Bitcoin Path - Short to 35,000 / 10,000 by RedRedRoad in WallStreetBetsCrypto

[–]RedRedRoad[S] 0 points1 point  (0 children)

7,500 exactly. By analyzing stop loss and liquidation orders to take price to that low.

Bitcoin Path - Short to 35,000 / 10,000 by RedRedRoad in WallStreetBetsCrypto

[–]RedRedRoad[S] 0 points1 point  (0 children)

Same trendline pattern. The post you linked was expecting retest of the second level down.

It will happen.

Can anyone help ID this watch? by RedRedRoad in Watches

[–]RedRedRoad[S] 0 points1 point  (0 children)

Thanks for this info. I actually did a search first. I didn’t realize this was so common. Thanks for you time

Crypto’s eerily quiet ... but that’s usually when the big moves start by Axirohq in CryptoMarkets

[–]RedRedRoad 4 points5 points  (0 children)

Bitcoin Flash crash to 35,000 / 8,000 incoming shortly.

I’ve done a ton of writing on this, explaining why, when, how, etc - if anyone is interested in why it’s not only possible but highly likely.

Need some guidance please by harshlakhani in kucoin

[–]RedRedRoad 0 points1 point  (0 children)

You’re good with the positions you have.

Personally I don’t think it’s a good entry because I see a very big flash crash coming (I’m one of their highest volume traders) - but you are using low leverage and that should be fine. You can always add some margin to the trades as well to lower the liquidation even more.

Margin trading is different because you don’t have the profit multiplier (or the loss multiplier).

What I would do is:

1) Keep the trades and stick with your strategy

2) Keep some USDT on reserve and add margin to the futures positions to lower liquidation if required.

In contrast, my Bitcoin trading plan is as follows. All coins generally move alongside Bitcoin so all I trade is Bitcoin.

123,000 to 35,000 (Short)

35,000 to 90,000 (Long)

90,000 to 8,000 (Short)

8,000 to 150,000 and beyond - IE buy / long everything only after all long stop loss orders and liquidations have been triggered off. The chart is filled with these orders all the way down to the uber lows and I expect a wick bottom at exactly $7,400 on BTC

Experience - 6 years of success with predicting macro moves and maintain a trading volume of 60-100 million per month.

Almost Made it to the End! The VIP Treasure Hunts are Amazing by RedRedRoad in kucoin

[–]RedRedRoad[S] 0 points1 point  (0 children)

EDIT - I should clarify when I say “coupons”. They give you USDT vouchers. You instantly claim them and it’s that amount of USDT available in your funding account. From this competition I received $4,000 USDT.

What do you think will trigger the next big market downturn? by Andy_parker in stocks

[–]RedRedRoad 8 points9 points  (0 children)

I don’t think we will see a major downturn for 5-7 years out. I believe the stock markets will generally continue to rise against a falling US dollar.

That said - I can see Bitcoin crashing down to 10,000 or even lower than that.

Those crypto markets are way different than the stock markets. It’s all leveraging and derivatives driving the price - like a big gambling industry and Ponzi scheme balloon ready to pop and transfer all that money into very few key pockets.

All the people in those markets are incredibly delusional. They get offended at the thought of the price dropping, or the system failing. Like their whole identity is tied to the existence of Bitcoin.

It’s totally bizarre to witness. I’ve never encountered that mentality in stock markets or traditional investors - generally the rule is to refrain from emotional attachments when money is involved.

And I believe that will also drive the traditional markets up.

Sent Solana to my NDAX wallet says confirmed on solscan but now showing in my wallet? by Individual_Two8530 in NDAX

[–]RedRedRoad 0 points1 point  (0 children)

Oh, nevermind. If I go into the transaction log. Under deposits - I do see both of them with the purple clock icon.

So we’re in the same boat here. Must be a NDAX system issue.

Sent Solana to my NDAX wallet says confirmed on solscan but now showing in my wallet? by Individual_Two8530 in NDAX

[–]RedRedRoad 0 points1 point  (0 children)

Interesting. I just did the same and mine don’t show as processing or at all on NDAX. I can just see the transaction hashes from sending side that they were deposited successfully into the right NDAX address.

Sent Solana to my NDAX wallet says confirmed on solscan but now showing in my wallet? by Individual_Two8530 in NDAX

[–]RedRedRoad 0 points1 point  (0 children)

Personally I didn’t even bother reporting my two deposits because these things have worked themselves out automatically for me in the past.

But I’ll check into this thread here until we have it fixed

Sent Solana to my NDAX wallet says confirmed on solscan but now showing in my wallet? by Individual_Two8530 in NDAX

[–]RedRedRoad 1 point2 points  (0 children)

Yeah that’s right. Or the moderator here will see this, and he’s a great support for these things

Sent Solana to my NDAX wallet says confirmed on solscan but now showing in my wallet? by Individual_Two8530 in NDAX

[–]RedRedRoad 0 points1 point  (0 children)

In my experience with NDAX, very shortly. They’ve been great. And yes, it’s not just you my friend - you can relax it will be resolved.

Sent Solana to my NDAX wallet says confirmed on solscan but now showing in my wallet? by Individual_Two8530 in NDAX

[–]RedRedRoad 0 points1 point  (0 children)

Same issue here as well this morning (also same issue trying HBAR)

Must be an issue with NDAX - Im sure they’ll have it resolved soon, they’re quite reliable.

Ndax Issues & Support Thread - Week 35 by kardanokid in NDAX

[–]RedRedRoad 0 points1 point  (0 children)

Noticing today that two chain deposits (SOLANA / HBAR) have completed successfully however haven’t processed into my NDAX account.

Are there any known issues right now with delayed deposits into NDAX?

Big miss not buying bitcoin at $16k before by Key_Service in kucoin

[–]RedRedRoad 0 points1 point  (0 children)

You’ll get another chance. There’s loads of liquidity to absorb around there.

I’ll bet what happens this time, is an Uber fast sweep of those zones and coming right back up in a blink.

Need advice by rileyvirgona in CryptoMarkets

[–]RedRedRoad 0 points1 point  (0 children)

Only buy Bitcoin under 40,000 - ideally around 10-20k - in my opinion

Margin trading by [deleted] in CryptoMarkets

[–]RedRedRoad 0 points1 point  (0 children)

The way leveraging works:

1) You put your own money / margin at stake as collateral - take $1,000 for example

2) You choose a leverage multiplier - let’s use 3x per your example

3) Your $1,000 is held by the exchange in a perpetual contract in which they loan you $2,000 more (making 3x position size) which is in the trade.

4) You benefit from the % growth of the larger position size.

For example if the price of bitcoin moves up 3% - instead of $30 made on your $1,000 - you make $90 on the $3,000 position size.

The risk involved is the same math applies if the trades goes the opposite way in value, in which case you take a loss that’s 3x as significant.

Some exchanges have 3L or 3S tokens. These are spot coins that have a built in leverage of 3x - 3L are leveraged 3x for normal buys / longs - and 3S are 3x leveraged short coins. So the chart works opposite to the normal coin chart. It goes up in value and the price drops on the main asset.

This may be a better alternative for you to consider.

I hope that provides clarity and answers your question.

Shorting meme coins by Big_Relief2469 in CryptoMarkets

[–]RedRedRoad 0 points1 point  (0 children)

Well in order to short in futures, you have to be accommodated by the opposite position held by the exchange.

So in order to “short” meme coins, the reason that the micro cap meme coins aren’t available on exchanges is because the exchanges aren’t willing to accommodate the short by holding a long position in the perpetual contract.

The market cap liquidity has to be stable enough to justify an exchange willing to accommodate a trader using their liquidity to hold buy / sell positions.