BTC surged out of blue, which means I have no long position for now. Waiting for pull back to moving average, or I just missed this trade. Knowing BTC still in a daily down trend, make me OK to skip one 4H up trend.
Comment:
Still patiently waiting for the price to touching or getting closer to moving average. Knowing BTC could hanging this range for days before another rush.
Comment:
4H up trend continues.
A nice entry is around 12EMA (about 2780).
Keep watching if price touches 12EMA again.
A nice entry is around 12EMA (about 2780).
Keep watching if price touches 12EMA again.
Comment:
Take my profit above 7400, and sitting on sideline to see where we are going.
Reason being:
1. I think majority of market is thinking: there is war about to happened, and Bitcoin is an hedge asset which only can go up. (!)
2. Follow 1, it's so close to resistance (blue line above), that this time, we definitely is going to break above it. (!)
One thing I learned from trading, watch out for too much confidence, and be conservative.
PS: about confidence in trading, see: www.amazon.com/.../ref=pd_ybh_a_2?_encoding=...
Take my profit above 7400, and sitting on sideline to see where we are going.
Reason being:
1. I think majority of market is thinking: there is war about to happened, and Bitcoin is an hedge asset which only can go up. (!)
2. Follow 1, it's so close to resistance (blue line above), that this time, we definitely is going to break above it. (!)
One thing I learned from trading, watch out for too much confidence, and be conservative.
PS: about confidence in trading, see: www.amazon.com/.../ref=pd_ybh_a_2?_encoding=...
Comment:
Bought another long position at 7580, took profit around 7970.
Now waiting to reload in 0.618 Fib Retracement: ~7740.
I'll long BTC until 4H trend changed.
Now waiting to reload in 0.618 Fib Retracement: ~7740.
I'll long BTC until 4H trend changed.
Comment:
7,740 long position filled, but took profit above 7,800, because I think BTC is under redistribution:
Will reload unless break above 8K.
![[BTC] Possible Redistribution.](https://s3.tradingview.com/6/6wYdWPfd_big.png)
Comment:
Took another long position at 8,080
Will take profit at 8,400 - 8,500
PS: I'll keep remind myself, don't confuse bull market with expert. I am no expert at all, just be fortunate enough to be in this prolonged 4H up trend.
Will take profit at 8,400 - 8,500
PS: I'll keep remind myself, don't confuse bull market with expert. I am no expert at all, just be fortunate enough to be in this prolonged 4H up trend.
Comment:
Watch out if 4H 12EMA is going to turn down in next 1 or 2 candle.
If true, I'll turn my position from long to short.
(again, the name of the game is to 'follow the trend', not to do 'active judgement', that's another game.)
If true, I'll turn my position from long to short.
(again, the name of the game is to 'follow the trend', not to do 'active judgement', that's another game.)
Trade closed: target reached:
Trend (4H 12EMA) bend down, trade closed.