Long
Bitcoin (BTC) MA Death/Golden Cross Analysis (Part 15) --> +42%
And we're long again! We had a very nice short position here for a while, but BTC finally made a breakout above the MA! The stats for our last segment are:
Segment 8
Segment 9
We've almost doubled our BTC investment since we've started, and we're up 42% against USD! I know this isn't the moon shot that a lot of crypto investors look for, but these gains in traditional capital markets are insane! We've set our stop loss at $7.2k just in case BTC continues to fall. Otherwise, let's hope for a bull run here, because our gains against BTC will compound our USD gains!
Segment 8
- 05/19/2018 - BUY $8,200
- 05/22/2018 - SELL $8,300
- 05/29/2018 - BUY $7,450
- Beginning ($): $14,200
- Ending ($): $14,200
- Beginning (BTC): 1.71
- Ending (BTC): 1.91
Segment 9
- 05/29/2018 - BUY $7,450
- TBD - SELL TBD
- TBD - BUY TBD
- Beginning ($): $14,200
- Ending ($): TBD
- Beginning (BTC): 1.91
- Ending (BTC): TBD
We've almost doubled our BTC investment since we've started, and we're up 42% against USD! I know this isn't the moon shot that a lot of crypto investors look for, but these gains in traditional capital markets are insane! We've set our stop loss at $7.2k just in case BTC continues to fall. Otherwise, let's hope for a bull run here, because our gains against BTC will compound our USD gains!
Note
We saw a slight bump and then a fall below the MA. Let's stick to our stop loss and see where the day takes us!Note
We've still above our buy-in but we're not seeing much movement in either direction. Stick to our stop loss and let's see where today takes us!Note
I'm not seeing many long positions on TradingView, so let's stick to the stop loss tightly!Note
We're roughly following the ascension line that I drew out, but we're not breaking out much above that. As of right now, we're still using our stop lossNote
We're now using the MA as the stop, we're seeing some gains against USD, but we're not seeing the large spikes we were hoping for.Note
We just saw a day of flat followed by a strong dip this 15m, look out for the price dropping like a rock under our MA here!Trade closed: stop reached
We hit our sell at $7,650 last night, locking in some profit against USD on this leg! Short position to be posted in a few minutes.Note
I'm going to wait another day before posting the short position, we made a slight recovery and it's hard to tell if it'll pop back up or fall like we're looking for!Note
We saw a spike back up to our sell position just now, but we're showing overbought at the moment. Hold this short position until we see the RSI recover.Note
We've been right at our sell price here for a while, let's wait for the market to make up its mind hereNote
I'm holding out for the next day, I'm not sure what's going on right now. We're seeing sideways movement which will drain gains from this strategy. Note
Track the short segment here!
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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.