I finally did my first trade today on crypto-miners today.
Shorted PUTs on RIOT, and bought 20 CALLs on HIVE with a DTE of ~600
Shorted PUTs on RIOT, and bought 20 CALLs on HIVE with a DTE of ~600
Is the crypto winter over?
- Thread starter schizo
- Start date
Interesting day for tomorrow, as HK is about to open cryptos trading again on June 1, but they are ahead almost a day due to timezone, means it will be tomorrow and it's the scheduled USG crash-Bitcoin-day
Anyway, I added to my long btc perp futures
Position is underwater. Stop loss is liquidation at ~24.5k/btc
Nice thing about perpetual futures is not having to worry about settlement dates
Patience little possum, a few more trading days away yet, then the fireworks, it could go up or down but probabilities are it's a strong upward move.
Not this coming week but the following, always a bit difficult to gauge exactly as the way price moves in the interim affects the outcome, in particular, timing.
Price imo should rally over 32,000.
Even the weatherman is wrong from time to time.
Guys,
I was one weekend too early! haha
Not exactly sure whats transpired there but hopefully a sign of things to come!
Bitcoin Price Roller Coaster
The graph below shows wBTC’s parabolic rise from $27,000 to $70,000 in roughly 20 minutes.
wBTC Volatility | Source: Twitter
The price stayed at $70,000 for 10 minutes before falling spectacularly to reclaim earlier levels.
My favorite....Even the weatherman is wrong from time to time.
"There's a 50% chance of rain today, tonight, and tomorrow."
Ooookay.
It's like mathematically>>> so your guess is as good as mine then. (?)
You might as well try your luck joining ET and trading.
Ya it would be nice when someone made a call to put some context to it.My favorite....
"There's a 50% chance of rain today, tonight, and tomorrow."
Ooookay.
It's like mathematically>>> so your guess is as good as mine then. (?)
You might as well try your luck joining ET and trading.
Like here is my entry, my stop and my target.
As much as I hate BTC miners and they are a dead-end boomer tech, the arrival of BRC-20 this year and its rapid explosion is going to pay off well for the miners who survived the post-Merge apocalypse.
I am seriously thinking on loading up on something like BitFarms next week. This is not what I would bank on for a long-term investment into retirement, so I suppose it's just 'technically' a trade for now.
The Halving & BRC-20 together seem to make this well worth the risk... before the paper-hands come rushing back in a few months down the road when earnings shoot up.
I am seriously thinking on loading up on something like BitFarms next week. This is not what I would bank on for a long-term investment into retirement, so I suppose it's just 'technically' a trade for now.
The Halving & BRC-20 together seem to make this well worth the risk... before the paper-hands come rushing back in a few months down the road when earnings shoot up.
That's kind of impossible or unnecessary for many traders.
Entry depends on price action immediately before or after a decisive move. If price is too far away, then what's the point of making an entry call now.
Example: Bitcoin move imo will begin several days away yet, I know basically when but I'm not going to commit to being definite about it as a lot can happen in the meantime.
A stop could be a trailing stop which moves day by day, so this is impossible to define atm.
A target may never be set as it depends how long the trend runs for, similar to a trailing stop.