electo
Long

Hello Bulls. How have you been? Lets see if we can revive you.

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
As always .... not much to put in here, also have no time to do it. Just putting this chart out there since I think we approach the bottom of the multi year bear. I hope you all made it through, here is to the bull run that shall ensue in the next few months.

Last chart said we hit 6k. We hit 6k. This chart says we bottom at 6k, i hope we bottom at 6k.
Comment: Getting there. Alts already bottoming out.
Comment: Hitting play on this is already fun. Bounced off the first strong support.
Trade closed: target reached: Resistance now
Trade active: Looking for some pullback and then reversal of pullback to ride this to 9600 at least.
Trade closed: target reached: This is good enough for now. Probably a cool off period here. Any further longs can only be considered when 9600 is breached.
Trade closed manually: No longer in any longs. Flipped short at 10,200. Needs to break back above it to be considered bullish now. Dropping OI indicates trend reversal.
Comment: Just to be clear. I do not actually trade, just paper trading. However my paper trading says take 25% off the profits for the short here. I do suspect this will go much lower after a releif bounce.
Comment: Closing short here. Could go to 7200. No time to stick around and wait for it. Releif bounces at strong fundamentals can be brutal to stop losses.

Comments

This will be a fun chart to look at and press play on after a few months. Probably April.
+1 Reply
What do the small fat green arrows represent?
Reply
electo olzbot
@olzbot, bounce area #1. Hit play. Makes more sense then.
Reply
electo olzbot
@olzbot, Sorry - i misread. The small fat green arrows are just for myself. It shows when Open interest decreased rapidly.
+1 Reply
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