The power of lo(n)g lines

9 thg 5, 2019

If you believe in the power of gradient lines drawn on semi-log scale graphs (which are in fact curves) then today is probably the best day to risk shorting BTCUSD in the 6000-6500 zone in a hope to cover in the 4500-5000 zone (or even try to ride it into oblivion from here with a wide trailing stop left unattended for months).
Personally though, I would like to see a relatively big short-liquidation fueled spike above this line, try to trade that volatile mess for quick decent gains and then give it some time to devise what looks like the next best idea.
You are always welcome to counter-trade me. One of the best indicators are the consistent losers. :) But this one here is purely for entertainment purposes (simply because I didn't post anything for a long while...).
Good luck, try to have fun, and all that...

11 thg 5, 2019

Giao dịch đang hoạt động

I uncharacteristically went out Friday night, so wasn't here to update or risk "scalp" longs above the line but I had some limit sell at ~6800 (6750 on backwardated contracts). Accordingly +500 USD offset to S and T but I will probably close this manually (in minimal profit or break-even) around Monday before either could be reached (depending on how things might feel during the next few days).

13 thg 5, 2019

Đóng lệnh: dừng lỗ

This will be yet another legendary fail chart then. Ah well, 'till next time... :)