Bitcoin back to 100k by EOW
Am currently waiting for bitcoin longs. I think its quite probable that the market will return to 100k area by the end of the week.
On the chart I used the path tool along with risk to reward tool to highlight potential price movements and entry areas.
I'll update in the comments when am entering.
On the chart I used the path tool along with risk to reward tool to highlight potential price movements and entry areas.
I'll update in the comments when am entering.
Uwaga
In the mean while took a scalp short. Seems we breaking down lower to 90500 area. Monitoring closely though, I might exit and wait a bit for correction back to 92800 area if I see market looking like its pullback as its a bit low right now
Uwaga
Updated take profit on the scalp short
Uwaga
Repositioned short. Early short price went in my favor for a but was late to the move and didn't get out in time.
Uwaga
That last attempt at short also didn't work out. But caught an impulse long this morning. Waiting for a bit of correction to scale back in- That would be the big long trade entry for 100k area by weekend
Uwaga
Scaled into long position
Uwaga
Scaled into the position a bit more
Uwaga
This is a more accurate representation. Extended my stop a bit to 94650
Uwaga
Just scaled into bitcoin a little bit more
Uwaga
Closed 70% of bitcoin long position
Uwaga
Scaled into bitcoin long
Uwaga
Scaled into bitcoin long a little bit more.
New avg entry: $96830
Stop: $96195
4-5RR
70% tp at $99500
15% tp at $100000
Uwaga
Extended my stop a bit to 96000. Don't think I need that much its just to avoid a wick spike. If a wick spike does happen and market still looks like it wants to fall lower I'll probably exit before then.
Uwaga
Adjusted stop from $96000 to $95950 Uwaga
Got stopped out. Just repositioned long
Uwaga
Scaled into bitcoin long a bit
Uwaga
Closed at a loss. Made a mistake
Uwaga
Re-entered long just a while ago
Uwaga
Took 25% profit
Uwaga
Clsoed long
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