Btc!
3 RULES WHALES DON'T WANT YOU TO KNOW BEFORE DAY TRADING BITCOINWelcome back everybody,
Thanks for the 587 likes on my previous video. I hope i can help you out in this video as much as i possibly can as well.
In this video, we have talked about 3 RULES THAT YOU NEED TO KNOW BEFORE DAY TRADING BITCOIN.
The first rule is HAVING A TRADING PLAN . It is the most important one of all. If you don't have a plan, you will simply be eaten by Megalodons (Rational Investors/Traders). The plan must have trading setups (specific patterns on indicators or price/volume action, network data indicators such as Unique wallet addresses, or fundamental news like halving events, government policies). These setups will be your why to buy or sell. The trading plan should also have how much are you willing to risk and how you will manage this risk (stops/targets) This risk/reward ratio that you want to follow needs to be at least two. It can be smaller than two depending on what is your percent profitability with your trading setups.
The second rule is OBEYING YOUR PLAN . You always need to obey the plan to completely remove any and all emotions. This is another important rule because we are all emotional beings. We need to make sure how we will completely remove our emotions while trading or investing. Are you going to meditate before you start trading and have a check list before you put any trades? Are you going go heavy on the coffee 5 days a week to be completely focused on your plan and take a 2 day tolerance break? Are you going to go for a hike every morning before the market open?
Another important point with this rule is that "If you could find yourself another motivator other than money, you will be more successful." For me, i love to help people. I trade everyday to teach people, so that, they will NEVER experience the hard times that i have gone through when i first started trading. It might be something else for you, something that you can achieve with money. It should preferably be something you are really passionate about.
The third rule is RE-ADJUSTING YOUR PLAN . No one knows what is going to happen tomorrow. If the plan is not working, then, re-adjust your plan. You need to figure out where your trading plan had failed you. Was it your setups that did not work more than 50% of the time? Was it the risk/reward ratio? Did you fail to obey your trading plan? Did you drink coffee 7 days a week to trade 13 hours a day and became too emotional? You really need to figure the missing part here, then, re-adjust your trading plan.
I hope this was helpful and i really appreciate you all! [
Don't forget to drop a like if you enjoyed.
~Bo
Megalodon Trading
Enlightening the modern investors
BUY THE DIP here's one reason why. NOT ADVICE DYORSignal line (Orange) has turned positive. NOT ADVIVE. DYOR.
How to trade Bitcoin with RSI in a bear marketHere's a few helpful tips I have learned trading RSI in a bear market.
Watch for trends and act accordingly. Open shorts at good entry points with a stop loss right above it. If your stop is hit, do not panic. Just admit you were wrong and go long/buy into the trend if the buying volume and price action is strong enough.
For shorting, watch for the RSI bounces. A first bounce below 30 RSI is your trigger point. The second bounce will usually result in a lower low and you can sell there to take profits.
Wait for your buy signal at 60 RSI again (or wherever your pattern fits) and repeat.
For the chart:
Blue boxes = short open boxes.
Red lines = set stop losses above each blue box.
Green boxes at first drop through 30 RSI = trigger boxes to get ready to sell.
Yellow boxes at 2nd bounce after 30 RSI boxes = short close.
Go long if stop is hit and if buying volume/price action is strong.
How much value has the dollar lost since 1971?Against the Swiss Franc which is also a fiat shitcoin, the USD fell 84% from 1971 to 2011 (40 years).
Just by looking at how much it fell compared to Gold from 1975 to 2011, the USD lost 94% of its value. (1/XAUUSD = USDXAU)
The same and worse holds for most fiat shitcoins right now.
As for Bitcoin and USD, Bitcoin came into life when the USD restarted its uptrend after having lost a lot of its value against most other fiat currencies. There isn't a significant correlation we can spot between the two, even though over the last 2 years there seems to be more of a negative correlation.
Even if the US gets stronger against other fiat currencies, most central banks are going to print so much that even if the Dollar gets stronger, Gold and Bitcoin could keep appreciating against the dollar and other fiat currencies.
How history hypes predict future price movement!Sometimes I ask myself why am I producing all this educational material on TW since it gets much fewer views than trade ideas themselves.
Usually, the answer is because I want to give something back. I want to teach the ones that want to learn how to catch a fish, not only get a fish.
Nikola Tesla said that we should check number 3, 6 and 9 and we would know much more about the World itself.
Let's check what number 3 tells about crypto markets.
Do you see 3 tops on all 4 graphs where the next one is lower than the previous one?
- 1st one is local hype top (peak)
- 2nd one is a local dead cat (where people still think run will go on)
- 3rd one is usually the last one (where weak players lose hands)
When that happens it's time for FUD to go away and recovery comes in place.
However, nothing can go exponential until the end. It has to stop to get some fuel for the next local hype.
That's consolidation before the next push. It can build up sideways also, but usually, it already has some upwards movement.
Some are faster like 135days or 185days to the next top in 2016 or 55-56days in 2017 when we are already deeper in the next bubble cycle.
Where are we today?
Is it consolidation or is it 3rd local top?
What do you think!?!
Give some opinions in the comments below and I will write down where I think we are. With approximately 90% probability! ;)
Enjoy your trades and don't forget that it's just an idea and not investment advice!
Bitcoin, Bonds, Gold and StocksIn this educational idea I will talk about the current state of the global economy and how Bitcoin fits in.
Most people don't realize how bad the current situation is. It could last for a few more years, as we have reached a new level of madness. Right now people are buying bonds which are so expensive, that there is no way they will get anything out of them. Not only they won't get anything, but they will get less money back at maturity. They do this only because they think somebody else is going to buy them at a higher price. Bonds have risks so they should have a yield, but now they are yielding almost nothing. Even Greek bonds are yielding 2% and they are extremely risky. Imagine paying so much for something that could cost you everything. This is definitely a bubble that could last for quite some time until everything snaps.
The on going war on cash will only ramp up and we are on the verge of a cashless society. There is no way banks can survive negative interests rates without collapsing. Low interest rates have damaged them very badly as they are struggling to make a return, and negative interest rates would totally destroy them as people withdraw their money. So a ban on cash is inevitable in order for such an event to be avoided. This will have a profound effect on bonds as people will prefer them from keeping their money in a bank. Not only this, but Central banks will also most likely keep on printing money and buying bonds, pushing their price even higher.
All this along with aging population, too much debt and pension funds being unable to make real returns are a very explosive mix that is ready to explode any time. We are seeing this especially with European banks like Deutsche bank, as well as European nation states having problems with growth. With the Fed making its first cut in 10 years, the situation in Hong Kong getting worse and with the HKD and CNH losing their 'pegs' to the dollar also very bad signs. Not only that but there is an on going global USD liquidity crunch that is most likely going to push the dollar higher, and make people that borrowed dollars in a very tough spot.
At the same time US is at full employment which is usually a point where things start trending down from that point onward. So far we are seeing US stocks having crazy valuations with their P/E ratios at pretty high levels and with large caps leading the way. This probably due to all the indexes out there, people preferring large names as a 'safe-haven' or simply larger companies having cheap access to capital to buy back their own stocks. This means that smaller companies are not following and this isn't a good sign. It shows weakness and sign that the economy is overleveraged. Central banks have muted returns by supposedly lowering risk and protecting the economy, but this has made lots of people and funds increase their leveraged positions in order to get better returns.
Not only that, but US stocks are up 30% over the last 2+ years, while for UK stocks have been pretty much stuck for almost 10 years. The US economy is the biggest in the world and it is struggling, while others have been in serious trouble. The US can't remain unaffected by what is happening around it forever. From Powell's speech it is clear that the global picture is not looking good and the Fed is clearly 'worried' about it.
Now let's get to Gold. Since 1460 it became obvious to me that Gold would continue higher. To me Gold's bubble hadn't truly popped (didn't correct completely), but I was totally discounting how much credit and money has come into the global economy through banks and central banks over the last 20 years. Based on that alone someone could say Gold is undervalued and with the current situation it could trend higher as a safety trade. Most fundamentals point to gold being the safety trade and not the Dollar, but so far we don't know how the world react if the dollar starts going higher. Right now it isn't impossible to see both of them go higher as it has happened over the last few months. As the world is moving into more insanity, everything should be expected.
In another analysis of mine I mentioned the issues I see with Gold and why we'll never see a functioning gold standard. Long term it is too problematic and during a crisis central banks could end up dumping a lot of it. A dump could come simply due to the fact that many institutions hold it and could be used as collateral. So far many central banks have been buying, but we don't know when will they be forced to sell their stock piles. People think Central Banks can't fail, but they certainly can. They are buying an asset that is actually a threat to them if it keeps appreciating. They buy gold low so that they can regulate their currencies by selling later. Currently trust in central banks is currently at an ATL and many people are questioning their effectiveness in managing monetary policy.
So far my analysis is about the current issues I see in the economy. Now let's see what how you could protect yourself in case things turn bad, because just knowing that bad things are coming is pointless. You need to know how to defend yourself. The things I will mention will allow you to capture some upside too and not just protect yourself. It will be a low risk strategy that in my opinion is well diversified. Personally like I mentioned before I am all in on BTC and that won't change, but if I wasn't, here is what I'd be doing:
First of all you want something they can't control, they can't censor, they can't inflate, they can't shut down, that you can have anywhere you go with you, that they can't detect, that allows you to pay people worldwide nearly instantaneously, that is easy to verify if it is genuine by yourself, that is impossible to counterfeit or charge back, that you own and hold yourself (there is no counterparty risk), easy to store, provides you with more privacy that paypal, you can buy goods your government might disapprove and so on. Now think which of these things can gold do and which ones Bitcoin can do. Regardless of what you think about Bitcoin viability, it is always good to have some in case it succeeds. Bitcoin will most likely give you nice upside to your entire portfolio while also protecting you from government and central bank madness. You don't know when will they ban cash, You don't know when your government will default. You don't know when hyper inflation will occur. You don't know when the stock market will crash after a 10+ year rally.
With all the above you can see why Bitcoin is better than Gold and why you should own some Bitcoin. Its current performance is also very telling about its future potential. Now in case you want to diversify I'd recommend to mostly stay away from most bonds, stocks, banks, real estate, most fiat currencies and most commodities. Here is what I think is best for those that like diversification and low risk:
- 80% in Bitcoin, Gold, US Dollars and Yen
- 20% split in several things based on your risk appetite
a) USD/USDT loans on crypto currency exchanges like Bitfinex, Poloniex, Liquid and Gate. Better yields than bonds and they pay daily interest . Are also very easy available to convert to any crypto any time. Many are strong, liquid and regulated, meaning the risk of default is pretty low.
b) Silver and Gold stocks. Silver has been pretty low compared to gold and its chart looks pretty good. Gold stocks could also perform really well, but you need to pick them very carefully. View these two as a leveraged Gold long position.
c) Stocks that historically perform well during a recession or provide services valuable in hard times. Buying already cheap stocks, that have positive cash flows and are not in indexes. Buying some in emerging markets might be a good strategy, like some Greeks stocks which have been right at the bottom for years. Personally I wouldn't put much in here, but if I did buy stocks then emerging markets with low debt or really low P/E ratios is what I'd buy.
d) In case you don't wanna buy any stocks, it would ok to get some exposure by buying some call options on certain the S&P500 in case it goes a lot higher over the next couple of years.
e) In case you are scared or not feeling like doing c or d because of the risks, it would be also prudent to short some bank stocks. Regardless of whether you long stocks or buy call options, bank stocks in Europe look pretty awful and on the current environment have pretty much 0 upside and plenty of downside. Low leveraged shorts would be a nice hedge against all uncertainty.
f) Buying and staking some new cryptocurrencies like Tezos, Algorand, Cosmos. Large, new cryptocurrencies that offer rewards for holding and staking are very attractive as traditional investors will prefer them for multiple reasons. Mainly due to liquidity, accessibility and due to the fact that most want to buy something that has a yield.
g) Other established cryptocurrencies that are either new, are connected with real businesses, exchange tokens, privacy and so on. For example I like DOGE, BFT, QASH, GT, LEO, HT, KCS, MCO, DGD, NPXS, DCR, WAXP, FSN, NKN, GRS, BTT, DUSK, ANKR, WTX, REP, MANA, LOOM, NEXO, FTM, TUBE, XMR, RIF, DERO, BCD, SC, KMD, DASH, WAVES. I don't think the right time to invest in them is now, but they will quite attractive to put some BTC in them BTC goes above 20k
h) A 1:1 leveraged Bitcoin long. Allocate some capital and long Bitcoin with low leverage. It will be very hard for you to get liquidated. Bitcoin is in a bull market and as long you buy a dip, it will be very hard for you to get stopped out.
So essentially the first category is so that you can both increase your purchasing power slowly, as well as protect yourself in case things turn bad. The second is there so that you can take a bit of extra risk and risk max 20% of your capital.
HOW TO READ THE BTC DOMINANCE CHART AND WHY YOU SHOULD USE IT!So, the title is obvious. Why should you be using this chart. Well unless you want to keep your Bitcoin, pin your ears back.
When BTC dominance is going up and keeps going up it means only one thing. Bitcoin is moving faster than alt-coins meaning your alt holdings are bleeding BTC at a heavy rate.
Too many people think they are winning in this industry because USD is up... When in actual fact they have lost a couple of BTC without noticing.
So take note of the dominance chart. Set an alert within a trend. If it is going down, look at altcoins to trade. If it is going up hold Bitcoin.
Identifying Support and Resistance 101Just a simple look at support and resistance. Someone asked me to help them identify support and resistance. When the price does finally go up or down we will see the next area of support or resistance. You can find these by using a Fibonacci or Moving Average or historic support/resistance. If you have any questions leave a comment.
Bull run comparisosns using 61.8% retracements and 200 MASee how 61.8% retracement June 2016 measures up with June 2019 from Dec 2013 and Dec 2017 Highs respectively. Also how 200 MA High June 2014 measures up with June 2018, & price crossovers of June 2016 & June 2019 respectively. All part of the securitization & commoditization of a new asset class NOT ADVICE. DYOR.
BITCOIN WHALES PUMP STRATEGY Exposed using this Indicator!ThunderLight indicator is used to catch accumulation from Whales and their entry points (hidden supplies and demands) before they pump or dump the index (forex, crypto, stocks).
The trader can't see Whales accumulation on the normal market, but ThunderLight indicator exactly can track and detect before pump or dump happens. So the trader can't be manipulated by Whales, more and more.
To use ThunderLight indicator it very simple and easy. members only needs to look carefully with spikes from the indicator.
- if ThunderLight showing spike above 1 = it means "Strong Accumulation" for the pump,
- if ThunderLight showing spike above 2 = it means "Very Strong Accumulation" for the pump.
Note: ThunderLight's impact of every timeframes are different, the more bigger timeframe, more big impact for the pump, if the spikes are under 1 it means no accumulation more. correction is coming.
on this example image above, if we zoom in, we can see ThunderLight has detected exactly whales entry point and then it goes pump +11.98%
on this another example image above, ThunderLight has detected pretty big whales accumulation that affect big impact on ENJ coin pump
for more information about this Indicator, feel free to send me a message. thank's a lot :)
The most terrible blue dragon in the cryptocurrencies marketDid you know that there is a terrible blue dragon in the cryptocurrency market?
Some investors will say that it is the famous blue whales that constantly like to manipulate the market. Others will say that an invention of fantastic stories. The truth is, respected investor; Yes!, there is a terrible dragon in the cryptocurrency market.
From the previous graphic, you will recognize your real name. But before you leave this story, know that according to the report made by coingecko, the blue dragon has grown significantly in the last period, from 54.6% to 67.0% (Current data),+11.4% approximately. That means one thing: the terrible blue dragon has become stronger.
The dominance of the Bitcoin must be below 60% for new altseason.
WOW big secret using RSI plus MACD & Signal line.No Histogram shown in MACD Log chart. NOT ADVICE. DYOR.
Bitcoin Supply and Demand Weekly ZonesWelcome to everyone.
here are some bitcoin analyzed SD zones on weekly time frame. Price respects these zones and there are chances to change the trend's dirrection after touching these areas.
As we know there is a prediction of btc price. In this year price could possible to touch around 30k usd.
so waiting for the strong move.
Enjoy the Weekend.
Happy Trading
Caution: its a pullback wave for BitcoinThis is just a pullback to major support near $10,000 from last drop to $9100. I think its not a time to create long position yet until it confirms bearish reversal which will be near $11,200 mark or so.
WHY BITCOIN & CRYPTO BEAT STOCKS!This is why I prefer trading cryptos. Look what just happened to one of the stocks I own! No warning. No chance to get out before the disaster because stock markets don't trade 24/7 like crypto markets do. They close at one price. Then the company announces a surprise fall in profits, and when the market reopens, it's down almost 30%.
At least when BTC falls 30%, it doesn't fall in an instant! I am always able to sell my cryptos in the early stages of a price crash and get out with most of my profits intact. As you can see, I can't always do the same with stocks.
I got out of Bitcoin and other cryptos as the bubble was popping in late 2017 and early 2018. I kept my profits. Meanwhile, old-school finance people have the cheek to complain that crypto is too risky and volatile! SMH.
