USD/IDR was good for withdrawal when it was above 16K per dollar 😁
Per our assumption, it will definitely go back to 16K. We'll see...
Trying to catch the next sentiment. For now, nothing is interesting for our preferred time frame.
MPOX? CPI? Election? What does Q4 have in store for us?
As you know, we are swing traders who hold positions for several days, still looking for trades that match our criteria. Currently, we’re watching SEI and JTO, but we’re also considering their correlation with Bitcoin, so we need to monitor that as well.
What’s on your watchlist?
Text book interpretation:
1. Pada time frame dimana LH terjadi, seringkali artinya sedang mengalami down-trending, (tapi tidak valid apabila dilihat dari time frame lebih besar, dengan metric price level yang berbeda tentunya), dominasi seller dan menjadi cikal bakal top level.
2. Meskipun dominasi seller dan buyer masih lebih besar persentase seller, dan buyer juga belum yakin apakah mereka akan lanjut akumulasi atau tidak, satu hal yang pasti, moment seperti menanti sentimen tertentu. Bisa positif dan bisa negatif. Jadi secara price action, cenderung netral (60% negatif. 40% positif).
Lalu, berlanjut, kepada kumpulan sentimen yang akan datang yang perlu kita ekspek, untuk mengkorekasikan dengan pergerakan price action, apakah positif, atau negaitf.
Last post was june, off like 2 months
What 2 months did to $SEI? Trendline is currently broken.
Ketika lo trading dan liquidated, berhenti trading untuk sementara waktu untuk meregulasi psikologis (2-4 minggu minimal). Revenge trade kadang works kadang nggak. Tapi seringkali nggak logis dan dipaksakan.
Analisa kesalahan dan restart conviction.
Masukan ini datang dari teman-teman yang sudah sering liquidated di awal-awal perjalanan trading mereka, hingga sudah tidak pernah lagi terlikuidasi (alokasi hangus semua). Stop loss dan cut loss sangat boleh, tapi ketika alokasi futures sudah menipis, berhenti dulu.
Rajin withdraw juga salah satu masukan. Jadi worse case scenario, alokasi futures kita terlikuidasi, cash kita di rekening tetap ada dari profit yang pernah dilakukan. Jangan all in selalu putar 100%. Kalau investasi (spot atau stocks) boleh, tapi ini futures trading. Cuma butuh 1-2 kesalahan dan semuanya hangus.
Lo mungkin pernah mendengar warren buffett, peter lynch, jesse livermore, george soros, dll yang berhasil dalam skala superbesar dalam periode waktu tertentu.
Namun, perlu di ingat, trading adalah zero-sum game. Ketika seseoran menang banyak, maka ada orang-orang yang kalah. Bahkan 80% traders kemungkinan besar gagal.
Bukankah tetap mempertahankan alokasi itu adalah kemenangan?
Heard that bazinga is legit.
CA: C3JX9TWLqHKmcoTDTppaJebX2U7DcUQDEHVSmJFz6K6S
at your own risk.
We have cut off the short position and are now relying only on this public position.
So technically, as you know, we’ve realized a -$838 loss and have less than a -$500 floating loss. Now, if $BLUR achieves $0.55, then we can cover the loss. The liquidation level is $0.25, so between the TP target and liquidation level, it’s a 1:1 risk-to-reward ratio. Pretty bad R:R, but let’s see.
The thing is, if Bitcoin doesn’t hold the trend, since BlackRock and Fidelity’s Ethereum spot ETF in August will be just bullish AF, what about in between now and then?
We still have half of June, July, and September. Meanwhile, the historical Bitcoin price in each month…
Читать полностью…Realizing 2/3 of the loss, 1/3 is still unrealized. Currently rekt around -$800. The math is simple now:
1. The public account only has $2,300, with a realized loss of about $800. So, floating with $1,500 now. The liquidation level is around $0.25.
2. If the Binance position achieves $0.30, then it covers the public account with even a +$200 profit, and there are still crumbs left if the Bybit position closes. Maybe we can get around +$500 in total.
The question is, what if the end short target never achieves and we have to cut the TP of the short position?
Then it’s still fine. If $BLUR achieves $0.66, we will get around $2,500.
The tricky part is if both targets never achieve, or if we are not patient enough.
The $BLUR DCA is driven by ego. We can just cut the loss and not actually lose anything, just wiping out the last $MYRO profit.
Читать полностью…$MYRO daily close is kind of good here if you are going to make an entry with low leverage.
Читать полностью…Try using another exchange or even a hot wallet to trade on DEXes.
For CEX, we mostly use the top three like Binance, Bybit, or even Bitget. But for hot wallets, there are many varieties out there. Pick one with lots of integrations. Metamask, Trust Wallet, and Bitget Wallet are among the few.
For those who haven’t signed up the alternatives, for Bybit or Bitget:
bit.ly/daftarbursa
bit.ly/tradingbarengsc
$JTO was one of the successful trades we had a few weeks back. Now, we're watching these three scenarios with 'if-else' assumptions. The direction is as drawn on the chart
Читать полностью…All of the allocations until now have been part of our profit. So, never follow us blindly. Even if we lose this allocation, we’re still green overall.
Let’s get rich or rekt and still have fun!
Warren Buffett cash reserve is 1/4 of his portfolio. Reserve cash for crash. Cash is bullet.
Читать полностью…If you are screening alts, most of them are in bearish momentum, with many even making new lows. It’s crazy how TradFi money isn’t pouring into alts after Bitcoin reached new ATHs for several weeks. They are really keeping their risk/reward conservative.
Looking back at my last few trades, I see $BLUR is back at its low.
Postingan terakhir tentang Bitcoin itu di 26 May, 2024. Semenjak itu Bitcoin hanya turun sekitar 8-9% hingga saat ini. Meskipun ada beberapa pergerakan signifikan.
Sedangkan di alts, pump fun, sun pump, gamecom, dan platform sejenis, jadi tempat favorit likuiditas untuk berjudi di micin-micin dengan kemungkinan berhasil sekitar 1-2% berbanding dengan total micin yang di create. Jadi, ini yang benar-benar disebut cacing-cacing, naga-naga. Kalau lo, namun 1-2% itu bagi beberapa orang , jadi kisah sukses mereka karena bisa flipping beberapa ratus dollar menjadi beberapa puluh atau ratus ribu dollar dalam waktu singkat. Bagi mayoritas lainnya, mereka adalah likuditasnya.
Pattern sedang berjalan di Bitcoin, dengan menciptakan sideways dengan lower high dan lower low 3x berturut-turut dalam kurun waktu 24 minggu atau sekitar 5 bulanan.
Let’s see if we can get the $2K back. We need it to reach a $30 million market cap; then we will return to futures trading.
Читать полностью…The short position is already closed in profit. So the loss will no longer be -$838. But let’s keep it that way in public.
Читать полностью…High leverage trading is hard to manage. It doesn’t rely on management; it relies on momentum, timing, and precise information on low time frames.
Small leverage trading relies on the management of the margin of error.
Even so, both are not easy.
There are many factors to consider, such as allocation, buy and sell levels, spontaneous sentiment, and mentality.
What you know and what you do are two completely different things. That’s when the bias kicks in:
1. When you know things but don’t have the guts to do it.
2. When you have the guts, but have to discipline your actions and stick to the plan.
August and November are the months when we can long again. Between now and then is tricky. We’ll see.
Mistakes to Learn From:
1. Should’ve made a limit order instead of a market order.
2. Didn’t hedge short on other exchanges, even though it was obvious the price was struggling.
Options for What to Do Now:
1. Add liquidity and expect the funding to cool down with minimal potential downside impact.
2. Cut losses and stay out of the market for a few days.
3. Continue DCA-ing, which has already been done.
Actions:
3. This is the priority because as long as $BTC maintains the $66.8K level, it’s still okay for alts.
1. Same premise as 3.
2. If $BTC drops below $66.8K, it will severely impact our position.