Hakukuro

Hakukuro Updated 

Most people (including me sometimes) lack the right mindset, patience, and planning when it comes to trading. There is no magic technical indicators in trading, it all comes down to simple tools, just like my paper trading journey outlined in this BTCUSD chart. In the chart, I observed that: BTC was no longer trending as its price was ranging for nearly 50...

Hakukuro

If bull cannot hold previous $42,000 low, then be aware of BTC downside risk to test blue rectangle area, which namely is MA200 area as well as high volume density area. Trade safely and don't try to catch the falling knife.

Hakukuro Updated 

According to 4H chart, buying power is diminishing and the trading volume climaxed here. Also according to RSI, it's gonna reach resistance line shown on the graph. We will see if there is a reversal sign confirmed from RSI in next few hours.

Hakukuro Updated 

Just to see if the neckline will be broken. If neckline holds and price goes up beyond the right shoulder, go long. If neckline breaks, go short. In my case, I am "hedging" my BTC position to keep my dollar value unchanged.

Hakukuro Updated 

30mins Chart, BTC will most likely bound between the downwards channel. Current SRSI is overbought and short at the upper edge of channel will have a bigger win rate. Take profit at lower end of the channel, stop loss once it breaks the previous high around 7450. This is my intra-day strategy to to "hedge" my BTC position, please trade based on your own...