Shared by
Marius
Been watching the consolidation on BTC since the last daily rally. Looking bullish and testing overhead resistance/supply at VWAP's and notable fib levels. Entered a position here seeing if price will be continuing after consolidating through time / absorbing supply. Seems to be uncorrelated to markets at the moment as well.
RVOL - not significant
Structural Overview, D
Trade Review
Moved stop to break even minus fees. Delayed FED reaction dump. Noting the future resistance levels, vwap levels, + fib area. Early pattern recognition inverse H&S on mid-term time frame lining up on this rejection. I have a strong bullish play here if we test the previous area with this pattern. I'd like to see a strong reversal with something fundamental to stack up the decision process here. Will observe the price action until then.
Trade management was excellent here due to the moved up stopped loss. Minimized losses here significantly. Always re-evaluate risk when the trade develops and continue trading with the strategically programmed stops.
Tactical Overview 60m,
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2019-09-06 01:52:53 | BTC | buy | $10705.500 | long |
| 2019-09-06 01:52:53 | BTC | sell | $10705.500 | 0 |
| 2019-09-06 01:52:53 | BTC | buy | $3064.867 | long |
| 2019-09-06 13:40:16 | BTC | sell | $10690.050 | 0 |
| 2019-09-06 13:40:16 | BTC | buy | $10690.050 | long |
| 2019-09-06 13:40:16 | BTC | sell | $3060.444 | 0 |
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