Trading Bitcoin with Trend lines and S/R | Page 3 | Crypto Craft

Options

Go to
Permalinks
Print Thread

Similar Threads

What best indicator to entry signal and TREND? 160 replies

J1mm's Intraday Trend follow Strategy 86 replies

Accounts for trading Bitcoin 51 replies

Bitcoin and crypto trading (only BITMEX) 2 replies

I'm Abandoning Currency Trading To Trade Bitcoin Futures 4 replies

Attachments: Trading Bitcoin with Trend lines and S/R
Exit Attachments

Trading Bitcoin with Trend lines and S/R

  • #41
  • Aug 21, 2019 9:57am Aug 21, 2019 9:57am
Quoting enochben
I have traded just about everything you can imagine .... it wasn't tangible.
As I stated above I am quite aware of this...however each of the markets you mentioned (with the possible exception of the indexes) is BACKED by something. The treasuries - Govt...the commodities are the actual item you are trading...whether or not you take delivery is another matter. You are trading contracts for actual THINGS...Yes even futures. If you don't close your position before the expiry date you WILL get a tanker of oil whether you want it or not.

The question (for me) is not whether or not I can trade cryptos...that seems obvious...the question is what happens when it all tanks? With a futures account if (and this is a BIG "IF") I am on the right side of the market I get a windfall and I have a regulatory body that will enforce my collection. Likewise if I am on the wrong side of the market, that same regulatory body works against me...these are the "normal risks" in this business.

If crypto crashes...who or what regulatory body enforces my collection? Or on the other side forces me to pay up...apart from my account being closed?

Quoting enochben
“It is not the strongest of the species that survives, nor the most intelligent that survives. It is the one that is the most adaptable to change.” – Charles Darwin
Not a big fan of Darwin or the science he used to make his conclusions...mostly observatory...but I do agree that those who survive and prosper in trading are those who adapt quickly and efficiently to changing market conditions.
@xxxx§|[::::::::::::::::>
  • #42
  • Aug 24, 2019 10:54pm Aug 24, 2019 10:54pm
IF price can sustain above SMA(13) on H1, I believe there are good chances this will go up.. we'll have a clearer picture by NY Monday morning.. I have these two longs and SLs as in the att. image.

My long term view is Bullish for BitCoin.
Attached Image (click to enlarge)
Click to Enlarge Name: bitc1.png Size: 52 KB
Meditate -> Workout -> Good Food = Good Life!
  • #43
  • Aug 25, 2019 9:19pm Aug 25, 2019 9:19pm
Quoting YellowFellow
IF price can sustain above SMA(13) on H1, I believe there are good chances this will go up.. we'll have a clearer picture by NY Monday morning.. I have these two longs and SLs as in the att. image. My long term view is Bullish for BitCoin. {image}
I was able to add a couple of longs, just took profit..

PS: took losses trying to short gold, volatile re-opening :-(
Meditate -> Workout -> Good Food = Good Life!
  • #44
  • Aug 26, 2019 3:48pm Aug 26, 2019 3:48pm
Quoting YellowFellow
{quote} I was able to add a couple of longs, just took profit.. PS: took losses trying to short gold, volatile re-opening :-(
I hope btc outweighed xau.
If you like my post throw me a Doge: D85YHaQ6nQTp4oT13sHoAZbETn3sADVnF8
  • #45
  • Aug 29, 2019 6:32pm Aug 29, 2019 6:32pm
9500 is our new resistance line, time to sell gentlemen.
Attached Image (click to enlarge)
Click to Enlarge Name: capture.png Size: 39 KB
If you like my post throw me a Doge: D85YHaQ6nQTp4oT13sHoAZbETn3sADVnF8
  • #46
  • Aug 30, 2019 12:41am Aug 30, 2019 12:41am
Quoting g-force
9500 is our new resistance line, time to sell gentlemen. {image}
On the contrary, I'm long.. Solid support level on H4, keeps bouncing from this area.. I thought I should try..
Meditate -> Workout -> Good Food = Good Life!
  • #47
  • Aug 30, 2019 9:29am Aug 30, 2019 9:29am
Just cleaned the slate..
Meditate -> Workout -> Good Food = Good Life!
  • #48
  • Aug 30, 2019 12:09pm Aug 30, 2019 12:09pm
Quoting g-force
9500 is our new resistance line, time to sell gentlemen. {image}
Changed direction.. Fridays are un-predictable..

Short with SL @ ~9750.00
Meditate -> Workout -> Good Food = Good Life!
  • #49
  • Aug 30, 2019 2:09pm Aug 30, 2019 2:09pm
Quoting YellowFellow
Short with SL @ ~9750.00
Well that trade is probably looking OK right now.
  • #50
  • Sep 1, 2019 5:58pm Sep 1, 2019 5:58pm
Quoting MarkGman
{quote} Well that trade is probably looking OK right now.
I changed direction several times during past few days.. (u can see that in TE) It was a mess..

Eventually settled with long and that's what I am right now.. got some floating profit right now from Longs.
Meditate -> Workout -> Good Food = Good Life!
  • #51
  • Sep 2, 2019 10:25am Sep 2, 2019 10:25am
Quoting YellowFellow
{quote} I changed direction several times during past few days.. (u can see that in TE) It was a mess.. Eventually settled with long and that's what I am right now.. got some floating profit right now from Longs.
Well that long position is looking good right now. What is your profit target?
  • #52
  • Sep 2, 2019 5:16pm Sep 2, 2019 5:16pm
Quoting MarkGman
{quote} Well that long position is looking good right now. What is your profit target?
I took profit a while back..
Meditate -> Workout -> Good Food = Good Life!
  • #53
  • Sep 2, 2019 8:07pm Sep 2, 2019 8:07pm
I still think 9k is the support level, not sure whether to buy or sell right now though.
If you like my post throw me a Doge: D85YHaQ6nQTp4oT13sHoAZbETn3sADVnF8
  • #54
  • Sep 3, 2019 1:29am Sep 3, 2019 1:29am
Quoting g-force
I still think 9k is the support level, not sure whether to buy or sell right now though.
I got 1 short BitCoin right now, if it survives NY session I might wanna sell more..
Meditate -> Workout -> Good Food = Good Life!
  • #55
  • Sep 3, 2019 12:28pm Sep 3, 2019 12:28pm
Quoting YellowFellow
{quote} I got 1 short BitCoin right now, if it survives NY session I might wanna sell more..
I'm long my friend. There is some serious momentum that has been built up. I think we also have not heard the last of the institutional news..
Attached Image (click to enlarge)
Click to Enlarge Name: capture.png Size: 40 KB


I am in a heavier LTC short though so if the market falls more generally I'll celebrate with you
If you like my post throw me a Doge: D85YHaQ6nQTp4oT13sHoAZbETn3sADVnF8
  • #56
  • Edited 2:53am Sep 4, 2019 12:01am | Edited 2:53am
Quoting g-force
{quote} I'm long my friend. There is some serious momentum that has been built up. I think we also have not heard the last of the institutional news.. {image} I am in a heavier LTC short though so if the market falls more generally I'll celebrate with you
IF price can breach 10,700 decisively, it should continue going up.. that said, I just initiated a short with SL @ 10,750

Air should be clear latest by NY morning.
Meditate -> Workout -> Good Food = Good Life!
  • #57
  • Sep 4, 2019 3:09pm Sep 4, 2019 3:09pm
Quoting YellowFellow
IF price can breach 10,700 decisively, it should continue going up.. that said, I just initiated a short with SL @ 10,750
Stand by that prediction LOL. I feel the same way though Yellow. Looking for the upward momentum to continue.
  • #58
  • Sep 4, 2019 9:47pm Sep 4, 2019 9:47pm
Quoting MarkGman
{quote} Stand by that prediction LOL. I feel the same way though Yellow. Looking for the upward momentum to continue.
I just re-initiated a short.. low risk, light weight.. IF price can sustain and consolidate below SMA-13, I would be more confident.

> IF price can breach 10,700 decisively

---> It has not breached decisively.. not yet..
Attached Image (click to enlarge)
Click to Enlarge Name: bitc.png Size: 103 KB
Meditate -> Workout -> Good Food = Good Life!
  • #59
  • Sep 4, 2019 10:10pm Sep 4, 2019 10:10pm
Quoting MarkGman
{quote} Stand by that prediction LOL. I feel the same way though Yellow. Looking for the upward momentum to continue.
Mate, this is not a business of predictions but speculations, one day, we are right and next day, same setup brings us loss.. nothing is predictable IMHO..
Meditate -> Workout -> Good Food = Good Life!
  • #60
  • Sep 5, 2019 1:08am Sep 5, 2019 1:08am
Quoting YellowFellow
{quote} Mate, this is not a business of predictions but speculations, one day, we are right and next day, same setup brings us loss.. nothing is predictable IMHO..
This comment + I noticed your signature.

You have a good grasp, my friend.
If you like my post throw me a Doge: D85YHaQ6nQTp4oT13sHoAZbETn3sADVnF8
0 traders viewing now