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Ilovetrading

BTC MARKET UDPATE: Yes - it really is happening. Just sayin'....Even if you don't believe in fractals, this has to be a compelling picture. As I posted here on October 9 (see "Crazy BTC Mystical Convergences") Bitcoin appears to be repeating the same exact pattern couplet it did in the previous bull-bear market cycle - a descending triangle capitulating into Adam & Eve formation - just on a smaller scale. We've now had our descending triangle, our capitulation, or Adam, and now our Eve in the form of a falling wedge, which we now appear to be breaking out of at the exact same spot that we broke out of the larger falling wedge back in early Feb. The current falling wedge went lower than the bigger one in Feb., respective to the base formed by the Adam, but nonetheless, we are still following the exact same pattern. If we're going to keep following it, we should now stall at around this point (8200 area) and go sideways for 2 to 5 days (I'm guestimating times based on the smaller scale - less than half the size - compared to Feb. formation),then get a nice leg up to the top of the Adam at around 8600, then drop back down to 8400 area and go sideways for a few weeks, and then get a big leg up to the 9K area. Now - here's the most important part: FEAR. I see tons of fear going around - everyone talking about 6K and a new bear market, and this is giving me more confidence in this fractal pattern actually playing out. For us to have a truly large move up, the longs-to-shorts ratio, currently at nearly 3, needs to come down closer to a 1.5. But here's the thing: most of the current longs got in at the 5K area, so as price goes up longs should actually be staying around even (maybe only slightly up), and since fear is still high, shorts should be actually coming UP as price goes up (because most retail traders will be seeing a price increase as a shorting opportunity), resulting in an evening out of the longs-to-shorts ratio, would should set us up for the bigger move to the 9K area in a few weeks. As long as I keep seeing Trading View Ideas about shorting and "WARNING!" and "NEW BEAR MARKET?" on almost every crypto YouTuber video thumbnail, I will stay confident about this playing out. However, if things shift - if everyone starts to believe in the fractal pattern and everyone jumps on the bandwagon and the YouTubers start to talk about a market turnaround, the whales WILL crush us for it, believe me. So... guess I'm saying that I don't want people to agree with me here, haha. It's the way trading works.
BITSTAMP:BTCUSD
by CryptoTraderMark10
1
Which trading level are you? LEVEL 1 – THE COMPLETE NEWB/”WHAT ABOUT XRP?” PHASE Totally lost – no knowledge or strategy – just experimenting, and oddly/irrationally obsessed with XRP. LEVEL 2 – THE DIPPING TOES INTO THE REAL THING PHASE Starting to learn more and get into it, but losing money on most if not all trades. Loves alt coins and believes in the next altcoin run. Continues to be obsessed with XRP. LEVEL 3 – THE HEAVY LOSSES/HIGHLY IMPRESSIONABLE ‘GURU BAIT’ PHASE Learning technical analysis and trading strategies – this knowledge is making the trader more comfortable and confident, but he’s still making lots of bad decisions and losing a lot of money on trades and he doesn’t understand why. He’s trading alt coins on high leverage. At this point, a trader will often get sucked into a “VIP” group of some kind and seek out a “guru” whose trading signals he can follow. LEVEL 4 – THE EMOTIONAL ROLLER COASTER PHASE Trader now has pretty good knowledge of technical analysis. He knows the main indicators and time frames and understands market cycles, and he’s starting to make some profitable trades, and he’s finally beginning to shy away from the alt coins. However, overall, he is still losing money and starting to get very frustrated. He’ll make a great trade but then lose it all on the next one due to poor risk management and because he’s trading based on emotion. He also continues to be far too influenced and far too easily distracted or sent off course by comments he sees in the online crypto community (YouTube, Discord, Crypto Twitter, Telegram, Trading View). But he LOVES trading and has decided he’s going to find a way to make it work at any cost. The VIP group he joined is okay. It’s led him to some profitable trades but there are things that are making him start to question it. The ‘guru’ sometimes makes bad calls. Also – the guru has a different trading style and doesn’t trade with the same leverage or time frames that he trades on, and he seems to be a little arrogant and over-confident and never seems to own up to his mistakes or bad trades. LEVEL 5 – THE HITTING ROCK BOTTOM/MTV ROCKUMENTARY PHASE Although the trader has learned a lot about trading, and even given up alt coin trading completely, he continues to make mistakes and lose money. The VIP group he joined didn’t pan out the way he expected or hoped. Although he feels he’s made some progress and gained a ton of knowledge about trading and reading charts—and made some profitable trades—nothing seems to be working to actually make consistent profits and keep him from losing money, and he can’t seem to turn his knowledge into profitable trading. He is getting depressed and it’s starting to affect his personal life. HE IS READY TO GIVE UP. LEVEL 6 – THE INSPIRATIONAL LIFETIME MOVIE PHASE Trader has taken a break from trading to “regroup” and come back to it with a fresh perspective and newfound understanding and attitude. He’s going to take it seriously now and do things like keep a trade journal. He’s not going to join any more VIP groups, and he’s no longer obsessed with XRP. LEVEL 7 – THE EVERYTHING STARTING TO CLICK PHASE The trader is finally starting to apply good risk management practices and also PATIENCE. He’s come to understand that patience and risk management are the key to successful trading. He’s also reading charts with way more confidence and using strictly higher time frames (ie, weekly and above) to assess the market and plan his trades. He uses strict rules for getting into and out of trades, and he follows them. Now, making profitable trades is quite common for him, but he’s still taking some losses and having trouble on the execution side and still a little too influenced by online crypto community comments. However – he’s finally moved out of the stage of always eventually losing all his trading capital and slowly moving into consistent profitability. And most importantly, he’s learning from every bad trade and every loss and maybe even keeping a trade journal to document what he’s learning. He no longer believes in gurus and is “becoming his own trader.” LEVEL 8 – THE FIRST-DEGREE BLACK BELT PHASE Trader is combining deep, nuanced technical analysis and market knowledge with high levels of patience and extremely good risk management to become a consistently profitable trader. He rarely takes losses and if he does they are small and way smaller compared to his wins. He completely ignores the online crypto community, only checking it on occasion to gather a pulse on what the retail trading herd is thinking. He’s developed his own strategies and trading style. But he also knows he can ALWAYS get better and ALWAYS has more to learn. His stance is “always learning”. He can still go for his second- and third-degree black belt. LEVEL 7 – MASTER You should NEVER feel like you are level 7. Nobody is.
BITSTAMP:BTCUSD
by CryptoTraderMark10
2
Compra-venta Veo una tendencia bajistas en 4H, pero está llegando a un soporte bastante fuerte, Como para irse a una compra siendo pullback, pequeña tendencia alcista, luego esperar el nuevo impulso hacia la venta respetando línea de tendencia o algún nivel del fibo, o bajar ahí y romper ese soporte para luego hacerlo una resistencia Si les gusta el análisis trácenlo igual en 4H y lo revisan en 1H, para vacilar un rato Espero q cumpla algo para q nos deje buenos pips saludos
BITFINEX:ETHUSD
by UnknownUnicorn1578373
1
Euro/Usd double bottom formation on H4 Hey traders , the price has touched the lows of 1.14340 creating double bottom pattern (the W formation) without neckline , but the highs of 1.16138 are the new target profit reward . On Friday the market for euro was very bullish and create a big reversal candle on 100pip mark to touch and closed on 1.15100. So for Monday i predict another bull run and aim for the 'neckline' of 1.16137 the first pip's of the week ahead . Hope to have a very profitable week . The master is with you .
Long
by UnknownUnicorn3549910