Sold all my crypto after 4 yrs

8

8675

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Mr Cachexic said:
You had the line placement quite good here because price has rejected


But in this moment pictured here that you posted.....what i would look for is a breakout of the trend line, then a rejection at the overhead number

The trade, at least from long side, comes when price backtests and holds that trend line breakout

96k would be the overhead line that i'd have before 100k. 96k would be your first profit taking target and then maybe hold some to try for 100k while moving the stop loss into profit


So like for this specific set up i would have been looking at an entry with the right confirmation in the 92k area....target 96k, hold some while moving stop loss to 93-94k and let it play out and manage stops behind pivot points as it goes

Now that its rejected you just move down and look for the same

The best breakout trades dont happen on that initial burst, its when you can enter on a backtest with a very quick and close stop loss

Best trades are the ones that you immediately can get out of if it doesnt "Do The Thing"

View attachment 319989
Click to expand...
An important nuance on why i would wait for a backtest on this specific setup

Because look left. Look where you're coming from.


This is in the category of "textbook breakout" so you must trade this with certain criteria and understanding of how the market makers kind of slink up in a zig zag to fill orders etc


If this were a Momentum breakout then you want to basically get in immediately when the first candle opens AND closes outside of the trend line...otherwise you will be in "No Man's Land" really quickly.

The most common every day momentum entry is like when the market gaps up or down....as soon as price makes a decision ON VOLUME that puts it in between the current session VWAP and the Price of Control from the prior session then either get in immediately or youre left in the dust

Its just all about putting together pieces of a puzzle and doing the things that you've seen the good traders do over and over
 
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8

8675

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My favorite thing is long term investing. Owning pieces of businesses. I miss the feeling of when me and my friends would listen to some of those old Tesla earnings calls and just giggle as the stock went up as Elon was talking etc


That is so much more fun.


I wish i could find something like that again


I used to get anxiety laying in bed sometimes knowing that i couldnt buy as much stock in Tesla as i wanted.

Thats when you know you are either going insane or have something special....when you already have your net worth in it but have anxiety about not having money to buy more

Some day there will be something like that again


Trading is a good skill. But it just is empty. Feeling like you are a part of something as an investor, owning something you know will be worldwide someday before most other people know it exists......that is the best
 
8

8675

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Bitcoin check in as we inch closer to the Fed announcement....

Pretty obvious textbook bear flag here. Pretty wide too.

It's about 2,500 wide....or about 14%.

The measured move of this formation is generally resolved to the downside, the target is the width of the flag.

So basically about 69k would be the measured target.....69k is the previous cycle high....

Notice "IRENE", as in closing below this number means Good Night Irene

A head fake and failure of this pattern would result in a measured move back to about 108k

So its a pretty big variable here right now as far as this move reaching a resolution

Be careful if trading this week. These Fed announcements make for some nasty ass head fakes that just run people over in a matter of seconds.....take profits very quickly and dont get greedy is my advice from experience of trading dozens of these Fed events

Screenshot 2025-12-09 1.03.25 AM.png
 
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8675

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Disregard the wick zone text on the chart.....that is no longer the character of the chart as you can see, i just havent taken it off yet because im slacking
 
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8675

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If you want to try something exotic on wednesday.....


at about 11am look into buying an At The Money long strangle on SPY or QQQ

So you buy a put at the money and buy a call at the money.....

Basically you take profits immediately on the first option that reaches 125% profit, lock that in and let the other ride....even if the other option expires worthless, you net about 10-15% on the trade by volatility arbitrage

make sure to buy the Friday expiration.....not the 0dte....i mean you can still get a good trade on 0dte, but buying friday expirees make it so your loser can become a winner on thursday/friday if the market head fakes and turns around
 
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8675

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Fed announcements might be the only time i would ever do a long strangle.....


if it works it is a massive trade. we're talking you netting 200-300% if the market swings hard enough in each direction
 
8

8675

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This is a trap.

Bitcoin is head faking the absolute shit out of people today.

This is just expanding the flag and a rejection and bottom side failure would be more than 14% measured move


This might get really nasty tomorrow :jj:

Or it could keep going up but i feel as though the odds of that are like 10%
 
8

8675

Member of Antifa
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Mr Cachexic said:
This is a trap.

Bitcoin is head faking the absolute shit out of people today.

This is just expanding the flag and a rejection and bottom side failure would be more than 14% measured move


This might get really nasty tomorrow :jj:

Or it could keep going up but i feel as though the odds of that are like 10%
Click to expand...
oh wow look it was actually a trap......





Anyways......everyone is either screaming "crash" or saying the markets are all going to kick into hyper mode due to the monetary policies

When everyone is like this, its important to just phase out that bullshit.

"we are the umpires calling balls and strikes" is what my mentor used to say. Your job is to be as objective as possible and an analyst. We trade as if we are outside of the situation looking in, try to think like the market makers not like the people who just bought Bitcoin at 94K a few days ago

Bitcoin is obvjectively in a downtrend. Bitcoin needs to test levels below where price is. Objectively speaking, you should not be ever getting excited in a situation where something is in a downtrend, takes a bear bounce and you buy at the fuckin high.......

Trading is very hard. Dont make it harder by listening to all this emotional shit.

Be a robot. Make decisions like an algorithm. Do not listen to people who have a narrative.

Notice how when i give market analysis i refer to the instruments as if they are a living thing, that is how you treat it. Its a dynamic breathing living organism......and its designed to trick you so you buy Bitcoin at 94K a few days ago


I am not a genius. I just know how to read the book without editing in my own storylines.
 
8

8675

Member of Antifa
Around
Mr Cachexic said:
This is a trap.

Bitcoin is head faking the absolute shit out of people today.

This is just expanding the flag and a rejection and bottom side failure would be more than 14% measured move


This might get really nasty tomorrow :jj:

Or it could keep going up but i feel as though the odds of that are like 10%
Click to expand...
The vertical red bar is Tuesday 1pm hourly candle

That was when i posted this

Called the top almost to the fucking tick :jj:

Screenshot 2025-12-14 11.39.06 PM.png
 
8

8675

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Erratic rips like this above, when something is in a heavy downtrend, like Bitcoin.....


That is not bullish. You are not supposed to see that and say "this has buyers stepping up"


It did not come into an important zone hard enough to bounce.....this isnt a bounce, this is an erratic rip that happens in bear markets.


THIS is what the old timers mean when they say "bear market bounces are harder than any bull market rally"

For every action, there is an equal and opposite reaction.....that is coded into the universe and we all agree.....this rip here was not an equal and opposite reaction.

This was the type of action you get when big institutions are buying their short positions and taking profits. This is not institutional participation buying type of character.

When the technicals break in a certain direction, you need to notice and be cautious. Something underneath is beginning to growl. Because that up move broke the technical chart and failed at the perfect number around the 94k zone.

This is the movements of a wounded animal trying to get up but stumbling.
 
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8675

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I am looking forward to getting past the holidays

Lock back in

Felt like i was just really getting the rust off and stretching my legs a bit, just started trading again in november after about 6 to 8 months break so i feel like im new again and always itching for market to open like old times

2026 going to be fun

Hard to believe this will be the 12th year of trading and investing....really my 7th true year though because 2020/2021 i discovered options trading and it opened my 3rd eye but yeah

Getting to be Unc status in this shit is weird

Its probably at the point where ive spent more hours on this market stuff than anything else ive ever thought about or done ...
 
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8675

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I bought Tesla and Palantir before everyone wanted to buy the next Tesla and Palantir


And im gonna do this again too.


Screenshot_20251225_202052_Robinhood.jpg
 
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8675

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I know whats cool before the cool kids know whats cool

The track record speaks for itself
 
Stew Nod

Stew Nod

DaveInDiego’sSister
8675 said:
An important nuance on why i would wait for a backtest on this specific setup

Because look left. Look where you're coming from.


This is in the category of "textbook breakout" so you must trade this with certain criteria and understanding of how the market makers kind of slink up in a zig zag to fill orders etc


If this were a Momentum breakout then you want to basically get in immediately when the first candle opens AND closes outside of the trend line...otherwise you will be in "No Man's Land" really quickly.

The most common every day momentum entry is like when the market gaps up or down....as soon as price makes a decision ON VOLUME that puts it in between the current session VWAP and the Price of Control from the prior session then either get in immediately or youre left in the dust

Its just all about putting together pieces of a puzzle and doing the things that you've seen the good traders do over and over
Click to expand...
You sir, should post more often
 
Stew Nod

Stew Nod

DaveInDiego’sSister
8675 said:
I bought Tesla and Palantir before everyone wanted to buy the next Tesla and Palantir


And im gonna do this again too.


View attachment 321097
Click to expand...
Ok! Explain to me why PLTR is shitting the bed lately? I’ve never owned it. Lately the way some stocks go up irrationally, while others sit in their own poop is baffling to me
 
Stew Nod

Stew Nod

DaveInDiego’sSister
8675 said:
I bought Tesla and Palantir before everyone wanted to buy the next Tesla and Palantir


And im gonna do this again too.


View attachment 321097
Click to expand...
I bought PLTR literally 5 minutes before market close today

Blowout numbers across the board

Ended up 8% aftermarket

We shall see. I may just take my gains in the AM

@xavier , not sure what MrC got banned here for, but can you please let him back in!?
 
Bantastic

Bantastic

If specified, this will replace the title...
dwizzlestar said:
BTC and ETH are going much higher. Believe! You could buy some and keep it in DeFi. I'm earning 21% on stablecoins at the moment with Wasabi....
Click to expand...
There are going to be next moments.

Shit you want action just buy some San disk

San Disk.
 
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