Thread: RIP Bitcoin

first day trade of the day: bought some btc/usdt at 8,700.

looks like a double bottom on the 7 day chart:

2 hour chart on binance.

if it breaks support at around 8300, i'll cut loss.

profit: will take a 5-10% gain.

^What does a double bottom mean in market terms?

so a 10% gain is sell at about 9600 without factoring in exchange costs?

Do you actually watch it or set sell points?

Originally Posted by Mr Earl

^What does a double bottom mean in market terms?

https://www.investopedia.com/terms/d/doublebottom.asp

A double bottom is a charting pattern used in technical analysis. It describes the drop of a stock or index, a rebound, another drop to the same or similar level as the original drop, and finally another rebound. The double bottom looks like the letter "W".

It's the insertion point for a candlestick.

Originally Posted by Ukan Kizmiaz

so a 10% gain is sell at about 9600 without factoring in exchange costs?

Do you actually watch it or set sell points?

usually just watch it and sometimes choose a point.

5% profit will be when it hits 9100.

Originally Posted by Ukan Kizmiaz

without factoring in exchange costs

if you have bnb, the trading fee is .05% on binance (very low).

it's .25% on bx.in.th (5 times higher).

^ Thanks, so it looks like it will blast off for the moon, hey hey.

I'll buy some more today.

Originally Posted by Mr Earl

^ Thanks, so it looks like it will blast off for the moon, hey hey.

i wouldn't say that, earl.

i'm in and out of the market quickly (day trading) since taking my initial investment out in early january after investing in december.

yes I don't see any 'technical' indication that it is heading for the moon...heading up though for the 5% gain...

Originally Posted by fishlocker

It's the insertion point for a candlestick.

the trendlines look distnctly like the classic gonads and bellend which means that after this recent move past the prince albert we are looking at a substantial drop to the hairy plums

Originally Posted by Mr Earl

^What does a double bottom mean in market terms?

jesus wept.


it truly is the blind leading the blind on here.

Originally Posted by raycarey

jesus wept.

it truly is the blind leading the blind on here.

are you trading cryptos, ray?

or did you just stop in to say hi and see if redhaze is here?

^^^

At last, Charting for TD (The Dinosaurs) members. Possibly a GIF/cartoon utilising certain members would stick in their minds better.

Originally Posted by raycarey

jesus wept.


it truly is the blind leading the blind on here.

They say their only here for the Craic, let them enjoy winning a few THB and losing a larger number. 'Tis just pieces of coloured paper after all.

I'm looking for that pink puckered starfish.

Then I'm all in.....hook line and shanker.



fish

Originally Posted by Farangrakthai

5% profit will be when it hits 9100.

at 8,800 currently.

put a limit order in to sell at 9,100:

and did you get the price? - it went close then splat!

Originally Posted by Ukan Kizmiaz

and did you get the price? - it went close then splat!

yep, got it.

was a fun ride and made a few thousand baht (6-7,000).

Buy,HODL and fuhgeddabout da mkt cap.

^^ cool - when I did a bit of trading it was always tempting to hang in for a little more - and then (ineviatably) get screwed when it turned fast.

Its easy to forget that 5% gain over a few hours is fantastic - unless you're at the casino or racetrack.

nice looking double bottom on the 14 day chart!

Originally Posted by Ukan Kizmiaz

Its easy to forget that 5% gain over a few hours is fantastic - unless you're at the casino or racetrack.

Yep, i'm happy with it and it adds up, if you do that a few times/week.