My Cryptocurrency Trading Portfolio : Bitcoin
Updated
Hello TradingView community.
Today, I'm excited to kick off a new journey into the world of cryptocurrencies by starting a trading portfolio. Cryptocurrencies have shown their strength even during bear markets, making them an intriguing space for trading opportunities.
The first asset in this portfolio is none other than the cornerstone of the crypto market : Bitcoin. With its solid community support and limited global quantities, Bitcoin has proven to be a less risky option for traders.
Fundamental analysis:
Bitcoin stands as the pillar of the crypto market. Its great community backing and scarcity worldwide contribute to reducing trading risks.
Money management strategy:
The designated capital for this trade is $7000. Here's how the funds will be allocated:
The objective of this trade is to take profits at 20% if the first order is touched or when previous highs of $49,000 are revisited.
I won't be adding any additional trading orders below these levels. Furthermore, an investment portfolio will be activated once the price reaches $16,000. If you're interested, I'll be happy to share details about the investment portfolio.
Stay tuned for updates on this crypto trading journey. Happy trading, everyone!
This is not an investment advice, I am only sharing my own portfolio ;)
Today, I'm excited to kick off a new journey into the world of cryptocurrencies by starting a trading portfolio. Cryptocurrencies have shown their strength even during bear markets, making them an intriguing space for trading opportunities.
The first asset in this portfolio is none other than the cornerstone of the crypto market : Bitcoin. With its solid community support and limited global quantities, Bitcoin has proven to be a less risky option for traders.
Fundamental analysis:
Bitcoin stands as the pillar of the crypto market. Its great community backing and scarcity worldwide contribute to reducing trading risks.
Money management strategy:
The designated capital for this trade is $7000. Here's how the funds will be allocated:
- 1st Order ($1000 spot): Placed at the current market price. This order aims to enter the market after the recent correction from $49,000 to $42,000.
- 2nd Order ($2000 spot): Set around $37,300. This price level aligns with a strong weekly support, making it a strategic entry point.
- 3rd Order ($4000 spot): Positioned at $31,100. This level corresponds to a robust monthly support level, presenting a compelling opportunity.
The objective of this trade is to take profits at 20% if the first order is touched or when previous highs of $49,000 are revisited.
I won't be adding any additional trading orders below these levels. Furthermore, an investment portfolio will be activated once the price reaches $16,000. If you're interested, I'll be happy to share details about the investment portfolio.
Stay tuned for updates on this crypto trading journey. Happy trading, everyone!
This is not an investment advice, I am only sharing my own portfolio ;)
Trade active
I hope this update finds you well. I wanted to provide a quick follow-up on my trading portfolio.The first order has been successfully activated, and I'd like to inform you that there are no changes to the previously specified order levels. I am currently in a waiting phase, patiently observing market movements and anticipating the achievement of our set objectives.
Thank you for your continued interest and stay tuned for further updates.
Trade closed manually
Hello,As mentioned earlier, the market executed my initial order with a size of $1000. We're approaching the trade objectives at around $49,000, and with the greed index currently at a relatively high level (71 today), I've decided to close this trade with approximately a 17% profit, amounting to around $170.
The remaining orders will be canceled as they were part of this trade and were not reached. This decision doesn't imply a bearish outlook on the market; rather, it indicates that this particular trade has successfully achieved its goals.
Wishing everyone successful trading endeavors!
If you're interested in accessing my other trades for free, please like this post and follow me to receive timely updates.
Disclaimer
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