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Trading Bitcoin with Trend lines and S/R

  • #261
  • Oct 15, 2019 7:10pm Oct 15, 2019 7:10pm
Quoting cryptocow
{quote} Hang in there
Only 74% down now
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  • #262
  • Oct 16, 2019 1:44am Oct 16, 2019 1:44am
Quoting TudorIoan
Daily bear market (-44% in weeks!!!) My D1 levels. {image}
Bearish pressure on 8000.
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  • #263
  • Oct 16, 2019 5:46am Oct 16, 2019 5:46am
I got two shorts right now..

SPikes in North are intact.. seeing price able to sustain below SMA-13 on H1
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  • #264
  • Oct 16, 2019 7:41am Oct 16, 2019 7:41am
Going down?
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  • #265
  • Oct 16, 2019 9:02am Oct 16, 2019 9:02am
Quoting TudorIoan
Going down?
I strongly think so.. the resistance at 8400 is as strong as it gets.. IMHO.
Meditate -> Workout -> Good Food = Good Life!
  • #266
  • Oct 16, 2019 9:26am Oct 16, 2019 9:26am
Quoting YellowFellow
I got two shorts right now.. SPikes in North are intact.. seeing price able to sustain below SMA-13 on H1 {image}
> SPikes in North are intact.. seeing price able to sustain below SMA-13 on H1

----> Like I said, SPikes in North are intact.. seeing price able to sustain below SMA-13 on H1

the pin-bars in the South pushing price up have been crushed..

The arrows highlighted in light-red were traps.

PS: Fresh CHart att..
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Meditate -> Workout -> Good Food = Good Life!
  • #267
  • Oct 16, 2019 5:14pm Oct 16, 2019 5:14pm
Quoting g-force
{quote} Only 74% down now {image}
Haha, that's quite the improvement!
  • #268
  • Oct 17, 2019 12:32am Oct 17, 2019 12:32am
Quoting TudorIoan
{quote} Bearish pressure on 8000. {image}
Quoting YellowFellow
{quote} I strongly think so.. the resistance at 8400 is as strong as it gets.. IMHO.
Oups, there we go!
Member
  • #269
  • Oct 17, 2019 1:14am Oct 17, 2019 1:14am
Quoting g-force
Bad trades happen to everyone you have to deal with it an move on. Just know that you are paying to allow the opportunity for winning trades. You can't score if you don't shoot even if all your mechanics are right. You also can't learn how to fix your mechanics if you don't practice shooting. Things are easier when you have this mindset, trading is a long journey. I'm currently in a trade that hasn't played out well and is down 286% right now. I sold BTC short at 8088 thinking that a key support level would blow open. I targeted 6874 for TP and...
This trade is now profitable
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  • #270
  • Oct 18, 2019 5:57am Oct 18, 2019 5:57am
Quoting TudorIoan
{quote} {quote} Oups, there we go!
Did you see the fall today?
Meditate -> Workout -> Good Food = Good Life!
  • #271
  • Oct 18, 2019 9:27am Oct 18, 2019 9:27am
Sure did. 8K support didn't last long at all.
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  • #272
  • Oct 18, 2019 3:30pm Oct 18, 2019 3:30pm
Quoting TMR
Sure did. 8K support didn't last long at all.
I don't think it is defeated quite yet. Unless it extends either in movement or in time, I think that is still a valid level. Let's see what happens...
  • #273
  • Oct 18, 2019 10:50pm Oct 18, 2019 10:50pm
Quoting vanillaice
{quote} I don't think it is defeated quite yet. Unless it extends either in movement or in time, I think that is still a valid level. Let's see what happens...
On H4 TF, we are still inside a range, on the lower side.. I believe a clear breakout will occur during next week.
Meditate -> Workout -> Good Food = Good Life!
  • #274
  • Edited 12:55am Oct 19, 2019 12:30am | Edited 12:55am
I think the 8K support area is being tested from September on higher time frames.
Now it looks like pretty much broken.
It could act as a resistance... let's see!
Member
  • #275
  • Oct 21, 2019 2:31pm Oct 21, 2019 2:31pm
Quoting YellowFellow
{quote} On H4 TF, we are still inside a range, on the lower side.. I believe a clear breakout will occur during next week.
I had my eye on this short-term support level on the Daily chart. Now a pretty interesting picture when you see it on the H4.
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  • #276
  • Edited 3:38pm Oct 21, 2019 3:08pm | Edited 3:38pm
The next leg looks to be down, will be watching closely because I would like to close the position relatively soon.
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Part of the problem is I see it going down to about 7730 in the near future but that is not enough to get me to TP.
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  • #277
  • Oct 22, 2019 3:06am Oct 22, 2019 3:06am
Quoting g-force
The next leg looks to be down, will be watching closely because I would like to close the position relatively soon. {image} Part of the problem is I see it going down to about 7730 in the near future but that is not enough to get me to TP. {image} {image}
If you add to your short position you could bring up your average entry price to around 8175 at the current mark price.
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  • #278
  • Oct 22, 2019 2:32pm Oct 22, 2019 2:32pm
BTC really wants to break through this resistance level imo. I think bulls will give it a good run tomorrow. After that, we should see a trend develop in whatever direction we settle tomorrow.
  • #279
  • Oct 22, 2019 9:38pm Oct 22, 2019 9:38pm
Quoting vanillaice
{quote} I had my eye on this short-term support level on the Daily chart. Now a pretty interesting picture when you see it on the H4. {image}
I have had quite a rough month by far, my TE suggests the same too.. I got one short BTC right now..

Going fwd, I'm gonna try to trade lesser and wait for as long as a week or two before trading seriously..
Meditate -> Workout -> Good Food = Good Life!
  • #280
  • Oct 22, 2019 9:38pm Oct 22, 2019 9:38pm
Quoting YellowFellow
{quote} I strongly think so.. the resistance at 8400 is as strong as it gets.. IMHO.
It appears that was a good view..
Meditate -> Workout -> Good Food = Good Life!
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