17450 initially) Added and took some small profits, currently running at 17650. Stop loss moved to break even. If trade retraces we will look for re-entries.

28 Nov 2020

Trade aktif

Currently at the 50% level of retracement from the previous drop the other day, some profits were taken and looking to re-enter upon the break and retest of the 50% line up to the 61.8% line for the short term.

28 Nov 2020

Catatan

29 Nov 2020

Trading ditutup: target tercapai

Trade did move between the 50 & 61.8 level as anticipated. Trade hit final TP sell limits at $18240 on the nose while I was asleep. This target was simply the 61.8% level minutes 25pips to ensure execution. Will be monitoring moving forwards the 50/61.8 levels for downside continuation. however, a move up to 78.6% would prepare it for the final stages of retracement or move higher. Patience is key.

29 Nov 2020

Catatan

I did enter a small position around 18000 looking for some daily scalps, currently just closed out half of the position as its sitting at the 61.8% retracement level. If it passes this level I will likely double up on the retest of that area and look towards trading between 61.8% and 78.6%

30 Nov 2020

Catatan

Trades still running... We are currently at the 78.6% level, for a bearish retracement level. I feel this would be one of the last stops before a downside turn, even as I'm writing this, it is spiking past the level. So hopefully, we can see a push up to the 19350 level - (100%). The fib levels will act as support as they pass. I would use the 100% level to take some profits as I did just before the 78.6% level.

30 Nov 2020

Trading ditutup: target tercapai

So trades hit 100% level, currently stalling here... it just goes to show the amount (or little) selling pressure there is. Only at the 20k mark, there is decent selling pressure. once this has been exhausted then we should see the ATH reached fully and broken very quickly.