Bitcoin (BTC/XBT) Daily Long&Short Trade Setups 2021/01/26

アップデート済

Live trades will be called in the latest daily post. Follow me to trade live with me!
Also check out my daily post on Ethereum!

MARKET OVERVIEW

Price Action: Bitcoin is stuck consolidating at the 200MAs, even as ETH has broken out to the upside. Waiting to see if BTC follows ETH or continues to languish.
Chart Patterns: No patterns.
Areas of Interest: The area(s) of interest for us are the 61.8Fib @ $31150. Once price reaches one of our areas of interest and gives us a valid entry signal, I will update the trade, so make sure you follow me to get the trade entry signals in real time.

TRADE SETUPS
Below are the potential trade setups that I would be interested in trading. Regardless of the path that the price takes, I will be monitoring the market for a valid trade entry signal.

Long Trade Setup #1: Retest and Continuation (61.8Fib)
To open a long position, we are waiting for price to retrace down to test the 61.8Fib and then continue moving up.
1. Price Action: Price needs to move back down to the 61.8Fib @ $31150 and bounce back up.
2. Trade Entry Confirmations: Bullish candlestick pattern, above average volume, MACD bottoming

TRADES(S) RECAP: LATEST 3 TRADES

2021/01/20: We had a winning trade! We entered short @ $34940 SL @ $35560, price reached a low of $28850, giving us a risk reward ratio of 10:1, meaning if you risked 1BTC on this trade, you could've made 10BTC.
2021/01/19: We had a winning trade! We had a signal from a strategy in the testing stage. We entered short @ $36760 SL @ $37150, price reached a low of 36K, giving us a risk reward ratio of 2:1, meaning if you risked 1BTC on this trade, you could've made 2BTC.
2021/01/15: We had a winning trade! We entered long @ $38470 SL @ $37770, price reached a high of $38780, giving us a risk reward ratio of 0.5:1, meaning if you risked 1BTC on this trade, you could've made 0.5BTC. This is our smallest win so far, but a win is a win, and this is the first step on our road back to profitable trades.

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About Me

I started trading in 2008, first got introduced to bitcoin in 2009, and have been actively trading cryptocurrencies since 2016.
I have worked on Wall Street trading bonds, stocks, and options.
I have worked at top consulting firms advising Fortune 500 companies and worked on 10Billion+ deals.
I have founded and advised blockchain projects and companies, including in the areas of defi, nft, data ownership, and personal identity.
I have taken hundreds of live trades, each recorded with over 50 data points, all meticulously analyzed, using data analysis and modeling to optimize win probability and risk reward.

DISCLAIMER: I'M NOT A FINANCIAL ADVISOR AND THIS IS NOT FINANCIAL ADVICE, AND I WILL NOT BE RESPONSIBLE FOR YOUR WINS OR LOSSES, DYOR.

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ノート

#btc20210126 hey guys, sry was afk and missed this entry. wouldve hit tp3 so far. lets see if we get another chance. if we do get another entry though, would be a 1/10 of normal position size trade as weve already bounced once from the level, so the chances of it bouncing again are, while high, lower than the 1st test.

ノート

#BTC20210126 If the current 15min candle closes above 31.5k, we will have a valid entry signal. Though, like I said, bc price already bounced from near this level recently, I’d use caution and enter a partial position only. Also, this is not an entry call yet. Waiting for candle close.

ノート

had entry
Entry 31,643
SL 31,171
TP1 31,880
TP2 32,055
TP3 32,229
TP4 32,388

トレード稼働中

TP1 of 31880 has already been reached!

ノート

TP2 hit!

ノート

TP3 smashed!

ノート

TP4 smashed!