I quit my job to do full-time crypto-trading. Made 12 BTC profit last month

[Mark_R]

Bitcoin price (1h) after moving inside the upwards range (yellow diapason) experienced the declining trend (white), breaking out the upwards zone.

The bearish rally stopped at the level of $7800 that was a significant support level for several weeks. Then the rebound followed, breaking the upper border of the falling range.
Two crossed ranges formed a neutral zone (white triangle) where the price is fluctuating currently.

The breakout of the triangle borders will mean:

1. Either bullish scenario ($8250 resistance breakout) with the further target levels inside the yellow range:
- Target 1: $8460
- Target 2: ~$9000 and upper (the upper range border)

2. Or bearish scenario: Reaching $7800 support and falling below.

Neutral scenario imply further consolidation inside the neutral zone.

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[GreenStox]

for now I think it is very difficult to be able to do this because the current conditions of the exchange are not good will make trading cryptocurrency not easy to get profits, trading volume must be high and price movements must also be fast to be able to get profits every day from cryptocurrency trading.

[Gotumoot]

Trading is certainly profitable but it is not everyday. So you should not leave your stable and good job! but I will not blame you because the 12 BTC is a huge amount of money. Therefore, we are satisfied that we will make a big profit in trading. Hope your trading success continues and don't be greedy. Sell if the price is falling to secure the profit and have the investment to buy at the lowest price of BTC will fall.

[durilup]

You shouldn't quit your job . At least you should move on a part-time job so you can assure at least the bills . Cryptocurrencies at this moment have a big risk on trading

[error08]

Bitcoin price (1h) after moving inside the upwards range (yellow diapason) experienced the declining trend (white), breaking out the upwards zone.

The bearish rally stopped at the level of $7800 that was a significant support level for several weeks. Then the rebound followed, breaking the upper border of the falling range.
Two crossed ranges formed a neutral zone (white triangle) where the price is fluctuating currently.

The breakout of the triangle borders will mean:

1. Either bullish scenario ($8250 resistance breakout) with the further target levels inside the yellow range:
- Target 1: $8460
- Target 2: ~$9000 and upper (the upper range border)

2. Or bearish scenario: Reaching $7800 support and falling below.

Neutral scenario imply further consolidation inside the neutral zone.

Seems bitcoin trying to attain the bullish scenario, reached $8350 before the drop to $8200 again and gradually declining atm. We'll see how it come out after 24 hours, but bitcoin might stay at the neutral zone for a while rather than back to $7800 support.

[Mark_R]

Bitcoin price (1h) after moving inside the upwards range (yellow diapason) experienced the declining trend (white), breaking out the upwards zone.

The bearish rally stopped at the level of $7800 that was a significant support level for several weeks. Then the rebound followed, breaking the upper border of the falling range.
Two crossed ranges formed a neutral zone (white triangle) where the price is fluctuating currently.

The breakout of the triangle borders will mean:

1. Either bullish scenario ($8250 resistance breakout) with the further target levels inside the yellow range:
- Target 1: $8460
- Target 2: ~$9000 and upper (the upper range border)

2. Or bearish scenario: Reaching $7800 support and falling below.

Neutral scenario imply further consolidation inside the neutral zone.

Seems bitcoin trying to attain the bullish scenario, reached $8350 before the drop to $8200 again and gradually declining atm. We'll see how it come out after 24 hours, but bitcoin might stay at the neutral zone for a while rather than back to $7800 support.

Yeah, still acting in the neutral zone . Long consolidation process

[Mark_R]

Currently, ETHUSD is showing a clear diapason .
This zone (marked in white) might be indicated as neutral range that is a brilliant opportunity to act inside the diapason after the price rebounds from the yellow borders.

However, since the range is broken out, the following scenarios are likely to happen:

1. Bullish scenario.
Since during 9 days (October, 11 - October 20) the price experienced a clear downwards trend (white line) that was broken out inside the diapason, the bullish growing sentiment was crearly revealed.
In case of the upper range border breakout the price is likely to reach 3 targets, according to the strong resistance levels of several days (marked in green). The volumes will indicate the price impulse strenghts. Retest from the upper border is also possible in the foreseeable future.

2. Bearish scenario.
Nevertheless, spesifically in case of low volumes and growing beariish sentiment, the price, supposedly, after lower diapason border breakout will reach the continuation of the white line that will act as a support line. This may prevent the price from the further drop . The probable bearish price movements are in the red triangle with the lowest target of $160.

[secretgirl]

You shouldn't quit your job . At least you should move on a part-time job so you can assure at least the bills . Cryptocurrencies at this moment have a big risk on trading

If someone already can made 12 BTC a month, this means his capital is already big and it's enough for financial free at every country in this world.
He must be make a "sure" investment from those 12 BTC and trade them again a half of them or more

yes, it is true that you say. when someone can get 12 btc every month. even though he does not work in a company, he may be able to make ends meet and even have a lot of residual income. indeed crypto has the potential risk, but if someone already has a good strategy and analysis, crypto trading is definitely profitable for him. I am not surprised if someone quits a company, because he is focused on earning income with cryptocurrency.

[yangongear]

You shouldn't quit your job . At least you should move on a part-time job so you can assure at least the bills . Cryptocurrencies at this moment have a big risk on trading

If someone already can made 12 BTC a month, this means his capital is already big and it's enough for financial free at every country in this world.
He must be make a "sure" investment from those 12 BTC and trade them again a half of them or more

yes, it is true that you say. when someone can get 12 btc every month. even though he does not work in a company, he may be able to make ends meet and even have a lot of residual income. indeed crypto has the potential risk, but if someone already has a good strategy and analysis, crypto trading is definitely profitable for him. I am not surprised if someone quits a company, because he is focused on earning income with cryptocurrency.

He has more than 10 years in trading, and he said 5 years in crypto trading. So we can see he doesn't trade too often, and I guess his volume is quite large, so he needs certainty for each such order. It can be called trading to live, work fewer hours a day, and spend time with himself.

[yangongear]

Bitcoin will be rising up soon as we are coming closer to the end of this year. However, this change can give hope to many hopeless investors, especially newcomers. Whenever bitcoin is taking rest, I do not understand why everyone starts saying that the world of digital market is about to end. Moreover, even if dips offer such volatility, any trader can make good profits out of it.

Of course not, you can see BTC price often falled down in the November yearly (according the chart). BTC weekly chart is very bad, so in my opinion the second scenario that Mark said will happen in the end of this year.

[Mark_R]

You shouldn't quit your job . At least you should move on a part-time job so you can assure at least the bills . Cryptocurrencies at this moment have a big risk on trading

If someone already can made 12 BTC a month, this means his capital is already big and it's enough for financial free at every country in this world.
He must be make a "sure" investment from those 12 BTC and trade them again a half of them or more

yes, it is true that you say. when someone can get 12 btc every month. even though he does not work in a company, he may be able to make ends meet and even have a lot of residual income. indeed crypto has the potential risk, but if someone already has a good strategy and analysis, crypto trading is definitely profitable for him. I am not surprised if someone quits a company, because he is focused on earning income with cryptocurrency.

He has more than 10 years in trading, and he said 5 years in crypto trading. So we can see he doesn't trade too often, and I guess his volume is quite large, so he needs certainty for each such order. It can be called trading to live, work fewer hours a day, and spend time with himself.

Yeah, I used to reveal this info somewhere in this threaв
Here is some average numbers


upload picture

[Mark_R]

Bitcoin price (1h) after moving inside the upwards range (yellow diapason) experienced the declining trend (white), breaking out the upwards zone.

The bearish rally stopped at the level of $7800 that was a significant support level for several weeks. Then the rebound followed, breaking the upper border of the falling range.
Two crossed ranges formed a neutral zone (white triangle) where the price is fluctuating currently.

The breakout of the triangle borders will mean:

1. Either bullish scenario ($8250 resistance breakout) with the further target levels inside the yellow range:
- Target 1: $8460
- Target 2: ~$9000 and upper (the upper range border)

2. Or bearish scenario: Reaching $7800 support and falling below.

Neutral scenario imply further consolidation inside the neutral zone.

Seems bitcoin trying to attain the bullish scenario, reached $8350 before the drop to $8200 again and gradually declining atm. We'll see how it come out after 24 hours, but bitcoin might stay at the neutral zone for a while rather than back to $7800 support.

Bitcoin will be rising up soon as we are coming closer to the end of this year. However, this change can give hope to many hopeless investors, especially newcomers. Whenever bitcoin is taking rest, I do not understand why everyone starts saying that the world of digital market is about to end. Moreover, even if dips offer such volatility, any trader can make good profits out of it.

The projection works.
Shorted inside the neutral triangle.
+2R gain

[error08]

Well, we have entered the bear phase as bitcoin tumbled to $7289 a few hours ago.
Have bought bitcoin to add into my wallet, but where it's headed next? $7500 seems like the new support right now. Let's see what happens in the next 24 hours, probably it will rebound to $8000.

[Shasha80]

The world of cryptocurrency is currently in poor condition, so people who are full time looking for income from cryptocurrency
will definitely get the effect of current market conditions. So the income we get is uncertain, this must be noticed. My advice for
those who still work in an office, please think if you want to quit the job doing full time in cryptocurrency. There are many difficulties
that you will face making money in the cryptocurrency world, but if your decision is unanimous, please bear it each risk. Don't regret
it later on.

[Innocant]

Ill think not only you are quitting job already its because of crypto doing trade all the time to earn more profit on trading. Iv'e seen some people like you to quit job because they can earn enough in doing trade but need more experience on trading it was to risky trading all the time. And 12 BTC you earn for trading that was a high amount maybe it come to years to earn on at.

[Best Dreams]

Bitcoin will be rising up soon as we are coming closer to the end of this year. However, this change can give hope to many hopeless investors, especially newcomers. Whenever bitcoin is taking rest, I do not understand why everyone starts saying that the world of digital market is about to end. Moreover, even if dips offer such volatility, any trader can make good profits out of it.

Of course not, you can see BTC price often falled down in the November yearly (according the chart). BTC weekly chart is very bad, so in my opinion the second scenario that Mark said will happen in the end of this year.

Yeah this year price graph of bitcoin seems to be rising and it is going to be pump year but it’s all just prediction of the investors so some will make right and some people will make wrong predictions but this year trading with bitcoin is going to be profitable all of us should get in trading this year, I hope with time passage market will be recovered.

[Aying]

Ill think not only you are quitting job already its because of crypto doing trade all the time to earn more profit on trading. Iv'e seen some people like you to quit job because they can earn enough in doing trade but need more experience on trading it was to risky trading all the time. And 12 BTC you earn for trading that was a high amount maybe it come to years to earn on at.

Maybe the OP is learning trading for maybe 3 years or more. because it is so hard to risk your job on switching in to become a trader. I have my job too and I cant quite because I dont have too kuch knowledge in trading and I dont have some source of income to support it. so maybe his have business or something that support his trading. if we start trading now it very risky and for sure we have big losses if we not think it twice.

[Mark_R]

Well, we have entered the bear phase as bitcoin tumbled to $7289 a few hours ago.
Have bought bitcoin to add into my wallet, but where it's headed next? $7500 seems like the new support right now. Let's see what happens in the next 24 hours, probably it will rebound to $8000.

Agree. $7500 for now seems to be a support and also a strong psychological level. Many people  expect the autumn 2018 repeat (huge drop), but imo the same drop hardly will happen this time.
However, I consider $7200 and below quite possible in case of $7500 breakout. Will post some thoughts in terms of further BTC movements in some minutes here

[Mark_R]

The world of cryptocurrency is currently in poor condition, so people who are full time looking for income from cryptocurrency
will definitely get the effect of current market conditions. So the income we get is uncertain, this must be noticed. My advice for
those who still work in an office, please think if you want to quit the job doing full time in cryptocurrency. There are many difficulties
that you will face making money in the cryptocurrency world, but if your decision is unanimous, please bear it each risk. Don't regret
it later on.

Yeap. The inductry os not really mature... bears risks and at the same time so much potential

[Mark_R]

Looking at the broader picture of Bitcoin price movements (1d) that is worth saying that yesterdays' drop signified the confirmation of the downwards channel lasting for 4-month.

Interestingly, the drop below $7500 coincided with the daily maximum of Bakkt trading volumes.
Anyway, that is not what the post is about.

What we have currently is $7400-$8500 neutral diapason with several signoficant support & resistance lines marked as price target.

$5600 acts as a final bearish target, while $10400 is a bullish final target for now. The consolidations and retests are expected at the strong levels zone, including downwards trend lines (yellow & green) that, supposedly, will contribite signoficantly to the price dynamics.