dsgorthy
Long

Bitcoin (BTC) MA Death/Golden Cross Analysis (Part 15) --> +42%

CEXIO:BTCUSD   Bitcoin / U.S. Dollar
And we're long again! We had a very nice short position here for a while, but BTC finally made a breakout above the MA! The stats for our last segment are:

Segment 8
  • 05/19/2018 - BUY $8,200
  • 05/22/2018 - SELL $8,300
  • 05/29/2018 - BUY $7,450
  • Beginning ($): $14,200
  • Ending ($): $14,200
  • Beginning ( BTC ): 1.71
  • Ending ( BTC ): 1.91

Segment 9
  • 05/29/2018 - BUY $7,450
  • TBD - SELL TBD
  • TBD - BUY TBD
  • Beginning ($): $14,200
  • Ending ($): TBD
  • Beginning ( BTC ): 1.91
  • Ending ( BTC ): TBD

We've almost doubled our BTC investment since we've started, and we're up 42% against USD! I know this isn't the moon shot that a lot of crypto investors look for, but these gains in traditional capital markets are insane! We've set our stop loss at $7.2k just in case BTC continues to fall. Otherwise, let's hope for a bull run here, because our gains against BTC will compound our USD gains!
Comment: We saw a slight bump and then a fall below the MA. Let's stick to our stop loss and see where the day takes us!
Comment: We've still above our buy-in but we're not seeing much movement in either direction. Stick to our stop loss and let's see where today takes us!
Comment: I'm not seeing many long positions on TradingView, so let's stick to the stop loss tightly!
Comment: We're roughly following the ascension line that I drew out, but we're not breaking out much above that. As of right now, we're still using our stop loss
Comment: We're now using the MA as the stop, we're seeing some gains against USD, but we're not seeing the large spikes we were hoping for.
Comment: We just saw a day of flat followed by a strong dip this 15m, look out for the price dropping like a rock under our MA here!
Trade closed: stop reached: We hit our sell at $7,650 last night, locking in some profit against USD on this leg! Short position to be posted in a few minutes.
Comment: I'm going to wait another day before posting the short position, we made a slight recovery and it's hard to tell if it'll pop back up or fall like we're looking for!
Comment: We saw a spike back up to our sell position just now, but we're showing overbought at the moment. Hold this short position until we see the RSI recover.
Comment: We've been right at our sell price here for a while, let's wait for the market to make up its mind here
Comment: I'm holding out for the next day, I'm not sure what's going on right now. We're seeing sideways movement which will drain gains from this strategy.
Comment: Track the short segment here!

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