XRPUSD| When to visit SHORT?Hello trader Today I prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
Now the hype is spinning around this coin, and you can see that this asset is overbought and soon I think it will be possible to go short on XRP
While out of position, well, orders have already been placed at 0.6 while the cue ball is accumulating strength by $ 20,000, I think XRP will still be able to go into this range of $ 0.6-0.62
Dodo
For beginners| Avoid losses and save your trading capitalHello everyone, today I decided to share with you another educational idea, today talk about how to avoid losses and save your trading deposit.
Have you ever heard the saying “if you don’t spend, it’s the same as what you earn”? In other words, you need to strive to save your money. And it's hard to argue with that. However, this idea goes far beyond your savings account at the bank. It can also be applied to how you manage your trading account.
The idea of "did not spend - it's the same as earned" can be expressed in the words "did not receive a loss - it means that I made a profit." While it refers to a minimalist approach to trading, it also highlights the importance of avoiding losses.
Non-standard approach
Guys, I will give you two simple examples for a general understanding!
If I asked you why you became a trader, most likely you would answer: “I started trading to make money” or even “I would like to get rich through trading.” Most likely, you will not answer this question in the following way: "I started trading so as not to lose my money" or "I started trading on the stock exchange so as not to become poor." Feel the difference?
Both last answers may sound a bit ridiculous. However, in my opinion they are much more appropriate than the first.
Don't get me wrong, wanting to be rich is normal. If you want to make a lot of money, that's great. But if this is your only goal in trading, then you are doomed to failure.
The reason is simple. When you open a new trade, you focus on how much money this position will add to your account. It's human psychology to think about the reward, not the risk. However, this is a completely wrong approach.
If you want to stay in trading for a long time, first of all you must understand how much you will lose if the market goes against you. A defensive mindset will not only help you stay out of trouble, but will ultimately help you increase your trading account size.
The numbers don't lie
The best way to demonstrate the negative consequences of losing trades is to illustrate it. The chart below shows the percentage of profit required to compensate for trading losses.
As you can see from the chart above, if your drawdown is 50%, you will need to make a 100% profit to return to your initial deposit size.
Moreover, if you really intend to get out of the drawdown, this can only be done in a consistent and safe way. Simply throwing money into the market in the hope of making up for your recent losses will quickly drive you into an even deeper hole. Any trader who has increased their risk in the hope of recouping recent losses knows this to be true.
A deep drawdown is always very dangerous for your trading account. That's why I practice the "less is more" approach. I also believe that the absence of a position is already a position.
Consider the words of Bill Lipschutz:
If traders stayed out of the market even for 50 percent of the time they trade, they would earn a lot more.
emotional side
Another problem that is associated with losses is emotional damage. Constant losses can make you start to doubt yourself and your abilities as a trader.
If you have been trading for a while, you know that trading psychology is the key to profitable trading. You may have the best strategy in the world, but without emotional resilience, you are doomed to fail.
This brings us to a universal truth - the best way to protect your psychological health as a trader is to avoid unnecessary losses. This is an incredibly obvious statement, yet it is often overlooked.
How can losses be avoided?
Now that you know how devastating trading losses can be, you're probably wondering how you can avoid them.
However, to begin with, you must understand that losses are a necessary part of your trading. You cannot trade in the financial market without loss. However, they should not be viewed as something bad. Instead, treat losses as a necessary learning experience, not a black mark on your ability as a trader. Think of them as business expenses that are a necessary part of your chosen trading strategy.
Here are some easy ways to cut potential losses.
Trade on the daily timeframe
If you're serious about price action trading, the daily time frame should remain your go-to.
Many traders find that lower timeframes provide more trading setups and therefore offer the opportunity to make money faster. However, this is misleading. Quantity does not mean quality.
The daily chart will not only provide clearer trading ideas, but will also help you be more selective about
OPUSD | Zone of interest reached?Hello trader👋 Today I prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
While we see that the asset is moving in a downtrend, I have allocated a zone of $0.866 for buyout
I placed a grid of orders below the level of 0.866, there is a chance that we will go lower and this is a chance to get a position at a sweet price)
DAUSDT | CARDANO ready to go back to $1Guys, I want to share with you one interesting information on the Cardano fort, against this background, a possible growth is expected!
On the technical side!
According to the technical analysis, the price of ADA will resume its uptrend over time. As soon as the price of ADA hits $0.47, it will become quite obvious that the signal is triggered. Also, the entry point will start at this price to make things work.
Daily chart for ADA/USDT, a descending triangle has formed, which is approaching the top of the triangle as the daily candles approach it. The basis of the current chart pattern was a powerful and critical support level on the daily chart as the ADA price tested this level several times. After each of these tests, there was a rebound.
The upper point of the triangle is getting closer and closer to the current ADA price; therefore, the bulls may move forward to maintain the support level and prevent it from becoming resistance. This will create a short-term uptrend that could target the 20 EMA (Moving Average) around $0.49.
The Relative Strength Index (RSI) is in a favorable position for a bullish rebound at the current low, which is the bottom of the chart pattern. Maybe now is the perfect time to buy ADA. Even if the Relative Strength Index (RSI) line is below the Relative Strength Index (RSI SMA) simple moving average, it is more likely to be oversold rather than overbought. As a consequence, bulls are eligible to buy ADA at the current selling price.
During this interim period, ADA price action appears to be consolidating inside the pennant's range, with bulls in the near term. Because of this, it is possible that the ADA/USD exchange rate will rise from the pennant's ascending trend line support at $0.46 and reach the down trend line resistance at $0.60 by the end of July.
On the fundamental side, information on the fork!
Cardano Vasil hard fork to reverse bearish trend
Cardano may receive support from the upcoming Vasil hard fork, although the short-term outlook for the cryptocurrency remains pessimistic. The upgrade, which was supposed to happen at the end of June but will now happen sometime in July, is meant to make the Cardano network faster and more scalable.
A significant event, such as the Vasil hard fork, can itself have various implications for digital asset pricing. This is true, as is the case with everything else. Because of this, investors always try to guess when there will be the most noise and buy when they think the best time is.
Vasil is also expected to make it easier for developers to use Cardano. Cryptocurrency advocates say it could even bring in projects from other Tier 1 blockchains, encouraging more people to buy ADA.
In the days leading up to the Cardano hard fork, the price of ADA has risen in the past. This is a trend that could help the cryptocurrency make a comeback.
The bulls seem to have sufficient strength and it is quite possible that the price will rise to $0.64. However, the support zone between $0.42 and $0.44 could give the currency a bit more upside momentum.
DOGEUSD | We are approaching the area of interest!Hello trader Today I prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
Friends, against the backdrop of all the events, the main assets are falling and dragging altcoins with them, what can I say about DOGE, which were left without the support of Elon, which speaks of the project, but we don’t notice pumps as such.
I already wrote about the dog idea for the long term, while for me the range of $ 0.05 is a zone of interest for buying! There is strong support at this level and I think most of the big sharks are ready to buy back there.
SPX500 Stock market seeks new supportHello trader Today I prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
Friends here, it was expected that it would be 0.75 bp + J. Powell's speech
The stock market reacted instantly, downward movement and falling at the moment, 3.900 support is now a strong resistance, I think the next stop will be at $3.750-3.700
The rate hike will continue until the end of this year to 4.5%, so the Fed is afraid of inflation, which needs to be lowered.
SPX500 will drop even lower?!!Hello trader👋 Today I prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
The Fed raised the rate by 75 bp. + they said that they would raise the rate in the future until the end of 2022 to 4.5%
Markets can roll even lower now, while I advise you to just watch and buy just lower, I think the fund will rest against the support of 3750-3700 (0.786 Fibonacci)
ETHUSDT | Idea update| Where is the best place to buy?Hello trader Today I prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
While the markets are storming, I want to update the ETH idea))
while our support zone is the range of 1300-1320, this is speaking locally, while I see stronger support at $1250 if I bought ETH, I would buy it from there)
The markets will still fall until the end of 2022, so the Fed said that they will raise the rate to 4.5%, there will be a chance to pay off all assets below.
BTCUSDT | Bitcoin continues to fight for support!Hello trader👋 Today I prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
Friends, important events from the Fed await us today, there are a few hours left and the markets will immediately move)
While I would like to talk on the technical side of bitcoin, the price tests the $19500 resistance zone again and again and bounces back to $19000-18800 again and again
If you look at the chart, you can see a local ascending triangle, the price is trying to actively break through the upper resistance zone, but so far I think there is simply no strength for this.
We are waiting for the results from the Fed 0.75 bp and I think that we will see a true breakdown of the triangle!
ETHUSDT | Overview| Where is the best place to buy?Hello trader👋 Today I prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
The asset tested the 1300 zone again and got a rebound amid the growth of Bitcoin, in general, nothing global is happening yet!
While the markets are fundamentally tuned, it all depends on the Fed, well, from the technical side, there are two options, if we get positive results (0.5-0.75 bp), then there will be an increase towards $1,400 from the current ones
If, nevertheless, we see a rate not in favor of the markets (1%), then most likely we will hit the support of $1250-1200, and there we can already consider paying off these values!
So far, here are your thoughts on this, what do you think? Be sure to write comments!
BTCUSDT | Everyone is waiting for the Fed! What will happen afteHello trader Today I prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
Guys, I want to update the idea before the important events that will take place in a few hours!
USA - Existing Home Sales (August) - 17:00 Moscow time
USA - Crude Oil Reserves - 17:30 Moscow time
USA - US Federal Reserve Interest Rate Decision - 21:00 Moscow time
USA - FOMC Statement - 21:00 Moscow time
USA - FOMC Press Conference - 21:30 Moscow time
Get ready for maximum market volatility! Try to pull up all your feet in used, regardless of position!
I will repeat once again for those who are looking for information on solving the key rate!
Results 0.5-0.75 bp will be positive on the market and we will see above $20,000
If there is an increase in the rate by 1%, then most likely we will see a strong downward movement, it is still worth paying attention to the rhetoric of J. Powell, if there is talk of further easing the rate by +0.75 bp, then there will be a strong increase towards $22,500
Pay attention to the red arrow, this is the Fed's past there was a fact = forecast and we saw positive in the market instantly.
BTCUSDT | What will happen to Bitcoin after the FOMC?📌 Guys, I want to update the idea before the FOMC so that everyone is ready again for market volatility. So far, we are standing still, but the panic continues before the important events of September 21.
▫️ Speaking from the technical side, now the local support of $19000-19550 is fixing again, if the support can be held, then we can again see the growth of $20.000-20.600 to the local resistance.
▫️ Speaking from the fundamental side, the fear is still observed, most are afraid to see 1% of the FOMC creating panic in the market. Good result for the markets now 0.5-0.75 bp
🚨Well, if the expectations of the majority are clear (1%), then most likely we will see a downward movement below $18.200, although they say that 1% is already invested in the market, still be prepared for strong volatility!
🗯I opened a small LONG for 5% of the deposit with a short stop of $18.800 if the rocket fires, then I think I’ll fix it at about $20.600, I’ll write on the channel.
BTCUSDT | The FOMC will decide the fate of bitcoin!Hello trader👋 Today I prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
Friends in the last idea, I talked about the possibility of a downward movement, they broke through the local support of $19.500 and now the asset is going to test the $18.000-17600 zone
I am still out of position, watching and looking for an interesting entry point in long
It is also worth waiting for the Fed there, perhaps they will dot everything, if there is 0.5-0.75 bp, then the markets will react with growth!
As soon as I see something interesting I will update the idea!
TON USD | zone of interest almost reached!Hello trader Today I prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
Hello friends, I decided to update the idea for an interesting TON project for you!
From the last signal and video review, I said that I was waiting for a correction to the $1.5-1.3 zone until the asset reached these values, but we are already close!
It is from these zones that I would start buying up to the $ 2 mark for now, just watching)
Not financial advice, just sharing my thoughts on a chart!
ETHUSDT | Another option, double bottom!Hello trader Today I prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
As promised, I am writing the second version for Ethereum.
Guys this is just my guess, don't take this as a potential deal, make your own decision!
I chose a 3D chart and now we see how the chart draws the "Double Bottom" formation, and judging by this, we can expect the next stop in the region of $1200-1000 from the current -20%
ETHUSDT | Very interesting interchange, where is the bottom?Hello trader Today I prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
The previous idea worked in short by 12.5% without leverage.
At the moment, as you noticed, the entire crypto market is flying down, but where can we expect a stop?
I have two options for events, one I will write here the second I will write in another idea on another TF.
The first scenario is a strong support zone at 0.618 Fibonacci, a mirror level.
I singled out a flat trend that was formed over 30 days, the $1270-1250 zone, I think, will be the fall stop zone.
SHIBUSDT| Can I type LONG or go even lower?Hello trader Today I prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
Guys last time I wrote an idea and allocated for myself a zone of interest $ 0.00000972 was not enough just a little bit)
For now, I don’t think you should be in a hurry to get long positions on altcoins, but you need to wait for Ethereum to stop and this can happen at $1100-900
By this time the SHIB will have come to the area of interest and will be sitting more comfortably in position!
The resistance zone will be the recent support zone of $0.00001152 where it will be possible to fix most of the position!
Guys not financial advice, make your own decision to follow my trades or not!
BTCUSDT | Is the decline continuing or will we see a rebound soorivet trader Today I prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
As always, the new week started with volatility, bitcoin is flying down again!
I think the market is warming up before the Fed's key rate, there is a chance to fall even lower, $18.400-17.800
While I'm just watching the market without sudden movements, the most interesting is yet to come.
As soon as I see an interesting entry point in long, I will immediately update the idea!
BTCUSDT | Better wait! bitcoin thoughts! bitcoinHello trader👋 Today I prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
Guys, I want to share my thoughts for tomorrow, I think from Monday we can again see a downward movement towards $ 19,500
In this zone, fate will be decided, will we see 18.500 again or go to update the local Low, I think it’s worth waiting with long positions for now!
I closed all my trades and just waiting!
ETHUSDT | Removal can be in both directions!Hello trader Today I prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
Guys, I want to update the chart a little and share my thoughts on ETH
What is actually happening now? Can this be called a short run or is it already a reversal?
I think the first one is better, I think it’s too early to talk about growth, now they take out short positions that sit from the merge fork, after which there will be a dump again towards $ 1270-1300, I didn’t remove my orders, they are still there!
Friends, I am waiting for my safe trade for a long time, so these corrections do not bother me, if they fly away I will hiccup and look for another entry point!
DOGE | sweet limit orders are ready!Hello trader Today I prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
If we look at DOGE from a global perspective, we see a clear downtrend, and in my opinion the asset has reached its bottom!
In June, I wrote a deal for the medium term, you can find it by filters for those who are interested, and so DOGE since that moment at the peak brought 78% without leverage, think for yourself a little or a lot!
At the moment, the asset is again near the zone of interest, I have placed limit orders and will buy back in the range of $0.052-0.055
I immediately say crazy orders, I may not get it, put it up and forgot it. While waiting and watching the schedule!
Where to fix? As soon as you feel that there is enough profit, then fix it, the momentum will be strong!
Not financial advice, just sharing my thoughts.
BICOUSD | There will be growth, you'll see!Hello trader Today I prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
The guys somehow already shared this project, yesterday when bitcoin was falling, some altcoins showed growth, which can be said about BICO!
At the moment, the asset is in a downtrend, I think you can slowly gain a long position, but be careful, most likely you will need several confirmations to break through the countertrend, the support is the $0.457 zone, the stop was removed for it!