Scalping BTCDOWNUSDT

2021年6月29日

This is a pretty reliable day trading product. The Binance Leveraged Token (BLVT) for taking a short position on Bitcoin is slick, in that the leverage varies to maximize gains and minimize losses. Given the variable correlation to BTC price action and volume, since it's not a direct 1:1, the charting of it feels slightly more reliable. I personally would rather trade this than straight up BTC long / short.

As BTC is looking to head upwards of possibly even 42.5K, it might make sense to DCA in. I'm overall bearish on BTC given a weekly H&S top but I like these interim rallies to build short positions with BTCDOWN.

As always, not investment advice, and good luck!

2021年6月29日

交易進行

BTC cleared trend and fib resistance, going higher which means BTCDOWN going lower to meet buy targets.

2021年6月30日

交易進行

Missed the bottom of the cycle AGAIN! and not by much. Dialing in the process here but watching it perform pretty much as expected is somewhat gratifying, if not profitable.

2021年6月30日

交易進行

inverse H&S here . . took a small position looking for roughly 10%

2021年6月30日

交易進行

Already closed this one. Neckline wasn't holding and got out early.

2021年7月10日

交易進行

These harmonics are SOLID AF!!

2021年7月11日

交易進行

Closed short at 33,375 on BTC :)

2021年7月11日

交易進行

Triangles!! and fakey's

2021年7月12日

交易進行

So the previous chart had me thinking we would get the classic BTC fakeout from what looked to be a bull pennant but the bearish Gartley had way more bearing and I'd overlooked it's significance in Bitcoin trade patterns. Here's an update as Bitcoin has had a bit of a push up and into a price channel. Do we have more upside for Bitty? Kinda looks that way but you be the judge.

2021年7月13日

交易進行

Fakey achieved! I'm a dunsky though and closed my short (couldn't stay awake and don't have bots yet). Looks like we get a pull back from this upside bump, then more up while BTC heads to test the 30k before a rally up to 39k