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Topic: I quit my job to do full-time crypto-trading. Made 12 BTC profit last month - page 13. (Read 10811 times)

member
Activity: 434
Merit: 34
Amazing. This is one of the rare times the crypto asset price acts exactly according to technical analysis!  Flag bullish vreacout to the $156 lvl and further rebound from the resistance line.

member
Activity: 434
Merit: 34
I opened a long position earlier today at 7427 because Bitcoin broke 7400 resistance as you suggested. Another reason for this move is beautiful inverted head and shoulders pattern which is very bullish signal. Pattern can be seen on a screenshot bellow. I hope it's not a bull trap. I have a stop loss at 7459 so I will close with minimal profit if Bitcoin says f*ck your TA, I do what I want Cheesy
My first goal is 8100 and second goal at 8700.
The 6849 sell order is a Stop Market order. If it crashes to 6849 it's going way down so I'm shorting there. I don't think it will happen though.



It's typical of BTC to go crazy and abuse any logic lol

Interesting view. Do you act at this timeframe? I mean not using others
legendary
Activity: 2884
Merit: 1115
Leading Crypto Sports Betting & Casino Platform
I opened a long position earlier today at 7427 because Bitcoin broke 7400 resistance as you suggested. Another reason for this move is beautiful inverted head and shoulders pattern which is very bullish signal. Pattern can be seen on a screenshot bellow. I hope it's not a bull trap. I have a stop loss at 7459 so I will close with minimal profit if Bitcoin says f*ck your TA, I do what I want Cheesy
My first goal is 8100 and second goal at 8700.
The 6849 sell order is a Stop Market order. If it crashes to 6849 it's going way down so I'm shorting there. I don't think it will happen though.

member
Activity: 434
Merit: 34


XBTUSD price has been experiencing the downwards tendency for several month already.

The decline in Novemner was one of the most substantial recent movements that resulted in $7400 support level breakout and further rebound from the bottom border of the downwards range.

Currently, the price is consolidated around $7400 level with the potential to retest. If so, the further price targets are the bottom border of the range (yellow line) and then $5700 level.

On the other side, if the resistance is broken out the price is likely to test the upper border and the level of $8500.
member
Activity: 434
Merit: 34
BTC price after strong breakouts of $8000 and $7800 levels (the ones of declining trend) faced a strong support of $7400 and rebounded from this level, making the price consolidating above it.

Just closed my modest short trade at $7550.



After short trade didn't open any positions yet.
Waiting probably for the bull rally in long term due to halving tendency and this beautiful forming double bottom pattern. Major support is $7400. Looks like last resort for $BTC.

member
Activity: 434
Merit: 34
Some thoughts on Ethereum price movements

Ethereum price experienced an upwards trend in a triangle since the end of October.
On 14th of November the bottom line of the pattern was broken with the price crossing the level of $180.
This weekend the price again was back to the former support and formed the retest pattern so far.
The price scenarios are 175 lvl eventually in case of bearish pressure. For now the volumes are low, but personally I do not expect strong bear rally. Rather expect some consolidation in the current area.
In case of the bullish pressure. $195 would be the target.





RETEST TRADE

Look at that nice retest. The projection came true, +3.5R gain.
member
Activity: 434
Merit: 34
Some thoughts on Ethereum price movements

Ethereum price experienced an upwards trend in a triangle since the end of October.
On 14th of November the bottom line of the pattern was broken with the price crossing the level of $180.
This weekend the price again was back to the former support and formed the retest pattern so far.
The price scenarios are 175 lvl eventually in case of bearish pressure. For now the volumes are low, but personally I do not expect strong bear rally. Rather expect some consolidation in the current area.
In case of the bullish pressure. $195 would be the target.


thats simple analisys using line and few indicators only. This way give us big picture for market movement. This strategy analize the seller or buyer behaviour in market that decribed with these tools. Most of beginner trader trapped in indicator and they forget about  price action analisys that represent market movement and trend. Next i want to share my analisys based on support resistance technique.

Totally agree. Would be interested to discover your view of the market!

sr. member
Activity: 1050
Merit: 250
Some thoughts on Ethereum price movements

Ethereum price experienced an upwards trend in a triangle since the end of October.
On 14th of November the bottom line of the pattern was broken with the price crossing the level of $180.
This weekend the price again was back to the former support and formed the retest pattern so far.
The price scenarios are 175 lvl eventually in case of bearish pressure. For now the volumes are low, but personally I do not expect strong bear rally. Rather expect some consolidation in the current area.
In case of the bullish pressure. $195 would be the target.


thats simple analisys using line and few indicators only. This way give us big picture for market movement. This strategy analize the seller or buyer behaviour in market that decribed with these tools. Most of beginner trader trapped in indicator and they forget about  price action analisys that represent market movement and trend. Next i want to share my analisys based on support resistance technique.
member
Activity: 434
Merit: 34
Some thoughts on Ethereum price movements

Ethereum price experienced an upwards trend in a triangle since the end of October.
On 14th of November the bottom line of the pattern was broken with the price crossing the level of $180.
This weekend the price again was back to the former support and formed the retest pattern so far.
The price scenarios are 175 lvl eventually in case of bearish pressure. For now the volumes are low, but personally I do not expect strong bear rally. Rather expect some consolidation in the current area.
In case of the bullish pressure. $195 would be the target.

member
Activity: 434
Merit: 34
While the market continues its strange behavior, I continue not caring. Sometimes this strategy makes you more efficient.
The guys below help me not to care a lot 👌😁

member
Activity: 434
Merit: 34
Recently, the price of BTC experienced an array of impulces, along with the low of the month.
Managed to take an advantage of the latest price movement with the short trade afterthe strong level rebound ($9100).
Opened short at the confirmation movement and closed at the price consolidation. Overall, 250 points gain.

At the chart there are the major price tragets are indicated, according to the sifnificant levels and price action analysis.

Currently, looking for breakout or rebound from the nearest resistance level (lower white line).



It broke the lower white line (8800) for a few minutes, but then immediately pulled back to 8700. It almost tricked me to take a Long position. Now waiting whether it will hold above 8600 support.

Did you open the position eventually?
I'm in long on Binance for long term
I did earlier but didn't hit my target so I waited when I should just give up and close it. Now I'm pretty balls deep and don't want to take a ~30% loss (10x laverage) so I keep being patient. Still have some room above liquidation mark so I'll just take a risk and wait.
I'm not very optimistic though. Just look at that declining resistance from 26 October on. If breakout happens I'll be very bullish but I'm not at the moment.

Indeed so.

TC price experienced a decline during a week approximately.

Many consider the dynamics rather pessimistic after theis week. Personally I am not convinced in strong bearish rally, would better wait for any border breakout, anyway...

Possible targets are still accessable by both bulls and bears.

legendary
Activity: 2884
Merit: 1115
Leading Crypto Sports Betting & Casino Platform
Recently, the price of BTC experienced an array of impulces, along with the low of the month.
Managed to take an advantage of the latest price movement with the short trade afterthe strong level rebound ($9100).
Opened short at the confirmation movement and closed at the price consolidation. Overall, 250 points gain.

At the chart there are the major price tragets are indicated, according to the sifnificant levels and price action analysis.

Currently, looking for breakout or rebound from the nearest resistance level (lower white line).



It broke the lower white line (8800) for a few minutes, but then immediately pulled back to 8700. It almost tricked me to take a Long position. Now waiting whether it will hold above 8600 support.

Did you open the position eventually?
I'm in long on Binance for long term
I did earlier but didn't hit my target so I waited when I should just give up and close it. Now I'm pretty balls deep and don't want to take a ~30% loss (10x laverage) so I keep being patient. Still have some room above liquidation mark so I'll just take a risk and wait.
I'm not very optimistic though. Just look at that declining resistance from 26 October on. If breakout happens I'll be very bullish but I'm not at the moment.
member
Activity: 434
Merit: 34
The title of this your topic reminds me of what I actually did in early 2018, I quit my job to face Cryptocurrencies full-time and used my savings to get into trading, it was cool at first and I doubled my funds in days and suddenly came the dip, I started buying and buying the dip thinking that it would moon soon again and I would make millions, well it never did and here I am today, my success story. Although I have to admit that I didn't regret quitting my job, it was definitely one of the best decisions I ever made because it opened my eyes to new opportunities.

Sounds great!
Are you still full-time trader?

Agree. This is like a personal breakout Cool
member
Activity: 434
Merit: 34
Recently, the price of BTC experienced an array of impulces, along with the low of the month.
Managed to take an advantage of the latest price movement with the short trade afterthe strong level rebound ($9100).
Opened short at the confirmation movement and closed at the price consolidation. Overall, 250 points gain.

At the chart there are the major price tragets are indicated, according to the sifnificant levels and price action analysis.

Currently, looking for breakout or rebound from the nearest resistance level (lower white line).



It broke the lower white line (8800) for a few minutes, but then immediately pulled back to 8700. It almost tricked me to take a Long position. Now waiting whether it will hold above 8600 support.

Did you open the position eventually?
I'm in long on Binance for long term
member
Activity: 434
Merit: 34
Probably sth interesting will happen at $ETH chart.
Keeping abreast to open a trade!

The price consolutdated more and more that is a sign of possible impulse.
Currently, there is a local downwards trend and low volumes, however, the global tendency is still unknown.

Thus, looking for thr channel breakout with the nearest targets - $195 for bulls and $175 for bears.

hero member
Activity: 994
Merit: 502
The title of this your topic reminds me of what I actually did in early 2018, I quit my job to face Cryptocurrencies full-time and used my savings to get into trading, it was cool at first and I doubled my funds in days and suddenly came the dip, I started buying and buying the dip thinking that it would moon soon again and I would make millions, well it never did and here I am today, my success story. Although I have to admit that I didn't regret quitting my job, it was definitely one of the best decisions I ever made because it opened my eyes to new opportunities.
legendary
Activity: 2884
Merit: 1115
Leading Crypto Sports Betting & Casino Platform
Recently, the price of BTC experienced an array of impulces, along with the low of the month.
Managed to take an advantage of the latest price movement with the short trade afterthe strong level rebound ($9100).
Opened short at the confirmation movement and closed at the price consolidation. Overall, 250 points gain.

At the chart there are the major price tragets are indicated, according to the sifnificant levels and price action analysis.

Currently, looking for breakout or rebound from the nearest resistance level (lower white line).



It broke the lower white line (8800) for a few minutes, but then immediately pulled back to 8700. It almost tricked me to take a Long position. Now waiting whether it will hold above 8600 support.
member
Activity: 434
Merit: 34
Good luck... hopefully you have enough experience to get a regularly income of your trading. how long do you already trade?
i have seen so many people quitting their job in 2017 cause they are going to be fulltime trader. most of them weren't really happy about their decision some months later..
4 years in crypto trading, and 12 years of trading I don't know what it means 12 years. Ill think it is not belong to crypto.
Yes we also seen in that past years 2017 that many people are quitting their job for crypto, In that time in crypto have some some good project or a campaign that we want invest and participate some bounties. And in come of trading it was worth cause of this some coins holding are into a high price.

Now the times changed. In 2019-2020 the ICOs and bounties are not so "fashinable" and profitable. Quitting job without appropriate expertise would be extremely silly. This is a good choice only if you can allow yourself a high risk and ensure the profitability.

Well aside from investing for a capital to be used in trading, you need to dedicate your time, effort and perseverance in learning a lot of things like technical analysis and keeping with the news since these are one of the major tools used in trading in order to somehow predict the price of a certain cryptocurrencies. It is not something that you can decide lightly right away. In addition, you need to read a ton of articles and threads like here in the forum to learn over then experiences of others and also accumulate your own experience through time.

Definitely it is so. I mean even when you are experienced, interested and keep stydying (this is must), you may not allow yourself to trade crypto full-time by an array of the reasons. It depends so much.
member
Activity: 434
Merit: 34
Recently, the price of BTC experienced an array of impulces, along with the low of the month.
Managed to take an advantage of the latest price movement with the short trade afterthe strong level rebound ($9100).
Opened short at the confirmation movement and closed at the price consolidation. Overall, 250 points gain.

At the chart there are the major price tragets are indicated, according to the sifnificant levels and price action analysis.

Currently, looking for breakout or rebound from the nearest resistance level (lower white line).

sr. member
Activity: 540
Merit: 252
Good luck... hopefully you have enough experience to get a regularly income of your trading. how long do you already trade?
i have seen so many people quitting their job in 2017 cause they are going to be fulltime trader. most of them weren't really happy about their decision some months later..
4 years in crypto trading, and 12 years of trading I don't know what it means 12 years. Ill think it is not belong to crypto.
Yes we also seen in that past years 2017 that many people are quitting their job for crypto, In that time in crypto have some some good project or a campaign that we want invest and participate some bounties. And in come of trading it was worth cause of this some coins holding are into a high price.

Now the times changed. In 2019-2020 the ICOs and bounties are not so "fashinable" and profitable. Quitting job without appropriate expertise would be extremely silly. This is a good choice only if you can allow yourself a high risk and ensure the profitability.

Well aside from investing for a capital to be used in trading, you need to dedicate your time, effort and perseverance in learning a lot of things like technical analysis and keeping with the news since these are one of the major tools used in trading in order to somehow predict the price of a certain cryptocurrencies. It is not something that you can decide lightly right away. In addition, you need to read a ton of articles and threads like here in the forum to learn over then experiences of others and also accumulate your own experience through time.
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