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BITCOIN - Market Cycle - Part 11Hello Everyone,
Currently, BTC is hanging just above the $7,100 marker as the Americans markets get advanced. Trading volume has been steadily decreasing across major trading pairs, including BTC/USD and ETH/BTC, signaling incoming decision time.
After BTC makes a significant movement (regardless of whether the move was up/down), it typically needs to hold momentum. Without doing so, history has shown us is that *down* is the way we go.
At current, BTC and the rest of the crypto market are fighting against a souring Chinese narrative being spun and promulgated by media outlets worldwide. Nevermind that China is bullish on blockchain, what the market is latching onto ever more tightly is the message that the world's most populous country is anti-crypto.
That wouldn't matter much if the rest of the world were up to the task of carrying the market, but so far, no one has stepped up to the plate.
So, what happens next?
$3 Billion Exit Scam Suppressing the Market?
Until CoinTelegraph broke the news about PlusToken, a $3 billion exit scam that mostly took place in Asia, few Westerners knew of the story.
To make a long story short, PlusToken, a purported crypto investment platform and wallet, scammed about $3 billion worth of BTC, ETH, and EOS from predominantly Chinese and South Korean investors.
Few inroads have been made regarding the whereabouts of PlusToken's founders after they disappeared in June of this year. A handful of blockchain analysis firms of vaguely concluded that vast sums of crypto from wallets associated with PlusToken may be suppressing market prices with shuffled digital assets.
Crypto Twitter Remains Largely Bullish, but Some Disagree, believes that the market is due for at least another leg down. The case for a drop to the low $6,000s before finding a bottom sometime in January 2020.
A large drop to the $6K region will likely be preceded by a smaller step down to $7K flat, which is ominously looming just below the market's current standing.
Others, including famed trader Peter Brandt, see strength in BTC's current position, with Bloomberg's crypto outfit even speculating that short term prices may head above $8K.
As always, time will tell.
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I am not Bearish long term. I am a Bull of Bulls.
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God bless you!
Nothing is hard as long as the determination is there.
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We are a BITMEX specialized channel.
Our philosophy focuses on capital preservation and good risk/return operations.
We'll share our analysis, calls, and share studies that can help you be a better trader.
Enjoy!
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Bitcoin stock to flow
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DISCLAIMER
Trading is risky.
Here s a small explanation about why Im giving insight into my trades. Crypto is all about trust and transparency and that is what ID like to bring. Dont expect me to tell you how much crypto I actually own because thats none of your business. But I Will tell you how big my position will be in regard to my trading portfolio.
Secondly and actually the main reason im doiing this, is to proof to all the HALTERS out there that you can earn money with trading crypto. Most people are skeptical about trading because they heard horror stories about people who lost all their money. Follow my journey and let me proof therm wrong.
At the end of the day, the most important thing is how good are you at risk control.
Booking some losses during trading is perfectly normal, so im not afraid to show those losses. Most traders dont give any insight in what they because they perfectly know they suck and dont have a clue what they are doing in regard to risk management.
Risk comes from not knowing what you're doing.
Just like every trader, Ive seen ups and downs in my journey. I started trading stocks. And you can guess what that meant for my portfolio. Yes thats right, it was almost completely wiped out.
But I pressed on, learned a lot about technical analysis and here we are. I have experience in trading stocks, options, and commodities .
So you can assume that I know how to deal with risks.
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Accumulation is waving bye byeHere is my personal opinion, this is a wave of accumulation by those who see the real use case of XRP, and those who enter now can reap the best profits. Im all in LONG til end of next year, where i should be just fine.
-All the best saith the guy on the ferry leaving the dock, either we sink and i swim out or eaten by the whales, and i just go JONAH on them...
.2221 is ok, but ill be looking for anything below that
Thank you for liking, but commenting is best, either in or against this thought
Some informational videos to see on youtube showing good use cases and news others dont want you to see
I have no affiliate but just sharing some common sense logic and research by some good people
www.youtube.com
www.youtube.com
www.youtube.com
$ROKU Going to $300.With older ROKU devices not being compatible with netflix this week--chances are users of the older legacy devices and smart TVs purchased newer ROKU devices Black Friday/ Cyber Monday.
Technically the stock looks ripe to lift off to All Time Highs.
$300 Values the stock at $30B market cap which is far less than any other streaming business in it's tier. The company is growing rapidly and can be 'The' streaming platform that offers all subscriptions under one payment for a discount.
Also, the smart TV can serve ads much more accurately than any other conventional cable network. NASDAQ:ROKU
euro to 1.08880? potentially could be seeing 1.08800's level, as the dollar is expected to see further higher pricing.
previous post had a nice bull run to the upside objective, now we are looking for shorts as price had traded into its range.
looking to short, will be seeing how p.a is later tonight.
short short
EURO: Can we push into 1.11640's? Hey guys, just got done doing some dissecting on the Euro here.
Really incredible movement we saw this morning during ECB Press Conference release, and CPI.
Monitoring the Euro on the fifteen minute - it literally rallied 300 pips both downside and upside combined.
Looking ahead into tomorrow, there is high impact news on the Dollar. Core & Retail sales specifically at 8:30am - looking for upside continuation on the Euro,
I believe we can reach for 1.11640's potentially by tomorrow afternoon or mid day, or maybe we can reach for the downside I truly all depends on the marketplace.
My bias is going to remain bullish, it can change going into the morning depending what Price does. If my bias change, I'll most likely re-upload an analysis.
Had some pretty successful trades these past few weeks, check them out.
The Art of the FlowThe Art of the Flow
Anyone who has been in the trading world for very long has heard you must "flow" with the market. Many people say it, but do they actually understand what it means? Can they truly accomplish this in the market or are they just speaking figuratively? Anyone can look at a chart and say "do this or that" or X happened because of Y, or say "I would do this in that situation." This is all hypothetical, and means absolutely nothing!
There is a reason why intellectuals or really smart people cannot make money in the markets. And that is because they think. They think they have to know. They think about this or that, and attempt to understand what prices are likely to do before it happens. In reality all that matters is what you do, the actions you take in the market. And the best actions do not require thought. In other words, the ability to flow with the market is what separates the winners from the contributes.
The truth is, it is very hard to flow with the market. Our minds and thoughts are constantly fighting our actions. Internal struggle prevents us from being able to accomplish the necessary goal of flowing with the market. Emotions, fears, and pain prevent us from taking the best action at the right time.
A Professional Trader seems to always know exactly what to do, and when to do it. He seems to enter and exit at the best possible times. But how? Is it because he can predict the future of prices? Does he have a better understanding of price action than everyone else? This helps sure, but is not the true answer.
The reason he is able to do so is due to a special talent, but it has nothing to do with predicting price movements. It is his ability to act by doing what the market instructs him to do, without giving it any thought whatsoever. He does not resist the market, nor does he become fixated on what should or shouldn't be happening. He simply responds. Like when someone throws a ball at your face; you do not think "I should move my head" you just move your head to prevent from being hit with the ball!
A Professional Trader knows there is a lot more to trading than being able to understand what prices are doing or might do at any given time. Of course he must understand price action and price tendencies. But he only uses this as a tool of understanding markets. He knows the key is within his mind, and keeping it clear and free of clutter in order to always stay with the market.
He keeps his mind clear like a window, not a stained piece of glass. He sees the market and world for what it is. He does not see the world through a stain of what he wants, or how he thinks it ought to be. He works on cleansing his mind and thoughts of the internal fight and outward fight of resisting the market. He focuses on taking actions he believes is correct based on what the market tells him - and he is often right and therefore rewarded.
If you found this helpful please like! Feel free to comment or ask questions
Quickie THCSo here it goes, my first publish ever in the history of my brief life, on anything. I'm simply posting because I want to document my trades so I can improve them as time goes on.
I look for stocks whose earnings momentum carries them higher. Looking for sustained buying/selling programs and earnings surprises to the upside. I don't play the downside.
In THC's case, the chart shows looks good at first glance, even better once you look at the signs. You can see the storm brewing here for many days in the form of an elevated RSI reading with confirming MACD and EMA.
People know if a stock is gaining traction on earnings and money flows that direction like a magnet. It can't help it because the big hedge funds play this game to perfection. Big money creates waves.
So, ride a part of the wave...
Continuation Levels EURUSD 14/01/2018In his recent rally, the EURUSD broke resistance level from left,
Breaking out this resistance indicates the price tends to reach 1.2450 zones.
The demand below seems a great level to continue this bullish momentum,
If the price will back to this demand I'll buy there, my final target will be 1.2450.