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Bitcoin (BTCUSD)

  • #581
  • Mar 21, 2024 6:14am Mar 21, 2024 6:14am
I am selling around here and will keep selling all the way to 60 if needed. Price will most likely hit around 51-52 next move down, check the symmetry on the daily. Cheers.
TechKnow
  • #582
  • Mar 21, 2024 1:09pm Mar 21, 2024 1:09pm
Quoting Techknow
I am selling around here and will keep selling all the way to 60 if needed. Price will most likely hit around 51-52 next move down, check the symmetry on the daily. Cheers.
Love hate relationship that Bitcoin. It’s made and lost me a lot of money at the same time!
  • #583
  • Mar 21, 2024 1:13pm Mar 21, 2024 1:13pm
Quoting Markyboi
{quote} Love hate relationship that Bitcoin. It’s made and lost me a lot of money at the same time!
Haha ive done over 800 trades on bitcoin in the last 2 months getting out of the worst accidental hedge of all time. I think in that process, i wrangled the waves pretty well. But i only mess with it on the most obvious of set ups possible, otherwise...RIP, gold much better
TechKnow
  • #584
  • Mar 21, 2024 1:27pm Mar 21, 2024 1:27pm
Quoting Techknow
{quote} Haha ive done over 800 trades on bitcoin in the last 2 months getting out of the worst accidental hedge of all time. I think in that process, i wrangled the waves pretty well. But i only mess with it on the most obvious of set ups possible, otherwise...RIP, gold much better
fair play…. Yes agreed, gold is more stable for sure
  • #585
  • Mar 21, 2024 2:31pm Mar 21, 2024 2:31pm
Quoting Techknow
I am selling around here and will keep selling all the way to 60 if needed. Price will most likely hit around 51-52 next move down, check the symmetry on the daily. Cheers.
Hi Tech, may I ask your estimation on when you think this will be the case? A lot of ups and downs inbetween?
  • #586
  • Mar 22, 2024 2:01am Mar 22, 2024 2:01am
Quoting markyboi
{quote} love hate relationship that bitcoin. It’s made and lost me a lot of money at the same time!
stop selling your satoshis!
Grit; Knowledge; Right Mindset; All you need to overcome. KIS!
  • #587
  • Mar 22, 2024 2:29am Mar 22, 2024 2:29am
Quoting Markyboi
{quote} Hi Tech, may I ask your estimation on when you think this will be the case? A lot of ups and downs inbetween?
This is bitcoin, and bitcoin doesn't have tons of support and resistance built up around these levels yet. I would expect lots and lots of wiggles. If you
can't handle crazy exaggerated candles and have at least 1k in your account at the VERY MINIMUM, you should not even put on a .01 trade. I wouldnt recomend trading BIT with less than 3k and that is still pushing it if you are a newbie. Trade gold. But that being said, I'm still happily short in profit and will hold it to the 53 areas before a new high. Stops in profit already. Now if price spiked up past 71k i would think about changing my mind but to me, 69134 is the high for now
TechKnow
  • #588
  • Mar 22, 2024 3:35am Mar 22, 2024 3:35am
Quoting Techknow
{quote} This is bitcoin, and bitcoin doesn't have tons of support and resistance built up around these levels yet. I would expect lots and lots of wiggles. If you can't handle crazy exaggerated candles and have at least 1k in your account at the VERY MINIMUM, you should not even put on a .01 trade. I wouldnt recomend trading BIT with less than 3k and that is still pushing it if you are a newbie. Trade gold. But that being said, I'm still happily short in profit and will hold it to the 53 areas before a new high. Stops in profit already. Now if price...
Thank you sir. My trading experience over the past few months, since starting has been a rollercoaster to say the least . Your inputs are always much appreciated .
  • #589
  • Mar 22, 2024 3:48am Mar 22, 2024 3:48am
Quoting Markyboi
{quote} Thank you sir. My trading experience over the past few months, since starting has been a rollercoaster to say the least . Your inputs are always much appreciated .
If you are new to trading, you should be playing around with EURUSD and USDJPY. They are much less dangerous and will help you learn
the ins and outs better. Gold if you need the movement and adrenaline. Diving into bitcoin out the gate is a stroooong move my friend. 18 years of experience here in all markets and bitcoin still tosses me around from time to time lol. Be careful. especially in new territory, for all instruments, not just bitcoin!
TechKnow
  • #590
  • Mar 22, 2024 10:17am Mar 22, 2024 10:17am
Will add on short on this bounce if it goes much higher.
TechKnow
  • #591
  • Mar 22, 2024 10:46am Mar 22, 2024 10:46am
Something like this
Attached Image (click to enlarge)
Click to Enlarge Name: BTCUSD_2024-03-22_22-45-52.png Size: 32 KB
TechKnow
  • #592
  • Mar 22, 2024 11:06am Mar 22, 2024 11:06am
Quoting Techknow
Something like this {image}
Or it may just think…… I’m way above my true value, let me plummet some more!
  • #593
  • Mar 22, 2024 11:38am Mar 22, 2024 11:38am
Quoting Markyboi
{quote} Or it may just think…… I’m way above my true value, let me plummet some more!
Whatever its thinking is fine as long as it goes down, lol
TechKnow
  • #594
  • Mar 22, 2024 11:55am Mar 22, 2024 11:55am
Quoting Techknow
Something like this {image}
this may be a likely scenario, I think the bounce could come at the 62k area or just below, then up to 65/66k before coming down to 60k area.
  • #595
  • Mar 22, 2024 6:47pm Mar 22, 2024 6:47pm
Since bat was triggered on the 4 hourly , btc / usd just looking at the 4 hourly has gone higher twice at level now maybe 3rd time lucky to type 2 on the 4 hourly 68869 is in play
  • #596
  • Edited 4:37am Mar 23, 2024 4:13am | Edited 4:37am
Quoting Techknow
Something like this {image}
Bro that's a Descending Broadening Wedge with 3/4 touch downs!
Signifies a bullish continuation and would likely break out that upper trend line.
You don't want to mess with this pattern.
Well anything is possible.

BTC H4.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 22 KB
Grit; Knowledge; Right Mindset; All you need to overcome. KIS!
  • #597
  • Mar 23, 2024 4:44am Mar 23, 2024 4:44am
Quoting pipibrasci
{quote} Bro that's a Descending Broadening Wedge with 3/4 touch downs! Signifies a bullish continuation and would likely break out that upper trend line. You don't want to mess with this pattern. Well anything is possible. BTC H4. {image}


Happily messing with it. This is Bit going to 69 is light work, great place to add if it makes it there. I would expect it to break that upper trend line or at least try, but it doesnt change my bearish stance unless we close above 69134
TechKnow
  • #598
  • Mar 23, 2024 4:47am Mar 23, 2024 4:47am
Attached Image (click to enlarge)
Click to Enlarge Name: BTCUSD_2024-03-23_16-47-20.png Size: 38 KB
TechKnow
  • #599
  • Mar 23, 2024 5:27am Mar 23, 2024 5:27am
Zoomed in, if you can 't handle the swings, you can always throw a cheeky long in here to make a little on both sides and mitigate any damage. I personally trade bitcoin with the lightest possible positions so I don't get chewed up by the monster swings.
Attached Image (click to enlarge)
Click to Enlarge Name: BTCUSD_2024-03-23_17-26-03.png Size: 35 KB
TechKnow
  • #600
  • Mar 23, 2024 5:57am Mar 23, 2024 5:57am
Quoting Techknow
{quote} Happily messing with it. This is Bit going to 69 is light work, great place to add if it makes it there. I would expect it to break that upper trend line or at least try, but it doesnt change my bearish stance unless we close above 69134
"Happily messing with it"

oh well.
Grit; Knowledge; Right Mindset; All you need to overcome. KIS!
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