Contrary to popular belief, we have been forming a large bull flag since the market flipped bullish back in February. The next move up will be denoted by a significant swing low. As you can see from my commentary I believe the candle we are forming currently is the swing low we need to move toward 30 / 40 / 50 K BITSTAMP:BTCUSD
wanted to post this because I see so many people commenting on and trading these patterns "incorrectly." I put incorrectly in quotes bc I acknowledge that it's subjective. This is ideal from a risk/reward standpoint. Whether one is right or wrong really doesn't mean that much in trading if you make a lot more money when you are right than when you are wrong (or...
Bitcoin's main trend is upward. Which formed the ascending channel . Always trade with the trend. Decide in which trend you are trading and on which timeframe. Decide on strategy and risk management. Your first enemy is a lack of experience and knowledge. Your second enemy is greed and a sense of lost profits. You always have time to make money, the market...
Let’s say you have been down since.... down to the level of 6k. Paid no attention to those that called you a Joke, When You get determined and, while on your Pace, you could make a 20k And Surely, you will look back and BLESS all that has been supporting you and all that Never gave up On You! THINK!!!
NOT ADVICE. DYOR.
For construction details see previous postings. NOT ADVICE. DYOR.
In this video I cover some of the techniques I use for trade management. I rarely post about how I specifically manage trades. Enjoy! *Side notes* -2% of 10,000 is $200. I said $2,000 but then corrected myself :) -I stated I have probably haven't lost more than 5 consecutive trades. Honestly, I probably have but it has been a while. Due to my defensive...
For a long time I've been saying that here is something in 4H trends. This screecast shows why.
NOT ADVICE. DYOR.
Will coronavirus hedge go parabolic or will Chinese stocks recover? We'll soon find out. Caveat - Line Break Charts and small sample size. NOT ADVICE. DYOR.
Okay so I have not paid too much attention to this in the past but just how fast does the RSI reset itself after a run into overbought territory? Well here is a good example of a comparison that can help us understand that the RSI does not necessarily have to drop with the candles and vice versa. The RSI went down a lot during a pretty flat area in price...
Caveat - small sample & line break chart. NOT ADVICE. DYOR.
shuru dore jadid amuzesh trade bande besurat kususi fagat dore 8 jalase 3500 milion tuman har jalase 3 saat anvae strategy ha va ravesh haye trade by margin , binance baraye tamas peygam kususi bedid lotfan
Using USDCNY (Caveat- LINE BREAK CHART & small sample size) See what happens when MACD signal line drops into negative territory. Significant support line for bitcoin price. See Oil and Gold price effect on support line. Will coronavirus shut down bitcoin mining in China? What will happen when Chinese market reopen. Is bitcoin about to explode? Bahhhhhh...........
As posted in previous postings "If market closes above $8930 and $9177.5 either one looks like could provide next level of critical support going forward, and replace current $7933.4" NOT ADVICE DYOR
Can MACD (line in blue) be sustained above zero. Caveat - small sample size. NOT ADVICE. DYOR.
I have been watching the price movement of bitcoin and I consider a possibility that the current price action is a very rare pattern of the terminal impulse, which consists of 5 waves, but waves of a smaller degree form the 3-3-3-3-3 pattern. This is not 100% true until it is completed, and serious trading decisions should not be made on this basis. However, I...