mfilippi

My long position strategy

Long
mfilippi Updated   
BITSTAMP:BTCUSD   Bitcoin
Ok we had the ATH and we are all happy for that but remember to not be too greedy.
Crypto is very volatile, you are on positive balance and after some days see only red numbers.
So for help you for hold breath underwater i write the optimal buy entries for newbie trader or holder.
Of course if we will have another ATH the fibo retracement need to be adjust.

That my strategy and is very conservative, don’t use hight leverage for trading big amount of money,
Max 3x, if use 5x or more you need to add more level for avoid liquidation

L1 10% $57400
L2 20%. $ 53600
L3 50%. $43100
L4 75% $35700
L5 100% $28300
L6 ALLIN $18800

Target
Fibonacci Exention
1.61 - $67500
2.618 - $91599

Cup and Handle target
around $75k


Remember to check Mvrv -z score
negative to 0 strong buy the dip
major of 7 prepare to sell or close long position


Major Fibonacci Retracement
0.786 - $53550
0.618 - $43050
0.5 - $35700
0.382 - $28300
0.23 - $18800

MA 200 weekly closure around 16400$

Fibo 1
0.786 - $58800
0.65 - 0.618 golden pocket $53600- $53000
0.5 - $47850
0.382 - $43275
0.23 - $37435

Fibo 2

0.786 - $61150
0.65 - 0.618 golden pocket $57400 - $56550
0.5 - $53300
0.382 - $50100
0.23 - $45900

Trade closed: target reached:

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