ThinkingAntsOk

This is my plan to trade BTCUSD based on historical price data.

Long
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
This is my plan to trade BTCUSD based on historical price data.

Today I didn't have enough time to add all the pictures to explain my hypothesis better; however, the idea goes like this.

What happened every time the price was on a consolidation phase bigger than 150 days, and a new ATH happened?
I looked at the chart since I have data (2011), and my conclusion is that every time that was the case, we observed a correction that can have some of the following parameters:
-15% correction at least
-The price does not make a new ATH after six days

If any of those criteria are true, the consecutive movement when the price makes a new fresh ATH is the beginning of a new 200% bullish movement (as a minimum)
Of all the scenarios I tested only in one, I had a stop loss and then a re-entry with a positive result.

Please don't believe me; use the logarithmic chart to identify all these scenarios I have told you: 150 days consolidation + New ATH + 15% correction at least or 6 days consolidation.

Thanks for reading; I hope this may be useful for you guys. This is the exact way I will be trading if the filter happens, I will be risking 2% of my capital. My target for this trade will be 190.000. It's hilarious to write that number, but hey, we are in the crypto world; nothing makes sense here, so the statistics are showing me that, and I will follow it, AS ALWAYS!


Please feel free to add ANY idea or thought in the comments! Thanks
Trade active:
The setup is active according to the filters we established before.
Trade closed: stop reached: -3%
Comment: Comment: As I wrote before in the original post:

"Of all the scenarios I tested only in one, I had a stop loss and then a re-entry with a positive result."

I'm waiting for a re-entry according to the plan, the parameters are the same as the previous setup. Same risk (3% on the stop loss)


If you want to become a consistent and profitable Swing Trader and achieve 40%+ returns, in the same way, we do it.
Send me a DM on telegram "Swing Trading" https://t.me/thinkingants and let see if you would be a good fit for our program