I really don't have good foresight, it's just a good opportunity here IMO. You will benefit long term when buying near support and selling near resistance. At the moment it could well turn out to be a double top. Often pullbacks occur close to 50% of retracement, which was 48, it hit 50 and pulled back twice now.
Bitcoin has topped.
- Thread starter Master Pu
- Start date
I really don't have good foresight, it's just a good opportunity here IMO. You will benefit long term when buying near support and selling near resistance. At the moment it could well turn out to be a double top. Often pullbacks occur close to 50% of retracement, which was 48, it hit 50 and pulled back twice now.
right.
definitely for day trading, there are opportunities to short it.
Short this bitch to 40k
Hey how are those calls on TSLA and Nasdaq doing?
https://www.elitetrader.com/et/posts/5387775
https://www.elitetrader.com/et/posts/5375422
Oops, TSLA is only up 150 and Nasdaq is up 2700 from when you made your shitty predictions.
Ouch. Not so much on the TSLA call, but the NAS. The NAS has not been suffering bears at all. And when it finally relents? It will drop it's requisite 20%. And it will then start screaming north again, because tech is EVERYWHERE.
OP got lucky with previous call but will probably be wrong this time. Doesn't really matter since OP does not have any funds at risk long or short btc
https://elitetrader.com/et/threads/bitcoin-price-thread.315402/page-351#post-5451560
I know you sold near the last top....did you get back in at decent price?
I did not sell near the top of bitcoin, actually started selling btc when it was around $42K which is 35% off the peak price of bitcoin
I got the sell-signal from my paid subscription service plus the person who I think is the most intelligent person on ET, no offense to other high-IQ ET posters
Even though I did not sell top, I benefited from liquidating my crypto portfolio at favorable price
I de-risked from being all-in all of our net worth into crypto to having cash for many years, in case we enter a multi-year bear market. I quit my job early this year
I will be paying a lot in taxes next year since my cost-basis is very low, it's the cost of de-risking and cashing out
I started buying btc again at mid $30K, then $29-30K and $46K. All btc purchases are on the bitcoin price thread
Bitcoin is the majority core holding. I won't mention other holdings to not shill them
current btc position as of today worth over $1M since we're over $50K:
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When I completed de-risking on May 19:
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from paid service subscription below:
Top level summary for 18th May 2021 (current price $44.0k):
- Medium term: There’s been a tidal wave of coins that’s been dumped into exchanges to be sold; this trend has not yet reversed. It’s UNLIKELY we will see a sharp recovery under this lens, there’s simply been too much selling.
Thanks, there's also 3 btc's on the Coinbase exchange. I might sell 1 when btc goes over $100K and another 1 at $200K,
Thanks, there's also 3 btc's on the Coinbase exchange. I might sell 1 when btc goes over $100K and another 1 at $200K,
good for you mister.
I am no expert at trading based on
fundamental / faith / belief / conviction.
You are good in those areas.