Loon
Early Adopter: Recognition for being an early adopter and trailblazer on Crypto Parrot
@RonnyLoonyToons
Joined May 2022
Toronto, Canada
I'm using Crypto Parrot as my trading journal, just because.
though bear has formed, needs bear volume. BTC is in an ascending channel and triangle, common sideways action. good trends for small percentage trades. "trend is your friend (until it's not). note, I wouldn't have more than one BTC trade in real trading. But I would have 1 long 10X leverage trade set right now, with a tight stop loss below the ascending channel, say 29,500. Because if S&P 500 drops for the day (which BTC is coupled to), and BTC breaks trend, breaks down, then BTC will fall sharply, the length of the bear pole, which measures 30%. This would drop BTC down into the 20,000 range, bottom of the macro logarithmic chart (into the crypto verse), and, depending on traditional markets and FUD, should be the bottom's bottom. The macro bottom on the decade-long trend chart.
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More from Loon
Loon
Main portfolio
13 Jun, 2022
+2.1016 BTC
1 x Open Long @ $ 23,791.00
P/L +$112,461.01
(+224.92%)
Unrealized P/L at the current bid, after fees. Closing a large position fills deeper in the book.
close enough to the bottom for fun money, focused more on the Fib .618 on SPX with fun-me-not money
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