Bitcoin (BTC) MA Death/Golden Cross Analysis (Part 15) --> +42%

29 May 2018

And we're long again! We had a very nice short position here for a while, but BTC finally made a breakout above the MA! The stats for our last segment are:

Segment 8

• 05/19/2018 - BUY $8,200
  
• 05/22/2018 - SELL $8,300
  
• 05/29/2018 - BUY $7,450
  
• Beginning ($): $14,200
  
• Ending ($): $14,200
  
• Beginning (BTC): 1.71
  
• Ending (BTC): 1.91
  

Segment 9

• 05/29/2018 - BUY $7,450
  
• TBD - SELL TBD
  
• TBD - BUY TBD
  
• Beginning ($): $14,200
  
• Ending ($): TBD
  
• Beginning (BTC): 1.91
  
• Ending (BTC): TBD
  

We've almost doubled our BTC investment since we've started, and we're up 42% against USD! I know this isn't the moon shot that a lot of crypto investors look for, but these gains in traditional capital markets are insane! We've set our stop loss at $7.2k just in case BTC continues to fall. Otherwise, let's hope for a bull run here, because our gains against BTC will compound our USD gains!

30 May 2018

Not

We saw a slight bump and then a fall below the MA. Let's stick to our stop loss and see where the day takes us!

31 May 2018

Not

We've still above our buy-in but we're not seeing much movement in either direction. Stick to our stop loss and let's see where today takes us!

31 May 2018

Not

I'm not seeing many long positions on TradingView, so let's stick to the stop loss tightly!

2 Haz 2018

Not

We're roughly following the ascension line that I drew out, but we're not breaking out much above that. As of right now, we're still using our stop loss

3 Haz 2018

Not

We're now using the MA as the stop, we're seeing some gains against USD, but we're not seeing the large spikes we were hoping for.

4 Haz 2018

Not

We just saw a day of flat followed by a strong dip this 15m, look out for the price dropping like a rock under our MA here!

4 Haz 2018

İşlem kapandı: durdurma seviyesi

We hit our sell at $7,650 last night, locking in some profit against USD on this leg! Short position to be posted in a few minutes.

5 Haz 2018

Not

I'm going to wait another day before posting the short position, we made a slight recovery and it's hard to tell if it'll pop back up or fall like we're looking for!

5 Haz 2018

Not

We saw a spike back up to our sell position just now, but we're showing overbought at the moment. Hold this short position until we see the RSI recover.

6 Haz 2018

Not

We've been right at our sell price here for a while, let's wait for the market to make up its mind here

6 Haz 2018

Not

I'm holding out for the next day, I'm not sure what's going on right now. We're seeing sideways movement which will drain gains from this strategy.

6 Haz 2018

Not

Track the short segment here!