Where are the bitcoin lovers now?

[BackInTheGame78]

I sold my stock at a loss at 255, and I moved to the 290 3/7 calls between 2.25 and yesterday when it poked its head out I grabbed more bringing my cost up on them to 3. It was just a little trade, 5 contracts. I have gotten more out of that trade for $1500 then I did trading 120,000 on the stock the last two days.

What does this have to do with BTC?

 

[Divorced w 3]

What does this have to do with BTC?

MSTR has no other function than trade on its BTC

 

[Divorced w 3]

Out 5x on the calls. Sold half the stock

 

[FlexpertHamilton]

this nonsense is so headache inducing. its so obvious to me at this point that 99.99% of crypto will never have intrinsic value, theyre just worthless meme bubbles controlled by the whales via hype based narratives for wealth transfer. i've been patiently waiting to sell my whole portfolio for almost 4 years now. its not at all clear what will happen next.

 

[Divorced w 3]

this nonsense is so headache inducing. its so obvious to me at this point that 99.99% of crypto will never have intrinsic value, theyre just worthless meme bubbles controlled by the whales via hype based narratives for wealth transfer. i've been patiently waiting to sell my whole portfolio for almost 4 years now. its not at all clear what will happen next.

It’s a bull market. Don’t fight it

if you need something to make you feel better, Blackrock is the worlds largest fiduciary. They would not sacrifice their entire business offering IBIT in their models without a serious belief, probably on the super inside level.

 

[BackInTheGame78]

Hard bounce at 200 SMA with Money Flow Index having gone under 20 and then back above on the daily....

Get ready for a rocket ship.

 

[Divorced w 3]

Hard bounce at 200 SMA with Money Flow Index having gone under 20 and then back above on the daily....

Get ready for a rocket ship.

Do you really need indicators to tell you that?

 

[BackInTheGame78]

Do you really need indicators to tell you that?

The more confluences you have in your favor the better.

 

[Bible_Belt]

Do you really need indicators to tell you that?

Indicators (other than Fibonacci and Eliot Wave) use past price and volume data, and are thus lagging. A simple bar chart with volume tells the same thing. There's nothing wrong with overlaying indicators on charts. It's just another way of looking at the same information.

 

[BackInTheGame78]

Indicators (other than Fibonacci and Eliot Wave) use past price and volume data, and are thus lagging. A simple bar chart with volume tells the same thing. There's nothing wrong with overlaying indicators on charts. It's just another way of looking at the same information.

Money Flow Index is leading...at least in the way that it's used.

I know a move is about to happen in the other direction a good 20-30 minutes before hand.

 

[Bible_Belt]

Money Flow Index is leading...at least in the way that it's used.

I know a move is about to happen in the other direction a good 20-30 minutes before hand.

Then you should have all the money in the world by now.

 

[BackInTheGame78]

Then you should have all the money in the world by now.

Risk management still comes into play as does proper execution.

 

[Divorced w 3]

Indicators (other than Fibonacci and Eliot Wave) use past price and volume data, and are thus lagging. A simple bar chart with volume tells the same thing. There's nothing wrong with overlaying indicators on charts. It's just another way of looking at the same information.

Was going to say something similar. Read Technical Analysis by McGee. Not everyone has the time to watch the tape all day, I understand that part, but patterns have a tendency to repeat. So do analogs. For example:

 

[Divorced w 3]

Money Flow Index is leading...at least in the way that it's used.

I know a move is about to happen in the other direction a good 20-30 minutes before hand.

Money flow as is all other indicators are reliant on historical data. Money Flow is very similar to the relative strength index. I don't want to divert the topic too deeply, but the way typically that those two indexes are used is for diversionary behavior, ie, weakening moves to call reversals, or looking for strength in which to increase positions on pullbacks. Happy to chat further on this in a different thread if any are interested.

 

[Divorced w 3]

bought the march 14th 390's at 3.75 net. i was dropping son's books off this morning that he forgot (against my better judgement but insistence of his mother). should have had those puppies at 2.25. that was the most expensive book drop in history. good luck to all, would be nice to see 110k soon on BTC.

 

[BackInTheGame78]

Money flow as is all other indicators are reliant on historical data. Money Flow is very similar to the relative strength index. I don't want to divert the topic too deeply, but the way typically that those two indexes are used is for diversionary behavior, ie, weakening moves to call reversals, or looking for strength in which to increase positions on pullbacks. Happy to chat further on this in a different thread if any are interested.

It is a volume weighted RSI. Volume is itself a leading indicator when used properly

 

[Divorced w 3]

It is a volume weighted RSI. Volume is itself a leading indicator when used properly

No it isn't - it's a collection of activity in a moment of time - maybe at the best in the moment you see volume taking place in the moment that is out of character, and that's at the heart of reading tape, but unless you're sitting there watching flow, it's past data.

 

[BackInTheGame78]

No it isn't - it's a collection of activity in a moment of time - maybe at the best in the moment you see volume taking place in the moment that is out of character, and that's at the heart of reading tape, but unless you're sitting there watching flow, it's past data.

According to most pro traders it is but according to you it isn't...gotcha.

I would suggest the issue is in the way you are interpreting it.

Or are you trying to tell me strong moves with no volume or declining volume are usually not fake moves and that most moves with strong volume or increasing volume aren't real moves?

 

[Divorced w 3]

According to most pro traders it is but according to you it isn't...gotcha.

I would suggest the issue is in the way you are interpreting it.

Or are you trying to tell me strong moves with no volume or declining volume are usually not fake moves?

ok buddy, that's not what i was saying, but that's fine. i said that if it happened, it's a lagging indicator. if you're watching tape and you see it happening in the moment, it's leading. and apparently google agrees with me. i have been trading for almost 20 years. my mstr call position has fluctuated between 18-36% profit since we started this chat - 5-10k of real money. how's your trading this morning going?

 

[BackInTheGame78]

ok buddy, that's not what i was saying, but that's fine. i said that if it happened, it's a lagging indicator. if you're watching tape and you see it happening in the moment, it's leading. and apparently google agrees with me. i have been trading for almost 20 years. my mstr call position has fluctuated between 18-36% profit since we started this chat - 5-10k of real money. how's your trading this morning going?

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That's awesome! I'm not sure why you enjoy getting in these ridiculous pissing matches but you win.

I'm up about 7K in the last month with 13 green days and 1 red day. Was on vacation for 8 days within there so I had some missing days.

Today I am up $120 so far, waiting for price to come back to my level to get long most likely if it follows thru.