My sell order to close hit. If the btc price has a nice pullback, will re-enter long btc perp futures
Roundtripped again... $900+ profits to about break even, closed half position at $18,795 and $18,804 Was waiting for the Asian traders to get the party going but they never showed up, volume was flattish Anyway, good day today, will go long again tomorrow morning
Very bad entry, woke up to this chart many green candles, first red candle and couldn't quite catch it fast moving market, so like an idiot, fomoed at a high print, currently at a loss rn, it's ok, will ride it through, must be some news out there Long btc perp futures @ $19,264
I'm really enjoying this thread, @johnarb. Thanks for taking the time to post your thoughts, trades, and charts. Very helpful.
Thank you, Axon. Very much appreciate your post. I stopped posting trades, mainly because volatility was crap on btc (perp futures) until recently Today is a bad entry but I plan to hold the position for many hours. I think btc is going back to $20K but it may not necessarily mean today or tomorrow Bad timing on my part, woke up and seeing that chart green candle after green candle on good volume. Still looking for the news that drove this move, but haven't found it, yet. Will update the thread if I see one It may just be a bunch of leveraged shorts that keep getting liquidated and then new shorts pile on to higher prices. Saw a Twitter post that the funding for being long btc perp futures is negative(?) the market is too heavy on the short side they pay the traders to go long, but still not enough takers Anyway, there are 2 charts I always post, the one on the left is from the crypto perpetual futures platform but the one on the right is the more accurate market chart - Binance Spot market with volume info
Minor update, position is now in good profits, I pray I don't roundtrip it to a loss, but no plans to close, yet The nice uptrend of bitcoin price is also related to the metals uptrend. Yellen worried about government shutdown or something in June, could be a reason for money printer go brrr credit to Lawrence Lepard