@TheBTCTherapist Of course it's manipulated. Truth is, it's manipulated at both ends, top and bottom. Considering your list above isn't it obvious. Everyone has been rooting for the big boys to join the party. Well here they are, they have way more capital than you, and they don't play fair.
Well shoot! You win some you lose some. I don't care I'm going to re-enter. Hopefully. If I got stopped out only to get locked out... I'm going to get emotional. LOL
@camelfinance ๐goodbye profit. We learn as we go. Still in it but... I've been planning for this all along. Psh seriously I knew this was going to happen. I blame the cycle indicator.
If the @camelfinance indicator picks a dcl in the next few days then I have to take it. Not the cleanest trade, but the stop will be nice and tight. Finance the second trade with the profit from the first. Bull vs Bear idgf. Profit is what I'm chasing.
@cryptofergani The price has not reached a level that investors find attractive? Traders are chasing higher beta assets? I'm fairly simple minded so that's the best I can do.
The stop is the stop for a reason. Still in this will I regret not cutting the trade at 1 or 2? A wise man (shout camel) said document your trades so you can look back at your thought process along the way. That's all this post is about. So far I feel like it's serving me well.
This is why trading is hard. Choices.
1. Close the trade after a daily close below the 21MA
2. Push the trade give it more space until the 61.8 fib level.
Option 2 would take a significant chunk of the profit if it stops out.
@SunWeatherMan Watch your yt for years. The only question or problem really... what is happening at the poles? It's like trying to predict earth weather by looking at only the equator. Seems like it would make sun weather forecasting a difficult challenge. Your good at what you do!
@TheBTCTherapist@Giovann35084111 Hate to say it but we could easily have to flirt with that red line before moving higher. This is from someone with an open long, and I really don't want to be stopped.
@CryptoTaxFixer And when exchange records don't exist (for us OG's mtgox, btce, cryptopia, etc.) back to zero cost basis? ๐คฃ At least that was my solution back before guys like you were around. Took a long time for you CPA guys to jump on board. Glad your with us now!
My question for Bitcoin bears and bulls alike.
What from a charting and analysis perspective would you need to see before you change your stance?
If you have a system what would trigger you to flip your bias?
@CryptoTaxFixer I used CoinTracking website back when it was a clumsy tool 4-5 years ago and it was still pretty slick. Then drop the forms in TT. Most of my trades are long term, missed the top this go, so I'm likely round tripping before I use it again. I bet it's improved significantly.
It's so easy to predict when to buy and sell Bitcoin. Open a chart look 4 years to the left and that is exactly what is going to happen next. If you don't believe me just scroll X and see what the experts are saying. It's that easy trust me I've been trading crypto since 2012. ๐คฃ