One important fact that I should point out is that the current price level BTC is consolidating around is almost exactly correlating with these previous areas of interest. A previous high, a previous consolidation zone, and a long term Fibonacci level. All three of these are areas where one would watch for support or resistance. They might even go to drawing a trend line on the chart like I have done for you below. If the price of Bitcoin dips below this level then it will be very bearish in my opinion as the next major support level is several thousand dollars beneath.
102640653 : It has already bottomed last Saturday as far as I think. Level 17500-17700. It is forming a base as a stepping stone to rise higher n higher which is a good sign. Steady movement to the upside noted. Easy to break up 22k
SpyderCall OP 102640653 : that is right. it appears so. we have made a higher low. we just need to print a higher high then it will look much better in the short term for sure. We really need to just rocket up to 30000 again. I dont see that happening but BTC is know to have rocket fuel
toomanyscammers : heya I have a qn. u noe for tqqq and sqqq, do you know if the p&L reflected by moomoo on our app is the actual p&l with time decay factored in? cos I calculated mine, it seems like the p&l after I completed a buy and sell is calculated based on normal stock calculations instead of with time decay factored in? thankss
SpyderCall OP toomanyscammers : i am not exactly sure. I believe the time decay happens overnight on those two tickers. So it should already include the time decay in your p&l. but again i am not exactly sure
SpyderCall OP toomanyscammers : if you look at the simple yield on your profit and loss then it should be a mors clear picture
toomanyscammers SpyderCall OP : you don't buy those though? or do you track the time decay manually?
toomanyscammers : thanks also for your reply:)
toomanyscammers SpyderCall OP : the p&l calculated from the fund details tab in moomoo that shows up after a trade is calculated based on the formula that I listed above which is the wrong formula for leveraged funds with time decay
SpyderCall OP toomanyscammers : usually I will buy a call or a put instead of those leveraged and inverse leveraged ETF's. it is more risky but more profitable potentially
SpyderCall OP toomanyscammers : you should tell moo moo to fix the formula. they have a lot of small quirks in this trading platform that that they need to work on. That could be one of them
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