BTC/USD Trading Journal

I'm going to focus on two setup types that I like.

1/ Head & Shoulder Patterns
2/ Price Spikes

I'll be documenting my trades here.

Price Spike Trade

Yesterday PM, BTC/USD spiked up then had 100% retrace.
If I were selling the spike, my Stop Loss would be set or moved at the blue lines as price came down.

I'm expecting price to rally back up, taking those levels out, maybe reaching the high?
Lets watch & see.

Points of Interest:

1/ 3 swings up after the breakout of 6875 (Idea: Exit on 3rd swing?)
2/ 2 of my SL levels take out
3/ Takes out any break-even Stop Loss on Long



Notes on trade:

a) Anticipating the higher breakout of price consolidation worked on this trade, entering at 6822 on the lower level.
b) Exit & market price 6887 was 173 pips under the high.

Potential for Short trades off levels as well?!?
Need to work on risk v reward.

H&S pattern on 1Hr & again (fractal) on 15min

Short from 6900
TP 6510
SL 7060

Covered at break even, free shot!

Target hit!

H&S setup.
Target IRO 6900, where MA is moving up

Entering now when price is at 7032.

Loss taken on that trade

Long BTC/USD from 9503.
Targets of 9780, 9932 & final leg to 10866

Target 1 & 2 hit.
One more left in, stop moved to b/e

Looking at a short if price close under 9540, last weeks Mid Point.
Possible H&S forming

At the moment its above 200EMA on 30min, so looking bullish

Sold BTC/USD @ 9530

Stop hit @ 9707