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/biz/ - Business & Finance

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9052856 No.9052856 [Reply] [Original]

Bears and bulls are both powering up to ridiculous levels. Next breakout in either direction will be extremely violet. Tread carefully, Anons.

>> No.9052884

green + red = violet

>> No.9052906

>150mil between a 5% price change
wtf? which exchange has that much volume?

>> No.9052909

considering closing my short at 30% loss right now to sit on the sidelines for a while.

Conflicted as i believe it will retrace at least to low 8k once if not a large dump but paranoid that it'll blast right up to 10k for no real reason. there's also the typical mind game at play where I know that as soon as I close the position it'll go in the direction i wanted it to go in the first place.

>> No.9052943

>>9052909
Explain real reasons to me please

>> No.9052982

>>9052906
Bitmex. It has the most volume by far and dictates the price of BTC.

>> No.9052990

>>9052909
Same here, I'm shorting since 6900...
I have stops in the 9k-9.2k range.

>> No.9053019
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9053019

>fake orders are "building up"

>> No.9053042

I already pulled out. The big resistance sits @9030 so I logged in a 10x long @9050 and put stoplosses on my alts. Now I'm just sitting here waiting.

>> No.9053057

>>9053042
just logged a 10x short@9k

>> No.9053074
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9053074

>>9053057
>shorting a breakout

>> No.9053099 [DELETED] 
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9053099

>>9053074
>we ze smart moneh
>market has gon down 80%
>letz short with 100x leverage

>> No.9053101
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9053101

I'm 45% down on my fucking short but I refuse to close it. BTC has to come down now. It just has to.

>> No.9053115

>>9052909
9k is strong resistance. I'm not sure if it'll break anon.

>> No.9053131

>>9052990
I'm at 6700 after averaging up from 8.3k. liquidation at 9.48k or something.

>>9052943
I think the market is going sideways between 10-7k for about the same amount of time as it was decreasing from Jan-April, I think it's going to touch 7k again but another dildo pump to hunt shorts will fuck me.

I imagine it'll go to about 9.7k and then dump back to 8 over a few days

>> No.9053156

>>9053115
I think so too I just hope we're right. I actually timed the buy at the bottom perfectly and thought i'd timed the short too at like 8.3k but oh well.

>>9053101
Even if this is THE bull move everyone wants it to be which i don't think it is it'll have to come down more than a few hundred dollars surely. Thankfully I'm only tied up with 300 dollars in my position which isn't a significant amount of my capital but i'll be annoyed to be liquidated never the less.

>> No.9053212

>>9053101
You seriously need to work on your loss management, Anon. Being 45% down on any trade is not acceptable, neither is the attitude that things have to happen.
>>9053156
I think we're going to see another green dildo before the correction and I don't see us dropping below the 200 EMA anytime soon. But that's just my opinion.

>> No.9053219

>>9053156
>timed the buy at the bottom perfectly and thought i'd timed the short too
that´s why trading is bullshit, it´s all luck in the end, what´s the point in timing things right just to get fucked in your next bets and lose all your work ?

>> No.9053260

>>9053219
It's annoying but i made enough on the way up to cover the loss even if i'm entirely liquidated I just got greedy.

>>9053212
Hopefully it'll stay below my liquidation though i doubt it with how violent the pumps have been