Bitcoin Trade Plan |O.o| 9-Nov-19 for BITMEX:XBTUSD.P by OrigamiOracle

Trade 1:
Side: Short
Entry: 9008.0
Strop Loss: 9085.0
Target: 8431.0
RR(BTC): 6.76
RR(USD): 7.49

Trade 2:
Side: Long
Entry: 8431.0
Strop Loss: 8278.0
Target: 9209.0
RR(BTC): 4.17
RR(USD): 5.08

Trade 3:
Side: Short
Entry: 9209.0
Strop Loss: 9378.0
Target: 7721.0
RR(BTC): 9.83
RR(USD): 8.80

The current state of all November trades can be found in the following spreadsheet:

This Post will be updated any time a trade is added/cancelled/changed/opened/closed within this trade plan.

|O.o|

Trade active:

Trade 4 Added (Open):

Trade 4:
Side: Long
Entry: 8781.0
Strop Loss: 8722.0
Target: 8989.0
RR(BTC): 2.65
RR(USD): 3.53

Comment:

Trades 1, 2 and 4 updated Updated:

Trade 1:
Side: Short
Entry: 9109.0
Strop Loss: 9181.0
Target: 8421.0
RR(BTC): 8.74
RR(USD): 9.56

Trade 2:
Side: Long
Entry: 8311.0
Strop Loss: 8139.0
Target: 8918.0
RR(BTC): 2.97
RR(USD): 3.53

Trade 4:
Side: Long
Entry: 8782.0
Strop Loss: 8722.0
Target: 9069.0
RR(BTC): 3.68
RR(USD): 4.78

Comment:

I was overthinking the entire forecast, as I have often done in the past. Here is the simplified outlook and trade plan:

Trades 1 and 3 changed, Trade 2 Cancelled:

Trade 1:
Side: Short
Entry: 9167.0
Strop Loss: 9352.0
Target: 7721.0
RR(BTC): 8.78
RR(USD): 7.82

Trade 3:
Side: Short
Entry: 9167.0
Strop Loss: 9352.0
Target: 4301.0
RR(BTC): 53.27
RR(USD): 26.30

Comment:

Trades 1, 3, and 4 updated:

Trade 1:
Side: Short
Entry: 9294.0
Strop Loss: 9426.0
Target: 7801.0
RR(BTC): 12.33
RR(USD): 11.31

Trade 3:
Side: Short
Entry: 9294.0
Strop Loss: 9426.0
Target: 4301.0
RR(BTC): 75.23
RR(USD): 37.83

Trade 4:
Side: Long
Entry: 8782.0
Strop Loss: 8722.0
Target: 9189.0
RR(BTC): 5.22
RR(USD): 6.78

Trade closed: target reached:

Trade 4 closed, Target Reached

Comment:

Trades 1 and 3 changed, Trade 5 Added:

Trade 1:
Side: Short
Entry: 9343.0
Strop Loss: 9471.0
Target: 7801.0
RR(BTC): 13.15
RR(USD): 12.05

Trade 3:
Side: Short
Entry: 9294.0
Strop Loss: 9631.0
Target: 4301.0
RR(BTC): 31.85
RR(USD): 14.82

Trade 5:
Side: Long
Entry: 8851.0
Strop Loss: 8719.0
Target: 9294.0
RR(BTC): 2.80
RR(USD): 3.36

Comment:

Trade 6 Added:

Trade 6:
Side: Short
Entry: 9147.0
Strop Loss: 9201.0
Target: 8951.0
RR(BTC): 2.82
RR(USD):3.63

Comment:

Trade 6 Updated:

Trade 6:
Side: Short
Entry: 9159.0
Strop Loss: 9201.0
Target: 8926.0
RR(BTC): 4.13
RR(USD): 5.55

Comment:

Trade 5 Changed, Trade 6 Cancelled:

Trade 5:
Side: Long
Entry: 9001.0
Strop Loss: 8979.0
Target: 9294.0
RR(BTC): 7.81
RR(USD): 13.32

Comment:

Trade 5 Updated:

Side: Long
Entry: 8986.0
Strop Loss: 8979.0
Target: 9294.0
RR(BTC): 14.51
RR(USD): 44.00

Comment:

Trade 5 Updated:

Side: Long
Entry: 8986.0
Strop Loss: 8968.0
Target: 9294.0
RR(BTC): 9.29
RR(USD): 17.11

Comment:

Trade 5 Updated:

Side: Long
Entry: 8978.0
Strop Loss: 8959.0
Target: 9294.0
RR(BTC): 9.24
RR(USD): 16.63

Trade closed: target reached:

Trade 5 Closed, stop reached

Trade active:

Trade 7 Added (Open)

Trade 7:
Side: Long
Entry: 8934.0
Strop Loss: 8908.0
Target: 9294.0
RR(BTC): 8.63
RR(USD): 13.85

Trade closed: stop reached:

Trade 7 Stop Reached

Comment:

Trade 8 Added:

Trade 8:
Side: Long
Entry: 8821.0
Strop Loss: 8794.0
Target: 9294.0
RR(BTC): 11.32
RR(USD): 17.52

Comment:

Trade 8 Changed:

Trade 8:
Side: Long
Entry: 8771.0
Strop Loss: 8749.0
Target: 9294.0
RR(BTC): 14.37
RR(USD): 23.77

Trade closed: stop reached:

Trade 8 Stop Reached

Trade active:

Trade 9 Added (Open):

Trade 9:
Side: Long
Entry: 8753.0
Strop Loss: 8719.0
Target: 9294.0
RR(BTC): 10.59
RR(USD): 15.91

Comment:

Strong stop loss hunting, found support at lower third of long term bullish speed fan. Expecting strong rally, potentially higher than original targets. Heavy manipulation

Trade closed: stop reached:

Trade 9 Stop Reached

Comment:

Trade 10 Added:

Trade 10:
Side: Short
Entry: 8774.0
Strop Loss: 8811.0
Target: 8041.0
RR(BTC): 16.31
RR(USD): 19.81

Comment:

Trade 10 Changed:

Trade 10:
Side: Short
Entry: 8774.0
Strop Loss: 8834.0
Target: 8041.0
RR(BTC): 11.04
RR(USD): 12.22

Comment:

Trade 10 Updated:

Side: Short
Entry: 9046.0
Strop Loss: 9126.0
Target: 8037.0
RR(BTC): 12.23
RR(USD): 12.61

Comment:

Trade 11 Added:

Side: Long
Entry: 8708.0
Strop Loss: 8665.0
Target: 8988.0
RR(BTC): 4.58
RR(USD): 6.51

Trade active:

Trade 11 Open

Comment:

Trades 1 and 3 Cancelled, Trade 10 updated:

Trade 10:
Side: Short
Entry: 9074.0
Strop Loss: 9134.0
Target: 7721.0
RR(BTC): 21.97
RR(USD): 22.55

Comment:

Trade 11 closed at 8760 to allow reentry at 8673 (stop loss hunt appears likely)
Trade 12 Added:

Trade 12:
Side: Long
Entry: 8673.0
Strop Loss: 8629.0
Target: 8988.0
RR(BTC): 5.26
RR(USD): 7.16

Comment:

Trade 12 Updated:

Trade 12:
Side: Long
Entry: 8634.0
Strop Loss: 8568.0
Target: 8988.0
RR(BTC): 4.20
RR(USD): 5.36

Trade active:

Trade 13 Added:

Trade 13 (Open):
Side: Short
Entry: 8761.0
Strop Loss: 8789.0
Target: 8634.0
RR(BTC): 2.98
RR(USD): 4.54

Comment:

Trade closed: stop reached:

Trade 13 Stop Reached

Comment:

Trade 14 Added:

Trade 14:
Side: Short
Entry: 8847.0
Strop Loss: 8878.0
Target: 8634.0
RR(BTC): 4.82
RR(USD): 6.87

Comment:

Trade 14 cancelled, waiting on entry at trade 12

Trade closed: target reached:

Trade 11 Stop Reached

Trade active:

Trade 15 Added (Open):

Trade 15:
Side: Short
Entry: 8764.0
Strop Loss: 8791.0
Target: 8661.0
RR(BTC): 2.30
RR(USD): 3.81

Trade closed: stop reached:

**Correction to previous trade closed update. Trade 12 was closed at the stop.

Trade closed: stop reached:

Trade 15 Stop Reached

Comment:

Trade 16 and 17 Added:

Trade 16:
Side: Long
Entry: 8603.0
Strop Loss: 8568.0
Target: 8988.0
RR(BTC): 7.70
RR(USD): 11.00

Trade 17 (Open):
Side: Short
Entry: 8787.0
Strop Loss: 8804.0
Target: 8634.0
RR(BTC): 5.06
RR(USD): 9.00