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Bitcoin - Is the 19,000$ update ready - or a correction?I marked two strong levels for you: the 17500 mark and 17 380. These levels will serve the basis for starting from them and understand where the bitcoin price will moveHello traders. The first thing I want to say to everyone is that the upward trend is still relevant! judging purely because the trend ascending is what we see twice retest at this level, this indicates what is the priority still upward price movement if the price goes up the nearest target will be mark 18 500 the next target will be mark 18 700 and respectively $ 19,000 for 1 bitcoin in order to understand where will be movement needs to be based on data levels and build a certain flat range (Flat) When you see a candlestick closing on the 4-hour timeframe below 17200, (Please understand - not with the tail, but with the body of the candle, complete closing below this mark) feel free to look for a sell entry. since they will go to update the price - 16800 - 16500 - 16150. (where the price of the ritest will lead, I can't tell you for sure, but these values ​​will be worked out by 90% ) At the moment, I do not see any reason to look for a short position yet, as the trend is upward, and there are no special signs for a fall. Judging by the mood, expect the closing of margin calls standing in short. I ask every trader, whether you are a beginner or an experienced one, always trade with a stop loss. Since the statistics are bull run, I have always made a 30% correction - do not forget about it!
Long
by UnknownUnicorn13204076
2
Book Review: Price Action Breakdown by Laurentiu DamirWhen I started trading I was extremely excited about the possibilities that lay before me… The dream of changing your work ethic from “working for your money” to “putting your money to work for you” was intoxicating. I took every class, read every book, followed every “guru” I thought would help me get that ‘edge’, that secret sauce, to make me a great trader. Once I discovered what actually worked, and actually *did* the work of putting that knowledge into practice, I found that trading, like so many other things, follows an 80/20 rule, where 80% of your results come from 20% of your actions. I asked myself what was really important in trading, and I distilled it down to 2 points: Psychology, and Price Action. Notice, I put Psychology first. After reading about, backtesting, sim trading, and live trading so many techniques by so may experts I have distilled (culled?) the instruments in my trading toolbox to a select few. Like that scene in Gran Torino when Clint Eastwood is teaching his young asian friend how to “be a man” and learn to fix things, he gives him Duct Tape, WD-40, a pair of pliers, and said “This will help you fix half of your problems.” www.youtube.com Similarly, I now only have 2 books that I read or listen to a LEAST once per quarter. This advice in them takes care of 90% of my trading needs. This also helps me stick to the basics. Repetition is the mother of skill and we need to constantly be reminded of (and practice) those basics. Today I wanted to share with you one of those two books: Price Action Breakdown, by Laurentiu Damir. This book is going to put you to work. Trading, like any other skill, is something you learn by DOING. You can’t learn carpentry by simply reading a book. You can’t learn painting by only reading a book… you have to take a chisel to wood or a brush to canvas to put that theory into PRACTICE. Likewise, Laurentiu puts you to work trading, lesson by lesson, concept by concept. He simply and demonstrably shows the aspiring trader that all the information we need to decide to buy or sell is right there on the chart. No indicator, oscillator, or other doo-dads are needed. As he puts it, "The best indicator you can have is your brain analyzing the raw price movements.” He breaks down the specific patterns that we as traders need to look at to “see the opportunity” on the screen, notably value areas, excess price, control prices, and rejection areas. There is no mention of chart patterns (head and shoulders, triple bottom, cup and handle, ascending triangle, blah, blah, blah…) or candlestick patterns (bearish engulfing, dojo, shooting star, hammer…) - It’s all about price action. When you look at a chart and see who is buying what and where, you can make an educated decision on where to buy and sell right alongside the institutional market makers who are moving price. Quote: "Throughout this book, whenever I will discuss about buyer and seller behavior, I am talking about the long term traders. They are the ones who move the markets, it makes all the sense in the world to study their behavior, observe how price moves as a result of their actions, and formulate concepts, rules and strategies to follow what they do, to be in the same boat as them. We have to discover their footsteps and follow them." I’m a Kindle guy, and my trading partner bought the hardcopy on my recommendation. The hardcopy is a unique piece of work in terms of its layout, font choice, and stark coloring. I don’t know if it was intentional, but the fact that it is so physically *different* from other books almost makes you give what you are reading that extra bit of attention. My friend, too, owes much of his success to the techniques in this book so I never hesitate to recommend it. I hope if you decide to get this book that you will put all the necessary WORK in that is required to put concepts into practice… to imbed it into your nervous system so you can “see the money” on the chart just like Neo could see The Matrix and easily defeat what was previously an undefeatable opponent. youtu.be In a later article I will talk about backtesting - something that every trader needs to do to build up his skill, to test a trading methodology (such as price action!), and to help keep you “in the zone” (teaser for my next book review!) so as you develop and hone your trading skills, that you will keep that skill and sharpen your trading saw day by day and enjoy the benefits of being a professional financial trader. I would say 'good luck', but luck has nothing to do with developing the skill of trading just as it wasn't 'luck' that made Michael Jordan the best basketball player or Tiger Woods the golfer in the world. It was perseverance, grit, and repetition. Happy trading! smile.amazon.com
Education
by ocaptain
21
my first recognisable statistical loss i took a trade this week on AUDJPY that resulted in a loss that had many confluencing factors to take. in my eyes this turned out to be one of those losses down to probabilities, these happen and this marks my progression when i can recognise that these things happen. to note i felt 0 emotions at the loss. a trade i'd take over and over again until my data tells me otherwise. a position that was congruent with my plan and my personality when taking RE. check it out!
Education
by connorfx96
Quark Chain review.Quark Chain Review. Please, it is impossible to stress this enough. BE CAREFUL. When I look at this Graphic I can imagine people buying @ 0.00001051 and holding this coin today at an unthinkable loss! The deal is this one here: If the Coin managers do a fabulous job and survive, they will save themselves and their investors from crossing the point of no return. If we buy today and it survives, the BIG RISK TAKEN vill result in a BIG REWARD. Unfortunately that is the way The Market operates. We invest in this "THINGS" only money we can afford to see vanishing without blinking. I wish you the best of luck, after you do your own homework.
by Claudio18
3
review BTCUSDTHello everyone, it’s hard to analyze now, since we are in a pullback after a sharp short, I personally already took mine and left long, the alts as usual ten times pushed in contrast to bitcoin, we can only assume that the whole volume was thrown into the altos, since bitcoin is hard raise because of its huge volume and the fuel in it is already ending (many have already noticed that it goes lower and lower) wrote a text through a translator, sorry if something is poorly translated like if you like the idea
by MaxsimusTrade
1
review BTCUSD short or long?We have been shorting the channel for 2 months already, but not so long ago we deviated from the set channel rate and fixed above 9000$ , and could not reach the goal of 8500-8700$ Today we ran into the upper boundary of the channel and for the second time we are trying to break through, will we be able to do this? It’s quite possible, a lot of short players gained in a large amount of time Short from the border of the channel will be the right decision, because the trend is approaching and you can calmly set a short stop and not be afraid. I am still more inclined towards the long scenario and this is my personal opinion , I see no reason to return again to the zone of $ 9000-9100 and there again to flat p.s (after breaking through the channel, the trend changes to long) What do you think? Write comments, like if you liked the review
BITMEX:XBTUSD.P
by MaxsimusTrade