My BTC/USD and ETH/USD trades after buying 5 days ago / BTC BREAKOUT - Trading Journal #4

My BTC/USD and ETH/USD trades after buying 5 days ago / BTC BREAKOUT - Trading Journal #4

By fendiuno | my crypto trading journey | 13 Mar 2021


Hello, Publish0x!

Around 5 days ago I announced that I opened a Long position on BTC and another one on ETH. The price target for BTC/USD was around $60000 and I am still in that trade because we actually saw a breakout and are currently hunting a new ATH. I took some profits out of the trade but compounded 25% back into the trade today. The BTC/USD trade is currently up 65%. I have closed the ETH/USD trade already with 100% profits 2 days ago to buy some altcoins.

My last post for reference: https://www.publish0x.com/my-crypto-trading-journey/my-2-new-huge-trading-opportunities-i-took-on-btcusd-and-eth-xzwdqmz

BTC/USD breakout:

We're currently breaking out of this channel and setting new BTC highs and now after retesting this breakout on the 4h timeframe chart I am thinking about making my Long position even bigger. 5cdc170a7469ed76d87f3f9936e92031aa3925516a0fc9d359b4c5616a4c887f.pngThe next target is the 1.272 Fib Retracement level at $62500 and I think we should break this one easily with enough volume. The breakout and the 4h close are super bullish right now and will influence the next few days.

In conclusion:

This is all I can really say right now, I'll stick with my position for another 5 digit gain on BTC if we can make it. I'm thinking about making a big ByBit trading tutorial for you guys, please let me know if you want one! Huge week ahead friends. 

As always, no financial advice.

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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