The year 2021 is just 18 days old and a lot of price action happens already around Bitcoin Altcoins and the crypto market.
First of all, I have to say that I am not a professional. I am just an average guy who fell in love with financial markets, trading, and Fintech. (since 2008)
Since the lockdown, I now trade daily instead of part-time, and Bitcoin, or Big Trader Coin as I call it, has surprisingly helped me to improve my trading skills. However, I still have to work a lot on the psychological part.
This is for entertainment purposes only and I just want to share what I have seen and what I have traded since then. (Maybe it will help someone)
Best trades:
(2020) Long @25k close 32k Short @33.3k close 30K (H&S)
Long @30.4K close 40k Long @36.6 close 41.7K (knife catching)
Then I saw the giant rising wedge on the chart and I started overtrading instead of just placing the trade, so impatient and inconsistent with my trading style that I almost screwed it up (hard to believe)
Short @40.4K close 33.333$ (WEDGE) Long @ 31k close 35k Short 35k close 34k
Short @38k close 35k Short @37.3 close 34.6 (BEARFRLAGS)
Actually not that bad would not be the moments when the market is only chopping and one should rather not trade.
Worst trades:
41.6K -39.9K $ Area (RED BOX) 35.2K - 33.9K $ Area (GREEN BOX)
These two areas, overtrading and my lack of discipline and knowledge are responsible for the fact that I gave up more than 45% of my profits. (stupid) funnily enough, however, I am grateful because without these mistakes I would not have gained a lot of knowledge about price action and market structure.
I think that bitcoin will move a little further sideways and I have to take a few days off trading to sort my thoughts.
I'll come back relaxed and prepared don't worry ;)