~ 7RR. Swing trade with expectation of a break of highs post halving. Entered with 100% of capital.
Final bottom call for push to 100k. 18k entry with 50% cash, average down 10% for every 10% interval till filled.
Painting local lows at the 0.618 through 0.786 fib retracement. Stop at the lows. If stopped out, will take a breakout short.
Currently scaling in 1% of capital per day, will scale in 10% per day in the green box range. Plenty of dry powder.
Dip buying levels. Generational dip buying opportunity sub 14k. DCA at 80-90% of monthly income at those levels.
Expecting a top around 30k with a buy opportunity at around 14k. At 14k going to roll into long term calls on BTC.
Basic stuff, as described. Looking for a touch of the 200WMA. Buy - 1x Sell 1 - 0.5x Sell 2 - 0.5x x = capital allocated to trade
0.01% risk to portfolio, 0.04% reward potential. Entry, exit, stop as marked. Trade is active.
Expecting this move over the next few months.
Trade 1 is a hedge short from the crucial Support turned Resistance of approximately 5800, targeting 4080. Trade 2 is a net long position from (possibly) the 200 weekly moving average, targeting the crucial psychological resistance of 10,000.
Two possible trades: Trade 1: Long at current price, hold to target, stop at the tip of the right shoulder. (RR ~ 3:1) Trade 2: (Only on failure of trade 1) Immediately take short trade after the long trade is stopped out, target marked as per failure rules of inverse head and shoulders. (RR ~ 2.5:1)
Entry : Current price in chart Stop : 569.20 Target 1 : 594 Target 2 : 612 RR approx net: 2:1
Entry:10785 Stop: 10578 Target: 11247
4243 entry, stop 4480, target 3546, RR 3:1, positional risk 0.5% for gain of 1.5% Cross leverage is about 0.1x for this trade