/biz/ - Business & Finance

>elliot waves
>LTC
what year is it?

>>58423246
Congrats
How low will the abc correction go now?

>>58423325
It appears done and nobody knows what is happening and btc move will decide, max it would do is end of blue fibonacci region

>>58423299
Made more money than trading meme coins

congrats desu, what resources did you use to learn and how long did you study?

>>58423361
Just investopedia and few youtube videos on Eliot waves, support and divergence. Those are quick to get hang of, like three days, what is important is managing fear and greed and sticking to strategy layed out before the trade happens. That only comes with practicing and not betting entire portfolio and learn how to put stop loss away from fake outs, and trade only when you have an idea what is going on

>>58423392
You are absolutely right. Are you into isolated or cross? How do you manage your risk in future?

>>58423352
>Made more money than trading meme coins

I don't even get close to shit like this for now. If I have more funds to spare, I'd go with utility token; maybe consider Dua or NXRA.

>>58423392
i feel like i am just understanding bolinger bands so its nice to see someone grasp another concept, ima look into eli's waves

I feel like TA works especially well in crypto because it's a self fulfilling prophecy. So many people (and algos) are charting just like you that the patterns almost create themselves

You can even see some of these patterns in super lowcap memecoins on sol/base, it's crazy.

>>58423246
Absolute Boomer trade, but profit is profit

>>58423352
You just say that to maxcope the fact that you don't know how to shitcoin. That's okay, it's not for everyone. All boomers know is either link or LTC and rampant inflation getting worse as we speak. Shit's so bad we get less paying more like tf

You just say that to maxcope the fact that you don't know how to shitcoin. That's okay, it's not for everyone. All boomers know is either link or LTC and rampant inflation getting worse as we speak. Shit's so bad we get less paying more like tf is with meat getting smaller but heavier? Truflation posted shit like this for so long and jannies filtered it. (((they))) know more than you

it's called luck buddy. don't get cocky and get liquidated like a moron, please.

>>58423246
good trade, wrong coin
still a decent gain

It's funny to see everybody running like headless chickens now that halving is here and done. Proves that nobody here cant predict shit

>>58424368
talk for yourself. unironically, lurk moar faggot halving happened and there are just like 3 retards going redpost asking why in hell it dumped as if it wasn't painfully obvious

>>58423392
its scary how easy crypto is when given the right study materials and not some just binance academy and wikipedia articles

>>58424358
luck has nothing to do, anything can be predicted under the right mathematical model. Like the dude in that movie with the drunkards.

>>58424346
with the amount of shit truflation pulls I'm surprised they haven't been shut off by the CIA

they literally use information that's free on google.

>>58424380
its literally CPI bruh nothing else

>>58423406
Isolated, my first trade was yolo and got liquidated, that prompted me to not risk it all.

Part of risk management is choosing LTC, it literally cannot go below $69.69, so I just need to margin above that to not get liquidated.

Because the bottom is almost a sure thing, in case of break downs I can martingale each 5 lost points, ie drops 5$, buy 20%, drops another 5$, buy 40$ of portfolio

>>58424346
I tried to shitcoin since 2016 and mentality that gets you gainz also gets you liquidated

>>58424891
okay. just refrain from future trading and find a good stance with spot. there are many promising alts to hold like dua, fet, aioz, nxra and many more.

>>58424905
My spot is btc and ltc, if you look at every metric of those two, they are the most undervalued with lowest risk

>>58423246
IF YOU WANT TO MAKE IT AS A TRADOOR
YOU HAVE TO GET SOME BAGS OF MUMU
AND YOU HAVE TO DO IT
NAO

>>58424891
>Part of risk management is choosing LTC, it literally cannot go below $69.69
why not

>>58423246
out of curiosity, can you show longer trade history. say last 20 trades?

>>58426958
It's trending up support line is more than 8 years old and to break it now during bull run is almost zero

>>58426959
Started futures when LTC fell trying to catch bottom and blew 100LTC, then deposited 55 and now I got those 155 back after week of careful trading

hard part is doing the same again and again

>>58427051
thats very interesting. do you set stop losses or take profits at all? I see that there is discrepancy between close prices. I assume, you have to sleep at some point and you do not stay up during the whole duration of the trade.

Also, which wave did you find best to enter at, what are your confirmations?

>>58428952
I can check the graph while I'm working, and usually set stop loss if pattern is obvious and breaking it would mean wild waters, or if BTC jumps around too much I don't do stop loss and instead try to do martingale, ie when LTC drops on BTC move, I buy double the size of previous bet.

Since we are in bull market, stonks go up and it's relatively sure thing that LTC will recover from the dip.

If not, of course I would get fucked, but I own like 2300 LTC on spot and gamble with 200 on coinm Futures

>>58424891
>Part of risk management is choosing LTC, it literally cannot go below $69.69

oh you sweet summer child of course it can go there.

you are only one (1) black swan scam wick away from liquidation.

>>58429380
I am, not gonna go all in with rest of my 2300 LTCs, just a gamble on the side, also if history repeats, after retest of MA(99) we can start LTC bull run

>>58429407
Current situation for illustration purposes only

>>58429413
After retest of this cup and handle, I would suggest we are going towards 90-95$

>>58431054
cup and handle target is usualy depth from the cup extended to the handle, don't miss the moonshot lads

Since this seems genuine thread, I'll ask here.
I'm new to crypto and trading in the first place. What I want to basically ask with my chart history image is that, if I buy at the end of white lines and sell at peak of purple lines, I make definite daytrading profits? Even with ByBit's or any platform's transaction fees taken into account?
This week I found about a site for 'strategy calculating' https://www.winrate.io/ but something it doesn't do is, do I have to manually always calculate in my actual stock/coin when the 2% increase has happened? Is there a formula or site to calculate 2% increase on the spot basically from buying moment?
Holding a stock/coin is one way to make profit but isn't it this stable constant trading no matter how small profit, the way to accumulate initial wealth which I desperately need.

>>58432990
This board is dead, literally - everyone who was here has gone to /bant/ I'd suggest asking there

>>58432990
yeha bro just paint some lines and then free money never have to work again

>>58423246
yup