✍️ Weekly Trade Plan & Recap 17th - 22nd Mar
Profits on APEUSDT and Bitcoin. Plus analysis for the Dollar Index, EUR/USD, USD/CAD, Gold, Silver, Copper, WTI Oil, the S&P 500, Russell 2000, Bitcoin, Bitcoin Cash, Cardano and SushiSwap.
Last Week
Last week, our APE/USDT trade finally hit 2nd target. It’s been a long time coming, but patience paid.
Bitcoin
At the beginning of the week I mentioned Bitcoin may want to test the psychological support area of 70k…
That indeed happened and gave us an opportunity for a long trade.
You can see on the 15 min chart below, things got a little tense when Bitcoin initially bounced at my level and then dropped deeper.
However, the stoploss was well out of the way behind this 15 minute Demand zone (and recent low) and that’s exactly where Bitcoin bounced.
We took 50% profit at the prior high of 73,000 and the remainder was closed at breakeven when Bitcoin turned back down on Thursday.
Other Cryptos traded last week were Bitcoin Cash (breakeven trade), Cardano (ADA/USDT), SushiSwap and Ripple (all in progress). More analysis on these later in the newsletter.
Copper
We’ve been raving about Copper in recent months. It was the perfect opportunity for those who had missed the Gold and Silver bull run (note: we didn’t!) to profit from metals.
The original call for Copper was published in the 24th December newsletter here and below is the original chart given to members.
Finally, we saw some progress in the metal and it made a solid impulse through that important Price Pivot Zone of 3.96. Copper closed the week at a very respectable 4.12.
WTI Oil
On March 3rd, I gave this Bull Trap setup to members. We we’re looking for a spike of the $80 level and a drop from there to the bottom of the channel (and further).
As you can see from the current chart below, Oil did drop as low as the mid channel line but turned back up.
In fairness, I did predict WTI would move up in the Substack chat. However this is a swing trade, so I’ll continue to hold and we’ll see if Supply can send it back down.
Next for members, we’ll cover the full analysis for the Dollar Index, EUR/USD, USD/CAD, Gold, Silver, Copper, WTI Oil, the S&P 500, Russell 2000, Bitcoin, Bitcoin Cash, Cardano and SushiSwap 👇🏼👇🏼👇🏼
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