I'm not using stops for BTC trades, focusing on the longer term trend, I shift between 15% and 80% exposure to it in the BTC account I manage. We can top up to 80% account exposure buying here in a couple hours. Don't use leverage! I'm currently 30% long, with no leverage, and adding here as explained on chart.
Good luck,
Ivan Labrie.
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Couldn't be more precise...3 hours with no new low, happened where I predicted it, based on seasonality.
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(even the price...look at the arrow)
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Now, we could see price base around here, don't worry if it dips and goes close to the recent low. Just hold it, the weekly uptrend is still active.
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Seeing some resistance against the top of the China news day.
Apparently, Bitmain's CEO made some claims regarding BTC that came in handy for market makers to drive price down and margin call traders.
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We stalled but finally broke the first resistance zone. Now we need to conquer the 5178 mark soon to rally again.
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Done deal...if you took the long here, leave comments below. We can trim it down from 80% to 15%-30% on a retest of the recent highs.
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5289.80 now. Good progress. We'll look to trim the position down to 15-30% soon.
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I'm using a trailing stop, I'll close the extra positions if price moves down 0.5%. Still keeping my spot buys, worth 30% of the account for the long term though.
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I'm holding a 15% account long only atm. Won't close it until we hit the weekly target. The shorter term positions more than handsomely cover any risk. Check out the progress from my short term long entry...as you can see, buying selloffs in lower timeframes, while larger timeframes are in an uptrend is the way to go. You just need experience and knowledge to time it. Leave me a comment if you made some money with my BTC posts.
Hi, Ivan! looks great, as you were projecting! what do you think about leveraged positions? is it safe to open?
IvanLabrie
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@Elkimio, Not now, you could have when I posted the buy, with a tight stop under the recent low (below 5000), but it's not ideal, due to Bitcoin's daily volatility.
Yup. Hoping to make back the dough I lost on this old bitch over the last 3 years... Many thanks!
IvanLabrie
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@Rivet.popper, Let's keep this up then ;)
If you followed my posts you should have made at least some 30%+ account.
rivet.popper
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@IvanLabrie, I lost most of my money on the big crash to 192. At that time I didn't know about you. Will be watching your updates with interest, I assure you. :-)
IvanLabrie
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@Rivet.popper, BTC can be quite risky if you don't know enough about trading...easy to oversize trades, or trade on hope.
Best of luck!
rivet.popper
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@IvanLabrie, Yes too much hope, not enough knowledge and definitely not enough patience. Anyway let's see what 2017 brings...