/biz/ - Business & Finance

>>54342694
Using leverage is dumb. There's not really a good way to short anyway, you'll get scam wicked. Better to just wait and buy the bottom ($500) instead.

it's pure gambling, it could either go very well or very bad
the direction really is unclear, only a degenerate would make such a move now

>>54342694
You'll be fine. Rising price on lowering volume, just make sure you close it out sensibly around 25k or 24k. Don't get greedy

>>54342694
You should see profit as the 4H Stoch RSI is falling. Just remember to set a stop-loss and close the short the moment you see profit. Don't get greedy.

>>54342694
this is a good price point to sell it can fall from here to 10k and beyond but, I think theres going to be a scam wick just to fuck some ppl like you then the big dump comes right after, but likes hope not :) merry christmas

>>54342711
>the direction really is unclear
The direction is clear if you look at the Stoch RSI right now. It's overall bearish but the 1-hour is crabby which means very very very short-term the price likely will go up a tiny little bit, a few hundred at most, test 28k, before it resumes dumping so if OP can survive that then he'll be fine.

>>54342694
This but with non-covered shorts.
>>54342703
>>54342711
>>54342721
>>54342743
>>54342808
NGMI

>>54342833
I hope you lose all your money

>Muh stoch ira

>>54342694
Jfc you are fucked HAHAHAHAHAH

>>54342833
no, it's not
there's no indicator that will save your ass when they just decide it to pump specifically to fuck up shorts who checked the stock rsi
pure gambling

>>54342963
It is not gambling if someone else pays for your loss.

>>54343006
hmm yes it is

Why the fuck it's not going down as twitter fags told me do I back out of the trade???? Fucking shit what i just got myself into this is so stressful

>>54342694
Whats the expiry

>>54342694
You seem stupid

>>54343019
Chill. Don't second guess yourself. If you have a SL and TP then just fucking log off and chill

>>54343019
Panic. Second guess yourself. If you have a SL or TP you are surely gonna hit them. Go full panic mode.

>>54343019
Ok, 1h just bounced off the lower Bband, but 4h is crabby as fuck and 1d is bearish. There's nothing I can see to invalidate your call. So suck it up, and let it ride

>>54343068
Heh, made me kek. Nice one, anon

>>54343025
28600
>>54343038
I have the SL set at 25% loss but I am already 5% in loss. Going to go to local liquor store soon

>>54343090
28600 is your stop? I mean, it's possible we'll see green that high but unlikely imo. Tip; use lower leverage and set your stops and tp wider- especially when you're looking for a big swing like I guess you're expecting off price/volume divergence. Ultimately, let your short ride. Don't pussy out and close for an early loss just before we trend down for a few days. GL

>>54343016
It is only taxpayer money, chud.
No one cares.

>>54343019
what this guys op >>54343074
btc is forming a consolidation symmetrical triangle pattern after upside price action accompanied with rising volume. this is textbook distribution and price will break to the downside when the pattern completes. manage your risk with a stop loss that falls within your risk tolerance parameters and enjoy the free money should the trade confirm your thesis. good luck op.

>>54342694
Thats good. fade the public, go against the grain.

>>54342844
>t. longed at 28800 without checking the stoch rsi

>>54343074
Thanks this gave me some relief anon
>>54343126
Thanks again for advice but I am in position where I need money as fast as possible that is why I am risking it all with 10x leverage. What would be sensible price target to take profit?

AHHHHHHHH THE 1S CHART IS DUMPING OP WAS RIGHT SHORT EVERYTHING

>>54343200
Glad I can help. Ok I think we will see 24k again within 10-14 days. Bobos will be euphoric. If you can close out at 25xxx to be safe, then go for it. You'll lose some in funding fees. I wouldn't go hard and fast to an arbitrary target though, maybe set 25300 or 25400 as TP but be prepared to close early if we get
>Massive volume spike
>Bart down not as far as your TP followed by crab
>Anything that makes you think bulls are back in charge. GL anon, I hope your trade is going well

>>54342833
>which means very very very short-term the price likely will go up
>test 28k
Good calls, you were right. It hit 27982. The 1H Stoch RSI is now rising. Looks like BTC can wick into 28k.

>>54342694
btc crash soon
the prophecy of the bart wills it

>1h now bouncing off upper Band
It's going to come good for OP

>>54342694
Why are you so dumb investing btc? Altcoins are preferable

>>54342694
just closed my short thanks

>>54343693
Although everyone has their own preferences and differences, I agree that altcoins are more rewarding. I'm holding solid alts like Coti, Magic Yearn, Zilliqa, Hbar, and Polygon. Bullrun is going to be massive anon.

>>54343242
stonks open in 30 mins and decides, your analysis is worthless

>>54342694
>global event or news causes momentary pump
good luck

>>54344015
Lol

OP check in, how's it going? Did we push through your entry yet? Are you in profit?

An actually good thread with helpful people. This is rare.

>>54342694
on a long enough timeline, even the luckiest gambler will go to zero

>>54342694
why short at the start of the bullrun ?

>>54342694
>shorted btc with 10x leverage with all my net worth

So you invested 100 bucks?

>>54342694
What do you think you're in for?
What do you think people that shorted BTC were in for in the past?
Do you think there are more people who are happy that they shorted BTC or more people that regret it?

I do.

You do too.

So why again did you short Bitcoin?

>>54342833
>>54343267
Perfect predictions. 28k has been hit and the 1H is now going down.

Right now the 1H, 2h, 3H and 4H are all going down. OP if he still has his short open should be seeing nice profits now.

>>54344550
Finally I am able to breakeven and even in the green. The screaming -5% in red just right after me placing the bet was horrifying
>>54344624
because I need fast money and possibly upcoming drop as foreseen from TA experts is great chance to double it?
>>54344643
Lol. I wish it was $100. I will not disclose the exact amount but let me tell you that I am obviously over invested and shitting bricks at this point hence making this topic on 4chan biz and asking opinions of other bizraelis. I am not that well off like some anons are so the amount is irrelevant here but it means a lot to me at this point
>>54344679
I want to believe that I am in for a quick 1.5x or more

>>54345047
I think he's abandoned thread, he said he was going to liquor store. Look at the 1d and tell me if you think he should keep his short open

>>54345084
Lol welcome back OP, glad you're still with us!

>>54345094
I am still here slurping drinks but the captcha is hard to solve for me even when adjusting the lever so it takes me a while to reply. It takes me a hwile to get it right

>>54345161
Are you still open? Post TP/SL/entry/liquidation prices
You are playing with fire btw, we have a classic bull flag on the 1D. Absolutely no volume in the “dump”. Nobody is foolish enough to sell at the start of a bull market.

>>54343242
>keeping a 10x leveraged short open for 2 weeks
Thank you for your sacrifice.

>>54345094
Based on the 1D yes he should keep shorting. But of course on the hourly timeframes it can reverse and pump back to 28k or so. But as I said right now all the hourly timeframes are going down. The 4H especially looks very bearish. The 3H and 2H and 1H also bearish (going down right now) but look closer to being able to turn upwards than the 4H.

>>54345268
Check the volume. You are telling him to short a textbook bull flag based on a Stoch RSI that has spent 75% of its fuel with no dump whatsoever.

>>54345347
Also bearish divergence on price/volume, but go off Mumu

threads like these are made by poor paycheck to paycheck poorfags who put some pocket change like 2K as their "entire networth" becaue they need to pay rent in a couple of days lol

>>54345444
It *is* almost the first of the month… still, funny to watch such threads.

>>54345397
I guess we’ll see who’s right. I would not be betting my life savings against this bull flag though.

>>54345511
Checked. Yes, I will issue a full apology to you and OP if we pamp to OPs liq price before we kick around low 27 and even high 26. That's why we have SL, because high conviction trades are more likely we have hidden bias. Still, good analysis of the RSI being spent- must admit I missed that one, was looking at bband break down, volume / price and horizontal supports only

>>54342694
>>54343686

>>54345511
it was no bullflag you retard. IT WAS A GOD DAMN MOTHERFUCKING TRAP

>>54345781
Until it goes below 26500 it’s still a bull flag.

>>54345845
cope

>>54345576
The MACD’s convergence on 1D has also seen nearly no dump. If bears can’t pull it off by this weekend we are going past 30k by mid April easily

>>54345877
You sound like you’ve lost a lot of money… be patient anon. Plant your seed and let it grow.

>>54345904
nah mate, im just here to make fun of your retarded predictions and delusional "analysis"

OP, do you feel euphoria yet?

>>54345990
What’s so delusional about it? You still haven’t said.

>>54346047
The rush is fucking boiling lol. Literally feeling like the wolf of wall street. I am over 20% in green now. Do i let it run? No signals of dump stopping? I don't want to go on emotions rollercoaster like a women

I wish I could reply to all inputs here and add something constructive to discussion but I am literally low IQ anon who knows only how to ape and can't read the chart

Hey guise, remember how we never manage to make a /ctg - crypto trading general/ thread last longer than about 30 minutes before it depends into mindless shills hawking their scam? We just managed it for a quarter of a day, and all it took was OP to go all-in against the macro and ask for advice. Good job guise

>>54345347
>Check the volume
Bearish. Falling volume + Rising price.

Stotch RSI on hourlies + 1D = bearsh
Volume = bearish
hence it's dumping

>>54346203
Idk man, close it maybe. 20% is good for a few hours' work. Up to you. I'd want to keep it open a bit longer but I don't know if I'd have the balls to

4H, 3H, and 2H are still bearish btw, they're going down. Keep an eye on the 1H though, it bottomed right now. Could stay bottomed for a bit, yes... but keep an eye on it.

>>54342743
>>54342833
>>54343267
>>54345014
>>54345047
Another easy victory for Stoch RSI users. Everything these anons said was correct and happened. Beautiful.

OP is an insider. He knew about picrel.

It's joever. We're going to 15k

>>54346203
>>54345845
I’d close it if it fails to break 26500

>>54342694
HOLY SHIT IT WAS REAL AND INSIDERANON JUST GOT RICH. THE SYSTEM IS RIGGED!?

THE WINNERS (high IQ TA users):
>>54342694
>>54342721
>>54342743
>>54342833
>>54343074
>>54343267
>>54343312
>>54343514
>>54345014
>>54345047
>>54345781

THE LOSERS (low IQers and TA haters and Stoch RSI haters):
>>54342703
>>54342711
>>54342844
>>54342876
>>54342963
>>54343030 (projection!)
>>54343693
>>54343713
>>54344015
>>54344036 ("muh news, muh happenings..." lmao, one of those anons)
>>54344624
>>54344679
>>54345347

>>54346203
I'd be tempted to aim for mid bband on the 1D but just go with what you're comfortable with

>>54346267
I will soon be at 1,5x Isnnt it going to dump mor r now than expected now with binance FUD news? or I am getting greedy now

>>54346595
lmaaaao, binance and CZ sued + stonks dumping, muh stoch RSI

insider posting on 4chan is super cringe bro, take a nap Satoshi

>>54346630
>lmaaaao, binance and CZ sued + stonks dumping, muh stoch RSI

>>54346629
Get out you greedy count. You will remember this moment in two days if you don't close this.

>>54346629
Bouncing off of 26500 like I said. I’d say if the 15min closes green then close your position, or at least DCA out.

>>54346665
Cunt*

Close the short after you get a 2x

>>54346651
peabrain is looking at one indicator and thinking you're doing any analysis at all

>>54346665
You might be right. The 1 hour Stoch RSI has bottomed so there will be a small pump soon, or it's already happening. But the other hours still look bearish as it the daily so it will continue dumping after the small pump -- still though I would close just to be on the safe side.

>>54346721
>t. retard who can't comprehend something so simple as stochastic rsi

>>54346651
cope

Fuck it anons I think i am just going to leave it as it may be my chance to finally get ahead in life financially

A 2x is more likely at this point than getting liquidated just saying

>>54346762
>cope
lmao, all the bears in this thread who used Stoch RSI and others indicators were 100% correct. Meanwhile you're sitting there pulling your hair out and biting your nails because anons with higher IQ than you had the mental capacity to look at the chart and thereby knowing in advance what would happen. It makes you angry.

Picrel is you.

>>54346771
27k accepted as we speak. Hope you closed OP. Tell us what you did, I’m curious.

>>54346841
Its still running

>>54346841
>27k accepted as we speak.
Related: >>54346738
>The 1 hour Stoch RSI has bottomed so there will be a small pump soon, or it's already happening.
Like clockwork.

>>54346770
That's pure greed talking

>>54346770
Good man. Scared money don't make money. Just move your stop limit down to make sure you can't lose money on the trade, and see where it goes. Like I said earlier, I'd be targeting mid 25 or mid band which is about 25400, but appreciate it's all your risk and none of mine, so do whatever you're comfortable with. In happy for you, anon! Good trade

>>54346857
Close half at least dude. The 15min is screaming we bottomed. Open again at 26450 if it goes there

>>54342694
post position or fake news

Peak entertainment on /biz/ is brainlets losing their minds over Stoch RSI and seething against it, and resorting to "muh news" & "muh happening" cope every time.

I'm gonna add this thread to my watchlist while I go have a nap, i'm vested in this OP, kek. Can you tell us what your total profit is right now? Godspeed regardless anon.

>>54346951
This, give us more details OP. Fun thread

>>54346857
just close it bro, youre shorting during a bear market rally, which is designed to liquidate leverage users

>>54346902
Yes. The 15m Stoch RSI is indeed heading up, now at 25-14 points. The 30m is exactly bottomed, 0-0, as of writing.

>>54347013
You can also see the 3 failed 15min Stoch RSI predictions just before this one, including the one just before this dump.

>>54347072
> "3 failed 15min Stoch RSI predictions"
>resorting to making shit up
There are no such posts.

>>54342694
Dumb move but I reckon you'll make it. BTC should hit 15k, good chance of 9lk too.

Watch the fuck out man. This is the 1H right now.

>>54347118
Not talking about posts, I’m talking about the chart. It had 3 unexpected reversals on the 15min Stoch RSI. If you’d traded solely on 15min Stoch this latest dump would’ve fucked you.

>>54347138
Look at the 1D tho, and look at bearish divergence on price/volume. Sorry to sound like a broken record, but OP has just caught a local top through combination of luck and good judgement, and now he's risk free. Why would you close out now when the longer time period looks worse than the shorter one?
>>54346770
You did move your stop, right?

>>54347280
Yeah the dumpage will undoubtably resume later but with the 1H like it is it will probably pump first. Could pump so much it undoes the gains OP has made, maybe even liquidating him.

The world must be coming to an end, I'm learning useful things in /biz

PSA for the thread: we are poompan

>>54342694
Just another retard. Well, I'll keep buying low caps like ORE, VRA and HBAR while you short BTC.

OP is quiet… is he regretting not closing like we told him to? Imagine if he’d closed and then opened a long.

>>54347479
are you that bullbrained that you thinks this is a pump? you people will really never learn

>>54347479
Yes, that 1h doji looks classic reversal doesn't it. But I'm still not seeing any reason for him to close yet, just set a TP, move his stops down, and see what hits first. This could be a relief rally, and China then wakes up to continue the doomping

>>54347501
On OP’s timescale this is absolutely a pump. On my timescale this is merely a continuation of the bull flag on the 1D.

>>54347527
I still think this was the right move:
>>54346902

>>54347546
It's never a bad move to take profit. That's why we're all here right? Again, I guess time will tell. I have a target but no idea if I'd have resisted the urge to close at 26,600

OP here yes adjusted SL to brekanven thanks for heads up anon
I am leaving it. Again not sure what i am signing up for. At least its risk-free now but i can admit its hard watching profit vaporize in matter of minutes

>>54348012
That’s why you close at 26600 and reopen at 26450. If it breaks the resistance we are going waaaaay down and that $150 gap won’t be missed. If it doesn’t break, you sold the bottom.
>>54348016
We’ve all been there bro.

>>54348147
>sold the bottom
Closed your short at the bottom. You know what I meant.

Retard. Time to lose your life savings.

>>54342694
You're fucked. Tether is designed to confinscate leverage trades. All exchanges and tether are owned by Bitfinex.

>>54348964
>>54348932
Read the thread, he came out okay.

>>54342694
Nice thread.

>>54346738
>>54347138
You were right about the 1H, it pumped. Man, the power of Stoch RSI.

OP must be pretty comfy rn. Look at 1h and ask would you buy this? I would absolutely not. He's risk free and the chart looks like shit. More pain coming which mean profit for OP. Godspeed you crazy degen

I also shorted BTC and waking up 10x per night to check the price. Every time BTC goes above my entry price, I can't sleep.

>>54342694
Liquidation loading...

The market is never easy
It'll make your stomach queasy
A scamwick is all that needs to be
yo

>>54350094
>Volume falling
>Bulls barely protecing 27000
Post long, if you're so sure

The 1H Stoch RSI looks somewhat bullish and the 2H looks neutral now but looks like it could begin going up. If it pumps and OP survives the pumping he should get his profits back when it begins dumping again. But it's impossible to say how much it will pump. I think he should've closed at ~26750.

Just to keep anons updated I exit the short at 35% roughly profit. May regret this later but swinged it all into arbitrum coin short at slighly lower leverage. We will see how smart or stupid decision I did

>>54342694
is your net worth $80 dollars?

i am bearish too but 10x is asking for it.

>>54350462
Thanks for the update. It's been a wild ride. I can get some sleep now, next time use a system where you know your entry signal, your SL, TP, R:R and then stick to it. GL anon and thanks for the entertainment

>>54350462
Nice tidy profit anon congratulations. I’d open another short at 26450 if this is all as bearish as everyone seems to think.

>>54350462
Congratulations anon but in a few months time you'll look back and regret that you opened a 10x short on the literal top of the bear market rally. You could've closed it when it when it tests a new bottom, but you didn't want to take the risk. Understandable, but remember this post later on.

>>54350462
opening a long just after closing a short adds unnecessary risk.
let it cool off. you are running hot, thats why you entered a long just after.
you are greedy at the moment.

>>54350525
yes open another short where the temporary bottom liquidity is, very smart. never trade with leverage

>>54350673
Yup he's overtrading and going to lose it all. Well, easy come easy go

>>54350689
arbitrum can easily go down to 6.30 or more. in any case, where bitcoin goes, so will some random shitcoin. especially now considering the bank fuck ups.

>>54350518
Thank you too for all insights and confidence, god bless you anon and good night.
>>54350525
Thanks, noted. I am currently in arb short, I believe that is a good bet for a current short.. Hopefully.
>>54350619
Thanks
>>54350673
I think you misunderstood me anon. I went short on arbitrum token, not long. I am up almost 30% now on that trade

I am definitely saving this thread as pdf to go though again for future trading reference. Much valuable infrmation shared by few anons there so thanks to all from bottom of my heart. We will all make it!

The arb short swing worked fine. I successfully 2x my portfolio today. What a day

>>54342694
You are all wrong, 31k by 31st

Okay, so here's my plan.
Sell off all my BTC now since value is going to drop soon, wait until the bottom (will probably be ~18k), buy back in. Then ride the waves to 30k.
I think this will work.

>>54354131
i was thinking the same thing but idk

>>54354131
>the bottom
oh?

>>54342694
should have done that after the 30-40k
you're a moron, both technically and fundamentally

The 4H Stoch RSI now turned bullish.

>>54345094
I think at this point, possible reversal might be the watchword now. I've done all I can do today by making a few bucks shorting. Currently watching a possible out look while trying to mint a few NFt in BSV and magic yearn. Wish dumbasses hoe the best, believing we would see sub-15k again.