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BitCoin/Crypto Trading Journey 1.5k to 15k

Discussion in 'CryptoCurrency' started by anil2006, May 13, 2018.

  1. anil2006

    anil2006 Power Member

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    I use technical analysis to decide entry and exit and do trades almost every other day.

    I start i was losing money but slowly started to protect my asset and start making some profits.

    In last two weeks i made around 30% profit using trading. In start i used to hold but that was making me loss so i left holding and started trading.

    My main focus is to increase amount of bitcoins as i believe it will explode very soon even if market is down right now. But increasing USD is also important so i will report my asset in BTC and USD both.

    I have another successful journey running in money making section and from that you can see i am kinda long term guy and try to have patience in Business and trading as well.

    Hope you guys will benefit from my experience and knowledge and be inspired to make profit by seeing my moves daily.

    I use tradingview for charting and technical analysis and try to update this thread daily for every other day. Or if there is some major move . I will start with today's scene and prediction for upcoming days:

    13th may Chart:

    After getting rejected from a major resistance at 10k, BTC dumped to around 8.2k and now hanging around 8.5k . It is making a big triangle which can turn in big bear flag and may dump BTC to 7.2k once triangle completes , which is expected to complete at E of ABCDE (check chart). E point is known to overshoot or undershoot so do not get surprised if it does not play perfectly .
    Remember no TA is 100% correct but even if you can make it correct 50% of time with good risk reward and money management , you will be in profit at end of week or month. Keep an eye on resistance of triangle , it needs to break 8600 and stay above to go up, otherwise down.
    Currently i am in USD and waiting for a position to enter if it goes up otherwise will stay in USD till i see a level from where i will go up .
    [​IMG]
     
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  2. krishnaverma

    krishnaverma Jr. VIP Jr. VIP

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    In what duration you want to achieve this ?
     
  3. Textsurfer

    Textsurfer Junior Member

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    Nice thread OP.
    This can benefit lots of people if you keep updating it with good info. I am a complete TA noob, but hopefully I will learn a thing or two thanks to this thread.
     
  4. anil2006

    anil2006 Power Member

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    I have not fixed it but max around 6 months as current market scene. But i hope to achieve earlier as my experience and expertise increase.
     
  5. krishnaverma

    krishnaverma Jr. VIP Jr. VIP

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    Can be done in six months . All the best.
     
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  6. Alexpaberla

    Alexpaberla Junior Member

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    Can be done in 1 Month too if you know when you have to hop in the boat x10-x30 was easy to make on December-january
     
  7. LostKing

    LostKing Senior Member

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    What`s with these Journey threads lately ?
    Now everyone is in some journey :D
     
  8. krishnaverma

    krishnaverma Jr. VIP Jr. VIP

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    Isn't is good ? If they complete it (even with failure), it is an achievement.
     
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  9. proxified

    proxified Jr. VIP Jr. VIP Premium Member UnGagged Attendee

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    Well holding coins isnt that bad as you feel it is. As long as you comply with basic fundamentals of trading you will always end up multiplying.

    Many coins went 100x 1000x and even 10000x but only those benefitted most who knew the power of HODL. Btc grew from $0.02 to $20,000 thats about a million times growth but those who HODL makes the most of it.
     
  10. anil2006

    anil2006 Power Member

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    Ya, but that season have yet to come.

    Yes, but i am telling my experience .
     
  11. Nut-Nights

    Nut-Nights Jr. VIP Jr. VIP

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    I dont have much faith in btc but still best of luck OP
     
  12. hero76

    hero76 Supreme Member

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    Wondering why OP is not going after alt coins and concentrated on btc only.

    Real money is finding that alt coin that jumps 40% in one day. Btc will no longer do that.

    Btw crypto market is up roughly 7% from yesterday. Best day to invest has always been saturdays as market activity is low. Best day to sell is thursdays.
     
  13. Hitkey07

    Hitkey07 Newbie

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    Interesting journey wish you good luck
     
  14. viivii

    viivii Regular Member

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    drawing lines is full bullshit, crypto dont work on lines, crypto prices is made by whales. one day u will get in wrong alt and its game over.
     
  15. WikiLeaker

    WikiLeaker Newbie

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    what altcoin jumped 40% in one day?
     
  16. hero76

    hero76 Supreme Member

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    Go to coinmarketcap and check, theres at least one alt a day over 40%
     
  17. anil2006

    anil2006 Power Member

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    I prefer to fight with someone's moves i am familiar with. Yes i lay with alts too in Bull market only as most of ALTs are paired with BTC and when BTC go down, it drags ALTs too. You will also see some ALTs trading during journey but i will rarely post their charts here. If someone want to check the charts for ALTs , can headover to my tradingview account and search for username: Arpi2018 and follow to get updates via email.
     
  18. anil2006

    anil2006 Power Member

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    Update: On 14th may balance:
    140518.png

    14th May Chart:
    Yesterday it crossed 8600 level but could not stay there and came down, after sometime head and shoulder took it down from the bear flag it was building.
    Now it is trying to go up but setting rejected by upper line of small bear flag. It needs to cross 8500 and stay there to do another shot to upside . If it breaks lower line of bear flag , it will go down to green support lines around 8200-8150 level, which may hold up for sometime and try to push back to upside. But if broken , next support will be around 7900 level. Check the chart:
    Red lines are resistance and greens are support.
    14chart.png
     
    Last edited: May 14, 2018
  19. Melos

    Melos Junior Member

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    Thrilled to follow this OP. I am not heavy involved with Crypto. but this one I would like to follow as it unique for this forum.
     
  20. krishnaverma

    krishnaverma Jr. VIP Jr. VIP

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    Why is that negative showing in balance ? You started with 1.5 K ?