Long on this from 37656

If we lose the Daily Open and VWAP I'll cut it unless we get a quick reaction upwards

TP1 - 38200*

TP2 - 39359*

*approx ;)

I'm aware we're coming into local resistance here so monitoring it!
This is on a different account by the way

Still in my original long from 32.3K on my main account

One is a swing, one is a day trade
TP1 at the S/R, shorts got aggressive

Overall trade idea still in play but at least I am almost guaranteed profit now
Stopped at entry on the rest

Don't always move SL to entry but I didn't see a good reason to come to entry at this point so better to lock in my profits

And that's why we take profits!

Let's see what the market has to give tomorrow
Shouldn’t have moved my stop should I? Haha

Teach me to go against my plan

In the journal it goes. Lesson learned

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More from @johnnie_jacks

28 Jul
$BTC

I'm still in my long from 32K

Coming to the chart fresh and going through my ideas about what happens next

Thought I'd share my process with you guys

1/
I know it's "in vogue" now but the way I've developed TA over time is to use mainly Price Action, Volume Profile and Market Profile

So first, I want to check the volume for the mid term range

We have closed the first Daily candle above the VAH of the range since June 16th

2/
On June 16th however the VAH was much higher, so this makes the recent daily close more significant to me

3/
Read 16 tweets
15 Apr
FIND GEMS ON TWITTER WITH LESS EFFORT!

We all know that Twitter is an amazing source of information.

Finding out about projects and trends early is absolutely key to maximizing returns.

But with SO MUCH information available, how do you zoom in on what’s useful?

A thread

1/
My team and I spend nearly all day, every day researching projects.

Over time we’ve built out some really fancy metrics and tools to identify key trends.

It doesn’t mean we can catch everything (nobody can!)

2/
It does mean though that we can invest our time and energies into specific research and not waste it just finding WHAT to research.

In crypto (as most markets) there is a huge amount of value in having asymmetric information

3/
Read 25 tweets
26 Sep 20
“How can I trade coins on your exchange you don’t hold anymore after the hack?”

Just one of SO MANY comments I’ve seen today where people truly don’t understand how centralized exchanges (CEX) such as Binance, Kucoin and others work.

Let’s look into it.

A thread.
1/ when you send funds to a CEX you are sending the token from your wallet to theirs.

The exchange then holds them on your behalf (in escrow) in their own wallets.

They credit your “account” on the exchange with your coins
2/ this is why people say “not your keys, not your coins”.

The exchange now owns your coins.

They can choose to do anything they want with them - including stopping you from withdrawing them, disappearing with them or allowing hackers to take them.
Read 16 tweets
18 Sep 20
A LOT of confusion about what Metamask and ETH actually are as people scramble to sell

I’ll try to ELI5

1/

Ethereum is a blockchain. Think of it like your bank account

Metamask is a wallet that draws from and sends info to the blockchain. Think of it as your bank’s app
2/

If a token doesn’t show in Metamask, or a transaction is stuck this is an error in your “bank app”

As long as the bank’s record of your money is correct, there’s nothing to worry about.

Copy your wallet address, go to etherscan.io and paste it
3/

This is like the bank’s record of your account.

Now you can check pending transactions, as well as balances of all your tokens.

If the transaction that is “stuck” isn’t there, the problem is Metamask didn’t send it to the blockchain. Reset it metamask.zendesk.com/hc/en-us/artic…
Read 5 tweets
8 Sep 20
The news about being migrated and implementing multisig is a hot topic right now.

But what is multisig exactly?

A THREAD (and a little story!)
1/ In 2017/18 I was blessed to be part of a team who were heavily involved in undertaking Fundamental Analysis for high net worth individuals and later institutional investors.
2/ At that time it mostly involved studying ICOs for safety, viability and potential returns.

As time went on more institutional investors were approaching us to advise on whether there was a path to them being able to get exposure to crypto markets.
Read 19 tweets
4 Sep 20
With all the narrative on CT today about the CME gaps being filled on - do you know what they are, and what it means?

Brief summary in this article.

cryptopotato.com/what-are-bitco…
Although there is a saying “all gaps are eventually filled”, this isn’t definitively true, at least not yet.

For example there is an unfilled gap on the Dow Jones from 1933 at $75. As the price is now over $28,000 a fill is possible but unlikely. Image
On there are 2 unfilled CME gaps, one at $9.6K and $3.5K

There was another at $11.6k that was recently filled.

Historically most gaps have been filled in a short time after being opened, usually within hours or days.

Whether these gaps will fill remains to be seen
Read 4 tweets

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