Small position here in ETH after observing cyptospace action the last 2 weeks. Mostly experiencing small losses with chop action in my timeframes. BTC bullish move on daily but without solid volume. Bears haven't been able to push price further down since the recent larger pullback. Weekly bullflag in play. LTC now starting to consolidate but expected due to the known news (fundamental event). My trades in cryptocurrencies has shown recent underperformance since the pullback which clearly shows that I have to adapt to the current price actions and improve my planning and executions. Hence, a smaller position here and going to be more patient with the next wave. Still slow and steady for BTC. Other names mentioned before are showing relative strength. I think this is a good scenario for bulls seeing no additional critical selloffs.
BTC D,
ETH D,
LTC D,
BCH 12h, was watching a nice 12h EQ but chose ETH due to early relative strength. In hindsight this would have been a great laggard waiting for confirmation.
ETHBTC D, ETH relative strength + interesting level and possible range
BTC D, anchored VWAP in yellow from daily high and daily low showing price action in the range but now over the two levels. *average long positions on those 2 days are profitable. (05/30 + 06/04)
Trade Review
Closed position for a small profit, considering it was a C Trade idea. Will be opening a new position and notably larger here due to recent developments. Updated notes will be on new trade.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-06-12 15:20:10 | ETH | buy | $256.350 | long |
2019-06-16 00:37:53 | ETH | sell | $271.750 | 0 |
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