Long
Bitcoin (BTC) MA Death/Golden Cross Analysis (Part 13) --> 42%
Welcome to the 13th installment of my analysis series! We've been on a short for a while now, but it looks like we're ready to go on a long streak. The RSI is right in the middle, and we've crossed our MA here. Remember, we're minimizing risk using this strategy, so we may lose money on this leg. We're tracking the following statistics to monitor the performance:
Segment 7
We saw some decent gains against BTC on the short segment. We're up 70% against BTC and 42% against USD, so let's keep this run going!
Segment 7
- 05/02/2018 - BUY $9,200
- 05/06/2018 - SELL $9,600
- 05/19/2018 - BUY $8,300 (note $300 false-long loss)
- Beginning ($): $13,950
- Ending ($): $14,200
- Beginning (BTC): 1.51
- Ending (BTC): 1.71
We saw some decent gains against BTC on the short segment. We're up 70% against BTC and 42% against USD, so let's keep this run going!
Note
The price is dipping but RSI shows oversold. Remember our stop lossNote
This MA is flatter now, but remember, this short crossover before further descent is what burned us last segment. Hopefully, we see a continued rise, but I'm not confident that is the case. Use the stop loss as a hard sell point, regardless of RSI.Note
A decent bump here, let's hope it keeps going!Note
We're still long here and the RSI has resettled with a slight jump in price. This is positive news here!Trade closed: stop reached
We exited at $8,400 last night. I'll be posting a stats update here shortly.Note
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.