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WorkBuyDie

30 Trades: Successfully completed 30 trades

@workbuydie Joined Oct 2018 Tortuga

49 posts 58 followers 54 following

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Trading stats

Total trades Trades made since joining. 30 trades are needed for trader status.: 61
Profit/loss Profit or loss of the main portfolio in play dollars. $25k profit is needed for trader status.: +72.7%
Avg. per trade Average profit or loss per trade. A +1.5% average is needed for trader status.: 0.00%

All posts by WorkBuyDie

WorkBuyDie

+72.7%

Main portfolio

16 Oct, 2018

+0.0015 BTC

Bought @ $ 6,732.60

@Greentr0py @Cameron @LiBZ42 @Crypto-Twice can one of you explain me how to correctly draw historical support line? :thinking_face: I'm pretty new to trading, don't judge... In my attempt I have tried to find the dip before the bull run at which BTC stopped crashing, but not sure if that would count as historical support.

tradingview.com

https://www.tradingview.com/x/qJw3QK1I/

Crypto-Twice

Me personally, I don't think of a support or resistance line across the whole of $BTC mainly because it has been everywhere. I use a 15-30 day chart to try and predict price action of the near future. Don't get lost into what BTC did 9 yrs ago as compared to today. Try to focus more into what it has recently done because as we've seen sentiment constantly changes. TA in finding support and resistance in just the recent past is more helpful in my opinion. An even then shit can blow up of come tumbling down. It is not an exact science and way too many human variables come into play to make it highly reliable. Learn some about RSI and I think you will be successful. Don't be in a rush to earn 10x etc. Most trades can take a good while to set up. An finally learn to remove emotion and take your profits early and re-enter later. Why HODL for that 10-100x when you can make 2-7% everyday if not a couple times a day.

16 Oct, 2018

WorkBuyDie Thanks for such detailed reply! What you say make sense for sure.. I will try to utilize this platform to learn day trading and recognize the patters. To the point about emotions, I think it's great that now I can do some trading without emotions so I hope it will transition to better confidence once I start real trading.

16 Oct, 2018

Crypto-Twice

Ut to answer your specific question, yes, correct as I see it.

16 Oct, 2018

LiBZ42

Hi @WorkBuyDie. I recommend you watch this video to learn more about Horizontal S/R (Support / Resistance). https://www.youtube.com/watch?v=azB9Q_9MYsI

17 Oct, 2018

LiBZ42

Actually if youre new to trading i suggest you check out all of CryptoCreds stuff on youtube, very good educational material. https://www.youtube.com/channel/UCBaU9NXRPjkLGgJy-M7RPCw

17 Oct, 2018

LiBZ42

To answer your question, yes i think you line/zone looks correct, its pretty simple to map out S/R areas and judging by your screenshot you obviously know the basics.

17 Oct, 2018

WorkBuyDie

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