Respectfully disagreeing with Leo about Crypto

[josemar]

9 minutes ago, Dodo said:

@josemar i guess you and your gurus are the cryptobros  @bebotalk was talking about. I now feel ashamed for disagreeing. Thanks for coming in and showcasing the cancer of the crypto space - internet gurus who sell their holy grail trading strategies for money. 

Sign up for my affiliate link and pay me 60 quid a month, because i make so much money wih my strategy that i dont need it, but heck, let me charge anyway, right? 

I get real value for 65USD a month:

- 3 live streams a day by 3 different traders, for London open, NY and Asia. They obviously have to be paid for their time.

- TA already done for BTC and a few select altcoins.

- I like supporting this community, even though 65 a month is very low. I give more a month to 3 charities, do I expect value from those donations? Nope.

Could I do the TA myself in 1hr every day? Sure. I prefer to have it done for me, and 2 USD a day is extreeeemly cheap.

Cryptobros? I dunno man, I only trade bitcoin, leverage doesn't matter, I explained why I use leverage.

Sounds just like normal trading to me, when I use sound risk management.

Not everybody is cut out for scalp trading, I get it.

Edit: Jayson doesn't trade on Bybit, he uses the chart for different reasons.

Edited December 13, 2023 by josemar

[Dodo]

21 minutes ago, josemar said:

I guess you can't teach an old dog new tricks 

Peace out 

Dont just say peace out and wiesel your way out. You are a young dog, you are the one who needs to learn new tricks. Ive had my time when i was a young dog and learnt my tricks.

Yet even being a young dog you bark like hound. I bet you wont consider plotting the 377ma with 233 offset, yet you are a young dog. Imagine yourself in 5 years time when you actually have experience , what ar you gonna learn? And you talking to me about new tricks, i already told you i have all the tricks in the world and experience behind me, you are so green and inexperienced and yet you wont even check out the moving average i told yu about.

There is a big reason i called it magic and your gurus would get their cheeks red if they see the trades they missed by not knowing about it. 

[josemar]

31 minutes ago, Dodo said:

Dont just say peace out and wiesel your way out. You are a young dog, you are the one who needs to learn new tricks. Ive had my time when i was a young dog and learnt my tricks.

Yet even being a young dog you bark like hound. I bet you wont consider plotting the 377ma with 233 offset, yet you are a young dog. Imagine yourself in 5 years time when you actually have experience , what ar you gonna learn? And you talking to me about new tricks, i already told you i have all the tricks in the world and experience behind me, you are so green and inexperienced and yet you wont even check out the moving average i told yu about.

There is a big reason i called it magic and your gurus would get their cheeks red if they see the trades they missed by not knowing about it. 

How many trades did you get from your magic moving average? One a year? that's too few, I take 10-50 trades a week. Moar trades, moar money

[josemar]

Out of curiosity I added that moving average to the chart. Probably not doing it right, what is it supposed to indicate?

Or SMA?

 

 

Probably not doing it right, first time using pencilnecked MAs 

[Dodo]

7 hours ago, josemar said:

Out of curiosity I added that moving average to the chart. Probably not doing it right, what is it supposed to indicate?

Or SMA?

 

 

Probably not doing it right, first time using pencilnecked MAs 

Yeah you chose 1day, you need to change that to Chart. So the moving average changes depending on which timeframe you look at. 

Daily magic blue line: once crossed, magic happens 

 

4h magic blue line: once crossed magic happens: 

 

3h magic blue line, once crossed, magic happens:

 

 

2h magic blue line, once crossed, magic happens

 

1h magic blue line, strong support, magic happens 

45min magic blue line, strong support, much magic

30min magic blue line, strong support, magic

15 min magic blue line - we are below it, you know what to expect on the incoming breakout from below - Magic

5 min magic blue line, we have breakout from below, expecting magic time in the short term.

3min magic blue line - same as 5min

1min magic blue line, for all your degen needs. Strong support, Magic. You know where my low risk buy order wouldve been. 

 

This concludes the magic blue line for btc. But this thing works on everything. Try Gold, all gold bottoms - any significant timeframe- magic blue line. From 1month chart to 4h chart. 

For altcoins the moves are even more explosive. But you said yu dont trade those. The ADA recent big pump from around 40c was surprise surprise - magic blue line breakout. 

I might add a picture of it later but im on phone rn, so even adding the previous ones was a bit of a pain.

 

Here it is. On this chart, i also include the magic yellow line which is a lower offset ma, again fibonacci numbers. Im  showing on the chart what the settings are and i am not charging! All i know the sh1t is magic.

 

15 min btc, the only one below the magic blue line is already above the magic yellow line and tested it as support successfully. If i had to take a trade im long here with sl somewhere below the magic yellow and expecting push to magic blue line and possible big breakout. Here we also see the 123 dump marketmaker manipulation to fool human trader into selling the damn bottom. 

   

 

Cardano (ada) also has an inverse head and shoulders pattern, already broken out and retested neckline,

and bullish MACD monthly cross (huge buy signal, circled in yellow) that just happened start of this month,

 With all this said, i would argue looking for anything other than long is a death sentence. BEARS NGMI and BULLS WAGMI 

Edited December 13, 2023 by Dodo

[FourCrossedWands]

[josemar]

@Dodo

Isn't a 21 day EMA (red below) or the Bullmarket Support Band an earlier indication ?

Seems your magic average sometimes works and sometimes doesn't, e.g. see Jun 21 cross, it's a bit late in the uptrend

 

[Dodo]

1 hour ago, josemar said:

@Dodo

Isn't a 21 day EMA (red below) or the Bullmarket Support Band an earlier indication ?

Seems your magic average sometimes works and sometimes doesn't, e.g. see Jun 21 cross, it's a bit late in the uptrend

 

Seriously? I showed you so many charts dude. What is this, I dont even know what im looking at. Just open the top left where it shows the indicator names. I literally showed you the line working on every chart from 1 minute to 1 day, i didnt have to do this, but I just wanted you to understand.

And you still didn't. You show me some weird line that looks nothing like the magic blue line I am talking about. My line doesnt have such sharp edges, this is something else again. 

 

20/21 MA 200 MA , EMA's you can use whatever you like you will never find a line as magic as the magic blue line (and its sister the magic yellow line) 

 

Go on the 1 minute bitcoin chart, if the bottom at 12 o'clock UK time  is not the magic blue line, you have it plotted wrong again. TODAY literally today the bottom was this line. fk man 21 ema? Jesus Christ 

Edited December 13, 2023 by Dodo

[josemar]

Nah man, it wasn't the bottom. It kinda was a local bottom around 12 UTC (in red), what about the other crossings in blue?

In contrast, see how the 21 daily EMA crosses the bottom a few times today:

 

 

[Dodo]

7 minutes ago, josemar said:

Nah man, it wasn't the bottom. It kinda was a local bottom around 12 UTC (in red), what about the other crossings in blue?

In contrast, see how the 21 daily EMA crosses the bottom a few times today:

 

 

i only just checked the chart on PC, i edited my statement above to say at 12o'clock because i didnt see before that on my phone. Sorry about that. 

Now you are comparing a 1 minute average with a daily average in a single chart? Why are you doing that? the 21 day moving average contains way more data than a simple 1 minute average. The higher the timeframe, the more you can trust it. 

Why don't you compare the 21 EMA with the magic blue line on the same timeframe? Why do you compare a daily average on the 1 minute chart? Show me the 21 ema for the 1 minute chart instead of showing me the daily 21 ema on the 1 minute chart. Nice Try tho

Here is the 21 ema (the yellow nonsense) and the magic blue line on the ADA 1 HR chart 

Stay truthful in your exploration and dont pull this sh*t again

  

 

BTC 21 ema yellow nonsense on 1 minute chart, vs magic blue line on 1 minute chart. There is no argument for which one is useful and which one is absolutely useless. 

Edited December 13, 2023 by Dodo

[Dodo]

Basically the 21 ema daily gives you information of average price for last 21 days, while the magic blue line on 1 minute gives you average for past 377 minutes and is shifted 233 candles into the future. Ofcourse you get much less data, if you want more data you go to higher timeframe.

its ok, im happy you tried to look at it, it seems you are in mode where you will just reject it no matter what you see. You didnt have to pay 60 bucks for it and it comes from some random guy, it cant be good. Forget about it! You need to be nice and dependent on your gurus or they wont get their funds! 

Stay true to your mission and maybe I will leave some scraps for you to scalp after I take out the old ATH. 

Edited December 13, 2023 by Dodo

[josemar]

Note I don't use Moving averages, today is the first day I'm looking to see how they perform 

Is there a rule that you cannot use daily EMAs on lower timeframe charts?? I don't get why you're upset.

Show me a timeframe on bitcoin where the magic average beats the 21 daily EMA for support in a trend. In this last uptrend from middle of October, you could have added to your position when intersecting the 21 dEMA wereas the magic line caught the initial bottom (slightly better than the 21 dEMA), but then doesn't intersect the price on the 1h chart

 

But looking from the start of 2023, seems the magic average gives slightly confusing messages, presumably there's more rules to it than "long when price crosses up ?

 

[josemar]

PS. I'm sure it works for you, and when we reach another major bottom I'll make sure to have a look at it

[josemar]

12 minutes ago, Dodo said:

its ok, im happy you tried to look at it, it seems you are in mode where you will just reject it no matter what you see. You didnt have to pay 60 bucks for it and it comes from some random guy, it cant be good. Forget about it! You need to be nice and dependent on your gurus or they wont get their funds! 

Stay true to your mission and maybe I will leave some scraps for you to scalp after I take out the old ATH. 

the 65 bucks is to make money shorting, not only longing, you should have a go 

[Dodo]

17 minutes ago, josemar said:

Note I don't use Moving averages, today is the first day I'm looking to see how they perform 

Is there a rule that you cannot use daily EMAs on lower timeframe charts?? I don't get why you're upset.

Show me a timeframe on bitcoin where the magic average beats the 21 daily EMA for support in a trend. In this last uptrend from middle of October, you could have added to your position when intersecting the 21 dEMA wereas the magic line caught the initial bottom (slightly better than the 21 dEMA), but then doesn't intersect the price on the 1h chart

 

But looking from the start of 2023, seems the magic average gives slightly confusing messages, presumably there's more rules to it than "long when price crosses up ?

 

I give you that, I have never used 21 ema or any other higher timeframe ma or ema on lower timeframe and they seem to be pretty sweet. Looks pretty magic too, so nice find, lets be fair. 

But I did mention I have other magic lines too, this is only one of the magic lines and it is my main just because I have used it the most and I know how price behaves on impact. 

 

I can tell you the timeframe where the magic blue line is better than the daily 21 ema - the daily timeframe. 

PS: I do not use the magic blue line to add on to positions, I use it to get low risk high reward trades, its best quality is the huge breakouts it provides, its main quality is not to be support, but its best when we are below it and getting ready for a breakout. Thats where the big money are made, im not here to buy on every single bottom, im here to buy on one bottom and ride d faka to infinity 

 

Edited December 13, 2023 by Dodo

[Dodo]

 

@josemar  to showcase how I use the line, here's Cardano daily chart. I started buying there at the bottom (10x position) that was my starting entry because there was an inverse head and shoulders there and clearly it told me its time for the low risk trade. As we started going up, binance gives you more and more allowance to borrow as you get in profit. Without adding any more of my own money I kept buying and buying on the big circled area, because I knew where the magic blue line is and I knew I am playing for a magic blue line breakout. So from my original position, by the end of all the adding on I have 3 times more units than I started with, my average is a bit higher, but because of the magic blue line, I am safe! My buy time is over now, now I am in reward mode, I risked when it was time, while we were below the magic blue line.

Big win for now, absolutely lifechanging win thanks to this.

But lets also talk about the weekly, because on weekly I dont even have enough candles to see the magic blue line for Cardano, but we are still below the Magic Yellow line (which is the 144ma 89 offset) and this weekly candle is eerily close to that, so thats my next area where I will expect a huge breakout. Its almost touching it now : 

 

Also here's from earlier in the thread as this had still not happened: 

On 05/12/2023 at 11:03 PM, OBEler said:

@Dodo

It's not the real bullrun I think. 

 

What Do you think happens if the bitcoin etf gets official approved in January? sell the news or to the moon? 

 

On 06/12/2023 at 2:21 PM, Dodo said:

Look an example of how I think. 

I ignore all the noise,  all news, events and so on and look at this. 

I see price rapidly approaching the magic blue line (the average price for last 377 days offset by 233 days in the future).

I know to expect a big move if we break this line, as its just how the line behaves from my experience of watching it for a year now. So i wouldnt want to miss that low risk trade. 

Binance news came out? CZ of binance guilty to money laundering. You see me selling? All my positions are on BINANCE and I bought more on the red candle the news created,  raising my coin count to the amount im happy to hold. 

Edited December 14, 2023 by Dodo

[josemar]

It's great that it works for you, but with this strategy you'd take 1 trade every 4 years? with the magic average on daily timeframe.

[Dodo]

6 hours ago, josemar said:

It's great that it works for you, but with this strategy you'd take 1 trade every 4 years? with the magic average on daily timeframe.

Thats why there are other timeframes, sir. 

Its all about what your goals are. Some pros say overtrading is a mistake. 

There are some professionals who actually do 1 trade per year and they are more profitable than the overtraders. 

Ive seen magic blue line in action even on the 1 second chart, so maybe can be tried to get a quick profit trade from 1 second chart using it. And then you will have a lot of tiny trades, but i am not here for that, our styles are way different.  

Edited December 14, 2023 by Dodo

[Leo Gura]

What you guys are doing is gambling, not investing, and eventually you'll end up losing your pants.

A proper investment is something you buy and hold for 5-10 years.

If you don't believe in a coin enough to hold it for 10 years, you shouldn't be buying it.

Edited December 14, 2023 by Leo Gura

[Dodo]

1 hour ago, Leo Gura said:

What you guys are doing is gambling, not investing, and eventually you'll end up losing your pants.

A proper investment is something you buy and hold for 5-10 years.

If you don't believe in a coin enough to hold it for 10 years, you shouldn't be buying it.

I agree, thats what I said as well to josemar because he quit his IT job to trade crypto full time, i am not doing that so I dont fall in that category. 

As for 5-10 years, sure, but I have a sell target for September 2025 based on analysis of chart and halving dates. I am looking to sell half my bag there in case its the new top, so I can buy more at the later bottom. 

Everyone has a strategy and its different. If Jose has found some good way to consistently make money,  more power to him, but I dont trade like that, I just project the big swing moves and play. 

 

I will never sell my entire holdings even if i believe its the top, but I will definitely sell some. 

 Here is the projection, just market cycles 

Edited December 14, 2023 by Dodo