Can we get a clean uptrend again?
The past few weeks have been filled with whipsaws. While annoying, they're just part of trading.
1) A big dump to under 30K, for a drop of ~25%+ from all time highs.
2) The market tried to rally again...
3) ...only to get rejected again. High timeframe volatility has been decreasing. However, the downtrend didn't last long.
4) The range expanded to the upside! We're trending up again and hope this time will be a good clean win.
Entry: immediate
Stop: $2K below entry
Target: when the trend changes
The stats listed are for 2020 to present and are for 1% risk.
1) A big dump to under 30K, for a drop of ~25%+ from all time highs.
2) The market tried to rally again...
3) ...only to get rejected again. High timeframe volatility has been decreasing. However, the downtrend didn't last long.
4) The range expanded to the upside! We're trending up again and hope this time will be a good clean win.
Entry: immediate
Stop: $2K below entry
Target: when the trend changes
The stats listed are for 2020 to present and are for 1% risk.
Comment:
The market often knows the news before it's hits the networks! Elon Musk changed his Twitter bio to say nothing but "Bitcoin", spiking it up 10%. Which we caught. So, it looks like there'll be enough of a trend for a profit!
Comment:
The large move up fully retraced and we're sitting at entry, waiting. Just waiting. Yawn.
Comment:
It has taken its sweet time, but we're in a +10% move so far. The market will move when it wants to move.
Comment:
+20%! Looking good!
Trade closed: target reached:
Closed for a +40% move!!!
