[Trading Journal] Bitcoin (BTC) Long Position Review: Perfect Entry, Failed Emotion Control

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Hello! This is WBT from the Chartinfo team.

Today, let's review the Bitcoin (BTC/USD) long position we took on May 19, 2026. This trade gave us a fantastic entry point based on technical analysis, but it ended up being a painful lesson in impulsive trading due to psychological pressure.

#The Perfect Entry Logic: Triple Confluence

We entered this long position at a strong support zone where multiple technical indicators lined up perfectly.

  1. 0.786 Fibonacci retracement level

  2. Strong order block support from the previous upward wave

  3. The lower support trendline of the ascending channel

Seeing these three factors perfectly overlapping (confluence), we expected a strong bounce and entered the trade.


#Trade Details

  • Entry Price: $76,302.46

  • Stop Loss (SL): $74,800

  • Take Profit (TP): $79,400

  • Closing Price: $76,436

  • Risk Management: 2% risk of account balance

#A Painful Mistake: Closing Early Out of Fear

  • Realized Profit: +$1.34

We entered exactly at a great spot, but it ended up being one of our worst trades. Right after we got in, the price started chopping up and down violently (a whipsaw). We got spooked and ended up panic-closing the position right around breakeven at $76,436.

If we had stuck to the analysis, it was an excellent position that we could have easily held up to $77.4k, $78k, and beyond. But we got scared by the short-term noise, lost our cool, and made an impulsive trade that broke our own rules.

👍 What went well: Great technical analysis to spot the multiple confluences and execute a pinpoint entry. 

🤔 What needs improvement: Failing to trust the charts objectively and letting emotions take over during temporary volatility. Better mental management is needed.

Moving forward, our top priority will be trusting our technical edge and keeping our psychology in check so we can let our planned scenarios play out to the end.

#Prop Account Status & Challenge Progress

  • Previous Account Balance: $520.03

  • Current Account Balance: $521.37 (+$1.34)

🚩 Axi Select Challenge Status

  • Current Stage: Stage 1 (Seed phase in progress)

  • Target Progress: 25% complete

It was a disappointing trade, but we successfully protected our capital and are making smooth progress toward the $20,000 funding stage. We will survive in this market and keep grinding our way up.

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