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Patiencepays

Patience, discipline and a bit of judgementOne of the big issues for many traders is simply patience. In this video I'm showing how one set up could have taken 63 days to deliver around 500 points. What's the rush? Let the charts work for you. Patience and discipline takes time to develop, of course. Do the time. Take the time. Let time work for you. Sometimes a bit of judgement is required. But whatever we do, minimising loss is the big issue. Taking an affordable chance (or loss) is sometimes necessary - as in this game there is no certainty. My own methods therefore do not rely on 'confirmations'. Importantly in this 6H chart, one need not check the trade more than once or twice per week.
Education
by Captain_Walker
BTC – Wyckoff analysis – looks promisingHi Traders! Today we have prepared for you analysis based on Wyckoff analysis. Objective of the Wyckoff method is to improve market timing when establishing a position. Trading ranges ( TRs ) are places where the previous trend (up or down) has been halted and there is relative equilibrium between supply and demand. Institutions and other large professional interests prepare for their next bull (or bear) campaign as they accumulate (or distribute) shares within the TR. In both accumulation and distribution TRs, individuals are actively buying and selling depending on the trend (bull – they are buying; bear – they are selling) Phase A – we can observe stopping of the downtrend. Up to this point supply was dominant up to selling climax ( SC ) followed by preliminary support (PS). Once these intense selling pressures have been relieved, an automatic rally ( AR ), consisting of both institutional as well as individual demand for shares. Phase B - institutions and large professional interests are accumulating relatively low-priced inventory in anticipation of the next markup. The process of institutional accumulation may take a long time (couple of months), and involves purchasing shares at lower prices and checking advances in price with short sales. Phase C - The stock price goes through a decisive test of the remaining supply, allowing the “smart money” operators to ascertain whether the stock is ready to increase. “Spring price” is a price move below the support level of the TR established in phases A and B that quickly reverses and moves back into the TR. It is an example of a bear trap because the drop below support pretends to be downtrend. In reality, though, this marks the beginning of a new uptrend. In Wyckoff's method, a successful test of supply represented by a spring (or a shakeout) provides a high-probability trading opportunity. A low-volume spring (or a low-volume test of a shakeout) indicates that the stock is likely to be ready to move up, so this is a good time to initiate at least a partial long position. The appearance of a SOS shortly after a spring or shakeout validates the analysis. LP stands for last point of support. Phase E - the stock leaves the TR, demand is very strong, and the uptrend is obvious to everyone. Setbacks, such as shakeouts and more typical reactions, are usually short-lived. New, higher-level TRs consisting of both profit-taking and acquisition of additional shares (“re-accumulation”) by large operators can occur at any point in phase E. These TRs are sometimes called “stepping stones” on the way to even higher price targets. We fell in love with this pattern and this approach. Now everything is much clearer. Future is bright. Stay patient at least for another month. Till that time we should be in the uptrend. Guys, how do you find this approach? Do you find it helpful? Please do comment and like if you like our job. HUGS! WBM Team
Long
by WBM_Team
3
BTC - Digital Gold - Don't panic - PATIENCE IS THE KEY. Hi Guys. We know you are stressed and anxious. Don’t be. The most important is to not PANIC. Recent price fall may be linked with the last hack ($40 million in tokens) of the Korean Exchange Coinrail. This is one of the smallest exchanges. They are ranked on 90th place based on trading volume. Most notably, the hackers got away with $19.5 million-worth of NPXS tokens that were issued by payment project Pundi X’s ICO. Added to that they scored a further $13.8 million from Aston X, an ICO project building a platform to decentralize documents, $5.8 million in tokens for Dent, a mobile data ICO, and over $1.1 million Tron, a much-hyped project originating from China. The whole amount is nothing (0,013%) according to the whole market cap ($300 billion). This was unpredictable although we may expect another hacks and rapid price falls in the future. Keep a bit of fiat currency or USDT for such sales. :) Please remember why BTC is and will be the king of all crypto. This is digital gold. 1. Gold does not oxidize thus it maintains its value. Bitcoin doesn't deteriorate either. They both don't lose their value because of their (physical) state. 2. Both gold and BTC are widely used. Gold - reserves and jewellery. BTC - reserves (long-term capital investment); to buy 95% of other crypto you need to buy BTC first. There is a constant demand on both. 3. Their amount is small and strictly limited. Please look at the long-term chart. This is log scale. We have a very strong support at $6100 level. We identified triangle shape. We should bounce up from this triangle breaking resistance at $7300 - $9000 level. Please look at the green rectangle. This is boy zone. According to the Trend-Based Fibonacci Extension we are very low. Nearly at the bottom. They only major move is UP. BE PATIENT. PATIENCE IS THE KEY. Keep watching us for updates. If you like what we are doing do not forget to like it. Your comments are highly appreciated. HUGE HUGS. Your WBM Team!
BITFINEX:BTCUSD
by WBM_Team
2
WARNING : You will not like what i have to say.Hello guys, a lot of people are asking me for a new chart. I have not a lot of time theses days so here is again a really simplify one. Everybody on tradingview and on youtube have seen the formation of the obvious symmetrical triangle, everyone is talking about this from days now. A magic triangle that will save us right ? BUT, permanent bulls and crypto oracle are missing something. The big deal is the triangle is forming from the FAIL breakout of the first ABCDE descending triangle (Do you remember ? Yes, the triangle who should push us to new high in "NO FUCKING TIME", fractal, en route to 100K, blabla). But the reality is in this case the symmetrical triangle is calling B wave of an ABC major cycle correction. And what's is going on after the B in a ABC ? Yes obviously a C wave. So what the target behind this count ? Well the normal target of the wave C should be under 0$. Because i'm true BTC believer and crypto enthusiast in contrary of what most of people think, i have look for 3 strong support line that could potentially HOLD the market. First one around 4K9 will be an agressive buy for me to play a decent rebound before a new dip. 3K and 1K1 are more strong support. And market should find a bottom on theses ones, but it's way too early to speak about this. Some reliable indicators : Weekly RSI : s3.amazonaws.com Bearish divergence on weekly MACD : s3.amazonaws.com One day this monster monthly MACD need to cross : s3.amazonaws.com Weekly CMF look for a reverse cycle : s3.amazonaws.com We may bounce too 7k8 or 9k to finish the triangle but i would personally take any countertrend trade in this market. My short from 9K8 is doing well, so i'm just patiently waiting. I'm not a financial advisor or a prophet i just draw you the most probable scenario. Do your own research and trade at your own risk ! All crash and correction end one day and i can say you when BTC will find a bottom it will be probably the best opportunity in your life of investor. Have a nice week, Cheers !
BITFINEX:BTCUSDShort
by KassandrA_dotcom
167
Cryptocurrency Update - YEAR OF THE HODLER During the last month we have seen a drastic sell off in all crypto due to a massively over-bought market caused by Over enthusiastic and fake hype throughout the whole market with bitcoin -0.34% being the leader, in my opinion this sell off is now over with currency such as lite coin increasing by around $40 in the past week. Due to news releases in both lite coin(LTC) and ripple (XRP), LTC - Bringing out Litepay via visa debit, allowing LTC holders to spend there cryptocurrency anywhere in the world using there lite coin visa debit card will incease popularity worldwide and make the currency more accepted and integrated in the future. Ripple - Having teamed up with banks such as Barclays, in integrating a blockchain international system the future is looking good for this cheaper crypto coin, Unusual as it is for banks to try and integrate cryptocurrency into there everyday business, usually condemning them as "bubbles" and "nothing coins" due to there being no easy way to regulate said currency's such as Bitcoin -0.34% and lite coin, Ripple is very much different therefore in the future I believe the future for ripple is one of the most promising of all crypto.
BITFINEX:LTCUSDLong
by lukegreen439
NANO is a charging bull???Nano has been following BTC a lot in it's movement. After this pump and dump from BTC manipulation that happened last night we can see that #nano has played around 8100-8200 which is a very good bargain and good buy-zone. If we follow the Elliot Waves Pattern against the fibonacci we can have a clear picture of where the expected bull run will go. This all depends of-course from BTC which is unpredictable as usual but it seems to be forming a double-bottom after bouncing of the support twice, and hopefully it will hold strongly. Should BTC drop lower we might see a smaller, further dip from NANO but fingers crossed that the coin will keep this level and should not go lower.More volume will give more momentum upwards and although RSI is showing in the 40's this will change drastically when the market starts flowing in. Go long on Nano and long term this coin will give you great returns and it is one of the best ROI coins I found MED-LONG. I set my targets high enough to take a good profit but it is always wise to monitor in order to maximise profits along the way up. March is always the worst month for crypto historically and April should bring new green market. Wish you all well and happy trading crypto.
NLong
by glennie81
Market sentiment quickly changing, Litecoin will LEAD the packCurrently LTC could be forming the right shoulder of a very bullish inverse head and shoulders reversal pattern. No one can predict how low the right shoulder will go but it would be an extremely bullish formation if it was a higher low than the left shoulder. A breakout from the neckline of this pattern would correlate with a breakout of the current downtrend channel that we have been trading since the last all time high. (Purple dashed line is the downtrend channel.) This formation and breakout from the very LARGE downtrend channel can really change the sentiment of the market turning bullish. If/when this breakout occurs, the move up is projected to be as big as the size of the head of the current INV H&S formation. This measured move up also correlates with a resistance point in the past that I have circled in red. The next wave down will consolidate and bounce off the top of another current resistance zone (turned support after the INV head &shoulder breakout) and consolidate forming a bull flag . Another very bullish sign is the buy and sell volume on the bottom of the screen that has more than doubled in size since the beginning of the year. A breakout of the H&S reversal pattern should also be coupled with large volume at the neckline. This whole move will take place over the next few weeks. Comments both negative and positive are welcome. Constructive criticism is what helps me learn and also grow into a stronger trader. LITELONG
COINBASE:LTCUSDLong
by litelong
2
GBP/NZD possible trend continuation setup (1.77000 price area)From a technical perspective, the GBPNZD has been in an uptrend since february, this trend also being confined (not perfectly) in an upward channel. Today, price action tried heading for the upward boundaries of the channel to retest it but failed against higher time-frame structure where it would have been expected that sellers would step in. We mention that it can take a while for price to drop to our entry point IF it even drops to that level at all. Patience is a virtue, we all know that. But if it price action does drop lower, we are looking for an entry around the 1.7000 price area, our stops 1*(1H 7period ATR value) below 1.76000 at the time of entry and we are recommending the following trade management approach when it comes to targets: - Since price would be pushing against higher time-frame structure, we advise taking half of our position size out around 1.79000 and trail our stops above break even for a risk-free trade while letting the other half on for extended targets at 1.82000. - Optionally, after price breaks above the 1.8000 level and comes back down to retest it, we would start sizing into our halved position in a such a manner than allows us to maintain our stops above our break-even level at all times without forcing it (by forcing it we mean trailing the stop to a level that would not make sense technically, but you are trailing it anyway in order to keep it above break even). Therefore, we must pick the amount by which we are going to size in with surgical precision. Played right, this trade can yield substantial rewards for the risks taken.
Long
by V4nsceaux