Been a while since I posted about shorting up at swing high (7700-7800), was 100% sure the price would go up in the 7000's... This joke is just so predictable...
Anyhow, it's all pretty straightforward, just rince and repeat, take your quick 500-5000 and move on.
Crypto easy way for small accounts to grow. (Anything under 500k is small account).
Imo best is to scale, but that's just me, I like to have consistant profit. It I all in and it retraces far from my entry I make less, if it retarces close to my entry I make more, I rather not have any rng and scale so my profit is always really close to my average profit.
Yeeaah there is a tiny chance it does not retrace. But it always does. W/e.
Let's all shill crypto to help delusional bulls buy & not sell till 7800.
I know there are alone of lines and it's hard to see anything. Deal with it. :p
Later I have to post bitmex chart anyway as this is where I will trade, it will be cleaner.
Anyhow, it's all pretty straightforward, just rince and repeat, take your quick 500-5000 and move on.
Crypto easy way for small accounts to grow. (Anything under 500k is small account).
Imo best is to scale, but that's just me, I like to have consistant profit. It I all in and it retraces far from my entry I make less, if it retarces close to my entry I make more, I rather not have any rng and scale so my profit is always really close to my average profit.
Yeeaah there is a tiny chance it does not retrace. But it always does. W/e.
Let's all shill crypto to help delusional bulls buy & not sell till 7800.
I know there are alone of lines and it's hard to see anything. Deal with it. :p
Later I have to post bitmex chart anyway as this is where I will trade, it will be cleaner.
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A word of caution: on the daily chart the trend is not clearly bearish anymore, neither bullish. Be prepared to close rapidely.
It can all happen really fast check this:
It can all happen really fast check this:
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Getting close....
A little reminder while we wait to get filled.
A little reminder while we wait to get filled.
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It is possible the swing high got hella overcut by people with too low IQ to make money elsewhere. Rofl, Bitcoin is only 1 of 30 charts I watch, like I give a fuck.
Got lucky & bought into the ponzi early, now want to unload as much as they can.
Got lucky & bought into the ponzi early, now want to unload as much as they can.
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Ok day closes in 3 hours I think, if it closes above the trendline we bullish, alot of fools will fall for it, easilly get filled around 8000$
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RSI getting to 70, top rounding up, maybe get a daily inside bar then bull break run hard into resistance and reverse, this has worked since 2011 but keep in mind I will be taking that trade so it will probably not work out as my bad karma will be applied ;)
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Trade active:
Daily IB bull break with no follow up as expected I think I posted it in a general idea not just crypto the weekly one, got filled on 7650 & 7700 on mex normally.
Got plenty more orders spread 7750 -8050 & I have to set orders above that too later.
Got plenty more orders spread 7750 -8050 & I have to set orders above that too later.
Comment:
IT IS DROPPING TOO FAST I DONT WANT TO TA AND TP FROM MY PHONE WHAT DO I DO?
I DONT EVEN KNOW MY SIZE.
3K? 5K? 8K? WHO KNOWS
I DONT EVEN KNOW MY SIZE.
3K? 5K? 8K? WHO KNOWS
Comment:
Damn...got rly close to a big order.
Going to regret spreading...
Crypto is dumb basic short at resistance always works.... why do I even bother...
Going to regret spreading...
Crypto is dumb basic short at resistance always works.... why do I even bother...
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Should had just shorted 50k on 7700 and whatever.
Every time I am careful and just miss out.
Every time I am careful and just miss out.
Trade active:
Took profit 30% at 7300.
Filthy eager sellers overcutting resistance even when we are not in a downtrend on the daily.
Goodluck with your bull market bagHODLers :)
Filthy eager sellers overcutting resistance even when we are not in a downtrend on the daily.
Goodluck with your bull market bagHODLers :)
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I called the top with 50$ accuracy, that was really hard, who is the master who called it better? WHO?
I am so dumb I think I actually did something special. Cringe.
I am so dumb I think I actually did something special. Cringe.
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Ah dear crypto, how else to scalp 5% in less than 2 hours?
Trendline fails, price falls to 6800 imo
THIS trendline:
Trendline fails, price falls to 6800 imo
THIS trendline:
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Just going to close my short on 6866$ which is a 10% profit almost exactly for me.
And going long there too because why not? Not really long but close all my bitmex position and not hedge my bitcoin. So technically long on BTC.
And going long there too because why not? Not really long but close all my bitmex position and not hedge my bitcoin. So technically long on BTC.
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Watch out if 7250 is lost there is no support so high odds of falling as fast as it went up.
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Literally 30 seconds after my update falls lol.
Come on let's goto 6800 quickly I don't have all day. Night.
Come on let's goto 6800 quickly I don't have all day. Night.
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Tbh I think it is going to recover a bit scam style and take FOREVER to move next...
Same cancer as usual...
idiots keep falling for it so...
Same cancer as usual...
idiots keep falling for it so...
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Remember when I said each bounce was weaker and weaker?
Here is what I hope happens (if we don't get the first uptrend of 2018 as I think is possible): we goup back to ~7800 even 8000 but with bearish divergence, I short it big! It falls to 5000$
Right now the retrace has more odds of being small than big.
Probably there will be 10 days of sideways before BTC next move.
People are in uncertainty and think "this is a sucker's rally" I can 100% guarentee.
An uptrend can appear, but it will take time to get people to start buying and it will start shy. Crypto investors are pretty dumb, so once they get hyped and the trend gets going, it can spike suddenly. Once it reverses and they feel stupid and "not again" it can also drop fast.
Let's take a look at 2014
Look at it, the lower lows lower high look the same, so people want to do fractals, but it is very different.
In 2014 for 5 months there was nothing but selling, we were below the daily moving averages 5 months! And just going down and down and down. So of course at some point the bulls came back with a vengeance.
But now in 2018 you can see there were plenty of moves above the MA's & some mini uptrends. The "never give up Bitcoin always go up" bulls have been active all year, there have not been silent like last time so there are not going to come back full force with a vengeance.
Oh and also, in 2014 bulls still had money to buy/waste, but in 2018 they have no money left I took it all :) (each time they bought during bull traps).
The few moves up in 2014 were only oversold bounces that were very short lived, not crypto "investors" buying for weeks at all like we had in April for example.
Here is what I hope happens (if we don't get the first uptrend of 2018 as I think is possible): we goup back to ~7800 even 8000 but with bearish divergence, I short it big! It falls to 5000$
Right now the retrace has more odds of being small than big.
Probably there will be 10 days of sideways before BTC next move.
People are in uncertainty and think "this is a sucker's rally" I can 100% guarentee.
An uptrend can appear, but it will take time to get people to start buying and it will start shy. Crypto investors are pretty dumb, so once they get hyped and the trend gets going, it can spike suddenly. Once it reverses and they feel stupid and "not again" it can also drop fast.
Let's take a look at 2014
Look at it, the lower lows lower high look the same, so people want to do fractals, but it is very different.
In 2014 for 5 months there was nothing but selling, we were below the daily moving averages 5 months! And just going down and down and down. So of course at some point the bulls came back with a vengeance.
But now in 2018 you can see there were plenty of moves above the MA's & some mini uptrends. The "never give up Bitcoin always go up" bulls have been active all year, there have not been silent like last time so there are not going to come back full force with a vengeance.
Oh and also, in 2014 bulls still had money to buy/waste, but in 2018 they have no money left I took it all :) (each time they bought during bull traps).
The few moves up in 2014 were only oversold bounces that were very short lived, not crypto "investors" buying for weeks at all like we had in April for example.
Comment:
Bears don't worry, there is still wave (5) going up normally, it will take time and be slow but we will get a shot at shorting somewhere for sure.
If we get the same thing we had in early May, that would be a gift!
That would be great. Short 10.000 every 1% ?
If we get the same thing we had in early May, that would be a gift!
That would be great. Short 10.000 every 1% ?
Trade closed: stop reached:
That pump is enough for me. I still am short for about 50-75% af my Bitmex account, don't want to have too much exposure.
Lol feels funny to see that little account grow.
Just waiting for next level now.
Lol feels funny to see that little account grow.
Just waiting for next level now.
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Ye whatever just going to post here how exactly I will short it.
Sure I won't forget like this. Going against a big bull break I don't even care I know no fear, no that's not it I really actually don't care.
Sure I won't forget like this. Going against a big bull break I don't even care I know no fear, no that's not it I really actually don't care.
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:)
Probably that was the top.
Price getting hardcore overcut by traders married to this market once again.
Dumb...
Idk it is just so idiotic to overcut levels this much. Hf taking big losses? Or getting stop lossed before reversal.
Crypto, the space where traders that don't sell at the bottom STILL sell at the bottom.
Price went to 8500$ where I had a short order, but not on bitmex it didn't. mm mmm.
Well it might go up further maybe that was a mini drop we will see.
I bet it was not thought.
There are 2 possibilities:
- Traders all ran to crypto during the bubble peak, when volatility was crazy, and making money was oh so easy. Now they can't let go.
- Nothing is really happening in FX only maybe a few uncertain very short term trends and stocks are not 24/5 worldwide and just not as interesting imo for the impatient (such as me), so every one looks at crypto which is kinda all we have left right now.
Probably that was the top.
Price getting hardcore overcut by traders married to this market once again.
Dumb...
Idk it is just so idiotic to overcut levels this much. Hf taking big losses? Or getting stop lossed before reversal.
Crypto, the space where traders that don't sell at the bottom STILL sell at the bottom.
Price went to 8500$ where I had a short order, but not on bitmex it didn't. mm mmm.
Well it might go up further maybe that was a mini drop we will see.
I bet it was not thought.
There are 2 possibilities:
- Traders all ran to crypto during the bubble peak, when volatility was crazy, and making money was oh so easy. Now they can't let go.
- Nothing is really happening in FX only maybe a few uncertain very short term trends and stocks are not 24/5 worldwide and just not as interesting imo for the impatient (such as me), so every one looks at crypto which is kinda all we have left right now.
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Looking at it objectively, right now crypto compared to Forex is:
Much less good risk to reward, so profitability is not as good.
Odds are the same or less good.
It is simply much less interesting.
Only reason to look at it is FX every thing is sideways... literally EVERYthing.
Sure eurodollar had a little move:
But zooming out it is clearly choppy.
Maybe I need to learn to trade consolidation?
Here is an educative webpage on that. It really does not seem that good to me.
www.learntotradethem...ing-sideways-markets
The tighter it gets the more it is going to explode and you could end with something like this little cutie:
Mmmm the EURCHF "tsunami". Tsunami'd the hell out of retail traders account and even some institutions I heard. Should have warren buffeted it (sit on cash wait).
Rofl I rather preserve capital as they say.
Much less good risk to reward, so profitability is not as good.
Odds are the same or less good.
It is simply much less interesting.
Only reason to look at it is FX every thing is sideways... literally EVERYthing.
Sure eurodollar had a little move:
But zooming out it is clearly choppy.
Maybe I need to learn to trade consolidation?
Here is an educative webpage on that. It really does not seem that good to me.
www.learntotradethem...ing-sideways-markets
The tighter it gets the more it is going to explode and you could end with something like this little cutie:
Rofl I rather preserve capital as they say.
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I knew it. Guarenteed. It just keeps getting overcut more and more.
Normal instruments don't get overcut all the time.
Crypto before the 2017-2018 bubble did not get overcut all the time.
Look, since logically you have to put your SL far away enough from resistance, when it gets way overcut your SL is going to be much much too far.
Trading crypto not worth it.
Make money by looking at what other people like you are no interested in.
Crypto is perfect example: early investors made money by going through all the trouble to buy Bitcoin, when they were not easy to get, and they bought when no one cared at all about them.
Same applies to everything.
Now every one is fighting for the last pieces of meat off the skeleton of a dead animal.
If my SL-Target is going to be twice as big as my target, why tf would I trade crypto?
Make easy money elsewhere while every one stares at the same thing.
Every wall street trader below 35 quitting and running to trade crypto.
Well it won't last forever and you are overdoing it.
It is like the only people left are traders that overtrade and fight to get their trade even at a bad entry.
Basically the time I spent looking at it, pure waste.
I am just backtesting a strategy to join just for a few hours mini trends that last 3-5 days in FX when the couple weeks long trending is flat/flattening
Like this
EURUSD flat for weeks (sideways), but zooming in there are a few trends.
Still better than crypto that gets overcut 193838383737 %
Nothing happening for a whole month but zooming in I am seeing at least 2 high probability profitable trades.
10 leverage 1% = 10%
Levels don't get incredibly overcut.
Simply SUPERIOR to trading crypto.
Normal instruments don't get overcut all the time.
Crypto before the 2017-2018 bubble did not get overcut all the time.
Look, since logically you have to put your SL far away enough from resistance, when it gets way overcut your SL is going to be much much too far.
Trading crypto not worth it.
Make money by looking at what other people like you are no interested in.
Crypto is perfect example: early investors made money by going through all the trouble to buy Bitcoin, when they were not easy to get, and they bought when no one cared at all about them.
Same applies to everything.
Now every one is fighting for the last pieces of meat off the skeleton of a dead animal.
If my SL-Target is going to be twice as big as my target, why tf would I trade crypto?
Make easy money elsewhere while every one stares at the same thing.
Every wall street trader below 35 quitting and running to trade crypto.
Well it won't last forever and you are overdoing it.
It is like the only people left are traders that overtrade and fight to get their trade even at a bad entry.
Basically the time I spent looking at it, pure waste.
I am just backtesting a strategy to join just for a few hours mini trends that last 3-5 days in FX when the couple weeks long trending is flat/flattening
Like this
EURUSD flat for weeks (sideways), but zooming in there are a few trends.
Still better than crypto that gets overcut 193838383737 %
Nothing happening for a whole month but zooming in I am seeing at least 2 high probability profitable trades.
10 leverage 1% = 10%
Levels don't get incredibly overcut.
Simply SUPERIOR to trading crypto.
Comment:
Quick math:
I risk under 3% to make 3.5 to 15 % trading FX & cie
I risk ~5% depending how I spread to make 1 to 10% perhaps 15% if I am lucky trading Bitcoin
Odds are the same.
Which one is better?
What people think or what the majority does matters zero.
Only maths matter.
I risk under 3% to make 3.5 to 15 % trading FX & cie
I risk ~5% depending how I spread to make 1 to 10% perhaps 15% if I am lucky trading Bitcoin
Odds are the same.
Which one is better?
What people think or what the majority does matters zero.
Only maths matter.
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Typical.
Barely missed getting filled.
Crypto just is not interesting.
Too crowded.
Risk is bigger and profit or reward is smaller than anywhere else.
Every one fighting for the last scraps of meat off the chicken carcass when there is a whole farm of them 250 meters away.
Barely missed getting filled.
Crypto just is not interesting.
Too crowded.
Risk is bigger and profit or reward is smaller than anywhere else.
Every one fighting for the last scraps of meat off the chicken carcass when there is a whole farm of them 250 meters away.
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Keep FOMO shorting guys.
Oh you made more money than me, I missed it.
You are true winners, you are the first to finish the race, you get first you walk in front if everyone because you are true winners.
Hey winners, tell me, how much money did you make back in April?
Keep FOMO shorting, you might be able to get back the account you blew :)
I rather make 0% my whole life than -100% within 3 months.
We need the same chart for Bitmex, maybe no one actually shorted that was just bagHODLer break even selling and I am just dreaming :D
Oh you made more money than me, I missed it.
You are true winners, you are the first to finish the race, you get first you walk in front if everyone because you are true winners.
Hey winners, tell me, how much money did you make back in April?
Keep FOMO shorting, you might be able to get back the account you blew :)
I rather make 0% my whole life than -100% within 3 months.
We need the same chart for Bitmex, maybe no one actually shorted that was just bagHODLer break even selling and I am just dreaming :D
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Please do this...
I am too lazy to check if periods where NOTHING moves in the FX market are common & I am TOO DAMN LAZY to do research on stocks.
Someone help :(
TFW you pull all of your money out of crypto and next week everything consolidates, so you cannot even make profit arbitraging alts :)
I am too lazy to check if periods where NOTHING moves in the FX market are common & I am TOO DAMN LAZY to do research on stocks.
Someone help :(
TFW you pull all of your money out of crypto and next week everything consolidates, so you cannot even make profit arbitraging alts :)
etc....
Basically when the general opinion is bullish these levels get respected but price goes above, when general opinion is bearish ,they get overcut.
There is literally ALWAYS ALWAYS ALWAYS a pullback.
If it goes fill my short & I don't win I blame bad luck.
"Here, have some free money"