My btc and eth general trading stradegy best so far

Bushdark

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Quote from: Waldorf77 on December 03, 2023, 07:59:21 AM

I dont over complicate i use simple limit buy orders for eth and btc i know they not going very low but just in case i have all kind of buy orders placed. On Spot Market no fomo fud problems i sleep well.
For btc limit buy orders: btc buy limit orders: 30k 26k 25k 24k 22k 21k 20k 17k 15k 10k 8k 7k 6k 5k 4k 3k 2k 1k then Even just in case smaller orders 500 350 120 50

And in case of flash crash Im prepared.

How on Earth do you think Bitcoin could go below $30k? This is not possible and I don't think you need to add that to your buy limit.
There is no need of you wasting the time thinking Bitcoin will crash ones again like many speculated some months ago.
We need to be prepared for the bull market because Bitcoin ETF would soon be approved soon which will lead to a big movement and liquidity in the market. Something big so coming and that's what I care about only.

Volimack

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Bitcoin investment is good all the investors say that the market is going positive the price of bitcoin has increased it will be easy to get the information by following the trading charts. There are many differences between bitcoin and other currencies. Bitcoin is a strong currency and every investor knows that the value of this currency will increase exponentially. That is why Bitcoin will reach a strong state if you proceed with confidence in investing.

the rise

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I think you are quite critical of thinking that bitcoin will go to 1k, isn't that the same as bitcoin will end? I understand that anything in the crypto world can happen. but to fall even more than one hundred percent is very unnatural for a bitcoin class that has survived for a very long time and has become an iconic crypto itself. I will put strong support at 25k. I think it's strong enough here but I won't spend it all to buy Bitcoin. Let's take other coins to buy too.

borovichok

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Quote from: kojektea on January 04, 2024, 04:34:33 AM

will bitcoin reach 1k? I know it's possible for ethereum but if it happens to bitcoin I'm not sure because if it happens to bitcoin it could even eliminate people's entire trust in bitcoin. I believe this year is a year of positive trends like what is being talked about about halving. I just believe this year just having a slight correction bitcoin is more believable. maybe getting to 25k is the strongest support if the positive trend continues this year.

I'm more supportive to my friend regarding their trading charts and altcoins bagged. This is the trend year, any trend will generate huge amounts for us, just grab the golden entries and understand how the market operates, when to buy in stocks and when to triggered sell option. The resistant and support level have been clearly spotted out, using that particular trading strategy will do great aides for everyone in the market. Bitcoin have smashed $45k price level this new season and that probes good news for bitcoin holders, they become confident of the market and and steady milking with non-stopping.

kojektea

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will bitcoin reach 1k? I know it's possible for ethereum but if it happens to bitcoin I'm not sure because if it happens to bitcoin it could even eliminate people's entire trust in bitcoin. I believe this year is a year of positive trends like what is being talked about about halving. I just believe this year just having a slight correction bitcoin is more believable. maybe getting to 25k is the strongest support if the positive trend continues this year.

GreatArkansas

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Quote from: Waldorf77 on December 03, 2023, 07:59:21 AM

(....)
And in case of flash crash Im prepared.

Do you have any plans about setting some stop losses @OP?
I'm just curious how you will handle the dumps, it seems difficult for you just to buy every dip forever. Do you have any plans about cutting losses here just incase the price target will not be achieve first or your analysis will go in the opposite side?

alankasman

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Quote from: Questat on January 02, 2024, 05:57:04 AM

Quote from: alankasman on December 31, 2023, 01:29:06 PM

Don't save too much money on the exchange to place an order at a price of 30k - 26k. If this set takes too long, you could lose your money.
I'm afraid it will happen to me.

No, you're not as long as you use a reputable exchange. In fact, I did this several times and I know it wasn't because I was lucky and not lost my money but because I'd kept my funds in the right exchange.

~snip~

Binance is my guess for a reputable exchange that you can trade with sufficient funds for your needs. I have no doubts about binance regarding their reputation compared to other exchanges. I hesitate to save large amounts of funds with them unless the amount is sufficient to prepare to buy when coin prices are cheap in my opinion while in front of the computer.
You and I may think differently on this issue and I don't want to blame people for storing funds on an exchange even though the exchange is Binance.

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Quote from: Waldorf77 on December 03, 2023, 07:59:21 AM

...On Spot Market no fomo fud problems i sleep well...

But in any case, you will need a lot of money to place limit orders to buy at the prices you specify, thereby freezing deposit for purchases at more realistic prices. I still have one question for you - why didn't you set a limit order to buy BTC at the price of $1?

Questat

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Quote from: alankasman on December 31, 2023, 01:29:06 PM

Don't save too much money on the exchange to place an order at a price of 30k - 26k. If this set takes too long, you could lose your money.
I'm afraid it will happen to me.

No, you're not as long as you use a reputable exchange. In fact, I did this several times and I know it wasn't because I was lucky and not lost my money but because I'd kept my funds in the right exchange.

Set Limit - is a good strategy. But I don't prefer placing my order for a long time, I'd rather cancel my order and set it for another price instead of waiting for it. This is hard for those traders who have limited time on the computer and sometimes could be pressure on them. It is very important we know how to manage our time as this has a huge impact on our trades.

FanEagle

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Usually this happens at decentralized exchanges. In some of the DeFi platforms, there are bots that are trying to take advantage of situations like this as well. I understand why that may sound like a trouble and I understand that it may feel like there is a big deal, but at the same time it doesn't mean that we are going to end up with a big trouble neither, we just need to end up with a hard working solution and if we can make it work, then we are going to be on the right.

DeFi is a tough platform, the volatility is higher, liquidity is lower in many of them, and that means with a very small amount, one side could get a lot higher or lower, and you could arbitrage your way into it and could do a lot better in the end thanks to that.

alankasman

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The position is experiencing an increase and it is still possible to increase again from the current price. Waiting for the price to drop to 30k 26k 25k to buy, you will miss buying at the current price when the price is 50k.
Your money will be stuck on the exchange because your order price settings will be further away and you will have to wait longer if the Bitcoin price prediction will increase further in 2024.

Don't save too much money on the exchange to place an order at a price of 30k - 26k. If this set takes too long, you could lose your money.
I'm afraid it will happen to me.

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Quote from: Waldorf77 on December 03, 2023, 07:59:21 AM

I dont over complicate i use simple limit buy orders for eth and btc i know they not going very low but just in case i have all kind of buy orders placed. On Spot Market no fomo fud problems i sleep well.
For btc limit buy orders: btc buy limit orders: 30k 26k 25k 24k 22k 21k 20k 17k 15k 10k 8k 7k 6k 5k 4k 3k 2k 1k then Even just in case smaller orders 500 350 120 50

And in case of flash crash Im prepared.

Thats a good buy order or dca noticed that the price is decreasing means you are aiming to buy at low. I think with this set you could average your balance in a good way in case theres a sudden market crash. Anyway its gonna be hard to predict the bottom or market downfall a dca is good but if you could lower the gap may also give you advantage cause sometimes its noticrable if the down movement will continue or not. Maybe you are a busy person to monitor that.

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You can do this if you want. There is no risk. It’s very rare to capture a flash crash all the way down to $1K. However I happened before on illiquid exchange and pairs.

The issue here is you will need to provide capital to keep those orders in the book. You will need actual fiat on the exchange when you set the order at $1000 and you won’t be able to withdraw it because it needs to stay on the exchange if you want the order to be active.

Husires

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We are in an upward trend, so placing limit buy orders at these prices is appropriate in a bearish market in which the price is expected to break a support level, not a resistance level, and you do not place them at the appropriate resistance levels.
To reach the price of 30k, you need either to be very, very, very lucky and there to be a sharp and sudden decline in liquidity, or for there to be negative news that breaks the 42k to 38k to 32k, and then 30k is the only that will be implemented.

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Quote from: Waldorf77 on December 03, 2023, 07:59:21 AM

For btc limit buy orders: btc buy limit orders: 30k 26k 25k 24k 22k 21k 20k 17k 15k 10k 8k 7k 6k 5k 4k 3k 2k 1k then Even just in case smaller orders 500 350 120 50

This buy order will be filled automatically when the Bitcoin price decreases from the current price. My mind asks, can you wait until the price drops to the limit you mentioned? How confident are you of a decline?

Everything is your decision, but in my opinion you should not set the buy price order at a price below 30K. If you want to buy, why not consistently use the DCA method which is familiar among investors.
For me, applying DCA is a form of precaution so as not to continue falling asleep so that the dream goes too far.
Okay. Up to you. Good luck.

bocyaj

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Quote from: Waldorf77 on December 03, 2023, 07:59:21 AM

I dont over complicate i use simple limit buy orders for eth and btc i know they not going very low but just in case i have all kind of buy orders placed. On Spot Market no fomo fud problems i sleep well.
For btc limit buy orders: btc buy limit orders: 30k 26k 25k 24k 22k 21k 20k 17k 15k 10k 8k 7k 6k 5k 4k 3k 2k 1k then Even just in case smaller orders 500 350 120 50

And in case of flash crash Im prepared.

This two coins was the trusted one for the longer period,So the most experienced people will hold their savings in this coin.If the new people want to inverse your money in this coin,it will be the better option for their future.Because as you analysis the price of bitcoin was increased from the previous price over a year.In 2023,the price of the bitcoin was associated with the 30k mark and many times was oscillating under the 30k dollar.Now it was increased above the margin of 40k dollars and many expectations was above 50k in upcoming months.

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That sounds like a solid strategy for BTC and ETH trading! Keeping it simple with limit buy orders can indeed be effective, and it's smart to cover a wide range just in case. Peace of mind while trading is priceless. 😌

The solid coin in the crypto market over a decade was bitcoin and Ethereum build his own world by the assuming themselves for the transaction fee,this made the Ethereum demand equal to the bitcoin over the huge years and both of the coins won millions of people hearts in the recent years.

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Quote from: Waldorf77 on December 03, 2023, 07:59:21 AM

For btc limit buy orders: btc buy limit orders: 30k 26k 25k 24k 22k 21k 20k 17k 15k 10k 8k 7k 6k 5k 4k 3k 2k 1k then Even just in case smaller orders 500 350 120 50

What is this you are talking about?

First, you didn't explain your strategy well (that's if you have any strategy at all). Secondly, you didn't tell us the name of the strategy if peradventure someone could get it online and learn more about it if it's worth using.

Conclusively based on my trading experience, you have no strategy at all, you are just gambling. This is one of the ways people gamble in the market and would think they are trading. The psychological number trading is as good as regular lines, though in crypto it could be worth it at times when the market is very sluggish. Regardless, it can never exonerate the fact that the trader is gambling as there are no good factors to back the trading style up.

What if the market is so active enough, will you still use it? Imagine you used this strategy for Bitcoin when it was at $44,000, by now you would have lost money. It's just a style I will never advise anyone to use.

Danydee72

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Quote from: Waldorf77 on December 03, 2023, 07:59:21 AM

For btc limit buy orders: btc buy limit orders: 30k 26k 25k 24k 22k 21k 20k 17k 15k 10k 8k 7k 6k 5k 4k 3k 2k 1k then Even just in case smaller orders 500 350 120 50

Sleeping well is nice. But most of your money do not work for you. So I think it's not a good idea to put money somewhere doing nothing. Why not just set one or two limit orders in case btc price goes south? It's called DCA. I wouldn't do that before market moves.

boyptc

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That's to simplify things but are you going to do that every time that you're in front of your computer or you bring your phone with you all of the time?

But that's a good strategy for buying orders and that's what others need to understand what it means to buy at low and not to miss any single opportunity when they knock.

However, that's why I've come to ask that question, because most exchanges allows you to put order and limit only once for each crypto.

Johnyz

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Is the exchanges will allow you to have multiple open orders? Haven’t tried this one and maybe its a good idea if you have extra funds most of the time to close that order and of course if you’re too busy to trade and monitor the market, this can be a big help.

Bitcoin is rising that much again, lucky to those who bought at a cheaper price and did a great strategy especially with DCA. Its not too late yet, we still have time to buy Bitcoin and set your buying price realistically so you will not miss this opportunity again.

goaldigger

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This could be the safest way to trade and deal with the market. We know how stressful the market is over the past months and now we are gaining much attention because of the bullish trend with crypto market. As long as you have this strategy that you believe will work for you then so be it, beside we all have our own trading strategy and what works for you might not work for us. Having a peace of mind is very important in trading, set your price within the limit and stay focus.

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If the flash market crash prepares there's no way you're going to achieve anything with the buy order limit you set for Bitcoin if we're talking about 8months ago I would say there's a chance for the flash dump to meet your request but now that investors are the greed of getting more BTC before next year no. I will advise you to change it to a possible 40K now that we're within the range of 43 - 44K price.

Quote from: LoyceV on December 06, 2023, 04:33:35 AM

It could be. If the bad guys were in charge of Sinbad, that explains why they were quickly trusted enough to send them millions of dollars worth of Bitcoin. Pretty much anything can be used for good or evil, but starting a business for evil is very different than a legitimate business being abused.
[/quote]
Agreed but is it hard for the authorities to know those in charge just like they did with some mixer that was shut down?

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Well, although there's nothing wrong with setting a buy limit setup, I think you're exaggerating too much. I don't think $20000 is nearly impossible for bitcoin to go down anyway; it's your own trading strategy, but why don't you set a buy limit on small margins? Because what you've provided has a big gap or margin with the current price of bitcoin now at $42k, you could simply put a buy limit at $41k or between $42k, which is the current price, and $40k. It's sure that you will soon have a live trade or buy limit being active, because if you wait based on the range you've given, it will take some time, and you will also miss the opportunity now. Anyway, this is just a mere advise; it's still your own decision on how you execute your trade. As long as you are earning, then it's fine.

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Quote from: Waldorf77 on December 03, 2023, 09:10:28 AM

Based on call /put orders 40 -42k max In this time.
Some bigger correction will be happening soon it's now best to short.
But i have all kind of orders just in case to get btc with best price so i sleep well.

The price of $42k must have been reached today, and for some corrections that will occur you have a position that is too low if you look at how the price of Bitcoin is at the moment.

Now $37,900-36,600 is a pretty strong support, to get under $30k is certainly still quite difficult,
unless there is a big FUD that hits Bitcoin.

But we will see how Spot ETFs are received, it will be a strong bullish starter and could even break through the $50k price.
At the moment the market is indeed high and there will be some corrections, but not as far as you think, and you should place orders above the nearest support.

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Quote from: Oshosondy on December 03, 2023, 08:07:35 AM

Quote from: Waldorf77 on December 03, 2023, 07:59:21 AM

For btc limit buy orders: btc buy limit orders: 30k 26k 25k 24k 22k 21k 20k 17k 15k 10k 8k 7k 6k 5k 4k 3k 2k 1k then Even just in case smaller orders 500 350 120 50

You set a limit buy order for bitcoin at less than $20000? Don't you know no order will be filled at those prices less than $20000. It may also not be possible for your order to fill at $30000 because bitcoin price is having more probability to go higher than going down because of the bitcoin spot ETF that United States SEC is about to approve in coming month if not this month.

Based on call /put orders 40 -42k max In this time.
Some bigger correction will be happening soon it's now best to short.
But i have all kind of orders just in case to get btc with best price so i sleep well.

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Quote from: mk4 on December 03, 2023, 08:17:45 AM

To be fair — it could be possible if the exchange's BTC trading pair(mostly the smaller ones) is very illiquid and then someone dumps a huge amount in one go. This has happened a few times in the past already though I don't have links to show. But yea, highly more unlikely to happen these days.

This may be possible on small exchanges. I use big exchanges like Binance, OKX, Bybit, MEXC and other big ones. What I noticed on big exchanges sometimes but which is not occuring to bitcoin like before is the price iyf bitcoin to increase or decrease significant like you said, but not on spot market but on derivative market. This may still be common to some altcoins but not bitcoin. Market will become more volatile again, I will see if this will happen again.

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Quote from: Oshosondy on December 03, 2023, 08:07:35 AM

You set a limit buy order for bitcoin at less than $20000? Don't you know no order will be filled at those prices less than $20000. It may also not be possible for your order to fill at $30000 because bitcoin price is having more probability to go higher than going down because of the bitcoin spot ETF that United States SEC is about to approve in coming month if not this month.

To be fair — it could be possible if the exchange's BTC trading pair(mostly the smaller ones) is very illiquid and then someone dumps a huge amount in one go. This has happened a few times in the past already though I don't have links to show. But yea, highly more unlikely to happen these days.

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Quote from: Waldorf77 on December 03, 2023, 07:59:21 AM

For btc limit buy orders: btc buy limit orders: 30k 26k 25k 24k 22k 21k 20k 17k 15k 10k 8k 7k 6k 5k 4k 3k 2k 1k then Even just in case smaller orders 500 350 120 50

You set a limit buy order for bitcoin at less than $20000? Don't you know no order will be filled at those prices less than $20000. It may also not be possible for your order to fill at $30000 because bitcoin price is having more probability to go higher than going down because of the bitcoin spot ETF that United States SEC is about to approve in coming month if not this month.

Waldorf77

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I dont over complicate i use simple limit buy orders for eth and btc i know they not going very low but just in case i have all kind of buy orders placed. On Spot Market no fomo fud problems i sleep well.
For btc limit buy orders: btc buy limit orders: 30k 26k 25k 24k 22k 21k 20k 17k 15k 10k 8k 7k 6k 5k 4k 3k 2k 1k then Even just in case smaller orders 500 350 120 50

And in case of flash crash Im prepared.

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