I'm a full-time crypto trader. Here're my recent trades & answers to questions

[Asmonist]

Its so amazing and inspiring how dedicated trader you are now. Personally I'm not really that have much time to concentrate on trading. Its really interesting and inspiring to do it full time but I think I'm not ready yet. I do trading a little and just leave it for the meantime. My question is how can you keep up the enthusiasm in trading?

[1714249672]

1714249672

[AUruHM]

While the market continues its strange behavior, I continue not caring. Sometimes this strategy makes you more efficient.
The guys below help me not to care a lot 👌😁

Ye, it's a good motivation.  

What do you think about something similar to the falling channel on the BTC 4H chart? It can give us $8300 and the next $7800. What do you think can exist in such a scenario? BTC movement in the last 2 weeks completely fits in such a figure.

[Mark_R]

Its so amazing and inspiring how dedicated trader you are now. Personally I'm not really that have much time to concentrate on trading. Its really interesting and inspiring to do it full time but I think I'm not ready yet. I do trading a little and just leave it for the meantime. My question is how can you keep up the enthusiasm in trading?

Thy hobbie just became my life. I feel that I have no limitations. In trading I'm a boss of my own, I'm my personal educator. During bad times I keep in control of my psychology and comply stricktly with risk management. Thus, I always know that the market will keep moving always and even if now I fail to gain I will survive and gain more.
My advice is to read disciplined trader by Mark Douglas. This is what happens with the brain when you become a professional trader.

[Mark_R]

While the market continues its strange behavior, I continue not caring. Sometimes this strategy makes you more efficient.
The guys below help me not to care a lot 👌😁

Ye, it's a good motivation.  

What do you think about something similar to the falling channel on the BTC 4H chart? It can give us $8300 and the next $7800. What do you think can exist in such a scenario? BTC movement in the last 2 weeks completely fits in such a figure.

Indeed it does. However, I'd rather see the consolidation of the price at the current levels (about $8000 currently), and do not exclude the decline to $7800. But in more long term and several fluctuations.

[Mark_R]

BTC price after strong breakouts of $8000 and $7800 levels (the ones of declining trend) faced a strong support of $7400 and rebounded from this level, making the price consolidating above it.

Just closed my modest short trade at $7550.



After short trade didn't open any positions yet.
Waiting probably for the bull rally in long term due to halving tendency and this beautiful forming double bottom pattern. Major support is $7400. Looks like last resort for $BTC.

[Mark_R]

XBTUSD price has been experiencing the downwards tendency for several month already.

The decline in Novemner was one of the most substantial recent movements that resulted in $7400 support level breakout and further rebound from the bottom border of the downwards range.

Currently, the price is consolidated around $7400 level with the potential to retest. If so, the further price targets are the bottom border of the range (yellow line) and then $5700 level.

On the other side, if the resistance is broken out the price is likely to test the upper border and the level of $8500.

[Mark_R]

Amazing. This is one of the rare times the crypto asset price acts exactly according to technical analysis!  Flag bullish vreacout to the $156 lvl and further rebound from the resistance line.

[Mark_R]

BTC is still in the channel after a pump. I believe if it remains above $7400 there are chances it will grow, specifically if it crosses $7650.  Otherwise, the bearish rally is likely to happen.

[Mark_R]

The price on a large scale remains in a long-term bearish channel since the beginning of the summer.
It seems to continue fluctuating inside it. I'm rather bearish , even regarding short-term bullish impulses. till the upper border breakout.

[huige007]

The price on a large scale remains in a long-term bearish channel since the beginning of the summer.
It seems to continue fluctuating inside it. I'm rather bearish , even regarding short-term bullish impulses. till the upper border breakout.

Bitcoin slowly and gradually has decreased its peak over the last few months and there is no doubt that the market is going through a downfall since then. We all know about the halving which will be taking place in May of 2020 and before that, the bitcoin value decreases and afterwards increases greatly. More interesting is the pattern in the fluctuations which is very interesting. And trader with this graph can make huge earnings.

[ajaymukund]

The price on a large scale remains in a long-term bearish channel since the beginning of the summer.
It seems to continue fluctuating inside it. I'm rather bearish , even regarding short-term bullish impulses. till the upper border breakout.

Positive as you just analyze based on trendlines and some knowledge of support and resistance. But it seems that is still not enough for us to determine a good entry point, right?
So, are you currently using any other indicators? I often see many super traders often use Fibonacci and RSI, MA, MACD. If your graphs have these indicators, we will be easier to identify the next trend of bitcoin in the short term, how do you feel?

[Mark_R]

While the market stays flat, it is still possible to earn.

Opened a long trade at $7200 after the rebound from support line. Currently, already closed a half of the position ($7350).
The next target is $7800, but in case of the price consolidation will close it today.

Your actions currently and thoughts on this crazy market?

[Mark_R]

The price on a large scale remains in a long-term bearish channel since the beginning of the summer.
It seems to continue fluctuating inside it. I'm rather bearish , even regarding short-term bullish impulses. till the upper border breakout.

Bitcoin slowly and gradually has decreased its peak over the last few months and there is no doubt that the market is going through a downfall since then. We all know about the halving which will be taking place in May of 2020 and before that, the bitcoin value decreases and afterwards increases greatly. More interesting is the pattern in the fluctuations which is very interesting. And trader with this graph can make huge earnings.

Yeap. A trader that knows the strategies and works with them can earn at any market basically

[Mark_R]

The price on a large scale remains in a long-term bearish channel since the beginning of the summer.
It seems to continue fluctuating inside it. I'm rather bearish , even regarding short-term bullish impulses. till the upper border breakout.

Positive as you just analyze based on trendlines and some knowledge of support and resistance. But it seems that is still not enough for us to determine a good entry point, right?
So, are you currently using any other indicators? I often see many super traders often use Fibonacci and RSI, MA, MACD. If your graphs have these indicators, we will be easier to identify the next trend of bitcoin in the short term, how do you feel?

I'm not a fan of indicators, use all of them but they are not the major strategy part. Rather acting as confirmation.
Sometimes they are creating mess.
I often use a price action strategy (Larrry Williams - there are lots of tips that still working well on the market)

[Mark_R]

This is that trade I was talking about
Just closed a half. Waiting $7800 target to be achieved

[Mark_R]

How many bitcoins do you get from every trade? My friend joins bitcoin trades and he earns a good one from it.

Hi! It depends.
Here is one of my latesttrading results report:


And also yield curve as of the middle of the year:


Planning to do the same for December and the year.

[Mark_R]

How many bitcoins do you get from every trade? My friend joins bitcoin trades and he earns a good one from it.

So it can be from 0,00..n BTC to a couple of BTC. Sometimes more
Depends on leverage as well.

[Mark_R]

Just closed a short trade with 80 points gain. Opened at the strong support breakout.
For now, the next bearish targets I see are the $7100 and $6800 level.

[Mark_R]

The price is experiencing interestig scenario.
On one hand, the overall sentiment is bearish with the importent levels of $7100 and $6800. This is almost a triangle pattern that implies the strong impulse afterwards.
On the other hand, the price still consolidates. Thus, I cannot exclude longing from about $7100 lvl with short stop.

You guyz?

[Mark_R]

The price experiences the consolidation again that implies the further impulse. Currently, the direction remains unclear but inside the consolidation there is a kind of double bottom pattern
Expecting the crowd to lose as it usually happens.