Been honest there not much that has happen in the past days and sometimes I do get desperate of waiting so much although as I mention I want to learn to wait for the right opportunity, reason why I haven't jump into any of the small movements of the price and I'm still bearish in the short term, meaning for the rest of the month at least.
The price has been doing nothing for the past 12 days, stuck in a range where I had a chance to jump in at $56k but didn't want to expecting it was going to look for the $54k range rather, I guess its better missing than loosing, miss a trade opportunity than jump into the wrong trade and get stuck.
For some weird reason paper trading on Tradingview delete or cancel the order after some time? Im not sure, but at least I got screenshots of what Im tracking down, after all this is a 100 trades experiment to try to learn how to trade before I jump in with real money.
To give some context to this experiment and the name of the account, recently I was given $2k as a gift, I put dedicated half to buy Bitcoin gradually and hold and the other half I pretend to use it to trade only if I can achieve this 100 trades and remain 70% on the green, back in the day when FTX failed I was starting to get into crypto but got wipe out, few years latter I want to give it a try again, here Im and found Hive so I can keep track of my experiment without having to run a website for my blog.
The market has been moving side ways, hunting for liquidations and stop losses, with movements that could stop out all kind of leverage trades with even 5x with tight stops, reason why I didn't jump in, after "large" movies, it starts moving so slowly and I dont want to trade lower time frames its just too much time consuming so I prefer to wait.
Bitcoin 1D Chart
This is Bitcoin on the daily, from my perspective the price should do a small green valley on the SQZ while the ADX goes bellow the 0.23 and then decide where to go, IF decides to get force during the green valley close the price will go looking for lower levels.
The price has been lacking any volume meaning a large move is coming, with my stop at $52,582 I hope its low enough to not get stop out and even if I do I would jump back into a long position as Im not risking anything rather than my gains from first trade.
Well here my very bad drawing but before the end of the month the price might go down looking for liquidation on the lower levels, loosing $49k would really fuck the price so Im not thinking it would go that low but for sure liquidate every long position existent after that big green candle on August the 8th to then move up.
I will update my trade in two or three days since there is not much to post and Im not really into altcoins trading since for now Im only focus on Bitcoin only, my intention are also to trade some other coins in the future but I though it would be easier and more effective to work with Bitcoin only.
Stay safe, hope you the best ✌️