Bitcoin Guru
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Reason for trade: BTC is at daily resistance, very good R/R taking a short here, we've seen some good upside with very little pull back recently. Keeping the stop loss tight for invalidation
Stopped out on the BTC trade, still think a pull back is valid but will sit on the side-lines for now. We've had wins of 9% & 4%, and 1 loss of 2% so far 👍🏻
BTC update, we have been grinding higher over the last 24 hours, BTC looks like it wants to break through $25,250 and liquidate a load of shorts, if we break this range looking for a good push towards $27,000. As long as we hold the diagonal trend line (purple) I'm remaining bullish, lose it and we could come back to test the weekly open @ $24,270
Its all about BTC today, not even looking at any alternative coins, expecting a considerable move in either direction. National holiday in US yesterday so should be an impulsive move on US stocks open (14:30 uk time)
High Risk Margin
BTC/USDT
Entry Zone:
DCA in this zone: $24,577-$24,440
Take profit:
Low Risk: $24,840
Medium Risk: $25,250
High Risk: $26,500
Stop Loss: $24,070
Manage leverage and risk
Limit got filled and bounced almost to TP1, bit of a rejection from that area so moved SL to break even now to protect capital
BTC update, after we rejected $25,200 again we saw a considerable sell off which rekd bulls, $23,500 is holding as support for now but the longer we hang around here the weaker it gets, need to see an upwards move soon otherwise $22,600 is likely. OP/USDT is looking super strong today and ill be looking to take a trade if we get a nice pull back
High Risk Margin
OP/USDT
Entry Zone:
DCA in this zone: $3.006-$2.978
Take profit:
Low Risk: $3.06
Medium Risk: $3.112
High Risk: $3.177
Moon bag: 3.60
Stop Loss: $2.946
Manage leverage and risk
Reason for trade: looking for a pull back to this area of demand which is also the 50% fib retracement zone. S/L placed just below the closest swing low at 2% risk, this is a really good R/R trade if we can get the entry
Perfect bounce off entry and TP1 hit with absolute ease
TP2 and TP 3 both hit 👊 TP3 giving us an 18% return
🔥1👏1
Will start doing an end of week summary every Friday, this week only saw us enter 1 trade which returned a really healthy 18%, our £100-£500 challenge currently sits @ £131 👊🏻
High Risk Margin
BTC/USDT
Entry Zone:
DCA in this zone: $22,630-$22,360
Take profit:
Low Risk: $22,930
Medium Risk: $23,340
High Risk: $23,600
Stop Loss: $22,210
Manage leverage and risk, personally I never use anything more than 3x leverage
cancelled above limit orders for now
High Risk Margin
BTC/USDT
Entry Zone:
DCA in this zone: $23,450-$23,330
Take profit:
Low Risk: $23,640
Medium Risk: $23,800
High Risk: $24,000
Stop Loss: $23,200
Manage leverage and risk, personally I never use anything more than 3x leverage
All 3 limits taken in 1 swift candle which has swept the lows, we need to see a pretty quick bounce here otherwise our S/L will be in danger
Stop loss moved to break even after price has grinded up overnight, risk free play 👊🏻
Stopped out at break even, we got close to TP1 but just missed out
Have been experimenting with some different methods today to predict potential future price movements, will leave this here, come back to it end of the week and see how accurate/inaccurate it is
we got the initial pull back we wanted, and price currently consolidating in the area we expected, playing out nicely so far. Will be setting some buy orders in the "buy area" if price starts to look weak 👊🏻👊🏻
followed our projection pretty well so far, price hasn't dipped as low as we wanted yet, still hoping for an opportunity to get into a trade at the red line. But pretty impressed with how well this has mapped out so far