Some cool volatility finally! It's all in the chart. I'm already shorting *25 leverage on Bitmex :} I got a small account there. After we drop I close short and I go long expecting a nice bounce maybe even 5% After that I don't know what will happen I'll be out.
We're in a 2 hour inside bar right now, some consolidation before next drop. We'll see if the loss of selling momentum is enough to really go up. But anyway there should at leats be a small bounce. Even if it bounces hard it doesn't mean we go test the downtrend again just yet. Maybe what happened with the linear downtrend where we dropped then formed a bullish pennant happens again :)
Or we go down close to 9280. Sub 9280 I'm shorting with leverage that would be super bearish. It's possible we stay in the 9280-11788 range a while...
I'll day trade until we either get close to 9280 or over 11788. Long term trades cannot be opened now as there are no clear signals.
No offense but people making super bullish or super bearish calls for march are clowns or trolls or don't care...
+++ I am not a financial advisor (good luck finding one in crypto). Trade at your own risk +++
Komen
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Wooow calm down I barely posted this XD Dropping already???!!!
Dagangan aktif
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Also, drops high to low: 11700->11176 = 524$ 4.5% 11339->10821 = 518$ 4.6% 11039->10567 = 472$ 4.3%
This fits with other calculations. Too lazy to check if volume RSI fits too.
Komen
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Short entry 10745. At the very worse 10210 should hold if we go there I buy a shitload, increase my RR. 10210-10400 pretty good buy zone. 10400 not too much thought. Above that better miss out.
Komen
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Came 2 dollar away from a new short order... My RR would be about 3. Don't want to get scammed by a quick spike above 10880 then fall isntant thought.
Possible bullish divergence...Playing with fire. Long is less risky thought.
Komen
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Looking at daily chart. 10300 way better than 10500 I want 10500 to fail and then hard bounce on 10300...
Oh well whatever I'll go to bed now.
Komen
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We slightly broke bullish the 2HR inside candle, just as we broke bullish the 1HR inside candle earlier, I'm being careful not being scammed. Stop loss not too tight.
Also looking at the 4HR Inside bar that formed.
Dagangan ditutup: sasaran tercapai
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Sold 4/5. Made like 70% there's an order to close my 1/5 left is at 80% XD Oooh Bitmex...
I must say that 2 hour inside bar bull break was pretty cute. Nice try scamming me. Bull breaks on a downtrend are worthless...
Anyway, once we go sub 10400 I'm setting a few orders for longs.
Note to self: go move your butt get a second id get verified on Gdax to hold usd not tether.
Volume and RSI both agree the bears are soon done. But I won't go long unless we go sub 10400 and won't buy alot if we don't get close to 10210 especially if I'm going crazy with leverage.
Let's say you're going with lever risk reward 3 50/50 odds worse case scenario 30% losses 90% wins, lose 10 trades in a row then win 10: 0.7^10*1.9^10 = 0,028 * 613 = 17.3 = 1700% profit in the end. 1000$ ==> 17000.
I guess almost no one has the discipline/lack of caring to follow the plan in this case thought. Pretty broken lol...
Dagangan ditutup: hentian tercapai
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Close what was left at 45% profit only (only!) because it bouncign hard and I have to go to work. Plus I've had a pretty bad phone for the past week, my S9+ arrives in 2 days, then I'll be able to trade on it.
Setting long orders 10210-10350.
Komen
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I guess it could easilly be another 4 hours before anything happens.
Komen
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Komen
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Trying to figure out if we go drop soon, if that's even possible. Dropping to 10300 would be a huge opportunity and -normally- tomorrow would be bullish. 5% minimum =>> 125% with 25 leverage :} pllllllzz panic sell plz whale make it dip I want a boat
Komen
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We bounced downwards on 0.618. Maybe go down from here. We are at "1 large 1 small" for now. We went down to 10400$ actually and my close short target was 10450. Close enough for a safe one. Maybe I should spam "who called it better" XD Really want to see a last dump today and then tomorrow is a green day.
Komen
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Aaaany time now... 2 points touched: speculation. 3 points touched: structure is confirmed.
Dagangan aktif
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(•_•) ( •_•)>⌐*-* (⌐*_*)
I was busy on the phone on skype and suddenly I look we're down 400...
Komen
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Losers talking to me irl always at the worse time. They exhaust me. Nothing for 4 days 10 hours a day then at the worse time...
Spread some buys on Binance 9200-9700
I got Bitmex rekt liquidated lost 2/3 of what I had here "API fail" "Can't login" "System overloaded"... Guess I can just use liquidation price as my stop loss. They're criminals and I hate them but all exchanges are. Can't even place some buys lower there because system still "overloaded"
I'll dance on their graves when they go bankrupt.
Komen
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Order could not be submitted: The system is currently overloaded. Please try again later.Order could not be submitted: The system is currently overloaded. Please try again later.Order could not be submitted: The system is currently overloaded. Please try again later.Order could not be submitted: The system is currently overloaded. Please try again later.Order could not be submitted: The system is currently overloaded. Please try again later.Order could not be submitted: The system is currently overloaded. Please try again later.Order could not be submitted: The system is currently overloaded. Please try again later.Order could not be submitted: The system is currently overloaded. Please try again later.Order could not be submitted: The system is currently overloaded. Please try again later.Order could not be submitted: The system is currently overloaded. Please try again later.Order could not be submitted: The system is currently overloaded. Please try again later.Order could not be submitted: The system is currently overloaded. Please try again later.Order could not be submitted: The system is currently overloaded. Please try again later.Order could not be submitted: The system is currently overloaded. Please try again later.Order could not be submitted: The system is currently overloaded. Please try again later.Order could not be submitted: The system is currently overloaded. Please try again later.Order could not be submitted: The system is currently overloaded. Please try again later.Order could not be submitted: The system is currently overloaded. Please try again later.Order could not be submitted: The system is currently overloaded. Please try again later.Order could not be submitted: The system is currently overloaded. Please try again later.
Ok I'm done. Bought sold trying to set buy orders again can't. Can't do anything. Kraken is awful but I can work with them at least. Gave that joke site a chance, it's the worse by far. Really awful.
Dagangan aktif
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Entry: Around 9300+ Target: who tf knows SL: If we fall under 9280. Heavilly doubt that happens. If we go sub 9280 it's insta short normally but now with "system overloaded"....
Aaaaah I had no idea it was actually possible to be worse than Kraken... If Kraken lags I just close at market price doesn't matter that much. Waiting on Binance to add margin trading, but they have lag issues too.
When IBKR add cryptos???
Lmao all these new TA wannabees with their moon calls "who called it better". Bunch of clowns...
Komen
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Might end up being more sell volume than previously...
Komen
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We have to fall again so I can buy more... I know exactly what to do I just have people holding my leg and scam sites not letting me do anything...
When we dropped to 6k region we dropped twice ....
Komen
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Site works great now. Sure it's because of their complex calculations yeaaah right. No one wants to talk to me irl now... Funny... They just want to talk the exact moment of the dump not before not for 8 hours I been here, not after. This is the second time...starting to think people know what I do and are jealous of my success so do it on purpose.. wtf rly... -.-
Damn crypto... Well the best is to set orders in advance not too much lever and set bigger orders lower be rdy for every cases... whatever.
Komen
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I'm just going to leave with open orders, if we lose 9280 we go straight to 6k at that point and I go buy a ton. It would take more than 1-2 hours. Might miss the window to short on 9280 failure as support.
Either the whales want to profit from the weekly inside bar medium term or monthly long term + make it look like 2014 but this time bear market wo'nt last as long not 2 or 3 years maybe couple of months at best.
Komen
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I think I posted several times that if we lose 10210 we open short and accelerate to 9300. Well I was wrong, if that happens the exchanges lock you out and you get fked :) Too many panic sellers giving traders money and the exchange probably decide they're the ones that should get it all.
I considered shorting at 9700 at the top of that wedge I posted, but didn't have the time.
Would have made a couple of thousands if I didn't go to work today... I quit as soon as I can... Miss out too much no human being can tolerate that.
Komen
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Golden tips, among the best anyone could give:
- If we lose a support and accelerate down because of FUD news, we won't be able to open shorts. We have to accept that fact. Would be too easy anyway... - We set orders at support beforehand and use high leverage so we get liquidated if it doesn't move our way which limits our losses. ONLY IF THE BROKER DOESN'T HAVE THE RULE "LOSSES CAN EXCEED DEPOSIT". - We set fishing orders at the next strong support in case the support doesn't hold. High leverage there too, not too high not too low. 10 leverage means you can take up to a 10% loss. Spreading the orders downwards lower the buy price and lowers the liquidation price. - We don't waste time trying to find a good exchange they are all bad.
Komen
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Btw I posted this yesterday:
Komen
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Mission debriefing: 10210 would have been an easy 4-5% without the FUD news. Should expect this BS to happen up to a few times every month when people are scared.
Placing opportunistic buy orders around the next strong support cancles that risk. Easy.
Komen
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Oh my. Some struggler trying to tell me I'm not always right I can't always win made me look at this idea didn't want too in the past it would have hurt too much, but now I look, if I didn't have a useless reunion (learn how to scrum, that's how useless) and some dude calling me to talk some pointless stuff I would have actually made money -.-
Don't day trade from work lol. Seriously. it's really dumb. Transform a win into a lose. Can't believe how much my job set me back. Anyway now I only swing trade and got a strat to always win so it's all good. Now that the price stopped moving and there's no more opportunities...
Unless those cancerous pump and dump rats are jailed and their assets confiscated, this shit will continue with corresponding promotions on social media and even here on tv. I'd be very, VERY careful playing on mex if you don't know who runs them and who work with and how this game truly works from the inside out. Stop hunting and liquidation is the name of the game. If you don't care about blowing up account, then you can better donate to good cause. 2018 is not time anymore for over leverage. Leverage became dangerous when exchanges manipulated with flash crashes last year, supposed "hacks" and "ddos" and therefore leaving with liquidated accounts worth over tens of millions who were loyal clients. Cui bono? That's why I warned for coming crash, it's much bigger than mtgox and sheeple are very, very naive to think everything will be okay. People say regulations is good thing, but not for crypto market price and for good reasons, you'll see and it takes a few braincells to understand. People can go back to taxi job and flipping burgers and cry for big brother to help and they will.
A bounce should have already happened since 10.5 to 11k, so they have hunted hunted people's stops, but more importantly, they have hunted high level accounts for liquidation for free lambo money. I just got hunted as well in my scalp and lost a few grand with this double bottom and shaken out before this $300 points pump which could go to 11k and should have... and of course when you short with large bag at mex it pumps up and then dumps, you ever wondered why, here is your answer. Does this look legit to you? Of course not, it was normally set up for bounce this entire structure. Got bad luck because they needed to hunt high level account again on mex. So now it pumps after liquidation. You were close when you said stophunt, but that is just small. You were wrong in assuming joe smoe and retail investors are buying here and panic selling. Joe is already out of game and wants to break even at 17k, every pleb already knows about crypto and those who got in bought the top (mainly ripple) and the rest don't like crypto, smart money not buying this bs prices when they accumulated ripple < $0.03 and eth < $2, ltc < $5, wallstreet is forbidden to buy btc and big hedge funds do not buy pump and dump speculative asset classes. So who is left? Manipulators who filled their bags of stupid money and pumped this shit up and dumped it to get their money back + profit. It's 100% clear its bots with same order size all day long (just watch order book entire day or use level 2 market profile) and when enough accumulated and calculated how many suckers they got in, they dump. So here you go, nobody will tell you, because 98% are complete ignoramuses in here and 2% know and don't tell their knowledge. Just watch volume buy volume vs sell volume. It's same shit for several years.
Oh well, I took 8% profit from my short and reshorted here at 10.75k to 10.45k and have already set up some spot buys at 10.3k sell at 11.2k, then buy back in cheaper, but got to see tomorrow, orders already set and forget. Good luck broski :)
CryptoSwindle
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Here, look at this bs mini dump, slave got orders from his master to execute and then price goes back up immediately after job done. Why trade when you can steal money, it's worth more than fees earning a lambo every hour.
MrRenev
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@cryptogast33, About stop hunts... ye it has been happening non stop, endessly...insane. I wouldn't day trade for too small percents with this cancerous bs going on.
On Bitmex I'm only trading with 1000 rn, so 25k with lever. I cannot lose more than 1k. Idgaf about that.
I wouldn't use bigger amounts with all the scamming.
Bigger amounts ===> Swing trading ladder buys etc. Cutting losses is manual and logical tbh I don't even use stop losses to avoid getting killed by a fake flash crash.
Even if a whale drops the price 2500$ in 10 seconds it goes back up instant before slowly going down. BTC in 10 years basically never dropped that much in so little time.
Even when the whales made it drop instant it went back up.
I think the most BTC dropped with 15 minutes is a few percent.
CryptoSwindle
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@MrRenev, True that bro. I don't use stops either on my scalps and also no indicators, only on positions and on mex perps and futures, both crypto and forex. With wicks that go behind swing long (your mother bar) and then instant pump after it's very clear why people do this when mex and okx became big players on this field, indeed, never seen before this wicked pnd, even more insane in alt space.
They use no tactics now with bot fake demand pumps, it's always same order size. When it's reaching chart pattern and low volume, they gonna dump all accumulated and meanwhile have sold 1/3 of bags already to the top, so they can dump below price all time and still make a killing, then collect from bottom again with sl triggered and panic sellers. There were a lot of whales who didn't expect 6k drop and bought in at 7-8k (they also dont use sl), so this fake bullrun to top of channel was expected, since they needed to sell big bags with profit, otherwise we would have go to mid channel before going to test 8k, which I think was the plan which got halted.
As written last night, 10.45k close short it hit 10.4k, bottom is very close now (10.2-10.3), but of course you never know when there is legit panic seller with large bag, but then we can almost guarantee it goes to 13k next on basis of psychology and knowing the "game". To be honest, most ta doesn't work because of it, but it can't be that obvious or they'd be in trouble, which many will in alt space for obvious pnd and their records are known on exchange and blockchain.
Good luck and make good profit from those dirty market makers as much as possible!! :-)
MrRenev
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@cryptogast33, Btc idk if you knew but Bitmex CEO founder when he got out of school got a job as a market maker then quit to arbitrage and then created Bitmex.
Taking it up a step further...
CryptoSwindle
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@MrRenev, Yep I know :-) I know some early guys in this game who created their own exchange and created trading platforms. There is a new one coming soon from one of my old time trading friends with 200x leverage. Most of us got stolen from by exchanges (some lost a little bit, most of us lost a lot if not all), so it's always best to create your own :-) I like finex a lot though, since they're most transparant and do what they say, but I also know mr spoofy and lots of bots are there, even worse on binance for the shitcoins.
MrRenev
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@cryptogast33, Did you look at Bittrex? Since their fees are sooo high, they might not have as much BS scamming and a working site unlike bmex kraken etc
Better pay for high fees at least you know how they make their money.
Or Gdax... 0.3% for takers but none for makers + they take so much on coinbase.
Only problem is no shorting, oh and they ask for 2 ids which might be a problem for some people.
The same dips etc will happen because of whales but you get less noise maybe and less "oh we're having a maintenance" "oh the site is overloaded right now uuuh unlucky".
CryptoSwindle
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@MrRenev, I'm on all the major exchanges (have learned from putting everything in one basket in the past, regardless if you're a loyal customer or not), also on rex. Their exchange became pretty much illiquid after binance became big due to their stupid account locking mistake and big orders don't sell at all, only small and lots of bots still on rex, but if you know how to bait them (they only buy at x price with spoofing orders in books and arb that then dump on their walls, you make good $ - ofc with risk when it turns against you in binance). I like rex though, they've been here for a long time and support is good, but yeah, wallets go in maintenance without prior notice when big stuff is about to happen, so that is a big negative.
Yep, still waiting to short on rex and binance, they've been promising for a long time already, still not here. For alts shorting, finex and polo are good.
MrRenev
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@cryptogast33, Still waiting too ye...for Binance. I never shorted on Polo, but next time shittiest of the noob shitcoins get pumped I'll short them.
If you were hoping scalping gets better, it doesn't look like it will, they'll never jail the stop hunters and all the criminals...
""
In the last decade, algorithmic trading (AT) and high-frequency trading (HFT) have come to dominate the trading world, particularly HFT.
During 2009-2010, anywhere from 60% to 70% of U.S. trading was attributed to HFT, though that percentage has declined in the last few years.
Bloomberg reports that while in 2010, HFT "accounted for more than 60% of all U.S. equity volume,” that proved to be a high-water mark.
By 2013, that percentage had fallen to roughly 50%.
Bloomberg further noted that where in 2009, "high-frequency traders moved about 3.25 billion shares a day.
In 2012, it was 1.6 billion a day” and “average profits have fallen from about a tenth of a penny per share to a twentieth of a penny.”
""
MrRenev
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@MrRenev, @cryptogast33 I think we're at 50% now, but in that number there's less and less retail traders and more and more exchanges bots and I think the profit get smaller.
A bounce should have already happened since 10.5 to 11k, so they have hunted hunted people's stops, but more importantly, they have hunted high level accounts for liquidation for free lambo money. I just got hunted as well in my scalp and lost a few grand with this double bottom and shaken out before this $300 points pump which could go to 11k and should have... and of course when you short with large bag at mex it pumps up and then dumps, you ever wondered why, here is your answer. Does this look legit to you? Of course not, it was normally set up for bounce this entire structure. Got bad luck because they needed to hunt high level account again on mex. So now it pumps after liquidation. You were close when you said stophunt, but that is just small. You were wrong in assuming joe smoe and retail investors are buying here and panic selling. Joe is already out of game and wants to break even at 17k, every pleb already knows about crypto and those who got in bought the top (mainly ripple) and the rest don't like crypto, smart money not buying this bs prices when they accumulated ripple < $0.03 and eth < $2, ltc < $5, wallstreet is forbidden to buy btc and big hedge funds do not buy pump and dump speculative asset classes. So who is left? Manipulators who filled their bags of stupid money and pumped this shit up and dumped it to get their money back + profit. It's 100% clear its bots with same order size all day long (just watch order book entire day or use level 2 market profile) and when enough accumulated and calculated how many suckers they got in, they dump. So here you go, nobody will tell you, because 98% are complete ignoramuses in here and 2% know and don't tell their knowledge. Just watch volume buy volume vs sell volume. It's same shit for several years.
Liquidated short on XBTUSD: Buy 1,900,000 @ 10794.5 ~ GODLIKE @ twitter.com/BitmexRekt/status/971176123001339904
Oh well, I took 8% profit from my short and reshorted here at 10.75k to 10.45k and have already set up some spot buys at 10.3k sell at 11.2k, then buy back in cheaper, but got to see tomorrow, orders already set and forget. Good luck broski :)