Some cool finally!
It's all in the chart. I'm already shorting *25 leverage on Bitmex :}
I got a small account there.
After we drop I close short and I go long expecting a nice bounce maybe even 5%
After that I don't know what will happen I'll be out.
We're in a 2 hour right now, some consolidation before next drop.
We'll see if the loss of selling momentum is enough to really go up.
But anyway there should at leats be a small bounce.
Even if it bounces hard it doesn't mean we go test the downtrend again just yet.
Maybe what happened with the linear downtrend where we dropped then formed a happens again :)
Or we go down close to 9280.
Sub 9280 I'm shorting with leverage that would be super .
It's possible we stay in the 9280-11788 range a while...
I'll day trade until we either get close to 9280 or over 11788.
Long term trades cannot be opened now as there are no clear signals.
No offense but people making super or super calls for march are clowns or trolls or don't care...
+++ I am not a financial advisor (good luck finding one in crypto). Trade at your own risk +++
11700->11176 = 524$ 4.5%
11339->10821 = 518$ 4.6%
11039->10567 = 472$ 4.3%
This fits with other calculations.
Too lazy to check if volume RSI fits too.
At the very worse 10210 should hold if we go there I buy a shitload, increase my RR.
10210-10400 pretty good buy zone. 10400 not too much thought. Above that better miss out.
My RR would be about 3.
Don't want to get scammed by a quick spike above 10880 then fall isntant thought.
Possible bullish divergence...Playing with fire.
Long is less risky thought.
10300 way better than 10500 I want 10500 to fail and then hard bounce on 10300...
Oh well whatever I'll go to bed now.
Also looking at the 4HR Inside bar that formed.
Made like 70% there's an order to close my 1/5 left is at 80% XD
I must say that 2 hour inside bar bull break was pretty cute. Nice try scamming me.
Bull breaks on a downtrend are worthless...
Anyway, once we go sub 10400 I'm setting a few orders for longs.
Note to self: go move your butt get a second id get verified on Gdax to hold usd not tether.
Ain't it beautiful? 70% XD
But I won't go long unless we go sub 10400 and won't buy alot if we don't get close to 10210 especially if I'm going crazy with leverage.
Let's say you're going with lever risk reward 3 50/50 odds worse case scenario 30% losses 90% wins, lose 10 trades in a row then win 10:
0.7^10*1.9^10 = 0,028 * 613 = 17.3 = 1700% profit in the end. 1000$ ==> 17000.
I guess almost no one has the discipline/lack of caring to follow the plan in this case thought.
Pretty broken lol...
Plus I've had a pretty bad phone for the past week, my S9+ arrives in 2 days, then I'll be able to trade on it.
Setting long orders 10210-10350.
Dropping to 10300 would be a huge opportunity and -normally- tomorrow would be bullish. 5% minimum =>> 125% with 25 leverage :}
pllllllzz panic sell plz whale make it dip I want a boat
We went down to 10400$ actually and my close short target was 10450. Close enough for a safe one. Maybe I should spam "who called it better" XD
Really want to see a last dump today and then tomorrow is a green day.
2 points touched: speculation.
3 points touched: structure is confirmed.
I was busy on the phone on skype and suddenly I look we're down 400...
Spread some buys on Binance 9200-9700
I got Bitmex rekt liquidated lost 2/3 of what I had here "API fail" "Can't login" "System overloaded"...
Guess I can just use liquidation price as my stop loss.
They're criminals and I hate them but all exchanges are.
Can't even place some buys lower there because system still "overloaded"
I'll dance on their graves when they go bankrupt.
Ok I'm done. Bought sold trying to set buy orders again can't. Can't do anything.
Kraken is awful but I can work with them at least. Gave that joke site a chance, it's the worse by far. Really awful.
Target: who tf knows
SL: If we fall under 9280. Heavilly doubt that happens.
If we go sub 9280 it's insta short normally but now with "system overloaded"....
Aaaaah I had no idea it was actually possible to be worse than Kraken...
If Kraken lags I just close at market price doesn't matter that much.
Waiting on Binance to add margin trading, but they have lag issues too.
When IBKR add cryptos???
Lmao all these new TA wannabees with their moon calls "who called it better".
Bunch of clowns...
I know exactly what to do I just have people holding my leg and scam sites not letting me do anything...
When we dropped to 6k region we dropped twice ....
No one wants to talk to me irl now... Funny... They just want to talk the exact moment of the dump not before not for 8 hours I been here, not after.
This is the second time...starting to think people know what I do and are jealous of my success so do it on purpose.. wtf rly... -.-
Damn crypto... Well the best is to set orders in advance not too much lever and set bigger orders lower be rdy for every cases... whatever.
Might miss the window to short on 9280 failure as support.
Either the whales want to profit from the weekly inside bar medium term or monthly long term + make it look like 2014 but this time bear market wo'nt last as long not 2 or 3 years maybe couple of months at best.
Well I was wrong, if that happens the exchanges lock you out and you get fked :)
Too many panic sellers giving traders money and the exchange probably decide they're the ones that should get it all.
I considered shorting at 9700 at the top of that wedge I posted, but didn't have the time.
Would have made a couple of thousands if I didn't go to work today...
I quit as soon as I can... Miss out too much no human being can tolerate that.
- If we lose a support and accelerate down because of FUD news, we won't be able to open shorts. We have to accept that fact. Would be too easy anyway...
- We set orders at support beforehand and use high leverage so we get liquidated if it doesn't move our way which limits our losses. ONLY IF THE BROKER DOESN'T HAVE THE RULE "LOSSES CAN EXCEED DEPOSIT".
- We set fishing orders at the next strong support in case the support doesn't hold.
High leverage there too, not too high not too low. 10 leverage means you can take up to a 10% loss. Spreading the orders downwards lower the buy price and lowers the liquidation price.
- We don't waste time trying to find a good exchange they are all bad.
10210 would have been an easy 4-5% without the FUD news.
Should expect this BS to happen up to a few times every month when people are scared.
Placing opportunistic buy orders around the next strong support cancles that risk.
Don't day trade from work lol. Seriously. it's really dumb. Transform a win into a lose.
Can't believe how much my job set me back.
Anyway now I only swing trade and got a strat to always win so it's all good.
Now that the price stopped moving and there's no more opportunities...
2- The scammers come in
3- Regulators start looking
I don't mind losing small amounts, but I don't want to lose because they do this BS.
I have no idea how no one murders them...
Or forex broker (like etoro, I doubt they are good thought)
The legit stock brokers interactive brokers e-trading etc just offer futures I think contracts for 5 btc and you have to wait 5 weeks before closing it it's now what I want...
There's nothing... Never tried polo actually, but fees seem huge.
Idk maybe they cheat but also really get overloaded... So many noobs want to give me money that I can't take it...
Lost 1/3 my acc on shitmex, I made some back bought 9400 sold 9700 I think lever 25, if we revisit 9300 I all in with lever and on a bounce I make a ton.
Man... If I played more carefully I wouldn't have gotten rekt. I have no idea why I trusted them to let me login ...
Should've listened better to you.