Fibonacci retracement was drawn from back to march of 2018, our last real low, and pulled to the most recent high, the week of June 24th 2019. The .618 on that is 7297. We hit it the week of 21Oct2019, and we just got close to retesting it. I have another buy in at that level.
Full disclosure, I am currently in it for 2500$ USD, and my average buy in price is 8192. And I am down about 173$ right now on my trade on bitchcoin.
So full disclaimer, clearly I am not a guru master on this. And in fact, I do much better off day trading options, so I might sell a portion of this at a loss, if it means I can free up money to get in on a day trade with a lot more profit potential. (I made 170$ yesterday on a day trade yesterday [and could have made a lot more] on the stock market trading options
But here is my analysis on bitch coin.
1) First of all, everyone needs to keep in perspective the fact that since inception (when BTC first started) the real POC from then is back around 600$, and the volume at which this was purchased at dwarfs anything since. So these are the real Bitchcoin movers and shakers. That being said I am sure they would love to see it go higher, but when it dumps 10% in 10min, it's certainly because one of them decided to take profit.
2) All that the rest of us can do is work within the confines they set up. I think there is a limit to these original or majority "sharholders" to move the market, and it is back around the 3k range (the lowest POC, extended forward. hanging out there.) But clearly that is a long way from where we are right now, that being said, they are in complete control.
3) If like me, who got into crypto (and BTC specifically) really late (by that I mean at this point in the investment), where does that leave us?
In my opinion it leaves two possible outcome.
3a) We bounce from this level. Lots of indicators are pointing to this. If you look at everything from the 6H-1D stoch, they are all very low, and finally flipped up. And if you look at the RSI on those same time frames, I think the same.
4) Risk management:
Always #1!
These motherfuckers, if they wanted to could drop the price on BTC back down to the 3K range, if not even potentially under 1K. I don't think that's likely, because it's not in their best interest, but if this thing drops below the .618 fib (which is at about 7300), and if it breaks 7200, as a small time investor, and trader, I am out. And I am not going to get back in until it gets down to the last real outstanding POC (around 3200).
If this bitch breaks below 7290, I won't be touching it for a long time (until it hits 3.2K or less) except for very short daily trades on the RSI swings.
Full disclosure, I am currently in it for 2500$ USD, and my average buy in price is 8192. And I am down about 173$ right now on my trade on bitchcoin.
So full disclaimer, clearly I am not a guru master on this. And in fact, I do much better off day trading options, so I might sell a portion of this at a loss, if it means I can free up money to get in on a day trade with a lot more profit potential. (I made 170$ yesterday on a day trade yesterday [and could have made a lot more] on the stock market trading options
But here is my analysis on bitch coin.
1) First of all, everyone needs to keep in perspective the fact that since inception (when BTC first started) the real POC from then is back around 600$, and the volume at which this was purchased at dwarfs anything since. So these are the real Bitchcoin movers and shakers. That being said I am sure they would love to see it go higher, but when it dumps 10% in 10min, it's certainly because one of them decided to take profit.
2) All that the rest of us can do is work within the confines they set up. I think there is a limit to these original or majority "sharholders" to move the market, and it is back around the 3k range (the lowest POC, extended forward. hanging out there.) But clearly that is a long way from where we are right now, that being said, they are in complete control.
3) If like me, who got into crypto (and BTC specifically) really late (by that I mean at this point in the investment), where does that leave us?
In my opinion it leaves two possible outcome.
3a) We bounce from this level. Lots of indicators are pointing to this. If you look at everything from the 6H-1D stoch, they are all very low, and finally flipped up. And if you look at the RSI on those same time frames, I think the same.
4) Risk management:
Always #1!
These motherfuckers, if they wanted to could drop the price on BTC back down to the 3K range, if not even potentially under 1K. I don't think that's likely, because it's not in their best interest, but if this thing drops below the .618 fib (which is at about 7300), and if it breaks 7200, as a small time investor, and trader, I am out. And I am not going to get back in until it gets down to the last real outstanding POC (around 3200).
If this bitch breaks below 7290, I won't be touching it for a long time (until it hits 3.2K or less) except for very short daily trades on the RSI swings.
註釋
Well this idea was a dud thus far.
At emcs.store, we offer our services in custom Pinescript development for Tradingview.
We also provide access to a wide selection of proprietary trading tools we have developed as a subscription service, and we continue to innovate.
We also provide access to a wide selection of proprietary trading tools we have developed as a subscription service, and we continue to innovate.
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
At emcs.store, we offer our services in custom Pinescript development for Tradingview.
We also provide access to a wide selection of proprietary trading tools we have developed as a subscription service, and we continue to innovate.
We also provide access to a wide selection of proprietary trading tools we have developed as a subscription service, and we continue to innovate.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。