BVOL7D trade ideas
Where should I exit my BTC?A Common question amongst Crypto Traders is where (and how) should I exit my BTC positions..
We can exit our positions similarly to how we entered them; in a scaling process.
The difference between EZ1 and EZ3 is TIME.
You do not have to wait this whole time because it is all too possible we bounce from EZ1 for you to take RE longs, Most likely for intraday and scalp Trades.
You can also use these zones as HZ's and for shorts (lightly)
We DCA IN... and scale out accordingly.
Always Trade HVA's lightly.
Bitcoin = 31k or 11k?Please look at the chart in a different way, this is based on trend analysis, bottom and top searching and the fundamental analysis everyone should do to see more insights of the price movement. The price is always catching up to its true value #longtermview
Cost of mining one bitcoin is apparently around 13000$
BTC UpdateCurrently looks like btc has finished a downtrend with a truncated corrective wave, into a wave 1, then a (bullish) abcde wave 2 correction. What would follow is a wave 3 and 5. I do believe we go lower after this which is why I'm calling it a 5 wave X wave and not the bullish minor waves of a larger wave 1. It may take some weeks (month or 2?) to finish the X wave before lower lows. We must remember that BTC managed to acquire the lowest weekly RSI readings since inception. BTC will hopefully move up to "cool off" the RSI before going lower.
This specific count is invalidated if the rising channel fails and the E goes under the C. Even if that fails it could still be some sort of WXYXZ which would still be a valid 2 but this is less likely. All invalidated below the wave 1 bottom of course.
As ever - ignore timeframes. I do not do time analysis. The length of these lines are purely conjecture.
Bitcoin Trend as calculated through a Linear RegressionNumber probably go up now, if not number will go up around 7.5k/8ks. So, at most you may be risking a 20-30% draw down if you buy the dip now. So, that would be your risk, now how about reward? well, the sky is the limit when it comes to a hard capped sovereign, autonomous, censorship resistant, scarce Commodity with unique abilities pertaining to currencies, store of values and speculation. ( I know this shit is messy, but in terms of probability as defined by the bell curve in statistics, this trend regression can give us real odds of price reaching certain price ranges).
A lesson from Tesla's Bitcoin position..!These days everyone talks about Tesla closing 75% of its bitcoin position.
Let's evaluate it and see if there is anything that we can learn from it:
1- A Perfect Entry: according to Tesla's earnings call average entry price was $31,620..! Considering 27829 was the lowest price of 2021 and bitcoin traded only 22 days below Tesla's average.
2- Missing opportunity to realize +100% gain in less than 1 year, Twice..!
3- Closing below Entry with 170 million USD loss: Tesla sold $936 million worth of Bitcoin at the price of $28,888!
As you can see to be successful in Trading or Investing you need a perfect entry and exit strategy, but you should not forget that your gains are not yours unless you realize it!
As you can see Tesla had the chance to make a 1.7 Billion USD profit in 2021, but they lost that opportunity and shareholders should pay for Elon's 1.5 Billion USD gamble..!
Education:
Minimal requirements for a good effective trading/Investing system:
1- Entry Criteria
2- Exit Criteria: Target, Stop Loss
3- Profit protection Plan: Trailing Stop loss
The last one is very important because you should never let a winning trade turn into a loser one..!
If your trading setup lacks any of the above-mentioned requirements, you will lose money even if you are Elon Musk..!
Best
July 2022..!I think looking at the following trade setups needs no explanation:
July 2nd:
July 14th:
July 21: Are pinned to the chart
BTC: first 2 trades closed with 12.34% and 6% profit and the last trade is in 9% profit so far..! Stop loss updated to entry for risk-free trade!
#ETH: first 2 trades closed with 17% and 9.5% profit and the last trade is in 9% profit so far..! Stop loss updated to entry for risk-free trade!
Best,