I am pretty confident we are the new wealthy elite, gentlemen
we really did it
>J/xEWD
suspect
Don't expect 100x gains. It'll be 3x to 10x at best.
binance just closed USDT withdrawls
>imagine the bags
Depends on what alts you're holding.
I started the bear market with 0.6 bitcoins. I now have 50. I cannot begin to tell you how fucking ecstatic I will be if we 10x. I will be in tears of joy. This coming from a guy in his 40s who has failed at everything. Didn't graduate high school, trouble with the law, drug addiction, homelessness, you name it. Then on July 31st I got into this bitcoin thing and here we are. I might actually fucking make something out of myself. If this thing burns down though, you can all blame me. I jinxed it.
Yeah I think I'm rich but I'm not right now (yet) cheers!
Good.
How
Bitconnect
I look for coins that tend to bounce after breaking support and I put an alert on the chart at the spot I would like to buy at. When the price breaks through the current support and goes into a nice little mini capitulation panic, I buy. Since the buy was from sellers panicking out of their positions, the likelihood of it bouncing back to that support (resistance now) is very high so there I sell. Wash rinse repeat for a year. Once you get the hang of it, it's easy. Works in the stock market too, over there iI'm currently in EIGI and SBOW. A glance at those charts should make the mechanics of the technique obvious.
3000 x 50 is 150,000 usd
How the fuck did you even pull this off. DCA would put you even about that. See this is why I hate the internet. So damn unreasonable to the real world.
You are if you own Fantom
I think we're having a misunderstanding. July 31st 2017, I bought 0.6 bitcoins for something like 2 grand or so, whatever 0.6 BTC cost at the time. I never bought anymore after that. Since buying, I've been trading and slowly increased my stack to the present value of 50 bitcoins though I have cashed out around 15k for living expenses. So if we 10x from here, a bitcoin will be worth something like 50k meaning my account will be worth 3 million. At which point I very happily cash out and ride off into the sunset. Make sense now?
how do you find these dips on the market?
>hugs to everyone
Chinese cartoons vs boomer men. We really won, the future is ours frens.
For crypto, I use Coinigy and just hunt for them manually. It lets you set alerts for anything that looks good. I spend a couple of hours once a week hunting for potential dips. Every so often, one of my alerts goes off, I check the chart to make sure it looks good and if it does, I buy.
For stocks, I use the free data feed from IEX and make my own charts with Python and Matplotlib. I made my own alert script too. There are about 8000 stocks so it takes a little longer to go through them all but they move slower to it only has to be done once a month. Still takes about 3 hours though. Total monthly work for this is probably 12 hours not counting managing trades but then managing good trades is the kind of problem you want.
Cool thanks user. I dont trade. Lost many monies in forex and shitcoins. I have 4 main holds now with my wasted money coins. I wait for next bubble to move to real estate. 10 apartments and I can retire. 500 × 10 is an okay income if you think 70k a peice
So you would buy the green box and sell the red one, right?
Yeah, something like that but only the bottom of the green box and the chart would have to have a several month history of returning to the previous support. The trick is the support, as far as I see it, is only support if it is the spot of a previous capitulation event. Like the price dipped so far down that people panicked and it only stopped dropping when new buyers came in. Those buyers only bought cuz they think they got a hell of a deal so they have a strong psychological attachment to that price. This is why it is a real strong support. When the chart inevitably dips again, these buyers will be ready to buy in again cuz if that previous spot was a deal then the new dip is *really* a good deal. And since they are anchored on that previous price, they have little qualms preventing them from pushing the price back to that point. Which is where I sell. It's all psychology and the chart tells the whole story.
Thanks just market sold 100k
>50
i only have 1 because i DCAd up my sheckles from my job. 50 makes me feel like absolute trash
We are.
Now that I'm looking at your pic again, lemme add, I would only buy if the price dipped the depth of that green box under the green box. To me, the bottom of that box is the true support as that is as far as the buyers are allowing the price to drop. So a real capitulation would be if that support broke and it just kept dropping. When this happens and you buy the bottom of that, the chance of selling at the previous support (bottom of green box in this instance) is very high, like 90%.
There's still time. We get an ETF, one day and hold on cuz the mother of all pumps is incoming.
the biggest question i could ask is, do i try and sell this bull run and use that to buy more when it dips in the next bear market, or do i just hodl until the next bull run after this one
So you would have bought there?
See, that's the hard part. Every time I've tried to call a top (or a bottom) I've lost money. In 2017 when it hit 7000, I sold and ended up buying back in around 8000 thinking sure the top was almost in then it just kept going. Just like there are people on this board right now that sold at 3100 and still haven't bought back in. In my opinion, if you only have 1 or 2 bitcoins and you want to Make It™ is only play longs. Wait for alt season and do everything you can to catch a couple of 10x's. Do that and your prayers are answered. Note here that you will not be trying to catch a top of anything, just try to get in on a coin as it's making its run up. After you've 5x'd or 10x'd or whatever, get back to bitcoin and look for the next one. I think we're a ways off before alt season but it's coming. Just remember, shorting, calling tops, bottoms, etc. is a fool's game. Some will get lucky but most will just lose their money.
I would look back through the chart for previous mini capitulation events and try to get a feel for how far below the capitulation buyers are waiting before coming back in. Let's say a coin typically dips 20% before bouncing. I'll then look for the last capitulation even is on the chart that has not been tested yet. I will set an alert 20% below that spot and if the chart goes there, my alert goes off and I buy. A little less your chart and a little more mine. The yellow lines are the support spots I expect to be new resistance. When the chart dips below those lines, I start thinking about buying. When it looks like a panic is setting in, I pull the trigger.
im feeling it
pretty good strat desu, thanks for the insight
Imagine drawing lines like a nigger and not using logarithmic fibonacci retracement/extensions
No problem man, good luck. It takes practice but you'll get the hang of it. Read Al Brooks too. Dude knows his shit.
Yes, I am shame
Post the script
bullshit btc still has an easy 2000x in it
You'll no doubt spend it all on that heroin slam again and die.
There are several scripts but here's the one that gets stock prices from IEX. I get them then pipe everything through zmq messenging so all my other scripts can use them. The other side of this gets the prices and uses them to create hourly and minutely charts that it stores in a Redis database.
Was there anything specific you were curious about?
Thank you for posting user. Are there other scripts you're proud of that'd you'd be interested in sharing?
>You'll no doubt spend it all on that heroin slam again and die.
There are worse ways to go but I have a rare talent. I can walk away and never think about it again. It's like a natural born stoicism. Sounds like bullshit but it's my superpower.
I don't want to go too deep but I'll leave you with this. It's the main function in my chart creating script that actually generates the candles from the raw data. So it makes the candle for the current hour and when the next hour starts up, it starts on a new candle, and so on. If there are gaps in the hours, and it's making a crypto chart, it just creates a candle that is the close tick of whatever the most recent candle is. Stock charts obviously don't work this way since stocks only trade a few hours on week days so you can't fill up the off hours with crap. Some people find that algorithm to be a little tricky so if you are trying to write your own, here is some inspiration.
So basically your method is Quick Finger Luc, you heard of the guy? Do you use base scanner service?
I helped write some of the scanners back in 2017 in the development channel of the Slack but got disillusioned with the community in early 2018 and went my own way. What I put together since then is much faster and better than anything the community uses. I automated a lot of his ideas too. There were some other competent programmers in the Slack that did the same thing that I talk with sometimes.
Use. I use a bot that uses QLC method, it's good. (3comma bot)
>I automated a lot of his ideas too.
How so user? If you automate his ideas, a bot would buy and sell for you when the base cracks.
I've seen it. Right before I left, I used to shoot the shit with the dev in the Discord. I keep in touch with Benoist too (Crypto Base Scanner dev). If only his customers knew what he's doing on the backend lol. His bot makes a lot more money than anything he makes with his subscription money. The community is a good source of ideas though. Basically his (and other devs) customers make "feature requests" and if they're good they go in the product but if they're great they get wrapped up in the bots we all run behind the scenes. The rabbit hole goes deep.
>How so user? If you automate his ideas, a bot would buy and sell for you when the base cracks.
And a whole lot more, hence why I collect all my own data so the DSP algorithms can scan for bases in real time. The bot takes everything that matters into account and if a base crack looks good, it puts the buy in. Every few days I have to manually intervene but it's getting less and less. Luc opened a can of worms.
The red pill here is this whole scene is botted up from one end to another which is why some of the techniques Luc talked about in the early days have dried up so much. i've been working on my bots from the beginning, the other guys not quite as long but still over a year and a half.
How have you failed so much up to 40 as you say if you're so good at this shit? Jesus this seems like genius level. Any advice for a 22 yr old millenial?
Thanks for the high quality reply, based and red pill.
this stuff looks high end, whats your background in coding.
Where did you start from?
>How have you failed so much up to 40 as you say if you're so good at this shit?
Honestly? Severe mental illness. Think Terry Davis but not as bad. Trading is the only thing that keeps me grounded though sadly it took 40 years to find it.
>Any advice for a 22 yr old millenial?
Best advice I know is never allow yourself to be led. Any situation where things start going downhill or you smell a rat, just walk away. Never let yourself be manipulated especially by lesser minds. May sound banal or innocuous but it'll serve you well.
You got it fren
I taught myself Python about 10 years ago and learned other languages as needed. Python itself is dead simple and if you're interested, the quickest rundown I've found is learnxinyminutes.com
When you learn that, go here: github.com
Some may find it controversial as a learning method but I use spaced repetition to memorize programming stuff. Works great and has vastly increased my productivity since I never have to look up any documentation when I have a new idea. Check this out: apps.ankiweb.net
I should mention though I didn't graduate high school, I did get a GED and spent some time in college. Babby's first college level statistics class is invaluable for trading. Learn some signal processing too as it's very hard to have a script find a base without it.
Thanks user, appreciate it.
Could you take a screenshot of how Your UI and chart output looks like.
Youre obviously very smart about this with considerable experiene.
Hope you make another thread in the not so far future.
Isn't this essentially the QFL method?
Well the main UI isn't that spectacular as the magic happens in the background. It spits out charts here and there that look interesting in case I might want to place a manual order.
Only things noteworthy is I always start the y-axis at zero unlike most charting software as I feel it gives me a better sense of the volatility on the chart. This is important particularly in crypto since the volatility is what makes it so easy to make a lot of money in the space. Also I have a bare minimum of meme lines since I don't think they're very useful though I do care an awful lot about how many standard deviations from the mean a particular price may be so that's what the black lines are for on my charts. I always run a linear regression on the last few minutes (even though it may be a one hour chart) of prices and post it at the top whre it says r2 since that's a good tip off in combination with other stuff to what's happening that may not be readily apparent by just scanning the 1 hour.
I've been working pretty hard on this thing for a while now and have learned a ton of less obvious things about trading in the process. I'll make a thread soon.
It's rooted in that and Al Brooks' stuff but I've learned so much since then that I'd say what I do is qualitatively different. However, the QFL method is so easy for noobs that when somebody asks me "how to trade", I just describe it like that as a good starting point.
>Al Brooks
I heard AL Brook's material is shit but I'll go at it and torrent, thank you for the recommendation :)
Haha, yeah it's shit as far as his writing ability. The dude sounds almost incoherent and writes almost in a stream of consciousness format. But if you can get past that, the man has some amazing insights on price action and how to read the tape. His stuff isn't as useful in crypto since crypto charts are fairly easy to read but it's invaluable in the stock market. Just the material in the first book on the reasoning behind how and why institutional buyers move prices in certain ways is worth the effort. I'd start with "Trading Price Action Reversals" as that's the book I found most useful for the kind of trading I do.
Would you be interested sharing your trades in the future for some $$$?
so you buy here, what's next?
I'd just like to give you the rarest Jow Forums gift. A compliment.
Best thread I've read here in a while, thanks for taking all of this time to answer everyone. Congrats on cleaning yourself up and finding your path in life. I hope you make it.
Any discords/slack/telegrams you can recommend or frequent?
I'll be shooting you an email.
That is the support, you want to buy when it goes below that. Since the previous dips below support on this chart appear to be around 25% below support, that's where you want to start buying as I indicated. After you have bought, you wait for it to return to this support since it will now be the new resistance and that's where I have indicated to sell. In practice, you will want to scale in and out so you don't just "buy the bottom" and "buy the top", you buy incrementally on the way down and sell incrementally on the way up. It takes some practice but I've found success with it.
Thanks man. Sadly I don't have any recommendations since my version of the 'tism precludes me from talking to people in real time but do a youtube search for quickfingersluc and watch his videos. Man knows his shit and he might have some description links to some good communities to join.
Forgot the pic..
For those who want Al Brook's books for free :)
You fucking made it user , next year bitcoin will have less inflation than the usd and gold.
It´s not going to be a bubble anymore , it´s going to be a ethernal bullrun as crypto price goes up constant relative to fiat.
Kind of like the housing bubble but for crypto non stop.
Also interested. You seem to know your stuff! Kudos on the gains. Paid telegram group perhaps? [email protected]
Nice, user.
We all gonna make it
I'll shoot you an email as well!
Alright, later frens. I'm off to bed. Good luck everybody
Nobody knows what they’re talking about
It’s all luck
kek
citadel when
im pretty confident that you are delusional. sage
If you're still going to come back to this thread, I'd appreciate if you got to me as well on [email protected]
Thanks and congrats on making it, user
that picture is sad.
Heya sho
Shoot me a msg on [email protected]
Thanks for posting this stuff user. People like you still make Jow Forums worthwhile.