Disclaimer: If you are primarily interested in copying other people’s trades then this is not for you. However, if you are willing to put in the work that it takes to learn how to trade for yourself then you have found the right place! Nevertheless please be advised that you can give 10 people a profitable trading strategy and only 1-2 of them will be able to succeed long term. If you fall into the majority that tries and fails then I assume no responsibility for your losses. Please be advised that I trade on high leverage and am comfortable with the risks. If stop loss is outside liquidation price then I will add to margin or decrease leverage if position moves against me. What you do with your $ is your business, what I do with my $ is my business.
Click here for my Comprehensive Trading Strategy | Click here for my Comprehensive Trading Process | Click here to learn about the 2 BTC' to 20 BTC' Trading Challenge
Consensio: S MA > P > M MA > L MA | L MA turned bullish just like that
Patterns: Phase 7 hyperwave | Symmetrical triangle. Is the new play to assume it will be consolidating through the apex?
Horizontals: Support under $3,800 held strong.
Trendline: Symm triangle
Parabolic SAR: $4,180
BTCUSDSHORTS: Lower lows, lower highs. When squeeze?
Funding Rates: Longs receive 0.0078%
Futures Curve: Backwardation
TD’ Sequential: G2 was > G1 now it is equal.
Ichimoku Cloud: It all looks bullish to me (short term) accept for that thiiiick red cloud that keeps moving down.
Average Directional Index: Lowest the ADX has been since the beginning of October.
Price Action: 24h: +1.4% | 2w: -0.5% | 1m: +2.1%
Bollinger Bands: Squeezing
Relative Strength Index: In its own triangle and back above 50
Stochastic Oscillator: %K diverging from %D after trying to make a bullish cross
Summary: Welp, absolutely nothing has happened with the price of Bitcoin and I am viewing that as bullish. If support failed to hold up then I was thinking we were on the verge of a big move down. Support did hold and now most things are looking bullish.
Most things except for the Ichimoku Cloud and that is why I love checking it. Without it I would be expecting a bounce to $5,000+ and be looking to take out a medium - large position. With it I took a gulp about the small position I hold.
Furthermore everyone is turning bullish again from what I can tell seeing this as a inverse h&s. I left my stop losses where they are and now I no longer inclined to add to my BTC’ long.
There will be no update in the Trading Challenge today. That is because I had a 2 hour conversation with the man himself, Tyler Jenks, this afternoon. Speaking direction with a living legend has put me on cloud 9.
Furthermore I ended up missing the daily close in the traditional markets and therefore missing all of the signals that occurred. There were a lot of them and I am not starting off on a good foot at all; -0.7 BTC in unrealized profit.
Since I missed todays close I will plan to take all Forex signals when markets re open Sunday evening (in US). I won't be capitalizing on all of that loss but will be on 15% - 20%. Lack of gaps is one of the reasons I like to trade FOREX, indicies and commodities opposed to individual stocks. Therefore I should expect to get roughly the same price as I would have at today's close, but I'm not as confident as usual about that due to the volatility we have seen lately.
I was afraid I might dig myself in a deep hole when I started with so much action on day 1 and it's looking like will happen. However things can turn around just as quickly. Nevertheless it is okay because I have decided that if I do then it will just mean I get the opportunity to teach the followers of this blog a very valuable lesson in perseverance.
Happy Friday everyone!
Click here for my Comprehensive Trading Strategy | Click here for my Comprehensive Trading Process | Click here to learn about the 2 BTC' to 20 BTC' Trading Challenge
Consensio: S MA > P > M MA > L MA | L MA turned bullish just like that
Patterns: Phase 7 hyperwave | Symmetrical triangle. Is the new play to assume it will be consolidating through the apex?
Horizontals: Support under $3,800 held strong.
Trendline: Symm triangle
Parabolic SAR: $4,180
BTCUSDSHORTS: Lower lows, lower highs. When squeeze?
Funding Rates: Longs receive 0.0078%
Futures Curve: Backwardation
TD’ Sequential: G2 was > G1 now it is equal.
Ichimoku Cloud: It all looks bullish to me (short term) accept for that thiiiick red cloud that keeps moving down.
Average Directional Index: Lowest the ADX has been since the beginning of October.
Price Action: 24h: +1.4% | 2w: -0.5% | 1m: +2.1%
Bollinger Bands: Squeezing
Relative Strength Index: In its own triangle and back above 50
Stochastic Oscillator: %K diverging from %D after trying to make a bullish cross
Summary: Welp, absolutely nothing has happened with the price of Bitcoin and I am viewing that as bullish. If support failed to hold up then I was thinking we were on the verge of a big move down. Support did hold and now most things are looking bullish.
Most things except for the Ichimoku Cloud and that is why I love checking it. Without it I would be expecting a bounce to $5,000+ and be looking to take out a medium - large position. With it I took a gulp about the small position I hold.
Furthermore everyone is turning bullish again from what I can tell seeing this as a inverse h&s. I left my stop losses where they are and now I no longer inclined to add to my BTC’ long.
There will be no update in the Trading Challenge today. That is because I had a 2 hour conversation with the man himself, Tyler Jenks, this afternoon. Speaking direction with a living legend has put me on cloud 9.
Furthermore I ended up missing the daily close in the traditional markets and therefore missing all of the signals that occurred. There were a lot of them and I am not starting off on a good foot at all; -0.7 BTC in unrealized profit.
Since I missed todays close I will plan to take all Forex signals when markets re open Sunday evening (in US). I won't be capitalizing on all of that loss but will be on 15% - 20%. Lack of gaps is one of the reasons I like to trade FOREX, indicies and commodities opposed to individual stocks. Therefore I should expect to get roughly the same price as I would have at today's close, but I'm not as confident as usual about that due to the volatility we have seen lately.
I was afraid I might dig myself in a deep hole when I started with so much action on day 1 and it's looking like will happen. However things can turn around just as quickly. Nevertheless it is okay because I have decided that if I do then it will just mean I get the opportunity to teach the followers of this blog a very valuable lesson in perseverance.
Happy Friday everyone!
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