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Bitcoin trading calls

  • #1,341
  • Edited 3:59am Jun 3, 3:06am (28 hr ago) | Edited 3:59am
Quoting Olu
{quote} I was looking for a retracement as well. To 70k to start. How would the shorts from higher take profits? By selling. And if there are loads of them price could go up. Right now, as I type, price is trying to move up. We need to cross 67425 and 67820. Then we can start to think 70k level. These are just my thoughts now. {image}
4h closed below red line. trade closed and reversed.
Yes, Olu, these are indeed key points. I was perhaps a little too quick again.
The wink was for having managed to wait for a candle to close

edit:yes I still have trouble correlating things
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I won't give up.
  • #1,342
  • Jun 3, 4:15am (27 hr ago) Jun 3, 4:15am (27 hr ago)
Candle looks good for a retracement but has not closed yet.
For daily chart traders this means us sitting on our hands till tomorrow.
Unless we have a secondary strategy screaming buy (or sell)
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If you think you can or cannot do it you are correct
  • #1,343
  • Jun 3, 4:52am (26 hr ago) Jun 3, 4:52am (26 hr ago)
newbie here, attemped a buy at just under 66k, targeting 70k
  • #1,344
  • Jun 3, 6:15am (25 hr ago) Jun 3, 6:15am (25 hr ago)
Quoting shay14
newbie here, attemped a buy at just under 66k, targeting 70k
Hi Shay14
Welcome to the thread. Well done if you got in.
I believe a retracement is due and have been bleating about it for a few days now
It might be fleeting. It might not be.
The trend is clearly down but it is massively oversold
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If you think you can or cannot do it you are correct
  • #1,345
  • Jun 3, 6:44am (24 hr ago) Jun 3, 6:44am (24 hr ago)
Quoting MaGiix
{quote} 4h closed below red line. trade closed and reversed. Yes, Olu, these are indeed key points. I was perhaps a little too quick again. The wink was for having managed to wait for a candle to close edit:yes I still have trouble correlating things {image}
looks like im two time wrong
we will see
I won't give up.
  • #1,346
  • Jun 3, 7:21am (24 hr ago) Jun 3, 7:21am (24 hr ago)
I don't know where this is going. I took a trade this morning and had to close it manually, otherwise I would have lost too much. But honestly, I don't know what the market will do. Right now, I think the smartest solution is to wait for a signal.
  • #1,347
  • Jun 3, 10:17am (21 hr ago) Jun 3, 10:17am (21 hr ago)
Quoting tyopafe19
I don't know where this is going. I took a trade this morning and had to close it manually, otherwise I would have lost too much. But honestly, I don't know what the market will do. Right now, I think the smartest solution is to wait for a signal.
Guys,
The markets are volatile right now and some TAs might not work.
My bread and butter trades in SP500 and gold did not work today as well.
Never mind. It is the nature of the markets.
Tyopafe16 I commend you for preserving capital. Without capital you are out of the game
If you think you can or cannot do it you are correct
  • #1,348
  • Jun 3, 10:21am (21 hr ago) Jun 3, 10:21am (21 hr ago)
Quoting MaGiix
{quote} looks like im two time wrong we will see
I is not over till the fat 'person' sings MaGiix
I would have been stopped out because of my tightened stop anyway. I was looking for more strength to the upside but it is now rolling over
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If you think you can or cannot do it you are correct
  • #1,349
  • Jun 3, 11:30am (20 hr ago) Jun 3, 11:30am (20 hr ago)
Hello folks!

Been trying to get my mojo back. Have taken a few scalps in other markets with mixed results. Trading small, very small. When you are in a funk like I've been in, best thing to do is trade trade with less. It limits the drawdown in case the streak continues. Just trying to get confidence back. Mostly been going over bad trades I've taken recently and trying to learn from the mistakes.
  • #1,350
  • Jun 3, 11:48am (19 hr ago) Jun 3, 11:48am (19 hr ago)
I know this is a BTC thread, but I just went long GOLD
  • #1,351
  • Jun 3, 11:50am (19 hr ago) Jun 3, 11:50am (19 hr ago)
Risking 0.25%

stop at 0
target at 4
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  • #1,352
  • Jun 3, 12:08pm (19 hr ago) Jun 3, 12:08pm (19 hr ago)
Quoting Zappa
I know this is a BTC thread, but I just went long GOLD
Hi Zappa
Welcome back. Good to take a break for a reset.
I trade gold as well. In fact gold and sp500. I have that trendline on my chart as well and have been eyeing it for 4550 area;
Would have been long but decided to wait for the ISM release which made the $ strong.
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If you think you can or cannot do it you are correct
  • #1,353
  • Jun 3, 12:10pm (19 hr ago) Jun 3, 12:10pm (19 hr ago)
Quoting Zappa
I know this is a BTC thread, but I just went long GOLD
You started the thread Zappa. We will talk about whatever you put on it
If you think you can or cannot do it you are correct
  • #1,354
  • Jun 3, 12:59pm (18 hr ago) Jun 3, 12:59pm (18 hr ago)
Quoting Olu
{quote} You started the thread Zappa. We will talk about whatever you put on it


Love ya brotha
  • #1,355
  • Jun 3, 1:02pm (18 hr ago) Jun 3, 1:02pm (18 hr ago)
Quoting Olu
{quote} Hi Zappa Welcome back. Good to take a break for a reset. I trade gold as well. In fact gold and sp500. I have that trendline on my chart as well and have been eyeing it for 4550 area; Would have been long but decided to wait for the ISM release which made the $ strong. {image}
Maybe one of us should start a thread for these other markets and call it "Whatever The Hell I Feel Like Trading Calls"
  • #1,356
  • Jun 3, 1:32pm (18 hr ago) Jun 3, 1:32pm (18 hr ago)
Quoting Olu
{quote} I is not over till the fat 'person' sings MaGiix I would have been stopped out because of my tightened stop anyway. I was looking for more strength to the upside but it is now rolling over {image}
yes
in the end i closed the trade just before tp.

hellop Zappa nice to see you back, was wondering where you had gone
I almost thought you had changed career and become a fisherman
I have always been interested in gold but I have never set foot there. This will be an opportunity to read you!
I won't give up.
  • #1,357
  • Jun 3, 3:03pm (16 hr ago) Jun 3, 3:03pm (16 hr ago)
Quoting MaGiix
{quote} yes in the end i closed the trade just before tp. hellop Zappa nice to see you back, was wondering where you had gone I almost thought you had changed career and become a fisherman I have always been interested in gold but I have never set foot there. This will be an opportunity to read you!
Haha, thank you Magiix. No, the only fishing i do is fishing for trades. Told my nephew before we went out the other day "I hope you know how to take the fish off the hook if you catch one, because I ain't grabbing that thing!".

With Gold, I have focused on BTC for a while now because of 24/7 trading access and volatility, and when I switched to Hyperliquid I didn't even pay attention to other markets available. But recently took a look and there are quite a few to choose from and nice thing is they are also 24/7 access. Some are a little too thin with liquidity though for me to trade, but Gold is fine.
  • #1,358
  • Jun 3, 4:35pm (14 hr ago) Jun 3, 4:35pm (14 hr ago)
Bitcoin has touched the first line (64.4k) and bounced off it.
Can we get a retracement please before I find myself at my 60k target please.
At this stage, I am only asking for 74k.
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If you think you can or cannot do it you are correct
  • #1,359
  • Jun 3, 4:41pm (14 hr ago) Jun 3, 4:41pm (14 hr ago)
ETH has already arrived at the bottom of the bear flag. All that is left is to retrace and go to the flag target
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If you think you can or cannot do it you are correct
  • #1,360
  • Jun 3, 5:41pm (13 hr ago) Jun 3, 5:41pm (13 hr ago)
Quoting Zappa
"Buy the rumor, sell the news" Looks like this rings true once again! If this turns into a blood bath (hoping it will), remember this area below. If not to buy, at least take profits a little bit before {image}
Tough pill for me to swallow that i was thinking down to 60k and went short around 81k May 14th and somehow got flipped around and started thinking UP not too long after.

That's really what I've been trying to understand these last few days.

I think it boils down to having had so many trades up to that point that were up a pretty decent amount, only to come back to b/e on me. Fucked with my mind. Had a decent profit on that short and then a Saturday of all days flipped me upside down (**see "Im a retard" post). Took profits and started thinking it was going to head higher soon. Wrote that post and still continued to do retarded things. Am I actually a retard?

Only positive i can take away is that I HAD the right outlook. Many mistakes to learn from though.
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