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Day Trading vs. Swing Trading vs. Position Trading 86 replies

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Techknow Trading

  • #101
  • Apr 1, 2024 10:24am Apr 1, 2024 10:24am
Nas100 gap filled nicely
TechKnow
  • #102
  • Apr 2, 2024 12:23am Apr 2, 2024 12:23am
Alrighty, all done moving now, so I'm back. It looks like BTC has hit target 1; next targets are 61, 57, and finally, 51. I will re-evaluate at 57, though, so as not to get involved in any other giant waves. I hate trading bitcoin but it does eventually follow the rules if you can stand the waves.

65656 is extremely strong support id expect wiggles in this area
TechKnow
  • #103
  • Apr 2, 2024 1:49am Apr 2, 2024 1:49am
Quoting Techknow
Alrighty, all done moving now, so I'm back. It looks like BTC has hit target 1; next targets are 61, 57, and finally, 51. I will re-evaluate at 57, though, so as not to get involved in any other giant waves. I hate trading bitcoin but it does eventually follow the rules if you can stand the waves.
had a feeling this drop would come, I didn’t back it though . Just not sure how low this will come now. Halving is coming up soon so I can only imagine the that the whales want to come in on the cheapest price possible so that they can ride it up to the new ATH.
  • #104
  • Apr 2, 2024 1:57am Apr 2, 2024 1:57am
Quoting Markyboi
{quote} had a feeling this drop would come, I didn’t back it though . Just not sure how low this will come now. Halving is coming up soon so I can only imagine the that the whales want to come in on the cheapest price possible so that they can ride it up to the new ATH.
That's okay, buddy; this thing is going to present about 500000000 more opportunities. So it is best to back the ones you are the most sure of. Halving is coming soon, so it is wise to keep that in mind and not jump in trades you cannot protect. I think this wave structure will end around 57.
TechKnow
  • #105
  • Apr 2, 2024 3:12am Apr 2, 2024 3:12am
Quoting Techknow
I will add off the 15-minute candle with a stop below as my first attempt, and then I'll wait for the hourly. A more conservative approach would be wait for the hourly
spot on with this, just like bitcoin last week. Filled the gap and straight back up there.
  • #106
  • Apr 2, 2024 3:18am Apr 2, 2024 3:18am
Quoting Markyboi
{quote} spot on with this, just like bitcoin last week. Filled the gap and straight back up there.
My man! Just keep observing, and eventually, you'll see it on your own every time, and you will always know at least one way to make money. 90% success on those trades.

So guys, be careful about the forums; just scanning these things like the Bitcoin forum, we have a guy calling for 300k over the weekend, and when it didn't get close, he said 345k by later tonight; he made fun of me for calling the diamond formation perfectly, disrespectful at best . These people are chaos; do not follow people that you can not see their records. They are lying to you.

Anyway, bitcoin diamond top never invalidated over time; now Channel break confirmation. All is going as planned with BTC; it's just a gnarly beast, though. These wave structures are huge.
Attached Image(s) (click to enlarge)
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TechKnow
  • #107
  • Apr 2, 2024 4:53am Apr 2, 2024 4:53am
Good did not like that 2265/66 area at all did it?
  • #108
  • Apr 2, 2024 5:17am Apr 2, 2024 5:17am
Quoting Markyboi
Good did not like that 2265/66 area at all did it?
I dont think itll be too serious, not enough resistance here just a baby double top, but i have been wrong before.
Attached Image (click to enlarge)
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TechKnow
  • #109
  • Apr 2, 2024 5:41am Apr 2, 2024 5:41am
Quoting Markyboi
Good did not like that 2265/66 area at all did it?
Remember were in pretty new territory so the moves will not be stable, they will look erratic.
Attached Image (click to enlarge)
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TechKnow
  • #110
  • Apr 2, 2024 5:54am Apr 2, 2024 5:54am
Quoting Techknow
65656 is extremely strong support id expect wiggles in this area
It’s flirting with it currently.
  • #111
  • Apr 2, 2024 7:09am Apr 2, 2024 7:09am
I would expect correction here, AKA wiggles.

Quoting Techknow
I would expect correction here, AKA wiggles.
Watch for 68023 to not be invalidated before resuming down.
TechKnow
  • #112
  • Apr 2, 2024 7:27am Apr 2, 2024 7:27am
Quoting Techknow
{quote} Watch for 68023 to not be invalidated before resuming down.
why 68, can you see a gap?
  • #113
  • Apr 2, 2024 7:33am Apr 2, 2024 7:33am
Quoting Markyboi
{quote} why 68, can you see a gap?
Wave structure, if I'm right, it can't invalidate that level. Up for interpretation, though, it doesn't change my bearish stance, and will continue to add any chance I can
TechKnow
  • #114
  • Apr 2, 2024 7:34am Apr 2, 2024 7:34am
Quoting Techknow
{quote} Wave structure, if I'm right, it can't invalidate that level. Up for interpretation, though, it doesn't change my bearish stance, and will continue to add any chance I can
It could continue down without correction, but if we do correct those are the parameters I am banking on for now
TechKnow
  • #115
  • Apr 2, 2024 8:26am Apr 2, 2024 8:26am
Quoting Techknow
{quote} It could continue down without correction, but if we do correct those are the parameters I am banking on for now
Next big support comes at 62k if I'm not mistaken?
  • #116
  • Apr 2, 2024 1:53pm Apr 2, 2024 1:53pm
Quoting Markyboi
{quote} Next big support comes at 62k if I'm not mistaken?
Yes sir, so if you scroll up a bit you'll see the 61-62 zone rectangled on my chart, thats the next area of support im looking with a little..kick to it.

Account update: Drawdown has moved to about 5-6% about 5% under my preferred working DD (working DD 10%) so I will start to find other positions to add into the fray. As mentioned prior I like to keep the DD low because you never know when you are going to the that one trade that is going to be a huge winner.
TechKnow
  • #117
  • Apr 2, 2024 4:32pm Apr 2, 2024 4:32pm
Looks like someone got fed up with random screenshots in the gold room and called someone out, I have all the popcorn ready.
TechKnow
  • #118
  • Apr 3, 2024 1:17am Apr 3, 2024 1:17am
Late start today here in Thailand. Looks like everything is going according to plan today. Not much to do but wait at this point. Zzzzzz
TechKnow
  • #119
  • Apr 3, 2024 3:09am Apr 3, 2024 3:09am
Checking into gold right now, we may be building a wedge here to finish off this wave structure. This is just an observation nothing is confirmed but good to keep an eye on. Ill be in for one more long to 23xx soon
Attached Image (click to enlarge)
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TechKnow
  • #120
  • Apr 3, 2024 3:15am Apr 3, 2024 3:15am
Quoting Techknow
Checking into gold right now, we may be building a wedge here to finish off this wave structure. This is just an observation nothing is confirmed but good to keep an eye on. Ill be in for one more long to 23xx soon {image}
Attached Image (click to enlarge)
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