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Understanding The Trade is Deeper than StructureThis is an overall look at how I see the market. Knowing market Mechanics is knowing WHY the market moves. To trade consistently in the Forex Market Snipers study what we trade. We learn their moves and patterns. As we gain knowledge and gain history with this pair we begin to understand WHY and what TIMES of the day it moves. We then devise strategieS and formulaS so that when we hunt we come back with the prize every time. The Mount Everest trade is that trade and it happens in the FOREX MARKET often. This is the set up. The Morning Zone will trade into buy side liquidity. Look for Wick Exhaustion. Your favorite bearish candle patterns will present. Once the rest of buy side liquidity is taken out EURO will drop. 10am London Payout. There will be two opportunities to take long trades before price begins to look for sell side liquidity and short imbalances to fill. Without a narrative to any trade set up you are blind trading. Your why must always be deeper than just structure. Never Over leverage. Trust your trade set up. Have fun! I AM Pro Trading Made Simple
by Master-Jedi-Trader
Bitcoin - Will BTC See $10K By The End Of This Bear Cycle?Hello traders, here is my analysis for BTCUSD. Without a doubt these market conditions are extremely difficult not only from a trade execution perspective but also from a mental perspective. - You have to stay strong and take each day as an opportunity to learn and grow as a trader. BTC Makes History - BTC hit the lowest level in it's history on the weekly RSI. What does this mean? - Basically it means BTC is extremely oversold and is overdue for a bounce. Where could BTC end up by the end of this Bear cycle? - One of the first posts that i made stated that BTC could hit $20K by the end of the cycle and possibly lower.... - I wasn't expecting BTC to hit this level as quick as it did. - Being as we are still early in on the bear cycle, this tells me that BTC still has much further downside to go. - So here are the levels I think BTC will hit. 1) $20K - High Probability 2) $12K - High Probability 3) $10K - Medium Probability 4) Below $10K - Low probability I think BTC will most likely hit $12K by the end of the bear cycle ad possibly even $10K. - In my opinion there is a low probability of price trading below $10K but it's very possibly given the current economic conditions. - Keep this in mind... This is the worst economy in the USA in over 40 years. - Meaning since Bitcoin's inception, this is the worst economy it has ever faced by far. - We don't know what kind of effect that will have on BTC after all is said and done, so don't under estimate how low BTC can go. Hang in there and don't give up. I've seen thousands of retail traders throwing in the towel, you have to stay strong and be patient. This is what separates the winners from the losers, if you can make it through the worst bear cycle in the history of crypto you can make it through anything in the future. Eventually this will end and BTC will probably have the best rally in its history after this bear cycle is over and it hits the $12K low or whatever it will be. Thanks everyone and best of luck trading!
by natef1
4
Ethereum Breaking Down? Major Support Broken - Next Level?Hello traders, here is my analysis for ETHUSD. - If you read my post yesterday, I mentioned that today was a very important day for the markets being as the CPI data was scheduled to be released today. - This morning we got that data... it was not good news for the markets. - Basically inflation increased and was worse than expected. BTC held up very well considering the massive sell off in the stock market. - However ETH did not fare so well. - As you can see ETH had a large sell off today, breaking below the major support level at $1,700. **The reason that this level is significant is because it is a major support level last hit in 2021. - This is not a surprise, ETH has been looking weak for several weeks now compared to most other top 20 cryptos. Here are the Levels and Signals to watch for... What's next for ETH? 1) I do not officially consider this a breakdown until price CONFIRMS below the $1,700 major support level. 2) If price confirms below, the breakdown is official and ETH will most likely continue lower down to the next support at $1,550. 3) If price does not confirm below and instead breaks back above the $1,700 support level, the Major support level is still intact. Note** We are heading into a weekend. Most likely volume will be light however be prepared for Monday when the stock market re-opens. - Will the stock market continue to sell off? Or will it stabilize eventually giving us a relief rally which will give BTC the chance to finally breakout? Thanks everyone and best of luck trading!
by natef1
ADA Trade SetupIt's awesome right, from past few hours market moving pretty upside !! Hey Welcome back - I have something to say First let me start with overbought condition, after good rally most of the crypto's are reflecting overbought conditions. How bad it is ? Let's just say for short term may be it's better if we look for shorts and so MACD added much more confirmation to those overbought conditions, Not only me no one knows how far this trend change will go but one thing for in trading we need to focus each and every key price points, no one knows when market sentiment gonna change. So my advice is stop predicting start reading the market. THIS IS MY ADA TRADE SETUP : Entry Range : 0.6581 - 0.6470 Target : 0.6192 Stop Loss : 0.6707 Note : My trade conditions hasn't triggered yet even it's in my entry range, I'll update when the conditions triggered in update section. Disclaimer : Anything provided here is not a financial advice.
Short
by Livermore_Jr
Matic Trade Setup - Bullish Formation Ready To Breakout?Hello traders, here is a trade setup for MATICUSD. Matic is looking Bullish and may be setting up for a breakout and continuation to the target levels. - Price has been trading in a Bullish consolidation formation - Price has traded between the parallel channel and recently has been trending near the top. ** Be prepared for a breakout** - Ideally you should wait for a breakout and retest of the prior high before you enter the trade. - Aggressive traders can enter now if they are willing to take the risks. ** Tomorrow the CPI data will be released. If the news is positive Matic will most likely breakout and rally so keep a close eye on price action tomorrow. ** Thanks everyone and best of luck trading!
MLong
by natef1
2
BTC - CPI Data Released Tomorrow! Will It Mean Doom Or Gloom?!Hello Traders, here is my analysis for BTCUSD. Bad new on a Friday is like Kryptonite to the stock market... - Well what does this have to do with Bitcoin!? Tomorrow the CPI data will be released at 8:30 a.m. - This will most likely have a rather large impact on the markets tomorrow depending on whether the info is good or bad. - If you remember over a month ago BTC had a massive Rally immediately after the FED spoke during a press conference and gave somewhat good news on the economy. ( This is the effect news can have on the markets ) - On the flip side if the data is negative it could cause the stock market to have a massive sell off being as it's a Friday in which case BTC will follow. Now of course that's the worst case scenario, but we have to be prepared for all scenarios. - On the chart I drew 3 different scenario's that are possible depending on whether the news is good, bad, or average. - I have no insider information on what the CPI data is going to say so it's anyones guess as of right now, but overall BTC looks more Bullish than Bearish. Well didn't you just say that if the news is bad it could cause BTC to tank?! - Yes I did... however, being as BTC is slightly more Bullish at the moment I think that if the CPI is negative then the downside will be limited for BTC even if the stock market tanks. - This means that even if the stock market dumps BTC will still have a good chance of holding support at $28.6K and not dropping lower. - Now if the news is positive then BTC is in an excellent position to be able and re-test resistance at $31.4K and possibly even break out. - Lastly if the news is neither good or bad then BTC could just continue to trade in it's current range for the next week or so before making it's next move. Tomorrow could potentially be a very big day for Bitcoin and the markets. - Nobody truly knows what the outcome will be but if you are a new trader, watch very closely tomorrow... you may get to witness the impact of news on the markets which could be a valuable learning lesson. Thanks everyone and best of luck trading!
BITSTAMP:BTCUSD
by natef1
XLM - Target ReachedWelcome Back, As we discussed XLM trade setup earlier, Target - 1 has been triggered. Start booking profits and also adjust your stop loss. And don't forget that from target-1 to final target in this range manage your trade actively and reduce your position accordingly. New StopLoss : 0.14458 ( around breakeven point ) Conclusion : Observing current market condition yea it's perfect trade. But currently many oscillators like RSI show undervalue so i think there might be small upward moment before going to final target and not a trend change for sure but keep on reading market everything changes within no time. Be active. Disclaimer : Anything Provided here is not a financial advice
Short
by Livermore_Jr