Perma_Pig

004. CryptPigo Play - Long + Quick Flip BitTorrent (BTT/USD)

Long
BITFINEX:BTTUSD   BTT / Dollar
The cryptocurrency landscape is about to enter a very bullish state. Many opportunities will appear over the next two weeks, and I would like to take full advantage.

Aside from just buying and holding Bitcoin , Ethereum , and a few other Alt names, flipping breakouts on high volume is now becoming a very real possibility.

BitTorrent is one such opportunity I see, which has a clearly defined beginning and end - with high volume to get in and out as needed. This last point is crucial because it is nearly impossible to perform such a vanishing act under normal circumstances - there just isn't enough volume to get anywhere close to entering at the bottom and closing at the top.

However, markets will occasionally change their nature in the short term to allow some winning now and again.

The tough part is recognizing these times and having the powder set aside to launch accordingly.

Long it, flip it, bop it, just don't short it with leverage.

- PigTorrent


BITFINEX:BTTUSD
BITFINEX:BTTBTC
BINANCE:BTCUSDT
KRAKEN:ETHUSD
COINBASE:BTCUSD
Trade active: entering here. flipping half at 0.0006 with a limit just under it and letting the rest run wild since im not trading crypto today.
Trade active: Upper band getting harangued. Be swift with the exit and keep it disciplined at the target price. This one is fickle.
Trade closed: target reached: Selling this all now while theres volume and calling it a premature win. Sue me.

Before you do, I'd like to add that I do not have the slightest idea about what happens to crypto when the stock market sells off.

I'd prefer to see how quickly people run to 40k bitcoin in that scenario when silver is only 26 dollars/oz.

Thus, I'll take the nice gains here and wish anyone still holding a fine evening.
Comment: well, fuck.
Perma_Pig

Comments

I just sold them. A little too late but thanks a lot
+1 Reply
Perma_Pig inelics
@inelics, awesome to hear that - this really did erupt nicely.
+1 Reply
the trend line will possibly break. thanks for sharing.
+1 Reply
Possible scenario, what is the trigger?
+1 Reply
Perma_Pig TheSignalyst
@TheSignalyst, inevitable mania resulting from new BTC highs. ya know, like your standard side effects from an ensuing bubble - except in this case it is multiplied many times over via easy access to leverage.
Reply
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