(11/7/23) Bitcoin has soared over my $1300 level, so I somewhat expect a pull back. Me and a few friends are planning to start up an online business, hopefully if we make some profits I can multiply them with my trading knowledge, and with Bitcoin in such a strong bull run hopefully we can make some soon, and I can invest some real money.
(11/8/23 The pullback happened exactly like I expected and is currently going back up, maybe it will hit a new high. I plan to start day trading bitcoin on a "separate crypto kind of" Its regular bitcoin but instead of buying with USD you buy with tether which is basically a crypto equivalent of USD. (11/9/23) Its slowly going back up to the +$1300 level. While writing this blog I accidentally sold my position at around my +$1000 mark which sucks. But I will stay positive and this could possibly be a good thing as this gives me an excuse to start day trading bitcoin again, and with it being in such a strong bull run I could make some huge profits. Hopefully bitcoin goes down to a support were I can reenter my swing and maybe start a day trade. It is currently going down as you can see in the picture above, and it is nearing the support level at $36800. I will probably put the swing trade on BTCUSDT (bitcoin to tether) and day trade on regular bitcoin (BTCUSD). I went ahead and entered the swing trade with a large stop loss, and I a day trade similar, but with a closer stop loss and a take profit at a 3 to 1 ratio. (11/10/23) For some reason I decided to remove the take profit witch would have made me $300 but instead I lost $150, because the price went up past were my take profit would have been and then reversed hitting my stop loss. I am still in my long trade hopefully it will reverse again and make up the loss.
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AuthorHI, I am Austin sweet a high school student that would like to learn how to trade. Archives
December 2023
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