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Bitcoin Bottom forming???Bitcoin Price action has seen an attempted recovery rally after the sell off and now that bitcoins above that $40,000 level we could be seeing this short term pull back be a backtest of 40k and then a continuation of this recovery rally breaking the neckline of the rounding bottom formation which happens to line up with the levels of historical support and resistance in this range . The best possible thing we could see for bitcoin is a break above this neckline and a reclaiming of 53k and beyond Let me Know what you're seeing going on with bitcoin and the rest of crypto in the comments !
BITSTAMP:BTCUSDLong
by Olutobi-Ogunsemore
How Much Can You Make Trading Forex?Mark Twain once said: “There are lies, damn lies and statistics”. People lie, numbers usually don’t, unless manipulated by liars. If you ask somebody trying to sell you a course or some other products related to the market, they’ll promise you 3x of your money in a week and convince you can start in couple days. Sounds too good to be true? Because it is. One way to return to reality in the industry where everybody is showing off their gains and concealing loses is to look at other financial aspects of life (not in a self-diminishing way, but rather self-awaking). Average General Doctors make 41.000$/year in UK. What makes you think you can make that much in a month with even a 100.000$ account? Banks deposit interests are currently at low of 0.1-0.25%/year. This is self-explanatory as banks are perceived as one of the most conservative ways of keeping your money. S&P500 averages around 9.4%/year. 47% of Americans have invested one way or another (pension funds and 401k’s) into S&P500 as a good balance between security and profitability. What do you think is the risk should be to make 25x of that in a year? Answer: 3.5-5% per trade. Most of the market participants don't risk more than 1%/trade. Why wouldn’t they risk 5% per trade for more gains? Answer: you’ll get wiped out in couple trades :/ Becoming a lawyer takes 7 years on average. Why would somebody think that watching 2 videos on YouTube or reading 7 articles is enough to place a trade? Answer: Here, unfortunately, some brokers and traders try to convince newbies, in order to take advantage of them quickly. However, trust us, trading is no different than other full-time skills you have to acquire over long periods of time. Leading investment funds experience ROI drops every 3.4 months. Would you still think profitability 12/12 months a year is realistic? Answer: It is not. Bottom Line: Trading Forex is an interesting and rewarding way of making money, but the truth is even the best traders don’t usually make more than 5-15% a month on average. On the other hand, %s don’t matter. What matters is your personal demands! If you need to make 1000$ as a side income to add more comfortability to your life a 10.000-20.000$ account with a proper trading plan should do the job. If you’re trying to become financially independent do the math accordingly 😊 Oh and also, if somebody tries to tell you something marked red in the Myths section, respectfully, stay away from them! (RUN!)
BITSTAMP:BTCUSDEducation
by Investroy
19
GbpUsd Analysis for 07-02-2022This is an analysis of GbpUsd for the coming week. Technically, Gbpusd has been in an overall downtrend printing lower highs and lower highs on the charts. recently, the price made a lower high from a demand area as shown on the chart approaching a resistance level as the BOE increased interests rates from the fundamental stand point. Irrespective of the rates increase, the figures reported was as expected, although, there are whispers that the BOE may still increase rates before the end of 2022 . However, the bull run was brought to a halt as the NFP reports from the US was released. the reports indicates a stronger USD hence signifying bearish opportunities for GbpUsd . Sentimentally... Let's go take some risks, let's go make some money.
Short
by MillionaireLogistics
XRP FORECASTOccasionally we will post some crypto analysis if there is a lot of interest in the currency. XRP is a very popular one so we decided to analyse it. Most cryptos are now reversing from a long term down trend. XRP is no different, we don't tend to short crypto but use these points as targets to take profit from our longs as you can see by the potential short zones. This is what we see for XRP long term if we continue bullish order flow. $1.28 and $1.70 are our target zones!
FTX:XRPUSDLong
by AlphaHeightsTrading
1
🤔 Healthcare Potential Booming Company?I have a long list as to why this is good. To just dumb it down, it's getting ready to potentially reverse. Check Kagi, Heikin, Baseline (I don't like the "stick" charts), and the regular candle to see where the original retest point was of the shoulder engulfing seller candle. Price has retested that point across all charts and is showing a complete slow down. Price sat at around 5.96 and below for quite some time due to the support level and is showing signs of major slowdown on the Heikin chart. Try baseline for a clearer version of the slowdown but aside from that, don't use it unless you're double checking your work. Anyways, I'm in. Enjoy if you do, if not thanks for reading. Note* I did not proof read, sending as is.
VLong
by Cordali
3
SUSHI/USDT - BTCHello everyone, I want to share with you, friends, my vision of the situation on the SUSHI cryptocurrency asset, both paired with USDT and BTC. Since the end of January 2021, a descending wedge has been formed, the asset price is accordingly clamped to the lower point of this pattern. At the moment, there has been another test of the lower boundary of this formation, an excellent zone for purchases with a local goal of up to +69% from the current values. After reaching the upper limit of this pattern, as well as reaching the SUSHI price of 7.389, I would wait with further holding of the long position and only at the breakdown and consolidation above the upper limit of this figure I counted on further growth, there is a possibility of a drop in the price of the coin in the lowest part of the wedge with a goal of 2.2-3.073$. I think this is an ideal option for buying this asset , and I am sure that this will be followed by pumping the price to at least $ 12.3 Also consider the chart to BTC A classic double bottom is formed, after working out the wedge, the local formation of the descending wedge is also taken into account when drawing the right shoulder (inverted head and shoulders). In addition, a certain trend is being carried out both from the lower part of the November 2020 loy and from the September 2020 peak, which intersects with the upper limit of implementation (May 2021 growth). According to this pattern, traders can expect an increase in the SUSHI price in the 0.0003178-0.0003550 zone If you liked this idea, please like it, thank you :)
by Greenload
Whats the difference between Risk Management & Money Management?TLDR: Risk management generally is determining what portion of your capital you are willing to risk in a trade and staying true to that. Money management is how you would spend the money earned (in this case through trading) . Eg : Rather that withdrawing all the profits from your account you can let it be there and compound it, or rather than spending it on unnecessary luxuries you can save it for a rainy day . _________________ Full: This is something I usually get asked many times by new starters in trading as they are both common terms that you will hear as you learn about trading and investing. They are both vital concepts but it's important that you know the difference between them. Money management refers to the processes of budgeting, saving, investing, spending, or otherwise overseeing the capital usage of an individual or group. The term can also refer more narrowly to investment management and portfolio management. Money management broadly refers to the processes utilised to record and administer an individual's, household's, or organisation's finances. Financial advisors and personal finance platforms such as mobile apps are increasingly common in helping individuals manage their money better. Poor money management can lead to cycles of debt and financial strain. In the financial world, risk management is the process of identification, analysis, and acceptance or mitigation of uncertainty in investment decisions. Essentially, risk management occurs when an investor or fund manager analyses and attempts to quantify the potential for losses in an investment, such as a moral hazard, and then takes the appropriate action (or inaction) given the fund's investment objectives and risk tolerance. Risk is inseparable from return. Every investment involves some degree of risk, which is considered close to zero in the case of a U.S. T-bill or very high for something such as emerging-market equities or real estate in highly inflationary markets. Risk is quantifiable both in absolute and in relative terms. A solid understanding of risk in its different forms can help investors to better understand the opportunities, trade-offs, and costs involved with different investment approaches.
Education
by JoelWarby