BTC/USD - Weekend dumpDears,
You know the dump was in the night between Suturday and Sunday... When almost everybody rest...
You know there was a lot opened long-positions with strong leverages...
You know that happen when CME was closed. And you know I am not talking about gaps (I do not believe in gaps), but some CME contracts tonight could be settled...
You know there would be price movements tonight...
Which move to expect on Monday and Tuesday? I have my own guesswork, however, everybody should have their own...
Best regards,
Paweł
P.S.
Do not use high-leverages! Personally, I NEVER EVER use more than 6x.
However, if you are the Muslim, leverages are HARAM - as you just could see, for really good reason!
Leverage
3 week strategy for DOGE to $1 T Market CapWhen dealing in a future's market
look for lengths of consolidation and see
what the average time is spent for those consolidations
this give "an idea" of how long the market takes to correct
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In the case of DOGE
it looks (more or less)
every time DOGE consolidates (on the 2-day time frame)
it lasts about 10 Bars or 3 weeks
so....we have 3 weeks to work this market!
First we put a nice market order 30% of our position @ 0.36 USD (I always like to have skin in the game)
Place a limit order for @ 0.28 USD which is a 20% drop from Market Price with 20% of our position
- All the most recent bull flags in our bullish continuation pattern
have been supported by the 0.236 on the FIB RETRACEMEN
taken from the initial thrust of volume on April 11th, 2021 top the most recent top which is 50Cent (how cool is that)
********************I am assuming this pattern is a bullish continuation pattern which is the reason behind this trade*************************
(click the link to learn more about the characteristics of a bullish continuation pattern youtu.be )
Last but not least a limit order taking up 40% of your position @ 0.12 USD
Then We Play Futures
for DOGE,
SHORT the price down to the 0.618 (0.12 USD) with 10x leverage using 10% of our position
Since the position closes at 12 cents (-62%) , a 10x short leverage means we get 620% gains
Stop Loss ratio is at a 1:1.5 ratio (Risk/Reward) but feel free to use your own R/R)
62%/1.5 = 41% stop loss = a 50CENT DOGECOIN (how cool is that)
10% position is liquidated
NOW.....
THIS PART IS QUITE COMPLICATED but if you plug in your own numbers you might see it more clearly
the 40% market position has now gained 41%
( 20% position from the limit order at 28 cents could possibly add another 60% )
WE WILL PRETEND IT DIDNTT HIT - this is a worse case scenario
60% of that profit (the 41%) was forfeited from the SHORT which <<<<
leaves 40% left <<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<
40% = 16% gain from of initial investment of the market 40% position
and is also the worst case scenario besides DOGE to ZERO <<<<<<<<<
Because these are special times and life changing moments
(BITCOIN BULLRUN coupled with #Wallstreetbets meets TikTok
we are able to sit and make trades and take profits for insane gains
ALL MY PAPER TRADES WILL HAVE A GOAL TO 200X THE INITIAL INVESTMENT
A market buy has a SELL ORDER IN PLACE at $75 DOGE which is a 200x from market price
the limit buy at 12 cents would have a sell order at $25 which would be 200x from limit price
The 6x that was caught on the way down
could be thrown on 12 cents as well that would be
making your sell order at 200x a lot sooner than $25
Do the math, plug in some numbers
hope you find this useful
DISCLAIMER _ NEVER FINANCIAL ADVISE
This gives me experience on trading futures markets whether I'm right or Liquidated.
Its a very risky probability and because of that
I only use 10% of the position of the total amount I want to buy
After our short is complete a limit order should trigger at 0.12 USD for a 40% lump sum purchase
plus 6x your 10% which is now 50% of your whole position to do what one desires
selby_exchange - Selby Margin Trading Rules v1.1Selby Margin Trading Rules 1.1
1.Trading Working Hours: 01:00UTC Monday thru 21:00UTC Friday take off all weekends and holidays. Only begin margin trading after 30 minutes of reviewing all instruments and timeframes.
2. Margin Forecasting: Charts are built on the 11/15min. using data from Heikin Ashi candle wicks. Identify entry/exit on the 1,2,3min. chart using moving average crossover intersections based on the Fibline Glance indicator set to: 100,100,0.1,40,0.1
3. Risk management: Maximum leverage on any position long or short is 70X. The position size should be based on weekly "working capital" and not total life savings. Formula for position size is a 5X position can use up to 95% and a 70X position can use up to 30%.
4. Enter limit order long/short and then set limit exit to take profit (TP) at the next short term Fibonacci level. Moving average crossovers in higher timeframes 14,21,33,48min. the 1-6hr. and 1day will confirm market direction for successful trade.
5. "THINGS TO AVOID" Greed - Bragging - FOMO
6. -2%-20% RULE: Always close negative positions. Look for a retrace opportunity to exit but if trade falls below (-2% on a 5X) or (-20% on a 70X) for more then 30min. set a stop loss limit order to prevent loss of time and a potential liquidation.
7. 60/40 Split: To maximize margin profit, stay out while awaiting confirmation of market direction, the entry must be caught at the Fib. Think/Chart 3-steps ahead, do not rush yourself into a position. Wait a few minutes between entry/exit. "3-Strikes" If you have three bad trades during the workday stop for 24hrs.
8. (TP) TAKE PROFIT: Cash-out at the end of the week into btc/fiat and pull 10% of net gains out of cyberspace forever. Work as long as you like on any day during the week, but remember not every day of the work week is always a good trading day.
Selby finding creative patterns in charts on Tradingview
Not advice for investing, but I am one to watch
Rebellion=Change=Future
AVAX (Alt Season)There is little doubt amongst the community that Alt season is on the horizon, AVAX is a great up-and-coming coin with great fundamentals. Ultimately it does not matter which coin you choose to buy(with bitcoin being the safest option and the lower caps offering the most rewards) The plan is to stay in the game until the 80th min, with enough skin in the game to reap the rewards of the "Alt Season".
LTCUSD - A look in the past and prediction for the future.Looking at LTC, the monthly is obviously dissolved but there is STILL room for growth. Litecoin is a long term hold and not something you want to miss out on! There is not much reason why it has not surpassed its ATH, considering the quick growth it is going through currently.
Levels to watch are: $150, $200, $250. Make it easy for yourself, my thoughts are it's going to eventually hit $1000. 1 BTC = 100 LTC at 100k. Don't underestimate the power of the bull, you are in life changing times.
LTC has dragged during this bull market and only did a solid 4x from $70-240. In the crypto market, a 4x is nothing. Lets prepare for coins that held strong during dumps throughout the years and keep an eye on this prehistoric gem. The last thing you want to do is be left trying to short the top like the naysayers. If you missed out on $BTC, don't miss out on $LTC.
Bitcoin: Fast Update & Trade SetupBitcoin isn't safe at all right now. The best thing to do is standing back just to watch what happens.
But for those who wanna open positions: Bitcoin isn't stable at all, so it might collapse down to the 52K areas. (As shown on chart)
If you're looking for a long position, do it when it's back to an uptrend channel. This happens when Bitcoin closes a 4H candle above the resistance levels. then long for the TPs. (My advice is taking as little profits as possible... Don't risk it.)
Tell me your ideas. Like and Share 🗣✅
Comment if you need a chart 💬
BCH READY TO TAKE FLIGHT!Hello Community!
Before we begin please support my idea with a thumbs up and a comment. It'll be greatly appreciated and will motivate me to post a little more!
BCH/USDT has successfully broken major resistance shown by the trendline in the chart. MACD attempting a bullish cross. RSI made a higher low. We can expect steady grown from here.
This is not Financial advice.
Safe Trading Calculate Your Risk/Reward & Collect!
Coin Donations Are Always Welcomed :)
Simplicity Wins
BTC Now Or Never!Hello Community!
Before we begin please support my idea with a thumbs up and a comment. It'll be greatly appreciated and will motivate me to post a little more!
BTC Is trading right next to the major resistance which was recently broken with the Elon Musk status update. Since then price has fallen back into the triangle but has been staying very close to the top. If we can get a solid break above this line for a textbook S/R flip we can expect a healthy growth to retest previous A.T.H. If we get rejected then we will continue to move lower to next major support which is around 30k.
This is not Financial advice.
Safe Trading Calculate Your Risk/Reward & Collect!
Simplicity Wins
EOS/USDT Active!Hello Community!
Before we begin please support my idea with a thumbs up and a comment. It'll be greatly appreciated and will motivate me to post a little more!
Lets keep it simple.
When taking a look at EOS / USDT on the Daily TF, we can see it trading back in a parallel channel I drew out in a previous post. It is currently making a go at the top of the channel and if it breaks out decisively we can expect to see a nice run to the next resistance drawn out, which is about 20%. This is a very active coin that seems to not shy away from 20% movements frequently. With that being said. If it fails to go through the channel I can see a move to retest the bottom, and you can guess that percentage or just look at my chart. lol
This is not Financial advice.
Safe Trading, Calculate Your Risk/Reward & Collect!!
Simplicity Wins
Btc Will lead eth and crypto to correct?Hi, i share some idea about btc and eth before.
Seems the Same. I think in 1h chart we can see some indecision making lower high and Same low, that seems another descending triangle.
I would Like to make u see on 1w chart the rsi formation seems a really bad rising wedge.. yes im maybe the First to use pattern on rsi, but let s see :)
For now Same as eth.
Can short now (31700-31890 usd) Lev 5x and set stop at 33100. Dont invest to much .
For profit i see Good tp in 27000 area and down to 25000 area. If break can see massive sell off to 20000
BTC ❗️❗️ Critical Decisive paths!Yesterday BTC aims towards local support ( orange line). After trying to attempt this support area we started seeing a nice uptrend.
Scenario 1 👉 Currently you can see BTC is forming this small rising wedge towards new ATH major resistance area. the 24 - 24300 area. This resistance area marks a critical resistance target. If we close above 24300, we can expect to see a trend towards that channel resistance. (red line)
Scenario 2 👉 If we see heavy rejection from this area, we can expect to see a break in the rising wedge. Which will lead us towards next local support zone(orange line.)
If support can not hold at the 22300 area 20,500 support would be next target.
📣 BTC is very volatile and coins are getting moved around exchanges. Entering only after confirmation of rejection at resistance or break in resistance would be your best option.
Get updates on full trade and setup !
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