I suggest you use $ as a benchmark, because the difference in the price of BTC in a few months is very high, even though you get a lot of BTC but if the price falls you will experience a big loss
good luck in your trade
hi Murondi,good luck in your trade
it is a good point you bring up there.
I decided when i started to accumulate as many btc as possible.
especially now the gains in $ are not giving me a good hourly but my plan is different. I'm having a n "ok" income and dont need the crypto money. so iam only doing it here to accumulate as many btc as possible hoping for another parabolic bull run in 2-4 years. that could be life changing money
.ofcourse if i would knew that btc drops further i could put $ aside to buy in with more btc. but i can also long TUSD for that.
unfortunately i missed the short on the way down and have to admit that i got suprised by the momentum of the drop. in my initial post i talked about that i think we will go to 3k but i didnt think it would go there so fast.
i set up every thing now to buy more btc if we drop below 3k for long time hodling. if i do so i will post it here too - opening a long term trade seeing how it goes.
but yeah ..due to the huge drop in value iam already experiencing a change in trading dynamic. usually i trade 4k$+ position but with regards of equivalent in BTC iam taking a too big of risk for my trading plan if i adjust the positionssize in BTC to the upside.
its weird to scalp 2% with a 0,5btc position for 35$. feels like not worth the effort. or monitoring 6 position with 1.5k $ value each ...
so maybe i will scalp more again with bigger positions sizes (relative to the account size). basically the trading style i had when i startet wqith 0,3 btc. but its tougher to post that since often it was an in and out within minutes. need to figure out how it will go. maybne i will just post the more swingy setups here. lets see.
Hi all,
first of all my opinion about btc.
short term (days / weeks): undecided - bearish tendency
mid termn (months): bearish
longterm (years): bullish
So since I'm trading and hodling btc meanwhile it wouldn't make much sense to do all that thinking btc will die. So as already mentioned i try to accumulate as many btc as possible before the next bull run. I bought in when BTC was at 11900 $ and just try to outtrade the bear market.
However I believe that we have alot of consolidation ahead and I'm talking 12-18 months. Only when 95% of the traders have left the scene, not looking into their accounts because they dont want to feel the agony of being down 90%+ on most of their holdings - then the chances are good to see another cycle. Too many didnt deserve the huge gains they made and usualy the market takes it back.
While going down even more i think 3k is an area where i would even like to invest longterm and i will buy my kids 1 btc each on that price to hodl it for years.
Maybe we will see 8k or even 10k before going down further but i doubt we will go from here and never look back.
Additionally I think the whole cryptosphere is extremely shady and the recent bitfinex bitmex tether issues are making me puke - so yeah I'm also prepared to lose my btc's.
IF we really are at the low here I wouldn't mind either. Trading in a bull market is alot easier than in a bear market. Only my kids wouldnt have 1 btc.
LLG
first of all my opinion about btc.
short term (days / weeks): undecided - bearish tendency
mid termn (months): bearish
longterm (years): bullish
So since I'm trading and hodling btc meanwhile it wouldn't make much sense to do all that thinking btc will die. So as already mentioned i try to accumulate as many btc as possible before the next bull run. I bought in when BTC was at 11900 $ and just try to outtrade the bear market.
However I believe that we have alot of consolidation ahead and I'm talking 12-18 months. Only when 95% of the traders have left the scene, not looking into their accounts because they dont want to feel the agony of being down 90%+ on most of their holdings - then the chances are good to see another cycle. Too many didnt deserve the huge gains they made and usualy the market takes it back.
While going down even more i think 3k is an area where i would even like to invest longterm and i will buy my kids 1 btc each on that price to hodl it for years.
Maybe we will see 8k or even 10k before going down further but i doubt we will go from here and never look back.
Additionally I think the whole cryptosphere is extremely shady and the recent bitfinex bitmex tether issues are making me puke - so yeah I'm also prepared to lose my btc's.
IF we really are at the low here I wouldn't mind either. Trading in a bull market is alot easier than in a bear market. Only my kids wouldnt have 1 btc
.LLG
so that was in october...basical short and mid term bearish was spot on ..but i couldn't capitalize on that.
i think we will see new lows and i plan to buy in then for long term. when we dropt to 3.15k i checked if i could purchase btc but it turned out that i got an issue with my coinbase acocunt which i used january 2018 first and last time. so i had to find another way which took 2 weeks to setup. but iam ready now. from 3k on i will try to buy in hoping for a panic drop well below 3k.
short 15 BCHABC at 0,042 on bitmex
target 1 around 0,04
target 2 around 0,036
nasty daily candle, broke support here which should be resistance now.
long 1993 EOS at 70 - stop 6959. scalp at the 15min chart. targeting the 38.2 retrace of the downmove from 74. like the last reversale candle with retest. EOS overall strong. very nice chart. but BTC is a risk
EOS stopped out at 6948 for a loss of 0,012 btc (0,9%)
ICX has a nice chart.
above 700 it looks very good. - watchlist
Long 7775 icx at 706. broke the 700 giving it a try
short 15 BCHABC at 0,042 on bitmex
target 1 around 0,04
target 2 around 0,036
nasty daily candle, broke support here which should be resistance now.
target 1 around 0,04
target 2 around 0,036
nasty daily candle, broke support here which should be resistance now.
BCHABC just hit my target at 0,042 - was my buy order yesterday. unfortunately i got stopped out before.
closed short for a loss of 1% or 0,01 btc.
Long 150k DOCK at 234
random shit coin long. i like the stop loss hunt mid december. now a volume spike.
tight stop loss 229. no room for those coins.
Long 7775 icx at 706. broke the 700 giving it a try
Sold 7775 ICX at 699 for a loss of 1,1% or 0,006 btc
tiny loss but didnt like the hard drop right now below 700.
speculation was that it would lift up after retesting 700. now i think we will see a deeper consolidation. entry area betwen 670-680 would be nice.
still watch list
TRX looking good. maybe i long a potential pullback to 530-535 with a 3-4% stop loss. next target after breaking 560 would be 630-650 giving a nice R:R
not much working this year so far
.TRX breaking out (577 already) without the pullback i planned to long and ICX is at high again which means i got shaken out...
long 25k XLM at 2980 -stop loss 2963
trying to anticipate a break to the upside here because of increasing volume. but tight stop. i dont want to risk much atm to get a feeling for the market again. ...i could also observe but yeah
...my problem is overtrading 60btc buywall at 2964 which is mainly real i guess (got tested before)
nice break for PIVX - plan was to buy the break of 2300 ...missed it
long 19855 BAT at 3577 stop loss 3539
Long 150k DOCK at 234
random shit coin long. i like the stop loss hunt mid december. now a volume spike.
tight stop loss 229. no room for those coins.
random shit coin long. i like the stop loss hunt mid december. now a volume spike.
tight stop loss 229. no room for those coins.
currently at 238.putting stop loss up to 232. i dont give those coins room. if its going then good, if not i get rid of it.
calling it a night - sitting in DOCK BAT XLM and GVT.
GVT still biggest position. its approching 11000 right now - maybe we finally see an upswing again. would be nice, chart is not looking bad.
good night
hi all
XLM stopped out at 2961 for a loss of 0,8% or 0,006btc
BAT stopped out at 3527 for a loss of 1,5% or 0,011 btc
alot of negative trades (5 in a row) but trying to keep losses small so its all good.
the first trade (ONT) resulted in the same loss btc wise than the following 4 combined. so itss important if not much is working cuttng down postions sizes, or keeping losses small (very tight stops) or both.
iam at the moment trying to keep tight stops because i dont trust the market at all but also want to get into trading again (patience and observing would be the best i guess ...but yeah ...my weakness..)
KMD looking good, bounced nicely of support. no volume yet. watchlist
long 31,7 BCHSV at 22955
EDIT STOP loss now at 22699 - around 1% risk left
20 BCHABC long at bitmex at 0,0416 because BCH SV seems to really move
Long 1500 pivx at 2351
edit . did add 1000 at 2380 stop loss for all not 2340
PIVX stopped out for a loss of 0,01 btc
BCHABC and SV also with a deep consolidation of the upmove - not looking so good.
annoying cycle i'm in now. in my A-game i take 2-4% gains per trade but since my subconcious wants to compensate the losses i basically use scalp setups for swings looking for the 7-15% gains which are way less likely.
closed BCHSV at 22877 for a loss of 0,003 btc and BCHABC at 0,0418 for a gain of 0,003 btc so basically break even ... i was up 0,05 btc on the positions 15 min after entry this morning. annoying.
91k ADA long 1182
91k ADA long 1182
basically cought the breakout. actually it went already into my target zone ...but didnt have a sell order there. didnt expect the violent upmove.