3 scenarios for
1. (Up case) Up then Correction
- BTC can touch 40k (some technical shows that btc full reach for this wave is 48k, but I think it’s too stretch, especially now the approval window is behind us). After reaching this upper level, correction is due to happen
- BTC cycle also suggest that 28th Nov should be the peak for this current wave
2....
As said in last week newsletter, BTC is developing in scenario 2 as expected. At this moment, an up move is expected soon
For me, ETH and BNB are a high probability trades with break out seem to be likely (too bad mkt recovered in 24h after CZ news)
I’ll buy in December according to my DCA plan (25% before ETF news / 25% after ETH / 25% before halving /...
UPDATED SHORT ENTRY for 3.5 R/R
1/2 at 36.8
stop at +38 (active after Powell talk to avoid stop out by tails)
target remain as previous post 32.8 and 31+
Will watching for another 1/2 position
#4 Newsletter: Week 12.11.23 - 19.11.23
Updated Fibonacci level to recent top 3800
1. Signs of Bearish Divergence on RSI, MACD
2. $38k was the price when LUNA collapse so expected decent stop-loss, profit-taking here
Trade Ideas
1. Short above $37.5 at ½ size (no auto stop – we manage accordingly under $40)
2. Always target 0.382 or 0.5 Fibonacci level under...
• Updated Fibonacci level to recent top 35984
1. RSI Bear Divergence appeared on Daily time frame
2. MACD Bear Divergence also showed up on Daily time frame, currently print the first red hologram after about 20-days green. Compared to July-Aug price action, BTC may still test a higher range but a short above mid-35k is ideal
3. MACD Bear Divergence appeared....
1.Halving event has always triggered the bull run. The parabolic move happened about 2-3 months after the halving date
2. A more detailed look into halving phases can be found here in my friend Kinoko Halving Chart. Based on the price moment and the timeline, I believe that we are in Anticipation phase (6 months prior to the Halving date)
3.What different this...
Welcome to SteadyCompound 1st Newsletter,
A few notes about my approach to nowadays trading
- I am a retired trader (2008-2018). I day-traded high frequency time-frame across Stock (2008), Bond Futures (2010), Forex / Gold (2012), Commodity e.g. Brent, Gas (2015) and Crypto (2017)
- I turned start-up cofounder (2020) and recently gained financial freedom (2023),...
