Trade Journal Chronicles

Welcome back to the rollercoaster that is my trade journal! Buckle up, because we’re diving into the nitty-gritty of my latest escapades with large-cap altcoins—XRP and Ether. Here’s the deal: I’m all about transparency since cryptocurrency trading comes with enough mysteries already. Let’s peel back the layers and see what’s cooking!

XRP/BTC: Riding the Wave of Gains

First up, let’s chat about my XRP/BTC trade. I entered at .00002769 Satoshis with my eyes set on some juicy targets. My game plan? Set a target at .00002933 (sats) for a solid 6% gain. Of course, I also aimed for the second target at .00003085 (sats), which is pretty close to a major breakdown zone—ensuring that I was ready to capitalize on resistance flipping. Who needs fancy themes when crypto offers such an engaging plot twist?

Calculating Risks and Rewards

To avoid a panic attack if things went south, I placed a stop-loss at .00002690 (sats) for a modest -2.85% loss. Pro tip: Keep an eye on the risk-to-reward ratio. This nifty tool helps gauge potential profits against probable losses—and for this trade, my ratios looked pretty inviting:

• R1: 2.08
• R2: 4
• Final Target: 6.7

Diving Into the Downtrend

Now, let’s face it: XRP has been on a downward trend for what feels like ages. Think of it as that friend who always shows up late to the party. I publicly noted its behavior on social media—until finally, the candles lit up with a bullish divergence around Sept. 6. Eureka! Time to get my game face on!

Analyzing Entry Points

My strategy called for waiting for a fresh support level to signal my entry. When XRP broke violently through resistance on Sept. 17, the price danced around a bit before making a retreat. A few vibes and some chart wizardry later, I was ready to jump.

Onward to Profits

Fast forward a bit: My first target hit like a champ, so I opted to keep riding the momentum. Closing orders helped me secure a nice 11.4% profit and, eventually, I wrapped things up at a nearby swing high. Always collect the dough before it’s too late, friends!

ETH/BTC: Catching the Train Before It Leaves

Switching lanes to Ether. Entering at .02065 (sats), I had my sights set on the previous swing high of .022229 (sats)—a respectable 7.6% profit if all played out well. A tighter stop loss at .02044 (sats) kept my nerves in check for a .98% loss.

Ether’s Resilient Moves

Ether has been on a wild ride since its peak in January 2018. Thankfully, a head-and-shoulders pattern appeared, signaling a potential reversal. As I dived into various timeframes, my confidence built. And right when it clicked, I played the breakout with the section A of a bullish turn!

Trade Recap: Lessons and Profits

Everything played out well until I saw signs of rejection just below some resistance. I moved my take-profit down a smidge beneath the equilibrium line, and voilà—secured a delightful 6.5% profit. Nothing like a thrilling escape from potential doom!

The Final Word

In the end, trading is all about balance. It’s crucial to record your journey, measure support levels, and learn from your trades. And there you have it, everyone—an inside look at my latest trades and the strategies that steered my decisions. As always, remember to do your own research because this crypto jungle is exciting, but it can also bite!