My 2 new huge trading opportunities I took on BTC/USD and ETH/BTC - Trading Journal #3

My 2 new huge trading opportunities I took on BTC/USD and ETH/BTC - Trading Journal #3


Hello, Publish0x!

The H&S pattern I talked about in Trading Journal #2 luckily didn't work out for the bears. We broke out above the right shoulder which is exactly where I have placed a buy order for BTC at exactly $49604 as you can see on the following chart.  u5qLDiF.png I hope I can ride the wave up to $60000+ and compound more into my position to make it bigger in the next few days.

ETH/BTC opportunity:

After waiting for a couple of days for Ethereum to bounce off our support on the ETH/BTC chart I've opened a trade for ETH as well at $1650 which is 50% in profit right now.

I'd like to keep this trade up for a longer period of time as well as the BTC/USD trade. Here's the channel I think we're in and how far I'm gonna keep going with my Ethereum position.

tB0YaqW.pngAs you can see we still have a lot of room until we hit the resistance area on the ETH/BTC chart.

In conclusion:

Both my recent trades are in profit, to be precise my BTC trade is up 13% with 5x leverage and my ETH trade is up 56% with 10x leverage. I hope I can hold them until we hit new all-time highs soon. All profits I make will of course go into my HODL portfolio, I do not plan to cash anything out in the near future.

As always, no financial advise.

Thank you for reading, I wish you a nice rest of the day and hope you enjoyed the read.

- fendiuno

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fendiuno
fendiuno

blogging about my crypto trading and hodling journey


my crypto trading journey
my crypto trading journey

Blogging about my crypto trading journey here, my strategies, trade analysis, profits, and of course losses.

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