This sketch summarizes my idea and is build upon all the info that I've been taking in he last couple of weeks. Unless the downwards channel is broken, I'll be focusing on this sketch.
Comment:
Buy on 6900, sell above 8300, buy around 5400
Comment:
(Which I could have drawn it on a 2 or a 4 days chart...)
Trade active:
Got into USDT at 9000, on basis of daily MACD crossing. Bought back into BTC at 6900, but don't see a reversal coming, any time soon. Went back into USDT at 7200 and aiming for 6400, to buy BTC again, with a stop at 7450. I am trading 85% of my total holdings, following this strategy.
Trade active:
New stop at 6800
Comment:
(in BTC)
Trade active:
Raised stop to 7200
Comment:
Looking back on my trades - I made a mistake on the first trade of nov 27. Even if price would have dropped, It would have been better to put a stop under the head and shoulders pattern. This mistake resulted in an average entry of 7150.
Trade active:
If the green channel forms resistance I'm going to tighten up the stop, if it forms support I'll loosen it up.
Comment:
