Hello!! and welcome to my first technical analysis as a trader
Hello,
My name is Jorge and I am from Mexico, i've been trading for 2 years crypto and a bit of forex. I've learned the hard way: liquidations, sentiments, no SL, but this also has accelerated my learning and helped me to understand the virtues of a successful trader. I want to share my technical analysis with you because i love it, and i think that market psychology can be understood by mathematics, but not only talking about the market psychology, but everything in life: you, me, and the universe.
So after getting excited a bit too much i want to share with you my first technical anallysis on Bitcoin :
We can see that bitcoin is having it's first correction to .236, with a big red candle, with lower buys, and probably it will continue it's path until it reaches .618 fib level. Then we can continue with the parabolic growth, reaching a new maximum.
This sort of corrections can be seen on 2017, where bitcoin usually corrects to .618 , continuing it's parabolic growth.
LEt me know what you think!
XBTUSD.P
My name is Jorge and I am from Mexico, i've been trading for 2 years crypto and a bit of forex. I've learned the hard way: liquidations, sentiments, no SL, but this also has accelerated my learning and helped me to understand the virtues of a successful trader. I want to share my technical analysis with you because i love it, and i think that market psychology can be understood by mathematics, but not only talking about the market psychology, but everything in life: you, me, and the universe.
So after getting excited a bit too much i want to share with you my first technical anallysis on Bitcoin :
We can see that bitcoin is having it's first correction to .236, with a big red candle, with lower buys, and probably it will continue it's path until it reaches .618 fib level. Then we can continue with the parabolic growth, reaching a new maximum.
This sort of corrections can be seen on 2017, where bitcoin usually corrects to .618 , continuing it's parabolic growth.
LEt me know what you think!
XBTUSD.P
Comment:
So far getting the bounce i expected, but in .786 level instead of 6.18 level. Waiting for bounce back to start short trading.
Trade active:
Entered in short at 35000, put your seatbelts on!
Trade closed: stop reached:
My stop was reached, bull sentiment is still high, i am waitingfor a second opportunity
Comment:
Looking for another trade today on short, around 32k
Trade active:
Short opened arond 32k level, so far going good!!, targeting area ~28k
Trade closed: stop reached:
despite being 92% in profit, my TP wasn't reached and i got stopped out :(, at the moment market looks bull, another analysis to come