Long
Bitcoin (BTC) MA Death/Golden Cross Analysis (Part 5) ---> +6.5%
We crossed the MA a couple of days ago and I bought in at $8.3k. I'm publishing this new thread to track my long position, because the MA has crossed the buy-in, meaning that we're guaranteed to profit. Check out my previous ideas to see the first segment, but we've closed out the second segment and are beginning our first.
Segment 2
Segment 3
Segment 2 shows that more every trade will win, on both sides that is. It did win in terms of BTC. Since I'm bullish about BTC long-term, that's fine by me. I'm seeing a lot of posts about BTC heading down, but I'll continue to trade on my strategy. I don't really care whether it goes up and down, I'm looking to profit off of the waves. Stay tuned for updates, hopefully we see some upward movements!
Segment 2
- 03/11/2018 - BUY $9,750
- 03/14/2018 - SELL $9,100
- 03/18/2018 - BUY $8,300
- Beginning ($): $11,400
- Ending ($): $10,650
- Beginning (BTC): 1.17
- Ending (BTC): 1.28
Segment 3
- 03/18/2018 - BUY $8,300
- TBD - SELL TBD
- TBD - BUY TBD
- Beginning ($): $10,650
- Ending ($): TBD
- Beginning (BTC): 1.28
- Ending (BTC): TBD
Segment 2 shows that more every trade will win, on both sides that is. It did win in terms of BTC. Since I'm bullish about BTC long-term, that's fine by me. I'm seeing a lot of posts about BTC heading down, but I'll continue to trade on my strategy. I don't really care whether it goes up and down, I'm looking to profit off of the waves. Stay tuned for updates, hopefully we see some upward movements!
Note
We're seeing around 
1K separation between the MA and the current price, that's a pretty healthy sign! I'm seeing calls for a bull flag forming, let's hope this run continues!Note
Our MA is now $400 above the buy-in, meaning we're locking in a decent amount of profit. We're seeing a good amount of separation between the price and the MA.Note
After a very steep decline, we crossed the MA earlier today and I'm out at $8.7k, locking in profit here. I'll post a short tracking article once the MA crosses this mark. Trade closed: stop reached
Note
Closing out this thread and starting a new one, out MA has crossed the sell line.Note
Click on the below chart for the short-tracking of this segment!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.