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Never trade on news. Everything is hidden in the price action !Everyone was looking for ETF confirmation to get long. But the market turned red! US SEC grants approval for spot bitcoin ETFs - RTRS but the market moved against expectations. This is why we say never trade with fundamental news. Everything is hidden in the price action. Bitcoin had reached the ceiling of the channel and also our indicator had given a short signal. So, contrary to all positions, we opened the shorts and had fun!
Education
by Bullishway1
2
Risk Management vs. Time ManagementHey! Have you been spending day thinking about mistakes you made and things you didn't do? Investors are knowingly comparing an exchanges to a casino. A gambler, losing, does not get up from the gambling table in the hope of winning back. He believes that the likelihood of winning increases with every lost bet. This phenomenon, called player mistake, is common among investors. The pioneers of the theory of behaviour finance Hersh Shifrin and Meyer Statman showed in 1985 that investors intuitively misjudge the likelihood of repeating random results - they hold unprofitable positions too long, hoping for a return in prices, and close profitable positions too quickly, fearing that the movement will end. The assertion that the market cannot fall for many sessions in a row is untenable. Short-term changes in asset prices are mostly random, notes analyst and author of several books on behaviour finance, James Montier, in his article Global equity strategy, gamblers fallacy. Tails does not become more probable after a series of heads, the coin has no memory - in the same way, the chances of success do not increase after a series of failures. The major problem in the trading when we trying to recoup from losses. Many people make this mistake over and over again. The reason of this mistake is the unwillingness to accept and calculate affordable losses and come to terms with the result, the wrong internal setting that you must end every trade and every trading session with a profit. But not every trade will be profitable. How can I avoid this mistake? 1. After loss trade, tell yourself: "Stop, I won't trade now, I will pause." 2. Analyze the failed trade and write it down. Thus, you will allow yourself to "cool down" and more intelligently approach the situation on the market. There will always be opportunities, don't be afraid to miss out on any movement and profits. 3. Calmly develop a new trading plan based on market changes. If according to the trading plan you need to enter, then enter and earn. Do not rush to enter the market immediately, because it is easy to enter, but it is difficult to exit, since it is no longer possible to change the initial price at which you entered. 4. Make sure you following your risk management and always trade with possibility to lose. Stay safe and good luck!
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GEMINI:BTCUSDEducation
by ArShevelev
69
Barrelin 2.0 - Without Rules There Is Chaos!I am now about 4 weeks into sharing my #Barrelin pattern and associated trading strategy mostly on Twitter. In that time I have developed more regimented rules in hopes of automating the hunting if not the trades themselves. Here is the strategy as it stands today: ————- Entry 4hr close above 75% on RSI (14) Continuation Hold EMA (8) on 4hr close OR 1D close above 75% on RSI (14) (aka ‘Handoff to 1D’) AND Hold EMA (8) on 1D close OR 1W close above 75% on RSI (14) (aka ‘Handoff to 1W’) AND Hold EMA (8) on 1W close OR 1M close above 75% on RSI (14) (aka ‘Handoff to 1M’) AND Hold EMA (8) on 1M close Exit Close below EMA (8) on current timeframe that is #Barrelin ——— These handoffs are ideal but I am also starting to see, especially in stocks, the 4hr time frame is not only awkward with the limited trading but there are entries all the time on the higher timeframes without handoffs. The lower timeframes give an idea of momentum and personal preference can be used what timeframe to enter. This brings context to if you are “late” or not. I have posted over 650 tweets in those 4 weeks so searching through #Barrelin will help give a better idea of the ridiculous gains with it. Obviously there are fails and losers as well. I try to post these as well in order to see where the strategy can grow and evolve. The biggest evolution I am currently working on is a trailing take profit with a re-entry. Not sure how hard that part will be to automate but might as well fine tune the idea as much as possible and see what comes of it. Just with the shear volume of crypto and stocks I am following I have narrowed things down to just BTC pairs on Binance for crypto and no longer monitoring timeframes below the 4hr. It is personally impossible to still have any sort of life at that level. As for stocks I have been transformed into a fanboy!!! I can’t believe it. The gains seem to be more consistent and much more explosive - at least in the current atmosphere. There is still crypto popping off but I recommend crypto lovers to give my timeline a visit to see the crazy gains. I am loving the engagement with me and my strategy and I feel it is helping people which os my ultimate goal. I look forward to what the next 4 weeks brings as I try to scale this. Thanks for reading all the way through. Time is precious and I appreciate you investing some of your time here.
Education
by BarrelinChad
Binance Hot list coin July 15, 2020 : XMRUSDT #3Looking similar with the other 2 coins IOTA and BNB. Currently the price is trending slightly below the resistance zone of the ascending triangle pattern for short term perspective. But, for longer term perspective there is a small gap for the price to test the resistance trend line that is a strong resistance zone. Breaking above this resistance trend line will lead the price to the new up trend bias in long term. The hidden bullish divergence is occurring and I think the take off will take place soon.
XEducation
by julio24albert
1
Binance Hot list coin July 15, 2020 : BNBUSDT #1The price is having a strong momentum to breaks out of the white resistance trend line soon in the near future. There is a strong horizontal resistance zone that the price is currently trending at. However, this zone is having an alignment with the resistance trend line formed in the daily degree. Another strong indication that the momentum is so strong is that there is a higher low on the price action but lower low on the RSI showing us the criteria of hidden bullish divergence as the continuation pattern to the upside. If the price can breaks out of this current resistance, potentially 40% profit with parabolic moves at the blue region.
Education
by julio24albert
Binance Hot list coin July 13, 2020 : BCHUSDT #3Breaking out above the green resistance trend line with a huge candle which is good for the upside potential. Currently, the price is trending slightly above the white support zone which is a strong zone for buying during this accumulation. All I can see is an upside potential moves with a short pullback to $230 region as the support line and the $225 as the potential liquidation level. After that, upside movement is imminent toward $270 in short term.
Education
by julio24albert
Binance Hot list coin July 13, 2020 : ETCUSDT #2Here is my premature deduction based on the Elliot Wave Theory and count on Ethereum Classic. There could be a complex and flat correction wave on 4th which forms a potential descending triangle that usually becomes a failure. Beside, the RSI has its first peak and there could potentially the 2nd peak which forms a lower high but higher high on the price. Breaking out above the resistance trend line will activate my laddering buy.
Education
by julio24albert
Binance Hot list coin July 13, 2020 : QTUMUSDT #1Quantum is looking good for now. The action of slowing down of the volatility and the fact of the contracting triangle to form after a huge break out from the white resistance trend line could be the action of the accumulation zone. During this accumulation phase, the bulls is slowly gaining some momentum of potential breaks out to the upside of the triangle. Currently there is a hidden bullish divergence occurs between price, RSI and MACD. This is one of a good sign of potential bullish continuation.
Education
by julio24albert
2
Binance Hot list coin July, 8th 2020 : BATUSDT #2Looking at the price, you can see that the price bounced right after it touched the golden pocket zone which is having an alignment with the 200 Moving Average on the 4 hours chart. The price potentially is forming a sign of inverse head and shoulder which usually is very bullish as a reversal pattern from correction. If the price can breaks out of the white resistance trend line as the neckline, there will be a huge spike to the upside in near future.
Education
by julio24albert
1
Binance Hot list coin July, 8th 2020 : XRPUSDT #1A simple deduction of current price action and the chart pattern of ripple. With the structure of bullish falling wedge pattern, there is a possibility of the price to moves up higher and challenge each fib levels especially the golden pocket as a strong resistance. The fact that there is a bullish divergence on RSI and MACD making this structure is very interesting. The key movement is to breaks out of the white resistance trend line and the upper line of this falling wedge.
Education
by julio24albert
Binance Hot list coin July, 7th 2020 : NPXSUSDT #2The price is currently forming a Symmetrical triangle with the sign of lower in volume and volatility. On the 2 hours chart the price is trending slightly above the EMA 55 (yellow) which acts as a dynamic support. This is however a strong support for Pundi X. While the price comes closer to the APEX of the triangle, I'll expect a breaks toward the upside and targeting the white region as the nearest resistance and the interim swing high.
NEducation
by julio24albert
Binance Hot list coin July, 6th 2020 : XTZUSDT #3The price is trending slightly above the white region support. This white region support however is a strong support zone which has confluence with the 200 MA on the daily chart. Another confluence reasons to enter this trade in the upcoming session is that there is a regular bullish divergence if we compare it with the RSI. A lower low price action with the higher low RSI on the oversold region. My entry point will be when the price breaks out of the white resistance trend line on lower degree and targeting the golden pocket zone which is in alignment with the upper line of the channel.
Education
by julio24albert
Binance Hot list coin July, 6th 2020 : KNCUSDT #2On the 2 hours chart, the price is trending slightly above the 55 EMA which acts as a strong dynamic support (yellow). Beside that the price is now forming a strong bullish falling wedges. This is however could be the action to complete ABC zig zag correction structure. I will only catch the B wave which align with the golden pocket zone as well before shorting the C wave. Just like usual, open long position when the price breaks out of the upper line of the falling wedges.
Education
by julio24albert
How Should you SCALP a FLAT Bitcoin? DONT get stopped OUT!HEY! As we all know Bitcoin has been trading in a defined range- this gives a large opportunity for money if you know what you are doing! If NOT, you simply lose a lot of money. In this video we show you how to use the Higher Time Frames to define your scalping levels, this is a crucial step before you proceed to the minute chart. -Megaldon Stay Safe/Like/Comment and Share your Strategies BINANCE:BTCUSDT KRAKEN:XBTUSD BITMEX:XBT BITSTAMP:BTCUSD
BITSTAMP:BTCUSDEducation
by BoSukas
1
Binance Hot list coin July, 4th 2020 : IOTAUSDT #2IOTA is currently trending above the white resistance trend line after a phase 1 of break out strategy. there is a high probability that at current structure, the price is forming the 2nd phase of break out strategy which is retesting the previous broken resistance as a support. After this break out, the price forms a descending type of triangle which I expect it to become a failure with a break out to the upside. The confirmation of buy is when it has broken out of the upper line of the triangle and simply targeting the interim swing high.
Education
by julio24albert
Bitcoin : Is it time for reversal?Bitcoin is now at a very crucial momentum with a lot of bearish pressure has occurred in the short term and lower degree of cycle. This is however still a normal behavior from the market and the choppiness that is still ideal when you see the price tries to break out of the psychological level like $10000 region. If you say that the price is going to reverse at current rate, I do believe it's totally invalid bias because there are still a lot of strong support below this level that you must respect them. Beside there are 2 signs that shows us the price is still in the stage of potential bullish structure. The first sign is the ascending triangle that is still in play. The price has been trending inside this triangle since the beginning of May 2020 and there is no doubt that the price is still maintaining the higher low structure. The 2nd sign of the continuation to the upside will be on the RSI. There is a higher low on the price action but the RSI has printed a lower low which indicates current condition as the hidden bullish divergence as well. My worse case scenario (for bullish bias) is that the price can touches the green region as the interim swing low of current structure. If the price breaks below this region, I will come again and review my bullish bias.
BITFINEX:BTCUSDEducation
by julio24albert