Out of 32 charts I watch only 3 are trending, and I missed my entry on 2 of them which are silver and USDMXN huhuhu.
Well maybe some exotics are trending my account to trade them is not set up yet so I did not check 4-5 charts.
Before I write what I think, I would just want to post my watchlist, and if someone is interested in what I think about one of those, I could make an idea, not like I am overwhelmed by activity.
7 majors
EURUSD
USDJPY
AUDUSD
USDCAD
GBPUSD
NZDUSD
USDCHF
10 exotic USD pairs
USDSEK
USDMXN
USDCNH
USDNOK
USDCZK
USDHUF
USDPLN
USDSGD
USDTHB
USDTRY
8 minors
EURJPY
EURCAD
EURNZD
EURCHF
EURGBP
GBPCAD
CHFJPY
GBPJPY
3 metals
Gold
Copper
Silver
1 energy
Oil
2 agriculture commodities
Soybean
Cotton
1 crypto (only one since they are all directly correlated)
BTCUSD or ETHUSD
For a total of 32
7 majors
10 exotic USD pairs
8 minors
2 metals (could add silver)
1 energy Oil
2 agriculture futures
1 crypto
Anyway, so once again I missed good trades, and all I got left is Bitcoin.
I use moving averages a bit like the guppy method to help confirm a trend, GMMA's use EXPONENTIAL moving averages, but it is not that different, and displaying the MA's helps. I just made an indicator with all of them so I don't have to bother everytime.
Right now I removed the 100 150 200 MA's because it is just gross, there is too much and it pollutes the chart, but I will display them from time to time.
There are many ways to see this, but here are the 3 main reasons I think Bitcoin will go up and we should long on 7600.
Target will most likely be 10000 or 12000, we will see later.
Shall Bitcoin get close to 7600 I will zoom in and try to get the best entry.
It probably gets overcut again, but if it gets overcut too much I rather miss out whatever, there are going to be opportunities elsewhere in a few weeks at most (right?)
Well maybe some exotics are trending my account to trade them is not set up yet so I did not check 4-5 charts.
Before I write what I think, I would just want to post my watchlist, and if someone is interested in what I think about one of those, I could make an idea, not like I am overwhelmed by activity.
7 majors
EURUSD
USDJPY
AUDUSD
USDCAD
GBPUSD
NZDUSD
USDCHF
10 exotic USD pairs
USDSEK
USDMXN
USDCNH
USDNOK
USDCZK
USDHUF
USDPLN
USDSGD
USDTHB
USDTRY
8 minors
EURJPY
EURCAD
EURNZD
EURCHF
EURGBP
GBPCAD
CHFJPY
GBPJPY
3 metals
Gold
Copper
Silver
1 energy
Oil
2 agriculture commodities
Soybean
Cotton
1 crypto (only one since they are all directly correlated)
BTCUSD or ETHUSD
For a total of 32
7 majors
10 exotic USD pairs
8 minors
2 metals (could add silver)
1 energy Oil
2 agriculture futures
1 crypto
Anyway, so once again I missed good trades, and all I got left is Bitcoin.
I use moving averages a bit like the guppy method to help confirm a trend, GMMA's use EXPONENTIAL moving averages, but it is not that different, and displaying the MA's helps. I just made an indicator with all of them so I don't have to bother everytime.
Right now I removed the 100 150 200 MA's because it is just gross, there is too much and it pollutes the chart, but I will display them from time to time.
There are many ways to see this, but here are the 3 main reasons I think Bitcoin will go up and we should long on 7600.
Target will most likely be 10000 or 12000, we will see later.
Shall Bitcoin get close to 7600 I will zoom in and try to get the best entry.
It probably gets overcut again, but if it gets overcut too much I rather miss out whatever, there are going to be opportunities elsewhere in a few weeks at most (right?)
Comment:
As I try to figure areas to go long on Bitcoin I am reminded how trash it is, how uninteresting this trade is.
Where to enter is not clear, the area is far too wide, the target might only be 8500 even thought I think it will be higher.
The huge pack of scavengers that just got into trading or quit wall street and cannit find the courage to trade something else are probably going to overcut it (NOT interesting as is AND probably gets overcut). They did not learn their lesson in April when the shorts got decimated.
If I had something else to trade I would ignore this.
Will look at ETH later, but who am I kidding, on Bitmex I can only trade BTC.
I need to send money to Kraken (or Tether somewhere else) to trade ETH.
This one is pretty bad, but the odds we go up are pretty high:
Where to enter is not clear, the area is far too wide, the target might only be 8500 even thought I think it will be higher.
The huge pack of scavengers that just got into trading or quit wall street and cannit find the courage to trade something else are probably going to overcut it (NOT interesting as is AND probably gets overcut). They did not learn their lesson in April when the shorts got decimated.
If I had something else to trade I would ignore this.
Will look at ETH later, but who am I kidding, on Bitmex I can only trade BTC.
I need to send money to Kraken (or Tether somewhere else) to trade ETH.
This one is pretty bad, but the odds we go up are pretty high:
Comment:
I refuse to go long before 7450.
Let it go up without me if it bottoms higher than this.
Let it go up without me if it bottoms higher than this.
Comment:
Just logged on my Bitmex acc where I had a hedge short that is now breakeven.
0.0084 XBT PNL, with funding XD
With 25 leverage I can gamble that to long 0.2 Bitcoin with :D
All paid for by crypto bulls.
I will close any short I have left on 7500 or even a bit before,
And let's gooo long!
It is weird here there are several supports one after the other, how does one set a stop loss in these conditions?
All getting close but it could stop for a while now. Stupid crypto prolonging suspense as usual.
I guess I'll just shitpost till my longs get filled?
Get ready but I bet there is at least several hours before we go below 7670.
Boooring.
0.0084 XBT PNL, with funding XD
With 25 leverage I can gamble that to long 0.2 Bitcoin with :D
All paid for by crypto bulls.
I will close any short I have left on 7500 or even a bit before,
And let's gooo long!
It is weird here there are several supports one after the other, how does one set a stop loss in these conditions?
All getting close but it could stop for a while now. Stupid crypto prolonging suspense as usual.
I guess I'll just shitpost till my longs get filled?
Get ready but I bet there is at least several hours before we go below 7670.
Boooring.
Trade active:
7475
Comment:
It is Bitcoin that is going to lead the charge this time btw.
ETH lagging behind, alts all lagging behind.
August is Bitcoin month.
ETH lagging behind, alts all lagging behind.
August is Bitcoin month.
Comment:
Chill, and double up on your longs.
For my part I will increase my sizing by 20 times.
For my part I will increase my sizing by 20 times.
Comment:
I actually got filled. Wow. Should I worry?
Not a gigantic position, but now I am happy with it.
If BTC goes lower I long even more, but I don't see why it would.
I want to know what happens next right now, but this is going to take a few days.
Not a gigantic position, but now I am happy with it.
If BTC goes lower I long even more, but I don't see why it would.
I want to know what happens next right now, but this is going to take a few days.
Comment:
I hope I am not polluting your idea stream :p
I CANNOT wait for a huge pump and an uptrend and post an idea "Crypto mega bear is a better bull than the bulls" and praise myself.
Not taking profit before 15.000$ !!! Ok I need to calm down XD.
I CANNOT wait for a huge pump and an uptrend and post an idea "Crypto mega bear is a better bull than the bulls" and praise myself.
Not taking profit before 15.000$ !!! Ok I need to calm down XD.
Comment:
Gosh literally EVERYONE in chats right now is bearish and in disbelief.
I do not know if this is a good or bad thing, not experienced enough, but I want to long more Bitcoin right now that I am certain of...
I do not know if this is a good or bad thing, not experienced enough, but I want to long more Bitcoin right now that I am certain of...
Comment:
Got to 0.5 fib and overcut support, rince and repeat.
Almost sure this was the bottom, it's just rince and repeat overcut everytime, well this time at least it didn't get overcut massively.
Almost sure this was the bottom, it's just rince and repeat overcut everytime, well this time at least it didn't get overcut massively.
Comment:
On Bitmex the price went 3$ below my liquidation price but I did not get liquidated :)
ibb.co/e0xw6K
I don't really want to lock profit at a small bounce...
Compared to FX my crypto target is 10 times bigger (or the same with 10 leverage), but the 1rst entry to stop loss is 40% bigger, which means on average I risk twice as much to get the same profit.
It just does not feel good... I take al this risk I do not want to end up making very little profit... Maybe its best to just avoid crypto really with all the idiots overcutting it, gogo winners, you can have crypto, I'll have something with much less interest which is 10 tiems more profitable.
It is on MA50 and horizontal support here, and dropped 20% ... it should bounce... anytime. it's like it always does, except when I take the trade.
Maybe it won't bounce because the idiots that usually go long & overcut it hard got liquidated this time.
There are 2 drops with divergence which always happens I posted that yesterday.
Now should really be time for the bounce.
ibb.co/e0xw6K
I don't really want to lock profit at a small bounce...
Compared to FX my crypto target is 10 times bigger (or the same with 10 leverage), but the 1rst entry to stop loss is 40% bigger, which means on average I risk twice as much to get the same profit.
It just does not feel good... I take al this risk I do not want to end up making very little profit... Maybe its best to just avoid crypto really with all the idiots overcutting it, gogo winners, you can have crypto, I'll have something with much less interest which is 10 tiems more profitable.
It is on MA50 and horizontal support here, and dropped 20% ... it should bounce... anytime. it's like it always does, except when I take the trade.
Maybe it won't bounce because the idiots that usually go long & overcut it hard got liquidated this time.
There are 2 drops with divergence which always happens I posted that yesterday.
Now should really be time for the bounce.
Comment:
Correction: There is always divergence on the 1rst drop, and a second drop, but the second drop does not always have divergence.
Comment:
Patiently waiting...
Maybe monday something happens.
Maybe monday something happens.
Comment:
This HAS to be the bounce.
Watch out for resistance at 7400.
Watch out for resistance at 7400.
Should have scalp shorted btc 2 hours ago...
It could go 7500 something in the next hours I havent set longs yet.
Ok someone at work will 100% bother me I will pretend I have diarhea....