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

[shmadz]

What am I supposed to do?? Enter 20x leverage right here or wait for a dip??

Fucking christ

I can't tell you what to do, but I can share my experience. Hope it helps.  

I tried playing with leverage a while back, the spread sucked though so as soon as you open your position you're in the hole. As long as the market moves in your direction, you're fine. But (I'm my case at least) it only has to move against you once to wipe out the profits from several winning bets.

Proceed with caution.

[1715411583]

1715411583

[keithers]

Shorts getting slaughtered.   

I wouldn't say slaughtered... We haven't moved all that far yet.. Only a few percent

[BlindMayorBitcorn]

Granted this is my first year, but isn't Bitcoin crashing the wrong way?

[dEBRUYNE]

What am I supposed to do?? Enter 20x leverage right here or wait for a dip??

Fucking christ

20x leverage is just madness, seriously. A 5% drop of your buy-in price will get you margin called and since bitcoin is very volatile it´s pretty easy to meet that target.

[podyx]

Thanks for all the answers, I'm keeping my profits in btc so I guess i'll be on the sides for a bit more and try to catch a dip.
I'm only doing it with 2-3 btc though so it's not like i'm all in leverage

As to why I do 20x, that's because I got to make playz
Probably doing 2 btc 20x, 1 btc 10x.

[shmadz]

Thanks for all the answers, I'm keeping my profits in btc so I guess i'll be on the sides for a bit more and try to catch a dip.
I'm only doing it with 2-3 btc though so it's not like i'm all in leverage

As to why I do 20x, that's because I got to make playz
Probably doing 2 btc 20x, 1 btc 10x.

If you want to go long, I don't think now is the time. I'd even consider shorting right now if I was still playing. 366 right now on stamp, I think support is still around 350.

I'm usually wrong about these things, it's why I don't actively trade any more.

Edit - actually, I'd short the whole thing right now full leverage just to troll shroomsy, lol

[grappa_barricata]

beware, this may be the top for a while... too risky going long now imo

[prophetx]

Thanks for all the answers, I'm keeping my profits in btc so I guess i'll be on the sides for a bit more and try to catch a dip.
I'm only doing it with 2-3 btc though so it's not like i'm all in leverage

As to why I do 20x, that's because I got to make playz
Probably doing 2 btc 20x, 1 btc 10x.

IF you can catch a falling knife, then all the power to you.  

Some people are great at calling tops, others calling bottoms, and some have no luck at all.  How lucky do you feel today?

[criptix]

Thanks for all the answers, I'm keeping my profits in btc so I guess i'll be on the sides for a bit more and try to catch a dip.
I'm only doing it with 2-3 btc though so it's not like i'm all in leverage

As to why I do 20x, that's because I got to make playz
Probably doing 2 btc 20x, 1 btc 10x.

If you want to go long, I don't think now is the time. I'd even consider shorting right now of I was still playing. 366 right now on stamp, I think support is still around 350.

I'm usually wrong about these things, it's why I don't actively trade any more.

doesnt that mean hes doing the exact right thing now?  

btw. im thinking of leveraging too, but i will wait the next 3 days out or until we bump through 400

[prophetx]

beware, this may be the top for a while... too risky going long now imo

not yet me thinks it has ways to go

[hyphymikey]

This suckers rally is going way higher than I thought it would. I think I'm going to short here... not crazy leverage like 20x though, that's way to risky.

[oda.krell]

What am I supposed to do?? Enter 20x leverage right here or wait for a dip??

Fucking christ

Not to be a dick or anything, but... if the question stresses you out like that, the answer is almost certainly "do not enter a factor 20 leveraged trade" (edit: completely independent of the direction of the trade)

[prophetx]

This suckers rally is going way higher than I thought it would. I think I'm going to short here... not crazy leverage like 20x though, that's way to risky.

you have to remember that bitcoin has a lot of novice traders and so the dips and rallies are exaggerated. 

[shmadz]

What am I supposed to do?? Enter 20x leverage right here or wait for a dip??

Fucking christ

Not to be a dick or anything, but... if the question stresses you out like that, the answer is almost certainly "do not enter a factor 20 leveraged trade" (edit: completely independent of the direction of the trade)

Buzzkill. 

[prophetx]

What am I supposed to do?? Enter 20x leverage right here or wait for a dip??

Fucking christ

Not to be a dick or anything, but... if the question stresses you out like that, the answer is almost certainly "do not enter a factor 20 leveraged trade" (edit: completely independent of the direction of the trade)

Buzzkill. 

i dunno i think it is pretty clear that bitcoin wants to break the 200 MA on the 6 hour chart.  why not just do say 0.25 btc and go for it

worst case eat some rice and beans for dinner  for a couple days... best case.... hookers and blow

[ChartBuddy]

Explanation

[solex]

That skeleton can join the boneyard of those still waiting for sub-$65 after the April 2013 crash.

[colour]

worst case eat some rice and beans for dinner  for a couple days... best case.... hookers and blow

Funny, for me it's the opposite:

Best case rice and beans - I love me some rice and beans for dinner.

I wouldn't want prostitutes and cocaine even for free. 

[Erdogan]

What am I supposed to do?? Enter 20x leverage right here or wait for a dip??

Fucking christ

That depends.  If you profit from this, will you keep your profit in BTC or fiat?  If BTC, then hold off.  There is some bearish divergence above 360.  If you plan to keep your profit in fiat, please go all in now.

The not-just-yet potetial adopters getting a bit uneasy, my feeling.

[criptix]

What am I supposed to do?? Enter 20x leverage right here or wait for a dip??

Fucking christ

Not to be a dick or anything, but... if the question stresses you out like that, the answer is almost certainly "do not enter a factor 20 leveraged trade" (edit: completely independent of the direction of the trade)

Buzzkill.  

i dunno i think it is pretty clear that bitcoin wants to break the 200 MA on the 6 hour chart.  why not just do say 0.25 btc and go for it

worst case eat some rice and beans for dinner  for a couple days... best case.... hookers and blow

you got me, going 10x leverage now.