We just got denied at 73.8K, the top of March 2024's first selloff. This will be a VERY IDEAL time to short, if we really drop and didn't break out for at least 3 days from that line.
>>61938409for newfags, who don't understand what i mean, there's always 1 event that follows a dead cat bounce at the end of every bullrun on every market
>>61938409>>61938413Experienced anon. Listen to him
no m8 it's all bs everything is it's just some richfags screwing with everyone because they're spiritually dead and can't enjoy life any other way. the richfags will pump and dump for the lols regardless of the chart patterns
>>61938409$90k is the dead cat bounce, thats when you go full short
>>61938418Thanks. Im just trying to help newerfags in playing the game a bit better, like the older fags who helped me back in 2018>>61938423>just some richfags screwing with everyoneYea no shit everyone knows about it. This ain't /pol/ m8. Here, you either get fucked or join the richfags. And if you choose to get fucked, then stop dragging clueless newfags to your lower standard of life
>>61938424I did short on 90K (well, actually i shorted a bit late, around 84K, just to be safe). But in my last thread, which is months ago, someone asked when will be the second best time to short, for those who didnt short aroun 90K.That time has come, i think, if we didnt break out from 74K
>>61938424I’d agree with you if there weren’t a fast moving military campaign in the middle east with consequences for the entire global economy.
>>61938446Exactly what i mean. Plus in my opinion, that 90K drop started above my blue line. So in my pov, thats the start of bear market, not the top of the dead cat. Hell we wont even know if this rejection at 73.8K really is dead cat bounce's top. We need to wait for at least till sunday EST.So if y'all wanna short now, please use a safe amount of margin, and a reasonable stop loss
I saw this prediction from IvanOnTech on youtube, he put out a new video today. Seems similar to what you're saying a bit. He was mostly right about the last bull run but I didn't listen to him and instead listened to some other people that ended up being wrong about everything so I missed most of it.
>>61938582Ngl i didn't know who he is. And im not surprised that he has similar predictions with me, seeing that meme line TA is universal. But please keep in mind that, its not about right or wrong. Its about managing risk, as minimal as possible. The line helps, a lot.Again, as for the top of this dead cat bounce, there's a chance that we will still pushing towards 84K. But at least, for me, thats unlikely. Use stop loss on your positions, m8, and good luck
>>61938600some people might remember this onehttps://www.youtube.com/watch?v=4TlaEZt6YmQ
>>61938640Kek okay this actually funny
>>61938640I don’t even have to click this to know what video it is
short selling should be illegal. imagine unironically rooting for prices to drop when you could be bullish instead
>>61938409Agreed.
>>61938430Based and moral pilled. Keep doing good, OP.
>>61938640pamp up the jamhttps://www.youtube.com/watch?v=IW_ZnjSfjEI
>>61938665It can be really dodgy when institutions do it. They go on the news and try to scare the general public into selling and basically just make stuff up. I won't be shorting this time I don't think, I don't have a lot of money and not enough time to follow it a lot. I'm more just waiting for a discount and then will start dca'ing for a while into BTC and probably some other the other lower market cap coins. Might end up missing the bottom if it doesn't drop but I'm ok with that right now.
>>61938409>muh golden cross muh death crosssad! don't act like you're doing python studies on what happens after these events, moron!
>>61938728If shorting is not your cup of tea then so be it. After all, the point is to gain profit yea? Personally, ill DCA when we're below 50K>>61938756I never said anything about golden cross or death cross. I also didnt mention anything about python?Are you perhaps coping because you missed the top, and throw all your anger towards me? I just wanna help m8, but the decision to get rich and leave India is up to you and yours only
>>61938891Hope you're right anon because I want to all-in on alts when this is over with
>>61938409>Top of the dead cat bounce?its already in
Charting does not work. I dont know what else to say. You can do a 50/200 average and buy when it goes too low.By the time the 50 picks up over the 200, the price will be average and you will be mad you didnt buy some. No way to predict
>>61938953We shall see m8. We shall see>>61938976It works for me. Also i didnt use 50/200 to buy and sell. I use it to help me draw accurate meme lines. My long and short positions comes from the lines, and my timing to buy comes from Stoch RSI and regular RSI.Again it works charmingly for me
>>61938891>After all, the point is to gain profit yea?Yeah, I've tried it a bunch of times in the past and will likely try it again. I don't think there's anything wrong with individual investors doing it. I just meant the massive investors that try to manipulate the market on a large scale. The whole gamestop thing highlighted a bunch of it, how the hedge funds manipulate people etc.
>>61939033Then good luck m8. Me, imma try to short to gain more fund for DCA ing in the future
>>61938409This is not the ideal time to short. You want to short at 85-90k. You're literally shorting the bottom of the range. If you're shorting with 4x or less leverage, then fine. But any more than that and you're going to get liquidated on the test of 90k.Just wait for the test of 90k and short with a stoploss at 100k>>61938640Praise the pamp
>>61939078>you're going to get liquidated on the test of 90k.Bruh there's this thing called "stop loss" limit, like you literally just said? If you wanna short now, just put the stop loss at 74K or a bit higher
>>61939078The high probability short is at 90k -> 20k.>>61939078You're just asking to be stopped out though since there's a huge block of stops exactly in that price range currently. Unless you're just shorting to 70k or something around there. But, there's structure forming between 72k and 74k, so it could just range here and stop out the shorts again.Not a good short if you ask me.
>>61939098Whoops, replied to myself too many times lol>>61939098Second half was meant for you.
>>61938993I’ve back tested the meme lines and averages, and they do not beat buy and hold over the long run. At all. So you could potentially use an indicator for entry, but if you continue to do it you will lose BTC trade by trade.
>>61939280this is why coin-m contracts are good, all you have to do is get modest returns and you'll be outperforming a buy and hold
>>61939280That's just not true. You can seriously outperform buy and hold with trendlines and moving averages, even with BTCs tx fees. But you need to have patience both for buying back in and selling. If you sell too soon, you'll just be backing back in at break even, or slightly at a loss, especially with tx fees.(for this example you have $100 just as an illustration)Buy at 18k0.00555 sats ownedSell at 24k$130 ownedBuy at 20k 0.0065 sats ownedSell half at 29k$95.55 plus 0.00325 sats ownedSell half at 31k (hold 25% of bag)$145.925 plus 0.001625 sats ownedBuy at 25k0.005837 sats bought plus 0.003250.009087 sats owned @ 25k = $227.175. 2.2x when the market is only up 50%Literally nearly doubled your bag in just a few swings using moving averages and the real breakout hasn't even occurred yet.The problem is people all in or all out. You can't FOMO you just have to trust the lines. You can't just use one line. You need resistance lines, you need support lines, you need MA's AND you need trendlines. When all those lines converge, you get a confluence of events and that's when you buy or sell. If you only use one line, you're going to be probably worse off. A MA on its own is kind of useless.
>>61939558I don't know how to short correctly or even half the terminology your using, what are the best resources I can read to equip me to short properly ?
I cant believe it, a legit TA discussion after so long. Man it feels nostalgic. Ahem, anyway...>>61939144 >>61939150What you both said actually kinda correct. There's a potential loss of BTC trade by trade. I usually risk losing 2% every time, with a chance gaining 10x each time i put a position. Thats just how it is to trade m8. And it worked for me really wellBut as i said earlier on >>61938434, i did have position since 84K. Im just saying, in trader's perspective, its a good place to put short position now, if you missed out on the 90K drop weeks ago.>>61939280I did both. 2 Account: for hold, and swing for relatively quick cash (to fund my hobbies and personal projects)>>61939558Your last paragraph is right also. You need to use multiple line and plan your exit strategy
>>61939617Use future trade, do the exact opposite of what you do when you long/buy
>>61939617Uhh, you can find videos online that explain it. Just look up "technical analysis 101" videos. Rayner Teo has easy to understand explanations. You can also just google technical analysis 101https://chartschool.stockcharts.com/table-of-contents/overview/technical-analysis-101?/?utm_source=google&gad_campaignid=21393841896But honestly, shorting is significantly more difficult than longing. >>61939643>its a good place to put short position now, if you missed out on the 90K drop weeks ago.I wouldn't call it good, just alright kinda low probability though. A good short would be if it hits ~90k again within the week or two without testing 65k.I see what you're going for since it's been ranging +10% -10%, though. But I really believe the break of the top of the range means that is done (for now).
>>61939985Yes i agree... IF it hits 90K again. If it wont? At least for me by that logic its a pretty good chance. Ngl tho if we go near 90K again, i will ape on a one massive short kek, using the exact same strategy as your post
>>61940040If you want my two cents, I think there's about an 70-80% chance it hits roughly 90k before it touches 65k again. Just going off patterns alone the same thing is happening in reverse. If I were shorting I'd be closing right now. But that's just me. (I'm actually opening longs)
>>61940136Ill keep that in mind m8. If it reach 90K again, i will ape hard on my short.>If I were shorting I'd be closing right nowPerhaps i should put a take profit on my 84K short stack, if the chart goes above 74K
>>61943146I'm not doing that
OP vindicated so far.>>61940136Unlucky timing, I hope you had a tight SL.I lost half my capital the other day because CZ decided my stop loss wasn't going to work.
>>61944376>I hope you had a tight SL.Stop loss? Never met her. We add more leverage. Go big or go home.
>>61944548To be fair the only time in my life I used Stop Losses I got absolutely rekt by a wick so that's kinda based.Aren't you concerned with all the bearish news and the stock markets shitting its pants?
>>61944593I used to use the tight stops too, but trying to get perfect timing like that is just so unreliable. I don't aim for perfect entry's anymore, just good enough.I'm buying other people's concern sells. So, no. I'm not really concerned.
>>61944376>CZ decided my stop loss wasn't going to work.dang son. Sorry to hear that>>61944548Me in 2017 kek>>61944593I these past 8 years, i learn that, somehow, its the news that follow the meme lines. Not the other way around... for some reason>>61944820>I don't aim for perfect entry's anymore, just good enough.Same. Cant time the chart too perfectlyWhether ill be right or wrong, time will tell.
