LTC
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100 trades crypto series
Starting date: 9/August/2021
Day 4
Starting capital: $500
Capital at present: $583
Trade nr. 13
(all trading ideas in the series with commentary and outcome can be found on my profile)
As bitcoin sentiment turned a little bit to the bearish side all my today's trades were SHORT.
Also I was luck enough to catch the BTC market cap dominance rising in a short term which was also a good indicator that alts will bleed.
BEARISH view:
-Strong bear move, another leg down expected.
-Big pink channel represents a fair price area of the bigger TF. As you can see at the top price was in excess and it was a super strong rejection by bears signaling that we might go down to at least a control price (middle dashed line).
BULLISH view:
I was afraid that it might be a trading range (light blue channel and it might reach the top of that range (which would have hit my stop/loss. But eventually it played out OK.
Starting date: 9/August/2021
Day 4
Starting capital: $500
Capital at present: $583
Trade nr. 13
(all trading ideas in the series with commentary and outcome can be found on my profile)
As bitcoin sentiment turned a little bit to the bearish side all my today's trades were SHORT.
Also I was luck enough to catch the BTC market cap dominance rising in a short term which was also a good indicator that alts will bleed.
BEARISH view:
-Strong bear move, another leg down expected.
-Big pink channel represents a fair price area of the bigger TF. As you can see at the top price was in excess and it was a super strong rejection by bears signaling that we might go down to at least a control price (middle dashed line).
BULLISH view:
I was afraid that it might be a trading range (light blue channel and it might reach the top of that range (which would have hit my stop/loss. But eventually it played out OK.
Trade chiuso: obiettivo raggiunto
Took profit on a control price + 3 pushes down formed a wedge bottom - a brief rally expected.
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