Crypto Macro Trends for 2022

Discussion in 'Crypto Assets' started by johnarb, Jan 3, 2022.

  1. schizo

    schizo

    Don't go long. It already reached the expected target of 21250. I think it will retrace back down to 19200-ish before shooting up again.
     
    #641     Jan 13, 2023
    johnarb likes this.
  2. johnarb

    johnarb

    Thanks for headsup, trying to figure out where my stop loss is right now, but to be honest, if it can stay above $21K, that will act as new support and could make a run for $22k, $23k or $25k

    Keeping an eye on volume and candle sizes and wicks, so far, healthy buying I can see, relentless, fearless buying. Shorts are the ones getting liquidated

    This is a short term trade and not an overnight hold

    upload_2023-1-13_17-17-39.png
     
    #642     Jan 13, 2023
  3. schizo

    schizo

    Personally, I think you're too late to the party. As I said already, there's a greater chance of this thing pulling back. If I were you, I would either stay flat or go short.

    But I wish you had gotten my message earlier this week. Made the call just before it skyrocketed. :)

    https://www.elitetrader.com/et/goto/post?id=5744910#post-5744910
     
    #643     Jan 13, 2023
  4. schizo

    schizo

    I just don't see it the way you do. Sorry. Just being honest.

    upload_2023-1-13_17-29-37.png
     
    #644     Jan 13, 2023
    johnarb likes this.
  5. johnarb

    johnarb

    closed for a loss, @ $20,725, but it's bouncing now, buyers area on my chart, but I entered at a an over extended area

    upload_2023-1-13_17-31-0.png
     
    #645     Jan 13, 2023
  6. johnarb

    johnarb

    Today is a good day, look back to this morning, up over $7K even after this $3K loss, just got careless with this last entry

    I should stop trading, though for today, because like a gambler in a casino, will probably end up giving up all the gains
     
    #646     Jan 13, 2023
  7. schizo

    schizo

    Maybe we might get a double top formation. That should be where you should go short, not long. The upward momentum is over.
     
    #647     Jan 13, 2023
    johnarb likes this.
  8. johnarb

    johnarb

    I don't short btc, but I would short Eth perp futures

    My whole portfolio is long btc for(ever) years strategy

    , this perpetual futures trading is for short term trades only
     
    #648     Jan 13, 2023
  9. schizo

    schizo

    Let's pretend that I just went short @ 20900

    stop at 21300
    target at 19300

    We'll revisit this post later :)
     
    Last edited: Jan 13, 2023
    #649     Jan 13, 2023
  10. johnarb

    johnarb

    let's pretend you did that... but you can try to make it real, crypto perpetual futures trading is the best, i.e. bybit

    $1,000 for 1 btc position gets you a thousand point move in either direction

    I know you don't consider macro and other fundamentals stuff, but January effect, btc just ran train on shorts from $16K to $21K, there is no way in my mind we hit $17,300 even if there's a DCG or Gemini bankruptcy
     
    #650     Jan 13, 2023