🅱️ A Bull Thinking Part 3 (Leverage for beginners)

2 ก.พ. 2023

It is still too early to claim victory on our XBTUSD long trade but a bullish breakout is better than a bearish breakdown.

Here is a bull thinking | Part 3.

Right after I shared my trade idea revealing my thinking Bitcoin's price dropped.

The low was set at $22,500.
Our stop-loss calls for a daily close below $22,200 or $22,000 if we go by the real numbers.

So the trade remains safe... In fact, within the buy-in price.

We have a bullish breakout yet the first target has not been hit.

The breakout works as confirmation though and since the only barrier left was the FUD about the rate hikes, with that out of the way, there is nothing left other than shakeouts and squeezes to stop Bitcoin from going up... I mean, these would only stop Bitcoin monetarily from going up.

All the same arguments as before still stand but now stronger.

Who is going to sell?
Sellers became exhausted after a year of bearish action.

Who is buying?
New money is coming in in the form of institutions, whales and other players with a long-term mentality.

Bullish signas!
The chart has been flashing signals for several months, we chronicle all those here for your entertainment, possibly also learning but definitely for fun.

Let me share some really basics about how some people approach leveraged trading...

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When trading with leverage you have to adapt to market conditions.

I only share the trade setup, the entry with all the numbers and you take care of the rest.

Sometimes the conditions are really good and you can hold longer than what we normally would. Other times things change fast and a leveraged positions needs to be closed right away... This is why experience is needed.

After prices go up 50% -just as an example, the percentage can be anything- a trade can be "secured". This is done by selling enough to withdraw your capital and only playing with the profits. This can be done at 100% or at anytime you feel is necessary. If you are feeling anxious or have doubt about a position, then it is always good to either trust your initial assessment, detach from your devices, close the position or secure it.

Securing profits on the other hand is a bit different, you leave the capital working for you and only withdraw the excess amount, the profits.

Sometimes we need to "secure the trade" based on market conditions, as things can turn or we might need to "secure profits", to avoid giving back all gains even if the situation still looks good.

These are some of the basics... The rest is up to you.
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How are you feeling today?

May God/Life/Love/The Universe Bless You!

I am sending you an ocean of love, it is coming directly from my heart.

For real... Thanks a lot for the support.
When I need it the most, someone always shows up.

Namaste.