Crypto Macro Trends for 2022

[schizo]

btc market calming the fuck down, will try to enter again

View attachment 303631

Don't go long. It already reached the expected target of 21250. I think it will retrace back down to 19200-ish before shooting up again.

 

[johnarb]

Don't go long. It already reached the expected target of 21250. I think it will retrace back down to 19200-ish before shooting up again.

Thanks for headsup, trying to figure out where my stop loss is right now, but to be honest, if it can stay above $21K, that will act as new support and could make a run for $22k, $23k or $25k

Keeping an eye on volume and candle sizes and wicks, so far, healthy buying I can see, relentless, fearless buying. Shorts are the ones getting liquidated

This is a short term trade and not an overnight hold

 

[schizo]

Thanks for headsup, trying to figure out where my stop loss is right now, but to be honest, if it can stay above $21K, that will act as new support and could make a run for $22k, $23k or $25k

Keeping an eye on volume and candle sizes and wicks, so far, healthy buying I can see, relentless, fearless buying. Shorts are the ones getting liquidated

This is a short term trade and not an overnight hold

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Personally, I think you're too late to the party. As I said already, there's a greater chance of this thing pulling back. If I were you, I would either stay flat or go short.

But I wish you had gotten my message earlier this week. Made the call just before it skyrocketed.

https://www.elitetrader.com/et/goto/post?id=5744910#post-5744910

 

[schizo]

Keeping an eye on volume and candle sizes and wicks, so far, healthy buying I can see, relentless, fearless buying. Shorts are the ones getting liquidated

I just don't see it the way you do. Sorry. Just being honest.

 

[johnarb]

closed for a loss, @ $20,725, but it's bouncing now, buyers area on my chart, but I entered at a an over extended area

 

[johnarb]

Personally, I think you're too late to the party. As I said already, there's a greater chance of this thing pulling back. If I were you, I would either stay flat or go short.

But I wish you had gotten my message earlier this week. Made the call just before it skyrocketed.

https://www.elitetrader.com/et/goto/post?id=5744910#post-5744910

Today is a good day, look back to this morning, up over $7K even after this $3K loss, just got careless with this last entry

I should stop trading, though for today, because like a gambler in a casino, will probably end up giving up all the gains

 

[schizo]

Maybe we might get a double top formation. That should be where you should go short, not long. The upward momentum is over.

 

[johnarb]

Maybe we might get a double top formation. That should be where you should go short, not long. The upward momentum is over.

I don't short btc, but I would short Eth perp futures

My whole portfolio is long btc for(ever) years strategy

, this perpetual futures trading is for short term trades only

 

[schizo]

Let's pretend that I just went short @ 20900

stop at 21300
target at 19300

We'll revisit this post later

 

[johnarb]

Let's pretend that I just went short @ 20900

stop at 21300
target at 17300

We'll revisit this post later

let's pretend you did that... but you can try to make it real, crypto perpetual futures trading is the best, i.e. bybit

$1,000 for 1 btc position gets you a thousand point move in either direction

I know you don't consider macro and other fundamentals stuff, but January effect, btc just ran train on shorts from $16K to $21K, there is no way in my mind we hit $17,300 even if there's a DCG or Gemini bankruptcy