binniebunny

My yesterday experiment with 4hr-timeframe

Short
BITSTAMP:BTCUSD   Bitcoin
Yesterday was a first brief breakout from the trend line. Using tf 4 hours + stochastic + macd to confirm the up trend, I went in for a short position.
I put $650(in and out),relying on TF 5 minutes and its parallel lines, called when stochastic shown an oversold+hit the lower line and put when the stochastic was about to be at an overbought + hit the upper line.

I also used fibo lines to guide me the timing to close all deals(I closed all when the third wave almost ended).
An original fund of $650 resulted in +$310 within 3hours.

This post is a non-financial advice post but a sharing of my personal experience alone. The market will be worse before it gets better. If you are not holding any bitcoin at the current market and do not expect to take a long position just yet, please really be careful and never hold overnight.

Feel free to share your ideas :)
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