Member Info for misterbeck

Xenor, I started off making similar mistakes too.
Now I always buy or sell in tranches, on the way up to bank profits and on the way down to protect against severe losses.
And always keep dry powder.
But must agree its just as difficult to decide when to top slice a profit as it is sell out to cover your losses.

Sky rockets in flight
Afternoon delight!

Don't think so barnet. The forecasts are that Bitcoin will be flat-lining or staging a modest recovery for the rest of May and then heading north bigly around 1st or 2nd week in June.

Yep bought the dip at first attempt with BTC at around $31k and ARB at 102p. Amazing to watch the numbers toppling down. Scenes. Watched with mouth open and almost paralysed to do anything, but managed to hit the buy button at what I thought was close to the bottom. Could have been wrong but luckily the TA worked for me this time. Almost top sliced again at 118 and then just walked away from the screen at 4pm. Nice surprise to see SP at EOP.

haha. I can't unsee that image now!

Indeed. Managed to get a larger chunk at 102p. Cant really see BTC falling much further BTWTFDIK please DYOR.

Little chunk at 105.7p. Which was noice.

FireAnt you could be right...

I refer you to this article, its gospel but decent guidance I suspect :
https://markets.businessinsider.com/currencies/news/bitcoin-ether-price-support-levels-downside-technical-analysis-btc-eth-2021-5-1030442270

I do have dry powder, and I will add when the time is right.

$38k is too high and weak support. $32-34k is the major support.

that's a blow. another false dawn.

Stong rebound incoming Pearls. Bullish lol

Because approx 80-90p correlates with the BTC retracement to major support around $34k. Cant see it falling below that.

Buy in tranches. Set small buy limit orders all the way down to approx 80p

No need to rush to buy in at open. This correction has further to unwind. BTC likely to drop to $34k and stay depressed until end of May before rising again in early June.

think you are being a bit conservative there. seems we are entering 'capitulation' stage now.

The people who trying and accuse sellers of 'weak hands' and go on about 'accumulation' when the price goes down are usually the ones who end up sitting on ever increasing losses.
Has anyone ever been smart enough to sell on a high and then buy back when the correction cycle is near completion. You might end up with twice as many shares.
TA usually plays out in the end.

https://markets.businessinsider.com/currencies/news/bitcoin-ether-price-support-levels-downside-technical-analysis-btc-eth-2021-5-1030442270
"While this [$42,000] would be a natural place for bitcoin to hold, there are no signs of intermediate-term downside exhaustion yet," Stockton explained, adding that a breakdown below that support level "would put next support near $34,000."

The strong hands and smart minds are poised and waiting on the sidelines for the correction to complete. Then we can load up with cheap shares.

I will mostly be buying back in and lots more cheaper shares once this sell off has completed.
Major BTC support around the low 30s

Got a feeling BTC could tank overnight into the 30s...