/biz/ - Business & Finance

>>57891028
that is the question

>>57891060
yup sure is, anon. It's either going parabolic upwards or downwards imo. That's what the TA says
>t. Professional TA analysis analyst

>>57891090
what do the fibonacci retracement levels say?

>>57891104
I believe we have reached a fibbannoci number of 1. This implies we can go up or down from here

>>57891028
You may want to DCA - sell small portions if you're expecting it to regrow this part.
Say you take out 1% - would be reasonable to expect btc will grow 1% in the coming days. Not sure if $150 can buy you anything nice where you're at, but you are now completely safe to take more risk on those $150 and open a leveraged position or dabble into shitcoins.

>>57891153
yeah this is correct

>>57891153
hmmm yes indeed... quite so

>>57891216
myes

>>57891164
Can you explain to me simply how leverage trading works? Is it like I guess BTC will go up in the next 7 days and I open a trade with 100x and if it does go up, I see 100x the gain, if not I lose the $150?

>>57891028
I'd sell 25-50% at 67-70k. There's a chance it can go to 100k, but I do not at all believe the people expecting 200k this bullrun.

Get a Bitcoin Puppet, it's around 0.17 BTC now.

Thank me later

>>57891249
Your $150 is held as a collateral for a $150x100=$15000 position. You get all the returns from $15000 position and assume all the losses (let's not get into comissions and such now).
If BTC goes up 1%, you get gain as if you traded 15k, not 150. If it goes down, you lose your whole position. If it doesn't go down full 1% your position may be force closed by the exchange if the collateral becomes too small. Usually it will mean your position gets force-closed when you lose around a half.

Also don't do fucking 100x if it's your first ride. 10x will be nauseating enough. And I wouldn't recommend going 100x on anything that's not BTC or ETH, because even with them volatility is to high. I've made some very small hail marys before the previous ath and at some point saw a +200% position melt down in a matter of seconds.

Also you should know that these positions are better used for a short time, as if you, say, leave it overnight, you get additionally fucked with interest payments.

My poison was 10x SOL, then I started dabbling in various grid and dca bots, those things work much better with careful application of leverage.

>>57891028
ok bro, there is your strategy.
0.2 btc hold for long term
0.03 buy and sell altcoin for btc trying to have some profit in sats.

Just stop looking at price every second and go on stroke da dick

>>57891028
is a good question, the most difficult thing in these cases and to make good decisions. If I were you I would sell and buy altcoins like $ADA, $ETH or $SUPER.

>>57892948
the only reasonable answer among all the above faggots