Not shorting btc day 2

>He doesn't know about my zibba-dabba-dooba pattern
You're still a degenerate gambler despite of your little boomer scribbles

>90% win rate
>gambler
geocities ws/tradeharmonics/harmonic-pattern-success.html

>Forex

>traders with their TA magic and their profits are degenerates, while i, holiest of them all, HODL for lack of a strategy but am still only here for profits aswell
so let me guess: you're only in BTC because you totally believe in the project, right? and not at all looking to convert to more $ than your initial at some point?

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too much of a brainlette to short.
my understanding of it is approximately this:

tx funds to margin account.
(to short) select amount of crypto to gamble, then hit sell.
watch as price rockets and within 1 sato change you're bankrupt or rich (so, bankrupt).

is this approximately correct? i've been in cryptos for years but i've never once learned. should i? all i forsee is tears.

>believe in the project
Fuck no, i'm not this delusional. I'm just here for the volatility. Traditional TA is not applicable in crypto. The best index is monitoring the shilling and sentiment of the market

>implying btc/usd isn't forex at this point

>muh meme lines

>muuuuuuuuuuuuuuuuuuuuuuuh meme lines tho!
if they worked you would be rich, but you are here on Jow Forums, so we know you aren't

dumbfuck!

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>implying a 40% pullback will happen

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Asuka prophecy never lie.

you're basically right, but you can set any leverage you want (even below 1) and stop-losses are a thing aswell.

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>monitoring the shilling and sentiment of the market
what are your metrics?

I've seen this many time in trading view
does this pattern ever work ?

Seen this huge green candle, faggots? We're not going down. Close your shorts.

11500, 11600, 11700... The bull market has begun. Shorters BTFO

If it was a bull market, the green candles should trigger an organic rise as people FOMO in. Instead, each candle is gradually sold out until the next, and they only bump the price a measley $100 or so. Truth is, Tether has reached the limit of its effectiveness, and all it does now is keep the market on life support at the 11k level.

90% winrate in forex, see my other post above

>huge
zoom out

I don't know fren this market is so manipulated
I don't believe TA work anymore

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>the market should do x at this time
no lol

it will dump to $0 or shoot to $50k why the fuck would it do anything else to please majority

proof i'm not larping

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>shorting BTC when tether / bitfinex need USD to survive.
kek

Just stop posting OP and stop trading minute candles. You're emberassing yourself.

>not using 1m candles for entries
pleb

I will outperform you anytime.

im fcked 11200 position with 14700 liquidaition
fck what do i do

i know there will be a 100mil tether burn on monday hoping that will start the real downtrend

if you're so sure that it will move towards liquidation:
(1) close with a loss this instant
(2) learn to use stop-losses (where your liquidation is shouldnt be relevant ever, who waits for a 100% loss?)
(3) learn to find better entries next time

9k bottom, place limit right now and forget the charts for a week

also
(4) if you're getting nervous by a 2% rise you shouldn't be leverage trading at all

or if you want to listen to then place a stop at 1265 (bitfinex' price)

12065*

how do you know about this burn

literally last chance to short before 9k

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Close your shorts while you can, cunts. We're mooning.

this is a highly manipulated market so thats why im nervous as fuck

Last time to close your shorts. 12000 next stop.

11690 will be LITERALLY daily's high, screencap this

REKT

i think majority of traders are cashed in for the gigant inversse head and shoulder pattern that should start pumping price shortly...
yet i gambled for the other direction

will not age well user

unless we close above 12k (we won't), the rule since late june is still: lower highs, lower lows

you know you dont have to gamble short the top.
you can wait until it dumps below 10k

This must be bait, thats not even close to a harmonic.

>he can't handle 2.24% of open loss
yikes, never make it

sub 11k eod

yes it's called a bullflag / wyckoff accumulation before next leg up to $17k

Stop making decisions with emotions.
Look at the real TA. Look at the market. How how greedy it got.

By the way, we're not breaking 12.5k until we reach at least 9200. Whoever the guy who fucking did those predictions, they were literally on-point.

it's not a bullflag and it certainly isn't wyckoff accumulation
you have no idea what you're talking about

yep, best to go offline for a few days :D
i have close/rebuy positions set in the 9500 range

which one?

Looks like the last of the Tethers is being used like afterburners to push us to 11800, if this fails we’re gonna have to brace for impact.

KEK. You just got REKT!

hah my guess is this will go try at $14k once more very soon. you are seeing here the initial choppy up.

gotta break 12k first

>falling for fake low volume pumps
yikeS

it will even if we dip from here. this market is like a pitbull with a bone. it only drops it to quickly bite you.

a shameless ref link my anons bit,do/rektX

i think this is the best alternative to bitmex you can get

that would give an opportunity to buy in. im not sure that will happen

Guys is it for real going back down? How low?
I sold around $10.5k and need to get back in

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It's going unironically up. Don't listen to dumb degenerate gamblers, buy back.

delusional bull

buy and HODL is the safest way to go :D
trading = gambling

We're on the first close above my resistance line, see if this is going to stick and we're swapping resistance for support.

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12k the next stop

how do I avoid getting dicked by bitmex fees

I just want to short with a couple hundred bucks and big dick leverage

You feel like a gambling sinner every time you buy oranges at the store?

yes and no buying and holding long term is a winner, but if you also trade the trend you can multiply your gains and or hedge against the drops. the end goal for short term is to get more btc any way you can. and preferably take out your initial investment by selling a fraction in 3 years. from that on it's basically free money no matter where it ends up.

going allin (or using leverage) on intraday chart is gambling. if you use the daily one with any mainstream indicator it's pretty much impossible to not make money

pic related is backtesting on bitfinex:btc/usd from april 2014 to today. the strategy literally goes allin on breakouts and that's it

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small long on this :D

We’re going sub 7k...I would wait till then and evaluate. It might take a while, but it’s coming.

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impossible, we are unironically in a bull market now.

plus normies are expecting a correction to 6k-8k, so we definitely gonna skip that, kek

Yes, basically everyone who tries it will lose if they keep playing and only a handful of people will both play the game AND pull out on time after winning like 5 times.

not exactly what this guy said

shorting is pretty much the same as longing if you don't use leverage, just in the opposite direction. you just need to keep in mind the main difference:

if you short and the price pumps +100% you lose all your money (which is technically also true for longing, but there a potential of unlimited growth on the upside, unlike the 0 bottom, so there is no reverse HODL meme, you need to know where to take profits)

use bitfinex, it has 3.3x leverage max (which you can ignore and use 1x), it will take more time to lose all your money than on bitmex

lot's of people don't understand high leverage. it's an awesome and very useful feature. should morons use it? probably not. but saying shit like anything over x is crazy is retarded.

...

i never said it's retarded, and if you are comfortable with 50% drawdown you can use up to 3.3x leverage with your normal trading strategy.

but shit like 100x is only made for hedging positions in opposite direction or for degenerate gamblers

Limit orders give a small rebate

you'd have to be blind or retarded to not see this

yes for hedging for example and also to make sure you don't lose more than what you are willing to. stop losses have failed people any type of stop loss can fail you in multiple ways. a high leverage position will make sure you only lose your margin. which can be as little as 1% of your account. it's also possible to start with low leverage and once the market moves favorably and you are safe from liquidation increase the margin so you can trade otherwise or withdraw and secure your cones.

*decrease the margin by increasing leverage

I don't have any magic lines to show, but I think we're going to bounce off 10k again before going past 14k.

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possible

OP has been consistently wrong for 2 straight days.

>implying

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bump before the dump

>implying
Not implying, factual. You're wrong and you will be wrong again. Anyone could have counter-traded you the past 2 days and made a fortune.

uhm, no? check the image dummy