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Tezos (XTZ)/USDT Market Cycles Pivot points (zones) PsychologyI have combined the idea of learning by cycles and pivot points (zones) with an actual trading idea for positional work using the example of the Tezos (XTZ) coin paired with USDT (USD).
According to Dow theory, there are 3 types of trends:
1) main (long-term).
2) minor.
3) insignificant (small).
3) Phases of trends.
In turn, each trend has the following phases:
1) phase of accumulation (set of position).
2) the phase of public participation (trend development)
3) panic phase (reset position).
4) the phase of price reduction (dump).
1. The phase of accumulation. (position set).
This stage occurs after the market has finished the downtrend and the dump is stopped. The price has formed a "bottom", in slang they say "bottom". It is at this stage that traders and investors enter the market, which can rightfully be called professional. They have the greatest amount of information (often internal - insiders) about the current state of the market and are the first to start active actions. The rest of the market participants do not realize at this time the state and direction of the market.
Of course, the accumulation phase is not easy to detect. It often follows a downtrend. And it can be, in turn, just a minor trend in the general downtrend. As a result, instead of a new trend, only a temporary pullback is obtained. From a technical point of view, the beginning of a new trend is always accompanied by a period of consolidation. This is when the market goes sideways and then starts to show an uptrend.
2. Phase of public participation (trend development).
Participation Phase Advanced investors and traders enter the market in the accumulation phase. When the trend really reverses, the public participation phase begins. Here the crowd enters the market. As this stage progresses, more traders jump into the current move as fear of loss is suppressed by greed and fear of missing out on an opportunity. This phase is the longest of all and is also characterized by the most active movement. Highs are constantly being updated - exactly what investors have been waiting for. The trend is developing. When this stage begins to end, the "last majority" jumps into the market and trading volumes begin to increase significantly. At this point, the theory of great stupidity prevails. The price rises significantly beyond historical levels, and logic and reason give way to greed.
While the majority enter the market, professional traders cut or close their trading positions. But as prices begin to level off or the rally slows down, those latecomers who stay out of the game see it as a buying opportunity and enter the market. Prices make the last parabolic move, known in technical analysis as a buying climax, when the greatest profits are often made in a short period.
3. Panic phase (reset position, distribution)
This is the phase where experienced traders and investors exit the market, and less experienced ones, on the contrary, enter the market. As a result, these investors and traders are excited about buying at the peak of the trend, shortly before its spectacular fall. The same phase is also a reversal one - professional investors and traders understand that the market has exhausted itself and begin to close their positions opened in the first phase.
To identify this phase, it is necessary to carefully study the signs that the market rally is complete. Moreover, the more active the market growth, the stronger the subsequent fall will be.
In the third stage of the market cycle, sellers begin to dominate. This part of the cycle is identified by a period in which the bullish sentiment of the previous stage is replaced by mixed sentiment. When this stage is over, the market direction changes. Classic chart patterns such as "double and triple top" or "head and shoulder" are examples of such movements that occur during the distribution stage.
The distribution stage is a very emotional period for the markets as investors are gripped by periods of complete fear, interspersed with hope and even greed, as at times the market may seem to be rising again.
Panic phase in a downtrend.
A similar story is when the main trend is bearish and goes down. The situation repeats itself in a mirror image, and at the implementation stage, a real panic is often formed, when many inexperienced investors and traders dump their assets and the price receives the last downward impulse before growth.
4. The phase of decline. (Dow did not separately identify this phase in his writings. In Dow's theory, this is the final stage of the distribution phase).
The fourth and final stage in the cycle is the most painful for those who still believed in the price increase. Many are holding them because their assets have fallen below their original amount. It is only when the market is down 50% or more that many of those who bought during the distribution stage or early in the decline give up. "Faith is being killed!" For more experienced traders, on the contrary, it serves as a buy signal and is a sign that the formation of a bottom is inevitable.
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4) Choice of cycle time.
An intraday trader who trades relatively small amounts and uses 5-minute candles can see many full cycles per day, while, for example, a positional trader using a weekly or monthly timeframe charts can see several cycles per year (average liquid instruments) or an extended cycle for several years (highly liquid instruments). But he also works in relatively large amounts that are not comparable to a scalper trader.
Your task is to learn how to correctly recognize market cycles on your working timeframe and use it in your trading.
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5) Points (zones) of price reversal.
It is necessary to immediately clarify the point (zone) of the price reversal always remains a potential point (zone), because it can act as a continuation of the trend. It is just that in certain zones there is a greater likelihood of a change in price movement than in others. This is very important to understand. Work like a trader, not like a "successful" wang hamster with which the Internet is clogged.
No one knows the exact future. You can identify potential more or less likely price movements and use this in your trading. It is also worth noting that it is not possible to predict everything. It is important that a large number of your forecasts for price movements, thanks to your experience and knowledge, are correctly determined.
Theory without practice is zero! Only your knowledge, modernized to the reality of the market, can give results in practice.
How market makers shake you out - ZECDear traders,
This is an educational tutorial showing you how market makers shake you out of a long position.
Most retail traders would recognize the blue box on the chart as a level of support. Therefore, it makes sense for retail traders to place their stop loss closely below, because in theory the bullish trend should turn bearish when support is broken to the downside.
Market makers know how retail traders think and therefore push the price lower with a wick (as visible on the chart). This wick, which dips below support, causes many stop losses to trigger of retail traders.
When a retail trader's stop loss triggers (of a long position), it turn into a market sell order as many of you might know.
Now.. all these triggered market sell orders create huge buying liquidity for market makers to stack up cheap, without increasing the price instantly, because there is enough buying liquidity (provided by stop losses of retail traders).
Be careful where you put your stop loss. You do not want to give up a great entries in a bull market!
Goodluck,
Doctor Hugo
Short-term trading kills your deposit (2 part)Let's explore the topic of our previous post a little more and see what other mistakes you could have avoided.
As we identified in the last article, the first mistake was trading on the news. Second on the list, but not the second most important, is your trading style. Your profit depends on the trading style you follow, it's a fact.
At Pennygene we are supporters of long-term trading and investments, but there is also short-term intraday trading. To understand why we are not in favor of the intraday style, let's find out what makes it so special. Almost all beginning traders come to the market with a small capital of up to $10.000. It seems to many people mistakenly, that they cannot make a large fortune without using the leverage and dozens of deals every day. Sometimes intraday traders use more volatile assets and this approach becomes very dangerous and unreliable when combined with big leverage and market bounces. So any minor correction of 5-7% can ruin your deposit, and for the cryptocurrency market, these kinds of dumps are commonplace.
Newcomers to trading mistakenly think that a basic knowledge of patterns, price, and trading volumes is enough to succeed in intraday. But this is far from being true. I have repeatedly heard from traders with many years of experience that they think they have not enough knowledge for intraday.
Even with a small capital, a long-term trading style can bring you stunning results. Our reports confirm this.
May the big profit be with you!
CRYPTO TRADING TIPSI made this post so that myself, along with other traders trying to step into the Crypto world can have a better idea and some insight to what lies ahead.
If you can drop some your thoughts on tokens, the Alt coins and also a few sites like Defi, Coin Gecko and 1inch, it would be appreciated. Trading the lesser known coins obviously are obviously high risk, but they also present opportunity for high reward.
More importantly, outside of the crazy news events that spike crypto sometimes, how does technical analysis stand over time vs fundamentals. Herd mentality, the big discords...I want to know it all..
I'm open to any other things worth knowing!
Thank you!
Crypto Correlation - Etherium - BitcoinI posted an idea yesterday on the Accumulation phase of Bitcoin currently. I have been asked by several people in the post and in DM's about Etherium, Litecoin and other alt coins.
Thought it be easier to make a post.
As professional traders enter the crypto market - it's clear to see a shift in the behavior of Bitcoin and its merry men.
If you zoom out and look at the daily charts or bigger, it's clear to see the dips and peaks at the same times - meaning BTC is a good indication of the rest of the coins...
Why? - Bitcoin is mainly a store of value, it's making entry into other alt coins easier - it's more trusted (i would like to say it's more understood, unfortunately not the case). You have several types of crypto players:
- Early adopters (usually tech guys n Gals) who believe in the concept and want to change conventional thinking.
- Consultants (usaully ex KPMG, PWC) will call themselves experts, charge the early adopters thousands in fees for their business acumen & adding no real value.
- un-sophisticated investors; wanting to invest in the next facebook.
- Friends of early adaptors who now see $$$ signs.
- Tech investors who see more than a trade setup.
- Savvy investors who want control (these guys take it to "investment instrument level"
- Then the late adapters - who want to play, make a few dollars, and hope to ride the bull wave to the moon.
- Everyone else.
The issue is the more institutional traction, the less likely of a full out bull run - investors know how to play the game to sucker the other parties into making more money for themselves in the process. So we will now start to see behavior more like Gold, Oil, FX - instead of the tech boom bull runs.
As traders, not investors - you need to adapt. If you are not looking for a drawdown, you need to buy the dips. Whereas an investor would pile in the money and come back in 5 years.
As far as Etherium, Bitcoin or alt coins. Think of it like this. Bitcoin is kind of what the USD is to currency and commodities. An easier way of putting it is "Bitcoin is the windows of the operating system space" - Ethereum is like Linux - it can be used for projects, not everyone understands it or wants to. It has its place and that has value in its own right.
Feel free to comment below. Enjoy the rest of the weekend!
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
Guide to Fundamental Analysis in Crypto WorldLet's consider a very important topic of fundamental analysis for cryptocurrencies.
If we talk about traditional markets the fundamental analysis takes into account the company's financial statement and macroeconomic climate, but in case of cryptocurrencies this information is unavailable because the lack of the publicity.
As a result the technical analysis role in crypto world is more significant, but applying the FA you can significantly improve your trading results.
Here is 7 areas which should be analyzed to apply complex approach.
1. ROADMAP AND WHITEPAPER. This point is most significant for the altcoins. The most reliable projects have a very serious development plan, every step should be explained in details in the roadmap and whitepaper. If it's not everything good with it, the project could be just scam.
2. MARKET CAPITALISATION. It is simple the coin quantity multiplied by the current market price of one coin. It is widely known that the lower market cap associated with the higher potential price growth.
3. VOLUME. If the coin has a low volume traded the huge manipulations could take a place in the market. The coin should be represented in the largest cryptocurrency exchanges it increases the probability that the corresponding project is not a scam.
4. COIN SUPPLY. Here we should know about if the coin supply restricted or not. If it is restricted the increasing demand pushes the prices higher.
5. FOUNDERS. The projects with a great potential is driven by founders and developers which have already realized some successful projects. In the opposite case it is probably scam.
6. DOMINANCE. On TradingView you can find the market dominance of BTC, USDT, ETH and Altcoins. This is the demonstration of the capital flow between different cryptocurrencies. For example if the BTC dominance decreased and Altcoin dominance increased the Altcoin's prices are not so significantly affected by the Bitcoin price changes.
7. NEWS. This is the most important part of FA, especially for the large cryptocurrencies. Thus the positive news push the price higher, while negative one entail dumps.
Can You Analyze ETH? Yes But It Isn't Easy, It Isn't What ThinkCan You Analyze ETHUSD? I can, But It Isn't Easy, It Isn't What Think!
Charting is very complex...
I don't like charting these because I can give a very compelling article about why ETHUSD should move to "x" direction based on the signals that I see, but the next minute the contrary happens and many people don't understand how this work and then they blame it on me.
I received the support of many here because I found a way to figure out when a bottomed-out altcoin was about to go up...
But predicting market movements is not what I do but you really can't, you can only read the charts.
But the charts are always changing and no beginner can understand this... and those who understand, have no reason to read.
So, you want me to read the signals coming from the Ethereum (ETHUSD) chart?
I can tell you about the bearish divergence now present with the RSI and the MACD.
I can also tell you about a strong bearish candle printed yesterday and tell that this can lead to a drop.
But when you think about it, prices are above EMA10, all major EMAs and the bulls are still in control.
Trading can be easy here, very easy for me.
You set up a plan, something like this:
1) If prices move and close above the last high at $637, the potential is we see additional up.
If we carry a bearish bias, we can SHORT here and this would our stop-loss.
2) You set your targets on the next strong support.
You see, trading can be very simple but not reading the charts.
When it comes to reading the chart we have mixed signals all the way to the Moon.
We have the bearish divergence on the RSI and MACD yes, but you also have higher highs when it comes to candle wicks and candle close.
Prices are still above EMA10, so any bearish signal can be temporary and easily erased.
I personally like to skip these types of charts, because if you are trading to make money there are definitely easier ones.
Still, many people asked to chart this one, ETHUSD and here it is...
In summary:
Technically ETHUSD is bullish, for sure... We have a bullish trend, bullish indicators, and prices hitting new highs.
But, at the same time, a correction can start to form.
We can see high bear volume on the red candles... and after strong bullish action it is normal to see retraces and correction... so there you go.
Did you enjoy this post?
Hit LIKE for more and to show your support.
Namaste.
JUST (JST) Breaks The Downtrend... Time To Grow!This one is also pretty good... JSTBTC, the details are described on the chart.
First, you see the steep decline, the bear wave/bear market, whatever you want to call it...
What follows is the consolidation phase, this is when prices go flat/sideways.
And then we have the bullish breakout, this is when prices start to move up.
For all this, we have many signals coming from the charts that can tell you about each phase taking place.
If you can spot one or the other, you can predict what will happen next.
This is Alan Masters.
Additional information on the chart.
Namaste.
ETH/USD: Market Cycles and Investor Sentiment ExplainedIn this post, I’ll be shedding light on market cycles for cryptocurrencies, specifically Ethereum in this case, and how investors’ sentiments are reflected at certain phases of the cycle.
Market Cycle Explained
- We can refer to the graph in green, which demonstrates the overall market cycle
- Markets undergo phases of contractions and expansions, forming peaks during the expansionary phase, and troughs during the contractionary phase
- Overall, the market moves in an uptrend, forming higher lows and higher highs throughout
Market Sentiment Explained
- Along with fluctuations in price movement caused by volatility, traders’ and investors’ psychological responses are also reflected in the chart
- Prior to a bullrun, market participants are at a phase of disbelief. They think that prices will get rejected at resistance levels, and fail to break out
- After a breakout takes place, hope starts to settle in. People think that maybe a recovery to previous high levels are possible
- Then comes optimism. People start seeing the bullish trend that has been confirmed, and start thinking that this is the beginning of a real bullish rally.
- Afterwards, we have the belief phase, which is when people start to get fully invested in the asset or security. This is also where people start coming up with extremely bullish price targets for the long term.
- The thrill phase. People start getting extremely greedy at this point, and start buying more on margin, leveraging debt to increase their positions. At this point, prices are still going up on a daily basis, and people are still profiting from the immense buy volume, so they lead in their friends and family to invest as well.
- Then comes one of the most important phases, euphoria. At this point, people think they’re geniuses, and that they’ll be set for retirement next month. This is the phase were everyone is bullish, and the only thing leading price action is the momentum caused by new buyers
- The price of the asset tops out and corrects, reflecting a complacent sentiment. People just consider it as a healthy correction, and that the rally is deemed to continue upwards.
- Prices correct even further, stirring anxiety among investors. People start getting liquidated on their margin positions, and realize that the correction is extending further than they anticipated
- The denial phase then kicks in, as prices drop further. Investors refuse to accept that the trend has reversed.
- Prices drop even further, breaking all support zones, getting closer to new lows. Investors who have bought the top sell their positions here.
- Due to mass sell volume, capitulation takes place, and investors start thinking that the asset was never a solid investment decision.
- As prices consolidate around the bottom without any signs of a trend reversal, anger starts seeping in. People blame the market for being too manipulative, and the government for not regulating enough, and preventing such capitulation from happening in the first place
- As the phase of consolidation continues, investors experience depression. A sense of betrayal and self-pity, as they think of how they can retrieve their initial investment back.
- While they go through this negative phase of investor sentiment, prices break out once again, marking the beginning of the second disbelief phase.
Ethereum Analysis
- Ethereum is demonstrating this market cycle on the weekly chart
- It has currently broken out of major resistance levels, looking to continue its rally upwards
- Important resistance zones to keep an eye on are: $490, $620, and $800
- Important support zones to keep an eye on are: $470, $440, and $355
- Based on market cycles, as Bitcoin’s rally tops out and prices start consolidating, we should see capital flow into altcoins such as Ethereum
- Especially with Eth 2.0, an event in which the shift from proof of work to proof of state takes place, we could expect bullish news to drive prices upwards.
Conclusion
In summary, understanding general market cycles and investors’ sentiment is extremely important. Possessing the mental fortitude to buy when others are selling is also an important feat that an investor/trader should possess to succeed.
If you like this analysis, please make sure to like the post, and follow for more quality content!
I would also appreciate it if you could leave a comment below with some original insight.
district0x, What To Do With This One? THIS IS HOW TRADING WORKSNothing goes up in a straight line... Not with these charts.
When prices are going down, we see bounces, green candles, fake moves, recoveries... Then continues the drop...
As prices move up, the same is true...
We have red days, drops, retraces and then the growth is resumed.
We trade but we also read charts.
For me, I have to focus on the reading, this is what I am doing for you all.
For trading, the ups and downs are irrelevant... This is how the trading goes.
Prices going up for a while can be nice but be prepared knowing that they will eventually fall.
They can fall for a few hours, a few days, sometimes weeks, or even more...
When the drops stop, the market resumes the growth.
Back to trading; we don't worry about this at all.
We keep it so, so, so simple...
This is how trading goes.
We set a target (sell price for-profits),
And we also set a stop-loss (sell price in case things go wrong).
Whatever happens in-between does not matter.
We just wait patiently and let our trade develop...
THIS IS HOW TRADING WORKS!
Namaste.
Market Cycles: How to Overcome the Fear of Missing Out (FOMO)In this post, I'll be providing an educational post on the cryptocurrency's market cycle, and how to overcome the fear of missing out, also known as fomo.
It's important to understand that the cryptocurrency market has very clear market cycles.
In order to profit in the cryptocurrency market, it's important to think like a whale .
1. To begin with, whales keep their assets in the form of fiat, or tether (USDT) before the beginning of a market cycle
2. Whales buy Bitcoin with their cash at hand, and this is when we see Bitcoin rally alone
3. Since Bitcoin is the only cryptocurrency to rally, Bitcoin dominance soars up along with Bitcoin's price
4. However, the market trend soon changes as the whales, who have profited from Bitcoin, move onto large cap altcoins
5. These are our typical altcoins at the top 20 in terms of market cap
6. After these coins rally, capital then flows into the undervalued coins with a much smaller market cap
7. Because there isn't enough liquidity, these less popular coins tend to break out the hardest, and demonstrate immense risk
8. After whales profit from small cap alts, it's time to convert their assets back to Bitcoin
9. This process is repeated during a bull run, and ultimately converted to fiat in a bear trend.
So, what are we currently seeing in the market today?
Bitcoin
- For Bitcoin, we are seeing a textbook bearish divergence
- In my previous analysis, I have provided consistent updates, in which the divergences I have spotted, both bullish and bearish, have played out perfectly.
- You can check the previous analysis above.
- As such, it's reasonable to expect this divergence on the longer time frame to play out as well
- The higher highs on the price, and lower highs on the Relative Strength Index (RSI) is extremely concerning
- The Moving Average Convergence Divergence (MACD) also demonstrates decreasing bullish histograms, with a potential death cross in play
Does that mean we have missed the train?
While Bitcoin may be done for the short term (since the uptrend is still intact, and we are seeing higher lows and higher highs on the longer time frames), but there are opportunities to be spotted in the cryptocurrency market.
Ethereum
- Ethereum has been consolidating for a while on the weekly, and has been inactive on the daily
- The Ethereum 2.0 Countdown just recently began, providing bullish stimulus for prices
- Based on the market cycle theory explained above, Bitcoin's short term bearish signals suggests an opportunity for Ethereum to break out
- Considering that Bitcoin dominance is trading within a downtrend over the long term, we could expect price action from Ethereum in the coming days
- For my analysis on ETH's long term price action, check my previous analysis below:
Conclusion
In summary, seeing everyone else make money while you sit on a pile of cash, might be frustrating mentally. But as I always emphasize, trading is a psychological game. Successful traders have a good understanding of the market psychology and cycles. As such, capitalizing on trading opportunities require a combination of proper knowledge and patience. There will always be opportunities, regardless of the market situation, as beauty is in the eye of the beholder.
EMPTY YOUR MIND: PSYCHOLOGY OF A TRADERWe have always believed that the business of Cryptocurrency Trading thrives on 3 things – Intelligence, Psychology and Information.
If all humans had the same level of IQ and everyone was emotionally zero (i.e. had similar psychological traits) and if the flow of information to everyone was equal, then what purpose would the Crypto markets serve?
None whatsoever. In fact, it would become the most boring fixed income scheme you could invest in.
Nevertheless, of these three traits, human psychology has the maximum impact on the movement of Crypto prices in the short-medium term.
It is the psychology of a trader to overcome biases and human emotions like greed and fear and envy and desire that sets him apart from the others.
Mostly, a trader just reacts and makes a lot of money if he can correctly predict the behavior of others.
In order to succeed long term you must first understand your self and the relationship between yourself and the market.
Your emotions, thoughts, and perception of the market, and how these relate to actions taken in the market place.
If you do not believe these are directly connected with your actions and therefore performance, you will likely struggle to maintain a consistent performance.
Rather than viewing your emotions as an enemy, learn to use them to your advantage.
Learn to understand the circle or cycle between you and the market.
Mainframe Hidden Bullish Divergence Can Lead To...We are looking at the hidden bullish divergence between MFTBTC and the MACD.
First, here is the MACD, notice the purple line (lower lows).
- There is also a young bullish cross and the histogram going green.
Now, look at MFTBTC, notice the purple line (higher lows).
Can you see it?
That's the signal.
Note: Spotting certain bullish signals have no real meaning/value when it comes to trading...
The market is unpredictable and can always change.
What these signals can be used for is to support the action, buying or selling, that you will take/make.
Feel free to hit LIKE now to show your support.
Namaste.
Luna Starts To Look Up (How Does It All Works?)The bias on the chart above can be seen clearly...
Prices continue to aim higher.
The market moves in cycles...
The pairs move in cycles/waves...
We always have up and down, up and down...
In between cycles, we have consolidation and distribution periods.
After the strong bullish wave that took place for LUNABTC, we have a classic strong correction... This is where beginners get scared and think the pair is done.
But if you look at it closer, you can clearly notice higher highs and higher lows.
When you get HHs and HLs, this signals that the bullish trend is still on (uptrend), so we can expect additional growth.
We can wait patiently for the next jump.
Only if prices print lower highs and lower lows, we can expect for things to go wrong.
As the chart looks now... The Luna bulls are in full control.
Namaste.
Choosing altcoins for trading and investmentHello!
Our vision of choosing altcoins for trading and investment.
📌 The above advice is suitable for any type of altcoin, consider them only in the alt / usd pair.
When The Action Is Already On, Focus On The Long-Term QSP|2000%+Below you have the chart for Quantstamp (QSPBTC) on the daily timeframe after a 250% bullish run:
Once prices start to move, how to know if there is additional potential for growth?
Zoom out.
Raise your time frame...
Let's see how it goes!
Here we have QSPBTC on the weekly timeframe:
Looking at it now, we can see that the 250% bullish run is only the beginning and also notice the huge potential still left available for growth.
From the current price to the All-Time High, we have 1900%+.
As you can see... Looking at the long-term chart can give you a better idea as to what might come next when the action is already strong in shorter timeframes.
Thanks a lot for reading.
Namaste.
Blox Bounces, Time To Move Up!Here is a very simple signal that I like and enjoy...
When you see MA200 dropping fast down but prices move above, this is a signal that the next move will be up.
Keep in mind that is recommended to look for multiple signals to support your bias...
One signal can be good/strong but in my opinion is never enough.
Also, make sure to build a plan before you trade.
The signal can tell you about a price jump/drop, but it doesn't tell you what to do after so better prepare.
Namaste.
The "W" Pattern ExplainedThis pattern is very common when looking at the altcoins trading pairs (cryptocurrency).
It looks like a "W" and works only when a higher low is present.
The "W" Pattern Explained
As prices drop and a low is hit, we get the first push up, followed by a drop that ends it in a higher low which signals that the pattern is complete.
After the second push, we get a final retrace before prices resume up.
Note: Even if you spot this pattern, you still need a plan/strategy before you trade.
You need to have a stop-loss, in case the prices drop and a target to secure/collect profits if the pattern plays.
This is Alan Masters.
Thanks a lot for your continued support.
Namaste.
Another Look At IOST Since Our May Trade (80%+)Patience is key... Is true.
For many, a month is a very long time to wait, especially when you are just getting started.
If you are not trading or you incur a loss, it is not that long to wait 30 days plus to earn 83%...
It is worst to lose small amounts over and over by changing trades...
See it below
That's how our IOSTBTC trade looks after just 40 days... Remember this always... It is better to wait and win than sell and fail.
Now, this pair can produce so much more growth.
Prices are just moving above EMA300, which opens the door to an impulse move.
The next target is marked on the chart.
Namaste.
Tutorial how to catch a signal $ftm as an example.When all indicators give buy signals together so this could mean a great pump or at least a good percent.
this is a sample of how all indicators give the signals together one by one.
the take profit action should once get sell signal from two signals at least or once you see that you got a good profit and you want to close the deal.
we use a 1H timeframe for our indicators.
thank you for reading.
Fantom (FTM) Continues To Grow... (Results Inside)We got Fantom (FTMBTC) since early and we also have the full trade, shared below, with over 66% of profits...
What will happen next?
First, here is the full trade signal shared back on April 12:
What we do now is that we sell a portion at each target to secure/collect profits.
We do not buy when the prices/trade is already moving (FOMO), you can do so if you know what you are doing, we only buy when prices are low/red/trading near support.
Once the action starts, we wait patiently and collect profits on the way up.
Keeping it simple... Buy low, sell high.
Once you hit bottom, the only place left to go is up.
This is not financial advice.
Thanks a lot for your support.
Previous chart | Jun 2
Namaste.
How Momentum In Markets Effect Price PredictabilityWithout algo-assisted buy/sell signal trading tools, you have a few difficult choices...
You either trade far less often, based on longer term swing trades, with an emphasis on accumulation... or you develop the skill of a professional trader and keep an eye on the markets for short-term timeframe opportunities.
Most people getting into the markets, especially the crypto market, trade with the skill of a long-term swing trader, but do so using short-term timeframes for entry/exits.
And that's how they continue to get their dreams of financial success decapitated by the more sophisticated market makers.
After learning candle stick formations... and after learning the basic indicators of MACD, Ichimoku Cloud, RSI... and support/resistance levels and trendlines... the next skill level is to appreciate momentum. No, not the 'momentum indicator' per se, but an appreciation for how momentum has to be clearly on your side at higher time-frames, before exit and entry positions can be taken seriously.
Only yesterday we published a chart on the 2 day time frame for LINKUSD that was a SELL, where as another trader published a chart on a 12 hour time frame for LINKUSD that was a BUY.
The market cratered soon after and his chart looks like one of those memes of despair.
The very simple difference, we believe, is that we checked the higher time frames for overall market momentum, where as he apparently did not. It's a more common mistake than you might think. And an easy one to fix.
Remember, long-time frames trump short-time frames.
Why?
Because of momentum.
Imagine an oil tanker in the ocean (representing high time frame). It takes time to turn but it does so with power.
Imagine a tiny little speed boat (representing short time frame). It can change direction in the blink of an eye, and it does so with light agility.
Imagine a jet ski (representing a 15 minute chart). It may be fun and you get to see a lot of action, but there is zero reliability of where that thing is going from one minute to the next.
Which of those 3 types of boat would you place your bets on for the direction and position it may be in, in the near future?
Easier to predict the oil tanker direction and location right?
Same with higher time frame charts.
Once you establish your view of market momentum based on higher time frames, then you can drop down into lower time frames to get a better sense of the short-term direction, looking for various styles of trading opportunity, such as entry/exit for swing trading, or scalp opportunities with clear Take Profit targets.
Happy trading.
Team Sparkster for SparksterSignals
