D
Deleted member 657006
Guest
Not btc big drops .
Whats hot in crypto right now?
- Thread starter Scorpion Ghost
- Start date
D
Deleted member 1333509
Guest
I was actually more sure that it would make it to $47K as well than dump at $42/$41.5 mate - if someone asked me to pick one of the other I would have got it completely wrong. It just seemed at $42 that the energy quickly changed, and there were indicators that supported that as well (accum/dist, RSI and ADP both supported it).You were spot on. I was expecting it as well, but in my view it could have happened later. I was actually expecting a pump towards 47k levels and then a correction.
What helped you time it so good? BTC started tanking more or less when you said it would. In the event you're not a whale, what helped you time it so well? Did you use any indicators, fibonacci sequences?
Care to share a bit more?
I used fibonacci retracement in conjunction with MA and EMA and look for convergences between them, and historic levels of support/resistance, or even better - for major fib retracement events ($47K is undoubtedly an important price because it's retracement stems from the 2017 bull run.
I actually shorted all in at around $41K because of the switch in energy, but pulled the parachute a few K too early on the way down. When it gets up to $47K I would expect a major event, and if it moved up past $42K it would have for sure stopped at $47K next.
What made $47K stand out to you man? Fib retracement or something else?
Last edited by a moderator:
TheWicker
Senior Member
- May 15, 2008
- 810
- 270
Congrats on the short! I waited too long with this one. I still caught a few extra altcoins by doing a swing trade later on, but it was really risky. I shouldn't repeat that. I'm making a note to myself here
I'm looking at the charts in mostly pure form. I find that most indicators only add to the confusion and disturb the clarity of a clear chart.
Price action, support/resistance levels and historic patterns are the indicators for my mind. I only have the moving averages added to the chart at all times. I may occasionally plot a DMI or RSI, but most of the time they are a distraction to me. I prefer to predict the future with candles.
I do occasional altcoin trades. Either in between them or with tether. I try to keep the trades to minimal. I validate the trades with the long term movement of BTC and total crypto Market Cap and how it is moving.
MoneyHuntrr
Registered Member
- Nov 12, 2020
- 62
- 46
IN crypto happens the same sh*t that happens every 2 years
Its like a crypto cycle.
Its like a crypto cycle.
nopolice
Banned - Shitlisted and did not do the right thing
- Jun 11, 2020
- 390
- 98
It's a legalized scam.
https://www.forbes.com/sites/billybambrough/2019/08/18/ripples-xrp-branded-scam-by-bitcoin-analyst-as-lawsuit-row-intensifies/?sh=6e36dd9c1457
DunderMannen
Elite Member
- Sep 11, 2019
- 2,136
- 1,985
I can't believe my eyes right now I think?
Are you guys seriousy telling OP to invest @ ATH?
To OP: don't fall for the fomo and wait for it to drop is my opinion. Never invest at ATH, that's literally rule #1...
Are you guys seriousy telling OP to invest @ ATH?
To OP: don't fall for the fomo and wait for it to drop is my opinion. Never invest at ATH, that's literally rule #1...
D
Deleted member 1333509
Guest
Yeah I only trade alts normally because they give better returns, but would have done better over the last few months with BTC (ofc). The next few months are an alt trader's wet dream imo so will be staying strong and hoping for some major action.Congrats on the short! I waited too long with this one. I still caught a few extra altcoins by doing a swing trade later on, but it was really risky. I shouldn't repeat that. I'm making a note to myself here
I'm looking at the charts in mostly pure form. I find that most indicators only add to the confusion and disturb the clarity of a clear chart.
Price action, support/resistance levels and historic patterns are the indicators for my mind. I only have the moving averages added to the chart at all times. I may occasionally plot a DMI or RSI, but most of the time they are a distraction to me. I prefer to predict the future with candles.
I do occasional altcoin trades. Either in between them or with tether. I try to keep the trades to minimal. I validate the trades with the long term movement of BTC and total crypto Market Cap and how it is moving.
I get your point, but sometimes things are a bit more nuanced than that.
Was investing at the ATH of $20K a good move? It went 2X from there.
What about the ATH at $22K? The one at $25K. After any of the small corrections on the way to $42K? What about if now the price reverts and goes to $50K and never comes back to this point?
You may end up hoping that it comes down softly to the perfect entry point at $20K or whatever, but the market doesn't normally make things easy for retail traders - in fact that's the whole point.
- Oct 17, 2008
- 1,638
- 780
Mate I'm buying into LTC with whatever I can get my hands onto. BTC probably will get to 100k at some stage but is unlikely to remain the 'default' crypto in the long term.
I remember the days of being listed in the Yahoo directory was a MUST (along with DMOZ - good luck) and then Google came and smashed Yahoo to pieces. I think it'll be the same with Bitcoin, just a case of what will replace it.
ETH certainly has a great use case but I don't think it will become the main crypto player in the long term.
I remember the days of being listed in the Yahoo directory was a MUST (along with DMOZ - good luck) and then Google came and smashed Yahoo to pieces. I think it'll be the same with Bitcoin, just a case of what will replace it.
ETH certainly has a great use case but I don't think it will become the main crypto player in the long term.
D
Deleted member 1333509
Guest
I've always really struggled to see the significant value in LTC.
Some slight mods compared to BTC, without the widespread ubiquity, the trust, or the brand. It's never seemed to me like it offers big solutions that haven't already been solved.
ETH/Ethereum on the other hand has the potential to revolutionise so many different industries and become the underlying protocol of much of the internet activity of the future. If ETH overtook BTC as largest by marketcap this run it wouldn't surprise me at all tbh, heavily dependant on the rollout of ETH 2.0.
UserU
Registered Member
- Dec 3, 2020
- 97
- 68
There are those that go along the lines of "If you can't handle its 100% loss, you don't deserve its 1000% gains"
TheWicker
Senior Member
- May 15, 2008
- 810
- 270
Can't figure out whether this is sarcasm or not.
I made my biggest crypto investment when BTC was near all time high in December. Granted I did not invest in BTC, but alts, however the whole industry still moves just as BTC dictates.
While your reasoning is very understandable, it's not always the case. The world is changing and I personally have difficulties imagining a future without blockchain.
Last edited:
- May 30, 2019
- 13,471
- 10,662
The ships are about to sink.
https://www.blackhatworld.com/seo/w...-crash-in-50-100-years.1295487/#post-13960376
https://www.blackhatworld.com/seo/w...-crash-in-50-100-years.1295487/#post-13960376
BrandingCat
Elite Member
- Jan 6, 2015
- 8,119
- 10,311
I have Elrond and Atom, not sure if I do a good investment with ATOM but is just 800 USD in, at the moment it's just dancing.
BuyTricycle
Regular Member
- Aug 10, 2017
- 258
- 139
pick up some vechain and thank me later
fasttrak
Elite Member
- Sep 12, 2016
- 3,514
- 3,986
What Alts are you trading and which ones do you see as
worth a punt <$0.30
potential for 5 x >$2
solid choice 2-3 x >$10
I got out of my XRP position in tact and looking to split my investment across a few alts + have a bit to day trade to increase bank roll.
Appreciate your thoughts.