WEEK S. Range: 8300 – 10700 / 9500 M. Range: 4300 – 11000 / 7700 CCI: Positive with Roll Up WAVEPM: 0.49, 0.61, 0.48, 0.60 Upper: 11000 Lower: 7000 Trend: Neutral Active MR: None
DAY S. Range: 8100 – 9700 / 8900 M. Range: 8300 – 10900 / 9590 CCI: Neutral WAVEPM: 0.87, 0.72, 0.71, 0.61 Upper: 10900 Lower: 8300 Trend: Neutral Active MR: Down, 14 period, MA: 8900, Upper: 9700, WavePM: 0.87, lateral movement
4H S. Range: 9170 – 9330 / 9250 M. Range: 7950 – 9550 / 8750 CCI: Positive WAVEPM: 0.24, 0.28, 0.88, 0.72 Upper: 9550 Lower: 8000 Trend: Up on 200, Band: 9140, WavePM: 0.72 Active MR: Down, 100 period, MA: 8750, Upper: 9560, WavePM: 0.88
BUYS 1) 9135; 2) 9095 – 8925; 3) 8300
SELLS 1) 9570 – 9670; 2) 10900 - 11200
>>> NOTES Strategy Compression/Range
Mean Reversion Both MR showing lateral movement so far, still needs significant time to compress
Technical Analysis Key levels: 200 D MA (9090), 100 D MA (9570); Forming Bullish Shelf or Bearish Bart with wedge between key levels; Bullish break possible, but compression/range likely to continue for 1 – 4 weeks; 200 4H upper band leading a weak up-trend with WavePM: 0.72;
Fundamental Analysis Neutral; NVT with bullish cross but already flashing red. Parabolic up-trend still possible, but new network activity not keeping pace suggesting higher price a result of speculation/manipulation rather than growth from new interest/utility/adoption;
Notes On Open Positions XBTH20: Some poor execution has resulted in excessive fees eating up available risk limit for the long BTC position. Closed out original position to get optimal long entry, but missed my buy order by 4$. Did manage to get the entry right after the miss, with a market order slightly higher than my original target. Decent entry price now. Sold 12.5% of position to recover some fees to increase risk limit of position back up to 4% of balance.
Take Profit 9570
New Executions XBTH20, Market Sell, -XXXX, Fill Price: 9341.5, Closing final 25% of position; XBTH20, Market Buy, +XXXX, Fill Price: 9339.5, Open new long position, Margin: 8%; XBTH20, Limit Sell, -XXXX, Price: 9523, Selling 12.5% of position to boost risk limit;
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