your understanding of TA is wrong...



its to try predict price direction... not so much exact prices...

also pls dun use bro mois as an example... he still learning...

Current episode? Yeah it become a spring test. Accumulation if follow this one . Since already back into trading range. Below labels is by others. The one I closely pay attention too.



This post has been edited by mois: Mar 3 2025, 08:30 AM

nah...

lesson is... always take profit along the way... you were in profit... now maybe small loss... try not to give anything back to the market...

Indeed. U got to take profit else it’s all just a waste of time

I was in cold for few years on xrp and then 2020 happen and it went up….somewhere in may 2021 if I recall it all came crashing down and was just stagnant for years until trump came to office…I shud have taken some profit in 2021 when I had the chance.


Now I take a few amount out when I’m profiting so I get to enjoy the whole point of this thing. Lagi chun if u take out profit and then it goes down and u renter

It’s a journey not a one day thing ya. Whatever happen today will take months or years to profit further.

Another classic example was my ethereum. I have some profit but let’s be honest it’s been shit in this bull run.

Decided to cut my loss and swing all my eth to xrp. Best decision ever

in google u can actually compare ETH to BTC... one clear downtrend

Oh TP/SL. I thought price action/wyckoff. I kinda let go everything whatever I bought in early january 2023. Yeah very important to take profit. Else really give back to market. That lesson already learn in 2017-2018 lol. Back then -70%

This post has been edited by mois: Mar 3 2025, 08:57 AM

not a fan of wyckoff...

fib levels more immediate... and easy to show off... rightly or wrongly... lol...

but you still got biti mah... anyways not intend to rub salt... all the best man... cheers...

So its bear trap??

I was lucky because my 98k put option expired on 28th Feb and exercised at $79k range. Got a nice 4 figure to cover my alt losses

This post has been edited by KGear: Mar 3 2025, 12:43 PM

i'm on collar option strategy, following this post. this setup no longer there since Jan 15, 2027 $85 call options has collapsed

Each person has different strats. As long it make money, it is a win hehe. Lets see SP500 action this week.

I am not sure at this stage. Pretty much clueless.


Any layman term?

there was a pricing mistake or something... as a result, if you buy 100 ibit at 54, then buy the put option at 56 strike to protect downside, and sell a call option at 85 strike to cover most of the cost of the put... you end up with a profit and loss diagram that looks like this (red lined for the long expiry chain for clarity)



if ibit prices goes up from 54... you make money but maxed out at 2916... if it goes below 54 you don't lose because it never goes below 0... so basically a risk free trade...

3 months ago, u can buy Put option for $1800, and sell call option for $1800. so

buying the put	selling the call
-$1800	$1800

aka nett balance of $0 to get risk free trade. however today, the pricing are as follows

buying the put	selling the call
-$1495	$940

your nett balance to setup this trade is -$555.00. no longer "risk free"

This post has been edited by Medufsaid: Mar 3 2025, 03:40 PM

you can still construct a zero cost zero risk trade by picking other strikes... just that your profit is now different... 1320...

Orange man pump & dump.

Bull trap from the news announced yesterday. It is now back to the track heading S

They dont hold back on manipulation anymore. Straight to our face and the world. A president tweeting to pump altcoins . Screw Zelensky on the day, screw retails in the night. Screw stocks the next day. This is peak.

Really a cela team

getting March 2020 flashback