100 trades crypto series
Starting date: 9/August/2021
Day 4
Starting capital: $500
Capital at present: $583
Trade nr. 11
(all trading ideas in the series with comentary and outcome can be found on my profile)
As bitcoin sentiment turned a little bit to the bearish side all my today's trades were SHORT.
Also I was luck enough to catch the BTC market cap dominance rising in a short term which was also a good indicator that alts will bleed.
BEARISH VIEW:
-Tight bear channel
-mega rally of this coin made me believe that bigger correction is in tact.
BULLISH VIEW:
-75% of bear channels will eventually break upside, which we can see later in the in this downtrend.
However after such a strong leg down, at least double top can be expected
Starting date: 9/August/2021
Day 4
Starting capital: $500
Capital at present: $583
Trade nr. 11
(all trading ideas in the series with comentary and outcome can be found on my profile)
As bitcoin sentiment turned a little bit to the bearish side all my today's trades were SHORT.
Also I was luck enough to catch the BTC market cap dominance rising in a short term which was also a good indicator that alts will bleed.
BEARISH VIEW:
-Tight bear channel
-mega rally of this coin made me believe that bigger correction is in tact.
BULLISH VIEW:
-75% of bear channels will eventually break upside, which we can see later in the in this downtrend.
However after such a strong leg down, at least double top can be expected
Trade closed: target reached