Welcome to my live trading session on Bitcoin (BTCUSD).
Here, I actively trade Crypto, Gold, and Forex, while also sharing valuable insights on trading topics such as risk management, trader psychology, and strategic planning — particularly helpful for beginners looking to build a solid foundation.
Market Overview
On Tuesday, BTC/USD reached a high of 111,800 and a low of 107,443, closing with a bullish candle. Last week’s candle was bearish, with a high of 113,689, low of 107,354 and a weekly close at 109,114.
Daily Change: approximately –0.04%
Monthly Change: down from a recent high near $124K; slipping modestly over late August.
Yearly Change: up significantly—+20% year-to-date.
Recent Action: No sustained follow-through from the August highs; price now consolidates near $110K–$113K.
Resistance Levels:
$113K–$114K → ceiling in recent attempts, intraday high around $113.4K.
$120K → psychological magnet and prior all-time high zone.
$124K–$125K → record highs of August; breakout zone to watch.
Support Levels:
$110K → immediate intraday and psychological support; holding steady.
$109K → identified as a critical short-term threshold by analysts.
Momentum & Chart Patterns:
A bull-flag continuation setup emerged after the $123K peak; breakout into mid-$116K range suggests resumed upside bias. The 50-day SMA (~$113K) now acts as dynamic support.
Institutional outflows—such as through ETF accumulation and reduced exchange supply—are lending structural support, even as volatility remains contained.
A Word for New Traders
If you’re just starting out in Forex trading, your first goal should be capital preservation — protect your money. Once you master that, focus on consistent profit generation. Only after gaining the skill to earn consistently should you aim for larger financial goals, such as wealth-building. Skipping these steps and chasing riches from the start often leads to failure.
The Reality of Forex Trading
Forex is inherently unpredictable — no strategy is 100% foolproof. The pillars of my success lie in disciplined risk management, emotional control, and mental resilience. I may incur losses during a session or a day, but rarely over a week or month. That’s the rhythm of a real trader’s journey, and it’s what makes Forex trading so fascinating.
My Trading Strategy
1. Semi-Automated Trading Approach
Emotions can be a trader’s biggest enemy, especially in volatile markets. To overcome this, I use a hybrid trading method combining manual inputs with my Expert Advisor (EA).
• This EA is designed to identify opportunities in both trending and ranging markets, using real-time fundamentals rather than static technical analysis.
• It places trades in both Buy and Sell directions as per market conditions.
• The EA manages Take Profit (TP), Stop Loss (SL), and Breakeven settings, significantly reducing my manual workload.
• I continuously enhance the EA to adapt and improve its efficiency.
2. Trading Across All Sessions
While trading volume peaks during the New York session and overlaps, I monitor the markets 24/5. Valuable trade opportunities can emerge at any time, so I stay engaged throughout all sessions.
3. Stacking Multiple Entries in the Same Direction
When I identify a solid setup, I open multiple positions with identical Lot Sizes and Stop Losses, but with staggered Take Profits.
• One of these trades may have an open TP to capture extended moves.
• While some SLs may hit consecutively, my overall profits outweigh the losses — this is the core of my profitability model.
4. Using Breakeven After Partial Profit
Once one or two TPs hit, I move the SL of the remaining positions to Breakeven to lock in safety.
• Occasionally, price may retrace to the entry point and stop me out at breakeven before continuing in my favor.
• In such cases, I avoid re-entering in the same direction immediately. I prefer to wait — sometimes for hours — until a valid setup appears in the opposite direction, then I take my next trade.
This approach allows me to remain consistent, controlled, and adaptive — qualities every trader should strive for in this ever-changing market environment.
Disclaimer! All sharing of live BTC, Gold and Forex trading is for learning and educational purposes only and is not a financial advice. Everyone is responsible for his own decisions. However, risk management should be your top priority, as trading is a risky business.
#BTCUSD #crypto #cryptotrading #technicalanalysis #livetrading #coins