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AMPL in a steady updtrend AMPL is in a steady uptrend since the May crash. It is the only token I found to have somewhat decoupling from the cryptomarket temporerally and continues to make steady profits since May. This may be due to the rebasing nature of AMPL. We can see AMPL has been fluctuating in a channel between ~0.7 and ~1.8 USDT over a long period of time. Currently it stands at around the mid point of 1.07 USDT. If this is the case, AMPL was, and still remains a very good investment, at least until we get a clear direction for the general market, as it is less susceptible to the constant BTC dips. Instead, by following its current uptrend, it is gaining very good traction against BTC (see the AMPL:BTC chart). I expect one of two scenarios: 1. AMPL will continue up until it reaches ~1.8 USDT and then it will start declining. This is representative of the simplistic sketch I made in the chart. I suggest stop losses at around the current daily MA price. Expected profits can be around 50%. 2. New hype (e.g. AMPL being added on AAVE as a borrowing asset) may bring a surge of new liquidity into AMPL causing a price hike that may shoot price out of the regular channel and above 1.8 USDT. This won't last, but can lead to very high short to mid term profits (see AMPL:BTC for potential). In any case AMPL seems like a very good investment for now.
Long
by odyszeus
6
10 TIPS TO BECOME A PROFITABLE TRADERThe tips that I am about to give you can completely change your results as a trader and it can help you to start becoming a PROFITABLE TRADER or if you already is a profitable trader it can help you to increase your "win rate". 1 - Never blindly trust in the Moving Averages or any other indicator that you have set in your chart, it only takes a big spike on Bitcoin's price, or a lack of attention of your part to a bigger trend for you to be stoped in your trade. 2 - Always check your Moving Averages and other indicators in different time frames (1H, 4H, 1D, 1W), different time frames tell different stories. 3 - Identify the trend (Up, Down, Consolidation). Always look for the bigger picture. 4 - When all the MA in different time frames are giving you the same direction it's a positive sign for you to trade in the direction of that trend (but that's not the only way to use it and you need to take other indicators in consideration). 5 - DON'T EVER get in a trade just because the price went up or down 10% - 100%, first see the bigger picture (1M, 1W, 1D, 4H), then check your other indicators. Not doing it will make you lose a lot of money (constantly). 6 - Don't "FOMO" is your trades, that will make you lose a lot of money, patience is one of the most important attributes to become a profitable trader. 7 - ALWAYS check the Bitcoin chart before getting in a trade, if Bitcoin is close to a strong support and end up not holding on it and the price goes down it's very likely that other pairs of coins will go down as well. 8 - Don't get in trades that you are not sure about it, it's not worth it, sometimes you maybe right, but in the long term you will not be a profitable trader. 9 - You need to know the "Why" you are getting in that trade, and the "When" (exact moment that you will get in or out of the trade). 10 - You don't need to get into every single trade opportunity that you see, it's better to trade less with more quality trades than to trade a lot but making poor trading decisions. The tips above are simple to understand and to apply and for some can sound really easy and common but unfortunately a lot of Traders are not practicing it or are not aware of it and not following this simple tips can lead you to failure really fast. You will not necessarily become a profitable trader just by following this tips, but learnings and applying this tips is the beginning to a glorious path! I'm using ADA/USDT as an example, the intent is not to predict if the price will go up or not, if the price goes 100% up or down tomorrow it doesn't make any difference. The purpose of the post is to open your eyes to see the big picture of things, to see that sometimes some indicators if not used correctly are not very helpful to our trades, to identify a trend despite the spikes of price, to understand that there are several thinks to be taken in consideration before getting in a trade, is for you to understand that patience is a key aspect to our success. My desire is that you understand that you need to be meticulous in all your analysis, trade less, win more.
Education
by ClubCryptoTraders
1
GBPUSD Long short lonnnnng continuedMorning folks, as we all know football is coming home today; this is why I had to post this in the morning... (beers) last week I posted my set up (see link/page) if you had taken that trade you would now be sat with around 100+ pips profit.. not bad. My targets for the first long have been added to this update I believe 1.405 (my actual tp is 1.395/1.40) at the .618 Fibonacci this fib is drawn from point B to C as that is the last move in my prediction of an ABCDE formation before the market continues higher. All a bit boring I know.. if this target is then hit ill be updating on closing my positions and when I'm taking the shorts and my expected target for that.. It's also important to keep in mind the other fib levels seen on the set up.. I will be adjusting stops when needed. (already moved to breakeven.. ) could do higher low being set after this impulse we saw Friday. I wouldn't take the long from this position personally as the market has already moved either wait for the short or the next long remember in trading patience, doing your homework and supporting England in the Euros is the only thing that matters.. I watch the month week daily and place on either the 8/4/1hr charts. I am not a financial advisor or anything like that but I do take money from the market.... Firm handshakes. HAPPY TRADING. >:-)
Long
by RGFX_
Short Position on ICP/USDTHey guys, here's a short position trade setup for ICP. ICP was continuously falling since the market went down. Now it has suddenly broken the falling wedge trendline and moving towards the uptrend. The reason why we are opening a short position is that no retest has been done in the 1h chart. ICP should retest and we can take advantage of it and make some profits. Entry at $44 to $47 Stop Loss: $54.39 or you can accumulate more if you want to average your entry. Target 1: $40.84 Target 2: $35.57 Note: You can either wait for the target or close before the target. The decision is completely yours. Trade safely.
Short
by Dexter_The_Trader
US30 LONGLooking at turning my idea into profits - one of the most challenging things a trader must learn. Everyone can get their analysis right, but can they extract profits effectively from the market! That is the most important thing as a trader. Price has broken the descending trendline. Expect to see a wedge forming on 4 hour. Third bounce on ascending trend, indicating higher highs and an impulsive move to the upside. The thrid bounce is inline with 4hour resistance level. High liquidity zone! Price still expected to reach 35000 and beyond before END OF MONTH. Your thoughts?
ULong
by Wild_ZA
Is the trend really your friend?This is a short take. I'm showing a 30 min ATR trend line. Loads of traders know that ' the trend is their friend ', but do they truly exploit it? I don't think so. There were three main opportunities to exploit this trend. The problem is - now you see it but when it's developing you can't. But at each of two points where price hit the 30 min ATR line, it was worth a short, with a very tight stop loss. Trend following is a very difficult strategy, but rewards can well exceed other methods of trading. It makes sense to explore it, and develop the skill (safely on paper trading accounts). Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions and not intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which has a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts or investing in any asset class. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
BITSTAMP:BTCUSD
by Captain_Walker
ONT/USDT Update: 150% bagged. Last resistance already testedWe look at ONT since Feb 2021 where we started this parabolic recovery. 150% is already reached and we did bag some partial profit. The last resistance arounf 2.6$ was now tested and we did fail to break it the first time which is not unusual at all. The more often we test this reistance line the more likely it becomes that we can break it. After this resistance we aim for a new ATH >6$. Take a look at the volume increase, it is just beautiful. Basic rules: - Never buy the top/ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone. Check the description.
Long
by tumbler55
2