dsgorthy

Bitcoin (BTC) MA Death/Golden Cross Analysis (Part 5) ---> +6.5%

Long
dsgorthy Updated   
CEXIO:BTCUSD   None
We crossed the MA a couple of days ago and I bought in at $8.3k. I'm publishing this new thread to track my long position, because the MA has crossed the buy-in, meaning that we're guaranteed to profit. Check out my previous ideas to see the first segment, but we've closed out the second segment and are beginning our first.

Segment 2
  • 03/11/2018 - BUY $9,750
  • 03/14/2018 - SELL $9,100
  • 03/18/2018 - BUY $8,300
  • Beginning ($): $11,400
  • Ending ($): $10,650
  • Beginning (BTC): 1.17
  • Ending (BTC): 1.28

Segment 3
  • 03/18/2018 - BUY $8,300
  • TBD - SELL TBD
  • TBD - BUY TBD
  • Beginning ($): $10,650
  • Ending ($): TBD
  • Beginning (BTC): 1.28
  • Ending (BTC): TBD

Segment 2 shows that more every trade will win, on both sides that is. It did win in terms of BTC. Since I'm bullish about BTC long-term, that's fine by me. I'm seeing a lot of posts about BTC heading down, but I'll continue to trade on my strategy. I don't really care whether it goes up and down, I'm looking to profit off of the waves. Stay tuned for updates, hopefully we see some upward movements!
Comment:
We're seeing around $1k separation between the MA and the current price, that's a pretty healthy sign! I'm seeing calls for a bull flag forming, let's hope this run continues!
Comment:
Our MA is now $400 above the buy-in, meaning we're locking in a decent amount of profit. We're seeing a good amount of separation between the price and the MA.
Comment:
After a very steep decline, we crossed the MA earlier today and I'm out at $8.7k, locking in profit here. I'll post a short tracking article once the MA crosses this mark.
Trade closed: stop reached
Comment:
Closing out this thread and starting a new one, out MA has crossed the sell line.
Comment:
Click on the below chart for the short-tracking of this segment!
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