BTC long+short plan (will update with P/L) over the next week.
Updated
Hey everyone, update. I hope my previous chart helped some people to hop in a short at a decent entry point. This is an updated chart with the current trend. key support levels to the left, with stops set if those break, though if we are following the Wyckoff then that doesn't seem likely as of yet, and I'm actually looking more on the BTC daily chart as a large Cup and Handle, which may or may not push even higher than 45k-46k (I won't be overleveraging my shorts for now). I currently have longs scaled in all the way down to 37.7k and so far it's going well. I will update this at the week's end with P:L.
Note
entered one position long @ ~ 38445.Note
exited long position. ;) . it looks like we're headed to the next leg of support to retest.Note
just to update this: the downtrend decided to happen a bit early(er than I expected) I opened a a little 5x short from 39.6 down to 36.3k , and I am just in the middle of scalping the bounces right now as we move further to the downside.Note
to add, my P:L began around -3.8% from the long I took early on, and I've since recouped a bit more from the shorts at around 7.8% + of the net port I use for margin. I'm still in the red from many trading mistakes over the past few months (quite a steep learning curve) and I'm quite grateful I'm learning so quickly- these charts that I share give me a good opportunity to embrace the Socratic method.
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