There was an user two days ago, who shorted btc from 9800 to 9200 or something

There was an user two days ago, who shorted btc from 9800 to 9200 or something.
He posted all the orders aswell. How is it possible to be so sure about it? Especially at a time when it couldve broke 10k

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No. Btc will never ever break 10k again. Ever. Cap this

look at the weekly and daily charts. It wasn't surprising at all.

Shorting resistance is pretty standard stuff lad

What are the signs for it?

He probably had a lot of other orders spread out
Honestly Bitcoin looks like it’s going to go up again just like he called except sec has news this week or next

For every 10 people wrong shorting or longing there are 2 people right
We've seen plenty of fails on biz, especially the BART patterns

That user happened to be lucky and went with his gut. He was right.... that time

He may be right 5 more times user... but that 1 he is wrong he is down 50-100%

This is the fate of all gambling with leverage against or for bitcoin

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Shorted. Then starting shilling that Ether was a security that the SEC is going to talk about soon.

You should short it now until 8500

he was larping, the orders didn't correspond with the book

it's time to short until corrections over. Then buy on low again.

Play the swingaling.

How do you know when corrections will start?

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already started. We're pushing bellow 8k today, next few days it will fall before a conference on the 14th-17th where it will probably pump up past 10k.

My strat:
>short now and sell at around 20% profit
>rebuy at around the 24 hour low
>HODL or sell after the pump from the conference depending on how bullish it's acting.

user my son you can either
short the dip
or
short the pump

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How much profit do you usually make swinging it like that?

any decent trader has his own strategy

Attached: renko12.png (1502x855, 40K)

anywhere between 10-20% a trade every few days.

I also do some daytrading with shite coins though.

Also, that strategy doesn't always work ofc. It's pretty volatile.

dafuq is this?
teach me user
pls

What does it take to be a good trader?

that's not my graph but he's using bollinger bands on the main graph (idk what the bottom things are, amybe volume?).

Anyways, the Boll bands show you moving averages. Generally speaking, whenever the price (candle sticks) touch the boll bands or get close, they will bounce off and go the opposite way.

I use these too for day trading. They're pretty reliable.

I shorted too, but I set my leverage too high, and got liquidated, then everything dropped. Soooo, shit happens too. Then again I only put in $150, so it wasn't a big deal. First time shorting.

Also, if the bands get really small and narrow and start to squeeze, that almost always means a pump. Just look at any shite coin with recent pumps and apply the boll bands and you'll see what I mean.

renko chart

Looks like some sort of MA cross and BBands. Nothing too exciting. We all have our own bs.

Attached: スクリーンショット 2018-05-09 0.19.51.png (2720x1442, 1.01M)

oh shit those actually look useful. I'll try them out thanks user.

Here's mine since everyone's sharing. RSI and BBands. I sometimes run 4ema too depending on the situation.

Attached: ma shit.png (1537x852, 138K)

renko charts.

thanks guys
was looking for the candles
found it thanks to