SteadyCompound

#4 Newsletter: Week 12.11.23 - 19.11.23Updated Fibonacci level to recent top 38001. Signs of Bearish Divergence on RSI, MACD2. 38k was the price when LUNA collapse so expected decent stop-loss, profit-taking hereTrade Ideas1. Short above $37.5 at ½ size (no auto stop – we manage accordingly under $40)2. Always target 0.382 or 0.5 Fibonacci level under 34k, hence around +2 R/R*Just to be clear, I believe this is a start of the bull market and “follow the trend: buy when uptrend, sell when downtrend ” will make our life so much easier i.e less hustle, higher hit rate, even bad entry will become an accumulation. We rather wait for Bullish Divergence entry than Bearish Divergence entryA short for profit is unnecessary, too much work and uncertainty for too little money (small size at best). The point is for me personally to feel the market as I will start buying BTC soon and mostly spread across level and timelineMore interesting opportunities would be on ETH and Alt Market, but1. I’m not a big fan of Alt market now, price can pump 20-40% but can crash the same as quickly and easily. My goal is to establish my exposure into the market for the coming months so I need size, not a profit2. ETH is a better choice consider that it is more fundamental and a benchmark for alt season etc... ETF news would help too. But again, finding an entry on BTC should be my priority now

UPDATED SHORT ENTRY for 3.5 R/R1/2 at 36.8stop at +38 (active after Powell talk to avoid stop out by tails)target remain as previous post 32.8 and 31+Will watching for another 1/2 positionScratched position at 36.6k at time of writing,to enter again around mid 37kStrong move yesterday probably killed both long and short positionsPowell said yesterday that inflation is “well above” where the Fed would like to see it while describing policy as “significantly restrictive.”BTC got sold decent volume at 38k while ETH jumped 12% to hit 2023 high at 2130. So Big caps are playing catch up ? mini alt season ? Likely not much action with BTC toward the end of week, so I'll cover more details in the weekend newsletterShort 1/2 size opened at $37.7This potentially form a double top / wyckoff distribution / or an expanded flat elliot wave correction (wave B of ABC)More details coming in another post

•Updated Fibonacci level to recent top 359841.RSI Bear Divergence appeared on Daily time frame2.MACD Bear Divergence also showed up on Daily time frame, currently print the first red hologram after about 20-days green. Compared to July-Aug price action, BTC may still test a higher range but a short above mid-35k is ideal 3.MACD Bear Divergence appeared. MACD crossed signal line. last time when both RSI and MACD turn bearish, price "corrected" i.e dropped for +1monthsHence, this is a short set up for me1.Sell as high above 35.5k as possible (potentially wait for Powell talk to short the price pump i.e. recently market takes Powell talk positively)2.Stop loss at 5% and target 0.382 level at 32.5k (ideally short at close to 36 at possible to lift stop level at close to 38k at possible) -> if this set up works, this can be a trade for the next month, we don’t want to be stopped out by tailp/s I released on Monday (a day late) as I was travelling and did not have access to my systemShort Entered (1/2 position) at 36.8 for 3.5 R/RCheck my other post for entry

The 4th Bull Run may come earlier than expected ! 1.Halving event has always triggered the bull run. The parabolic move happened about 2-3 months after the halving date 2. A more detailed look into halving phases can be found here in my friend Kinoko Halving Chart. Based on the price moment and the timeline, I believe that we are in Anticipation phase (6 months prior to the Halving date) 3.What different this time is the approval of Bitcoin ETF with Third Deadline in Jan24 and Final Deadline in Mar24 so I expect the Anticipation phase will be very speculative this time 4.Yet I don’t think this is the “buy the rumour, sell the news” type of event because ETF is about mainstream institutions to be LEGALLY join the BTC market, there’s no front-runner, sneaky way around (see the volume and price movement of Gold ETF) 5. Hence, the 4th Bull Run may come early and be much different than before. So #accumulatebtc but don’t #fomo, because more likely than not, we will have good set up to entry (potential shakeout)

SteadyCompound #1 Newsletter: Week 23.10.23 - 29.10.23 Welcome to SteadyCompound 1st Newsletter, A few notes about my approach to nowadays trading - I am a retired trader (2008-2018). I day-traded high frequency time-frame across Stock (2008), Bond Futures (2010), Forex / Gold (2012), Commodity e.g. Brent, Gas (2015) and Crypto (2017) - I turned start-up cofounder (2020) and recently gained financial freedom (2023), which define my approach to now "trading as a hobby": refrain from over-trade and opt for high probability trade only with high R/R, clear indicators and peace of mind - My goal is to steadily compound wealth and accumulate Bitcoin long-term Trade Ideas for Week 23.10.23 - 29.10.23 1. Range has been stable for 6 months within 25K - 31K territory so we can exit our long at high 30k - low 31K 2. Taking Short Position at high 31K e.g 31600 is our SC "SteadyCompound" trade: - short into the down trend / RSI oversold +75 / year-high 31K resistant / low volume spike for 2.7 R/R ratio, targeting above 27K - hard-stop of 5% at right above 33K e.g 33113 (there is another resistant range at 31K - 33K formed during 2021-2022 which possibly allow us to scratch / take small loss on our short position) #steadycompound #financialfreedom #tradingstrategy #systematic #bitcoin p/s repost for Binance Exchange

SteadCompound #1 Newsletter: Week 23.10.23 - 29.10.23 Welcome to SteadyCompound 1st Newsletter, A few notes about my approach to nowadays trading - I am a retired trader (2008-2018). I day-traded high frequency time-frame across Stock (2008), Bond Futures (2010), Forex / Gold (2012), Commodity e.g. Brent, Gas (2015) and Crypto (2017) - I turned start-up cofounder (2020) and recently gained financial freedom (2023), which define my approach to now "trading as a hobby": refrain from over-trade and opt for high probability trade only with high R/R, clear indicators and peace of mind - My goal is to steadily compound wealth and accumulate Bitcoin long-term Trade Ideas for Week 23.10.23 - 29.10.23 1. Range has been stable for 6 months within BTCUSDT 25K - 31K territory so we can exit our long at high $30k - low 31K 2. Taking Short Position at high 31K e.g $31600 is our SC "SteadyCompound" trade: - short into the down trend / RSI oversold +75 / year-high 31K resistant / low volume spike for 2.7 R/R ratio, targeting above 27K - hard-stop of 5% at right above 33K e.g $33113 (there is another resistant range at 31K - 33K formed during 2021-2022 which possibly allow us to scratch / take small loss on our short position) #steadycompound #financialfreedom #tradingstrategy #systematic #bitcoin