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Bitcoin trading calls

  • #1,441
  • Jun 11, 2:23pm (47 hr ago) Jun 11, 2:23pm (47 hr ago)
The Trump boost.
price is up 2k from yesterday's close
Earlier it was up 1.1k. 63.4k is now reachable.
Doing nothing right now. Waiting for the Trump effect to clear.
If anything I will be buying
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If you think you can or cannot do it you are correct
  • #1,442
  • Jun 11, 4:51pm (45 hr ago) Jun 11, 4:51pm (45 hr ago)
Swing trading.

Target 89.800 and then down to 55.900
Soy el Patron
  • #1,443
  • Jun 11, 10:04pm (40 hr ago) Jun 11, 10:04pm (40 hr ago)
Quoting ElCampeador
Swing trading. Target 89.800 and then down to 55.900
Wow. That is a bold statement. Can you shed more light on it?
Welcome to the thread.
I believe there will be a big upside but from much lower - 50k or thereabouts
If you think you can or cannot do it you are correct
  • #1,444
  • Jun 11, 10:08pm (40 hr ago) Jun 11, 10:08pm (40 hr ago)
very bold indeed
  • #1,445
  • Jun 11, 10:27pm (39 hr ago) Jun 11, 10:27pm (39 hr ago)
based on trumps supposed ending of the war do we believe tomorrow will be a very good day for btc and just the market in general?
  • #1,446
  • Jun 11, 10:42pm (39 hr ago) Jun 11, 10:42pm (39 hr ago)
Quoting rafter
based on trumps supposed ending of the war do we believe tomorrow will be a very good day for btc and just the market in general?
I agree Rafter. The euphoria will soon wear off though
If you think you can or cannot do it you are correct
  • #1,447
  • Jun 12, 1:19am (36 hr ago) Jun 12, 1:19am (36 hr ago)
I'll buy Bitcoin if it drops to 55k
  • #1,448
  • Jun 12, 4:04am (34 hr ago) Jun 12, 4:04am (34 hr ago)
Quoting xtraderforex
I'll buy Bitcoin if it drops to 55k
Hi xtraderforex,
Are you buying it at 55k just to trade it or to start to accumulate bitcoin for yourself?
I have read many online forums where people have plans to start to do the same.
They believe that the low will be in or nearly so at that price. They might even buy more if it goes down a bit more
I am not so sure though - who knows whether the low is even in now. I just trade the instrument
If you think you can or cannot do it you are correct
  • #1,449
  • Jun 12, 7:16am (31 hr ago) Jun 12, 7:16am (31 hr ago)
Bitcoin Outlook and Price structure

After a big downfall bitcoin took support of 59,000 on 5the June, and since then it has been consolidating withing a range of 64,200 - 59,000. Structurally breakout above 64,200 would be a bullish move, if price moves above that then it can retest the bearish trendline. however breakout below the level of 60,708 and 59,073 would lead to the continued move on the downside as outlook on the higher timeframes are already very bearish.

Below the immediate support of 59,000 next support is at the level of 52500.

For Educational Purposes only, Not an Investment Advice.

Any new perspective you want to add, Please feel free to mention below in the comment.

Regards CrazyTrades247.
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  • #1,450
  • Jun 12, 8:40am (29 hr ago) Jun 12, 8:40am (29 hr ago)
Quoting CrazyTrades
Bitcoin Outlook and Price structure After a big downfall bitcoin took support of 59,000 on 5the June, and since then it has been consolidating withing a range of 64,200 - 59,000. Structurally breakout above 64,200 would be a bullish move, if price moves above that then it can retest the bearish trendline. however breakout below the level of 60,708 and 59,073 would lead to the continued move on the downside as outlook on the higher timeframes are already very bearish. Below the immediate support of 59,000 next support is at the level of 52500. For...
Hi CrazyTrades,
We are aligned in our thinking.
I am looking for a nip to the upside out of the 64k - 59k range you mentioned and then a downdraft to new lows below 59k.
If you think you can or cannot do it you are correct
  • #1,451
  • Jun 12, 10:08am (28 hr ago) Jun 12, 10:08am (28 hr ago)
Took a small long at the red line.
War announcement provided the push up.
Monitoring closely.
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If you think you can or cannot do it you are correct
  • #1,452
  • Jun 12, 3:11pm (23 hr ago) Jun 12, 3:11pm (23 hr ago)
Quoting Olu
Took a small long at the red line. War announcement provided the push up. Monitoring closely. {image}
Trade closed with a loss.
No momentum to the upside.
When price starts to dive back into the breakout price and starts to make inroads to the downside I bailed out
Will reassess over the weekend
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If you think you can or cannot do it you are correct
  • #1,453
  • Jun 13, 3:25am (10 hr ago) Jun 13, 3:25am (10 hr ago)
Quoting Olu
{quote} Hi xtraderforex, Are you buying it at 55k just to trade it or to start to accumulate bitcoin for yourself? I have read many online forums where people have plans to start to do the same. They believe that the low will be in or nearly so at that price. They might even buy more if it goes down a bit more I am not so sure though - who knows whether the low is even in now. I just trade the instrument
I'll buy it and hold it. If it goes down a bit more I'll buy again
  • #1,454
  • Last Post: Jun 13, 1:22pm (55 min ago) Jun 13, 1:22pm (55 min ago)
Quoting xtraderforex
{quote}I'll buy it and hold it. If it goes down a bit more I'll buy again
Thanks for your answer. You are a 'holder' then.
This is a popular strategy. I have come across it on a lot of forums
If you think you can or cannot do it you are correct
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