Thanks for your continuous updates. Much appreciated.
I know your not keen drawing EW in bear market but i'm happy that my chart is heading the same direction as your calls
heisginger
⋅
@gregloren1 does the fact that this $400 pump came immediately after the futures closed at 3pm UTC affect your view? Was this part of your thinking anyway? Keep up the great work - you're having a stellar few weeks!
ParagonVenture
⋅
@heisginger, I’m looking at connection between futures and there definitely is. I’m still learning trying to find patterns in this connection.
A month ago when we closed futures we had immediately pump and stayed bullish for a month , there was few times where futures closed and we were bearish for a month.
Are we going to have another bullish month and head for 10k since we had this pump? Possible
Yes I had very good past 2 months, thanks for following.
I’m happy when I see you succeed also !! Thank you
kitkat1
⋅
i will be waiting for ETH update :-)
Kroschi
⋅
Thank you for the update, Greg! Do you think the Bitcoin ETF rejection makes your long position more risky?
ParagonVenture
⋅
@Kroschi, there is another bigger ETF waiting for approval.
Kroschi
⋅
@gregloren1, thanks!
ParagonVenture
⋅
@Kroschi, risk is always there but I’ll take this one, looks like strong support around 7750 , overall we will propobybly go back to 49’s or 43’s but we might visit resistance at 85 before that.
If we brake 85’s 10k is very possible.
I do not believe this is a start of a new uptrend
KyleHoffman
⋅
This seems like a pretty risky place to short given the momentum up... I wouldn't want to get caught trying to overtrade for a small gain.
2.5% x XX,XXX / 2,5% of the big size is a not "small gain" , ill take it every day.
i fully respect your opinion, but everyone is having different strategies and trading different sizes of positions and timeframes.
My business partner and friend (also a full time trader) scalps big positions 0,5% or sometimes even less many time during the day, ending days often with higher profit than average joe whole week.
Different trading strategys makes different people money, as long you are profitable with yours, stick with it.
Thanks for your continuous updates. Much appreciated.
I know your not keen drawing EW in bear market but i'm happy that my chart is heading the same direction as your calls