Greetings friends and readers. Today we continue the analysis of the Moving Channels strategy.
For those who haven't read the previous article, you can check it here...
1. LTC, #LTC
A very logical and well-performing channel has formed. All my orders, I remind you, I bought at $101, $104, and $107, were closed at $115.1, $115.02, and $116.3.
The estimated profit was about $10 on the invested $100, which is quite good for spot trading.
At $116, the formation of a new channel was completed, and the market gave the opportunity to open a short on the candle of 01.06.2025 at 19:00 at the price of $117.30.
I admit I didn't do this, and it was a big mistake. The channel worked 100% very quickly (in 1 day), today it could already be bought back at $101.
See the picture.
I again entered in steps at $106, $103, $104... I could have waited until Bitcoin dropped to $90,000, but I didn't.
The channel has formed, it may still be slightly adjusted... But I no longer care about that))
2. ETC, #ETC
For ETC, it is almost a similar situation. Head and shoulders, discussed earlier, worked at 90%. We didn't quite reach the level of $29.57, stopping at $29.24; my orders didn't trigger here, but the channel performed as it should, and my orders were closed at $28.26, $28.44. The profit was $6-$8 on the invested $100, which is also quite good.
See the picture.
At the upper boundary, there was also a retest and the opportunity to enter short, but again I didn't do it. Now the channel has formed and is currently at its boundary of $25.1. For those observing the channel operation in real time with me, there is now a buy signal... For those focusing on Bitcoin, it's not at the very bottom yet and may go lower... But according to my strategy, there is a signal, I will open, I won't wait for Bitcoin to reverse, and then we'll see...
I hope I haven't tired you out, if you're interested, like and subscribe..
