Technical Analysis
I am a trader with a technical analysis background and in recent months got involved in crypto. I am going to use this thread to discuss and share my crypto trading activities using the following starting point:
Trading Float: $5,000 Trading Approach: Short term (hours / days max) Exchange: CEX.IO Products to Trade: BTC/US$, BTC/GHS, Other Crypto Pairs as required
My aim is to share the trades I intend to take, reasons for taking a trade, entry points and exit points either for profit or loss. I'll track the trade outcomes and post all the details in this thread. This won't be a 'I took a trade yesterday and made $1K' anyone can do that, it will be more like 'If the BTC/$ price hits X I will buy with a profit target of Y and a stop loss of Z.' with the reasoning behind it. I'll also share methods I am using and if anyone wants to ask questions or tell me I am dumb etc then all comments welcomed.
Why am I doing this? Well I am trading anyway and I always find sharing and documenting this sort of activity is great for learning, discipline and a bit of enjoyment. Trading can be a lonely game, so this sort of interaction is also good for motivation.
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