This is a quick update on my long term positions.
In my previous update (here) I told you I bought some long term positions between $5,000 - $5,500 and that I was going to take profits at around $6,800 so that I can free up some of my capitals.
Above chart shows how my positions were entered (spread across $5,000 - $5,500). Being the consolidation was too short, and the price is now hitting resistance, I have decided to take those positions that I entered @ $5,000 & $5,100 off the table now @ $6,250 (20% gain)
For the remaining positions (opened between $5,200 - $5,500), I will still take profits at around $6,800.
For swing traders and day traders, the current trend is still bearish, $7,400 - $7,500 is a good price to short.
If you would like to know more, make sure you check my signature section below.
Past analysis (click & play):
Bitcoin, perfect call (300% profits)
Entered $8450, sold around $9,800 (16% profits)
Bitcoin, bought between $6.8k - $7.3k (40% profits)
Perfect call on $12k weekly resistance
Bitcoin dropped from 12k to 7k as expected (40% fall)
Bitcoin dropped to $3.5k as expected (40% fall)
Bitcoin, bought $6220 target $8480 (36% profits)
Perfect re-bought target
Education posts:
2618 trade
Top-down analysis
How I draw the trendline
In my previous update (here) I told you I bought some long term positions between $5,000 - $5,500 and that I was going to take profits at around $6,800 so that I can free up some of my capitals.
Above chart shows how my positions were entered (spread across $5,000 - $5,500). Being the consolidation was too short, and the price is now hitting resistance, I have decided to take those positions that I entered @ $5,000 & $5,100 off the table now @ $6,250 (20% gain)
For the remaining positions (opened between $5,200 - $5,500), I will still take profits at around $6,800.
For swing traders and day traders, the current trend is still bearish, $7,400 - $7,500 is a good price to short.
If you would like to know more, make sure you check my signature section below.
Past analysis (click & play):
Bitcoin, perfect call (300% profits)
Entered $8450, sold around $9,800 (16% profits)
Bitcoin, bought between $6.8k - $7.3k (40% profits)
Perfect call on $12k weekly resistance
Bitcoin dropped from 12k to 7k as expected (40% fall)
Bitcoin dropped to $3.5k as expected (40% fall)
Bitcoin, bought $6220 target $8480 (36% profits)
Perfect re-bought target
Education posts:
2618 trade
Top-down analysis
How I draw the trendline
Trade closed: target reached:
