MrRenev

Crypto possible retrace complete, uptrend continuation

BITFINEX:ETHUSD   Ethereum / U.S. Dollar
Hey hey hey I looooove BitcoinreKt.

Keep an eye on what happens. Can't tell (and don't really care), if the ponzo goes up higher or if it drops from here.

I am not sure if the top would be 7500 or 7600 or 7700, better scale I guess. And what will happen at 0.5 fib will give us a better clue of where it will top (if it retraces at these 0.3 and 0.5 exactly, We can expect that count to be correct and BTC to retrace at 0.618 exactly, or somewhere between it and the swing high but not (much higher) I mean the odds of stopping at .6 exactly would be high right?

Remind me to calculate my scaling and liq price exactly.

ETH looks heavier right? So better short ETH than BTC if you can.

I would only consider trading:
- BTC
- ETH
- Whatever crypto is "trendy" and has high volume recently (EOS for the past weeks). Ok not counting Tether :p

Short one of those, rest is risky and bad, only for P&D groups or 10 yo scalping 500$ orders.

Just took a look at Litecoin.
LOL I did not even notice it was so bearish . Wtf is that trend lol.
Must be some kind of record.


That is just so brutal hahaha. I did not even see this when I published a "Litecoin to 0" idea.
I would recommend shorting it if I was not certain you wouldn't even be able to close your short.
At 50$ if it is still this bearish there should be a strong reversal. Or below 50$ idk w/e when it reverts.
Comment: Ok let me rephrase all this.
I ran pessimist estimates based on my trading of Forex + Futures the past 3 months and backtested it to confirm.
OH MY.
WOW.

Yeah ok mmmmsslsksjjsjsjs FUCKK CRYPTO. I quit crypto idc anymore. Going to get rich just doing what I have been doing in FX.

I will post even less about crypto from now on.

Rofl why are people even still caring about it.

Even if BTC were to go to 1 million I bet I will outperform it with my hands tied behind my back.
Comment: Price manipulation started.
Short orders could get filled in the next days.
Usually the illegal pump manipulation happens a day wher emost dumb traders are around, monday is a good one, and the dump happens when the most traders are away, so probably sunday early once again.

By wednesday, should be a good time to start looking at tweeking entries, how much we want to overcut the swing high.... I would say 2% I guess?
And maybe scale, SL has to be a bit over it but not too close, not too far, not really sure where lol. 5% above it leaves plenty of space for noise I guess, not sure if bitfinex will let that happen thought, they are eager to sell and don't want to get front run but other sellers.

It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.

Comments

shrekt
+2 Reply
MrRenev rgonzo1
@rgonzo1, Wtf are you saying lol? Who got shrekt? The people I take money from? XD
Reply
rgonzo1 MrRenev
@MrRenev, I'm just trolling :). I'm just waiting for the point where you finally stop talking about this market... it seems you can't help but keep coming back to it :P.
+2 Reply
MrRenev rgonzo1
@rgonzo1, lol
I have not been watching alot lately.
I won't quit entirely, just I only watch when it actually moves, and when something funny happens like the russian spies using bitcoin that story XD
Reply
why you so done man? the insane whipsaw and low liquidity stop hunting?
Reply
MrRenev texagg22
@texagg22, I have the choice between:
- Waiting waiting waiting waiting waiting getting bored, still going to work every day with some dimwit that doesn't understand what I tell him and wastes my time, having to wake up every day follow dumb rules. Go through commute. Also hearing from delusional baggies & their dumb arguments everyday. All that annoying crap.

- Becoming a millio-billionaire. Getting showered in money the next months retiring end of 2018 or before, or 2019 if my job isn't too demanding. Being able to do whatever the fk I want to do. Feeling like the chosen one as my strat works and I did what (almost) no one did before. Etc.

I prefer number 2.
Reply
MrRenev MrRenev
@MrRenev, Short version: I prefer getting >5 trades a week than 1 trade a month following my > 90% winrate method.
Reply
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