Where are you targets today, I think we are gonna re-test old bottom and then fart up a little bit again. Pretty comfy with my Entry and Take profit points.
pic related, my logic for today.
BTC TA daytraders
Dylan Carter
Jose Ward
My TA from last night. I have no idea what im doing. But i like drawing charts n sheit.
Brandon Bailey
Yes, I can see you are a newbie, but no problem. I've been there also.
Start using TradingView (you have 30 day free trial and you can upgrade up to PRO for free, just cancel your subscription so you don't pay at the end of the month) for better analysis.
Learn about fibonnaci retracements better, start using volume profile for certain sections like I did in pic related and use indicators (RSI, StochRSI, MACD) for better understanding if something is overbought or oversold. Also pay close attention to price action, as you can see we there is another retracement happening, but I don't believe it will fall down to 0.786 level, since it's overbought. It also had a shitty bounce at previous support around 6500$.
Drawing trendline and resistance line and wishfully think for what's going to happen is not how you do TA. Be more objective. It's not too hard :).
Alexander Robinson
How much do you guys make a day? How much could i realistically make with a $10,000 investment trading carefully daily? Is btc still the best choice?
I've done fine with smaller amounts
Leo Anderson
Also, how tf do you keep up with taxes?
Liam Baker
There's not tax in my based Euro country :).
Yes, with 10.000$ you should do very well. You could actually start with even 1000$ and do well. Here's why people are underestimating themselves and don't even know about leverage.
If you have 1000$ you can actually trade as if you have 10.000$, with using 10x leverage. Leverage simply multiplies your investment, but it also causes bigger risk and therefore you will lose even more money when your trade goes the opposite direction.
I think, if you are really good, you can start with 1000$ and use 5-10x leverage and play it safe with stop losses and taking profits. Sure you need good TA, but swing trading on daily timeframes and finding good entry points for your swing trades is good way to build you account up very fast. Yes, it's very risky, but it's doable.
You have a bunch of people scalping forex with insane leverage 500x+ and doing fine short-term, some even long term. However, scalping is something beginners shouldn't do, neither should you use leverage if you are new.
Just train with demo accounts, but also be aware that starting with 1000$ is totally doable.
Starting with 10.000$ should profit you at least 50$ per day (in Forex) if you use LOW RISK strategy and manage your money well.
BTC or any other asset is doable, as long as your TA is good enough. Profit depends on your risk, but you should average around 5% returns per month (ofc you can do way more, but 5% is low risk safe option).
Another thing where people get stuff wrong is thinking that 5% will net you 5% profit. Here's where beginners get put off, since it's 'so small'. Here's example: Let's say you are trading BTC and you longed at 9000$, then the price went up from 9000$ to 10000$. That's 10% rise on asset, but if you for example used 10x leverage, that means you got 100% on your profit, since you staked 10x more money and now doubled your money.
Noah Campbell
i fucking LOVE these threads. how does it feel ALWAYS being wrong? and ALWAYS losing money?
Joshua Martinez
I don't know, I make money. If you are too much of a brainlet to do TA that works, then too bad for you I guess. Most people fail, because their TA sucks, not because TA doesn't work.
Here's my previous call pic related.
Benjamin Jenkins
Thanks for the input m8
Henry Evans
This is what I'm thinking.
I hope we break downtrend after we capitulated below 6k.
Real curious in how the coming weeks will play out.
Currently in fiat and have bids set.
Austin Parker
youre only lying to yourself m8. im sure youve made a couple hundred dollars on a call before but thats not to say you didnt lose all that plus some the very next day.
a broken clock is right twice a day.
Angel Green
its going straight to 3k. you are all blind
Juan Ortiz
It could go to 3k, sure.
TA is only applying probabilities for proper risk management, in the end anything can happen.
Brayden Scott
Can you do me a favor and leave the thread, if you think TA is bullshit? I'm not going to try and prove anyone if TA works or not, that's up to you to decide.
But please feel free to observe our retardation, if that's what you think it is. There's always someone in TA threads that comes in and starts saying it doesn't work and how and why it doesn't work. Just leave the thread, if you don't believe in it and if you think it's pure luck.
Camden Parker
We are talking about day trading, not swing trading. Long term it might go down to 2k$ desu.
But as said, this thread is about DAY TRADING.
Oliver Gutierrez
no no no.. TA is a real thing. i have something called STOCK and in a STABLE market TA can provide good insight.
Crypto is the most unstable market there is. take a look at the last 6 months.. its going straight to 3k. thats real TA
Oliver Powell
Dude, we are talking about DAY TRADING, not swing trading. It's not going STRAIGHT down, just as DOW didn't go straight down.
Day traders are buying retracements/scalping/shorting when support is broken etc..
If you are too much of a brainlet to do TA on BTC it's not my fault or understand how BTC and alt coins are correlated.
I also trade stock/forex/indices/metals, if you are too retarded for crypto market then just stop replying please.
Jordan James
I also expect a bit of a bounce here, TD9 on 4 hours just made a 9 and a 13 but the weekly is still looking like shit, bears having it too easy lately.
Oliver Cruz
Here's also a long term approach and a swing trade to be made. I don't know why the fuck you are mad and comparing stock market to crypto, I said 10 times already it's DAY TRADING.
fuck me are you anti TA faggots retarded.
Samuel Rodriguez
That was a strong bounce off 0.786, buying when it cools down and hopefully we break the resistance channel.
Gavin Johnson
lol bro, im not mad, i just trying to help you stop losing all your internet coins.
id love to see that portfolio of stock/forex/indices/metals, but im sure it doesnt exist.
you better take your birthday money out of crypto before you lose it all, child.
Noah Ward
>bro
Fuck off back to your morning high school class you little nigger runt
Landon Taylor
Fucking longing the fib levels like there's no crash. I'm betting on a hammer or doji for 1D
Jaxson Howard
calm down child, i dont work until 10am.
I take it this "TA" business is your "job"?
Ian Butler
internet coins? you know alt coins bull rally has been over for almost 3 months right? what am I supposed to do, send you a monthly statement with my closed transactions/open trades/working orders or what?
what the fuck are you on about, go be mad somewhere else please and guide Jow Forums brainlets that are carrying shitcoins please. I made this thread for daytraders, answered few questions off topic and now I have to deal with someone that doesn't believe in TA, answers to day trading related thread with ''it's going straight to 3k'' and is trading long term if I'm correct?
Why the fuck are you in this thread? I don't need your comments, because they are completely moronic and off topic.
Tyler Campbell
TEEKA PUMP MY COIN (BTC)!!!!
Nathaniel Hall
im here to help you bro. i dont want you to waste all your money on internet coins. its literally a scam at this point. im here to give you some real advice: save your moeny & get a real job.
no one is getting rich anymore, your 5 years late, child
Nolan Sanchez
but I have a job and trading/investing is my passive income
Christian Diaz
Go KYS. Thanks
Jaxon Gray
You need to learn how to simply ignore people, when you show how upset you are it just encourages more people to keep pushing your buttons because its entertaining to them.