RE: Steemit Quest For One Million. Time required to build a $1,000,000.00 Steemit Account (Day 31 Results) by pawsdog

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· @pawsdog · (edited)
From here: https://steemit.com/market
The last price was around $1.05 in the upper left corner.. basically the SBD/STeem ratio.. was 1.05 Steem per SBD I think.. I want .49 again or better.. Reasoning? Fractals on SBD Chart.. experience, gut feeling maybe.. I find value to your writings actually.. Your a cool dude and pretty smart as well and a good trader so far from what I have read of your work.. I sold all my btc today on a dragonfly on the 15 min.. 


![dragonfly.png](https://steemitimages.com/DQmTPu6s6bgfczvhv1LncV3FvDsPomJneL277KnKDmXC4gJ/dragonfly.png)

I just figured this out but you can right click open new tab for bigger image.. But hour was a doji, volume declining as was MACD, then bear hammer and dragonfly.. Out at 12,885.51... Also if you go here:

http://thepatternsite.com/at.html

(I use his information a lot on pattern targets and I study at least one every day.. I have been through all the ones on that site twice at least now I think..) I am back in the "R's"..

also here is all the patterns.. http://thepatternsite.com/chartpatterns.html 


 you can do the math on the breakout from the ascending triangle and it had a target of 13,075 so I was already getting ready to leave at the 13,000 mark. The 1hr doji, and 15 dragonfly hust helped me make the decision.. 

Again.. I hope low 12,000's.. have to see what the 2 hour does..  


I missed the 12,300 as I had it set, then go emotional as it was coming down fast.. so I backed my buys down to 12,125... 12, 100.. (stupid emotions..)... I'm thinking that 11,690 will be the low point...its the 1 hour 77 and also a 38 Fib Retracement of bottom 9300 to top 13000 on 2 hour.. 

Again.. I hope low 12,000's.. have to see what the 2 hour does..
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@ervinneb ·
$0.02
Another great move ! You are a very good trader. Thank you again for the time you took to explain this to me. I am very grateful for your comment.BTC is acting interesting today, we did a good job predicting the volatile weekend.
👍  
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@pawsdog · (edited)
Volatility when taken all at once say in a giant picture of chaos can be scary.. but if you break down what an asset is likely to do in smaller time frames it becomes less volatile..  It also and most importantly lets you stay prepared and unemotional. If I look at my charts and pick good potential support levels, bounce points etc.. Then when an asset pulls back I don't have to panic because I was o.k. with it as I had prepared for that. 

Take BTC from 11,100 to 13,000.. back to $12,500, up to $12,890.. down to $12,300, up $12,620 down to $11,600 and (possibly back to $12,300 and beyond).. Where am I? sitting on some BTC I bought at 11,750 with (a limit order while I was asleep) so I'm up as we speak.. does not always work out that way but I was prepared and had no need to panic..I know all those prices in my head, I have  map going back weeks in my head of the price..  You have to know it that well, know it intimately like a partner so it treats you well..

Now you have a lot of FOMO people with $13,000 BTC that sold at $12,000 or $11,700.. because they were not prepared.. and when big drops happen after a breakout or run, they panic sell low, then buy back in higher than they sold but that might be to late again and it reverses etc.. 

When I have BTC I'm just looking to sell it, when I don't I'm just looking to buy it.. everything else does not matter.. I don't care about it, the blockchain, what it does or does not do.. Only that I can sell it for more than I bought it for..

![money.png](https://steemitimages.com/DQmXAPfxM54e7s7U1Uu9biKqwB3wyFq3Gc6ke1JnfK5uEtY/money.png) 

<br>Not bragging by any means, just pointing out that I follow my own advice and put my capital at risk as well.. Or as we say in the US.. I put my money where my mouth is... 


https://steemit.com/bitcoin/@pawsdog/1-20-2017-the-market-view-and-trading-outlook-evening
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@ervinneb ·
$0.02
Strictly business ! i like it ! Do you have some long-term holdings or trading only ? The other day I got emotional and shorted BTG from 200$ - one of the most stupid plays I've made recently. I would really love to enter a trade with you someday, but to be honest I prefer the long-side. SMI ( Short margin interest) is killing me, lol.
👍  
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