Bitcoin 2021 - 18 Days Lockdown Trading, What I have seen so far

18 thg 1, 2021

BTCUSD

The year 2021 is just 18 days old and a lot of price action happens already around Bitcoin Altcoins and the crypto market.

First of all, I have to say that I am not a professional. I am just an average guy who fell in love with financial markets, trading, and Fintech. (since 2008)

Since the lockdown, I now trade daily instead of part-time, and Bitcoin, or Big Trader Coin as I call it, has surprisingly helped me to improve my trading skills. However, I still have to work a lot on the psychological part.

This is for entertainment purposes only and I just want to share what I have seen and what I have traded since then. (Maybe it will help someone)

Best trades:

(2020) Long @25k close 32k
Short @33.3k close 30K (H&S)

Long @30.4K close 40k
Long @36.6 close 41.7K (knife catching)

Then I saw the giant rising wedge on the chart and I started overtrading instead of just placing the trade, so impatient and inconsistent with my trading style that I almost screwed it up (hard to believe)

Short @40.4K close 33.333$ (WEDGE)
Long @ 31k close 35k
Short 35k close 34k

Short @38k close 35k
Short @37.3 close 34.6
(BEARFRLAGS)

Actually not that bad would not be the moments when the market is only chopping and one should rather not trade.

Worst trades:

41.6K -39.9K $ Area (RED BOX)
35.2K - 33.9K $ Area (GREEN BOX)

These two areas, overtrading and my lack of discipline and knowledge are responsible for the fact that I gave up more than 45% of my profits. (stupid)
funnily enough, however, I am grateful because without these mistakes I would not have gained a lot of knowledge about price action and market structure.

I think that bitcoin will move a little further sideways and I have to take a few days off trading to sort my thoughts.

I'll come back relaxed and prepared don't worry ;)

Cheers! Happy trading!