-Disclaimer - This is not an lottery ticket, this is a tool which I automate using a program (bot). I am not responsible for any losses than may occur if you decide to : 1. Fail to use proper risk mgmt including: a. risk % per trade (generally 2%) b. proper stop losses (generally based on technical analysis or percentage) c. overleveraging trades 2....
Almost 40% during a 12 hour window. BitMEX reports were more like 45%. The scary thing is I am not sure it is over yet. Stay tuned and be safe!
Times like these where we are up 1000 points and down 1000 points generally are followed with a huge move "usually" in the downward direction. Look back at 2008 , 2000, and 87. Not "professional advice" of course, just saying to be careful as we dont know what more there is to come from this virus.
Recent events in the world has hit global exchanges pretty negatively thus far. As far as Bitcoin is concerned many have it pegged to gold, but I think its stands apart from other assets like precious metals and bonds. If Bitcoin is going to continue its path upward it needs to hold 9429 and last stand 9050. This week will be important
Please feel free to download the script. It has a decent return rate over the last 2 -2 1/2 years at over 600% with just Bitcoin. Thats also with no leverage and a 1% risk per trade. The script is free to use or copy. Feel free to check my spreadsheet below for results: drive.google.com drive.google.com IF anyone is interesting in automating this script,...
Looking at this from a 2 day timeframe - It appears bullish to me as it broke the previous lower high from late last year. Very reminiscent from last year just before the climb to 14k - give it a month or two to confirm that trend. For now open longs for me.
If the trend plays out, we are expecting a corrective wave to about the 3600-3650 area which has been a pretty big area of support. This will allow the RSI to cool-off and get us setup for the next leg up