Spottrade
BLOK zones to buy before volatility KUCOIN:BLOKUSDT
Here is my local zones to buy Bloktopia
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Possible Targets and explanation idea
➡️Analysis only for local picture. We can see 42 days whales accumulate BLOK (Direction indicator)
➡️Volume from buyers decreased before volatility.
➡️FUD between FTX and BINANCE just to manipulate price on alts down so more people open short
➡️Buy line marked on chart where you can buy Blok for trade on SPOT
➡️At current moment NO signal to buy on Direction indicator so have to wait possible test buy line on D1
➡️Take Profit will be at 0.0048
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BLOK broke out resistance#BLOK/USDT
$BLOK broke out from daily descending resistance, and now is on pullback to confirm the broken line and support.
🐮 there is a support zone around $0.007 which is the same with ascending support and descending trend line.
holding this zone will increase price to resistance levels and it is possible to increase to touch descending resistance that is the same with resistance zone around $0.02.
🐻 break down from support zone will invalid this scenario and price can drop to $0.002
Idea on AVAXAVAX is on a daily uptrend. This is a nice opportunity to take advantage of the short pull back to the 78% fibonacci retracement to a higher low to maximise your profits. When we look left for clues, we see the same happened and the prices went up to 23% before pulling back again and making yet another higher low which gives us more confidence to trade long. There is a higher chance that the price will test the previous higher before proceeding to the next direction. A perfect spot to exit the trade.
XMRUSDT - Long by Supertrend, Dow & ADX 2/11/2022* 4h timeframe: Supertrend indicator for Uptrend.
- ADX > 25: strong Uptrend.
* 1h timeframe: Supertrend for Uptrend.
- ADX > 25: strong Uptrend.
-High/Low Pivot: Higher High, Higher Low > Uptrend.
>>> When 2 timeframes have a strong trend, wait for a correction at the Supertrend 1h to open Buy.
* Commission 0.06% Binance (Future).
Strategy is not repaint (checks to previous signal before open trades.
CHZUSDT - Long by Supertrend, Dow & ADX 2/11/2022* 4h timeframe: Supertrend indicator for Uptrend.
- ADX > 25: strong Uptrend.
* 1h timeframe: Supertrend for Uptrend.
- ADX > 25: strong Uptrend.
-High/Low Pivot: Higher High, Higher Low > Uptrend.
>>> When 2 timeframes have a strong trend, wait for a correction at the Supertrend 1h to open Buy.
* Commission 0.06% Binance (Future).
Strategy is not repaint (checks to previous signal before open trades.
XAUUSD Short positionIt has been a long time since I last posted here. But, starting my 2022 right. So my first entry; since XAUUSD had a massive break out which i believe requires a reversal. First zone that im looking at is 1818 area but i believe we may also hit 1790 level or lower. Let's see how this trade goes :)
ANKRUSDTThe market is currently in a local area of support. A breakout of the descending triangle would see the price retest area of known resistance. Failure to break out of the descending triangle would see price retest the previous area of known support.
Entry: 0.11742
Targets: 0.14-0.16-0.18-0.2
SL: 0.09951
This setup would be invalidated if the price fails to break out of the descending triangle.
TCP TARGET MET!TCP broke out of the wedge and hit my target of $0.3500.
7 DAY SPOT PROFIT OF 135%, NOT FINANCIAL ADVICE.
BTC September Historic dataLooking at the past doesn't guarantee certainty for the future, but it can give us a good idea of what might happen. Looking into the price action of the last 8 years of Bitcoin's history, we can see that the performance is not that great. The price action in September has been either sideways, or sideways with some downwards momentum.
Comparing the historical data to predict the future, it's possible that mean reversion strategies could yield good performance while challenging the trend following strategies. On the other hand, in the past, we don't see high values of market noise which is great for breakout strategies.
If we dig deeper into the lower time-frames there are clear trends and smaller breakouts. (This would be another opportunity for lower time frame strategies).
September will be an outstanding test for the different strategies because market cycles, so far, have shown different behavior than in prior years.
Pre-Sep 2021 Insights:
BTC didn't have a significant rally since the dump of May/June, however, there is RSI divergence (slowing momentum), and MACD was still bearish; on the other hand, BTC will face the ATH wall soon. Last year, before September we had a strong move that ended up with a correction and choppy market conditions in September.
There are some similarities between pre-September of 2021 and the other years, for example, RSI divergence, strong moves in prior months. It will be interesting to see how it will play out and if the similarities will keep up.
Explanation per Year:
2020
In 2020 after the March dump, BTC had a strong rally until August and September was the cooling-off of that move. Also, the RSI continued making lower highs while the price was making higher highs, giving the indication of a trend reversal.
2019
Sept 2019 had a different story but the outcome was kind of similar.
Dec2018 to March 2019 we saw the accumulation phase after the bear market and when the price started to move the rally was almost vertical; Vertical moves are emotional moves and normally don't last long. September arrived while prices keep falling to make higher highs and end up with a dump in September.
The market structure from 2019 differs from 2020 but the outcome is similar, sideway-move and/or crash
2018
In 2018 we came from the 17 Dec 2017 ATH right at the end of the bear market. Price tried to break the EMA21 week and failed, giving continuation to the bear market. Price once again was choppy after a small rally confirming EMA21 week as resistance (once again).
2018 situation was different from 2020 and 2019 but the September outcome was similar.
2017
In 2017 the similarities are probably more noticeable since we were in the middle of the bull market preparing for the last move. On the other hand, in 2017 there was no death cross and we didn't see the price action going below the EMA21 week, not MA 200.
The move from March to August was strong, way stronger than in 2021, but we had the correction here and the RSI divergence was there as well.
2016
In 2016 BTC was right in the middle of the bull market and after a rally, the price came to the mean support areas and consolidate over September after a good V shape recovery.
SNXUSDT Adam & Eve Double BottomsAdam & Eve Bottoms
SNXUSDT has formed Adam &Eve double bottoms as seen in the chart. Left Bottom which is in slightly curve shape like V forms Adam because this slightly curve shape shows only Wicks of candlesticks whereas their bodies are above to that point and formed a V shape Which indicates Adam because in Adam bottom only wicks of candlesticks reaches to a certain levels or zones whereas their bodies are present above as shown in pattern at 11.114 .
Now, if we talk about right bottom as shown in the chart then candlesticks has formed Eve bottom because Eve bottom is formed in curve shape such as U shape but not U where most of the candlesticks are present with their bodies somewhere at the same levels or zones of Adam bottom. After forming a curve like U shape indicates a trend reversal from bearish to bullish.
When both bottoms are formed then we check the previous price action from where rejection was faced and results in double bottom and draw a trend line at that point which is called as Resistance as shown in chart at point 12.329.Now just wait for the breakout and retesting as shown in chart because double bottom indicates bullish trend. After retesting its resistance will be its support level and we will open our trades where their are different points for TPs.
TP points
13.276
13.827
14.335
Spot Trading vs Margin Trading Pros and ConsSpot Trading is the most basic form of trading method and is the most suitable for beginners in trading. It's simply a BUY > HOLD > SELL mechanism.
On the Other Hand
Margin Trading is complicated and should only be done by experienced traders. There are various components to margin trading such as Maintenance margin, margin calls, leverage, and liquidation.
Pros and cons of Spot Trading
👉Spot trading is easy to learn and understand and is a good starting point for beginners in Trading.
👉It's an easy process to manage risk in spot trading not taking all the complications of liquidation or margin calls.
👉You can hold an asset for a much longer time and in the case of cryptocurrency can also transfer to any cold wallet.
👉No Trading happens during downtrends.
👉The potentials gains are not very good on a smaller investment amount.
Pros and cons of Margin Trading
👉Margin Trading needs some advanced knowledge of various things such as margin calls, liquidation, leverage, etc. Hence it's not recommended for new traders.
👉You can make profits on both uptrends(by going LONG) and downtrends(by going SHORT).
👉Gives an ability to trade much larger amounts with a relatively small initial investment by using leverage.
👉Margin Trading is risky, and if not done properly can blow your account in a very short time span.
👉Profits are higher when utilizing margin trading, and so are the losses. Every exchange has its own rules for margin trading, which need to be understood carefully before investing.
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Happy Trading.
MATICUSDTAs a simple we gonna hit the 3.24 as a first TP in the 5th wave and after we will see the correction waves
DENT/ETH Great potential!Hey everyone, Cosmic here,
I think there's great potential on DENT/ETH to make some money!
It's 100+% down from last run and has made a leg up in April, and looks like it could be ready to make more moves. Even small jumps here = nice % return.
Buy and hold.
Check it out for yourself, hope this helps!
Please like, comment, and subscribe!
DOT/USDT Fib and Pitchfork ProjectionsHello everyone, Cosmic here, will keep it short and sweet.
DOT/USDT
-Month is green
-Week is green
-Looking strong
-Pitchfork showing our path up over next few months, before entering BEAR market
-FIB suggests targets of:
$50-$65 - next few months, maybe $100 if we go parabolic
Thanks for your time! Please like, share, and subscribe!
#MATIC/USDT BuyAnother spot idea for u guys.This coin is technically same as #ONE/USDT so buy both of them for a really good pump coming soon.
Bollinger Bands. An imperfect strategy for an imperfect world.I have seen and tested many strategies in my trading history but I have yet to find anything that can guarantee a 50% or higher win rate (And that 50% rate is before fees and taxes!). Bollinger bands do not provide a competitive edge, but rather, provide something more important to a retail trader. Clarity.
Bollinger bands are based on the standard deviation of the price of an asset at the current point. Standard deviation (std dev) is based on normal distribution. If you dont know what this is, thats okay. All you need to know is after 3 std dev 99.7% of prices are included. This can be used as an imperfect probability metric as only 0.3% of price points over the last 200 days lay outside of the green bollinger band shown above.
Regardless of biases, news and other such factors, bollinger bands can be used to guage whether a liquid asset is cheap or expensive.
As seen on the graph above, everybody's favourite asset (BTCUSD) can be traded with this simple 200 day bollinger (3) and (4) on daily price metrics. However, don't use indicators as a ground rule for strategies. Low liquidity assets and small timeframes significantly reduce the effectiveness of bollinger bands. Furthermore, I would not use bollingers for shorting or leveraged positions as the price has no obligation to obey its standard deviation metrics.
I recommend using bollingers on a spot position of liquid assets as displayed in the above graph. (Notice "position" not "Whole account" as all strategies should be)