WorkBuyDie
30 Trades: Successfully completed 30 trades
@workbuydie
Joined Oct 2018
Tortuga
WorkBuyDie
Main portfolio
17 Oct, 2018
-1,000.0000 XRP
1 x Closed Short @ $ 0.4394
I don't think XRP will sustain the price at this level. Taking short position. Correct me if I'm wrong. Also could it be that inverse head and shoulders are forming?
tradingview.com
https://www.tradingview.com/x/OC3BoExF/
1
WorkBuyDie
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/
3
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
5
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
1
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
1
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
1
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
1
WorkBuyDie
Main portfolio
16 Oct, 2018
+0.4467 BTC
2 x Closed Long @ $ 6,590.00
Trade is based on @Greentr0py TA. Stop loss at $6600 and take profit at $7050
4
WorkBuyDie
Main portfolio
14 Oct, 2018
-0.1000 BTC
1 x Closed Short @ $ 6,303.00
My super cautious first trade... Open at market price. Take profits at $6310, fold and run @ $6440 :bear: > :cow:
4