Discover more from Stewdamus' Chart Analysis & Trade Alerts
My $10,000 portfolio is now live! LFG!
#bitcoin #btcusd #crypto #cryptocurrency #bearmarket #tradealert #breakout #pampit
Well, traders, the time has come. By popular vote, we start my public-facing portfolio with $10,000. Admittedly, beginning in the middle of a bear market will not be an easy task. But I have vowed not to cop out and take the easy road. I will give it my best shot here and we’ll see what we can turn this thing into in 5 years. I’d love to be able to add (2) two zeros behind the 10k and turn it into a cool mill. Time will only tell.
That being said my first order has been triggered. How fitting that it is good old Bitcoin. In fact, I may trade BTC a bit more in this bear climate. I don’t think it’s going anywhere.
On Saturday, I almost posted a video because I felt the bottom (at least temporarily) might be our CME daily gap fill at $18,415. So far, almost a week later, this has proven to be the case. I am now seeing plenty of signs that a short-term bounce may be underway, hence the trade. The following is a pattern I have spotted on BTC’s 4 hr. chart. This is an inverse H&S pattern. I set my buy limit order at $21,137 and it has triggered. So, I have purchased just over $1000 worth of BTC for my very first trade. Here’s what I see:
Target shall be around 25k, which was the wick down of the May 12th Luna/UST crash. You can view the spreadsheet here for the rest of the data including stop outs:
Just for full disclosure, I do also have another buy limit in for 100,000 Jasmy at 0.01037. Here’s what I am seeing on that chart:
Looks like a break-out is imminent or already underway on the 4hr. I will place another ‘TRADE ALERT’ should that buy trigger.
Let’s do this ya’ll!