Closed Bitcoin Trading

[Spectrespook]

My purpose is to share what I know about trading Bitcoin, marame kase dito may mga request kung paano mag start.

As much as possible I will share my entry/exit targets pero pang long term po ito and also my fund allocation. I will not encourage short term trade like day trading (masyado stressful po yon).

I am still LEARNING everyday since I started looking the charts and reading stuff related to cryptocurrency.

Trading is not for everyone, i am encouraging na mag accumulate na lang kayo nang bitcoin than trading. Bili lang pag bumaba and Hold it for the next two halvings (that's probably 4 years). Maliit pa lang ang total capital nang bitcoin compared sa traditional markets kaya may mga whales (yung may malaking bodega nang bitcoin) na kayang mag manipulate sa presyo nito. So better to accumulate lang nang accumulate pag bumaba, at doon mo na lang ibinta pag masyado na mataas or nagparabolic ang presyo nito.

Pero kung gusto mo talaga mag trade, tara sabay tayo. I will start a small fund (.05BTC) using my Bitforex account. Masyado maliit lang po ito but we're here to survive for the long haul.

Here is my referral link for my bitforex: You do not have permission to view the full content of this post. Log in or register now.

Ingatan po natin ang ating capital, take note dalawang beses na ako na empty yung account ko dahil sa day trading using big leverages. Ayaw ko na maulit yun.

I'm using perpetual contract sa bitforex, so im using bitcoin to trade at yung gains or losses ko is bitcoin rin (no fiat money involved).

To start, nag transfer lang ako nag Bitcoin from my Coins.ph to my bitforex account.

Sa mga trader dyan, share din kayo mga boss para may ma learn din ako at para sa lahat na gusto matoto.

 

[Spectrespook]

Yung presyo nang bitcoin ngayon is somewhere $6780/BTC sa bitforex. Try ko mag long entry (BUY) somewhere $6500, but pwedi ako mag adjust nito. Napansin nyo yung ascending triangle.


Also naka plot aKo kanina using investagrams, na save ko yung chart value.

 

[Spectrespook]

Tignan ko na lang ito mamaya kung ma hit yung target, pag hindi e adjust ko na lang (be patient lang tayo), iwasan natin ma FOMO (fear of missing out).

Yung initial cutloss ko is way below that trend line. Yung initial target price is somewhere that resistance sa $7700. Pero ayaw ko mag benta kaagad, kase pang long term tayo.

Yung entry ko is 20% nung total fund ko (maliit lang yan).

 

[Spectrespook]

Our goal is to accumulate more satoshis..wala tayo target dito na a certain amount (% gain) of BTC in a day or in a week. Tapos mag wiwí†hdráw..

Simple lang dapat gawin natin. Sakyan yung trend (longer trend)

For the long haul dapat iniisip natin. Hindi ito paramihan nang gains kundi paliitan nang trade with maximum gains..

Currently the price pump to $6997/BTC. But i am patiently waiting for it to retrace to my target price. As long as my space pa yan sa ascending triangle. But ready din ako mag adjust sa price just in case.

 

[Spectrespook]

I bought 30% somewhere in the vertical blue line below $6700/BTC when rsi hits the support line (red circle). Will sell half of it at $6790/BTC resistance level just in case bababa ulit ang price. The remaining BTC observe na lang muna and follow the trend. Existing pa rin yung target price ko somewhere $6500 up to $6600/BTC. Sell ko yung half kase di pa yan yung target entry ko, but observe lang ako mamaya what will happen.

 

[watiwew]

binenta mo na ba lods?

 

[Spectrespook]

I did long and short positions, so far i'm gaining boss.. update ko na lang to atleast my comment na. hehe

Anyway, I had my long position earlier somewhere $6500/BTC. Parang final support nang mga bulls.

Refer to the picture, yung may circle.

 

[Spectrespook]

Correlated pa rin sa traditional market yung movement ni BTC. Anyways, pag ma break yung downtrend upper resistance (upper red line). medyo kampanti na ako nyan. Naka set na rin yung cutloss area ko. Currently gaining more than 1% for now.

 

[watiwew]

observe lang muna ako kung paano mag analyze ng chart lods. Interested din kasi ako sa trading kapag makaipon na pang puhunan.

 

[lastking]

thank for sharing this TS

 

[watiwew]

Correlated pa rin sa traditional market yung movement ni BTC. Anyways, pag ma break yung downtrend upper resistance (upper red line). medyo kampanti na ako nyan. Naka set na rin yung cutloss area ko. Currently gaining more than 1% for now.

ayos lods laki na ng kita mo.7kUSD na presyo ng BTC ngayon

 

[Spectrespook]

I added and sold some, still holding my long position, at least above $7K pa cya for now and convincing then yung volume..But there is a possibility mag ranging pa ang price movement nito somewhere sa horizontal lines. Anything can happen, go with the flow lang ako nito.

 

[watiwew]

magkano ba lahat ng puhunan mo dito lods?

 

[Spectrespook]

magkano ba lahat ng puhunan mo dito lods?

For this specific account boss, mga .05BTC..maliit lang yan compared sa iba. Yung malaking percentage ko na bitcoin is naka hold lang, add or bili kung may pera.

 

[Spectrespook]

moving in sideways (ranging), undecided if weekly ma100 will be taken out soon or not yet..

Kailangan talaga you look at longer time frames before you make a trade. weekly, daily to four hour charts. For entry/exits I look closely at 5 minute charts.

 

[watiwew]

kapag 1W yung titingnan mo na chart lods mukhang tataas pa yung presyo at aabot ng 10k. pero kapag daily pababa na. Gaano ba katagal yung paghold mo lods?

 

[Spectrespook]

kapag 1W yung titingnan mo na chart lods mukhang tataas pa yung presyo at aabot ng 10k. pero kapag daily pababa na. Gaano ba katagal yung paghold mo lods?

Di ko masabi na tataas or baba cya boss, for me naka range pa yung movement nya esp ngayun na week end, lets see next week. Mag hold ako as long as possible dependi sa average entry price ko. I made some adjustments, I admit may mga times na di na napa follow yung plans ko, example taking profits selling 50% of what I trade when I see some resistance right away, instead of letting it play out and wait for my trail stop to hit. I am still learning, still making some adjustments on what works for me while following the trend.

I made mistakes on my re-entry price or selling too early, but I keep on learning... One important thing to keep in mind is to set a trigger cutloss price right away after your entry price.

At least nagka gains ako since I started from this account last April 4, but if I followed my trading plan I could have made bigger profits. Yung initial fund ko na .02 nag add ako for a total of .05BTC.

My performance: 10% total gain

 

[Spectrespook]

Commit, keep on learning and cut your lossers/losses early at a reasonable target.

 

[abinggwapo]

TRY KO LANG TO BOSS. BY THE WAY SALAMT

 

[watiwew]

Di ko masabi na tataas or baba cya boss, for me naka range pa yung movement nya esp ngayun na week end, lets see next week. Mag hold ako as long as possible dependi sa average entry price ko. I made some adjustments, I admit may mga times na di na napa follow yung plans ko, example taking profits selling 50% of what I trade when I see some resistance right away, instead of letting it play out and wait for my trail stop to hit. I am still learning, still making some adjustments on what works for me while following the trend.

I made mistakes on my re-entry price or selling too early, but I keep on learning... One important thing to keep in mind is to set a trigger cutloss price right away after your entry price.

At least nagka gains ako since I started from this account last April 4, but if I followed my trading plan I could have made bigger profits. Yung initial fund ko na .02 nag add ako for a total of .05BTC.

My performance: 10% total gain

View attachment 824515

nice one lods. Check ko lang updates mo daily para makakuha ng tips kung paano mag trade. Salamat