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
23 May, 2022
+0.3419 BTC
Bought @ $ 29,248.00
because why not, lower lows, and I don't care what some old banker at the Bank of England believes, he's only causing more FUD
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LoonyToons
Main portfolio
23 May, 2022
+0.9653 ETH
1 x Closed Long @ $ 1,933.30
BTC, ETH, XRP long trades, will take NO realized losses because of the 100,000 wallet. in the real world, I trade with $1,000 with X10 leverage, sometimes adding another $1,000 when bulls are running, "glory to the bulls"
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LoonyToons
Main portfolio
23 May, 2022
+4,696.8203 XRP
1 x Closed Long @ $ 0.4130
good chart, like BTC
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LoonyToons
Main portfolio
23 May, 2022
+0.1661 BTC
1 x Closed Long @ $ 30,436.00
LONG LONG LONG JOHNS
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LoonyToons
Main portfolio
23 May, 2022
-1.0000 BTC
1 x Closed Short @ $ 30,120.00
balls to the wall ...
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LoonyToons
Main portfolio
22 May, 2022
+0.0329 BTC
1 x Closed Long @ $ 30,492.00
ascending channel on the 4H, changed from descending wedge pattern, which BTC appeared to have broken out of. RSI 1H is relatively high today. that said, BTC is coupled to the traditional markets, basically indicated with the S&P500; alt coins coupled to BTC.
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LoonyToons
Main portfolio
22 May, 2022
+0.0330 BTC
1 x Closed Long @ $ 30,417.00
messed up my trades, not taking realized losses with those SHORTS, though
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LoonyToons
Main portfolio
22 May, 2022
-0.1700 BTC
1 x Closed Short @ $ 30,091.00
quick scalp, closed below 200 EMA, low volume, Sunday, bear market, to breach Fibonacci .236 would take LOTS of liquidity ... from where? Whales sometimes hammer leveraged traders, stop them out, whales are always whining about lev traders, like normal everyday people. it's their sandbox, so f-cuk off, they think
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LoonyToons
most institutional money enter markets in drips usually, don't want to influence the price action too much
22 May, 2022
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LoonyToons
billionaire bears set bear traps, tracking Glassnode stats on number of leveraged traders. when it's high, they'll look for opportunity to STOP the lev traders, stomp them of the market
22 May, 2022
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LoonyToons
these are retail traders pushing BTC up, little volume on Sundays. but the whales don't want the price high today because they would prefer Monday morning GMT, in a bull market. that said, why anyone Who's going LONG now? there's no volume, no confirmation, no Fibonacci, SP500 is down, NASDAQ everything down, inflation. unless, they're expected the markets to jump in the morning, and they're getting their trades in early. Monday morning 8am GMT (4am UTC-4) is a good start for the trading day, I'm finding
22 May, 2022
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LoonyToons
Main portfolio
22 May, 2022
-0.1000 BTC
1 x Closed Short @ $ 29,866.00
scalp
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LoonyToons
quick trade, just wanted a small profit. I'm not into SHORTS down here, not until we have confirmation. meaning, if the SP500 dumps down to 3800 then 3700, and the American dollar DXY shoots up, then I'll go SHORT down to $20,000. but even though the 10-year logarithmic chart on BTC clearly shows that BTC should plummet down to 10,000-20,000 to complete the cycle, I remain bullish. Because ... glory to the bulls.
22 May, 2022
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LoonyToons
the main problem here is that the whales, those with hundreds of millions and billions, are wealthy because they think longterm, they think in cycles and multiple cycles. retail traders like us are playing checkers, them telepathic chess. the markets are manipulated by the stinking rich. we know this. it always has been. that's why they own the buildings that we rent our apartments in. deep traders are always going on about the 20,000 lower low, everything correlating. the hodlers (holders) on YouTube are spreading FUD (fear, uncertainty, doubt), barking command orders out through the tubes, "hold. hold. hold. don't sell."
22 May, 2022
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LoonyToons
Well, I used to listen to these charlatans, used to listen to them when I had $20,000 USD in play. I remember early May 2021, that 50% dump. I didn't sell, then I panic sold, dumped, and I lost $10,000. half of my trading portfolio. It was then that I turned away from HODLING and toward TA, technical analysis. I changed my mindset. Crypto isn't about holding. it's about trading, going along with the markets, up and down.
22 May, 2022
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LoonyToons
If you're rich, 100s of thousand of dollars and/or millions, then hodling BTC is longterm strategy, especially if they bought it down in the lower price levels, like $10, like $100, like $1000.
22 May, 2022
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LoonyToons
it's smart. but if you don't have that kind of liquidity, then you're going to be stopped out, you're going to be giving them your money.
22 May, 2022
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LoonyToons
Main portfolio
22 May, 2022
+1.5145 ETH
1 x Closed Long @ $ 2,006.27
bounce down off the upper trend line; that said, relatively small longs aren't going to be realized losses because I have 100,000
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LoonyToons
the difference between trading with 1,000 USD in the real world, and 100,000 here is obvious now. in the real world, I'm always setting tight losses because I literally can't afford to hodl 5,000 longs for months. I believe BTC is going to the Moon in months or quarters, whatever. that's the easy part for settled traders with 100,000+ in portfolios.
22 May, 2022
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LoonyToons
the hard part for retail traders is WAITING for the bottoms, and not getting liquidated if BTC drops dumps 10% again. Because I usually trade 10X leverage, usually have $5000-10,000 in trade any given weekday
22 May, 2022
1
LoonyToons
impatience is what caused my first liquidation on FTX, that and being over caffeinated on Starbucks quad-shot Americanos
22 May, 2022
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LoonyToons
Main portfolio
21 May, 2022
-0.0690 BTC
1 x Closed Short @ $ 29,321.00
1% scalp, pizza money
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