Public Trade #6

Konikko

Bitcoin gave me hope, during the hard times. I was sitting in my city, which has name from pronouncing it you could die, Khabarovsk, arguably better place, than the rest of Russia, but still depressing. Yegor's video describes my feelings:

I definitely could not return to Japan anytime soon. My twitter feed was also full of people not knowing what to do, except to play poker. I could not even chase Russian angels in quarantine. 30% Bitcoin move, did cheer me up a little, on the other hand, with more money, came more responsibilities, now I had to write Psychological methods to stay calm and don't get excited from profit, which I will share later on my Telegram channel. $16K in Russia is a lot of money. You could rent VIP hospital room with TV and lung Ventilator for a whole year.

On Monday, I bought more Bitcoin , increasing leverage from 3.33 to 5x. With 100% of my portfolio in Bitcoin for base price of $7656. In less than 5 days it grew by 22.6%, last two days especially. I came with solid profit of $8500, more than doubling initial capital. I closed position at $9390, price could go higher, but not that much and I had many to loose. There were few reversal signs, which helped me to decide.

First of all Doji candle (purple circle) on 10m chart, often pointing at reversal. Price increase was weak, after it broke resistance (blue line) and on 1m chart it created double top . These signs are not 100% guarantee, but I knew, reversal would start soon and I closed trade.

At the bottom of the trend, it was easy to spot a curve, but it was hard to hope on it, because anything can go wrong any time. Actually many shorted, that curve, because there was a bearish divergence on RSI , Curve was so much stronger.

I conclude, Bullish signs were ten times strong, but hard to imagine price would go so high. It's all about thinking outside the box. Short was rational, traders who think inside the box initially shorted it. Sometimes irrationalism wins, I am irrational all the time, it's my nature.

About me: I decided to reveal all my funds to tell the true story of success or a failure, as it will play out in the future. I have been trading almost 3 years, started in 2017 and recently thought, that if I had written about my trading adventure before, it would been a significant story. Use this channel to educate your self, grab ideas or just to have fun watching my demise or phoenix

Trade Details: 112% profit (22.6% x5) +$8500 Enter long: $7656 Closed: $9390

Public Trade #6

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