Is the crypto winter over?

[schizo]

Taking a swing short at 21357 (paper trading )
Stop at 21660
PT 19300

Adding to the existing short position @ 21314, bringing the average to 21335.

Stop 21660
Target 18550 (maybe too greedy but we'll see)

 

[schizo]

Damn, almost got stopped out. Anyway, these lines are what I will be monitoring. Once the blue line is taken out, it will be a fast and furious drop. This morning's drop below the yellow line indicates we have more room left to the downside. We'll see.

 

[The_Krakenite]

This morning I bought a little bit more of BIGG - Digital Assets Inc with some dividends that came in over-night, and will call it a day for the rest of the month (knock on wood). If something catastrophic happens within 30 days, then I MAY pounce going LONG. I'm actually hoping for that to happen too. If not, I won't lose sleep over it either way.

I'll keep checking this thread just to see more insight into Bitstamp. LOL Years ago I checked into perpetual futures on Kraken, but it wasn't really the thing for me. I'm more of a CME Group person when ever I do wish to trade ETH futures, and even then I only did very minimal trading in futures... mostly for educational purposes.

 

[schizo]

That's the line in the sand. Are you with me or against me? I can't tell.

 

[semperfrosty]

Damn, almost got stopped out. Anyway, these lines are what I will be monitoring. Once the blue line is taken out, it will be a fast and furious drop. This morning's drop below the yellow line indicates we have more room left to the downside. We'll see.

View attachment 304061

Sorry if you mentioned it previously-the blue line is that what you would call a pivot? Or just the most recent extreme?

 

[schizo]

Sorry if you mentioned it previously-the blue line is that what you would call a pivot? Or just the most recent extreme?

I would say both, although I think we've already pivoted to the downside (S&P is down big today). Methinks there's also massive stops placed just below that line. So crossing below alone will create a cascade of selloff IMO.

 

[schizo]

Next plan of action

 

[semperfrosty]

I would say both, although I think we've already pivoted to the downside (S&P is down big today). Methinks there's also massive stops placed just below that line. So crossing below alone will create a cascade of selloff IMO.

Thanks.

 

[Darc]

Whodda thought buying BTC took so much drama. I thought you'd just buy it off Biance etc.

 

[semperfrosty]

Whodda thought buying BTC took so much drama. I thought you'd just buy it off Biance etc.

You can.

I use Coinbase and its the click of a button.

I think John is providing a different method.Mainly linked to improved leverage? But also wallet as opposed to exchange.