Ikhtiar Trading Jurnal

Today I attempted to buy GBPJPY with a stop-loss order placed at 202.16 and a take-profit order at 202.98. GBPJPY on the M15 timeframe. A closer look reveals that the current price movement is transitioning from a downtrend to a potential reversal, or at least an upward correction, whose strength is being tested. The price is now above the 200-day Moving Average (MA). This indicates that the dominant selling pressure from the previous period is easing, and buyers are beginning to show their strength. However, since the current price movement hasn't strayed far from the MA, it can be concluded that the upward momentum is still in its early stages and has not yet fully stabilized.

My open buy position on GBPJPY hit my stop-loss, resulting in a loss of $2.47. GBPJPY is currently moving above the 200-day moving average (MA200) on the 15-month timeframe and is attempting to reach the resistance area at 202.90. I believe GBPJPY will continue to rise on Monday.

Today I tried to buy Bitcoin with a stop-loss order placed at 109642.43 and a take-profit order at 110856.55. Bitcoin on the M15 timeframe: After breaking through the moving average, the price movement appears to be stabilizing above that line, with several pullbacks held around the red line. This indicates that this area is now functioning as a fairly strong dynamic support area. When the price is able to stay above the moving average for a significant period, it indicates that buying power is beginning to dominate the market. However, there is no strong push to continue the uptrend aggressively, as the price is still moving within a narrow range, or sideways, between relatively clear support and resistance levels.

Today I attempted to buy Ethereum with a stop-loss at 3840.05 and a take-profit at 3909.61. Ethereum on the M15 timeframe: When the price began to approach and eventually break through the moving average line, it was an important signal that buyer momentum was emerging. However, after the initial breakout, the price was unable to immediately rise significantly. In fact, the price re-touched or even broke below the red line several times. This pattern indicates that the market is still in an accumulation phase, where buyers and sellers are engaged in a tug-of-war. However, the moving average line, which is beginning to curve toward a flat line and then slightly upwards, indicates that the previous downtrend is losing steam.

Today I attempted to buy Cardano with a stop-loss order placed at 0.60241 and a take-profit order at 0.62200. On the M15 timeframe, Cardano's price attempted to break through the moving average, but failed to maintain its resistance and fell back down. This failure indicates that the moving average still serves as a fairly strong dynamic resistance. However, limited selling pressure and a relatively flat price movement indicate that sellers are losing momentum. Small candles with long lower tails indicate buying interest in the lower area, which could be the beginning of strong support before the next upward movement. If a long-bodied bullish candle forms in the next few sessions, breaking through and closing above the red line, the signal for a short-term uptrend reversal will be even stronger.

Today I tried to buy Filecoin with a stop-loss order placed at 1,574 and a take-profit order at 1,787. Filecoin on the M15 timeframe. Looking at the current price, it appears to be in a consolidation phase after a sharp rise. This consolidation phase is a healthy process in a bullish trend, as the market needs to rebalance before continuing to rise further. The small candlesticks that appear indicate that buyers are holding their positions while testing whether buying interest is still strong enough to push the price higher. As long as the price remains above the moving average and does not fall below the nearest support, the potential for an upward movement is still very high.

Today I attempted to buy Chainlink with a stop-loss order placed at 16.85144 and a take-profit order at 17.40285. Chainlink on the M15 timeframe. The current price movement pattern shows that the price is currently testing a minor support area around the buy position line. If this area holds and the price bounces upward, there's a significant chance of a rebound, especially if the next candle closes above the moving average. This scenario often signals the beginning of a short-term uptrend, which can be exploited to capitalize on subsequent price movements. Conversely, if the price breaks through this support with significant selling pressure, a deeper correction is likely, leading to the predetermined stop-loss level.

Today I tried to buy Bitcoin with a stop-loss order placed at 109642.43 and a take-profit order at 110856.55. Bitcoin on the M15 timeframe: After breaking through the moving average, the price movement appears to be stabilizing above that line, with several pullbacks held around the red line. This indicates that this area is now functioning as a fairly strong dynamic support area. When the price is able to stay above the moving average for a significant period, it indicates that buying power is beginning to dominate the market. However, there is no strong push to continue the uptrend aggressively, as the price is still moving within a narrow range, or sideways, between relatively clear support and resistance levels.

My open buy position on Bitcoin hit the take profit mark, resulting in a profit of $35.05. Bitcoin briefly rose to 11117454.75 on the M15 timeframe, but now appears to be falling, breaking through the 200-day moving average (MA200). I believe Bitcoin is likely to fall further today.

Today I attempted to buy Ethereum with a stop-loss at 3840.05 and a take-profit at 3909.61. Ethereum on the M15 timeframe: When the price began to approach and eventually break through the moving average line, it was an important signal that buyer momentum was emerging. However, after the initial breakout, the price was unable to immediately rise significantly. In fact, the price re-touched or even broke below the red line several times. This pattern indicates that the market is still in an accumulation phase, where buyers and sellers are engaged in a tug-of-war. However, the moving average line, which is beginning to curve toward a flat line and then slightly upwards, indicates that the previous downtrend is losing steam.

My open buy position on Ethereum hit the take profit, earning me a profit of $1.78. If I look closely at the pattern formed by Ethereum on the M15 timeframe, it appears to be moving below the 200-day moving average (MA200). Although I've tried to rebound several times, I've always failed. I believe Ethereum will likely decline today, and we can look for selling opportunities.