My Trading Journey #14: Bitcoin pumped up to $10,300 drastically after Fib level .618 from $9,942.

in #bitcoin4 years ago (edited)

As I thought when looked at the BTC chart and my indicators, my target was $10,200 from $9,942.

I sold rest of 50% of trade at $10,225 which I was holding after selling 50% at Fib level .50 after buying at $9.942 when scalping on lower time frames as I mentioned in my last blog #13. move up fast  to $10,300 after dropping $200  to 9,942    9-10-19.png

What I have learned from this scalp trading:

Fib retracement indicator helped for me to see where price can reversal up to after a dreastic move.

I used QFT method since the price dropped so drastically $200 in a short time. So, I knew the the price will eventually retrace back up from where the drop started.

I am getting better at money management by buying in layers and selling in layers as price moves up to my target.


It s going down. Hope hé doesnt go undee 9.4k

Coin Marketplace

STEEM 0.17
TRX 0.08
JST 0.022
BTC 26681.65
ETH 1596.04
USDT 1.00
SBD 2.14