Bitcoin.. The New world Currency! LOOL !The inmature comments from everywhere 1-2 years ago that Bitcoin are the new real currency, - "hedge against inflation" , - "future currency" -"dont buy gold anymore, bitcoin are more safe!".. etc.. etc...
I was laughing when I heard this everywhere, Have people forgot what happend a few years ago?
Scandal after scandal in the crypty market and this is just the beginning.. You are all fooled by a hipe that makes the rich richer and it still continues and retail traders dont see it.
YOU are FOOLED, an asset this big does not jump in value as much,, its an lottery and you are the looser.
and all other shitcoins as Etherium, doge etc.. What should you use is for? Its an asset with faked value! Dont you see it?!
Sell all before you loose it all (if not allready), Buy something with real vaule instead, Stocks, Gold, Oil, real currency that are traded with real things.
I have never bought crypto and will never do.
Looser
ONE OF TRADINGVIEW'S MOST POWERFUL TOOLS - And it's 100% freeThis tool will eliminate 50% of your bad trades INSTANTLY!
Can you guess which one it is?
RSI?
Volume?
Trend lines?
Sexy rectangles?
No. None.
Anchored text!
Notice I have "SHORT ONLY" at the bottom right of the screen. Anchored text will appear on any time frame, so if you flick from Monthly to 15 minute it will always appear on screen in the same location. It's the T with an anchor under the text tool :)
So why is it so powerful?
Do your Fundamental research, create and idea first. Do you want to go long or short?
Is there is a huge monthly downtrend, would you buy in it?
Pick your direction FIRST, anchor the text to your chart and NEVER EVER go against it. Doesn't matter how good the set up is, only go in the direction you have decided!
BOOM! all them bad trades avoided.
Anchored text, you won't find people selling courses on that !
Make it rain!
IS IT WORTH TAKING THE TRADE? THE FINAL DECISIONSSo you have the "perfect" setup; all the stars align and you feel utterly confident in taking the trade, but should you? I have a process that must be completed before I even think about pressing the trigger.
Fundamental analysis points me in one of two directions, then from there I'm either short or long. I then look if there is a technical entry point that lines up in the way I want to enter. The final step to take is too see what target will be and what my R:R is.
For those that don't know R:R is risk to reward. So if you have 1:1 R:R and you risk 1% of your capital on a trade, then you stand to gain only 1%. This is pretty much a 50/50 gamble, and we don't gamble in trading.
If all the stars align and the R:R is 1:1 DON'T TAKE THE TRADE, MOVE ON!
We win by having better winning trades than looser's. Ideally I want a 1:1.5 R:R, ideally 1:2 (So if i risk 1% and my trade reaches TP I gain 1.5% or 2%).
If I have a R:R less that this I stay away or risk 0.5% on a trade, but I advise you stay away from the trade and look for another opportunity. After all, there are infinite entries in the future.
Happy Trading.
Bitcoin rangeGood morning)
More than $ 70 million of long positions were liquidated at the bitmex.
Everything turned out as I wrote in a previous post, as a whole we went according to the red script: t.me
What to do now?
Possible lateral movement in the range of $ 10,400- $ 10,200
On the sidelines, most traders lose money.
Better to relax. Cool weekend subscribers)