Bitcoin Trade (BTC/USD) Trade Chart : 28-Aug-2017
As it was going, the Bitcoin did confirm a new up Fractal yesterday. The fractals are group of five day bars and they get confirmed on the end of fifth day and get made on the third day. So, in this case it was made on 25th Aug and confirmed on 27th Aug.
Today’s Chart:
So we have a new Buy point... Now the buy point for (1X) is 4474, earlier (before the up fractal was confirmed) it was 4502. Today it looks like it is going down, but we have a buy order at 4474 incase the surges up...
Previous Day: https://steemit.com/trading/@aarcee/bitcoin-btc-usd-trade-chart-26-aug-2017
Next Day: https://steemit.com/trading/@aarcee/bitcoin-trade-btc-usd-trade-chart-29-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 | 4474 | |||
| 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.
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STOPYou should do one for Steem
Sure, will try that... :-)
A question why is there 2 buys on July 20
Well, this is reverse pyramiding... for bitcoin I have decided to do 2X + 1X... which means it will be bottom heavy (and the corresponding stop loss at the first point will be tighter)... so you divide your capital in 3 equal parts... and go 2X + 1X from bottom...
Right now we have a 1X buy pending, if the price settles down and jump again then we might go 2X depending upon the fractal geometry.