Trading Diary - Day 1: 03/11/2022

After a perfect swing-up. We seem to like to lose our support at 20.400 once again.
The rate is already hiked 0.75 bps, and this impact will cost us so many things in the short term (3 ~ 6 months)
Remember that this block zone (20.000$ ~ 20.400$) is potent. The idea is straightforward:
1. If we lose this zone again. We may see a big swing down, and this time, we can see a new low in 2020.
2. If BTC holds this zone and manages to break it, it might lead to another swing up to 21.500 ~ 22.000$. But this scenario seems not so real because BTC has been denied at 20.800 with an extreme volume. That's is how Bear show their strength

Comment:

1. Short Position: BTC
Entry: 20.500
Stoploss: 20.852
Target: 18.200

2.Short Position: ETH
Entry: 1599
Stoploss: 1591
Target: 1305
Note: will find some zone to add more position if BTC can't hold above 20k

3.Short Position: SOL
Entry: 31.2. That's my huge mistake when chasing a trade.
Will find some place to DCA or just get out of this trade

Comment:

I got a chance to close the SOL position with a tiny profit and correct my mistake.

Now, if BTC holds the blue line for the next 16 ~ 20hrs, we are probably gonna see another leg up, but my view doesn't change at all.

Comment:

I'm sure I got some luck because I closed SOL just before that coin went pumping hard.

BTC hit stop-loss. ETH was closed to profit.

Now it's seem the right moment to catch these Short ideas again

Trade active:

P/s: All these things simply not a signal or a financial advise for anyone.
This is just a progress or my diary about my trading journal.

Comment:

+ BTC Short has been filled at 21.430$.
+ My ETH short is still in play at 1.600$. Stop-loss is above 1690 (ETH has a block around 1.663 ~ 1.690).
+ MY SOL short gets filled at 35,45$

Now let's see how things roll.

Comment:

I didn't expect that SOL has gone so far.
Put stop-loss on profit for SOL at 33,13$ just in case we going to get some volatility in the next few days.

Comment:

1. 18.900$ ~ 19.100$ zone was damn good support and now turned into a big resistance for BTC.
=>> So the stop-loss in profit for everything will be above 19.100$.
2. If BTC will close this week belove 17.500$ this week. That will turn into a disaster for the entire market.
I believe BTC could establish a bottom around 9k5 ~ 11.000$ zone.
Now let's see how things work

Comment:

Nothing new in my chart now. Seem like this pullback not gonna pass block zone (18.000 ~ 18.400$).
And I repeat one again: If Weekly candle close below 17k500$ zone, we gonna process to the new bottom of 2022

Comment:

Nothing new in my chart. We still bleeding, just like a man who cuts his wrist.
Some gonna bleed to death, and some will become unconscious.

Let the time will tell their story.