BTC / USD - I WILL NOW CATCH A FALLING KNIFE !!!
Woahwoah what's happening here?! Another huge dip in BTC !!! As you can see, we are having a HUGE bullish divergence on the 4 hour RSI !!! On top of that we have dipped into oversold on the 4 hour RSI for the 4th time on this downtrend, at the same time hitting the 6500 resistance for BTC !!! This is a huge buy signal for me. I'm all in! Looks to me like the whales have driven to price down so they can stock up!! If this receives over 10 likes I will update this post with my next trade! There is a possibility we could dip lower, so I recommend waiting for a confirmed uptick to buy. Somebody has to catch the falling knife; I'm glad to be of service! Good luck and only invest what you can afford to lose. This is not financial advice so be cool sucka!
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I love how ppl are commenting. OMG you bought the dip, how can you afford to live! LOL . Bitcoin only went down $200 , if you can't handle a $200 swing, you probably shouldn't be trading crypto! I even said "There is a possibility we could dip lower" , and titled the post "to catch a falling knife" LOL. Anyway looks like it did catch a bit of the blade but I'm already healed, haha. Anyway, now that the trolls are back under the bridge, lets dive back into the indicators. We are still showing some bullish divergence on the 4 hour chart, but we are now losing strength on the 15 minute chart which means it's good to keep a close eye on the market. This looks like we will most likely have sideways action for a few days , although if we go sideways for too long we could see more down side. I'm still hoping for an uptrend within the next 3 or 4 days, but as TomProTrader says, "let's rely on what we see not what we think". I'm considering a few swing trades today if I'm not too lazy. I'll keep you guys updated. Thanks for all the love; the likes outweigh the trolls 6:1
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Whew it's looking really ugly , guys, we actually hit the bottom of the 4 hour RSI for a 5th time! Unbelievable! I have to admit I did not see it coming. that being said, BTC is no down about $500 from where we bought in. Could be worse, but I'll do a leveraged trade to minimize my losses. LTC is crazy low down to $55 !!! So I'm using my initial BTC investment to fund this transaction. May even buy more LTC at this price! Sorry about the dip guys but I have full confidence we will bounce back! I'm more of a HODLer than a trader anyway so I'm used to this sort of thing. Be patient guys, be smarter than me and wait for the uptick. Lol ... Happy trading!
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After purchasing some LTC at 55 last night , managed to sell @58.50. This negated most of my loss from buying too early. Keeping my eye on the 15 min and 4 hour RSI to buy back in , LTC or BTC
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Rebought LTC @58.20 , short term RSI looks promising compared to BTC
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Right now BTC is above 6700 and hitting higher peaks on the short term chart. This is a bullish sign! ... And hey I did a pretty good job of catching that knife after all ;) Still HODLING my LTC @57.50, obv should have kept the BTC , but I'm sure LTC/BTC will eventually see it's day. The slow steady growth of BTC is looking very nice to me and I think we are positioned well for a bull run. Who's is selling BTC under 6k? Not me!!! The margin seems too small for swing trading at the moment but I'll update if I see any obvious trades available! Stay strong stay safe , take it where you can get it and don't let em shake ya!! ;)
Trade closed: target reached:
Hey guys! Well we did it! I see some swing trade opportunities so I'll mark this trade closed with a 6% return. My LTC hit the top of the 4 hour today, so I cashed a small position to USD for a swing trade. I noticed some minor bearish divergence on the 15 minute chart which indicates BTC and LTC may dip down slightly within the hours / day to come. I'm hoping to get back in with LTC around 58 and I think a good position for a swing with BTC would be an entry around 6800. After that I plan to HODL , buckle my belt and hope I'm not late for the ride! Thanks for the likes and follows. I try to only post when I'm fairly confident in my trades. A shot out to my haters - I don't have any kids but if I did their college funds would be up 6% ! Until next time, be safe! Watch out for this upcoming bull run, best to stick to small, happy trades ;)
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Closed my swing trade almost at 0 (literally $1 profit lol) I was expecting Asia to push the market down as usual. Bitcoin broke the 6900 resistance and since I wasn't expecting this, I'm back into HODL mode (most likely) until BTC hits the top of the 4 hour. Now that I'm HODLING again I can get some sleep, haha. Though I might wake up in 3 or 4 hours to see if there are obvious trade opportunities. Traditionally I'm making the wrong move here by being too bullish , but my worst fear is to miss the bull run!! It's still very likely we could still go down, but equally as likely we may see 7k BTC first. When I'm torn I bet on crypto, that's what helps me sleep! When downward movement becomes more obvious I may step in for a small swing trade, just have to wait and see. Anyway just wanted to update you on my position! Good luck!
