Bitcoin (BTC/USD) Trade (Profit Booked) Today : 22-Aug-2017
Bitcoin came to our level of profit point and we booked all the profit 3X and now we are out of all positions with a nice profit from a trade block which started on 20-July-2017 with addition on 31-July-2017.
Here is todays chart... red line is the exit point which happened today... and green lines are entry points...
So, in total this trade was:
First entry (2X) was on 20-July-2017 at 2410
Second entry (1X) was on 31-July-2017 at 2830
Exit (3X) today, 22-Aug-2017 at 3822
Hence a profit of : (3 x 3822) - (2 x 2410 + 1 x 2830) = 3816
So if you traded with a total of 3BTC (2BTC in the first and 1BTC in the second) then you would have made $3816 net.
If you traded with a total of 0.3BTC (0.2BTC in the first and 0.1BTC in the second) the you would have made $381.6 net.
If you traded with a total of 30BTC (20BTC in the first and 10BTC in the second) the you would have made $38160 net.
Remember, in the beginning keep the leverage at minimum that is 1:1 (all the above calculations are for a 1:1 leverage) and then after you are comfortable increase it to a max of 2.5:1... NEVER go beyond that.
Now that we are out of the trade, we will start to look to get a back with a buy trade (since for Bitcoin we are only doing long (buy) trades)... I will keep posting the day charts to indicate levels.
Remember, don’t try to force a trade, always wait till market gives you a trade :-)
Previous Day: https://steemit.com/bitcoin/@aarcee/bitcoin-trade-btc-usd-21-aug-2017
Next Day: https://steemit.com/trading/@aarcee/bitcoin-btc-usd-trade-chart-23-aug-2017
TRADE DIARY
| Date (Buy) | Buy Price | Sell Price | Date (Sell) | Profit/Loss |
| 20-Jul-2017 | 2410 | 3822 | 22-Aug-2017 | 1412 |
| 20-Jul-2017 | 2410 | 3822 | 22-Aug-2017 | 1412 |
| 31-Jul-2017 | 2830 | 3822 | 22-Aug-2017 | 992 |
| Waiting | 4502 | |||
| Net | 3816 |
DISCLAIMER: The above references are my personal opinion for information and educational purposes only. It is not intended to be investment or trading advice. Seek a duly licensed professional for investment or trading advice.
It will see a slight correction the upcoming days, but it wil most likely bounce back to 4000+ short after.
Thanks for posting :), very informative.
Hey @silent.screamer , thanks for writing in... I don’t predict the movement, just follow the market !!
Followed and upvoted. This is great analysis. Looking forward to future posts.
Thanks @shawnfishbit I will try and do it everyday... :-)
Good clean trading. What platform are you trading on? Bitfinex?
Yes trying out bitfinex right now... just shifted to btc/usd (in july), earlier was trading forex and futures... this is turning out to be good :-)