BTCUSD: Possible scenarios for the bear market
Updated
I think it's now fully confirmed that a bear market started, as per the long term signals in 
BTCUSD's 2 month timeframe chart. I draw a couple possible scenarios, overall what matters is the general idea, not the specific path. We will trade each swing, with our remaining exposure to crypto, which is now reduced to 25% of net worth max, to let it grow from there once again.
Cheers,
Ivan Labrie.
BTCUSD's 2 month timeframe chart. I draw a couple possible scenarios, overall what matters is the general idea, not the specific path. We will trade each swing, with our remaining exposure to crypto, which is now reduced to 25% of net worth max, to let it grow from there once again.Cheers,
Ivan Labrie.
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We covered our shorts, cost basis on chart, was a 20% position we had.Bought back spot holdings...
Potential upside targets for
BTCEUR if we do get a trend signal Comment
Speculating on a way for price to act here at support...BTCUSD chart I added at 7846 eur.
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Holding above the last CTFC meeting level is constructive here...Last day of the recent decline today...
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I sold margin and spot longs here to be safe. We could short if we break below yesterday's or today's low, the daily uptrend could be a failure and this price pattern here be more of a sideways non-trend/triangle Comment
Went short:Entry 11344
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9150 eurTrade closed manually
Short covered, still in cash.
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BTCUSD could turn bullish once more here, we wait and see Comment
We can get a buy signal here within 25 minutes, tight stop...BTCUSD chart Trade active
'[18:00, 3/7/2018] Let's buy our spot BTC back here, if we break lower, we will hedge or go back to cash [18:12, 3/7/2018]
BTCEUR: We bought back at our old long cost basis, except now we have 17% more BTC roughly Comment
This could be how things pan out, if we do move higher from here in BTCUSD Trade closed manually
Took a small loss, but will reenter long when safe...or simply short if we get an entry. In cash for now. Lost 1.1%.
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