Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[inca]

Have you traded futures yet bja? Moves like today can make your mortgage payment for 6 months in 5 minutes.

Approx ~5%
Holy schmokes how much are you trading with?

10x 30-50 coins so the same as trading 300-500 coins. $10 moves can make $3000-$5000. Thats just one way without scalping the chop and inevitable pull backs. The key is EXTREMELY good risk management.

Or lose the same.

It is worth remembering that if you are not in the know about upcoming market movements, then you are likely to lose money trading, especially with leverage where you will likely lose everything in your account.

Edit: it is also worth considering why a lot of the vocal bears like newbie1022, matthecat etc are no longer posting with great vigour here..

[dreamspark]

Have you traded futures yet bja? Moves like today can make your mortgage payment for 6 months in 5 minutes.

Approx ~5%
Holy schmokes how much are you trading with?

10x 30-50 coins so the same as trading 300-500 coins. $10 moves can make $3000-$5000. Thats just one way without scalping the chop and inevitable pull backs. The key is EXTREMELY good risk management.

Or lose the same.

It is worth remembering that if you are not in the know about upcoming market movements, then you are likely to lose money trading, especially with leverage where you will likely lose everything in your account.

Of course hence the capitalised risk management part.
Thanks for the advice, not sure how I'd be doing without it...

[coinableS]

Have you traded futures yet bja? Moves like today can make your mortgage payment for 6 months in 5 minutes.

Approx ~5%
Holy schmokes how much are you trading with?

10x 30-50 coins so the same as trading 300-500 coins. $10 moves can make $3000-$5000. Thats just one way without scalping the chop and inevitable pull backs. The key is EXTREMELY good risk management.

Good luck to you, that's way too risky for me. I wouldn't want to risk a margin call on a stash of 30-50 coins to make a few grand.

[LFC_Bitcoin]

Where's Lamby?

[empowering]

Have you traded futures yet bja? Moves like today can make your mortgage payment for 6 months in 5 minutes.

Approx ~5%
Holy schmokes how much are you trading with?

10x 30-50 coins so the same as trading 300-500 coins. $10 moves can make $3000-$5000. Thats just one way without scalping the chop and inevitable pull backs. The key is EXTREMELY good risk management.

Good luck to you, that's way too risky for me. I wouldn't want to risk a margin call on a stash of 30-50 coins to make a few grand.

Huge amount of margin to reduce your liquidation price and therefore risk would help...  as would tight ass stops

(there is a price , whereby if you can get your liquidation cost low enough and under, then you could consider that if BTC ever goes that low, then it is likely done for anyway)

[dreamspark]

Have you traded futures yet bja? Moves like today can make your mortgage payment for 6 months in 5 minutes.

Approx ~5%
Holy schmokes how much are you trading with?

10x 30-50 coins so the same as trading 300-500 coins. $10 moves can make $3000-$5000. Thats just one way without scalping the chop and inevitable pull backs. The key is EXTREMELY good risk management.

Good luck to you, that's way too risky for me. I wouldn't want to risk a margin call on a stash of 30-50 coins to make a few grand.

The point is never getting to the point where you risk a margin call. Its just play stash anyway, losing it wouldn't see me on the streets or not eating lol.

[okthen]

Someone should call this dude:



        Super Draper

Nah he's bad luck. Last time he bought price plunged!

[inca]

Where's Lamby?

Probably bought back in. Doesn't want to harm his investment or have it pointed out that bitcoin was a lot cheaper at 160 than now.

[JimboToronto]

Where's Lamby?

Gone home?

[damiano]

I think were going to drift back down a bit

[billyjoeallen]

i think the price will stay 275-285 for few month...

NOPE

Have you traded futures yet bja? Moves like today can make your mortgage payment for 6 months in 5 minutes.

Not yet. I'm not convinced the bear market is over yet, but I did make profits (on paper) equivalent to almost six months mortgage today, but I'm letting most of it ride. Paid myself a grand and keeping the rest rolling.

[bassclef]

Have you traded futures yet bja? Moves like today can make your mortgage payment for 6 months in 5 minutes.

Approx ~5%
Holy schmokes how much are you trading with?

10x 30-50 coins so the same as trading 300-500 coins. $10 moves can make $3000-$5000. Thats just one way without scalping the chop and inevitable pull backs. The key is EXTREMELY good risk management.

I'm good with 3x at Finex. That gives you a bit of wiggle room at least for a margin call, but the cost of carry gets expensive when holding big positions (like 150btc+). It's a trade off I guess.

Like earlier this year I went long too soon and had I been 20x in futures I would have been destroyed. On 3x I put up a bit more margin and was able to weather the storm. Ended up 32 BTC ahead because the market rebounded as I knew it would (just had the timing wrong).

[macsga]

Looks like we will have a joyful week. The next support is what? $340?
Where are the trains? Anybody?

[okthen]

Looks like we will have a joyful week. The next support is what? $340?
Where are the trains? Anybody?

Not yet. I think we'll have some images of butts and dying bulls before with get the moon choochoo memes

[dreamspark]

Not yet. I'm not convinced the bear market is over yet, but I did make profits (on paper) equivalent to almost six months mortgage today, but I'm letting most of it ride. Paid myself a grand and keeping the rest rolling.

Good good. I can still see a good drop coming before a full bull market conversion myself tbh.

[ensjovis]

So far so good... So far so good... So far so good.

It's not the fall that matters, it's how you land.

[dreamspark]

Have you traded futures yet bja? Moves like today can make your mortgage payment for 6 months in 5 minutes.

Approx ~5%
Holy schmokes how much are you trading with?

10x 30-50 coins so the same as trading 300-500 coins. $10 moves can make $3000-$5000. Thats just one way without scalping the chop and inevitable pull backs. The key is EXTREMELY good risk management.

I'm good with 3x at Finex. That gives you a bit of wiggle room at least for a margin call, but the cost of carry gets expensive when holding big positions (like 150btc+). It's a trade off I guess.

Yeah I still trade Finex for long term positions just the opportunity to 10x for 15 mins for 100% p/l is something to have in the arsenal.

[Sitarow]

So far so good... So far so good... So far so good.

It's not the fall that matters, it's how you land.

Volume is strong.

[marcus_of_augustus]

sub-250 just about gone for good ... sub-270 next

[macsga]

Looks like the corrective dump is over. Someone decided that the price is too low and wants to buy about 4000 coins at once?!