My Bitcoin Channel – Purple Crypto’s Dec 2019 & Jan 2020 Winnings

My Bitcoin Channel Analysis

TOTAL JANUARY WINNINGS: 171.6%

Life and people can sometimes get overwhelming. A little break with focus on myself and Purple Crypto Premium was necessary and oh, so worthwhile.

I gave myself a two week ‘Mandatory Time Away’ break at the end of December. But fear not, Purple Crypto Premium was not on leave!

I did occasionally (during boring season) keep track of what the market was up to – a whole lot people of screaming about breaks of their channels, some people screaming about going short while others about going long.

In the meantime, it was fun watching Papa Bear’s movements. If you hadn’t liked the chart below, you would have missed out on the update I posted there where I shared my very own BTC channel last month.

What if it goes down? BTC/USDT Future Projection.

Papa Bear seems to have progressed nicely in that idea, hitting the projections as marked, albeit a little early. Presently, it sits at the top of the projection, and on the chart in this idea, it has hit the top of my channel.

I am one for long on Bitcoin >>for the long-term<< – meaning a minimum of 6 months – while I use its movements to trade other cryptos in the meantime. Until it breaks my channel in this idea, re-tests it and then moves on up forming a new uptrend channel, I am not long-term bullish …at all.

Anyhoo…..what have I been up to at Purple Crypto Premium since I posted my last profit-taking idea in December? Here’s a quick rundown:

December 2019
Trade 1: 25.6% profit so far at current stop loss level
Trade 2: 33.3% at first double profit point with another 8% profit since re-entry
Trade 3: 19.7% profit so far at current stop loss level

January 2020
Trade 4: 27.9% profit so far at current stop loss level
Trade 5: 13.2% profit so far at current stop loss level
Trade 6: 18% profit so far at current stop loss level

February 2020
Trade 7: 5% profit so far at current stop loss level

TOTAL: 142.7% so far

These are all newly opened medium-term trades in the corresponding months. Unfortunately, the charts cannot be shared until the trades are closed.

Most people would say 7 trades are enough for one person, and that is true. Hell, I could probably publish another 10 but I simply don’t see the point of publishing a chart for every bloody crypto pair under the sun! How many trades does one person need to be in if existing trades are all profit-taking? 🙂

But just to spice things up a little (and to prove a point 🙂 ), I dabbled in a couple of short-term trades just for the heck of it.

Theta brought in 16.4% in under a week in December.

THETA/USDT Trade Entry (Closed)

Aaaaand…Waves 12.5% is just 5 days in January.

Waves/USDT Setup (Closed)

TOTAL including short-term trades: 171.6%

Losing Trades: Nil

 

So there you have it…I am still alive, well and kicking.

Share your ideas and comments below. How did you go over the silly season?

Don’t forget to hit the like button!

 

Lehitra’ot…for now.

 

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2 thoughts on “My Bitcoin Channel – Purple Crypto’s Dec 2019 & Jan 2020 Winnings”

  1. I don’t think there has ever been a determining point in Bitcoin’s history more uncertain and gripping than where we are at now.

    It could go either way, ending in doom and gloom or “to the moon”.

    The anticipation could drive the sanest of people crazy. My eyes are peeled. :::)

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