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Bitcoin trading calls

  • #1,261
  • May 30, 2026 12:51pm May 30, 2026 12:51pm
Quoting Zappa
Target at 88k would make this a 1:10 r/r trade. To be sure, I am barely EVER right about how a move will unfold, but I still like to try and visualize how it might look.
How was the fishing?
If you think you can or cannot do it you are correct
  • #1,262
  • May 30, 2026 7:53pm May 30, 2026 7:53pm
Quoting Olu
{quote} How was the fishing?
The boy caught a MONSTER!!!

Naw, we had a good time.
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  • #1,263
  • May 31, 2026 1:20am May 31, 2026 1:20am
Quoting Zappa
{quote} Best 2 books about trading I ever read were ones I mentioned before... Market Wizards: Interviews with Top Traders and The New Market Wizards: Conversations with America's Top Traders. Both books are classics
thanks Zappa.

what a fish! Congratulations to the little one!
Fishing trips as a kid are unforgettable. I hated it, but the sausages were good.
I won't give up.
  • #1,264
  • May 31, 2026 10:35am May 31, 2026 10:35am
Quoting Zappa
{quote} The boy caught a MONSTER!!! Naw, we had a good time. {image} {image}
It's the bonding that matters. No XBox or anything. Just time together.
Well done.
If you think you can or cannot do it you are correct
  • #1,265
  • May 31, 2026 11:13am May 31, 2026 11:13am
Hi all,
I am a bear looking for the 60k area. So this post is with bear tints.
Find uploaded a possibility based on EW (my interpretation).
I have marked a completed 5 wave move down from the highs around 81k.
Usually after a 5 wave move down there will be a 3 wave move in the opposite direction that could go 50% or 61.8% fib area as shown.
This is the 78k max area.
Price taking out 80k area means all the downmove has been a retracement and then we need to be looking at 100k+
The one thing that can scupper this idea is if the 5 low (72.4k) on the chart is not really the low.
But bitcoin is really due a tradable bounce.
Price over the weekend has tested 74.2k area and retreated.
I will be buying as close as possible to this low trying this idea out.
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If you think you can or cannot do it you are correct
  • #1,266
  • May 31, 2026 12:50pm May 31, 2026 12:50pm
Hello everyone, I'm new here.
I'm in Prop Firm and I'm currently in the testing phase.
I think we're in a bearish market and the BTC market is going to drop to 70k. That's what I think.
I'd like to know your opinion.
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  • #1,267
  • May 31, 2026 1:39pm May 31, 2026 1:39pm
Quoting tyopafe19
Hello everyone, I'm new here. I'm in Prop Firm and I'm currently in the testing phase. I think we're in a bearish market and the BTC market is going to drop to 70k. That's what I think. I'd like to know your opinion. {image}
Hi Tyopafe,
Welcome to the thread
I have a funded prop account as well. How are you finding the testing phase?
In answer to your question I am bearish Bitcoin and ETH but mulling over the possibility that the journey to 60k could be via 78k - price at 73.5k right now
Other traders on this thread have different opinions and that is why this thread is interesting.
If you think you can or cannot do it you are correct
  • #1,268
  • May 31, 2026 2:53pm May 31, 2026 2:53pm
Hi Olu ,
thanks for your reply.
For me, the testing phase is complicated. I started with a small 5k account with a target of 5,600. I'm trading 0.7 BTC lots. I'm currently at 5,050, I dropped to 4,800, then climbed to my high of 5,150, so I'm trying to learn from my mistakes (should I keep a trading journal?).
I'd like to take a short vacation in August, lol. Keep in mind that I'm in school all year except for those months.

Getting back to the market, it's interesting to see the charts and other people's opinions.
Are you independent?

Have you passed the testing phase? Anyway, we'll see how the market reacts tomorrow.

Sorry for changing the subject. haha
  • #1,269
  • May 31, 2026 4:13pm May 31, 2026 4:13pm
Quoting Olu
{quote} It's the bonding that matters. No XBox or anything. Just time together. Well done.
Exactly
I won't give up.
  • #1,270
  • May 31, 2026 6:13pm May 31, 2026 6:13pm
Quoting tyopafe19
Hi Olu , thanks for your reply. For me, the testing phase is complicated. I started with a small 5k account with a target of 5,600. I'm trading 0.7 BTC lots. I'm currently at 5,050, I dropped to 4,800, then climbed to my high of 5,150, so I'm trying to learn from my mistakes (should I keep a trading journal?). I'd like to take a short vacation in August, lol. Keep in mind that I'm in school all year except for those months. Getting back to the market, it's interesting to see the charts and other people's opinions. Are you independent? Have you passed...
Hi T
For a 5k account trading 0.7 BTC size is perhaps too much risk.
This instrument can move 1000 $ in a blink.
Too tight a stop will almost get you stopped out consistently.
Of course with the most careful trade placement you could get away with it.
But this is a rarity, liquidity sweeps can be as much as a $300 move
If you think you can or cannot do it you are correct
  • #1,271
  • Jun 1, 2026 5:55am Jun 1, 2026 5:55am
Quoting Olu
Hi all, I am a bear looking for the 60k area. So this post is with bear tints. Find uploaded a possibility based on EW (my interpretation). I have marked a completed 5 wave move down from the highs around 81k. Usually after a 5 wave move down there will be a 3 wave move in the opposite direction that could go 50% or 61.8% fib area as shown. This is the 78k max area. Price taking out 80k area means all the downmove has been a retracement and then we need to be looking at 100k+ The one thing that can scupper this idea is if the 5 low (72.4k) on the...
This idea is not playing out as expected.
I was expecting a slow creep downwards first before buying for the 78k area but this market appears to be moving downwards impulsively.
We haven't taken out the lows yet as shown on the chart but the whole market so far is in 'risk on' mode.
So why is bitcoin diving?
Price is only about 400 points from the lows right now.
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If you think you can or cannot do it you are correct
  • #1,272
  • Jun 1, 2026 7:13am Jun 1, 2026 7:13am
Quoting Olu
{quote} This idea is not playing out as expected. I was expecting a slow creep downwards first before buying for the 78k area but this market appears to be moving downwards impulsively. We haven't taken out the lows yet as shown on the chart but the whole market so far is in 'risk on' mode. So why is bitcoin diving? Price is only about 400 points from the lows right now. {image}
Market has sliced through the lows.
So the idea is wrong
ETH is dying as well but still above its recent lows
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If you think you can or cannot do it you are correct
  • #1,273
  • Jun 1, 2026 8:15am Jun 1, 2026 8:15am
Hi Olu, I made a mistake, I put a lot of 0.07, I forgot a 0, sorry. I'm taking free trades during the BTC drop. I think, in my opinion, there will be a reaction from buyers around 70500 or 70k.
  • #1,274
  • Jun 1, 2026 8:17am Jun 1, 2026 8:17am
I don’t know if its good but it respect my strategy
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  • #1,275
  • Jun 1, 2026 8:23am Jun 1, 2026 8:23am
Quoting tyopafe19
Hi Olu, I made a mistake, I put a lot of 0.07, I forgot a 0, sorry. I'm taking free trades during the BTC drop. I think, in my opinion, there will be a reaction from buyers around 70500 or 70k.
Thanks for the correction. Indeed 0.7 lots is 10x 0.07. That is fine I think. Much lower risk
As per your strategy, do you. Everyone on this thread trade their own money and do their own trades. We just exchange ideas.
Wish you well with passing the test. And well done on being in a free trade. You will cruise through your evaluation.
If you think you can or cannot do it you are correct
  • #1,276
  • Jun 1, 2026 8:31am Jun 1, 2026 8:31am
Thank you so much, Olu. Even though it's difficult, I love to persevere and live my dream life, haha. I'll continue to watch the forum and comment.
  • #1,277
  • Jun 1, 2026 8:33am Jun 1, 2026 8:33am
Quoting tyopafe19
Thank you so much, Olu. Even though it's difficult, I love to persevere and live my dream life, haha. I'll continue to watch the forum and comment.
Persevere and live our dream lives... That's what we all want to do. Well done on your trade.
If you think you can or cannot do it you are correct
  • #1,278
  • Jun 1, 2026 8:47am Jun 1, 2026 8:47am
do you know people here on this forum who are profitable ?
  • #1,279
  • Jun 1, 2026 9:20am Jun 1, 2026 9:20am
Quoting tyopafe19
do you know people here on this forum who are profitable ?
Yes.
I know you (from this trade), Zappa, MaGiix, myself but there are many more.
And I know this only because the traders at one time or the other published their positions.
If you think you can or cannot do it you are correct
  • #1,280
  • Jun 1, 2026 9:57am Jun 1, 2026 9:57am
hello everyone
i try something, we are of the blue tl in log and another confluence but market is bleeding not much confidence in this trade.
long 71400
sl 70600 (a bit tight)
tp76000 (maybe 74000)
hope your doing well
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I won't give up.
25 traders viewing now, 2 are registered:
MaGiix
,
Olu