Need to be disciplined with taking profit, but this time no revenge trading
If you zoom out daily chart, you can see similarity current price action and June 16 price action. But not necessary will play out. Just something to watch out.
So close to the apex. I assume this week will out the real direction. No sign of spring test yet. But the selling pressure is getting weaker. Accumulation almost a month already.
Those who want to go long, spring test toward 44k would be the best but must put stoploss incase the bear really come. Or wait for breakout toward 48500
This post has been edited by mois: Jan 3 2022, 09:22 AM
I personally did major top up. But will cut lose if further drop. Or if we stay too long at current price, I also will exit today position. Spring test normally need to be V shape recovery with big volume
This post has been edited by mois: Jan 6 2022, 10:40 AM
No choice but forced to be a diamond hands haha, no point selling out at a loss. Thinking whether is a blessings in disguise to be "forced" to HODL through, and wait for it the bounce back in the future.
You should allocate some fund for short. But at the moment just wait for spring test confirmation. Short play is when we break below 40k.
Short meaning short-term trading, [buy low sell high]? I am sorry for my rookie's question, new in this space but determined to learn.
Another question I have is, I wish to have 2 different accounts/platform, one for HODL, one for trading, otherwise the trading will mess up the long-term HODL account which the crypto bought with lower prices back then got sold off in the trading. Is this thinking/mindset valid?
Not short term trading. Short sell is you profit from price decline. But it is leverage trading, adjustable between 1x to 100x(orang gila). I do not recommend anything above 10x. 1x to 5x is ok for bitcoin. Never use on altcoin.
Basically if you short sell using 10x. If btc price decline by 10%, you gain 100%. Like wise, if short sell using 1x leverage, btc price decline by 10%, you gain 10%.
This post has been edited by mois: Jan 6 2022, 12:45 PM
Harmony has a very bad habit of simply dumping 20% out of nowhere tho, very naughty coin
Harmony is among my major alt. Was lucky able to scoop at 0.17 after selling them at 0.25 in november. I think cannot trade this coin. Only for holding. Yeah it move 10%-15% a day. Can break ema 20 daily then bounce next day one. Crazy.
dont worry can breakeven, if u have ammo u can buy some now
sell at 53k, 57k, then dont touch it anymore even if it goes up to 62k
i have to wait to see where they push to then i can know where the final move will reach
Before dec price drop should be 54k-57k there. Current price already fill the dec wick. Not sure will go test 40k since major support there. Maybe another wick 41k?