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Bitcoinstrategy

Convert BTC into Gold when the bear rally is overBitcoin outperformed gold in the last 13 years since its inception but this trend will stabilize and both gold and bitcoin will reach an equilibrium until hyper-bitcoinization. A good way to store wealth made from bitcoin is to put it temporarily into gold during the bull runs and during small bear rallies (as the current one from $16K btc to 35K btc), then re-buy bitcoin in time for 2025 bull run. This way you can avoid using USD or USDT at all since neither is 100% safe, neither is USDC or DAI as they are all centralized and backed by garbage fiat and empty promises.
TVC:XAUBTC
by southofearth
1
Bitcoin update - #BTC Update Technical update Taking a step back and looking at the daily chart we can see that the ascending channel is being respected. Not only that but the 0.78 Fib has been acting as a strong support level. The $39k area is a confluenced support that is comprised of: - Point of control - Bottom of the channel - 0.78 Fib Three technical supports that have held strong. If we look closely at this chart we can see that the ichimoku cloud is thin and was prone to being pierced either way. The Bottom of the channel has been tested 6 times while the top has been tested 5 times, now this is not extremely pertinent because in an ascending channel the bottom has a head start. In any case one of these channel limits will break. Bull Scenario: The market WANTS to go UP! Yess it does, believe it or not , retails and institutionals both want it up right now, and that is at least to the top of the channel. However we will see resistance at fib 0.618 ($41500) and fib 0.5 which is confluencial with ichimoku resistance. Bear Scenario: If we do not manage to hold the point of control, we will be heading for $35k and the next possible supports that are noted on the chart. Trading at the extremities of a channel has it s risks and perks, the risk being that the return to the channel is fake and continuation may occur and the perk being the good RR ratio.
Long
by SublimeTraders
5
Bitcoin - Important Levels :$41100-$41500 for The Next Rise...Hello, We respected the forecast made at the beginning of the week. The next important levels are those between $41170 and $41600. This area needs to hold in order to resume a sustained rise with prices hovering around the red Max flow-lines during this early March. (the slopes of these Flow-lines are calculated according to the mathematical principles of econophysics). If we break these levels and explore the time-price matrix of the red rectangle, the pace of the rise could be reduced to the long-term and short-term channels of the blue Moderate Flow lines. For the moment the time-price relationship is excellent. To be continued... Xavier
COINBASE:BTCUSDLong
by TheoKalia
Bitcoin SEMI-LONG TERM CHART Entries + Exits for FREEHow To Play The Chart Entries/Exits: Buy at green support entry, if it breaks by -35 pips (count it out) then enter a sell and ride to TP1, 2 and 3. Trail stop at each TP which means place your stop loss in profit but with enough room to be able to continue the sell if it continues. Same thing at resistance, sell but if broken by 35 pips then enter the buy and ride to TP1. Each TP is a support or resistance zone , so you could then even take a sell after TP1 for the buys have been hit and if it breaks out then just repeat. All likes/comments and feedback are very much appreciated! Thank you to all of those who support me on a weekly basis, it really does mean a ton to me!
BITSTAMP:BTCUSD
by ExclusivelyFX
3
Bitcoin long progressing 😮👍Everyone is saying bitcoin is sinking! I don't worry which direction it's going in I just follow the trend. Our H1 bitcoin strategy has us in a long trade and that's fine by me. Entry details are shown on the chart. We're only looking for TP3. Trade history can be seen below this trade idea too for full transparency. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. The stats for this pair are shown below too. Thank you. Darren
BITSTAMP:BTCUSDLong
by pow_removetheguesswork
Elliott Wave: 4th wave, get ready to go down, build the 5th wave🎯 I focus on Modern Elliott Waves (Neowave) because this strategy gives me objective to start entry and stop levels. #BTCUSD 📚 According to the Wave Theory: wave 4 cannot cross generally the bottom of the 1st wave in impulse waves . So, we can use the bottom of the 1st wave as an invalid level for a bearish outlook 🤓 Such trades give a limited risk, and the potential reward is always several times greater than the risk. Just what we need!
COINBASE:BTCUSDShort
by erbe
11
A BTC divergence strategy that profits at +413.91% on spotTraders like trading divergencies. They are easy to spot, can work on multiple time-frames, and as so many are watching them and acting on them they may become a self-fulfilling prophecy. Where traders tend to fail is being consistent. They never really write the rules by which their strategy is bound. This leads to random trading behaviour that cannot be analysed or improved. Not a way you want to be treating you trading funds. Here we will demonstrate how to design a profitable crypto strategy that you can follow to the T. It brought in +413.91% in the last year on spot. WILL POST EVERY POSITION BELOW The strategy goals: - Use specific quantifiable divergencies - Use a momentum indicator - Beat holding Bitcoin The strategy: There are a few indicators you can use to craft these strategies like MACD, OBV or Stochastic. In this case we are going with RSI as one of the classic examples. Here are our strategy rules on the 15 min time-frame: - Open position when: BTC/USDT is down by 1% in past day AND RSI (14) is up by 1% in past day AND Price is below EMA(25) - Close position when: BTC/USDT is down by 1% in past day AND RSI (14) is down by 1% in past day AND Price is up by 5% in last 2 days No stop loss or take profit but these rules re followed 100% of the time. The results: The strategy beat holding Bitcoin in the past year with +413.91% compared to 305.16%. The strategy is efficient as it managed to pull it off with only 30 positions. They are held for 12 days on average when winning, and 4 days when losing making this a swing trading strategy despite the lower time-frame. We won 22 positions with an average position of +9.12% vs losing 8 with an average of -7.87%. It would be good to follow this strategy as the larger the sample of positions becomes the better we can evaluate it. The positions: 16/06/2021 19:30 16/06/2021 23:45 4 hours OP 38,940 -1.89% Still in position 12/06/2021 15:15 15/06/2021 13:45 3 days OP 35,539 CP 40,270 +13.3% 28/05/2021 16:30 10/06/2021 22:30 13 days OP 36,189 CP 36,790 +1.66% 22/05/2021 03:30 25/05/2021 12:30 3 days OP 37,012 CP 36,951 -0.165% 21/05/2021 22:30 22/05/2021 01:00 3 hours OP 36,624 CP 37,652 +2.81% 07/05/2021 07:45 21/05/2021 12:30 14 days OP 55,942 CP 40,897 -26.9% 02/05/2021 09:00 06/05/2021 17:00 4 days OP 56,525 CP 56,718 +0.341% 21/03/2021 23:15 02/05/2021 01:45 1 month OP 57,190 CP 57,382 +0.336% 15/03/2021 11:00 19/03/2021 16:15 4 days OP 56,355 CP 58,866 +4.46% 04/03/2021 15:00 10/03/2021 05:15 6 days OP 49,423 CP 53,191 +7.62% 26/02/2021 09:00 02/03/2021 15:45 4 days OP 45,728 CP 48,516 +6.1% 22/02/2021 23:15 25/02/2021 08:30 2 days OP 53,752 CP 50,070 -6.85% 11/02/2021 00:00 12/02/2021 16:15 2 days OP 44,808 CP 47,254 +5.46% 07/02/2021 20:15 10/02/2021 04:15 2 days OP 37,974 CP 45,592 +20.1% 01/02/2021 00:45 05/02/2021 08:15 4 days OP 32,568 CP 37,736 +15.9% 30/01/2021 17:00 31/01/2021 08:30 16 hours OP 33,957 CP 33,748 -0.615% 26/01/2021 10:00 30/01/2021 03:15 4 days OP 31,805 CP 33,604 +5.66% 24/01/2021 01:15 24/01/2021 01:45 30 minutes OP 31,975 CP 32,020 +0.14% 24/01/2021 00:45 24/01/2021 01:00 15 minutes OP 31,960 CP 31,876 -0.262% 15/01/2021 21:15 23/01/2021 22:30 8 days OP 35,711 CP 32,237 -9.73% 10/01/2021 23:30 13/01/2021 18:15 3 days OP 38,289 CP 34,812 -9.08% 04/01/2021 16:30 09/01/2021 11:15 5 days OP 31,084 CP 40,437 +30.1% 29/12/2020 16:00 03/01/2021 19:30 5 days OP 26,615 CP 32,627 +22.6% 22/12/2020 01:45 27/12/2020 21:15 6 days OP 22,761 CP 26,194 +15.1% 02/12/2020 05:00 18/12/2020 13:15 16 days OP 18,551 CP 22,917 +23.5% 22/11/2020 09:45 01/12/2020 15:00 9 days OP 18,411 CP 19,285 +4.75% 08/11/2020 06:45 19/11/2020 04:15 11 days OP 14,976 CP 17,837 +19.1% 29/10/2020 07:30 07/11/2020 00:45 9 days OP 13,208 CP 15,625 +18.3% 02/08/2020 14:00 22/10/2020 23:00 3 months OP 11,109 CP 13,009 +17.1% 24/06/2020 21:00 28/07/2020 22:15 1 month OP 9,299.8 CP 10,962 +17.9%
Education
by CleoFinance
2
Bitcoin (BTC/XBT) Daily Long&Short Trade Setups 2021/01/27Live trades will be called in the latest daily post. Follow me to trade live with me! Also check out my daily post on Ethereum! MARKET OVERVIEW Price Action: Bitcoin is stuck consolidating at the 200MAs, bouncing within a tight range around the 200MAs Patterns: No patterns. Areas of Interest: The area(s) of interest for us are the 200MAs @ $32.2K. Once price reaches one of our areas of interest and gives us a valid entry signal, I will update the trade, so make sure you follow me to get the trade entry signals in real time. TRADE SETUPS Below are the potential trade setups that I would be interested in trading. Regardless of the path that the price takes, I will be monitoring the market for a valid trade entry signal. Short Trade Setup #1: Retest and Continuation (200MAs) To open a short position, we are waiting for price to retrace back up to test the 200MAs and then continue moving down. 1. Price Action: Price needs to move back up to the 200MAs, currently projected to be @ $32.2K by the time price reaches it, and bounce back up. 2. Trade Entry Confirmations: Bearish candlestick pattern, above average volume, MACD topping out TRADESS RECAP: LATEST 3 TRADES 2021/01/27: We had a winning trade! We entered short @ $32236 SL @ $32658, price reached a low of $31350, giving us a risk reward ratio of 2:1, meaning if you risked 1BTC on this trade, you could've made 2BTC. 2021/01/26: We had a winning trade! We entered long @ $31643 SL @ $31171, price reached a high of $32450, giving us a risk reward ratio of 1.7, meaning if you risked 1BTC on this trade, you could've made 1.7BTC. 2021/01/20: We had a winning trade! We entered short @ $34940 SL @ $35560, price reached a low of $28850, giving us a risk reward ratio of 10:1, meaning if you risked 1BTC on this trade, you could've made 10BTC. Why Follow Me Daily analysis on the latest market movements and price zones for high probability trade setups. Live trade signals so that you can take the same trades that I am taking. A great place to help each other, learn from each other, and grow together. Trading education in the form of personal advice and educational materials Constantly testing and adding new trading strategies and refining battle-tested ones. About Me I started trading in 2008, first got introduced to bitcoin in 2009, and have been actively trading cryptocurrencies since 2016. I have worked on Wall Street trading bonds, stocks, and options. I have worked at top consulting firms advising Fortune 500 companies and worked on $10Billion+ deals. I have founded and advised blockchain projects and companies, including in the areas of defi, nft, data ownership, and personal identity. I have taken hundreds of live trades, each recorded with over 50 data points, all meticulously analyzed, using data analysis and modeling to optimize win probability and risk reward. DISCLAIMER: I'M NOT A FINANCIAL ADVISOR AND THIS IS NOT FINANCIAL ADVICE, AND I WILL NOT BE RESPONSIBLE FOR YOUR WINS OR LOSSES, DYOR. Please support me by liking, sharing, commenting, and following, and sharing your ideas and analysis below! Thanks!
by cryptotraderog
5
Bitcoin (BTC/XBT) Daily Long&Short Trade Setups 2021/01/26Live trades will be called in the latest daily post. Follow me to trade live with me! Also check out my daily post on Ethereum! MARKET OVERVIEW Price Action: Bitcoin is stuck consolidating at the 200MAs, even as ETH has broken out to the upside. Waiting to see if BTC follows ETH or continues to languish. Chart Patterns: No patterns. Areas of Interest: The area(s) of interest for us are the 61.8Fib @ $31150. Once price reaches one of our areas of interest and gives us a valid entry signal, I will update the trade, so make sure you follow me to get the trade entry signals in real time. TRADE SETUPS Below are the potential trade setups that I would be interested in trading. Regardless of the path that the price takes, I will be monitoring the market for a valid trade entry signal. Long Trade Setup #1: Retest and Continuation (61.8Fib) To open a long position, we are waiting for price to retrace down to test the 61.8Fib and then continue moving up. 1. Price Action: Price needs to move back down to the 61.8Fib @ $31150 and bounce back up. 2. Trade Entry Confirmations: Bullish candlestick pattern, above average volume, MACD bottoming TRADES(S) RECAP: LATEST 3 TRADES 2021/01/20: We had a winning trade! We entered short @ $34940 SL @ $35560, price reached a low of $28850, giving us a risk reward ratio of 10:1, meaning if you risked 1BTC on this trade, you could've made 10BTC. 2021/01/19: We had a winning trade! We had a signal from a strategy in the testing stage. We entered short @ $36760 SL @ $37150, price reached a low of $36K, giving us a risk reward ratio of 2:1, meaning if you risked 1BTC on this trade, you could've made 2BTC. 2021/01/15: We had a winning trade! We entered long @ $38470 SL @ $37770, price reached a high of $38780, giving us a risk reward ratio of 0.5:1, meaning if you risked 1BTC on this trade, you could've made 0.5BTC. This is our smallest win so far, but a win is a win, and this is the first step on our road back to profitable trades. Why Follow Me Daily analysis on the latest market movements and price zones for high probability trade setups. Live trade signals so that you can take the same trades that I am taking. A great place to help each other, learn from each other, and grow together. Trading education in the form of personal advice and educational materials Constantly testing and adding new trading strategies and refining battle-tested ones. About Me I started trading in 2008, first got introduced to bitcoin in 2009, and have been actively trading cryptocurrencies since 2016. I have worked on Wall Street trading bonds, stocks, and options. I have worked at top consulting firms advising Fortune 500 companies and worked on $10Billion+ deals. I have founded and advised blockchain projects and companies, including in the areas of defi, nft, data ownership, and personal identity. I have taken hundreds of live trades, each recorded with over 50 data points, all meticulously analyzed, using data analysis and modeling to optimize win probability and risk reward. DISCLAIMER: I'M NOT A FINANCIAL ADVISOR AND THIS IS NOT FINANCIAL ADVICE, AND I WILL NOT BE RESPONSIBLE FOR YOUR WINS OR LOSSES, DYOR. Please support me by liking, sharing, commenting, and following, and sharing your ideas and analysis below! Thanks!
by cryptotraderog
33
Bitcoin (BTC/XBT) Daily Long&Short Trade Setups 2021/01/25Live trades will be called in the latest daily post. Follow me to trade live with me! Also check out my daily post on Ethereum! MARKET OVERVIEW Price Action: Bitcoin is stuck consolidating at the 200MAs, even as ETH has broken all time high. Waiting to see if BTC follows ETH or continues to languish. Areas of Interest: The area(s) of interest for us are the lows @ $28850. Once price reaches one of our areas of interest and gives us a valid entry signal, I will update the trade, so make sure you follow me to get the trade entry signals in real time. TRADES(S) RECAP: LATEST 3 TRADES 2021/01/20: We had a winning trade! We entered short @ $34940 SL @ $35560, price reached a low of $28850, giving us a risk reward ratio of 10:1, meaning if you risked 1BTC on this trade, you could've made 10BTC. 2021/01/19: We had a winning trade! We had a signal from a strategy in the testing stage. We entered short @ $36760 SL @ $37150, price reached a low of $36K, giving us a risk reward ratio of 2:1, meaning if you risked 1BTC on this trade, you could've made 2BTC. 2021/01/15: We had a winning trade! We entered long @ $38470 SL @ $37770, price reached a high of $38780, giving us a risk reward ratio of 0.5:1, meaning if you risked 1BTC on this trade, you could've made 0.5BTC. This is our smallest win so far, but a win is a win, and this is the first step on our road back to profitable trades. TRADE SETUPS Below are the potential trade setups that I would be interested in trading. Regardless of the path that the price takes, I will be monitoring the market for a valid trade entry signal. Long Trade Setup #1: False Breakdown To open a long position, we are waiting for price to break above the horizontal support and then recover. 1. Price Action: Price breaks below the then rapidly climbs above $28850, forming a bear trap 2. Trade Entry Confirmations: A breakdown candlestick  followed by a reclaiming candlestick, above average volume on both breakdown candle and reclaiming candle, MACD bottoming Why Follow Me Daily analysis on the latest market movements and price zones for high probability trade setups. Live trade signals so that you can take the same trades that I am taking. A great place to help each other, learn from each other, and grow together. Trading education in the form of personal advice and educational materials Constantly testing and adding new trading strategies and refining battle-tested ones. About Me I started trading in 2008, first got introduced to bitcoin in 2009, and have been actively trading cryptocurrencies since 2016. I have worked on Wall Street trading bonds, stocks, and options. I have worked at top consulting firms advising Fortune 500 companies and worked on $10Billion+ deals. I have founded and advised blockchain projects and companies, including in the areas of defi, nft, data ownership, and personal identity. I have taken hundreds of live trades, each recorded with over 50 data points, all meticulously analyzed, using data analysis and modeling to optimize win probability and risk reward. DISCLAIMER: I'M NOT A FINANCIAL ADVISOR AND THIS IS NOT FINANCIAL ADVICE, AND I WILL NOT BE RESPONSIBLE FOR YOUR WINS OR LOSSES, DYOR. Please support me by liking, sharing, commenting, and following, and sharing your ideas and analysis below! Thanks!
by cryptotraderog
7
Bitcoin (BTC/XBT) Daily Long&Short Trade Setups 2021/01/22Live trades will be called in the latest daily post. Follow me to trade live with me! Also check out my daily post on Ethereum! MARKET OVERVIEW Price Action: Bitcoin had a flash crash of almost 20%, falling below $30K and setting a low of $28850. Areas of Interest: The area(s) of interest for us are the 200MAs @ $32.8-33.4K. Once price reaches one of our areas of interest and gives us a valid entry signal, I will update the trade, so make sure you follow me to get the trade entry signals in real time. TRADES(S) RECAP: LATEST 3 TRADES 2021/01/20: We had a winning trade! We entered short @ $34940 SL @ $35560, price reached a low of $28850, giving us a risk reward ratio of 10:1, meaning if you risked 1BTC on this trade, you could've made 10BTC. 2021/01/19: We had a winning trade! We had a signal from a strategy in the testing stage. We entered short @ $36760 SL @ $37150, price reached a low of $36K, giving us a risk reward ratio of 2:1, meaning if you risked 1BTC on this trade, you could've made 2BTC. 2021/01/15: We had a winning trade! We entered long @ $38470 SL @ $37770, price reached a high of $38780, giving us a risk reward ratio of 0.5:1, meaning if you risked 1BTC on this trade, you could've made 0.5BTC. This is our smallest win so far, but a win is a win, and this is the first step on our road back to profitable trades. TRADE SETUPS Below are the potential trade setups that I would be interested in trading. Regardless of the path that the price takes, I will be monitoring the market for a valid trade entry signal. Short Trade Setup #1: Retest and Continuation (200MAs) To open a short position, we are waiting for price to retrace back up to test the 200MAs and then continue moving down. Trade Entry Confirmation: 1. Price Action: Price needs to move back up to the 200MAs, currently projected to be @ $32.8-33.4K by the time price reaches it, and bounce back up. 2. Candlestick Pattern: A bearish candlestick pattern 3. Volume: Above average volume on entry candle 4. MACD: MACD histogram topping out STRATEGY TYPES My strategies fall into three categories: 1. Official strategies are those that have proven to be profitable over a large number of trades 2. Testing strategies are those that have proven to be profitable but the sample size is relatively small 3. Formulating strategies are strategies that are still in development ENTRY CONFIRMATIONS Ideally we get all confirmations for an entry, but sometimes we might take a trade when we have fewer confirmations. The more confirmations, the higher the win probability, though it also means you miss out on some profitable trades if you're only taking trades when we have all confirmations. It's up to your own risk appetite to decide when you feel comfortable entering a trade. You can also adjust position size based on level of conviction, entering a bigger position when there are more confirmations. Make sure you practice proper risk management and money management. TRADE MANAGEMENT I have put in preliminary Stop Loss and Take Profit on the chart, but these will depend on how the entry setup forms, so I will update when we have a valid entry signal. Stop Loss: We typically put a SL around the high / low of the entry area, though we might adjust based on market conditions such as high ATR ( average true range ) or long wicks. Take Profit: We typically aim for at least a 2:1 RRR (risk reward ratio), but you can decide to take profits earlier, adjust stop loss as we get into profit, take partial profit, leave a small portion for larger gains, etc. How you want to manage depends on your own risk appetite and what you are comfortable with. RISK MANAGEMENT / POSITION SIZING Trading is a marathon, not a sprint. The key is to stay in the game long enough for long term probabilities to play out. Even strategies with 90%+ win rate will have losing trades, so if you go all in one every trade, eventually you will blow up your account. My recommendation is to dynamically change your position size based on the size of the stop loss so that you are risking 1-2% of your total account size on any given trade. This means that if you’re wrong and the trade hitting the stop loss, you lose 1-2% of your account. As an illustration, if your account balance is 1BTC, then the most you should lose on any given trade should be 0.01-0.02BTC. Notice that I didn’t mention leverage here. Because what leverage (3X, 5X,10X, etc.) doesn’t matter here. What matters is the position size that matches up with a 1-2% account balance risk. HOW TO USE MY ANALYSIS Every day I post potential areas of interest and trade setups based on the latest market conditions and market structure. Once price reaches one of the identified areas of interest and gives a valid entry signal, I will post the entry, along with stop loss and take profit levels, in real time. No hindsight 20/20 here. Everything is in real time for full transparency and so that you can actually enter the same trades that I'm entering. Some trades only give us a few minutes to enter, which is why it's imperative that you follow me so that you don't miss out. Below are two ways that you can use the analysis that I publish daily: 1. You can integrate my analysis into your own analysis, for example by using it as a starting point, or as confirmation of your own TA, or to identify potential trades for yourself. 2. You follow the trade setups and trade entry signals that I give in real time. DISCLAIMER: I'M NOT A FINANCIAL ADVISOR AND THIS IS NOT FINANCIAL ADVICE, AND I WILL NOT BE RESPONSIBLE FOR YOUR WINS OR LOSSES, DYOR. Please support me by liking, sharing, commenting, and following! Thanks! Please share your ideas and analysis below so we can all learn together!
by cryptotraderog
6
Bitcoin (BTC/XBT) Daily Long&Short Trade Setups 2021/01/21Live trades will be called in the latest daily post. Follow me to trade live with me! Also check out my daily post on Ethereum! MARKET OVERVIEW Price Action: Bitcoin continues to show weakness. After bouncing from a new low of $33.4K, it is having difficulty reclaiming the 200MAs, and we actually took a profitable short trade from that level. Areas of Interest: The area(s) of interest for us are the lows @ $33.4K. Once price reaches one of our areas of interest and gives us a valid entry signal, I will update the trade, so make sure you follow me to get the trade entry signals in real time. TRADES(S) RECAP: LATEST 3 TRADES 2021/01/20: We had a winning trade! We entered short @ $34940 SL @ $35560, price reached a low of $34660, hitting our TP1. This trade is still ongoing. 2021/01/19: We had a winning trade! We had a signal from a strategy in the testing stage. We entered short @ $36760 SL @ $37150, price reached a low of $36K, giving us a risk reward ratio of 2:1, meaning if you risked 1BTC on this trade, you could've made 2BTC. 2021/01/15: We had a winning trade! We entered long @ $38470 SL @ $37770, price reached a high of $38780, giving us a risk reward ratio of 0.5:1, meaning if you risked 1BTC on this trade, you could've made 0.5BTC. This is our smallest win so far, but a win is a win, and this is the first step on our road back to profitable trades. TRADE SETUPS Below are the potential trade setups that I would be interested in trading. Regardless of the path that the price takes, I will be monitoring the market for a valid trade entry signal. Long Trade Setup #1: False Breakdown To open a long position, we are waiting for price to break above the horizontal support and then recover. Trade Entry Confirmation: 1. Price Action: Price breaks below the then rapidly climbs above $33.4K, forming a bear trap 2. Candlestick Pattern: A breakdown candlestick  followed by a reclaiming candlestick 3. Volume: Above average volume on both breakdown candle and reclaiming candle 4. MACD: MACD histogram bottoming out STRATEGY TYPES My strategies fall into three categories: 1. Official strategies are those that have proven to be profitable over a large number of trades 2. Testing strategies are those that have proven to be profitable but the sample size is relatively small 3. Formulating strategies are strategies that are still in development ENTRY CONFIRMATIONS Ideally we get all confirmations for an entry, but sometimes we might take a trade when we have fewer confirmations. The more confirmations, the higher the win probability, though it also means you miss out on some profitable trades if you're only taking trades when we have all confirmations. It's up to your own risk appetite to decide when you feel comfortable entering a trade. You can also adjust position size based on level of conviction, entering a bigger position when there are more confirmations. Make sure you practice proper risk management and money management. TRADE MANAGEMENT I have put in preliminary Stop Loss and Take Profit on the chart, but these will depend on how the entry setup forms, so I will update when we have a valid entry signal. Stop Loss: We typically put a SL around the high / low of the entry area, though we might adjust based on market conditions such as high ATR ( average true range ) or long wicks. Take Profit: We typically aim for at least a 2:1 RRR (risk reward ratio), but you can decide to take profits earlier, adjust stop loss as we get into profit, take partial profit, leave a small portion for larger gains, etc. How you want to manage depends on your own risk appetite and what you are comfortable with. RISK MANAGEMENT / POSITION SIZING Trading is a marathon, not a sprint. The key is to stay in the game long enough for long term probabilities to play out. Even strategies with 90%+ win rate will have losing trades, so if you go all in one every trade, eventually you will blow up your account. My recommendation is to dynamically change your position size based on the size of the stop loss so that you are risking 1-2% of your total account size on any given trade. This means that if you’re wrong and the trade hitting the stop loss, you lose 1-2% of your account. As an illustration, if your account balance is 1BTC, then the most you should lose on any given trade should be 0.01-0.02BTC. Notice that I didn’t mention leverage here. Because what leverage (3X, 5X,10X, etc.) doesn’t matter here. What matters is the position size that matches up with a 1-2% account balance risk. HOW TO USE MY ANALYSIS Every day I post potential areas of interest and trade setups based on the latest market conditions and market structure. Once price reaches one of the identified areas of interest and gives a valid entry signal, I will post the entry, along with stop loss and take profit levels, in real time. No hindsight 20/20 here. Everything is in real time for full transparency and so that you can actually enter the same trades that I'm entering. Some trades only give us a few minutes to enter, which is why it's imperative that you follow me so that you don't miss out. Below are two ways that you can use the analysis that I publish daily: 1. You can integrate my analysis into your own analysis, for example by using it as a starting point, or as confirmation of your own TA, or to identify potential trades for yourself. 2. You follow the trade setups and trade entry signals that I give in real time. DISCLAIMER: I'M NOT A FINANCIAL ADVISOR AND THIS IS NOT FINANCIAL ADVICE, AND I WILL NOT BE RESPONSIBLE FOR YOUR WINS OR LOSSES, DYOR. Please support me by liking, sharing, commenting, and following! Thanks! Please share your ideas and analysis below so we can all learn together!
by cryptotraderog
9
Bitcoin (BTC/XBT) Daily Long&Short Trade Setups 2021/01/20Live trades will be called in the latest daily post. Follow me to trade live with me! Also check out my daily post on Ethereum! MARKET OVERVIEW Price Action: Bitcoin traded in an upwards sloping channel up to $37.8K and then broke down from the channel and currently trending lower after breaking the 200MAs to the downside. Chart Patterns: No significantly visible chart patterns. Areas of Interest: The area(s) of interest for us are the primary 61.8 Fib @ $35.4. Once price reaches one of our areas of interest and gives us a valid entry signal, I will update the trade, so make sure you follow me to get the trade entry signals in real time. TRADES(S) RECAP: LATEST 3 TRADES 2021/01/19: We had a winning trade! We had a signal from a strategy in the testing stage. We entered short @ $36760 SL @ $37150, price reached a low of $36K, giving us a risk reward ratio of 2:1, meaning if you risked 1BTC on this trade, you could've made 2BTC. 2021/01/15: We had a winning trade! We entered long @ $38470 SL @ $37770, price reached a high of $38780, giving us a risk reward ratio of 0.5:1, meaning if you risked 1BTC on this trade, you could've made 0.5BTC. This is our smallest win so far, but a win is a win, and this is the first step on our road back to profitable trades. 2021/ 01 /11: We had two losing trade! We entered long @ $35.4K SL @ $34.1K, and we hit Stop Loss. We entered long again @ $33.1K SL @ $31.6K, and we again hit stop loss. In hindsight, should have stepped aside from such a major selloff and wait for markets to stabilize before looking for trade entries. TRADE SETUPS Below are the potential trade setups that I would be interested in trading. Regardless of the path that the price takes, I will be monitoring the market for a valid trade entry signal. Long Trade Setup #1: Retest and Continuation (61.8Fib) To open a long position, we are waiting for price to retrace down to test the 61.8Fib and then continue moving up. Trade Entry Confirmation: 1. Price Action: Price needs to move back down to the 61.8Fib @ $35.4 and bounce back up. 2. Candlestick Pattern: A bullish candlestick pattern 3. Volume: Above average volume on entry candle 4. MACD: MACD histogram bottoming out STRATEGY TYPES My strategies fall into three categories: 1. Official strategies are those that have proven to be profitable over a large number of trades 2. Testing strategies are those that have proven to be profitable but the sample size is relatively small 3. Formulating strategies are strategies that are still in development ENTRY CONFIRMATIONS Ideally we get all confirmations for an entry, but sometimes we might take a trade when we have fewer confirmations. The more confirmations, the higher the win probability, though it also means you miss out on some profitable trades if you're only taking trades when we have all confirmations. It's up to your own risk appetite to decide when you feel comfortable entering a trade. You can also adjust position size based on level of conviction, entering a bigger position when there are more confirmations. Make sure you practice proper risk management and money management. TRADE MANAGEMENT I have put in preliminary Stop Loss and Take Profit on the chart, but these will depend on how the entry setup forms, so I will update when we have a valid entry signal. Stop Loss: We typically put a SL around the high / low of the entry area, though we might adjust based on market conditions such as high ATR ( average true range ) or long wicks. Take Profit: We typically aim for at least a 2:1 RRR (risk reward ratio), but you can decide to take profits earlier, adjust stop loss as we get into profit, take partial profit, leave a small portion for larger gains, etc. How you want to manage depends on your own risk appetite and what you are comfortable with. RISK MANAGEMENT / POSITION SIZING Trading is a marathon, not a sprint. The key is to stay in the game long enough for long term probabilities to play out. Even strategies with 90%+ win rate will have losing trades, so if you go all in one every trade, eventually you will blow up your account. My recommendation is to dynamically change your position size based on the size of the stop loss so that you are risking 1-2% of your total account size on any given trade. This means that if you’re wrong and the trade hitting the stop loss, you lose 1-2% of your account. As an illustration, if your account balance is 1BTC, then the most you should lose on any given trade should be 0.01-0.02BTC. Notice that I didn’t mention leverage here. Because what leverage (3X, 5X,10X, etc.) doesn’t matter here. What matters is the position size that matches up with a 1-2% account balance risk. HOW TO USE MY ANALYSIS Every day I post potential areas of interest and trade setups based on the latest market conditions and market structure. Once price reaches one of the identified areas of interest and gives a valid entry signal, I will post the entry, along with stop loss and take profit levels, in real time. No hindsight 20/20 here. Everything is in real time for full transparency and so that you can actually enter the same trades that I'm entering. Some trades only give us a few minutes to enter, which is why it's imperative that you follow me so that you don't miss out. Below are two ways that you can use the analysis that I publish daily: 1. You can integrate my analysis into your own analysis, for example by using it as a starting point, or as confirmation of your own TA, or to identify potential trades for yourself. 2. You follow the trade setups and trade entry signals that I give in real time. DISCLAIMER: I'M NOT A FINANCIAL ADVISOR AND THIS IS NOT FINANCIAL ADVICE, AND I WILL NOT BE RESPONSIBLE FOR YOUR WINS OR LOSSES, DYOR. Please support me by liking, sharing, commenting, and following! Thanks! Please share your ideas and analysis below so we can all learn together!
by cryptotraderog
10
Bitcoin (BTC/XBT) Daily Long&Short Trade Setups 2021/01/19Live trades will be called in the latest daily post. Follow me to trade live with me! Also check out my daily post on Ethereum! MARKET OVERVIEW Price Action: Bitcoin established a new low at $33850 and has since traded in an upwards channel, moving slowly back up. Chart Patterns: We are trading in a narrow upwards sloping channel. Need to pay attention when we test / break the channel top /bottom. Areas of Interest: The area(s) of interest for us are the primary 61.8 Fib @ $37.7K and the lows @ $33.8K. Once price reaches one of our areas of interest and gives us a valid entry signal, I will update the trade, so make sure you follow me to get the trade entry signals in real time. TRADES(S) RECAP: LATEST 3 TRADES 2021/01/15: We had a winning trade! We entered long @ $38470 SL @ $37770, price reached a high of $38780, giving us a risk reward ratio of 0.5:1, meaning if you risked 1BTC on this trade, you could've made 0.5BTC. This is our smallest win so far, but a win is a win, and this is the first step on our road back to profitable trades. 2021/ 01 /11: We had two losing trade! We entered long @ $35.4K SL @ $34.1K, and we hit Stop Loss. We entered long again @ $33.1K SL @ $31.6K, and we again hit stop loss. In hindsight, should have stepped aside from such a major selloff and wait for markets to stabilize before looking for trade entries. 2021/ 01 /08: We had a winning trade! We entered long @ $37997 SL @ 36760, price reached a high of $41950, giving us a risk reward ratio of 3:1, meaning if you risked 1BTC on this trade, you could've made 3BTC. TRADE SETUPS Below are the potential trade setups that I would be interested in trading. Regardless of the path that the price takes, I will be monitoring the market for a valid trade entry signal. Long Trade Setup #1: False Breakdown To open a long position, we are waiting for price to break above the horizontal support and then recover. Trade Entry Confirmation: 1. Price Action: Price breaks below the then rapidly climbs above $33.8K, forming a bear trap 2. Candlestick Pattern: A breakdown candlestick followed by a reclaiming candlestick 3. Volume: Above average volume on both breakdown candle and reclaiming candle 4. MACD: MACD histogram bottoming out Short Trade Setup #1: Retest and Continuation (61.8Fib) To open a short position, we are waiting for price to retrace up to test the 61.8Fib and then continue moving down. Trade Entry Confirmation: 1. Price Action: Price needs to move back up to the 61.8Fib @ $37.7K and bounce back down. 2. Candlestick Pattern: A bearish candlestick pattern 3. Volume: Above average volume on entry candle 4. MACD: MACD histogram topping out STRATEGY TYPES My strategies fall into three categories: 1. Official strategies are those that have proven to be profitable over a large number of trades 2. Testing strategies are those that have proven to be profitable but the sample size is relatively small 3. Formulating strategies are strategies that are still in development ENTRY CONFIRMATIONS Ideally we get all confirmations for an entry, but sometimes we might take a trade when we have fewer confirmations. The more confirmations, the higher the win probability, though it also means you miss out on some profitable trades if you're only taking trades when we have all confirmations. It's up to your own risk appetite to decide when you feel comfortable entering a trade. You can also adjust position size based on level of conviction, entering a bigger position when there are more confirmations. Make sure you practice proper risk management and money management. TRADE MANAGEMENT I have put in preliminary Stop Loss and Take Profit on the chart, but these will depend on how the entry setup forms, so I will update when we have a valid entry signal. Stop Loss: We typically put a SL around the high / low of the entry area, though we might adjust based on market conditions such as high ATR ( average true range ) or long wicks. Take Profit: We typically aim for at least a 2:1 RRR (risk reward ratio), but you can decide to take profits earlier, adjust stop loss as we get into profit, take partial profit, leave a small portion for larger gains, etc. How you want to manage depends on your own risk appetite and what you are comfortable with. RISK MANAGEMENT / POSITION SIZING Trading is a marathon, not a sprint. The key is to stay in the game long enough for long term probabilities to play out. Even strategies with 90%+ win rate will have losing trades, so if you go all in one every trade, eventually you will blow up your account. My recommendation is to dynamically change your position size based on the size of the stop loss so that you are risking 1-2% of your total account size on any given trade. This means that if you’re wrong and the trade hitting the stop loss, you lose 1-2% of your account. As an illustration, if your account balance is 1BTC, then the most you should lose on any given trade should be 0.01-0.02BTC. Notice that I didn’t mention leverage here. Because what leverage (3X, 5X,10X, etc.) doesn’t matter here. What matters is the position size that matches up with a 1-2% account balance risk. HOW TO USE MY ANALYSIS Every day I post potential areas of interest and trade setups based on the latest market conditions and market structure. Once price reaches one of the identified areas of interest and gives a valid entry signal, I will post the entry, along with stop loss and take profit levels, in real time. No hindsight 20/20 here. Everything is in real time for full transparency and so that you can actually enter the same trades that I'm entering. Some trades only give us a few minutes to enter, which is why it's imperative that you follow me so that you don't miss out. Below are two ways that you can use the analysis that I publish daily: 1. You can integrate my analysis into your own analysis, for example by using it as a starting point, or as confirmation of your own TA, or to identify potential trades for yourself. 2. You follow the trade setups and trade entry signals that I give in real time. DISCLAIMER: I'M NOT A FINANCIAL ADVISOR AND THIS IS NOT FINANCIAL ADVICE, AND I WILL NOT BE RESPONSIBLE FOR YOUR WINS OR LOSSES, DYOR. Please support me by liking, sharing, commenting, and following! Thanks! Please share your ideas and analysis below so we can all learn together!
by cryptotraderog
4
Bitcoin (BTC/XBT) Daily Long&Short Trade Setups 2021/01/18Live trades will be called in the latest daily post. Follow me to trade live with me! Also check out my daily post on Ethereum! MARKET OVERVIEW Price Action: Bitcoin bounced off of the lows @ $34.4K to a high of $36.8K. Overall market volatility is getting restricted, indicating a potential large break coming up. Chart Patterns: No significantly visible chart patterns. Areas of Interest: The area(s) of interest for us are the primary 61.8 Fib @ $37.7K and the lows @ $33.8K. Once price reaches one of our areas of interest and gives us a valid entry signal, I will update the trade, so make sure you follow me to get the trade entry signals in real time. TRADES(S) RECAP: LATEST 3 TRADES 2021/01/15: We had a winning trade! We entered long @ $38470 SL @ $37770, price reached a high of $38780, giving us a risk reward ratio of 0.5:1, meaning if you risked 1BTC on this trade, you could've made 0.5BTC. This is our smallest win so far, but a win is a win, and this is the first step on our road back to profitable trades. 2021/ 01 /11: We had two losing trade! We entered long @ $35.4K SL @ $34.1K, and we hit Stop Loss. We entered long again @ $33.1K SL @ $31.6K, and we again hit stop loss. In hindsight, should have stepped aside from such a major selloff and wait for markets to stabilize before looking for trade entries. 2021/ 01 /08: We had a winning trade! We entered long @ $37997 SL @ 36760, price reached a high of $41950, giving us a risk reward ratio of 3:1, meaning if you risked 1BTC on this trade, you could've made 3BTC. TRADE SETUPS Below are the potential trade setups that I would be interested in trading. Regardless of the path that the price takes, I will be monitoring the market for a valid trade entry signal. Long Trade Setup #2: False Breakdown To open a long position, we are waiting for price to break above the horizontal support and then recover. Trade Entry Confirmation: 1. Price Action: Price breaks below the then rapidly climbs above $33.8K, forming a bear trap 2. Candlestick Pattern: A breakdown candlestick  followed by a reclaiming candlestick 3. Volume: Above average volume on both breakdown candle and reclaiming candle 4. MACD: MACD histogram bottoming out Short Trade Setup #1: Retest and Continuation (61.8Fib) To open a short position, we are waiting for price to retrace up to test the 61.8Fib and then continue moving down. Trade Entry Confirmation: 1. Price Action: Price needs to move back up to the 61.8Fib @ $37.7K and bounce back down. 2. Candlestick Pattern: A bearish candlestick pattern 3. Volume: Above average volume on entry candle 4. MACD: MACD histogram topping out STRATEGY TYPES My strategies fall into three categories: 1. Official strategies are those that have proven to be profitable over a large number of trades 2. Testing strategies are those that have proven to be profitable but the sample size is relatively small 3. Formulating strategies are strategies that are still in development ENTRY CONFIRMATIONS Ideally we get all confirmations for an entry, but sometimes we might take a trade when we have fewer confirmations. The more confirmations, the higher the win probability, though it also means you miss out on some profitable trades if you're only taking trades when we have all confirmations. It's up to your own risk appetite to decide when you feel comfortable entering a trade. You can also adjust position size based on level of conviction, entering a bigger position when there are more confirmations. Make sure you practice proper risk management and money management. TRADE MANAGEMENT I have put in preliminary Stop Loss and Take Profit on the chart, but these will depend on how the entry setup forms, so I will update when we have a valid entry signal. Stop Loss: We typically put a SL around the high / low of the entry area, though we might adjust based on market conditions such as high ATR ( average true range ) or long wicks. Take Profit: We typically aim for at least a 2:1 RRR (risk reward ratio), but you can decide to take profits earlier, adjust stop loss as we get into profit, take partial profit, leave a small portion for larger gains, etc. How you want to manage depends on your own risk appetite and what you are comfortable with. RISK MANAGEMENT / POSITION SIZING Trading is a marathon, not a sprint. The key is to stay in the game long enough for long term probabilities to play out. Even strategies with 90%+ win rate will have losing trades, so if you go all in one every trade, eventually you will blow up your account. My recommendation is to dynamically change your position size based on the size of the stop loss so that you are risking 1-2% of your total account size on any given trade. This means that if you’re wrong and the trade hitting the stop loss, you lose 1-2% of your account. As an illustration, if your account balance is 1BTC, then the most you should lose on any given trade should be 0.01-0.02BTC. Notice that I didn’t mention leverage here. Because what leverage (3X, 5X,10X, etc.) doesn’t matter here. What matters is the position size that matches up with a 1-2% account balance risk. HOW TO USE MY ANALYSIS Every day I post potential areas of interest and trade setups based on the latest market conditions and market structure. Once price reaches one of the identified areas of interest and gives a valid entry signal, I will post the entry, along with stop loss and take profit levels, in real time. No hindsight 20/20 here. Everything is in real time for full transparency and so that you can actually enter the same trades that I'm entering. Some trades only give us a few minutes to enter, which is why it's imperative that you follow me so that you don't miss out. Below are two ways that you can use the analysis that I publish daily: 1. You can integrate my analysis into your own analysis, for example by using it as a starting point, or as confirmation of your own TA, or to identify potential trades for yourself. 2. You follow the trade setups and trade entry signals that I give in real time. DISCLAIMER: I'M NOT A FINANCIAL ADVISOR AND THIS IS NOT FINANCIAL ADVICE, AND I WILL NOT BE RESPONSIBLE FOR YOUR WINS OR LOSSES, DYOR. Please support me by liking, sharing, commenting, and following! Thanks! Please share your ideas and analysis below so we can all learn together!
by cryptotraderog
4
Bitcoin (BTC/XBT) Daily Long&Short Trade Setups 2021/01/15Live trades will be called in the latest daily post. Follow me to trade live with me! Also check out my daily post on Ethereum! MARKET OVERVIEW Price Action: BTC rallied hard off of the low @ $30.4K, and is now getting close to the ATH @ $42K. Chart Patterns: No significantly visible chart patterns. Areas of Interest: The area(s) of interest for us are the 200MAs @ $37-37.8K. Once price reaches one of our areas of interest and gives us a valid entry signal, I will update the trade, so make sure you follow me to get the trade entry signals in real time. TRADES(S) RECAP: LATEST 3 TRADES 2020/ 01 /11: We had two losing trade! We entered long @ $35.4K SL @ $34.1K, and we hit Stop Loss. We entered long again @ $33.1K SL @ $31.6K, and we again hit stop loss. In hindsight, should have stepped aside from such a major selloff and wait for markets to stabilize before looking for trade entries. 2020/ 01 /08: We had a winning trade! We entered long @ $37997 SL @ 36760, price reached a high of $41950, giving us a risk reward ratio of 3:1, meaning if you risked 1BTC on this trade, you could've made 3BTC. 2020/ 01 /03: We had a winning trade! We entered long @ $33380, SL @ 32.8K, price reached a high of $33.8K, giving us a risk reward ratio of 1:1, meaning if you risked 1BTC on this trade, you could've made 1BTC. While this has been our smallest win so far following our biggest win, a win is a win. Always secure profits and protect your capital. TRADE SETUPS Below are the potential trade setups that I would be interested in trading. Regardless of the path that the price takes, I will be monitoring the market for a valid trade entry signal. Long Trade Setup #1: Retest and Continuation (200MAs) To open a long position, we are waiting for price to retrace back down to test the 200MAs and then continue moving up. Trade Entry Confirmation: 1. Price Action: Price needs to move back down to the 200MAs, currently projected to be @ $37-37.8K by the time price reaches it, and bounce back up. 2. Candlestick Pattern: A bullish candlestick pattern 3. Volume: Above average volume on entry candle 4. MACD: MACD histogram bottoming out ENTRY SIGNAL TYPES Trade calls will be separated into two categories, official and unofficial. The reason for the distinction is that official entry calls are only for high probability trade setups whereas unofficial calls might have slightly lower probability of winning but positive net profitability due to high risk reward. As I see a lot of traders, do not practice proper risk management and position sizing, I want to protect them from the second type of trades. At the same time, I know there are more sophisticated traders who can take advantage of both types of calls. So this is the solution that I’ve come up with, which is to separate the two trade types into two types of entry calls. Official entry calls will come with detailed entry, stop loss and take profit levels, whereas unofficial trade entries might or might not and will rely a little bit more on the trader themselves to manage the trade. This is one way to distinguish the more experienced traders from the newer ones. If you are unable to enter an unofficial trade entry without those details, then it means that you shouldn’t be taking those trades and should stick only to the official trades. 1. Official entry calls will be posted using “trading active” post type. 2. Unofficial entry calls are potential good trading opportunities that will be posted using “comments” post type. ENTRY CONFIRMATIONS Ideally we get all confirmations for an entry, but sometimes we might take a trade when we have fewer confirmations. The more confirmations, the higher the win probability, though it also means you miss out on some profitable trades if you're only taking trades when we have all confirmations. It's up to your own risk appetite to decide when you feel comfortable entering a trade. You can also adjust position size based on level of conviction, entering a bigger position when there are more confirmations. Make sure you practice proper risk management and money management. TRADE MANAGEMENT I have put in preliminary Stop Loss and Take Profit on the chart, but these will depend on how the entry setup forms, so I will update when we have a valid entry signal. Stop Loss: We typically put a SL around the high / low of the entry area, though we might adjust based on market conditions such as high ATR ( average true range ) or long wicks. Take Profit: We typically aim for at least a 2:1 RRR (risk reward ratio), but you can decide to take profits earlier, adjust stop loss as we get into profit, take partial profit, leave a small portion for larger gains, etc. How you want to manage depends on your own risk appetite and what you are comfortable with. RISK MANAGEMENT / POSITION SIZING Trading is a marathon, not a sprint. The key is to stay in the game long enough for long term probabilities to play out. Even strategies with 90%+ win rate will have losing trades, so if you go all in one every trade, eventually you will blow up your account. My recommendation is to dynamically change your position size based on the size of the stop loss so that you are risking 1-2% of your total account size on any given trade. This means that if you’re wrong and the trade hitting the stop loss, you lose 1-2% of your account. As an illustration, if your account balance is 1BTC, then the most you should lose on any given trade should be 0.01-0.02BTC. Notice that I didn’t mention leverage here. Because what leverage (3X, 5X,10X, etc.) doesn’t matter here. What matters is the position size that matches up with a 1-2% account balance risk. HOW TO USE MY ANALYSIS Every day I post potential areas of interest and trade setups based on the latest market conditions and market structure. Once price reaches one of the identified areas of interest and gives a valid entry signal, I will post the entry, along with stop loss and take profit levels, in real time. No hindsight 20/20 here. Everything is in real time for full transparency and so that you can actually enter the same trades that I'm entering. Some trades only give us a few minutes to enter, which is why it's imperative that you follow me so that you don't miss out. Below are two ways that you can use the analysis that I publish daily: 1. You can integrate my analysis into your own analysis, for example by using it as a starting point, or as confirmation of your own TA, or to identify potential trades for yourself. 2. You follow the trade setups and trade entry signals that I give in real time. DISCLAIMER: I'M NOT A FINANCIAL ADVISOR AND THIS IS NOT FINANCIAL ADVICE, AND I WILL NOT BE RESPONSIBLE FOR YOUR WINS OR LOSSES, DYOR. Please support me by liking, sharing, commenting, and following! Thanks! Please share your ideas and analysis below so we can all learn together!
by cryptotraderog
3
Bitcoin (BTC/XBT) Daily Long&Short Trade Setups 2021/01/14Live trades will be called in the latest daily post. Follow me to trade live with me! Also check out my daily post on Ethereum! MARKET OVERVIEW Price Action: Bitcoin bounced from a low of $30.4K to a high of $38.2K, a rally of >23%, and is now testing the 61.8 Fib. Chart Patterns: No significantly visible chart patterns. Areas of Interest: The area(s) of interest for us are the current level @ $37.5K, the highs of $42K, and the 200MAs @ $35.0-35.5K. Once price reaches one of our areas of interest and gives us a valid entry signal, I will update the trade, so make sure you follow me to get the trade entry signals in real time. TRADES(S) RECAP: LATEST 3 TRADES 2020/ 01 /11: We had two losing trades! We entered long @ $35.4K SL @ $34.1K, and we hit Stop Loss. We entered long again @ $33.1K SL @ $31.6K, and we again hit stop loss. In hindsight, should have stepped aside from such a major selloff and wait for markets to stabilize before looking for trade entries. 2020/ 01 /08: We had a winning trade! We entered long @ $37997 SL @ 36760, price reached a high of $41950, giving us a risk reward ratio of 3:1, meaning if you risked 1BTC on this trade, you could've made 3BTC. 2020/ 01 /03: We had a winning trade! We entered long @ $33380, SL @ 32.8K, price reached a high of $33.8K, giving us a risk reward ratio of 1:1, meaning if you risked 1BTC on this trade, you could've made 1BTC. While this has been our smallest win so far following our biggest win, a win is a win. Always secure profits and protect your capital. TRADE SETUPS Below are the potential trade setups that I would be interested in trading. Regardless of the path that the price takes, I will be monitoring the market for a valid trade entry signal. Long Trade Setup #1: Retest and Continuation (200MAs) To open a long position, we are waiting for price to retrace back down to test the 200MAs and then continue moving up. Trade Entry Confirmation: 1. Price Action: Price needs to move back down to the 200MAs, currently projected to be @ $35.0-35.5K by the time price reaches it, and bounce back up. 2. Candlestick Pattern: A bullish candlestick pattern 3. Volume: Above average volume on entry candle 4. MACD: MACD histogram bottoming out Short Trade Setup #1: False Breakout To open a short position, we are waiting for price to break above the horizontal resistance and then fall back down. Trade Entry Confirmation: 1. Price Action: Price breaks above and then falls below the high of $42K, forming a bull trap 2. Candlestick Pattern: A breakout candlestick  followed by a breakdown candlestick 3. Volume: Above average volume on both breakout candle and breakdown candle 4. MACD: MACD histogram topping out ENTRY SIGNAL TYPES Trade calls will be separated into two categories, official and unofficial. The reason for the distinction is that official entry calls are only for high probability trade setups whereas unofficial calls might have slightly lower probability of winning but positive net profitability due to high risk reward. As I see a lot of traders, do not practice proper risk management and position sizing, I want to protect them from the second type of trades. At the same time, I know there are more sophisticated traders who can take advantage of both types of calls. So this is the solution that I’ve come up with, which is to separate the two trade types into two types of entry calls. Official entry calls will come with detailed entry, stop loss and take profit levels, whereas unofficial trade entries might or might not and will rely a little bit more on the trader themselves to manage the trade. This is one way to distinguish the more experienced traders from the newer ones. If you are unable to enter an unofficial trade entry without those details, then it means that you shouldn’t be taking those trades and should stick only to the official trades. 1. Official entry calls will be posted using “trading active” post type. 2. Unofficial entry calls are potential good trading opportunities that will be posted using “comments” post type. ENTRY CONFIRMATIONS Ideally we get all confirmations for an entry, but sometimes we might take a trade when we have fewer confirmations. The more confirmations, the higher the win probability, though it also means you miss out on some profitable trades if you're only taking trades when we have all confirmations. It's up to your own risk appetite to decide when you feel comfortable entering a trade. You can also adjust position size based on level of conviction, entering a bigger position when there are more confirmations. Make sure you practice proper risk management and money management. TRADE MANAGEMENT I have put in preliminary Stop Loss and Take Profit on the chart, but these will depend on how the entry setup forms, so I will update when we have a valid entry signal. Stop Loss: We typically put a SL around the high / low of the entry area, though we might adjust based on market conditions such as high ATR ( average true range ) or long wicks. Take Profit: We typically aim for at least a 2:1 RRR (risk reward ratio), but you can decide to take profits earlier, adjust stop loss as we get into profit, take partial profit, leave a small portion for larger gains, etc. How you want to manage depends on your own risk appetite and what you are comfortable with. RISK MANAGEMENT / POSITION SIZING Trading is a marathon, not a sprint. The key is to stay in the game long enough for long term probabilities to play out. Even strategies with 90%+ win rate will have losing trades, so if you go all in one every trade, eventually you will blow up your account. My recommendation is to dynamically change your position size based on the size of the stop loss so that you are risking 1-2% of your total account size on any given trade. This means that if you’re wrong and the trade hitting the stop loss, you lose 1-2% of your account. As an illustration, if your account balance is 1BTC, then the most you should lose on any given trade should be 0.01-0.02BTC. Notice that I didn’t mention leverage here. Because what leverage (3X, 5X,10X, etc.) doesn’t matter here. What matters is the position size that matches up with a 1-2% account balance risk. HOW TO USE MY ANALYSIS Every day I post potential areas of interest and trade setups based on the latest market conditions and market structure. Once price reaches one of the identified areas of interest and gives a valid entry signal, I will post the entry, along with stop loss and take profit levels, in real time. No hindsight 20/20 here. Everything is in real time for full transparency and so that you can actually enter the same trades that I'm entering. Some trades only give us a few minutes to enter, which is why it's imperative that you follow me so that you don't miss out. Below are two ways that you can use the analysis that I publish daily: 1. You can integrate my analysis into your own analysis, for example by using it as a starting point, or as confirmation of your own TA, or to identify potential trades for yourself. 2. You follow the trade setups and trade entry signals that I give in real time. DISCLAIMER: I'M NOT A FINANCIAL ADVISOR AND THIS IS NOT FINANCIAL ADVICE, AND I WILL NOT BE RESPONSIBLE FOR YOUR WINS OR LOSSES, DYOR. Please support me by liking, sharing, commenting, and following! Thanks! Please share your ideas and analysis below so we can all learn together!
by cryptotraderog
4
Bitcoin (BTC/XBT) Daily Long&Short Trade Setups 2021/01/13Live trades will be called in the latest daily post. Follow me to trade live with me! Also check out my daily post on Ethereum! MARKET OVERVIEW Price Action: After dropping 28% from a high of $42K to a low of $30.4K, BTC rallied 20% to $36.5K where it got rejected by the 200MAs and has since showed continued weakness trading under the 200MAs. Chart Patterns: No significantly visible chart patterns. Areas of Interest: The area(s) of interest for us are the 61.8 Fib @ $37.5K and the lows @ $30.4K. Once price reaches one of our areas of interest and gives us a valid entry signal, I will update the trade, so make sure you follow me to get the trade entry signals in real time. TRADES(S) RECAP: LATEST 3 TRADES 2020/ 01 /11: We had two losing trade! We entered long @ $35.4K SL @ $34.1K, and we hit Stop Loss. We entered long again @ $33.1K SL @ $31.6K, and we again hit stop loss. In hindsight, should have stepped aside from such a major selloff and wait for markets to stabilize before looking for trade entries. 2020/ 01 /08: We had a winning trade! We entered long @ $37997 SL @ 36760, price reached a high of $41950, giving us a risk reward ratio of 3:1, meaning if you risked 1BTC on this trade, you could've made 3BTC. 2020/ 01 /03: We had a winning trade! We entered long @ $33380, SL @ 32.8K, price reached a high of $33.8K, giving us a risk reward ratio of 1:1, meaning if you risked 1BTC on this trade, you could've made 1BTC. While this has been our smallest win so far following our biggest win, a win is a win. Always secure profits and protect your capital. TRADE SETUPS Below are the potential trade setups that I would be interested in trading. Regardless of the path that the price takes, I will be monitoring the market for a valid trade entry signal. Long Trade Setup #1: False Breakdown To open a long position, we are waiting for price to break above the horizontal support and then recover. Trade Entry Confirmation: 1. Price Action: Price breaks below the low of $30.4K and then rapidly climbs above $30.4K, forming a bear trap 2. Candlestick Pattern: A breakdown candlestick followed by a reclaiming candlestick 3. Volume: Above average volume on both breakdown candle and reclaiming candle 4. MACD: MACD histogram bottoming out Short Trade Setup #1: Retest and Continuation (61.8Fib) To open a short position, we are waiting for price to retrace up to test the 61.8Fib and then continue moving down. Trade Entry Confirmation: 1. Price Action: Price needs to move back up to the 61.8Fib @ $37.5K and bounce back down. 2. Candlestick Pattern: A bearish candlestick pattern 3. Volume: Above average volume on entry candle 4. MACD: MACD histogram topping out ENTRY SIGNAL TYPES Trade calls will be separated into two categories, official and unofficial. The reason for the distinction is that official entry calls are only for high probability trade setups whereas unofficial calls might have slightly lower probability of winning but positive net profitability due to high risk reward. As I see a lot of traders, do not practice proper risk management and position sizing, I want to protect them from the second type of trades. At the same time, I know there are more sophisticated traders who can take advantage of both types of calls. So this is the solution that I’ve come up with, which is to separate the two trade types into two types of entry calls. Official entry calls will come with detailed entry, stop loss and take profit levels, whereas unofficial trade entries might or might not and will rely a little bit more on the trader themselves to manage the trade. This is one way to distinguish the more experienced traders from the newer ones. If you are unable to enter an unofficial trade entry without those details, then it means that you shouldn’t be taking those trades and should stick only to the official trades. 1. Official entry calls will be posted using “trading active” post type. 2. Unofficial entry calls are potential good trading opportunities that will be posted using “comments” post type. ENTRY CONFIRMATIONS Ideally we get all confirmations for an entry, but sometimes we might take a trade when we have fewer confirmations. The more confirmations, the higher the win probability, though it also means you miss out on some profitable trades if you're only taking trades when we have all confirmations. It's up to your own risk appetite to decide when you feel comfortable entering a trade. You can also adjust position size based on level of conviction, entering a bigger position when there are more confirmations. Make sure you practice proper risk management and money management. TRADE MANAGEMENT I have put in preliminary Stop Loss and Take Profit on the chart, but these will depend on how the entry setup forms, so I will update when we have a valid entry signal. Stop Loss: We typically put a SL around the high / low of the entry area, though we might adjust based on market conditions such as high ATR ( average true range ) or long wicks. Take Profit: We typically aim for at least a 2:1 RRR (risk reward ratio), but you can decide to take profits earlier, adjust stop loss as we get into profit, take partial profit, leave a small portion for larger gains, etc. How you want to manage depends on your own risk appetite and what you are comfortable with. RISK MANAGEMENT / POSITION SIZING Trading is a marathon, not a sprint. The key is to stay in the game long enough for long term probabilities to play out. Even strategies with 90%+ win rate will have losing trades, so if you go all in one every trade, eventually you will blow up your account. My recommendation is to dynamically change your position size based on the size of the stop loss so that you are risking 1-2% of your total account size on any given trade. This means that if you’re wrong and the trade hitting the stop loss, you lose 1-2% of your account. As an illustration, if your account balance is 1BTC, then the most you should lose on any given trade should be 0.01-0.02BTC. Notice that I didn’t mention leverage here. Because what leverage (3X, 5X,10X, etc.) doesn’t matter here. What matters is the position size that matches up with a 1-2% account balance risk. HOW TO USE MY ANALYSIS Every day I post potential areas of interest and trade setups based on the latest market conditions and market structure. Once price reaches one of the identified areas of interest and gives a valid entry signal, I will post the entry, along with stop loss and take profit levels, in real time. No hindsight 20/20 here. Everything is in real time for full transparency and so that you can actually enter the same trades that I'm entering. Some trades only give us a few minutes to enter, which is why it's imperative that you follow me so that you don't miss out. Below are two ways that you can use the analysis that I publish daily: 1. You can integrate my analysis into your own analysis, for example by using it as a starting point, or as confirmation of your own TA, or to identify potential trades for yourself. 2. You follow the trade setups and trade entry signals that I give in real time. DISCLAIMER: I'M NOT A FINANCIAL ADVISOR AND THIS IS NOT FINANCIAL ADVICE, AND I WILL NOT BE RESPONSIBLE FOR YOUR WINS OR LOSSES, DYOR. Please support me by liking, sharing, commenting, and following! Thanks! Please share your ideas and analysis below so we can all learn together!
by cryptotraderog
8
Bitcoin (BTC/XBT) Daily Long&Short Trade Setups 2021/01/11Live trades will be called in the latest daily post. Follow me to trade live with me! Also check out my daily post on Ethereum! MARKET OVERVIEW Price Action: BTC crashed from a high of $42K to a low of $35K, a 17% correction. and has since started to stabilize. Chart Patterns: No significantly visible chart patterns.
 Areas of Interest: The area(s) of interest for us are the lows @ $35.1K and the 200MAs & 61.8 Fib @ $39.2-39.6K Once price reaches one of our areas of interest and gives us a valid entry signal, I will update the trade, so make sure you follow me to get the trade entry signals in real time.
 TRADES(S) RECAP: LATEST 3 TRADES 2020/ 01 /08: We had a winning trade! We entered long @ $37997 SL @ 36760, price reached a high of $41950, giving us a risk reward ratio of 3:1, meaning if you risked 1BTC on this trade, you could've made 3BTC. 2020/ 01 /03: We had a winning trade! We entered long @ $33380, SL @ 32.8K, price reached a high of $33.8K, giving us a risk reward ratio of 1:1, meaning if you risked 1BTC on this trade, you could've made 1BTC. While this has been our smallest win so far following our biggest win, a win is a win. Always secure profits and protect your capital.
 2020/ 01 /01: We had two winning trades. "e entered short @ $29.3K, with a Stop Loss @ ~$29.6K, and price reached a low of $28.6K, giving us a risk reward ratio of 2:1, meaning if you risked 1BTC on this trade, you could've made 2BTC. We then entered long @ $29.1K, Stop Loss @ $28.8K, and priced reached a high of $33.3K, giving us a risk reward ratio of 14:1, meaning if you risked 1BTC on this trade, you could've made 14BTC! This is our biggest win so far in 2021!
 TRADE SETUPS Below are the potential trade setups that I would be interested in trading. Regardless of the path that the price takes, I will be monitoring the market for a valid trade entry signal. Long Trade Setup #1: False Breakdown To open a long position, we are waiting for price to break above the horizontal support and then recover. Trade Entry Confirmation: 1. Price Action: Price breaks below the low of $35.1K and then rapidly climbs above $35.1K, forming a bear trap 2. Candlestick Pattern: A breakdown candlestick  followed by a reclaiming candlestick 3. Volume: Above average volume on both breakdown candle and reclaiming candle 4. MACD: MACD histogram bottoming out Short Trade Setup #1: Retest and Continuation (200MAs) To open a short position, we are waiting for price to retrace back up to test the 200MAs and then continue moving down. Trade Entry Confirmation: 1. Price Action: Price needs to move back up to the 200MAs, currently projected to be @ $39.2-39.6K by the time price reaches it, and bounce back up. 2. Candlestick Pattern: A bearish candlestick pattern 3. Volume: Above average volume on entry candle 4. MACD: MACD histogram topping out ENTRY SIGNAL TYPES Trade calls will be separated into two categories, official and unofficial. The reason for the distinction is that official entry calls are only for high probability trade setups whereas unofficial calls might have slightly lower probability of winning but positive net profitability due to high risk reward. As I see a lot of traders, do not practice proper risk management and position sizing, I want to protect them from the second type of trades. At the same time, I know there are more sophisticated traders who can take advantage of both types of calls. So this is the solution that I’ve come up with, which is to separate the two trade types into two types of entry calls. Official entry calls will come with detailed entry, stop loss and take profit levels, whereas unofficial trade entries might or might not and will rely a little bit more on the trader themselves to manage the trade. This is one way to distinguish the more experienced traders from the newer ones. If you are unable to enter an unofficial trade entry without those details, then it means that you shouldn’t be taking those trades and should stick only to the official trades. 1. Official entry calls will be posted using “trading active” post type. 2. Unofficial entry calls are potential good trading opportunities that will be posted using “comments” post type. ENTRY CONFIRMATIONS Ideally we get all confirmations for an entry, but sometimes we might take a trade when we have fewer confirmations. The more confirmations, the higher the win probability, though it also means you miss out on some profitable trades if you're only taking trades when we have all confirmations. It's up to your own risk appetite to decide when you feel comfortable entering a trade. You can also adjust position size based on level of conviction, entering a bigger position when there are more confirmations. Make sure you practice proper risk management and money management. TRADE MANAGEMENT I have put in preliminary Stop Loss and Take Profit on the chart, but these will depend on how the entry setup forms, so I will update when we have a valid entry signal. Stop Loss: We typically put a SL around the high / low of the entry area, though we might adjust based on market conditions such as high ATR ( average true range ) or long wicks. Take Profit: We typically aim for at least a 2:1 RRR (risk reward ratio), but you can decide to take profits earlier, adjust stop loss as we get into profit, take partial profit, leave a small portion for larger gains, etc. How you want to manage depends on your own risk appetite and what you are comfortable with. RISK MANAGEMENT / POSITION SIZING Trading is a marathon, not a sprint. The key is to stay in the game long enough for long term probabilities to play out. Even strategies with 90%+ win rate will have losing trades, so if you go all in one every trade, eventually you will blow up your account. My recommendation is to dynamically change your position size based on the size of the stop loss so that you are risking 1-2% of your total account size on any given trade. This means that if you’re wrong and the trade hitting the stop loss, you lose 1-2% of your account. As an illustration, if your account balance is 1BTC, then the most you should lose on any given trade should be 0.01-0.02BTC. Notice that I didn’t mention leverage here. Because what leverage (3X, 5X,10X, etc.) doesn’t matter here. What matters is the position size that matches up with a 1-2% account balance risk. HOW TO USE MY ANALYSIS Every day I post potential areas of interest and trade setups based on the latest market conditions and market structure. Once price reaches one of the identified areas of interest and gives a valid entry signal, I will post the entry, along with stop loss and take profit levels, in real time. No hindsight 20/20 here. Everything is in real time for full transparency and so that you can actually enter the same trades that I'm entering. Some trades only give us a few minutes to enter, which is why it's imperative that you follow me so that you don't miss out. Below are two ways that you can use the analysis that I publish daily: 1. You can integrate my analysis into your own analysis, for example by using it as a starting point, or as confirmation of your own TA, or to identify potential trades for yourself. 2. You follow the trade setups and trade entry signals that I give in real time. DISCLAIMER: I'M NOT A FINANCIAL ADVISOR AND THIS IS NOT FINANCIAL ADVICE, AND I WILL NOT BE RESPONSIBLE FOR YOUR WINS OR LOSSES, DYOR. Please support me by liking, sharing, commenting, and following! Thanks! Please share your ideas and analysis below so we can all learn together!
by cryptotraderog
4