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BTCUSD daily price action

  • #81
  • Aug 8, 2019 9:29pm Aug 8, 2019 9:29pm
Quoting TwoSense
{quote} Ditto!
What is ditto a third time? Tritto?
  • #82
  • Aug 8, 2019 9:46pm Aug 8, 2019 9:46pm
Quoting g-force
{quote} I take that back, they do have it but it was buried in nonsense terminology. I added an SL to my current open trade. I was really using the liquidation price as a SL before anyway . Adding my new SL to the trade I have open right now just reduced risk a bit
Let me say this not that you asked, but usually when we are paranoid about stops its usually due to either one or both of these things

1) Entry timing is too much in doubt

2) Lot size is too big.

I suggest going all the way down to .01 and test what I just said.

I put this out as the fastest way to improve anyone's trades
  • #83
  • Aug 8, 2019 10:05pm Aug 8, 2019 10:05pm
Quoting MarkGman
{quote} What is ditto a third time? Tritto?
Ditto can go on until forever!
  • #84
  • Aug 9, 2019 2:18am Aug 9, 2019 2:18am
Quoting MarkGman
{quote} What is ditto a third time? Tritto?
Ditto cubed....... lols

Will do some analysis over the weekend and look to start this bad bad next week.
iC spreads aren't all too bad
4&1 All Time Profit: $37,496
  • #85
  • Aug 9, 2019 2:37am Aug 9, 2019 2:37am
Quoting DonFF
{quote} Let me say this not that you asked, but usually when we are paranoid about stops its usually due to either one or both of these things 1) Entry timing is too much in doubt 2) Lot size is too big. I suggest going all the way down to .01 and test what I just said. I put this out as the fastest way to improve anyone's trades
Wise words DonFF
4&1 All Time Profit: $37,496
  • #86
  • Aug 9, 2019 4:36am Aug 9, 2019 4:36am
We need another run at 12K. I feel like it'll only take one more crack and she'll break!!

Quoting g-force
{quote} Yep I hit my TP . Not sure what you consider decent sized but I cashed in about $61 on my trade. Not bad for a small account {image} Next up.. Ripple short. {image} {image}
Bravo buddy. You are literally the first person I have every seen make money on the short side of BTC.

Quoting g-force
Next up.. Ripple short. {image} {image}
Whoa where are you trading Ripple? I'd love to shot the hell out of that scam.

Quoting g-force
{quote} I take that back, they do have it but it was buried in nonsense terminology. I added an SL to my current open trade. I was really using the liquidation price as a SL before anyway .
I haven't found the SL functionality at Deribit, but I'm able to fashion one using a sell-stop order. Glad you found it on your exchange platform, gives me hope they have it on Deribit.

I've been using the liquidation price too! I hate to admit it but I kind of like that feature.
  • #87
  • Aug 9, 2019 5:04am Aug 9, 2019 5:04am
There has been strong resistance at $12K. I'd like to see us go into the weekend north of $12K
Money = Labour coupons
  • #88
  • Aug 9, 2019 6:57am Aug 9, 2019 6:57am
Should that happen, 15k on the cards before month end seems possible......
Anything lower will add tiny longs to it
4&1 All Time Profit: $37,496
  • #89
  • Aug 9, 2019 8:07am Aug 9, 2019 8:07am
Quoting Goat
{quote} I haven't found the SL functionality at Deribit, but I'm able to fashion one using a sell-stop order.
Attached Image
Money = Labour coupons
  • #90
  • Aug 9, 2019 8:55am Aug 9, 2019 8:55am
BTC/USD: Price: $11,740 | MCAP: $209.91 billion | 24-Hr Volume: $19.81 billion

BTC is currently trading at $11,690 on Bitstamp, representing a 0.85 percent drop on the day.

Prices hit a high of $12,040 in the Asian trading hours before quickly falling back below the $12,000 mark. Today is the fourth straight day of bull failure above $12,000.

Bitcoin hit an intraday high of $12,325, $12,145 and $12,061 on Tuesday, Wednesday and Thursday, respectively only to print a UTC close below $12,000 on all three days.

Trading volumes have also dropped over the last two days.

A UTC close above $12,145 would signal a resumption of the rally from recent lows near $9,100 and open the doors to the bearish lower high of $13,200 created on July 10.

A UTC close below $11,388 would confirm the bearish reversal and shift risk in favor of a drop to $9,057 (July 17 low).
Money = Labour coupons
  • #91
  • Aug 9, 2019 1:40pm Aug 9, 2019 1:40pm
I see many are talking about global events related to BTC/USD price movement but Bitcoin just doesn't care for fundamentals, especially real world political events. Market is so small that almost anything can move the price. Single exchange hack can bring the price down and few twitter posts from reputable influencers can pump it. Bitcoin is best traded on pure technicals, with good risk management, low leverage and just a little bit of discipline can net you profits. What i really like is how often it respects 61.8 fib retracements and follows simple moving averages.
  • #92
  • Aug 9, 2019 2:22pm Aug 9, 2019 2:22pm
Quoting MzansiObi
{quote} Wise words DonFF
I second that emotion.
  • #93
  • Aug 9, 2019 2:24pm Aug 9, 2019 2:24pm
Quoting Goat
I've been using the liquidation price too! I hate to admit it but I kind of like that feature.
Enough things different in the crypto world to teach an old dog some new tricks?
  • #94
  • Aug 9, 2019 2:25pm Aug 9, 2019 2:25pm
Quoting Morphmine
What i really like is how often it respects 61.8 fib retracements and follows simple moving averages.
That's an interesting claim that I'll likely explore. But I'd venture to say that it wouldn't follow technicals either because the market is so easily moved by an exchange hack, regulatory changes, or changes to liquidity.
  • #95
  • Aug 9, 2019 7:00pm Aug 9, 2019 7:00pm
Quoting DonFF
{quote} Let me say this not that you asked, but usually when we are paranoid about stops its usually due to either one or both of these things 1) Entry timing is too much in doubt 2) Lot size is too big. I suggest going all the way down to .01 and test what I just said. I put this out as the fastest way to improve anyone's trades
Yeah, that's a good point. I very rarely worry about my SLs. I wasn't all that concerned in this case either. They do keep me honest and allow me to walk away from the trade though so I would prefer to have them handy.
If you like my post throw me a Doge: D85YHaQ6nQTp4oT13sHoAZbETn3sADVnF8
  • #96
  • Aug 9, 2019 7:02pm Aug 9, 2019 7:02pm
Quoting Goat
We need another run at 12K. I feel like it'll only take one more crack and she'll break!! {quote} Bravo buddy. You are literally the first person I have every seen make money on the short side of BTC. {quote} Whoa where are you trading Ripple? I'd love to shot the hell out of that scam. {quote} I haven't found the SL functionality at Deribit, but I'm able to fashion one using a sell-stop order. Glad you found it on your exchange platform, gives me hope they have it on Deribit. I've been using the liquidation price too! I hate to...
Hah thanks! I turned right around and bought BTC after the short closed .

I was trading ripple on Bitmex. That short hit TP too. It looks like TMR answered your SL question. These guys bury the functionality underneath shitty UI so it's a bit of a pain to find.
If you like my post throw me a Doge: D85YHaQ6nQTp4oT13sHoAZbETn3sADVnF8
  • #97
  • Aug 9, 2019 9:24pm Aug 9, 2019 9:24pm
Well we couldn't get 12K done this week. Like true market professionals, we shall try again next week.

Quoting g-force
{quote} Hah thanks! I turned right around and bought BTC after the short closed . I was trading ripple on Bitmex. That short hit TP too. It looks like TMR answered your SL question. These guys bury the functionality underneath shitty UI so it's a bit of a pain to find.
You are currently the best BTC trader I know Gforce!

I'm still long from earlier in the week... hope to join you in the winner's circle next week!
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 10 KB


Quoting TMR
{quote} {image}
Yeah that's how I've been doing it. But the functionality that Gforce is talking about (I think) is where there's a stoploss attached to your trade, like the forex brokers do it.

Quoting MarkGman
{quote} Enough things different in the crypto world to teach an old dog some new tricks?
There's enough to keep an old dog busy for the rest of his short life.
  • #98
  • Aug 9, 2019 9:29pm Aug 9, 2019 9:29pm
Have a great weekend boys! This geezer doesn't trade on the weekends.
  • #99
  • Aug 9, 2019 10:11pm Aug 9, 2019 10:11pm
Attached Image (click to enlarge)
Click to Enlarge Name: BTCW.png Size: 24 KB

Quoting Morphmine
...
What i really like is how often it respects 61.8 fib retracements and follows simple moving averages.
Yes, it does it pretty often. Here is weekly chart with fibos, EMA(20) and EMA(200). I use mostly exponential MAs.

Attachment g
  • #100
  • Aug 10, 2019 10:27am Aug 10, 2019 10:27am
Quoting yg10
{image} {quote} Yes, it does it pretty often. Here is weekly chart with fibos, EMA(20) and EMA(200). I use mostly exponential MAs. 3409424
That 200 ema is a beast my bro....more esp on the lower time frames for intra day scalps etc.....works wonders.....
4&1 All Time Profit: $37,496
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