Ikhtiar Trading Jurnal

Today I attempted to sell Bitcoin with a stop-loss order placed at 97260.12 and a take-profit order at 94997.95. Bitcoin, on the M15 timeframe, appears to be in a fairly prolonged sideways phase. After experiencing a sharp decline, the price rebounded but failed to break through the resistance area that had previously served as a selling point. This sideways pattern indicates that market participants are in a phase of uncertainty. Selling pressure is still felt, but buyers' efforts to push the price up are not yet strong enough. This condition often signals that the market is preparing for the next major movement, either continuing the trend or reversing. However, considering the context of the still-dominant main trend, the potential for further decline is still slightly stronger than a rapid reversal.

Today I attempted to sell Ethereum with a stop-loss order placed at 3230.46 and a take-profit order at 3098.09. Ethereum on the M15 timeframe: After a significant decline, the price entered a fairly clear consolidation phase. This sideways movement is characterized by a relatively narrow price range, where the market fluctuates within the same limits without any significant changes in character. During this consolidation phase, candlestick patterns often form small spikes, reflecting a slightly indecisive market condition. This phase typically occurs after a major decline, when some market participants adjust their positions or wait for further direction. Interestingly, despite the consolidation, the price failed to approach the moving average line, indicating that bullish pressure remains very limited.

Today I attempted to sell Cardano with a stop-loss order placed at 0.51107 and a take-profit order at 0.49176. Cardano's M15 timeframe shows a strong bearish market structure, as evidenced by the steadily decreasing slope of the moving average and the price consistently moving below it. This indicates that sellers remain dominant, and any price increases are only temporary. This type of movement is common in markets entering an advanced distribution phase, where large market participants gradually unwind their positions, while retail traders often get caught in small price bounces, giving the impression of a market reversal. However, the repeated selling pressure maintains the underlying downward trend.

Today I attempted to sell Filecoin with a stop-loss at 2,091 and a take-profit at 1,986. On the M15 timeframe, Filecoin's price was seen moving below the red moving average (MA) line, which acts as dynamic resistance, so the main signal still points to a decline. Although there were some sharp price spikes at several points, particularly in the middle of the chart, these spikes were unable to sustain the bullish momentum and were again held back near the MA line.

Today I attempted to sell Chainlink with a stop-loss order placed at 14.35755 and a take-profit order at 13.83873. On the M15 timeframe, Chainlink showed a small price spike, indicating buyers' attempt to pull the price out of the pressure. However, this attempt failed again when the price bounced down from the moving average (MA). The bearish candle that appeared after failing to break through the MA indicates that downward pressure is still dominant and buyers have not been able to gain momentum. This is crucial because this phase often indicates that the retracement is only temporary and not part of a real reversal.

Today I attempted to sell Bitcoin with a stop-loss order placed at 97260.12 and a take-profit order at 94997.95. Bitcoin, on the M15 timeframe, appears to be in a fairly prolonged sideways phase. After experiencing a sharp decline, the price rebounded but failed to break through the resistance area that had previously served as a selling point. This sideways pattern indicates that market participants are in a phase of uncertainty. Selling pressure is still felt, but buyers' efforts to push the price up are not yet strong enough. This condition often signals that the market is preparing for the next major movement, either continuing the trend or reversing. However, considering the context of the still-dominant main trend, the potential for further decline is still slightly stronger than a rapid reversal.

My open sell position on Bitcoin hit the take profit, resulting in a profit of $48.30. Looking at Bitcoin's movement on the 15-month timeframe, it's still bearish. This can be seen from Bitcoin's movement, which is still moving below the 200-day moving average (MA200) and there are no signs of buyers returning.

Today, I attempted to sell Riple with a stop-loss order placed at 2.2777 and a take-profit order at 2.1911. Riple's M15 timeframe shows a long-term weakening trend, with a market structure consistently forming lower highs and lower lows. The downtrend is clearly visible, as the price consistently moves below the red moving average line. This line shows the main trend sloping downward, indicating strong selling pressure and no clear signs of buyers taking over. This suggests the market remains in a bearish phase, and any price increases so far have been minor retracements that have not yet been able to disrupt the main trend.

My open sell position on Ripple hit the take profit level, resulting in a profit of $18.55. Riple is likely to continue falling on the 15-month timeframe, as it is currently moving above the 200-day moving average (MA200). However, if Riple rises and breaks through the 200-day moving average (MA200), it will likely rise, and we can look for buying opportunities.

Today I tried to buy Dogecoin with a stop-loss order at 0.16077 and a take-profit order at 0.16602. Dogecoin on the M15 timeframe. In the middle of the chart, the price can be seen fluctuating within a relatively narrow range. This indicates a consolidation phase, where buyers try to push the price higher, but sellers are still able to hold off any gains. This consolidation phase usually indicates that the market is gathering energy before continuing its next move. However, without a strong breakout, the next direction of movement remains uncertain.

My open buy position on Doge hit my stop-loss, resulting in a loss of $10.75. Doge appears to be trading sideways on the M15 timeframe, but I believe it will continue to rise in the short term, as I've observed it is currently moving above the M200 timeframe and has formed a new demand area.