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
Segment 9
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!
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!
