This is an XBT Basis/Contango/Backwardation chart.
If you don't know what Basis, Contango and Backwardation means, please do a search with the search engine of your preference.
In the Top Pane
Blue line graph:
- This is the Basis expressed as how many percent the Perpetual Swap deviates from the Futures Contract.
- Below the (purple) Zero Line means the...
Since stop updating for too long
I decided to closed all my position coz price went down so hard(almost 1000 usd! that's rare!) to clear all my lower zone position.
This almost 2 months of carefully trade on low size it give me 88425 sat , total return around 3.8% (total cap 2281922 sat ).
compare to it's volatility , sooooo tinyyyy return.
why? i'm gonna review...
Sold my long when the bottom donchian broke @ 11,440. Currently sitting in cash and waiting for price to show me bullish price action. I will know when there is bullish price action when it breaks the top donchian sometime in the future. Dont fight the tide flow with it. Keep it simple. - Andres
BTC is good for people who put afford on it.
Look at the movement imagine if you have full day of monitoring and trading. My full time job is really busy. That's why i miss so many opportunity to growth.
I'm going to confess that this week i lost so many sat from stupid scalping and i admit that i let emotion beyond everything.
Almost lost all profit that I've...
Didn't monitor much again and in low zone i don't have much bullet to fired.
The blue circles are price setup that i'm looking for short.
After rain, This week btc look brighter than last week. There are bars that try to pulling down( around 500 usd long of that bar ) but can't pull price down below last low(9100 in spot).
look like they gonna push it up so i...
When btc went up from 9600 to above 10000. I have really high hope that will be another up trend. I just sat and watched for opportunity to short BUT I missed calculated the available bullets left!
Just realize at the i write this report that i have 17 usd left to short( from TP half of 10767).
So i didn't have any activity last week.
About this week, wait and...
I tried to gather swing(as you can see i set TP to 10% 14ATR D) but in my work day i can't monitor that much.
If you look at my journey i missed a lot of opportunity.
I scalp a little bit with my buffer from this trade.The profit are better than main trade but i can't control risk(This mean when things go wrong i put another position with high exposure to fix that...
Let's make plan and trade commitment.
There is so many bullets left and i'd like to trade in every price.
So i split graph into 4 blocks and use fibo tools to split range from 9025 - 20000 into 10(This is easy to see what zone are you in. It really useful to calculate exposure of your trade)
Orange line is my last short order on XBTU19 (see on Review myself trade...
I'm thinking of how many RISK should i take for this trade. 30 ? (This mean 30% of port)
If Long at this moment my position will liq. around at 5450 but I have 101,318 sat buffer from trade before. so i will take some (REAL) SL if price drop to 8500 ( From bitmex calculator if long at 10900 with 30 USD position. I'll lost 78,690 sat am i right? )