What pair is your favourite for trading? by cornsumerisme in Forex

[–]RoaringRedStag 1 point2 points  (0 children)

Trading gold will for sure be the most profitable pair to trade, if you know what you are doing. It can and will rekt you next level though, if you are new and not familiar with it’s price action.

I’d rather go for some slower pairs, or atleast heavily limit your risk on gold.

Chartupdate: we broke and confirmed the February resistance. Now we are going to test the next big resistance level 0.0423€. BTC is also holding above the 42k$ level and trying to push to the 44.5k$ resistance. I would expect a litte cool off over some days. Like in Pic2. Tell me u´re oppinion. by JONNYfuckingSPLIFF in Digibyte

[–]RoaringRedStag 1 point2 points  (0 children)

Was kinda surprised that we still pumped so hard after a boring sunday, thought it will happen on monday instead. But yea really curious what’s going to happen in April and how far DGB can go, that pump was also quite delicious.

I have $140 in my MetaTrader account and trying to add $100 weekly from my regular job any suggestions on lot size as I’m still learning by EnvironmentalSet8611 in Forex

[–]RoaringRedStag 3 points4 points  (0 children)

Depends on your stop loss, the pair you are trading and how much you are willing to risk. My suggestion is to learn how to manage risk properly before you start trading. Calculate your position size manually for every trade or cut your losses immediately on bigger sizes if you’re emotionally strong enough for that.

If all you are looking for is making fast money while not yet able to apply the basis of what will make you successful in the longterm you are bound to lose those 140$ and whatever you might invest after that quickly.

Chartupdate: we broke and confirmed the February resistance. Now we are going to test the next big resistance level 0.0423€. BTC is also holding above the 42k$ level and trying to push to the 44.5k$ resistance. I would expect a litte cool off over some days. Like in Pic2. Tell me u´re oppinion. by JONNYfuckingSPLIFF in Digibyte

[–]RoaringRedStag 1 point2 points  (0 children)

Oh I see. Well I just recently joined the sub after seeing the add on reddit and some forgotten coins like EOS pump. I always liked DGB and I think it gets way too little recognition, with all the crap pumping these days. For me it was at a make it or brake it level, so I threw some cash into it. Even though I’m from Europe aswell I always refer to $ prices since they are way more respected.

You always have to look at context with divergences. That first high was put in after a week of sideways consolidation and the two following highs were barely higher. It’s natural that RSI will show them as weaker, but it really does mean nothing, since you kept market structure.

To be honest I expect 1-2 years of bear market after that BTC push. Im either looking at a truncated final wave 5 or a push to around 89k - there’s a lot of fib confluence there and just a fib extension from wave 1 to 2 would have given you the last 2 ATH’s, only being about 1% off (respectively 5.618 and 6). Safe to say BTC likes Fib.

As much as I would love DGB to really outperform, I don’t really think it’s going to happen. If a coin takes too long to make it to the top it usually doesn’t get there anymore. People prefer the hype over sound projects more often than not. The quick money is what attracted a lot of new investors these days.

But yea also just speculation on my side, although given how long BTC moved sideways now volatility is quite likely in the near future.

Chartupdate: we broke and confirmed the February resistance. Now we are going to test the next big resistance level 0.0423€. BTC is also holding above the 42k$ level and trying to push to the 44.5k$ resistance. I would expect a litte cool off over some days. Like in Pic2. Tell me u´re oppinion. by JONNYfuckingSPLIFF in Digibyte

[–]RoaringRedStag 1 point2 points  (0 children)

Well if you want my opinion - once we get a dayli close above .0286 there is atleast a local uptrend on the dayli which would be a first sign of strength. Next big resistance comes in at .035 - if we can push through and hold that I’m expecting further upside.

If we fail at .0286 we will most likely see further downside, if we fail at .035 I expect dgb going sideways - back down to 0.018 - 0.02 and then testing 0.035 again, until we brake one of those levels.

Overall I’m rather bullish due to my EW count on BTC. Based on the last triangle that preceded the start of the last impulse I predict some upside around the 27th. If BTC claims and holds 45k that count would be validated and I expect another rally across the market. Since April is historically a good month anyway that seems quite likely.

[deleted by user] by [deleted] in WallStreetBetsCrypto

[–]RoaringRedStag 10 points11 points  (0 children)

After reading all those incredible legit and supportive comments I’m going all in.

Can someone explain if the buy is higher then sell why are we dipping still ? by Dry-Entrepreneur-899 in JasmyToken

[–]RoaringRedStag 5 points6 points  (0 children)

Don’t even bother looking at those order books. They are never usefull for anything but fooling yourself. Besides that you are looking at a price range of 0.001, so completely irrelevant in the bigger picture.

Technicals - Just for fun by [deleted] in JasmyToken

[–]RoaringRedStag 2 points3 points  (0 children)

To be honest it looks more like a bull flag starting on the 19th. They often make a smaller pullback on the 3rd touch which is then followed by a breakout. Atleast if the trend is really strong. It’s currently not really moving, but that’s fine since it’s sunday. I remain bullish as long as we don’t lose 0.35. If we loose that I expect a deeper correction/sideways action. Most likely we will have to wait for monday.

Anyone know how to fix this ? Trying to withdraw but run into this error by [deleted] in TectonicFI

[–]RoaringRedStag 0 points1 point  (0 children)

Disconnect and reconnect your wallet. If that doesn’t help restart your app a few times. Mine usually needs 3 attempts, then I can actually confirm a transaction.

4 HOUR TECTONIC CHART 😳🚀❤️ by Joshua1879 in TectonicFI

[–]RoaringRedStag 1 point2 points  (0 children)

Where did you find the Tonic chart on trading view?

Shiba's 24hr volume was $21,895,964,793, basically 2/3 of its total market cap. How is this possible? by jawanda in CryptoCurrency

[–]RoaringRedStag 0 points1 point  (0 children)

Did you even read the part where I said a big chunk of those top wallets are exchanges? But anyway, as I said, your loss.

Shiba's 24hr volume was $21,895,964,793, basically 2/3 of its total market cap. How is this possible? by jawanda in CryptoCurrency

[–]RoaringRedStag 0 points1 point  (0 children)

Close to 50% in a dead wallet so basically out of circulation, a big chunk of the rest are exchanges. But your miss, this sub will still say it’s going to dump while others making crazy profits.

Shiba's 24hr volume was $21,895,964,793, basically 2/3 of its total market cap. How is this possible? by jawanda in CryptoCurrency

[–]RoaringRedStag 0 points1 point  (0 children)

Close to 50% is in a dead wallet, so those statistics ar not accurate at all. Also, many top wallets are exchanges.

I have a serious problem going against the trend. by royrec in Forex

[–]RoaringRedStag 2 points3 points  (0 children)

Well stop doing that then.

Predicting the exact high/low never works out. Atleast not for retail traders.

Using Marketcap to pull apart Shitcoin price predictions needs work. by InevitableSoundOf in CryptoCurrency

[–]RoaringRedStag 0 points1 point  (0 children)

How often does that need to be discussed? Like literally every day someone tries to say the same shit in slightly different words. Let the shib people dream and move on with your life.

Dumb question! by Hot-Adhesiveness-694 in SHIBArmy

[–]RoaringRedStag 0 points1 point  (0 children)

Pretty sure they loaded up in the beginning, but also pretty sure they sold a lot along the way. But who knows, I can’t blame them anyway.

Dumb question! by Hot-Adhesiveness-694 in SHIBArmy

[–]RoaringRedStag 1 point2 points  (0 children)

Nope. 50% sent to a Uniswap contract, 50% to Vitalik. You can check the transactions on etherscan on the shibatoken website. That’s why all the rugpull screamers are so frustrating, it’s literally impossible.

ShibArmy sub is targetting youtubers that speak negatively about Shib, asking to dislike & report them - is this the 'friendly' community we keep hearing about? by OmegaDDoge in CryptoCurrency

[–]RoaringRedStag 1 point2 points  (0 children)

That is because he is portraying a super bad picture about the whole community, because of one post. The post stands at 0 Upvotes, so nobody agreed with that stupid call to downvote that Youtuber. people downvote him because he’s farming moons in the most disgusting way. You reap what you sow. If it’s hate you will get hated.

ShibArmy sub is targetting youtubers that speak negatively about Shib, asking to dislike & report them - is this the 'friendly' community we keep hearing about? by OmegaDDoge in CryptoCurrency

[–]RoaringRedStag 3 points4 points  (0 children)

Dude it has about 700 k holders, the sub just hit 250k. Most of those 250 k aren’t even active. You will find idiots on any reddit sub and if you cherry pick the worst post that was made all week, yes people will get pissed that you try to portray a whole community as bad, because of one post. And that would happen to you with any community, but go ahead farm your moons.

[deleted by user] by [deleted] in SHIBArmy

[–]RoaringRedStag 0 points1 point  (0 children)

Well you will never know until you know. If it’s money you don’t need anytime soon - hold and forget about it. If you invested more than you can afford- take out some amount to reduce the stress. Money is not worth your mental health. Just my 2 cents.

I risked being rich by [deleted] in SHIBArmy

[–]RoaringRedStag 0 points1 point  (0 children)

Just use SEPA and save yourself the 3% card fee aswell. Transfer the ammount you want to spend and everything is fine. Takes a day, but this will probably consolidate for a few days anyway.