BTCUSD - go long?

why just BTC? the entire crypto world shows long bias since its creation
just manage your downside properly and let trends run.. momentum for some pairs is huge despite btc does nothing
dca style drop buying systematically makes sense to me
 
schizo said:
Oh sorry, I thought it was a plain ol' channel.


Not sure I follow. How the heck can you curve fit channel lines? Either price breaks out of the lines or it doesn't. :rolleyes:
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What's with eye roll each time?

Do you know what LinReg lines are and how they are calculated/plotted, guess not? Well similar to BBands the volatility factor can be modified to narrow or widen the area they cover.

So I went back into that chart and changed setting from default 2 standard deviations to 1.618 ;) and wah lah:-
! Bitcoin.png


Everything else as it was. Curve-fitting in hindsight is truly amazin'.
 
SunTrader said:
So I went back into that chart and changed setting from default 2 standard deviations to 1.618 ;) and wah lah. Curve-fitting in hindsight is truly amazin'.
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So, in your mind, changing the parameter from 2 to 1.618 is curve fitting? :rolleyes: (sorry, couldn't resist :D) I think you should just continue using 1.618, because 2 looked awful.
 
s256 said:
The 23.160 USD level is a price target for me too, but I'm not sure *how* we will reach it. I'm honestly looking for a new local low at 22.000 first, and then retest the 22.740 (and maybe break straight through it).

At the moment I don't have a long running; I will decide on that when we made a new interesting move.

~snip~
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Just wanted to share that I changed my mind after we failed twice to make a new low overnight.
I'm now net long for 23k as first price target. Green box is basically my long entry.

zN3lV3lt.png




schizo said:
I would wait until we go down to 21,500. We could even retrace to 20,000.
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I was aiming for a new low, but 20k is far from being a price target for me yet. The failures last night to break to a new lower level made me take the opposite position. It's still a 6.0 Risk reward for the 23k price target.
 
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