BTC Daily Report 11/05/19

Education Only;

Indicators on chart:
BB 100 Day 1.15, 0.1 Stdevs (Blue)
BB 200 Day 1.15, 0.1 Stdevs (Orange)
BB 200 4H 1.15 Stdev (Green)
BB 100 4H 1.15 Stdev (Red)

BTC Daily Report

Date/Time: Tues Nov 5, 2019; 10am
Balance: XXXX, RPNL: +XXXX (+58%), UPNL: +XXXX (+13%)

Open Positions:
XBTH20 +XXXX @ 9340, Margin: 2.5%, Risk: 5%;
XBTZ19 -XXXX @ 9772, Margin: 2.5%, Risk: 5%;
Net Neutral;

WEEK
S. Range: 8300 – 10700 / 9500
M. Range: 4300 – 11000 / 7700
CCI: Positive with Roll Up
WAVEPM: 0.48, 0.61, 0.48, 0.59
Upper: 11000
Lower: 7700
Trend: Neutral
Active MR: None

DAY
S. Range: 8300 – 9750 / 9000
M. Range: 8300 – 10900 / 9575
CCI: Slight Positive
WAVEPM: 0.86, 0.70, 0.71, 0.60
Upper: 11150
Lower: 8300
Trend: Neutral
Active MR: Down, Period: 14, MA: 9000, Upper: 9750, WavePM: 0.86, Lateral

4H
S. Range: 9175 – 9375 / 9275
M. Range: 8025 – 9600 / 8800
CCI: Strong Positive
WAVEPM: 0.30, 0.20, 0.85, 0.75
Upper: 9600
Lower: 8025
Trend: Up on 200, WavePM: 0.75
Active MR: Down, Period: 100, MA: 8800, Upper: 9600, WavePM: 0.85, Lateral

BUYS
1) 9126 – 9156 2) 8300

SELLS
1) 9573 2) 10900 - 11150

>>> NOTES

Strategy
Compression/Range

Mean Reversion
Lateral MR completing within a few days;

Technical Analysis
Key Levels: 100 D MA (9575) resistance; 200 D MA (9100) support; 200 4H Upper 1.15 band (9185) support;
Forming Bullish Shelf or Bearish Bart wedged between key levels;
200 4H Upper band leading weak up-trend (Upper: 9185, WavePM: 0.75);
Compression likely for 1 – 4 weeks;

Fundamental Analysis
Neutral;
NVT Bullish but already flashing red. Up-trend possible but new network activity not keeping pace with price;

Notes On Open Positions
Nailed the short on XBTZ19 at the top of range yesterday and quickly took profit as price immediately returned to bottom range. Missed the buy at the bottom though. Took my buy order off the table because the flash crash on CME futures spooked me in the moment. Oh well. Net neutral position now, waiting for optimal entries.

Take Profit
Upside: 9573
Downside: 9206

New Executions
XBTH20 Market Sell -XXXX @: 9908, TP 25% of position
XBTZ19 Limit Sell -XXXX @ 9723, Open
XBTZ19 Limit Sell -XXXX @ 9823, Open
XBTH20 Market Sell -XXXX @ 9836.5, TP 12.5% of position
XBTZ19 Market Buy +XXXX @ 9389, TP 75% of position