BTC - 3 Stop Losses from 2x 200-MA Rejections

I have several stop losses attempt in this space in the last 2 weeks . BTC via $iShares Bitcoin Trust(IBIT)$ on 26/9 move out of channel and 200-MA, 7/10 intraday stop on $Amplify Transformational Data Sharing ETF(BLOK)$ and $VanEck Digital Transformation ETF(DAPP)$ (consolidated as a single trade for liquidity) from attempt of follow through from 4/10 undercut and reclaim of 10-MA and BTC re-attempt to push out of 200-MA. On hindsight, the best trade in the space is $MicroStrategy(MSTR)$ on 19/9 push out of 50-MA, or you'll be chasing the profits with a skewed risk-reward after. It is the only name that worked.

The reality of trading is that, no matter how much you stack the odds in your favor, you must accept that the near term future is always uncertain. However, when an optimal risk-reward setup appears on the chart, we need to execute trades in a quantifiable manner that has a positive expected value (EV) based on our own trading data.

I’ve increased the opacity of the 200-MA (my favorite resistance MA) in this chart for clarity. There’s nothing actionable here until BTC demonstrates strength by breaking above this resistance and the downtrend line.

Image

Bitcoin Cooling Off: Hold for 100K or Take Profits?

The Bitcoin enthusiasm seems to fade out recently after it hits $92000. ----------- Is the pullback over or not? When will Bitcoin hit $100,000? Will you take profits now or hold until $100k?

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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BTC via <a data-mention-id=\"IBIT\" class=\"teditor-mention\" data-mention-name=\"iShares Bitcoin Trust\" href=\"https://ttm.financial/S/IBIT\">$iShares Bitcoin Trust(IBIT)$</a>  on 26/9 move out of channel and 200-MA, 7/10 intraday stop on  <a data-mention-id=\"BLOK\" class=\"teditor-mention\" data-mention-name=\"Amplify Transformational Data Sharing ETF\" href=\"https://ttm.financial/S/BLOK\">$Amplify Transformational Data Sharing ETF(BLOK)$</a> and <a data-mention-id=\"DAPP\" class=\"teditor-mention\" data-mention-name=\"VanEck Digital Transformation ETF\" href=\"https://ttm.financial/S/DAPP\">$VanEck Digital Transformation ETF(DAPP)$</a> (consolidated as a single trade for liquidity) from attempt of follow through from 4/10 undercut and reclaim of 10-MA and BTC re-attempt to push out of 200-MA. On hindsight, the best trade in the space is  <a data-mention-id=\"MSTR\" class=\"teditor-mention\" data-mention-name=\"MicroStrategy\" href=\"https://ttm.financial/S/MSTR\">$MicroStrategy(MSTR)$</a> on 19/9 push out of 50-MA, or you'll be chasing the profits with a skewed risk-reward after. It is the only name that worked.</p><p>The reality of trading is that, no matter how much you stack the odds in your favor, you must accept that the near term future is always uncertain. However, when an optimal risk-reward setup appears on the chart, we need to execute trades in a quantifiable manner that has a positive expected value (EV) based on our own trading data.</p><p>I’ve increased the opacity of the 200-MA (my favorite resistance MA) in this chart for clarity. There’s nothing actionable here until BTC demonstrates strength by breaking above this resistance and the downtrend line.</p><p class=\"t-img-caption\"><img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/5f8297efc55e5b883b3f535ab06b18f9\" tg-width=\"1634\" tg-height=\"961\"><span>Image</span></p></body></html>","htmlText":"<html><head></head><body><p>I have several stop losses attempt in this space in the last 2 weeks . BTC via <a data-mention-id=\"IBIT\" class=\"teditor-mention\" data-mention-name=\"iShares Bitcoin Trust\" href=\"https://ttm.financial/S/IBIT\">$iShares Bitcoin Trust(IBIT)$</a>  on 26/9 move out of channel and 200-MA, 7/10 intraday stop on  <a data-mention-id=\"BLOK\" class=\"teditor-mention\" data-mention-name=\"Amplify Transformational Data Sharing ETF\" href=\"https://ttm.financial/S/BLOK\">$Amplify Transformational Data Sharing ETF(BLOK)$</a> and <a data-mention-id=\"DAPP\" class=\"teditor-mention\" data-mention-name=\"VanEck Digital Transformation ETF\" href=\"https://ttm.financial/S/DAPP\">$VanEck Digital Transformation ETF(DAPP)$</a> (consolidated as a single trade for liquidity) from attempt of follow through from 4/10 undercut and reclaim of 10-MA and BTC re-attempt to push out of 200-MA. On hindsight, the best trade in the space is  <a data-mention-id=\"MSTR\" class=\"teditor-mention\" data-mention-name=\"MicroStrategy\" href=\"https://ttm.financial/S/MSTR\">$MicroStrategy(MSTR)$</a> on 19/9 push out of 50-MA, or you'll be chasing the profits with a skewed risk-reward after. It is the only name that worked.</p><p>The reality of trading is that, no matter how much you stack the odds in your favor, you must accept that the near term future is always uncertain. However, when an optimal risk-reward setup appears on the chart, we need to execute trades in a quantifiable manner that has a positive expected value (EV) based on our own trading data.</p><p>I’ve increased the opacity of the 200-MA (my favorite resistance MA) in this chart for clarity. There’s nothing actionable here until BTC demonstrates strength by breaking above this resistance and the downtrend line.</p><p class=\"t-img-caption\"><img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/5f8297efc55e5b883b3f535ab06b18f9\" tg-width=\"1634\" tg-height=\"961\"><span>Image</span></p></body></html>","text":"I have several stop losses attempt in this space in the last 2 weeks . BTC via $iShares Bitcoin Trust(IBIT)$ on 26/9 move out of channel and 200-MA, 7/10 intraday stop on $Amplify Transformational Data Sharing ETF(BLOK)$ and $VanEck Digital Transformation ETF(DAPP)$ (consolidated as a single trade for liquidity) from attempt of follow through from 4/10 undercut and reclaim of 10-MA and BTC re-attempt to push out of 200-MA. On hindsight, the best trade in the space is $MicroStrategy(MSTR)$ on 19/9 push out of 50-MA, or you'll be chasing the profits with a skewed risk-reward after. It is the only name that worked. The reality of trading is that, no matter how much you stack the odds in your favor, you must accept that the near term future is always uncertain. However, when an optimal risk-reward setup appears on the chart, we need to execute trades in a quantifiable manner that has a positive expected value (EV) based on our own trading data. I’ve increased the opacity of the 200-MA (my favorite resistance MA) in this chart for clarity. There’s nothing actionable here until BTC demonstrates strength by breaking above this resistance and the downtrend line. 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