Am I the only one who made money through the last down turn?
Just like that my last idea called for a solid weekly close would lead to more upside and we got a massive push all the way to 8k.
I saw some calls that were accurate after we turned down. But was I the only one on this site that actually had a structure in place for the last downturn to make money before it happened? I outlined my strategy back in NOVEMBER detailing exactly what i was going to weather a potential downturn. I detailed my entry down at $3,300 and detailed the area I outlined was a hodl zone.
Maybe I need to post some rockets on my chart and that will get me more attention. and some big bitcoin "B's" to draw more attention to myself.
While you all get caught up in the hype of people's ideas, I am going to buy some lambo's.
Stop moved to just under $7,000. We are fully in profit. We booked 50% of profits at 6,400 area and the rest we are targetting 10k. This weekly chart is still very bullish. MACD is turning positive, solid weekly close. We will continue to push higher. What I would expect to happen as we get into this BTC 8k-10k range is people to start shifting profits from BTC into smaller alts and major alts which will cause them to rally more than BTC and BTC dominance drops. This could also result in a slow climb from the 8k area to the 10k area.
Happy Trading and hodling folks. It's not about how much you make when trading it's about how much you don't lose.
-Sherem
I saw some calls that were accurate after we turned down. But was I the only one on this site that actually had a structure in place for the last downturn to make money before it happened? I outlined my strategy back in NOVEMBER detailing exactly what i was going to weather a potential downturn. I detailed my entry down at $3,300 and detailed the area I outlined was a hodl zone.
Maybe I need to post some rockets on my chart and that will get me more attention. and some big bitcoin "B's" to draw more attention to myself.
While you all get caught up in the hype of people's ideas, I am going to buy some lambo's.
Stop moved to just under $7,000. We are fully in profit. We booked 50% of profits at 6,400 area and the rest we are targetting 10k. This weekly chart is still very bullish. MACD is turning positive, solid weekly close. We will continue to push higher. What I would expect to happen as we get into this BTC 8k-10k range is people to start shifting profits from BTC into smaller alts and major alts which will cause them to rally more than BTC and BTC dominance drops. This could also result in a slow climb from the 8k area to the 10k area.
Happy Trading and hodling folks. It's not about how much you make when trading it's about how much you don't lose.
-Sherem
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Where I outlined in the HODL zone in NOVEMBER OF 2018!!
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Identifying the ascending triangle:
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the channel:
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THE BREAK:
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For new entries you need to think about what is your risk and how do you play it. BTC could pull all the way back to 5k before going up again. So here are 2 ways to play it for new entries.
A. Buy soon with 33% of your BTC Sleeve you have allocated for BTC trading. (maybe even try to time it a bit at 7.3k, hard to say exactly) This will allow you to mitigate risk and not miss an potential move. But be prepared to buy at 6k with 33% and 5k with 33% and hold for a move up.
B. Try to buy on a minor dip in the 7200 area with a stop below 7k for a move up.
That's how I would play new entries at this point, but the choice is yours whether you do either of those or not! Good luck
A. Buy soon with 33% of your BTC Sleeve you have allocated for BTC trading. (maybe even try to time it a bit at 7.3k, hard to say exactly) This will allow you to mitigate risk and not miss an potential move. But be prepared to buy at 6k with 33% and 5k with 33% and hold for a move up.
B. Try to buy on a minor dip in the 7200 area with a stop below 7k for a move up.
That's how I would play new entries at this point, but the choice is yours whether you do either of those or not! Good luck
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An interesting development here. If you bought in, I doubt you had time to put a stop on since the market moved so quickly. If this area holds it should prove to be a good entry point. i trailed my stop up and got stopped out around 7500. Got back in again around 7200, stop below 7k again at 6800.
we are in good position after all of those gains. Good luck everyone.
we are in good position after all of those gains. Good luck everyone.
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This spot is working well for our buy. Continuing to hold.
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update:
