I am just thinking about throwing in for fun 200 Bucks Bitcoin long CfD now after the mini crash to make some profit 200pip- 400pip upmove-anybody here with same idea?
I just read the 4Chan prophecy for Bitcoin. I’ll get into the train and will only jump off by 2021.
WTH is the prophecy?
Some weirdo at 4 chan radomly predicted the path to 1BTC = $56k by February 2020… and so far he’s right.
I jumped out yesterday 200 pip profit. Since that the price is flat- waiting for the next big move-end and do the same again.
I was testing how the purchase works, so i bought 4 times one micro lot. The margin was 1,7 Eur for one micro lot, spread just some pips, but the broker charged 51 cent comissionfor a micro lot. After each 100 pip I made approx.90 cent profit/micro lot. The comission seems to be a little bit high…?
I am scary to make such big investment without any real thought about that. Simply scary and that’s damn it no matter how you put it. What if that guys fails completely and totally. See my point ? I do want to make it happen really but anyway let’s deal with.
You are absolutely right-Just observe the chart after the last big drop on 28.08.-thats all custom made by some organisations, After the 28.08. drop i speculated (as it happened the last days,) on an correction move between 200 and 600 pips, up, after 200 i closed around 9600, and since that time the price is flat.
Now i am sure a similar breakout will occur-.But investing now is like playing black/red in the casino- either up or down,
Many ’ experts " say it will go down to around 6000 or lower and at the end of the year we will see 20000…
So i wait for the next breakout and get again in the correction move when price calms down.
Took a closer look at the 1M/1 D/1W/4hrs charts- in my opinion this significant descending triangle pattern with the actual resistance zone speaks for a soon down rush- odds for down are much higher than odds for up.
Are you a regular trader of cyrpto’s ?
This sounds a bit hit and hope…If you were a trader at a hedgefund would you be able to explain yourself if the trade went wrong ?
I don’t trade cryptos normally, i just became curious because of the strange up and down moves last week- its more gambling than trading in general, but everybody who has gained some knowledge about chart reading must be blind if he doesnt see what i explained .But as i mentioned- its still gambling because those guys who catapult the price up and down really don’t care concerning technical rules…
Bitcoin is such a phenomenal that a lot of medium sized hedge funds do not touch it,I believe 90% of bitcoins are held by retail investors and the remaining amount is held by one or two private investors which means that they will be a magnified herd mentality…retail investors always kill charts!
I know the temptation to want to try something when the grass looks so green. You have this renewed energy and you want to put it to work! One of the hedge funds I worked with wanted to find correlation with one European currency(I cant say which NDA)
But what I found most useful is to do the Ray Dalio instead and “look at your current trading setup and try to identify the full 360 to see if you have missed anything”…kind of boring I know but its continues improvement.
Interesting…so what is your bread and butter when it comes to trading ?
Many Hedge Funds dont touch it because they know that the price moves are irrational and custom made-but just to illustrate what i mean this screen shot-but as i mentioned: bitcoin analyzing and trading is just playing around and more a conversation in a sports-betting cafe than a serious price prediction… Inspite my analyzis is correct (from the rules), i would not be surprised if exactly the opposite will happen next hours.
But thats Bitcoin trading (to my mind)
I’d never trade withou a stoploss.
Someone at High to Low Sinkingstone, told me to jump of the bridge now. so I’m gone.
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Ha,ha- just as I argued- the opposite variant happened and it moves upward. Lets see how much
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USTEC dropped 100 bitcoin rises…is it e gold ?
My 4 short positions got margin stopped because i let them run, but the market did not correct in time-total loss. But i jumped on the upmoving train with 5 additional long positions, Take profit 10400 and got each cent back.with some profit. Revenge trading only works, if someone has allready gained a minimum level of instinct (or luck).
Generally speaking i do belong to those people who say that within the next months bitcoin has high potential to rise against 20000.
The overall geopolital situation is very insecure, and latest action showed us, that demand for bitcoin correlates positive with bad economic and political news. But ( on the long run) i would prefer buying real bitcoins than storing CFDs in the traders account.
I actually looked up the 4chan bitcoin prophecy. Pretty interesting to say the least! I think this photo was posted back in July.
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