As every low liquidity asset with total lack of market regulation or at least little regulation, bitcoin experiences bubbles.
We've already seen 3 major ones
1. from sub $1 to $30
2. from $15 to $230
3. from $120 to $1150
And tones of them at smaller scales.
And this last one we experienced in december and first days of january was one of the bigger ones if we take off the thre major ones.
In this chart i have labeled for you what i consider are the phases of a bubble applied to last bitcoin bubble.
Besides you have my entry points in this long labeled (714.65 and 815.53 usd).
I'm ready to increase my leverage at 840ish and 740ish when (if) we have a new dip.
My targets are 1080ish, 1180ish and an ultimate target over 1700 (i willplay this last target with a trailing stop over 1400).
Deleverage at BEP and SL at new lows.
We've already seen 3 major ones
1. from sub $1 to $30
2. from $15 to $230
3. from $120 to $1150
And tones of them at smaller scales.
And this last one we experienced in december and first days of january was one of the bigger ones if we take off the thre major ones.
In this chart i have labeled for you what i consider are the phases of a bubble applied to last bitcoin bubble.
Besides you have my entry points in this long labeled (714.65 and 815.53 usd).
I'm ready to increase my leverage at 840ish and 740ish when (if) we have a new dip.
My targets are 1080ish, 1180ish and an ultimate target over 1700 (i willplay this last target with a trailing stop over 1400).
Deleverage at BEP and SL at new lows.
Kommentar:
Ready to see how this plays out to scalp again my long
Kommentar:
It played out. Dumped 25% of my long at 1050 and rebought at 1010.
Successful scalp once again.
Successful scalp once again.
Kommentar:
Bought in as planed at 840 and 740.
Also added some bits at 720. Plus i made a few succesful scalping trades during this madness.
It seems Okcoin and huobi are halting withdraws for a month to chinese users.
Check this for some info
www.newsbtc.com/2017...hanges-aml-fx-rules/
twitter.com/cnLedger...s/829680780083286016
Also added some bits at 720. Plus i made a few succesful scalping trades during this madness.
It seems Okcoin and huobi are halting withdraws for a month to chinese users.
Check this for some info
www.newsbtc.com/2017...hanges-aml-fx-rules/
twitter.com/cnLedger...s/829680780083286016
Kommentar:
Current base price 770, though i cashed out profits already, so real base price is around 700.
Stop-loss at new low (699-700)
Stop-loss at new low (699-700)
Kommentar:
Already back on mean. I expect sideways heading down for a few hours, and then a steady uptrend
Kommentar:
Bull divergence, present in every time frame under 4h
Kommentar:
with all this mad dump i forgot to say we reached target 1 (1080ish) and i closed 40% of position there.
So my initial position had a base price of 765 and i closed 40% of it at 1082. That means a 16.6% net profit before margin.
I also did two scalping trades, for 3% and 4% swing. So i pocketed there about a 2% net profit before margin.
I'm using a x4 margin, so that boosts my current net profit to 74%.
Now i reloaded my long, increasing by a 50% of my original position my current position. So currently i am holding a long that is a 10% bigger than my original long.
My current targets are:
1000 30%
1080 35%
1180 25%
1700 (to profit from a possible etf approval and the predictable price pump) 10%
So my initial position had a base price of 765 and i closed 40% of it at 1082. That means a 16.6% net profit before margin.
I also did two scalping trades, for 3% and 4% swing. So i pocketed there about a 2% net profit before margin.
I'm using a x4 margin, so that boosts my current net profit to 74%.
Now i reloaded my long, increasing by a 50% of my original position my current position. So currently i am holding a long that is a 10% bigger than my original long.
My current targets are:
1000 30%
1080 35%
1180 25%
1700 (to profit from a possible etf approval and the predictable price pump) 10%
Kommentar:
Target 1: REACHED
I'm on fire :D
This means a 33% net profit pocketed. Already sitting on ~107% net profit over initial position.
So this is now basically a "free trade".
Be ready to react on etf approval.
I'm on fire :D
This means a 33% net profit pocketed. Already sitting on ~107% net profit over initial position.
So this is now basically a "free trade".
Be ready to react on etf approval.
Kommentar:
Target 2: REACHED
An other 53% net profit pocketed.
This trade already has reported a 160% net profit, and still two targets to go.
Lets see if the twins etf gets approved and we reach our ultimate target.
An other 53% net profit pocketed.
This trade already has reported a 160% net profit, and still two targets to go.
Lets see if the twins etf gets approved and we reach our ultimate target.
Kommentar:
Lovely.
Target 3: REACHED
An other 51% net profit pocketed.
This trade has already reported +210% NET PROFIT over my colateral, plus we still have 10% of our intial position ongoing looking for a liquidations party.
I'll keep an eye on etf news to close this remaining bits as soon as rejection news are out (if it is indeed rejected).
Target 3: REACHED
An other 51% net profit pocketed.
This trade has already reported +210% NET PROFIT over my colateral, plus we still have 10% of our intial position ongoing looking for a liquidations party.
I'll keep an eye on etf news to close this remaining bits as soon as rejection news are out (if it is indeed rejected).
Kommentar:
The fun is over. ETF rejected. closing the remaining 10% here, at 1110.
That means an other 5% net profit pocketed.
This trade reported a total 215% net profit. NOT BAD :/
That means an other 5% net profit pocketed.
This trade reported a total 215% net profit. NOT BAD :/
Kommentar:
As i'm now these days rebalancing my accounts i noticed a mistake in profit calculation in this trade.
Last 10% closed at 1110 provided a 4.3% net profit before margin.
After x4 margin it is over 17% net profit.
So total pofit of this trade was 227% NET PROFIT.
327% ROI.
Last 10% closed at 1110 provided a 4.3% net profit before margin.
After x4 margin it is over 17% net profit.
So total pofit of this trade was 227% NET PROFIT.
327% ROI.
Scalped this long from 1030ish to 1000ish.
Was an easy trade signaled by a noticeable bear div