My 2 new huge trading opportunities I took on BTC/USD and ETH/BTC - Trading Journal #3

Do repost and rate:

The H&S pattern I talked about in Trading Journal #2 luckily didn't work out for the bears. We broke out above the right shoulder which is exactly where I have placed a buy order for BTC at exactly $49604 as you can see on the following chart.  I hope I can ride the wave up to $60000+ and compound more into my position to make it bigger in the next few days.

ETH/BTC opportunity:

After waiting for a couple of days for Ethereum to bounce off our support on the ETH/BTC chart I've opened a trade for ETH as well at $1650 which is 50% in profit right now.

I'd like to keep this trade up for a longer period of time as well as the BTC/USD trade. Here's the channel I think we're in and how far I'm gonna keep going with my Ethereum position.

As you can see we still have a lot of room until we hit the resistance area on the ETH/BTC chart.

In conclusion:

Both my recent trades are in profit, to be precise my BTC trade is up 13% with 5x leverage and my ETH trade is up 56% with 10x leverage. I hope I can hold them until we hit new all-time highs soon. All profits I make will of course go into my HODL portfolio, I do not plan to cash anything out in the near future.

As always, no financial advise.

Thank you for reading, I wish you a nice rest of the day and hope you enjoyed the read.

- fendiuno

Regulation and Society adoption

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