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

[Mark_R]

Even though BTC broke the local support with bearish impulse, the bullish sentiment is quite possible. MA sign is already present, along with strong support lines.

host an image

[Utoy101]

I really admire your success story,  and I'm glad that you're able to make it in crypto trading after quitting your full time job. I've seen lots of folks make many wrong decisions by quitting a job for crypto. The security and steady incomes that comes with full time jobs are unbeatable and i won't advice anyone to take such decisions due to the risky nature of cryptocurrency.

However, It all boils down to passion,  but crypto trading might seems profitable where you keep winning and winning but it's also that risky as you can loose all within a blink of an eye

[Lecam]

Wow its great because you got big profit in small time you are a very successful trader maybe your capital is big also that why you gain a big profit in short time. And I think you are smart and you have a good strategy to trade that's why you got a big profit. Good for you sir keep it up.

[Mark_R]

Shorted some $btc from $8720. Lucky trade

[rexxarofmoknathal]

If you've already made 12 BTC profit then 'hat down to you', must really know the market well, but dar I ask if this success continues even with today's market. Crypto has now seen its market below the $8000  resistance point, one which most of us thought was quite strong, do you tend to trade at these times of chaos as well or do you take a more linear approach whereby you standby until you seem signs of recovery?

Obviously, you seem quite experienced in the market, otherwise you wouldn't make that much profit and an answer to my query above will help out many fellow traders!

[Mark_R]

If you've already made 12 BTC profit then 'hat down to you', must really know the market well, but dar I ask if this success continues even with today's market. Crypto has now seen its market below the $8000  resistance point, one which most of us thought was quite strong, do you tend to trade at these times of chaos as well or do you take a more linear approach whereby you standby until you seem signs of recovery?

Obviously, you seem quite experienced in the market, otherwise you wouldn't make that much profit and an answer to my query above will help out many fellow traders!

I went into crypto from the traditional markets (more than 10 years experience before I started trading crypto). I earned before chaos and after that. Obviously, not it's a bit harder, but if you already have a trading system, software and comply with risks, your trading becomes stabl even is the market goes crazy.

[Mark_R]

Georgia, Gudauri

Shorting crypto in the mountains is amazing. BTC is now in correction, so I check my stops between boarding times

Are you in short or long?

[Kurokonobasuke]

Quitting you job to get focused in crypto trading is a brilliant idea. For me many employers around the world are just paying their employees at low rate salaries so that it was very difficult to all employees to sustain their needs. That's why many employees are just quitting their previous job to find another one that gives them a highly or enough money for their needs. I've heard also that their want to focus in crypto trading instead of working a job that has a low rate on giving their salaries.

I was not saying that it is better to quit jobs to get full time in crypto trading. It is much better to be a regular in once company because it has a lots of benefits that we can get there, but if the company is so miserly with their salaries to their employees it is much better to quit and find another job that will suits to your needs. In crypto trading we don't know on how long could be win in trading and how much you'll get lose or win in every time you trade.

[rodskee]

Georgia, Gudauri

Shorting crypto in the mountains is amazing. BTC is now in correction, so I check my stops between boarding times

Are you in short or long?

i am for Long but depend in market situation,i can hold for long time but also i can withdraw in shorter time.
for me Investing here is just a waiting game and nothing more,i can take the waiting and also accumulate for short term.
for me the most important thing is not to panic and never go with the weak hands investors.but what made me amazed is the capacity to earn 12 BTC in just a month,how great life must be if i can also do the same thing now before the price goes even higher soon.

[Mark_R]

After a sharp drop BTC price experienced a correction that formed recently a triangle pattern. One more price impulse. Target levels are:
- Bullish: $6000-$6750
- Bearish: $4940-$3000

50MA is still below 100MA, so, the trend os rather bearish for now.

[voteformeg]

i try trading a lot of times but i am just not lucky with it , better for me to just keep my fulltime job , but hope the best for you

[Mark_R]

upload your pictures

The falling wedge pattern worked well today for BTC price. The impulse was followed by a retest and further upwards movement. Now the price is being consolidated

Caught the retest move

[ScamViruS]

I have tried many times. But I'm not as lucky as you. I lost all my BTC by trading. Which was the biggest mistake of my life. But now I am trying to gain knowledge about trading well. That might help me in the future. However, it is not possible to quit my job and trade in the position I am in. So full time job good option for me.

[Stedsm]

I have tried many times. But I'm not as lucky as you. I lost all my BTC by trading. Which was the biggest mistake of my life. But now I am trying to gain knowledge about trading well. That might help me in the future. However, it is not possible to quit my job and trade in the position I am in. So full time job good option for me.

I think everyone in the merry world is free now as they've got a work from home possibility for all types of jobs (except the ones that are managed by manpower like Hotels, food deliveries, car washing, etc.) and for the exceptions mostly, I see more of an opportunity to read and understand the charts very well and spot some opportunities which knock during day trading.

@Op, if BTC falls below $3k, is there a possibility that it'll rebound from $2560? I saw it as a dream and couldn't believe the next day it literally fell down to $3700 on many exchanges.

[Mark_R]

This is how I see BTC dynamics for now. The price now is moving inside the channel (diapason trading opportunities) with the upwards trend inside.

Ready to open long on confirmation and monitor the key level of $6850.

[STT]

Still negative trends to combat and overcome I think.    We have momentum but if lost it can look alot more negative and the top prices are still complying with old downward trends.   It might beat in time but before then probably its still going to show up as negative and scare more people.



So I still imagine the weekend can drift and we might break either one of these relatively short term measures, but the recovery now has the challenge of maintaining speed and not stalling.   It'll splutter a bit at the least over the weekend, back into 5000's and we'll see how Monday goes is one way it can easily play out without any bearish opinion required.  More work to do besides just a simple bounce.

Why its showing a big red bar just this moment I'm not clear on but I think the chart is part of the setup for any sell, profit taking or whatever.

[Mark_R]

> RESULTS Q1 2020 <
Mostly traded futures on Bitmex
+6 BTC profits for March

I appreciate my trading rule to take away a fixed part of the profits to convert them into other assets. This is the way to diversify your portfilio and avoin losses

STAY HOME&TRADE

[Mark_R]

Still negative trends to combat and overcome I think.    We have momentum but if lost it can look alot more negative and the top prices are still complying with old downward trends.   It might beat in time but before then probably its still going to show up as negative and scare more people.



So I still imagine the weekend can drift and we might break either one of these relatively short term measures, but the recovery now has the challenge of maintaining speed and not stalling.   It'll splutter a bit at the least over the weekend, back into 5000's and we'll see how Monday goes is one way it can easily play out without any bearish opinion required.  More work to do besides just a simple bounce.

Why its showing a big red bar just this moment I'm not clear on but I think the chart is part of the setup for any sell, profit taking or whatever.

Reasonably. We'll see on Monday, yeap.

[Mark_R]

Fear&Greed index fell to extremum of 10. I remember this level as of December, 2018 when BTC dropped to $3200.

Looks like a good chance for long-term investment. What would you say?

[Mark_R]

XBTUSD price recently broken the key level of $6380 and left the white diapasn expiriencing bearish tendency. However, the price consolidated and went back to the previous diapason from the green zone, retesting the level.