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Signals service stung with $727,000 compensation at court.I have long been an opponent of signals services and many other services that claim to be providing educational content - I have to declare. To avoid any issue that might breach the 'house rules', I have not named the company in question or any individuals. The Financial Conduct Authority is a legal regulatory entity (nothing to do with actual trading). The facts in this rare but important judgement are fully in the public domain. I ask the moderators to allow this post to remain so that traders can have discussions about it and exchange important information or experiences. The judgement of the Court will serve as 'lessons' for new and some seasoned traders. Signals services will become more cautious in their disclaimers. However, the courts are likely to see through their words. For one such (nameless) service not related to this post, I showed that an educator of traders would need to do no real trading at all. They would make more money from 'training' than trading. So lucrative is the business. New traders especially need to be very cautious. My opinion - which is not advice - is that new traders should stay well clear of 'services'. Why? Because new traders are vulnerable and more easily exploited. I believe there is enough free and good educational content on Tradingview. All that provides enough knowledge to get going on Tradingview's paper trading account. But knowledge is not experience or skill. Trading is not something you learn a formula about and go off to get rich. It is about discovering your true self and learning from experience. I have steadfastly refused to join 'services' who have approached me from my personal messages on Tradingview. I never provide signals. What you see is what you get and it will always be free and without obligation.
BITFINEX:BTCUSDEducation
by Captain_Walker
24
[$ETH] Triangle de consolidation avant impulsion baissière ? Bonjour à tous, Joyeuses Pâques à tous ! J'espère que vous allez bien et vous vous goinfrez pas trop de chocolat :) Ce week-end sur les marchés c'est assez calme, même si hier nous avons eu une séance assez volatile sur le Tezos, les investisseurs ont solder leurs positions avant le week-end de Paques et nous avons assisté à une belle baisse sur tous les assets. L'$ETH présente une structure de faiblesse après avoir bien évolué pendant un mois ( +105%) Des volumes en baisse, des acheteurs qui sont entrain de chercher les oeufs, et nous arrivons à la fin du triangle de consolidation qui pourra casser par le bas et aller naturellement retesté les supports inférieurs. Je n'ai pas trop l'habitude de prendre partie sur une position, pour autant, tous les facteurs d'analyse me renforcent dans cette interprétation. En H1, le gros Kumo baissier fait office de rempart et le prix compresse sur la SSA + un magnifique twist baissier ( direction du twist vers le bas) En H2, Le prix , la Tenkan et Kijun viennent de passer ensemble le kumo ( signal baissier fort ) En H4, on est dans le Kumo mais le prolongement de la Kijun a rejecté le mouvement haussier précédent. ( renversement de tendance => baissière). Tout cela avec un RSI qui est bloqué sous le plafond de verre des 50, ca ne sent pas bon. Je vous laisse le chart en H1 :) Zone de vigilance si breakout baissier entre 154 $ et 156 $ sur l'exchange FTX. Target : entre 146$ et 139$ Si vous désirez vous essayer sur un exchange simple et avec de la liquidité : ftx.com Encore joyeuses paques à tous! Stay Safe PEACE !
FTX:ETHPERPShort
by NicoDCrypto
1
BASF - MY ASSUMPTION:WOLFE WAVE, SUPPORT, SHORT->LONG,DIVERGENCEHI BIG PLAYERS, on this BASF chart I want present you my assumption for a developing Wolfe Wave pattern. Currently BASF is fighting against court decisions. This is why I think, the next 3 months it will be a shortsetup. After this, BASF will touch the support line. It is close to develop a bullish Wolfe Wave pattern and start a huge rising up movement. Furthermore, I guess that the reason for the ascent will be the the development of a remedy against the Corona Virus. In the last published WHO meeting it was talked that a remedy will be developed in 3-5 months. This would make my prediction possible, because the touching of the support line and the Wolfe Wave pattern would be final in 3-5 months. In addition, the RSI is building a divergence to the price. Kind regards NXT2017
XETR:BAS
by NXT2017
Dread Pirate Roberts And His Correlation With Bitcoin Dread Pirate Roberts aka Ross Ulbricht And His Legal Proceedings October 1, 2013 - Ulbricht arrested. Bitcoin crashed immediately but only to instantly enter it's 2013/2014 bubble November 18 - Ulbrichts Silk Road account, Dread Pirate Roberts, logs in despite Ulbricht being in prison. Major correction occurs in the bubble. November 22, 2013 - Silk Road goes offline. Last pause/consolidation before a new ATH/bubble top. Fast Forward through clear, extreme and categorical corruption, as well as multiple violations of the constitution by the US government in many facets. (Where’s Samuel L. Jackson when I need him?) February 4, 2014 Ulbricht indicted. Beginning of a major crash and the subsequent brutal bear market. January 14, 2015 - Trial begins. First bottom of the double bottom is made. February 4, 2015 - Ulbricht found guilty. Beginning of the consolidation for a trend reversal. May 29, 2015 - Ulbricht sentenced to double life + 40 years (ow, right in the feels). Short term bottom within the consolidation band between the double bottom. The bottom of the bear market occurred a handful of months later. August 18, 2015 - No correlation with Ulbricht. Second and final bottom of the bear market is made. January 2016 - Appeal filed; smack dab in the middle of an important consolidation period after the bear market downtrend was broken. May 31, 2017 - Appeal denied. First big and continuous leg of the next bubble cycle occurred over the previous 2 months. December 22, 2017 - Petition for Ulbricht's Writ of Certiorari(his last hail mary) to have the US supreme court review the case. they eventually picked it up shortly after. The first bottom after the bubble’s peak and the beginning of a bear market. February 5, 2018 - 21 organizations hop on board Ulbricht's petition. This is the EXACT SAME DAY that market made its first significant bottom with high volume. March 7, 2018 - 7th) US government responds. One of the responses was the dismissal of the sixth amendment claim because "No precedent has been made." Double top pattern completing and signaling the next downside leg in the movement. March 20, 2018 - Ulbricht responds. Short term top. June ??, 2018 - Supreme court makes decision. early/mid 13/14 bubble - shady business(average folk like us ain't allowed to know what happened) end 13/14 bubble - finalizing Ulbrichts indictment and the categorical evisceration of the Silk Road. Bubble Top occurs a few days later FF through court business January 2015 - Trial begins. Trend goes from bearish to neutral. FF standard legal stuff December 22, 2017 - Ulbricht goes all in on the supreme court Bubble top occurring February 4, 2018 - Legit organizations step in to help Ulbricht. Major bottom occurring. March 7, 2018 - US government says “Not so fast there Bucko” top occurring The anticipation/uncertainty leading up to the major legal proceedings, ie. court/supreme court, occurs in a downtrend while the major legal proceedings occur in an uptrend. I don’t know what the supreme court decides but there is anticipation/uncertainty now and the downtrend is occurring. Therefore an uptrend should have begun by the the same time the supreme court makes its decision, "by june". I’ll say the average all of the possible days that could be; June 15(probably closer to 30th). It's the same time area that consistently pops up in my analysis and agrees with McAfee Ulbricht shot down - US given go ahead for being police state(take it with a grain of salt here). Not good for bitcoin. Ulbricht given glimmer of hope - More clear and outright evidence that compounds the fact that the US government is corrupt; to a higher degree than we have already established. This should, but I highly doubt it will, spark a stronger cultural movement(or revolution) against "the establishment" due to how invasive and corrupt the masses now perceive it to be. Good for bitcoin freeross.org
BITFINEX:BTCUSDLong
by Lando_CalJizzian