Trade Review 05032019 CRON 5' OS bounce/PDD Top Fishing


CRON 5' OS Bounce (+54)


PDD ATH Top Fish (Breakeven)


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Bitcoin Trading Journal 10/07/2018

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Volume: 3,718,130,000  Dominance:43.4% Yesterday's inside bar had a failed break with a big bull break that was shut down immediately followed by increasing bear volume and downside action. This was a good shorting opportunity from a strategy i read recently which combined bearish divergence with a false break. Price reversal: FB+BD Bearish divergence was seen on the 1hr MACD from the previous high of 6839.4 to last high 6820 which was a lower high, unable to overcome the 6850 resistance zone. Price was swiftly shut down and is current finding support on the daily 26 EMA at 6640ish range forming a lower low. Currently the new support level is at 6616 and if we break through, we look to previous lows of 6511 and 6423 on the 4hr. I am still leaning bearish due to the decreasing volume and increasing btc dominance which signals reduced risk taking. looking for opportunities to short near resistance keeping my Stops just above the breakout level to upside. I am also...
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Bitcoin Trading Journal 18/7/2018

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Volume: 5,961,950,000 Dominance: 43% Bitcoin managed to break out of the 6800 level. The inverse H&S is now confirmed with a potential upside move to 7900 level. Next resistance is at 7775 level which i will be careful of. This move i did not initially expect to play out. after noticing the pullback to form the higher low, i was expecting a consolidation pattern to appear instead of the upside breakout. After the first breakout that occurred, i started to pay more attention to the candle formations and it seemed that when price found support on the EMAs, the upper wicks started to stop and candles started to close higher. This gave me the feeling that the price was most likely going to break out to the upside again. Sadly, i did not take the trade as i was focused on traditional markets. At current levels, the risk:reward ratios arent as great as yesterday or the day before where the stops were really tight with big potential moves to the upside. Now i would be cautious wi...
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