[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 69 KB, 976x768, gvhbj m.jpg [View same] [iqdb] [saucenao] [google]
54803714 No.54803714 [Reply] [Original]

I shorted BTC at 30,900. When should I sell?

>> No.54803756

>>54803714
Right about now is a good time. Might or might not test 31k again before the dumpage resumes (the 1D Stoch RSI only got about halfway up) but do you want to take the chance it will? The difference between selling now and at 31k is miniscule. Better than hoddeling to 24-20k or possibly lower.

>> No.54803772
File: 12 KB, 277x184, red cow.jpg [View same] [iqdb] [saucenao] [google]
54803772

>>54803714
MoooOooooOoooOoooOoo

>> No.54803779

>>54803756
In other words - it may or may not go higher or lower in any chosen timeframe

>> No.54803782

>>54803756
Eh, I said I shorted - I’m betting the price will go down. I want BTC to go to 20k.

>> No.54803785

I would take profit right now if I were you.

>> No.54803789

>>54803714
26.4

>> No.54803881

>>54803789
Why 26.4 in particular

I was thinking either 25k or 20k - I do think we will retest 20k in the next few months.

>> No.54803977

>>54803779
No. This pump which began at 27k, when the 1D Stoch RSI was bottomed, might continue to when the 1D is topped which might take BTC to ~31k, but if that happens that makes no difference as BTC will dump a lot more than that pump (27k to 31k), which you can see on the 1W Stoch RSI. And then later when the 1W is bottomed or near the bottom and it begins rising, then BTC will pump a lot more than it dumped (during the fall of the 1W from its top to its bottom) as the 1M is far from topped.

But considering the 1W has only just begun falling, and also considering the 1D only reached 90 last time, it's unlikely the 1D will top out. So while it has only gone halfway up it may very well not go any higher -- it might simply fall from where it is now. That's the point I was making. Hence why I asked OP if he wants to take the chance it will pump just a bit more to get slightly more profit when selling, as there's a high probability it won't pump more, and also if the 1D rises further that doesn't mean it will top out, it could turn over at 90 or 80 or 70 or 60 -- due to the 1W being like it is.

>>54803782
What do you mean? You asked when to sell. So I said right about now is a good time.

>> No.54804003

>>54803714
Ever heard of the 3400CME gap?

>> No.54804034

>>54803977
checked, when should I buy?

>> No.54804048

>>54803977
>OP if he wants to take the chance it will pump just a bit more to get slightly more profit when selling
Do you not understand how a short works?

>> No.54804067

>>54804048
He probably assumed you closed your short near 27k and you're now looking to secure your profits wondering at which price you should do so at.

>> No.54804393
File: 6 KB, 666x666, 1658052918070150.png [View same] [iqdb] [saucenao] [google]
54804393

>>54803714
Now.

>> No.54804576

>>54803714
Whenever you want kek, if you're on futures you're probably gonna get liquidated anyways, I stopped trading cuz I'm retarded, I'm just waiting for Rebase to end the beta and go fully live

>> No.54804671

They just halted a bank stock and you’re asking if you should close your short you fucking idiot

>> No.54804686

>>54803881
To front run 25k and front run people front running 25k

>> No.54804880

>>54804576
Fucking kek, everyone gets liquidated everytime

>> No.54804890
File: 13 KB, 771x929, 1618957139457.png [View same] [iqdb] [saucenao] [google]
54804890

>>54804576
Not like I give a damn

>> No.54804898

>>54804576
Your pokemon go ripoff will be as shit as you Sanjeet