On our last post (PT II) we mentioned we like BTC at this level for a trade but there were some risks we needed to be aware of.
One was our red line @ $9600. Well, guess what? Over night we broke below that . Normally we would view that as a signal to tap the trade out and look to reset.
Call us crazy but ...
We bought more!! Hahaha
The breach wasn't that deep and we know how volatile BTC is so rather than panic and take our toys home, we dug in.
We own .0130000 of BTC bought at an average of $9750 for a total purchase price of $128.50 USD
We're stock and options traders. Bitcoin is a bold new world to us, like so many others. We feel we had some advantages due to our stock trading years of experience but we also realize in the world of crypto ... we are NOOBS with a capital N!
To have some fun we decided to start using Tradeingview.com and share our adventure. We are starting with about $100.00. YES, you read that right.
We are in Hawaii so it was difficult setting up an exchange. We ended up on Cryptopia. We funded the Cryptopia account buy buying $100.00 of BTC on localbitcoins.com.