Australian (ASX) Stock Market Forum

Bitcoin price discussion and analysis

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moXJO said:
Gfc was fantastic both the years before, during and straight after.
Personally I only get interested in stocks when a black Swan comes along these days.

I'm always interested in systems people are using. I usually pinch bits and pieces.

I usually set price targets if I want out to roll into something with more potential to xbag.
Click to expand...

im going to explore some really basic trend following systems soon. i'm pre-occupied with a few projects. though new highs/lows is simple. even just a new yearly high. can't get more simple and yet tends to provide good returns in most markets.

sounds like you are more of a pullback and/or swing trader tbh. I do like the pullback style.
 
Last November, i added 8k in my trading btc account, just widrawn that amount tofay and still have the same amount left to play with btc there.
Amazing.doubling in 2 months and i just did a few in out to leverage the volatility.
Like free money, a QE for the commoners ?
 
qldfrog said:
Last November, i added 8k in my trading btc account, just widrawn that amount tofay and still have the same amount left to play with btc there.
Amazing.doubling in 2 months and i just did a few in out to leverage the volatility.
Like free money, a QE for the commoners ?
Click to expand...

You are witnessing the birth of a mathematically secure new asset class that is entirely neutral in the long term and uncorrelated with anything in existing financial markets. This is a once in a generation opportunity to get in on the ground floor. Like investing in Google or Apple in the early days.
 
Well done @qldfrog on setting up the free carry. You managed to resist the urge to HODL?

@verce I tend to agree there is an inflection point happening that will be pointed to when we look back a decade from now.
 
kenny said:
Well done @qldfrog on setting up the free carry. You managed to resist the urge to HODL?

@verce I tend to agree there is an inflection point happening that will be pointed to when we look back a decade from now.
Click to expand...
I own some BTC on a separate system.
This was a little play coming far too late as i decided to buy more and waited due to personal busy time,
by the time i logged and bought the first bits of btc, it was already much higher.
Now i got the money back and will put the 8k remaining into btc again at the next slump.
 
qldfrog said:
I own some BTC on a separate system.
This was a little play coming far too late as i decided to buy more and waited due to personal busy time,
by the time i logged and bought the first bits of btc, it was already much higher.
Now i got the money back and will put the 8k remaining into btc again at the next slump.
Click to expand...

Or short it on the way down? ;)

I hope it works for you a second time!
 
Joules MM1 said:
40k sell the round number


one small step for hodls
Click to expand...

I can see some selling pressure around the 40k mark. Having a look at my chart (4H) there is a big doji on the last candle. Buyers still kept it up, but in the current candle it looks like sellers are gaining a bit more ground. I would hazard a guess that people see 40k as a big resistance and are wanting to cash out some profits. Probably some consildation around this mark as people will wait and see what happens next.

I got in at 27k and my SL is now at 31k. Interested to see how things go from here.
 
Looks like BTC broke through the 40k mark.

My chart (4H) on MT4. (Green horizontal line is my buy, red horizontal is my current trailing SL).

1610104837957.png
 

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