Yesterday a member in the group told me that I was wrong and I shouldn't have told people to buy ETH at $220. I wasn't angry because I have started to get used to these sort of comments after two years of publishing my analysis for free.
As many of you know, I have published many successful trades since 2018. They are not just 1% - 5% gains, but 30% - 300% without leverage. (You can check the links below if you'd like) I always tried to explain as much as I can in each post. However, if I explain too much, many couldn't be bothered to read it as they just want to be told when to buy and when to sell. So, what they do is to read the chart and place their trades.
In my last two posts on BTC, I clearly warned you that "the trend has turned bearish short-mid term after $9,000 was taken out. If you are swing trading, you have to wait for a bounce to happen at $7,700 to retest $8,470 first. On the other hand, if you are day trading, $9,400 - $9,500 is the good price to short.".
Subsequently, in the last post, I told you "if $6,500 can't hold, sub $5k is likely". Not only that, I attached a link of my Sep 19 analysis to remind you of my long term outlook and that I still have 50% of buy orders set around $5k - $5.5k. They are for long term investments using the profits I made since 2018 in which I am not using any leverage, and no stop loss.
After all of the above, people still blame me for their losses. I feel sorry for those who bought $7,700 by looking at just the chart, but I don't think I can be any more specific about what I am going to do.
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What about now?
After the huge drop, it definitely increase the odds of more downside in the future. I am not saying it will definitely drop more, but I am prepared if it does happen. As a retail trader, we have to assess various scenarios and plan ahead based on the odds of each scenario. Then, based on the odds, we have to risk and money manage our positions.
Currently, I have roughly 43.5% profits entered around $7k, 13% around $7.7k, and 43.5% around $5.3k. But due to the drop yesterday was too bearish, I would like to free up some of my capitals in case if more drop is going to come in the future. In saying that, I ain't going to sell my positions AFTER the huge drop has already happened. Instead, I will sell the positions bought around $5.3k if the price can go back up to around $6,8k. This way not only allow me to free up some of my capitals but earning an additional 20% gains of my entire portfolio.
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In terms of ETH, the lows in Dec 19 has been violated which is not a good sign. I will let the market to digest the recent bearish move and reassess what/when to enter later.
In terms of XRP, I have entered some long term positions @ $0.15.
If you'd like to receive more frequent updates, make sure you check the signature section below.
Past analysis (click & play):
Bitcoin, perfect call (300% profits)
Bitcoin, bought between $6.8k - $7.3k (40% profits)
Perfect call on $12k weekly resistance
Bitcoin dropped from 12k to 7k as expected (40% fall)
Bitcoin dropped to $3.5k as expected (40% fall)
Bitcoin, bought $6220 target $8480 (36% profits)
Perfect re-bought target
Education posts:
2618 trade
Top-down analysis
As many of you know, I have published many successful trades since 2018. They are not just 1% - 5% gains, but 30% - 300% without leverage. (You can check the links below if you'd like) I always tried to explain as much as I can in each post. However, if I explain too much, many couldn't be bothered to read it as they just want to be told when to buy and when to sell. So, what they do is to read the chart and place their trades.
In my last two posts on BTC, I clearly warned you that "the trend has turned bearish short-mid term after $9,000 was taken out. If you are swing trading, you have to wait for a bounce to happen at $7,700 to retest $8,470 first. On the other hand, if you are day trading, $9,400 - $9,500 is the good price to short.".
Subsequently, in the last post, I told you "if $6,500 can't hold, sub $5k is likely". Not only that, I attached a link of my Sep 19 analysis to remind you of my long term outlook and that I still have 50% of buy orders set around $5k - $5.5k. They are for long term investments using the profits I made since 2018 in which I am not using any leverage, and no stop loss.
After all of the above, people still blame me for their losses. I feel sorry for those who bought $7,700 by looking at just the chart, but I don't think I can be any more specific about what I am going to do.
------------------------------------------------------------------------------------------------------------------------------------------------------------------------
What about now?
After the huge drop, it definitely increase the odds of more downside in the future. I am not saying it will definitely drop more, but I am prepared if it does happen. As a retail trader, we have to assess various scenarios and plan ahead based on the odds of each scenario. Then, based on the odds, we have to risk and money manage our positions.
Currently, I have roughly 43.5% profits entered around $7k, 13% around $7.7k, and 43.5% around $5.3k. But due to the drop yesterday was too bearish, I would like to free up some of my capitals in case if more drop is going to come in the future. In saying that, I ain't going to sell my positions AFTER the huge drop has already happened. Instead, I will sell the positions bought around $5.3k if the price can go back up to around $6,8k. This way not only allow me to free up some of my capitals but earning an additional 20% gains of my entire portfolio.
------------------------------------------------------------------------------------------------------------------------------------------------------------------------
In terms of ETH, the lows in Dec 19 has been violated which is not a good sign. I will let the market to digest the recent bearish move and reassess what/when to enter later.
In terms of XRP, I have entered some long term positions @ $0.15.
If you'd like to receive more frequent updates, make sure you check the signature section below.
Past analysis (click & play):
Bitcoin, perfect call (300% profits)
Bitcoin, bought between $6.8k - $7.3k (40% profits)
Perfect call on $12k weekly resistance
Bitcoin dropped from 12k to 7k as expected (40% fall)
Bitcoin dropped to $3.5k as expected (40% fall)
Bitcoin, bought $6220 target $8480 (36% profits)
Perfect re-bought target
Education posts:
2618 trade
Top-down analysis