JULY 2019 TRADING SUMMARYHere are some outlines of my recent trades.
Results of July:6 BTC earned a month ($19,946 by the exchange rate of 29/07).
Market conditions:I trade mostly XBTUSD and ETHUSD.
Thus, first of all, as for BTC/USD price in July, it experienced an increase till the 10th of July, reaching the heights of the months (almost $13,300).Then BTC price started to decrease, entering a 6-dats downwards range. On the 17th of July the price stopped falling, but the recovery was slight without large volatility, as it can be said about overall BTC price dynamics in July. However, the market was full of the opportunities (at minor timeframes mostly for mr personally) even inside the diapason later (around $9,200 - $11.000).
As for ETHUSD it had a strong correlation* with BTC and reached the high of the month of approximately $320. The volatility was less in comparison to BTC, but still the further downwards trend the 10th of July and flat market were quite good for profitable trades.
* SFOX reported the ETH-BTC correlation in the 30 days prior to July 22 to be 0.788. Yeah, we noticed.
Patterns & signals used: - diapason trading,
- support/resistance breakout,
- double bottom,
- double top,
- retest,
- trend trading,
- sentiment (SFOX report, see below).
Leverages used: up to 15x. Mostly 6x.
Money and risk management strategies: pyramid trading (adding to an existing position once price moves in your favor), reversal pyramid trading (decreasing the position gradually once price moves in your favor) stop to breakeven, optimal position sizing, limits on losses (the last to points are a must).
As for the question about
indicators frequently asked, my best and mostly used indicator is price. Everything you need is already at the chart.
Top-3 trades:Jul, 1- Jul, 4:BTC short at double bottom pattern.
Reversal pyramid strategy applied
$2,233 earned.
https://twitter.com/MarkRobTrades/status/1146684172242694144
Jul, 16 - Jul, 17:BTC short at downwards range price entrance.
Opened around $11000. Closed at $9340 after the lower border of the range was broken:
$2,170 earned.
https://twitter.com/MarkRobTrades/status/1151446671345311744Jul, 24 - Jul, 25:ETH long Trend entrance at the 3rd touch of the support.
https://twitter.com/MarkRobTrades/status/1154425214060630016Sentiment: after SFOX report publication. Info contained:
“It may no longer be accurate to classify Ethereum as an ‘altcoin” + revealed data on BTC-ETH correlation (0.788).
https://blog.sfox.com/bitcoin-volatility-libra-trump-3a72cab47cd4May-July results:https://twitter.com/MarkRobTrades/status/1154306237594574849