Bitcoin Price Thread

[Tokenz]

No my friend, this is leveraged perpetual futures trading, just a hobby going long and going short (mostly on Eth)

This is gambling making predictions on the short term price movements

My bitcoins and other crypto assets are stored in local wallets and have no connections to this casino

Good man!

 

[johnarb]

If the stock market can close near the high today 10/3/2022, I think BTC will go to $20K (currently $19.6K)
I put a gamble bet long leveraged perp futures btc for that scenario today

Probabilities trade. I think Bitcoin will hit $20,500

Same idea as yesterday, stock market closed up big, so no selling pressure on Bitcoin tonight

I'll close for a loss if Bitcoin goes below $20K. It's currently $20,230'sh

Gamble again, risking some of the profits from yesterday, and about 12% smaller position than yesterday

 

[johnarb]

I'll close for a loss if Bitcoin goes below $20K. It's currently $20,230'sh

Gamble again, risking some of the profits from yesterday, and about 12% smaller position than yesterday

Stopped out... back to the drawing board

The negative stock market futures last night turned more negative and that put sell pressure on Bitcoin

 

[Tokenz]

Stopped out... back to the drawing board

The negative stock market futures last night turned more negative and that put sell pressure on Bitcoin

It's very hard to put a stop limit on Bitcoin, it's so volatile that unless you have a wide stop you will almost always get stopped out. I quit using them, unless you set it for at least 1k over or under. I've lost more money to stop losses than if I would have just stuck to my guns. I use stops mostly when looking to profit

 

[johnarb]

It's very hard to put a stop limit on Bitcoin, it's so volatile that unless you have a wide stop you will almost always get stopped out. I quit using them, unless you set it for at least 1k over or under. I've lost more money to stop losses than if I would have just stuck to my guns. I use stops mostly when looking to profit

The perp futures are very liquid, but I know what you mean that btc has times of fast moves

During those fast times, I put a $20 lower price when selling or $20 higher price when buying or I wait when prices are stable again

 

[johnarb]

Wow, bitcoin is strong!!

Back above $20K

I got sucked in, long btc perps futures again. No defined targets on the upside nor downside

Fuck it, It's Uptober, baby!!

 

[orbit23]

I think it's very likely this is the bottom, without the further dip to 14k.

With Ethereum PoS there is up to 25M$ LESS of daily sell pressure(from miners, assuming they were selling)

Bitcoin DID NOT EVEN FLINCH while EUR, GBP& Stocks were COLLAPSING. A great sign of strength.

Elections coming up on 8th of November. About time to start the printer??

 

[Overnight]

Wow, bitcoin is strong!!

Back above $20K

I got sucked in, long btc perps futures again. No defined targets on the upside nor downside

Fuck it, It's Uptober, baby!!

Haven't I been saying since the summer that the 20K BTC support level is strong? The best advice comes from those who not trade Cryptos? Hehe.

 

[johnarb]

Haven't I been saying since the summer that the 20K BTC support level is strong? The best advice comes from those who not trade Cryptos? Hehe.

I agree that $20K has been very strong support for bitcoin, but for the past 3 months, btc sometimes goes down to the low $18K level

This would be bad for me, I'll get liquidated unless I cut my position or add more liquidity

 

[deaddog]

This would be bad for me, I'll get liquidated unless I cut my position or add more liquidity

An old traders axiom is to never answer a margin call.