Long

Updated

BTC LAST try to LONG inside the triangle?

Opened a long at 10.040$

Stop in the red area.

Divergences inside the 1H channel, RSI breakout.

MFI oversold, divergence on every oscillator.

Falling wedge is bullish pattern!

And finnaly potential bullflag forming on minute chart.

Trade active

ENTRY: 10.040$
STOP: ~9.800$
TARGET 1: 10.500$
TARGET 2: trailing stop
Margin : x4

Note

This looks divine

Note

Pullbacks on more TF-s.

But still inside the wick bordered channel:

Note

Adjusting the STOP for zero-game as worst scenario.

New stop : about ~10k - where I've opened the position yesterday

EXPLANATION:
If I was too early : will not lose significant money, and can re-open my long later.
Protecting capital is the first.

Reduce risk first time as you can.

Note

And bang-bang....

Adjusting stop:

Trailing STOP level 10.050 - 10.150$ Collecting ~1-2% profit

Target Area: ~10.5k (Colleting ~20% profit)

New speed-channel marked as blue

Note

Trailing stop of my long adjusted to 0.5 fib : near 10.150$

Note

This liquidation flow hunted my STOP down hardly.

Trade closed in 6% profit (with x4 margin).

New idea of the weekend move and position possibilities coming soon.

CONCLUSION

September and the Christmas holiday times are the two worst moments to trade!

Every year I promise to myself: I will not trade in these months.... but I can't resist XD

My BTC capital summary of september: +3% ... will be better I hope so in the second part of the month.

TanukiTrade

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