- Last week's 30% buy @ 9320 triggered - Added another buy limit for 30% @ 7961 - Targets also added to this chart, but i wouldn't be surprised if we see another few weeks of price action around the pivot (~10k) or a deeper back test of ~6k levels.
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Key pivot. Where descending resistance bear channel and horizontal resistance correction meet.
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Lowered my targets a bit to match horizontal resistance better.
Below 11k i think the 7961 add is still in play.
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I'm being conservative here and shrinking my position to 15% (so closing half) and i'll look to add around 10k or below again, depending on how/if price holds.
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Closing other 15% from 9320. Now holding 0% BTC.
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Looking to BTD when RSI back tests the trend.
Bear channel desc resistance now clearly violated, so we'll be ignoring this once it's broken upwards and back tested as support.
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Bounced off of the pivot. We're still flat BTCUSD. Patiently waiting for an opportunity:
@ThankUKind, Below ~6k i would add the last 20-40%. Because this target is quite far away, i've not yet included any buys in this chart. I have a fixed absolute position size in $ for BTC and ladder myself into that position, now holding 30% of my max. BTC position.
UnknownUnicorn121770
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@TomPip, I ladder in and out, because picking tops and bottoms is for suckers.
ThankUKind
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@TomPip, right on, I am new at this. You find your strategy to be more profitable ?
UnknownUnicorn121770
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@ThankUKind, For me it's the most profitable, yes.