I currently have the largest position in my portfolio in Bitcoin. I have split my total holdings into 2. One part is my trading position and the second is my trending position. As I think Bitcoin could've found the bottom at $9000, this is the base of my trending position. I entered my trading position at around $10500.
We are approaching the black resistance line as I type.
If we break this, I think we will be heading towards green resistance line a). Here I will sell part of my trading position to take profits off the table. If we break past this, I will look to add on again. I will do the same at resistance line b).
If we do not break this line then I will take off part of my trading position and look for support at support line c) to add on back on. If we break this then I will take off my trading position completely. I will look to start another trading position and add on to my trending position at around $7500.
We are approaching the black resistance line as I type.
If we break this, I think we will be heading towards green resistance line a). Here I will sell part of my trading position to take profits off the table. If we break past this, I will look to add on again. I will do the same at resistance line b).
If we do not break this line then I will take off part of my trading position and look for support at support line c) to add on back on. If we break this then I will take off my trading position completely. I will look to start another trading position and add on to my trending position at around $7500.
