I quit my job to do full-time crypto-trading. Made 12 BTC profit last month - page 16.

Mark_R

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BNBUSDT was fluctuating in a firm upwards diapason for a week approximately.

On the 23th of October-eve of 24th, the price broken out the support and reached the support of October, 13.

As soon as the price rebounded from the support the bull rally started.

Opened a long position at the confirmation, for now closed 50%. Waiting for the consolidation on the resistance levels (marked in yellow).

The price may stop moving at reaching both resistance levels - horisontal and the lower border of the upwards trend (marked in white).

Mark_R

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Quote from: buwaytress on October 24, 2019, 11:34:52 AM

Quote from: Mark_R on October 24, 2019, 11:03:45 AM

Quote from: error08 on October 23, 2019, 11:39:37 PM

Well, we have entered the bear phase as bitcoin tumbled to $7289 a few hours ago.
Have bought bitcoin to add into my wallet, but where it's headed next? $7500 seems like the new support right now. Let's see what happens in the next 24 hours, probably it will rebound to $8000.

Agree. $7500 for now seems to be a support and also a strong psychological level. Many people expect the autumn 2018 repeat (huge drop), but imo the same drop hardly will happen this time.
However, I consider $7200 and below quite possible in case of $7500 breakout. Will post some thoughts in terms of further BTC movements in some minutes here

Psychology's where my money's always at in the short term (not that I trade on it, so I don't feel bad if I turn out to be wrong). But I tend to see 7k and 8k as the more obvious demarcations, mid range is always just something to think about but now dwell on.

I don't have a strong opinion of what's October going to end. For practical purposes of end of month, I would like a dip to 7k, before a bounce back to 8k just as I sell.

That rebound needs a bigger dip first though. Not likely in the next 24 hours I feel.

Yeap
In short-term it is rather neutrally fluctuating inside the diapason $7-8k

tambok

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Quote from: Triffin on October 24, 2019, 04:13:51 PM

Quote from: Edraket31 on October 24, 2019, 11:12:24 AM

Quote from: Innocant on October 24, 2019, 01:15:55 AM

Ill think not only you are quitting job already its because of crypto doing trade all the time to earn more profit on trading. Iv'e seen some people like you to quit job because they can earn enough in doing trade but need more experience on trading it was to risky trading all the time. And 12 BTC you earn for trading that was a high amount maybe it come to years to earn on at.

Still this is possible for those who knows the potential of crypto, yes, it maybe a lot of money to everyone, especially for me, that's really a huge amount of money, but if he has been dedicated in trading, he was focus and almost everyday he's working out on it, then that is really possible as there is no impossible in trading if we just want to achieve something.

Crypto has profit for all of us and if we will work on it honestly I am sure we can become rich with trading in crypto but getting something as your only mean of getting money need an expert mind. So if you are having trading as single income resource make sure you give your best and if you have chances better use regular job with long term trading.

For those who quit their job and do full time crypto trading, respect and salute to you, it means that you are willing to take risk and you love and you want what you are doing, I believe that those who knows how to take risk are the ones who becomes successful, meaning you find yourself doing trading, so good luck to everyone, hope one day I will do the same.

error08

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Activity: 1036

Merit: 514

Quote from: Mark_R on October 24, 2019, 11:06:36 AM

Looking at the broader picture of Bitcoin price movements (1d) that is worth saying that yesterdays' drop signified the confirmation of the downwards channel lasting for 4-month.

4 months? Then it would be so hard for bitcoin to breakout $8500 level, after stuck on $8200 for almost a month then bitcoin starts with a new persistence price.

Quote from: Mark_R on October 24, 2019, 11:06:36 AM

$5600 acts as a final bearish target, while $10400 is a bullish final target for now. The consolidations and retests are expected at the strong levels zone, including downwards trend lines (yellow & green) that, supposedly, will contribite signoficantly to the price dynamics.

$4800 spectrum seems too broad, but realistic for 4 months final target, hopefully it will go bullish before the halving. Have to look at closer range probability for now to determine my decision to buy and sell bitcoin.

Triffin

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Activity: 952

Merit: 251

Quote from: Edraket31 on October 24, 2019, 11:12:24 AM

Quote from: Innocant on October 24, 2019, 01:15:55 AM

Ill think not only you are quitting job already its because of crypto doing trade all the time to earn more profit on trading. Iv'e seen some people like you to quit job because they can earn enough in doing trade but need more experience on trading it was to risky trading all the time. And 12 BTC you earn for trading that was a high amount maybe it come to years to earn on at.

Still this is possible for those who knows the potential of crypto, yes, it maybe a lot of money to everyone, especially for me, that's really a huge amount of money, but if he has been dedicated in trading, he was focus and almost everyday he's working out on it, then that is really possible as there is no impossible in trading if we just want to achieve something.

Crypto has profit for all of us and if we will work on it honestly I am sure we can become rich with trading in crypto but getting something as your only mean of getting money need an expert mind. So if you are having trading as single income resource make sure you give your best and if you have chances better use regular job with long term trading.

crossabdd

legendary

Activity: 1316

Merit: 1145

you took a long time to trade. I believe it gives you lots of knowledge and experience. I have the same experience as you. take off my work and focus on crypto. I am 5 years crypto but do not have much knowledge in trading. and I always determine with technical analysis. but at the moment this analysis only runs 50% without news. so everything is uncertain.

buwaytress

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Activity: 2912

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Join the world-leading crypto sportsbook NOW!

Quote from: Mark_R on October 24, 2019, 11:03:45 AM

Quote from: error08 on October 23, 2019, 11:39:37 PM

Well, we have entered the bear phase as bitcoin tumbled to $7289 a few hours ago.
Have bought bitcoin to add into my wallet, but where it's headed next? $7500 seems like the new support right now. Let's see what happens in the next 24 hours, probably it will rebound to $8000.

Agree. $7500 for now seems to be a support and also a strong psychological level. Many people expect the autumn 2018 repeat (huge drop), but imo the same drop hardly will happen this time.
However, I consider $7200 and below quite possible in case of $7500 breakout. Will post some thoughts in terms of further BTC movements in some minutes here

Psychology's where my money's always at in the short term (not that I trade on it, so I don't feel bad if I turn out to be wrong). But I tend to see 7k and 8k as the more obvious demarcations, mid range is always just something to think about but now dwell on.

I don't have a strong opinion of what's October going to end. For practical purposes of end of month, I would like a dip to 7k, before a bounce back to 8k just as I sell.

That rebound needs a bigger dip first though. Not likely in the next 24 hours I feel.

Edraket31

hero member

Activity: 1190

Merit: 511

Quote from: Innocant on October 24, 2019, 01:15:55 AM

Ill think not only you are quitting job already its because of crypto doing trade all the time to earn more profit on trading. Iv'e seen some people like you to quit job because they can earn enough in doing trade but need more experience on trading it was to risky trading all the time. And 12 BTC you earn for trading that was a high amount maybe it come to years to earn on at.

Still this is possible for those who knows the potential of crypto, yes, it maybe a lot of money to everyone, especially for me, that's really a huge amount of money, but if he has been dedicated in trading, he was focus and almost everyday he's working out on it, then that is really possible as there is no impossible in trading if we just want to achieve something.

Mark_R

member

Activity: 434

Merit: 34

Looking at the broader picture of Bitcoin price movements (1d) that is worth saying that yesterdays' drop signified the confirmation of the downwards channel lasting for 4-month.

Interestingly, the drop below $7500 coincided with the daily maximum of Bakkt trading volumes.
Anyway, that is not what the post is about.

What we have currently is $7400-$8500 neutral diapason with several signoficant support & resistance lines marked as price target.

$5600 acts as a final bearish target, while $10400 is a bullish final target for now. The consolidations and retests are expected at the strong levels zone, including downwards trend lines (yellow & green) that, supposedly, will contribite signoficantly to the price dynamics.

Mark_R

member

Activity: 434

Merit: 34

Quote from: Shasha80 on October 24, 2019, 12:40:54 AM

The world of cryptocurrency is currently in poor condition, so people who are full time looking for income from cryptocurrency
will definitely get the effect of current market conditions. So the income we get is uncertain, this must be noticed. My advice for
those who still work in an office, please think if you want to quit the job doing full time in cryptocurrency. There are many difficulties
that you will face making money in the cryptocurrency world, but if your decision is unanimous, please bear it each risk. Don't regret
it later on.

Yeap. The inductry os not really mature... bears risks and at the same time so much potential

Mark_R

member

Activity: 434

Merit: 34

Quote from: error08 on October 23, 2019, 11:39:37 PM

Well, we have entered the bear phase as bitcoin tumbled to $7289 a few hours ago.
Have bought bitcoin to add into my wallet, but where it's headed next? $7500 seems like the new support right now. Let's see what happens in the next 24 hours, probably it will rebound to $8000.

Agree. $7500 for now seems to be a support and also a strong psychological level. Many people expect the autumn 2018 repeat (huge drop), but imo the same drop hardly will happen this time.
However, I consider $7200 and below quite possible in case of $7500 breakout. Will post some thoughts in terms of further BTC movements in some minutes here

Aying

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Activity: 784

Merit: 251

https://raiser.network

Quote from: Innocant on October 24, 2019, 01:15:55 AM

Ill think not only you are quitting job already its because of crypto doing trade all the time to earn more profit on trading. Iv'e seen some people like you to quit job because they can earn enough in doing trade but need more experience on trading it was to risky trading all the time. And 12 BTC you earn for trading that was a high amount maybe it come to years to earn on at.

Maybe the OP is learning trading for maybe 3 years or more. because it is so hard to risk your job on switching in to become a trader. I have my job too and I cant quite because I dont have too kuch knowledge in trading and I dont have some source of income to support it. so maybe his have business or something that support his trading. if we start trading now it very risky and for sure we have big losses if we not think it twice.

Best Dreams

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Quote from: yangongear on October 23, 2019, 09:06:00 AM

Quote from: ?? on ??

Bitcoin will be rising up soon as we are coming closer to the end of this year. However, this change can give hope to many hopeless investors, especially newcomers. Whenever bitcoin is taking rest, I do not understand why everyone starts saying that the world of digital market is about to end. Moreover, even if dips offer such volatility, any trader can make good profits out of it.

Of course not, you can see BTC price often falled down in the November yearly (according the chart). BTC weekly chart is very bad, so in my opinion the second scenario that Mark said will happen in the end of this year.

Yeah this year price graph of bitcoin seems to be rising and it is going to be pump year but it’s all just prediction of the investors so some will make right and some people will make wrong predictions but this year trading with bitcoin is going to be profitable all of us should get in trading this year, I hope with time passage market will be recovered.

Innocant

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Activity: 1414

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Ill think not only you are quitting job already its because of crypto doing trade all the time to earn more profit on trading. Iv'e seen some people like you to quit job because they can earn enough in doing trade but need more experience on trading it was to risky trading all the time. And 12 BTC you earn for trading that was a high amount maybe it come to years to earn on at.

Shasha80

sr. member

Activity: 1876

Merit: 318

The world of cryptocurrency is currently in poor condition, so people who are full time looking for income from cryptocurrency
will definitely get the effect of current market conditions. So the income we get is uncertain, this must be noticed. My advice for
those who still work in an office, please think if you want to quit the job doing full time in cryptocurrency. There are many difficulties
that you will face making money in the cryptocurrency world, but if your decision is unanimous, please bear it each risk. Don't regret
it later on.

error08

hero member

Activity: 1036

Merit: 514

Well, we have entered the bear phase as bitcoin tumbled to $7289 a few hours ago.
Have bought bitcoin to add into my wallet, but where it's headed next? $7500 seems like the new support right now. Let's see what happens in the next 24 hours, probably it will rebound to $8000.

Mark_R

member

Activity: 434

Merit: 34

Quote from: ?? on ??

Quote from: error08 on October 21, 2019, 11:37:33 AM

Quote from: Mark_R on October 21, 2019, 06:15:18 AM

Bitcoin price (1h) after moving inside the upwards range (yellow diapason) experienced the declining trend (white), breaking out the upwards zone.

The bearish rally stopped at the level of $7800 that was a significant support level for several weeks. Then the rebound followed, breaking the upper border of the falling range.
Two crossed ranges formed a neutral zone (white triangle) where the price is fluctuating currently.

The breakout of the triangle borders will mean:

1. Either bullish scenario ($8250 resistance breakout) with the further target levels inside the yellow range:
- Target 1: $8460
- Target 2: ~$9000 and upper (the upper range border)

2. Or bearish scenario: Reaching $7800 support and falling below.

Neutral scenario imply further consolidation inside the neutral zone.

Seems bitcoin trying to attain the bullish scenario, reached $8350 before the drop to $8200 again and gradually declining atm. We'll see how it come out after 24 hours, but bitcoin might stay at the neutral zone for a while rather than back to $7800 support.

Bitcoin will be rising up soon as we are coming closer to the end of this year. However, this change can give hope to many hopeless investors, especially newcomers. Whenever bitcoin is taking rest, I do not understand why everyone starts saying that the world of digital market is about to end. Moreover, even if dips offer such volatility, any trader can make good profits out of it.

The projection works.
Shorted inside the neutral triangle.
+2R gain

Mark_R

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Activity: 434

Merit: 34

Quote from: yangongear on October 22, 2019, 12:32:30 PM

Quote from: secretgirl on October 22, 2019, 06:06:54 AM

Quote from: ?? on ??

Quote from: durilup on October 21, 2019, 11:11:05 AM

You shouldn't quit your job . At least you should move on a part-time job so you can assure at least the bills . Cryptocurrencies at this moment have a big risk on trading

If someone already can made 12 BTC a month, this means his capital is already big and it's enough for financial free at every country in this world.
He must be make a "sure" investment from those 12 BTC and trade them again a half of them or more

yes, it is true that you say. when someone can get 12 btc every month. even though he does not work in a company, he may be able to make ends meet and even have a lot of residual income. indeed crypto has the potential risk, but if someone already has a good strategy and analysis, crypto trading is definitely profitable for him. I am not surprised if someone quits a company, because he is focused on earning income with cryptocurrency.

He has more than 10 years in trading, and he said 5 years in crypto trading. So we can see he doesn't trade too often, and I guess his volume is quite large, so he needs certainty for each such order. It can be called trading to live, work fewer hours a day, and spend time with himself.

Yeah, I used to reveal this info somewhere in this threaв
Here is some average numbers

upload picture

yangongear

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Activity: 447

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Quote from: ?? on ??

Bitcoin will be rising up soon as we are coming closer to the end of this year. However, this change can give hope to many hopeless investors, especially newcomers. Whenever bitcoin is taking rest, I do not understand why everyone starts saying that the world of digital market is about to end. Moreover, even if dips offer such volatility, any trader can make good profits out of it.

Of course not, you can see BTC price often falled down in the November yearly (according the chart). BTC weekly chart is very bad, so in my opinion the second scenario that Mark said will happen in the end of this year.

yangongear

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Activity: 447

Merit: 100

Quote from: secretgirl on October 22, 2019, 06:06:54 AM

Quote from: ?? on ??

Quote from: durilup on October 21, 2019, 11:11:05 AM

You shouldn't quit your job . At least you should move on a part-time job so you can assure at least the bills . Cryptocurrencies at this moment have a big risk on trading

If someone already can made 12 BTC a month, this means his capital is already big and it's enough for financial free at every country in this world.
He must be make a "sure" investment from those 12 BTC and trade them again a half of them or more

yes, it is true that you say. when someone can get 12 btc every month. even though he does not work in a company, he may be able to make ends meet and even have a lot of residual income. indeed crypto has the potential risk, but if someone already has a good strategy and analysis, crypto trading is definitely profitable for him. I am not surprised if someone quits a company, because he is focused on earning income with cryptocurrency.

He has more than 10 years in trading, and he said 5 years in crypto trading. So we can see he doesn't trade too often, and I guess his volume is quite large, so he needs certainty for each such order. It can be called trading to live, work fewer hours a day, and spend time with himself.

Topic: I quit my job to do full-time crypto-trading. Made 12 BTC profit last month - page 16. (Read 10811 times)