Potential Bitcoin Long (New strategy that I'm testing)

2020年8月21日

Hey everyone, finally publishing my first trade! As you can see I’m trying to keep the charts as clean as possible, clean charts = a clear mind. This is a new strategy that I’m testing. Please feel free to give me any feedback, I’d love to hear your opinions! I’m anticipating Bitcoin to pull back slightly to the $11380 region. I’ll start averaging into my long from $11480, I have no problem entering positions like this, I’m not trying to snipe it to the exact $ ;). From here I’m hoping to see a move up to the $12750 region and then potentially $13215. I’ll be closing out 75% at $12750 as $13215 is a bonus target. My stop loss is set at $11170. If this trade comes through we’re looking at a 12% move and a RR of nearly 7! (16% move and RR of 9 for the bonus target but I’m not banking on this.) For now I’ll sit back and let the market do its thing. I’ll keep you guys closely updated as the market starts moving. I’ll be more than happy to admit if this goes against me and I get stopped out immediately. I’m risking no more than 1% on this trade so I’m not concerned with what happens. That’s it for this one, I look forward to sharing more ideas with you soon!

2020年8月22日

交易進行

Quick update on this one. Our entry was hit to the T, it came through quicker than I expected it to. Currently floating in about 2% profit. Now it's time to just sit back and be patient, hopefully we'll see the move come through sometime next week. Will post the next update once we get some more movement in the market. Have a great weekend everyone!