@PeterLBrandt So true, I am not a good technical analyst but I follow a back tested trading strategy and adhere to small position sizes. After 3 years of trading I am still profitable and alive.
Just closed my #BTC short at $36,958.74. Just doubled my bet with this trade. I don't think this is the bottom. But I already got a good risk reward ratio on this trade so I am out and our trading algo is still short at the moment. My portfolio is still hedged on the downside.
#Bitcoin just broke a crucial support around 46K. Shorting it in binancefutures to hedge my spot holdings. I entered my short at 43,943.36. My target is around 38K.
@PeterSchiff Your are not always wrong Peter. But as a crypto bear your win rate is really terrible. No one will profit in the long term if people short from your calls. Since your target is like $0 or $750 which never happened in the past 3 years. What is your price target this time?
#Bitcoin is starting to from a higher low in the 4 hour chart. Not looking good for my short set up. I just move my stop loss near break even at 43629.32. It is impossible for me to lose this short trade at this point. Will flip long once we have a convincing breakout above 48K.
Closed this position at 0.85 risk reward ratio. Crappy trade I know. Good thing one our trading algo shorted at 60k on finex since I failed to take profit early and flip short on futures.
#BTC preparing to break away from this 70 day range. Price looks really bullish above its 100 day moving average. Once daily candle closes above 42,600 I'll open a long trade on futures.
Been a while since I checked my long position in #BTC I am still up by 3x despite today's dump. 57k-58K support still holding strong. I'll worry once daily closes below that level.
@PeterSchiff Gold is still stuck on range and is approaching resistance. It will probably print a lower high this month. Not sure if it is a good idea to shill gold to your followers at the moment.
@Dennis_Porter_ Been trading btc futures since 2018 and have gained more bitcoin by trading inverse contracts. If you have a robust trading system you can profit in BTC. Only a few traders would be able to develop a system with an edge. But it is possible.