LoonyToons
Early Adopter: Recognition for being an early adopter and trailblazer on Crypto Parrot
30 Trades: Successfully completed 30 trades
@LoonyToons
Joined May 2022
Toronto, Canada
Half my life in North America, the other half in Northeast Asia. On Cave-Wall Street, they call me Dip-a-dee-doo-dah, the Loony Toon.
LoonyToons
Main portfolio
31 May, 2022
+0.0634 BTC
1 x Closed Long @ $ 31,790.00
FIB RE 0.5 holding, so hodling am I
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LoonyToons
Main portfolio
31 May, 2022
+0.0632 BTC
1 x Closed Long @ $ 31,790.00
gorgeous, absolutely brilliant day candle ... hell ya
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LoonyToons
Main portfolio
30 May, 2022
+0.0630 BTC
1 x Closed Long @ $ 32,148.00
hodl, will hold until profit taken
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LoonyToons
And MAY trading ends in 52 minutes
30 May, 2022
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LoonyToons
NEED the 1D candle to close above 32,700 (33,000 better, obviously) to continue rally ... candle closes in 36 minutes. tick tock ...
30 May, 2022
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LoonyToons
Main portfolio
30 May, 2022
+5.2279 ETH
1 x Closed Long @ $ 1,930.10
coupled to BTC, did the TA earlier
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LoonyToons
Main portfolio
30 May, 2022
+0.3261 BTC
1 x Closed Long @ $ 30,785.00
following NATH's lead, sound advice
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LoonyToons
Main portfolio
29 May, 2022
-0.4000 BTC
1 x Closed Short @ $ 29,136.00
scalp
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LoonyToons
fractal patterns.Fractal 1: BTC is dropping in a descending wedge Fractal 2: within that wedge is an ascending channel, which BTC just tested and retested resistance. bulls failed. bears take over, pushing it back down, down, down, down to Fractal 2 support. maybe move along this ascending channel until weekly candle closes in about 8.5 hours. reminder: there are 8 red weekly candles, something rarely seen. if it closes red, then that's 9
29 May, 2022
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LoonyToons
that said, all eyes will be on the SPX in the morning, beginning with premarket trading. if SPX continues up along the a) XABCD harmonic pattern b) trend line, then BTC should finally get that RALLY to the upside. But don't confuse the rally with a reversal. But it's probably not. It's what they call a "dead cat bounce."
29 May, 2022
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LoonyToons
but that dead cat bounce is a common way to make gains. if it bounces, then I'm going 10X in the real world with a tight stop loss. it could bounce up to 48,500, 39%. That's 390% with 10X leverage. That said, I haven't been trading with leverage for weeks, usually doing quickly 2X lev scalps
29 May, 2022
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LoonyToons
most traders can't see the reversal happening now. the whales are looking at the logarithmic charts, those going back ten years. Those charts point to a longer bear trend, crypto winter, with BTC dropping down to 10,000.
29 May, 2022
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LoonyToons
I don't have enough experience to understand these cycles. But what I do know is that the markets move within patterns, patterns within patterns, fractals. if you
29 May, 2022
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LoonyToons
Main portfolio
28 May, 2022
+2.7821 ETH
1 x Closed Long @ $ 1,818.10
broadening wedge, ETH has more field to run. Be the bull, ETH. That said, ETH is coupled to BTC, obviously, as is every alt coin. Following several charts today: BTC, ETC, LINK, APE, and DOGE (not seriously)
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LoonyToons
every trade, and I mean every trade, is DCA, if you're not dollar cost averaging into trades, then you're going get dumped on. These dump-oners are called "bag holders." I often got holding the bag during my first six months of trading because a) entering LONG positions late, rather than waiting for pullbacks and/or consolidations b) panic sold when some traders took profits, despite the strong uptrend, sentiment, FEAR/GREED index c) couldn't DCA, lower my price average because I was already over leveraged 10X or 20X; theses realized losses adding up with trade after trade d) revenge trading, balls to the walls, gambling, basically; temporary highs, or long-lasting lows e) and probably most importantly, not studying the weekly charts, the day charts, the 4-hour charts, and the one-hour charts before considering the bigger picture, the larger trends out of eyeshot, what the real traders were following. Blah, blah, blah ... just journaling guys ...
28 May, 2022
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LoonyToons
Basically, in confirmed bear markets, I learned to never over leverage LONG positions. During bear markets, my max is 7X lev, and that's only if the DXY is dropping and/or S&P 500 (and other indices) are rallying, passing higher highs, because of some positive news.
28 May, 2022
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LoonyToons
And my SHORTS are always 2X leverage max, because SHORTS are frightening. Let's face it, when BTC rallies back up to the 40's and 50's and 60's, the likelihood of it ever dropping back to 27K are slim. LONGS are like sun rays, man. They go on and on and on ... until some neutrino passes through your drug-addled brain in some retirement centre somewhere in some future reality. Dig?
28 May, 2022
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LoonyToons
Main portfolio
28 May, 2022
+2.7963 ETH
1 x Closed Long @ $ 1,798.23
scalp, relatively low. bulls wanna run. Loon says, "Maul the bear, glory to the bulls."
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LoonyToons
Main portfolio
28 May, 2022
-0.0500 BTC
1 x Closed Short @ $ 28,564.00
mucked up the last
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LoonyToons
Because I don't like SELL orders, make me nervous. Infinite losses are about as scary, but not quite, as a crackhead in New York City subway.
28 May, 2022
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LoonyToons
Been trading 1.5 years, started buying BTC and holding late 2020, stocks first week in January 2021. No experience. Nothing. Traded like a goddamn idiot for 12 months, burned through $25,000 USD.
28 May, 2022
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LoonyToons
I started "trading" first week of January 2022, figured out what works for me: small trades, scalps, 20-30/day maybe. I used to take stop losses all the time, trade on 2-minute charts with pros. Like I said, an idiot. Then, after watching YouTube videos for that past year, shit finally sunk in. Don't trade over 7X leverage, don't take stop losses, ride them out, every one of them, even if you have to wait them out for months and months. No reds.
28 May, 2022
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LoonyToons
Main portfolio
28 May, 2022
+5.7333 ETH
Bought @ $ 1,744.20
shedge, hodling $30,000 in LONGS for days and days. just a quick 1% dippy-dip for one SELL. But waiting for one more confirmation with the 15-minute chart, rejection from a 1H downward trend line with full wicks. Ugh! An ugly trade. 10 minutes left on the candle ... tick tock. 10:20 am in Asian market (GMT+9).
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LoonyToons
Main portfolio
27 May, 2022
+0.5793 ETH
1 x Closed Long @ $ 1,735.20
coupled to BTC, relatively low, oversold
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LoonyToons
Main portfolio
27 May, 2022
+0.0706 BTC
1 x Closed Long @ $ 28,543.00
BTC, not into shorts down here
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