$BTC — documenting this wild-ass strategy of compounding positions all the way from an initial 30,000u position with a 3,000u stop-loss to a 1.5-million-u position now, with floating profits nearing 50,000u! Basically, I opened the first position with a stop-loss set at 15% of my initial capital. Let’s hear a classic Chinese curse!!!
Ever since I drew the chart structure, the strategy has been pretty clear!
Chart 1, 1s: firmly targeting a break below 75. No break, no breakthrough! Started with a 3,000u stop-loss.
Chart 1, 2s: the rebound stayed within the stop-loss range, so the position wasn’t stopped out. Confirmed it was a final pump to lure people in, and increased the position to 60,000u.
Chart 1, 3b: reduced the position by half, down to 30,000u.
Chart 1, 4b: decisively hedged 30,000u and started waiting for a rebound.
Chart 1, 5b: doubled the hedged long position, bringing it to 60,000.
Chart 1, 6s: exited the hedged long and the opposing long position.
Chart 1, 7s: added 60,000; holding 90,000.
Chart 1, 8s: added 60,000; holding 150,000.
Chart 2, 9b: hedged half the position.
Chart 2, 10s: closed the hedge.
Chart 2, 11b: added a hedge.
Chart 2, 12s: closed the hedge.
Chart 2, 13s: added a hedge.
Chart 2, 14b: closed the hedge.
Chart 2, 15s: doubled the short position, holding 300,000.
Chart 2, 16s: doubled the short position, holding 600,000.
Chart 2, 17s: went all in, increasing the position to 1.5 million.
Now I’m just waiting for 75 to arrive and for profits to hit 86,000! That’s the final target. I’ve just put on a hedge, so I’m not watching the charts. I’ll remove it after the rebound.
Ever since I drew the chart structure, the strategy has been pretty clear!
Chart 1, 1s: firmly targeting a break below 75. No break, no breakthrough! Started with a 3,000u stop-loss.
Chart 1, 2s: the rebound stayed within the stop-loss range, so the position wasn’t stopped out. Confirmed it was a final pump to lure people in, and increased the position to 60,000u.
Chart 1, 3b: reduced the position by half, down to 30,000u.
Chart 1, 4b: decisively hedged 30,000u and started waiting for a rebound.
Chart 1, 5b: doubled the hedged long position, bringing it to 60,000.
Chart 1, 6s: exited the hedged long and the opposing long position.
Chart 1, 7s: added 60,000; holding 90,000.
Chart 1, 8s: added 60,000; holding 150,000.
Chart 2, 9b: hedged half the position.
Chart 2, 10s: closed the hedge.
Chart 2, 11b: added a hedge.
Chart 2, 12s: closed the hedge.
Chart 2, 13s: added a hedge.
Chart 2, 14b: closed the hedge.
Chart 2, 15s: doubled the short position, holding 300,000.
Chart 2, 16s: doubled the short position, holding 600,000.
Chart 2, 17s: went all in, increasing the position to 1.5 million.
Now I’m just waiting for 75 to arrive and for profits to hit 86,000! That’s the final target. I’ve just put on a hedge, so I’m not watching the charts. I’ll remove it after the rebound.
