Bitcoin trading calls

Quoting Olu

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I have taken a small short against the highs of today

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Quoting Olu

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Oil collapsed. And then started recovering. Price running/manipulation? {image}

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Quoting Zappa

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{quote} You'd think oil would be at $150 with the mess in Iran. Just goes to show you how hard it is to trade off fundamentals

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Quoting Olu

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{quote} Indeed Zappa. Posted an Bitcoin hourly chart of today's price action. Ranging all day. Price even lost all the upside due to the downmove in crude oil Range trading saved the day for me. Another thing today, there was a bit of divergence with the stock market. The stock market is up but bitcoin is down. Makes me think downmoves in bitcoin will be more pronounced when the stock market moves down and less up when the stock market moves up if this bearish expectation is to happen {image}

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Quoting Zappa

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{quote} Been in a very tight range today. Not what I hoped for, but day isn't done yet. I hear what you're saying about what happens to BTC if stocks drop. I don't know. Bears are persistent little bastards, but bulls are buying it up too. Don't know if bears have the ammo to really blast it down, but maybe. Random strong buy orders make me leery of going short if stopped out.

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Quoting Olu

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{quote} I hear you. And indeed to day is not done yet. There will be profit taking and positioning for the weekend by market participants If I am not stopped out I have a tiny short still on now. Its stop is tightish and may not last the day Luckily bitcoin trades over the weekend. Price could try and attack the 77450 low

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Quoting Ultras

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Looking at 4H chart - The price may go down to retest the FIB levels 38-61 areas before more up (green box). {image}

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Quoting Kizzya

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{quote} Hello bro! Maybe my English is bad, but I would like to clarify, the cue ball is currently trading in the 77800 zone~ I am also in a long position, somewhere up to 80k today I looked at the USDTD chart and now the picture is that we are testing the trend line, and if we break it, then the long btc is canceled,what do you think ?

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Quoting fireflycrypt

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{quote} i will use your chart as an example, every low in history has had some sort of a po3 aka range, manipulation, expansion or at minimum a model 2 accumulation with significant liquidity to the upside which obviously is an aspect of a po3. What do we have here to bottom out, ok we hit A macro demand zone fine, but what did we do in that demand zone, there's no wyckoff accumulation going on, actually this is just setting up a bearish po3, I see 0 reason and nothing in history backs up that this will be the low we can talk about the supply and...

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Quoting Zappa

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Call me crazy, but i still think my long position has a good chance of not getting stopped out. This bearish move looks very weak. I am setting a target on this now though. Target is 81,800. A few things lining up around 82k and its about to be the weekend. Decided im just going to assume the stair steps moves will continue until proven otherwise. Maybe we are in for a big move up (and mayeb not too), but it might just chop its way up for a while. I dont know. All I do know is ive had many, many trades lately that I shouldve taken profits sooner...

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Quoting fireflycrypt

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{quote} Chill, I'm not saying YOU'RE lying or YOU'RE creating false hope, I was saying the entire space of the government involvement etc, I'm not coming at YOU, I'm sharing my thoughts and showing the history of btc and what it's never done before and what it has always done and what it repeated even last range, you can disagree with me and do what you like, im just tryna show you the perspective of whats always happened at every major bottom and where it has never majorly bottomed and why, if you believe the supply and demand and wanna go over...

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Quoting Olu

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{quote} Hi Zappa, Thanks for a the post. Worthy of gentle reflection. I know someone as well, very successful at trading that shoots for 1:4 most times. His trades usually have small stops and the targets are usually usually well within the average daily ATR. When I told him about a 500 pip stoploss in bitcoin he whistled. He said he was sure he could be tighter than that on my time frame. I said I was coming to see him. I will let you know any nuggets I glean from him. Personally I tend to trade 1:open and manually close. The trades, like for all...

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