Quote from: ophyrim on May 31, 2023, 07:14:03 PM

Quote from: JayJuanGee on May 31, 2023, 06:15:32 PM

Quote from: ophyrim on May 31, 2023, 08:48:35 AM

We are going to see a breakout sooner or later. The market continues to squeeze. The probability of an upside breakout is higher than a downside breakout.
Here.

You too?

Let me repeat my earlier questions .. at least you are saying that the price of dee cornz is likely to go up rather than down, but you are not giving much of a when, and you are also not providing much of a how much neither.

Gawd help me to help my lil selfie!!!!!! alternatively, if this prayer for gawd does not help, maybe either you, ophyrim, can help or alternatively Subbir will be able to provide some helpenings to yours truly (and other WO thread readers).

You asked me "when?" Only a fortuneteller can know the answer to this question, not a trader. A trader does not trade according to predictions, he/she trades according to probabilities. You wait, whatever possibility occurs, you take a position according to that situation. If the formation breaks the upside you buy, if the formation breaks the downside you sell that's how a trade works, nothing more. However, I can say that the probability of realization of this break in about 50 days is very high.

Yes.. and sometimes the trader will preemptively strike and take a position such as buy BTC if s/he thinks the BTC price is going up and sell BTC if s/he thinks it is going down. Sometimes when they are wrong, they have not sufficiently hedged themselves, which may well mean that they miscalculated the probabilities including that they might not even sufficiently understand the asset in which they are assigning probabilities, which might contribute to their selling BTC on the way down.. and you should not be selling your cornz... Angry

especially under $20k (like back in late 2022) and then failing refusing to buy them back around $16k (also in late 2022) because you are expecting lower than $12k prices.

If you might not have had realized, there are ways to attempt to manage your BTC stash without trying to be too much of a nostradamus in regards to the matter, also... but yeah, that also might have some attempts at predictive aspects with expectations that in the long term BTC prices are likely to go up and in the short term not really knowing if they might go up or down, but that the prudent/reasonable ways to manage your BTC stash is to error on the side of accumulating and holding and mostly, if not completely, skip the selling part until your stash is sufficiently large enough that you have mostly passed out of BTC accumulation stages.

So in that regard, it would be good for you to know where you are at in your bitcoin journey including if you are trying to accumulate more BTC or are you in another stage, such as maintenance or liquidation.. which may well affect how you decide to manage your stash and if you believe that selling helps to meet your objectives.. .which might not be very much tied to whether the BTC price might go up or down in the short-term.. even if there can be ways to take advantage of buying on the way down and selling on the way up.. as you seemed to suggest as one of the "trading" strategies, but instead that might be considered a maintenance strategy, also..