SoT chartoff: March, Round 3 - MITH

update

Trade active

3rd try to get a chart posted.. sorry guys.. hopefully everything works out this time
1. Good volume on the monthly and weekly
2. After testing the weekly level on March 13 distribution started with volume slowly dying
3. Since March 18 volume is increasing on the 4HR and 1HR, accumulation starting again?
4. Took entry as explained on the chart, will update progress as needed

Note

The move did not yet reach 1st target as I expected, therefor moving priority to bankroll management and moving my stop to the next 1HR uptrend that formed which is 1157. This limits my potential loss to 2% instead of the original 3.5% if the moves completely fails.

Trade closed: stop reached

SL reached. Will monitor and enter if setup allows.

Note

So analyzing this trade revealed i might have missed a 1 hour level at 1220, that target was hit perfectly and would have generated 3% profits. Have to look more careful next time!

Note

tradingview.com/chart/mFkuJqv7/

Re-entry at 1151 which was break of the trend line as explained on the chart.
Aiming for that new 1st target 1185 for 3% profit !

Trade closed: target reached

1185 was hit !!

Note

Closed this trade but the next target was hit perfectly !

Note

So this is the chart I wanted to post 22 hrs ago.. pfff.. still learning how this all works..

Note

Glad I closed this trade yesterday. Brutal BTC dump !

Dutchdude

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Dutchdude