Reason Why You Are Always Late To Bitcoin Party!No matter how hard you try, how advanced indicators you use, you are always one step behind right? Well, i might have some explanation and a solution for you plebs.
Vast majority of the market trades Bitcoin with USDT, but did you know stable coins have been added to crypto space long after crypto pairs? That said stable coins made it 'easier' for plebs like us the trade coins. They are meant to bring us, "the dumb money" in to crypto game and to be honest, this strategy really worked. It brought millions of new bees in to the market, just to be ripped off!
Let me tell you the truth, if you trade Bitcoin against a fiat currency, chances are you won't succeed in trading. The only way you can make money with fiat pairs is to HODL. You are less likely to success if you try trading it and there is a reason for that.
Price effect on crypto's are reflected to fiat currencies AFTER their crypto pairs. That means whatever happens, happen at the crypto pairs first and then fiat pairs are priced. Want proof?
Look at Ethereum/ Bitcoin pair at 8 May @16:00 when Ethereum started outperforming Bitcoin and Bitcoin was flat against USDt. It took 3 hours for the fiat pair of Bitcoin to start falling! while some whales were exchanging their Bitcoins for Etherium, you were hoping for a breakout which turned out to be the exact opposite! Imagine what you could have done if you knew what's going to happen in 3 hours, that's how whales fool you!
This is why you will never be able to trade Bitcoin in fiat pairs successfully!
Try trading Bitcoin with ethereum, bnb or dogecoin and see it yourself!
Lessons learned: Always trade Bitcoin with crypto pairs in a bull market!
Pairs
GBPUSD 4HR TIMEFRAMEMarket Structure: Bullish
GBPUSD Is trading in the zone (in the green highlighted box), and I am waiting for a breakout to occur.
If it breaks the blue line (1.40080), then I'm waiting for buy pending orders. However, if it breaks the red line (1.36746), then I'm hunting for sell orders.
Market Structure is bullish, however, you'll never know what might happen in this market lol.
When a breakout happens, TP'S are in place. If price continues to go long, I'll add more TP'S when the breakout happens.
REMINDER: Always take profit/partial profit after TP1. Price majority of the time retraces to original entry, and continue to buy/sell onwards.
AUD/CAD in a new trend channelThe pair is forming a new trend channel and it is reaching the upper side of it. A down movement is expected. Take your profits, when the price reaches the other side of the channel.
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Good Luck and Good Trades
USD/CHF Might Prepare Its Rocket To Be Launched 🚀🚀🚀💡 Trade Idea
📈 USD/CHF | Buy Limit Order @ 0.9240
🎯 Target Profit 0.9372
🛑 Stop Loss 0.9196
❌ Do not risk more than 1% of your account on each trade
🙂 Good Luck !
Description:
The price was in a clear upward movement before posting a correction count in a form of a wedge pattern. We have confluence zone between the daily support and the trendline of the ascending channel, and this could lead to a move upward to the 0.9372 USD mark.
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Risk Disclaimer: All trading ideas published by “collegeofpips” are for educational purposes only. These posts can help you to enhance your trading skills, but please do your own research before opening any trading position. ⚠️
1*BTC-250*LTCAs you can see in the daily chart, we are currently at the upper band. At a level which we have not seen since February 11. In addition, we have the RSI on the residual currently showing a negative divergence (see black lines). Historically, the combination of overbought/oversold on the Bollinger bands and a negative divergence have led to good entries.
In my opinion, trades pro LTC are to be favored over the bitcoin current environment.
The last time this pattern broke ADA had an 83% return vs BTCADA has been on fire this year! ADA has recently broken out of a falling wedge pattern after consolidating for a short period of time vs. BTCUSD. This move will likely signal significant strength in the USD price like the last time this happened on February 18th. If resistance at 0.00003 is broken there isn't much in the way of reaching 0.00042 which is major resistance.
The Ethereum Dilemma.Prices trading near a horizontal level are always my favorite positions to discuss. Here, we can consider two great opportunities with good risk reward. Entering near a horizontal area ALWAYS gives great risk-reward, which is why you'll see me often talking about those.
The first and most obvious trade here is a long trade upon the breakout. However, we have already seen a breakout here with two wicks slightly above the resistance and the price did not manage to pull through.
The second trade idea would be a short trade on the reversal near the resistance, assuming it would hold. This would be a great idea too, yet risky as the price is in a clear uptrend and the entire market is in an uptrend right now.
That's why in this case I suggest waiting for confirmation before entering a position. If it clearly breaks out upwards go in with a long trade, if it clearly moves downards again go in with a short trade.
However, to make things complicated. I don't see the volume and volatility either to go all the way to the all time high right now or back to the $1000 level. That's I would suggest to keep this trade small for now and trade towards the smaller horizontal zones.
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- Trading Guru
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
Three Reasons to Buy BitcoinIn this technical analysis I will show you why this is a good moment to buy bitcoin. All the information can be found on the chart, but here is a small summary:
- Breakout through the resistance! A very bullish signal. We can expect this horizontal zone to turn into support later in case any downturn would happen. That's what makes this a relatively safe entry point.
- A 15% upwards potential. We see a big distance to the next horizontal zone while the stop loss directly underneath the support keeps us safe. This trade should give us a risk reward of about 2.5
- Overall bullish trend. Every trade should start with a positive bias since the likelihood of btc going up is just been so high recently given the massive uptrend.
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- Trading Guru
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
How to Prepare for Your Next Ethereum Trade, using PRICE ACTIONIn this technical analysis I attempted to make the chart as self-explanatory as possible, all information should be easily available and understandable. However, if you have any questions feel free to drop a comment down below or to send me a private message.
Next Target for Bitcoin: $17,000 - By Trading-GuruIn this idea for Bitcoin I show how you could set-up a long position in the bullish scenario that the ascending channel holds.
We can see a very important confluence at the moment the ascending channel touches the support zone. This could be a great point to enter a long trade.
Then, for the take profit location I suggest the second important confluence, the moment where the price will touch a psychological resistance level of $17,000 exactly during the time it hits the resistance line of the ascending channel
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Please like this post to support me.
- Trading Guru
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
EURAUD Longshot!I feel like this price point will challenge at least 50% of the most recent high!
I entered this trade since the daily and the 4 hour were at the bottom of the stochastic and it seems like the current flag down is approaching its end.
Good Luck!
Tp's
1. 1.63405
2. 1.63869
3. 1.64382
4. 1.65188
5. 1.68292