Shared by
beno
Fundamentals
-Float = 27M
Catalysts / News / Painting the picture
-Jul 27 2020: Bitcoin price sympathy
-Nov 18 2020: Bitcoin price sympathy
-Nov 30 2020: New Bitcoin ATH today
-Dec 16 2020: Structurally significant ATH break-out of Bitcoin price
Technical Analysis
-SPY pattern: Afternoon Runner
-Intraday pattern: Bull Flag
-Other notes: Price not following BTC closely, just vaguely
Strategy / Confluence / Sizing Guide / Risk
Strategy: B grade rotation of BTC
Confluence: N/a
Strike Zone: N/a
Sizing (lots + emergency): 500-1000
Risk (stop / Rs): Beak of BTC trend
Review / Lessons Learned
Only winning trade today, was hoping for a near instant resolution move on BTC / MARA but BTC stayed in its range and MARA grinded up very slowly. Still +2R here on these two rotation scalps.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-12-21 13:00:41 | MARA | buy | $10.765 | long |
| 2020-12-21 13:00:41 | MARA | buy | $10.770 | long |
| 2020-12-21 13:01:06 | MARA | buy | $10.770 | long |
| 2020-12-21 13:01:06 | MARA | buy | $10.770 | long |
| 2020-12-21 13:01:06 | MARA | buy | $10.770 | long |
| 2020-12-21 13:04:22 | MARA | sell | $10.930 | long |
| 2020-12-21 13:06:57 | MARA | sell | $10.890 | long |
| 2020-12-21 13:08:43 | MARA | sell | $10.830 | long |
| 2020-12-21 13:08:43 | MARA | sell | $10.835 | 0 |
| 2020-12-21 14:06:35 | MARA | buy | $10.970 | long |
| 2020-12-21 14:06:35 | MARA | buy | $10.965 | long |
| 2020-12-21 14:17:01 | MARA | sell | $11.060 | long |
| 2020-12-21 14:17:01 | MARA | sell | $11.060 | long |
| 2020-12-21 14:17:01 | MARA | sell | $11.060 | long |
| 2020-12-21 14:20:31 | MARA | sell | $11.010 | long |
| 2020-12-21 14:20:31 | MARA | sell | $11.010 | 0 |
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