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Bitcoin trading calls

  • #1,361
  • Jun 3, 2026 3:42pm Jun 3, 2026 3:42pm
Quoting Olu
Bitcoin has touched the first line (64.4k) and bounced off it. Can we get a retracement please before I find myself at my 60k target please. At this stage, I am only asking for 74k. {image}
You called it Olu! Hope you caught a decent amount
  • #1,362
  • Jun 3, 2026 3:58pm Jun 3, 2026 3:58pm
Well, just going to have to ge it back one trade a time. WORST thing to do is revenge trade and try to get it all back quickly. Thats a great way to turn a bad streak into a train wreck. Drawdown is about 7% right now. Not good, but manageable.

As I said, I've lowered risk on trades now to limit any more downside if bad streak continues. Hoping to turn it around, but will have to do it the hard way...with winning trades while trading with less.
  • #1,363
  • Jun 3, 2026 4:12pm Jun 3, 2026 4:12pm
Quoting Zappa
{quote} You called it Olu! Hope you caught a decent amount
I got a decent amount Zappa. Left some on the table though.
If you think you can or cannot do it you are correct
  • #1,364
  • Jun 4, 2026 12:12am Jun 4, 2026 12:12am
Quoting Zappa
{quote} Haha, thank you Magiix. No, the only fishing i do is fishing for trades. Told my nephew before we went out the other day "I hope you know how to take the fish off the hook if you catch one, because I ain't grabbing that thing!". With Gold, I have focused on BTC for a while now because of 24/7 trading access and volatility, and when I switched to Hyperliquid I didn't even pay attention to other markets available. But recently took a look and there are quite a few to choose from and nice thing is they are also 24/7 access. Some are a little...
haha
Yes, I'm sure there are plenty of other interesting markets,24/7 is such a logical and important revolution when you think about it.
Yes, many markets, especially certain altcoins, have too low liquidity or are simply unreliable.
Once I have the capital, I'll also take a look at gold!
I won't give up.
  • #1,365
  • Jun 4, 2026 2:16am Jun 4, 2026 2:16am
Overnight bitcoin price went down to 61.2k!!!
Then a retracement to 64.6k. Price now at 63.5k.

ETH broke down below its flag channel low (1713) but has recovered back above it currently 1768.
The RSI on both instruments are way oversold making one hesitant to sell.
Adding a small short here with a tightish stop to test the downside.
The first test that this idea is working is the tsking out of the pinbar low.
If we go past the pinbar high and the immediate redline then the position is in jeopardy and the trade will close for a loss
Attached Image(s) (click to enlarge)
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If you think you can or cannot do it you are correct
  • #1,366
  • Jun 4, 2026 2:54am Jun 4, 2026 2:54am
Quoting Olu
Overnight bitcoin price went down to 61.2k!!! Then a retracement to 64.6k. Price now at 63.5k. ETH broke down below its flag channel low (1713) but has recovered back above it currently 1768. The RSI on both instruments are way oversold making one hesitant to sell. Adding a small short here with a tightish stop to test the downside. The first test that this idea is working is the tsking out of the pinbar low. If we go past the pinbar high and the immediate redline then the position is in jeopardy and the trade will close for a loss {image} {image}...
Trade closed for some scratch profit. Strength coming in
Attached Image (click to enlarge)
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If you think you can or cannot do it you are correct
  • #1,367
  • Jun 4, 2026 3:36am Jun 4, 2026 3:36am
Quoting Olu
{quote} Trade closed for some scratch profit. Strength coming in {image}
Shorted again. That strength dissipated quickly. Back in from near where I got out previously
If you think you can or cannot do it you are correct
  • #1,368
  • Jun 4, 2026 8:35am Jun 4, 2026 8:35am
Quoting Olu
{quote} Shorted again. That strength dissipated quickly. Back in from near where I got out previously
Is this all the retracement?
We would only know when the 61311 low is taken out
Attached Image (click to enlarge)
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If you think you can or cannot do it you are correct
  • #1,369
  • Jun 4, 2026 8:39am Jun 4, 2026 8:39am
Quoting Olu
{quote} Is this all the retracement? {image}
I must admit that I'm left wanting more.
I won't give up.
  • #1,370
  • Jun 4, 2026 9:21am Jun 4, 2026 9:21am
Quoting MaGiix
{quote} I must admit that I'm left wanting more.
Me too.
I have always said trade what you see on the chart but my trades are somehow blinkered by some deep expectations.
For example in bitcoin I have been expecting a big retracement since 68k.
Nothing happened or at best very shallow pops that could be minor profit taking.
This affects my trading somewhat.
Tightening stops too much ==> leads to being kicked out only to see price continue the way you wanted
Putting lighter lot sizes on instead ==> Not optimizing the profits for that trade
If you think you can or cannot do it you are correct
  • #1,371
  • Jun 4, 2026 10:18am Jun 4, 2026 10:18am
Quoting Olu
{quote} Me too. I have always said trade what you see on the chart but my trades are somehow blinkered by some deep expectations. For example in bitcoin I have been expecting a big retracement since 68k. Nothing happened or at best very shallow pops that could be minor profit taking. This affects my trading somewhat. Tightening stops too much ==> leads to being kicked out only to see price continue the way you wanted Putting lighter lot sizes on instead ==> Not optimizing the profits for that trade
yes, PA action is very different in really bearish times (I had never really experienced it) and hard to accept i find, nothing is working as usual.
we all pretty much expected the down side, i was personnaly waiting of it,it commes and all i was doing the 2 first day(or more) is trying to catch the rebond, idk im dumb?
I learned it the hard way, but it's a learning experience, and it also helps to understand what comes next.
But a small victory is better than destroying morale or simply let it the time to show us what he want.
I won't give up.
  • #1,372
  • Jun 4, 2026 11:07am Jun 4, 2026 11:07am
Where we are now - intraday
Triangles and wedges are time wasting structures that usually resolve in the direction price was going before the structure was created.
In this case down.
A breakout to the upside means a more elaborate retracement.
The structure also helps with stop placement.
Past that top red line I am out
Will add some more if/when price breaks the lows
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If you think you can or cannot do it you are correct
  • #1,373
  • Jun 4, 2026 11:28am Jun 4, 2026 11:28am
Hello
i saw in daily we had attack Little liquidity but I dont know for the moment if it Will go search big liquidity at 60k
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  • #1,374
  • Jun 4, 2026 12:26pm Jun 4, 2026 12:26pm
hi i was wondering do you guys trade btc or btc futures?
  • #1,375
  • Jun 4, 2026 1:25pm Jun 4, 2026 1:25pm
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Learn from your mistakes and march on.
  • #1,376
  • Jun 4, 2026 1:47pm Jun 4, 2026 1:47pm
Quoting Olu
{quote} Me too. I have always said trade what you see on the chart but my trades are somehow blinkered by some deep expectations. For example in bitcoin I have been expecting a big retracement since 68k. Nothing happened or at best very shallow pops that could be minor profit taking. This affects my trading somewhat. Tightening stops too much ==> leads to being kicked out only to see price continue the way you wanted Putting lighter lot sizes on instead ==> Not optimizing the profits for that trade
Yep Olu, put stops too tight and good chance of continually getting stopped and missing most of the move
  • #1,377
  • Jun 4, 2026 1:48pm Jun 4, 2026 1:48pm
Quoting rafter
hi i was wondering do you guys trade btc or btc futures?
Probably most of us are trading futures
  • #1,378
  • Jun 4, 2026 1:57pm Jun 4, 2026 1:57pm
Got a stop at b/e on Gold trade now, will see how that goes.

Just took a small trade on Eth, went long. Risking 0.25%.
Stop at 0 and target at 2.5
Attached Image (click to enlarge)
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  • #1,379
  • Jun 4, 2026 2:08pm Jun 4, 2026 2:08pm
Quoting here2there
{image}
I'm not sure I've captured all the elements, can you explain what you're thinking?

Quoting Zappa
Got a stop at b/e on Gold trade now, will see how that goes. Just took a small trade on Eth, went long. Risking 0.25%. Stop at 0 and target at 2.5 {image}
being risk-free is the best feeling
GG Zappa
I won't give up.
  • #1,380
  • Jun 4, 2026 2:28pm Jun 4, 2026 2:28pm
Quoting rafter
hi i was wondering do you guys trade btc or btc futures?
I trade btcusd cfds not the futures
If you think you can or cannot do it you are correct
23 traders viewing now, 2 are registered:
Olu
,
MaGiix