Golb

Golb Updated 

Gave a clear outline of what I was looking for and it seems to be playing out. I wasn’t there when the second dip into the buy zone happed but we saw a push back above $33k which was expected, now I’m looking for price to return to $33k to pick up more orders and further confirm my bias. I’m already in a long on XRP so it’s okay if I don’t catch the bottom on BTC.

Golb

Narrow missed my stop but the entry is still valid. Not the prettiest of my entries but I’m looking for upside from here. I will be targeting $0.75 which is the range high first. If BTC has bottomed, hopefully not, then I’m going to be holding on to this one. Whatever happens here I’m going to long, even if I’m stopped out I will enter again. My rules for entry...

Golb

I’ve been focusing on BTC because I know it’s dominance is very influential on the market. I’ve entered a smaller position with a decent stop.

Golb

Now I have structure to play with, I need to see a move back above $33k or a dip back into my zone and I’m a buyer. All the signs are there but I just need a little more patience. My invalidation levels are still the same, targets still the same. It’s the exact same setup, but patience is key.

Golb

I’m not in yet but this looks interesting. Price has not done anything significant since my last post, my analysis is still the same. Price is trading within my zone. Depending on ho it behaves it might give a setup. The range is still in play, the the high and the low are still intact, safest bet is to stand aside and just keep watching it. Personally I still...

Golb

Price is ridiculously close to my limit order, $33k seems to be an important price point for BTC. All levels that were relevant on the way down will still carry weight on the way back up. I’m still waiting for a pike of the lows at $32 400 and then for price to quickly get back above $33k. I’m splitting my entry in half. The first limit will be below $32 400...

Golb

The weekly and monthly open are sitting on top of each other. This will be my first attempt at a long, limit below $33k targeting last months high at $41k Stop sitting below the last low before this rally. I would be happy with an entry anywhere within that highlighted zone. I’m not calling for the moon but I’m more long than I am short. Currently hunting...

Golb

I thought this would be a good opportunity to show why and how I use the Monthly open of a candle to narrow down good trading opportunities. The monthly candle opened and immediately started dumping. Price has not yet gone above the open, there is no wick above, a majority of candles make a wick both above and below the open. This type of movement for me is...

Golb

I usually try sticking to crypto but gold i think gold might be setting up for something big soon. When the crypto market took a hit so did gold, Maybe a move higher could trigger a move in BTC? Structurally gold is in a long term bullish trend, it bottomed in Aug 2018 and has been makings higher highs since. This correction started in Aug of 2020, from the...

Golb

The higher timeframe trend will always take priority over all the others. I can’t use the monthly chart because all you would see are green candles. The weekly chart is the safest way to look at the bigger picture. What am I look at on this chart? I’m looking at all previous lows that we’re printed, this gives me a general idea of where price may go. Once I find...

Golb

The move I wanted to see happened but I wasn’t involved. I wanted to hedge the move market by the blue arrow. I didn’t post the trade so I won’t claim it. Today is the last day of the month meaning the monthly is candle is about to close. A few posts back I mentioned I think the bottom might be in. The current price movements of this week are further reinforcing...

Golb

I got the downside movement I was looking for but not from the level I was short from. Got a spike above my entry, taken out at BE. My logic was shorting into the long. The overall idea is still intact, BTC is currently at one of what would have been the targets for the short. The weekly candle is about to close, I will be doing a fresh top down analysis this...

Golb

short with a very tight stop.

Golb

When I posted this entry I didn’t give a proper description on why or how this trade is a good one to take. I have a suspicion the bottom might be in but if that’s not the case then I would still like to be involved next leg down, the how is the tricky part. If we’re going to $24k then I think the lower high (the trade I just caught) is the best place to be...

Golb

Moved my stop to BE, if it goes back to my entry then I don’t want to be in the trade anymore.

Golb

Hedge short

Golb

I was looking at $0.55 as a potential level that could initiate the bounce. I don’t not have an area that would give a tight enough stop loss so I didn’t teak the long. Im assuming a lot of people are looking to short this rally but im not so sure. Im still hunting a long but something that won’t require a 4% stop loss. The good thing is we’re still trading...

Golb

I would love to long $0.55 but BTC looks like it wants to spike lower. I would like to see price back above $0.60 or even that previous low at $0.65100 before I consider attempting another long. Price just printed a lower low, it’s not unreasonable to expect a lower high before another leg down. I think I’ll probably end up hedging this both ways. The area...