BTC Daily Report 11/03/19
Updated
Indicators on chart:
BB 100 Day 1.15, 0.55, 0.1 Stdevs (Blue)
BB 200 Day 1.15, 0.55, 0.1 Stdevs (Orange)
BB 100 Week 1.15, 0.55, 0.1 Stdevs (Purple)
Daily BTC Analysis/Report
Date/Time: Sun Nov 3, 2019; 1pm
Balance/UPNL: XXXX, -XXXX, -0.4%, UPNL 0
Open Positions: XBTH20 +XXXX @ 9410
WEEK
S. Range: 8300 – 10900 / 9650
M. Range: 4200 – 11250 / 7750
CCI: Positive with Roll Up
WAVEPM: 0.576
Upper: 11250
Lower: 8300
Trend: Neutral
Active MR: None
DAY
S. Range: 8000 – 9650 / 8825
M. Range: 8300 – 10900 / 9600
CCI: Slight Positive
WAVEPM: 0.705
Upper: 11000
Lower: 8300
Trend: None
Active MR: Down: 14 period, lateral movement, MA: 8825, Upper: 9650, WavePM: 0.885;
4H
S. Range: 9165 – 9325 / 9245
M. Range: 7850 – 9475 / 8660
CCI: Positive with potential Roll Up
WAVEPM: 0.683
Upper: 9575
Lower: 8600
Trend: Up on 200 period, WavePM: 0.702
Active MR: Down: 100 period, lateral movement, MA: 8650, Upper: 9475, WavePM: 0.901;
BUYS
9076 – 8900; 8300;
SELLS
9470 – 9670; 10900;
>>> NOTES
Strategy
Compression/Range
Mean Reversion
Still lateral moving MR on 14 D (MA: 8825, Upper: 9650) and lateral moving MR on 100 4H (MA: 8650, Upper: 9475)
Technical Analysis
Key Levels: 200 D MA (9075), 100 W MA (9575);
Forming Bullish Shelf or Bearish Bart with wedge between key levels; Leaning towards bullish breakout but not significantly confident yet, another 1 – 3 weeks of compression/range likely while the 4H periods cool off;
Converging support: 200 D MA and 4H 200 period up-trend (WavePM: 0.702)
Fundamental Analysis
Some positive interest but is it enough to support this price level?
Halving in 6 months, will offer relief from selling pressure as new supply tightens;
Major resistance from large regulators, governments, and banks, including China and USA;
Overall neutral
Notes Regarding Open Positions
XBTH20: Stopped out 75% of position. Initial entry was very poor, sloppy, looking to fill buys at lower price to get optimal entry to maximize position size within tight risk limitations. Allowing a risk limit of 5% of Balance, 0.8% used up now on fees, 4.2% risk remaining.
Take Profit
9573
New Executions
XBTH20, Stop Market, -XXXX, Price 9423, Fill Price 9410.5 (Reduce position by 75%)
BB 100 Day 1.15, 0.55, 0.1 Stdevs (Blue)
BB 200 Day 1.15, 0.55, 0.1 Stdevs (Orange)
BB 100 Week 1.15, 0.55, 0.1 Stdevs (Purple)
Daily BTC Analysis/Report
Date/Time: Sun Nov 3, 2019; 1pm
Balance/UPNL: XXXX, -XXXX, -0.4%, UPNL 0
Open Positions: XBTH20 +XXXX @ 9410
WEEK
S. Range: 8300 – 10900 / 9650
M. Range: 4200 – 11250 / 7750
CCI: Positive with Roll Up
WAVEPM: 0.576
Upper: 11250
Lower: 8300
Trend: Neutral
Active MR: None
DAY
S. Range: 8000 – 9650 / 8825
M. Range: 8300 – 10900 / 9600
CCI: Slight Positive
WAVEPM: 0.705
Upper: 11000
Lower: 8300
Trend: None
Active MR: Down: 14 period, lateral movement, MA: 8825, Upper: 9650, WavePM: 0.885;
4H
S. Range: 9165 – 9325 / 9245
M. Range: 7850 – 9475 / 8660
CCI: Positive with potential Roll Up
WAVEPM: 0.683
Upper: 9575
Lower: 8600
Trend: Up on 200 period, WavePM: 0.702
Active MR: Down: 100 period, lateral movement, MA: 8650, Upper: 9475, WavePM: 0.901;
BUYS
9076 – 8900; 8300;
SELLS
9470 – 9670; 10900;
>>> NOTES
Strategy
Compression/Range
Mean Reversion
Still lateral moving MR on 14 D (MA: 8825, Upper: 9650) and lateral moving MR on 100 4H (MA: 8650, Upper: 9475)
Technical Analysis
Key Levels: 200 D MA (9075), 100 W MA (9575);
Forming Bullish Shelf or Bearish Bart with wedge between key levels; Leaning towards bullish breakout but not significantly confident yet, another 1 – 3 weeks of compression/range likely while the 4H periods cool off;
Converging support: 200 D MA and 4H 200 period up-trend (WavePM: 0.702)
Fundamental Analysis
Some positive interest but is it enough to support this price level?
Halving in 6 months, will offer relief from selling pressure as new supply tightens;
Major resistance from large regulators, governments, and banks, including China and USA;
Overall neutral
Notes Regarding Open Positions
XBTH20: Stopped out 75% of position. Initial entry was very poor, sloppy, looking to fill buys at lower price to get optimal entry to maximize position size within tight risk limitations. Allowing a risk limit of 5% of Balance, 0.8% used up now on fees, 4.2% risk remaining.
Take Profit
9573
New Executions
XBTH20, Stop Market, -XXXX, Price 9423, Fill Price 9410.5 (Reduce position by 75%)
Note
Likely range for a small move up within compression range. The expanding 200 x 4H 1.15 Stdev upper band in green is bottom range for long entries, and the 100 x 4H upper band in red which is currently in Mean Reversion condition as resistance.
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