A trader's diary - my Bitmex journey

[N0sferatu]

I am getting really excited about the next days!

My personal sentiment is pretty bullish for some days now - and seeing multiple different TA's confirming this usually is a positive sign.

In my chart, you can see that we're completing the triangle anytime around 29th May. See that top of the upper band? It's near the 9000$ mark, which will probably be the next target price.

Volumes are also constantly going up (over a longer timeframe), which is a bullish sign as well!



Disclaimer: This content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.

[N0sferatu]

Daily summary #19

Current balances updated in the OP.

Sentiment:

- overall bullish
- price swinging between 7950$ to 8150$
- still waiting for greater movement

Open position:



2nd account:



Filled orders:

Nothing has changed.

Active orders:

Nothing has changed.

Made no profit or loss today (except for funding fees).

Not much to say today as the market hasn't moved yet.
Funding fees are slowly eating up my balance, i might consider to do something about it!  

As some of you probably already know, there is a strong correlation between the Bitcoin price and its search volume on Google:




past 7 days               past 12 months




Those graphs are confirming both, the current consolidation phase as well as the strong upward movement in price since March.
Actually i didn't expect the connection to still be so substantial, as the current run seems to be initiated by institutional investors unlike 2017!

Diversification applies to every aspect of trading, also analysis!  


Disclaimer: This content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.

[N0sferatu]

Daily summary #20

Current balances updated in the OP.

Sentiment:

- overall bullish
- price swinging between 8600$ to 8900$



Open position:



2nd account:



Filled orders:



Active orders:



Made a nice profit of 0.026 BTC today!

Finally Bitcoin made the expected upward movement!
It happened right before i went to bed - was still able to take some quick profits and re-arrange my open orders.

Still keeping the position of my 2nd acc, as i'm expecting another pump beyond the 9000$ mark soon.


Disclaimer: This content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.

[N0sferatu]

Daily summary #21

Current balances updated in the OP.

Sentiment:

- bullish
- price swinging between 8700$ to 8900$



Open position:



2nd account:



Filled orders:



Active orders:



Made a small profit of 0.0006 BTC today.

Nothing much has happened over the past 24 hours.
Price range is very tight again; overall Bitcoin still behaves bullish. I can see no signs of a reversal or correction.

The funding rates are still pretty high, so i'm currently rethinking the maintenance of my 2 positions on my 2nd account.
Lost 0.001 BTC today due to that.


Disclaimer: This content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.

[N0sferatu]

Daily summary #22

Current balances updated in the OP.

Sentiment:

- bullish after consolidation phase
- price stagnating



Open position:



2nd account:

None.

Filled orders:



Active orders:



Made a profit of 0.009 BTC today.

The funding rates are still pretty high, so i'm currently rethinking the maintenance of my 2 positions on my 2nd account.
Lost 0.001 BTC today due to that.

As a consequence, i closed both positions with profit.
Need to create a new strategy for the 2nd account as long as funding rates are still that high:



This, and the long downward wicks (see chart) after the last pump lead to the conclusion that we're consolidating again.
So, the next upward movement probably is just some days away!



The position in my primary account is building up in size again.
I'm pretty sure we're not going to see a price below 8500$ anytime soon again.

Disclaimer: This content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.

[N0sferatu]

No daily summary for today as I'm taking a break. 
Will include today's report in my post tomorrow.

I'm absolutely bullish as it looks like we're completing the next flag soon again:

Disclaimer: This content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.

[N0sferatu]

I'm absolutely bullish as it looks like we're completing the next flag soon again

Well, that escalated quickly!  

Disclaimer: This content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.

[N0sferatu]

Daily summary #23-25

Current balances updated in the OP.

Sentiment:

- bullish
- awaiting another test of the 9200$ area
- price swinging between 8400$ to 8700$



Open position:



2nd account:



Filled orders:



Active orders:

None.

Made a small profit of 0.001 BTC over the last days.

I was able to sell a small portion of my position during that sudden rise to 9200$.
Didn't sell much as i expected the price to grow even stronger.

That unexpected dip suddenly after triggered some buying orders, so now my position size is at a very reasonable level.

I'm pretty sure we're not going to see a price below 8500$ anytime soon again.

Well, failed hard on this one.  But that's trading!

Today i played around with some trend lines just for fun; and to visualize my next expectations:



Disclaimer: This content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.

[ginobitcoiner]

I am very impressed with your expertise in trading in the current market conditions that you have been able to choose excellent tokens for trading, you have proven that daily trading is still the best choice, provided we choose the right token and exchanger in trading.

[N0sferatu]

I am very impressed with your expertise in trading in the current market conditions that you have been able to choose excellent tokens for trading, you have proven that daily trading is still the best choice, provided we choose the right token and exchanger in trading.

Thank you very much for your kind words. 

UPDATE 12/06/2019

I'm currently recovering from a disease (nothing to worry about though). Therefore i was not in the right state for trading or creating new daily summeries here.
I am going to resume this journal as soon as possible.

Thanks for understanding and being with me on my journey! 

[Gyrsur]

I am very impressed with your expertise in trading in the current market conditions that you have been able to choose excellent tokens for trading, you have proven that daily trading is still the best choice, provided we choose the right token and exchanger in trading.

Thank you very much for your kind words. 

UPDATE 12/06/2019

I'm currently recovering from a disease (nothing to worry about though). Therefore i was not in the right state for trading or creating new daily summeries here.
I am going to resume this journal as soon as possible.

Thanks for understanding and being with me on my journey! 

get well soon!