crypto_poet

Sniping BTC - Short/Long/Short STRATEGY, Simple trading plan

Long
BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Simple strategy:
1. Assume you are wrong.
2. Remember - we are in a bear market.
3. Reversed head and shoulders pattern is forming on 4H indicating a possible temporary trend reversal.
4. According to strategy, there is a possibility of a positive pattern recognition if 3600 levels are not tested.
5. Invest 1% of capital on 5x leverage at $3668.9 (enter trade)
6. Set up a stop-loss at 3600.
7. If stop-loss is reached, do not enter the market until any of the top/bottom levels mentioned in this analysis is reached.
7. Take 50 % profits at T2 ($4364.7)
8. Move stop-loss to $3944.7
9. Exit trade at $5247.8
10. Move 30% of profits to hardware wallet, pay out 30% of profits to a bank account, re-invest remaining 40% of profits in the future.

This is not financial advice - I'm simply looking for my own mistakes. Let's collaborate & make it work ...together.
Trade active: T1 hit succesfull.

Trade active: Nice bounce, mental note :

Trade active: Danger zone - stop loss @3847.3

Trade active:
Trade closed: stop reached:

Comments

in bitfinex, stop lost 3600 this time still okay. but bitmex @@
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a problem with stoploss @@
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crypto_poet jaychouvn
@jaychouvn, Thanks for input - how would you set up stop loss on bitmex ?
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I observed it First!! 1st to see it!! Agree!.. have observed the pattern since Dec. 17th :)

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crypto_poet CryptoFido
@CryptoFido, Well done - I'm sure we all were watching it :)
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