After analyzing FIL's short-term market trend last night, I concluded that it was bullish, which was confirmed by subsequent price action. However, after waking up, I observed signs of stagnation and immediately exited my position, along with my previous ETH position
After analyzing FIL's short-term market trend last night, I concluded that it was bullish, which was confirmed by subsequent price action. However, after waking up, I observed signs of stagnation and immediately exited my position, along with my previous ETH position.
This concludes the 11-day short-term trading cycle. Let's review the results over this period:
- Total trades: 11
- Medium-term trades: 1 (excluded from review)
- Short-term trades: 10
- Incorrect trades: 2
- Correct trades: 8
- Accuracy rate: 80%
- Overall profit: 38.6%
I am satisfied with the results of these short-term trades.
March has come to an end, providing an opportunity to evaluate the month's short-term trading performance.
- Total trades: 31
- Medium-term trades (open positions): 2
- Short-term trades (closed positions): 27
- Incorrect trades: 9
- Correct trades: 18
- Accuracy rate: 66.6%
- Profit: 104.9%
March's short-term trading yielded a significant return, doubling the initial investment.
Today, April 1st, marks the end of the weekly Bitcoin closing period.
- Last Week: Bitcoin traded within a range of $60,000-$73,666, as predicted. The weekly candle closed slightly positive, indicating strong resistance above current levels.
- Outlook: Bitcoin's weekly trend remains unchanged. We anticipate continued sideways movement within the established trading range.
4-Hour Bitcoin Analysis
- Overview: Bitcoin's 4-hour chart currently forms a rectangle pattern within a sideways trading zone. This pattern is attractive for traders who specialize in range-bound strategies.
- Strategy: Buy signals should be observed at the lower boundary of the rectangle, while sell signals can be identified at the upper boundary. However, I prefer to focus on trend-following trades.
- Current Trend: Bitcoin is consolidating after a recent uptrend. Buy signals will be sought near support levels, while sell signals will be anticipated near resistance levels.
- Caution: While pullbacks may occur, I recommend against shorting or trading against the trend.
BTC 4-Hour Chart:
Bitcoin is approaching support levels. A bullish reversal signal will indicate the entry point for a potential upswing. Without a clear buy signal, entry should be avoided.
Important Note:
The analysis provided represents my personal perspective and should not be construed as investment advice. If you find this content helpful, please consider following for future insights.
Disclaimer: The content of this article is sourced from the internet. The copyright of the text, images, and other materials belongs to the original author. The platform reprints the materials for the purpose of conveying more information. The content of the article is for reference and learning only, and should not be used for commercial purposes. If it infringes on your legitimate rights and interests, please contact us promptly and we will handle it as soon as possible! We respect copyright and are committed to protecting it. Thank you for sharing.(Email:[email protected])
