Long

Updated

Bitcoin. Buy the dip kek. Missed it? Feelsbadman

Warrior, broken men, victorious praeliators, all alike.

At least 4 random FUD news hit us at the same time, what a coincidence!
We lost 10210 hence dropped close to 9280 as I warned 1k times. Anyone that read my posts can't tell they didn't know.
Because of lag I missed buying opportunity, but with insistance I was able to buy some. Already sold a bit.

Now we might get a chance to buy close to 9280, the stop loss is right below so the RR is great.
Or if we go above the inside bar and above 10210 we can buy there with a stop loss below 10210 (or below the low of the inside candle if we buy that break.
We have seen alot of breakout failure that continu afetr failing, so if we break we could go down after and then we buy!

We weren't supposed to drop that much. When we dump unaturally we often go up afterwards.
Even if the 9280-11788 zone is 50/50 buying close to the low means good RR.
After a big dump like this we can only go up...not 100% sure but 100% does not exist sorry.

There's probably opportunities in alts...No time to check :/
It's less risky to trade Bitcoin unless you can monitor 24/7.

+++ I am not a financial advisor (good luck finding one in crypto). Trade at your own risk +++

Trade active

Might want to keep an eye on the 9608-9922 range.
And volume spike. If we break above with volume... Going way up is likely.

Note

Took 5 hours to break last time and looks like it's going to take 5 hours this time too.
Keep an eye on 10210 level.
We could pullback after going above.
If we go up then pullback then go up again, stop loss can then be set higher.
Will have to follow it...
If we go all the way to retest the log downtrend anything can happen.
You'll have to stare at it or set alerts when we get there.

I'll close above 12500 and short as we get close to 13000 no matter what (if we go there lol).

Note

It looks too similar... Should I start worrying? Only difference is the range is wider now, so the move up was a bit more violent since we had more ground to cover.
It looks the exact same... really weird...

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Went down when the 5min got overbought blablabla, testing trendline blabla

zzz I just want to fast forward

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Maybe we consolidate a bit we already bounced pretty hard.
No point watching the whart while we're still inside the same range.

Some TA "experts" are just too funny :D
Cheers me up while I'm waiting for Bitcoin to make its move.

Why you should ignore head and shoulders in crypto:

Trade closed manually

Closed on Binance main account at 2% profit.
Opened short on CasinoEx.
No clear signal till we get out of range.
Set some buying orders at 9280-9350 great RR.
Will close if we go below, will try shorting too if we go below.

Every one is panicked. Any scenario possible. Just keeping an eye on strong support levels and going for goog risk rewards.

Note

Imma leave my short open and go to bed. If we get to my buy order I'll set a stop loss that's all.

If we lose 9280 we go straight for 6k tbh...Maybe we bounce on 7600...idk.
probably 6000 at that point, or 6600 have to draw the line that I drew 2 months ago.

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I would just put some buy order at 6600, and some more at 6000.

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Heeey maybe we go to 9300 get a second chance.
If it doesn't bounce, 1% loss whatever.
Sigh I don't really expect to bale able to open shorts if we go under...

Note

Still in the same area...
Not going to do anything till we get close to the borders of the green or red zone.
Probably.
I'm sure you can find a quote about how it's better to miss out and you don't have to always trade. If you really have to, just go trade stock forex oil gold whatever.

Take hundreds of trades where you're careful. Take a single trade where you try taking it riskier and the FUD news hit.

Make a booletproof precise plan and always stick to it!

I was prepared to lose that amount, but NOT because the exchange won't let me log in.

If the price drops super fast after FUD news and your exchange lets you log in (one of the bad ones that is always down 95% of them) think about it. They're probably letting you log in because you usually lose and/or you're a panic seller.

When everyone on twitter chats etc complains they can't log in, if you're one of the people saying "wow so lucky they're letting me in it's working for ME only" think about it...I doubt you're really the lucky winner here...

Note

My entries:

To drop below 9k something will have to happen. Wouldn't be that hard to make it dip below that, but I don't see who would be interested in doing that.
Opinion/speculation:
- The journalists that dream of the lives of the people they write about and are resentful have no more stories. If I'm correct we heard the SEC repeat what they said already last month, and time and time again, old news even older now, then some BS random rumor about Binance, and the journalists released coincheck and MtGox old news. They got nothing left.
- The whale that wanted to buy at 9k isn't going to sell there...But he'll sell if we go below maybe.

So we'll need something new. Can China release yet another random pointless anouncement and people take that seriously?

For me this is a no trade zone (till we get to 9350 or 11700 - close to the boundaries), but if you really want to look at something keep an eye whether we keep making higher highs and higher lows.
Drawing "TA" shapes now is beyond useless, it will actually cause mistakes.

Note

Hello this is Mr. Robot.

Start

While (Date < This weekend):
If Price IN {9280-9350} BUY. Alert Mr Poro Vener. Set Stop loss 9200ish.
If Price > 11600 Alert.

Check Bitcoin candles. Estimate lower high to short Bitcoin aiming for higher low.
Check a dozen alts.

End

Deactivating now. Beep! Beep!

Order cancelled

I only bought a really small amount to send to Bitmex and probably will short...

Trade active

Shorting a pathetic amount.
If I manage to be ready in time I could make ALOT of money...
Since I can't be full focussed 24/7 it's hard, there's sooo many people that want to give me money, it makes it hard to take it.

Note

Expecting a bounce to let short time frames recover, hopefully.
Scared people will stop panic selling for a while and the system won't be overloaded and I'll be able to short more, hopefully.
Good thing my short at 9800 (I think) got liquidated because I used a leverage too high :D

I'm working on creating the perfect bulletproof strategy!
I'll be invincible!!!!

Note

Well finally. Jane and Joe are shiting themselves and spamming the site to panic sell, so that's what I did. Spam it enough times and it works. Just went for a market sell, can't be too picky in these situations.

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Oh wait we actually went all the way to 0.3.
I hope day traders that bought this dip took (enough) profit here.

I don't even know if my 0.3 short order went through, but it probably did.
People are so scared.
I think pretty much anything would create a big panic sell at that point.

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I know it well, I got rekt when I bought the dip at 10210 and the FUD news destroyed that trade...
Dirty...Too low IQ to make money the normal way.

MrRenev

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MrRenev

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