Short bitcoin market speculation

[Odusko]

Derivative traders gather here let have a quik talk about the current bitcoin price drop, we saw that bitcoin price just touched $111000 before gradually recovering to 112000 to $113,000 per BTC.
So which leverage amount will you use for me i want to take a long position with $20 and a leverage of 20x, what about you?

[Gozie51]

A long position with such amount with 20x leverage? I hope you have up to $2,000 to take such risk. Remember it is not always certain that price will begin to reverse up from where it was coming from. So check your strategy and see if actually price is going back North. Reversal may not be immediately and the drop can continue to a time you don't know. Therefore, check for the fundamentals that has led to the drop in price and see if it will continue falling or a little shake up to go back up.

[Odusko]

A long position with such amount with 20x leverage? I hope you have up to $2,000 to take such risk. Remember it is not always certain that price will begin to reverse up from where it was coming from. So check your strategy and see if actually price is going back North. Reversal may not be immediately and the drop can continue to a time you don't know. Therefore, check for the fundamentals that has led to the drop in price and see if it will continue falling or a little shake up to go back up.

I agreed with you on the fundamentals that drive the price down having the possibility of holding the market down below the current price, between we dont also know what will happen if the price will recover back to at least 120k, its all gambling with the price to see if we win from that, this thread is just for fun.

[BitMaxz]

That's a risky entry. If you enter at $111k, you've already made a profit on current price $113k but if this is a plan and you are going to entry while it's recovering, to me that's not a good idea without confirming what's going on.

Take note that major support recently just got broken, and for me, based on the investigation and analysis, the sudden pump after touching the $110k zone is a huge liquidity; if you have a bookmap monitoring it, it will show you the big liquidity at $110k.
Meaning that retracement came from liquidity being absorbed. What I see is a pullback after liquidity; it still shows a sign of bearishness. This is just for me; I'm not a financial advisor.

A daily time frame should tell you more than a short time frame. It is still bearish with no divergence signal or anything because it was from a huge engulfing candle from August 13 and 14 and a breakout from previous trend support.

[logfiles]

That leverage is a bit high unless if you have some more funds in your accounts just in case of a margin call

But, I think Bitcoin price will drop further? (This is just my speculation and my gut feeling, do not take it as financial advice). Maybe I would do a-not-more-than 5x short, but the ETH price movement is making things a bit so tricky.

[Alpen]

Derivative traders gather here let have a quik talk about the current bitcoin price drop, we saw that bitcoin price just touched $111000 before gradually recovering to 112000 to $113,000 per BTC.
So which leverage amount will you use for me i want to take a long position with $20 and a leverage of 20x, what about you?

Dude, make up your mind. Are you for a short or a long? The title says short, but your first message is about a long position

[JeffBrad12]

Derivative traders gather here let have a quik talk about the current bitcoin price drop, we saw that bitcoin price just touched $111000 before gradually recovering to 112000 to $113,000 per BTC.
So which leverage amount will you use for me i want to take a long position with $20 and a leverage of 20x, what about you?

I just did 10x with $300, not much but i'm planning to hold it till ATH, it's definitely risky so I put my SL somewhere.
I'm bullish about the fact that there's wide CME gap waiting to be filled and eventually BTC will reach $118k again but it's just my speculation. Honestly I haven't analyzed that much with this trade.
Just doing some long just in case.

[Odusko]

Derivative traders gather here let have a quik talk about the current bitcoin price drop, we saw that bitcoin price just touched $111000 before gradually recovering to 112000 to $113,000 per BTC.
So which leverage amount will you use for me i want to take a long position with $20 and a leverage of 20x, what about you?

I just did 10x with $300, not much but i'm planning to hold it till ATH, it's definitely risky so I put my SL somewhere.
I'm bullish about the fact that there's wide CME gap waiting to be filled and eventually BTC will reach $118k again but it's just my speculation. Honestly I haven't analyzed that much with this trade.
Just doing some long just in case.

10x on $300 is a big deal and you must have your liquidation price very close if you don't have account mentanance balance to keep you in the market, although it's good that you set your SL somewhere close as you said and sure that we likely see Bitcoin recovering back to $118k again and if that happens you be in alot of profits, this new week is filled with uncertainty since Bitcoin still mentained it $112k resistance level and we don't know what direction the market will take from here.

[michellee]

If you are worried about the situation, you can use a leverage of 10x or even lower. You don't want to waste your money on the unstable situation so you may want to test the market with a small amount. That helps you to know the real situation that may happen later so you can decide based on the market situation.

You will not use too high leverage if you are not sure because this time, the market is hard to predict or analyze. The price is back to $112k and there is a chance to lower than that.

We must be careful analyze and it is better to stay calm for a while and observe more to the market. But it will be okay if you still want to enter the market.

[slaman29]

Show us the trade, or even the account before making such claims I mean, I'm advicing against trading at all but if you really want to do that trade, what is the reasoning, what is the target exit and why?

Otherwise, if you're just gambling then go ahead and gamble no need to post separately about it, what is the point right

Also 20x leverage means you should be prepared to have $2000+ MINIMUM capital, do you?

Oh and @JeffBrad12 same, show us trade or I call bullshit

[Gozie51]

I just did 10x with $300, not much but i'm planning to hold it till ATH, it's definitely risky so I put my SL somewhere.
I'm bullish about the fact that there's wide CME gap waiting to be filled and eventually BTC will reach $118k again but it's just my speculation. Honestly I haven't analyzed that much with this trade.
Just doing some long just in case.

You must be on a danger zone if you actually triggered that other because price is still within $111k meaning no volatility so far that will help you drive the market. But seriously, I'm thinking it is risky to long on bitcoin this week since we have started seeing bitcoin drop for the past two weeks and nothing so far is on the way to push it up at the moment. So I think to stay off the ridar of buy will be useful until the correction set the price for another stage.

this thread is just for fun.

I should have thought as much 

[Odusko]

Show us the trade, or even the account before making such claims I mean, I'm advicing against trading at all but if you really want to do that trade, what is the reasoning, what is the target exit and why?

Otherwise, if you're just gambling then go ahead and gamble no need to post separately about it, what is the point right

Also 20x leverage means you should be prepared to have $2000+ MINIMUM capital, do you?

Oh and @JeffBrad12 same, show us trade or I call bullshit

For your information I already exited the trade when my SL price was reached as you can see that the market continues to dip even to this very moment, I could have shared my trade history with you but I don't see any need for that since I already mentioned that we just want to have a short price prediction on derivative market.
You asked what need for this thread, between you just  made a full post that shows you just the fun and get paid so bro relax.