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Find Your Trading Style: What Type Of Trader Are You ? Good morning, trading family! Ever feel overwhelmed by all the different trading strategies out there? You're not alone, and today we’re here to help you figure out exactly which trading style suits you. In this video, we’ll explore the four main types of trading—Scalping, Day Trading, Swing Trading, and Position Trading—and give you real-life examples so you can see which one fits your personality and goals best. Whether you’re someone who thrives on fast-paced, high-energy trades or prefers to take a step back and play the long game, this video will give you the clarity you need to trade with confidence. My goal is to help you tailor your strategy so it feels natural and aligns with how you want to trade. If you find this valuable, please comment below and tell me which type of trader you think you are! Don’t forget to like or share this video so other traders can benefit from it too. Your feedback can make a huge difference for someone else in our trading family! Happy Trading Mindbloome Trader

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17:08

by Mindbloome-Trading

The psychology of trading The psychology of trading presents one of the most significant challenges, especially for day traders. Initially, when individuals enter the world of trading, they primarily focus on profit. Their thoughts are consumed by calculating how much they can earn. This focus on profit is entirely valid, as trading is, ultimately, a means to make money. However, the real trick lies in developing the mindset of a speculator. Over time, traders must shift their focus from profit to potential risk. The "Risk/Reward" calculator should be constantly running in their minds. If the potential for profit in a particular trade is low, then it's usually best to avoid it. However, for beginners, it often doesn't work this way. Their unaccustomed brains are constantly bombarded by new emotions, with the primary culprits being greed and fear. These emotions lead to continuous, uncontrollable reactions. To become a professional trader, one must learn to set aside these emotions. This is easier said than done. Everyone emphasises removing emotions from trading, but the reality is that emotions are deeply rooted in the subconscious, often overriding conscious efforts. To address this problem, a deeper understanding is needed, looking at the fundamental aspects. Fear: Fear arises when confronted with the unknown. Take the example of children's fear of the dark. Darkness was a historic human adversary because it harbored predators that could potentially harm people. For a long time, human civilization lacked the technological means to repel these predators. In our instincts, fear equates to death. This explains the intense reaction generated by fear. In modern times, cities are illuminated day and night, and predators are scarce. However, fear persists as if it's programmed into us. Why aren't adults afraid of the dark? They know there is nothing there. They are familiar with the situation, and this knowledge breeds confidence, mitigating fear. Greed: Understanding the roots of greed is a more intricate task. In essence, greed can be traced back to a form of fear. Imagine that our ancestors spent hundreds of thousands of years in conditions of resource scarcity. Food, clothing, warmth, and more were essential for survival. Life depended on securing these resources. If you couldn't feed yourself, you'd perish; if you were cold, you'd die. Death, in this context, is equated with fear. To save your life, you needed more resources. To ensure an abundance of resources, you had to strive tirelessly. Over millennia, for the sake of practicality and daily life, humanity introduced money as a means to acquire these resources. That's when greed became linked to money. In modern times, there is no resource shortage, but this deeply rooted emotion persists as part of our nature. Excessive greed typically leads to impulsive actions. While impulsiveness can be advantageous in some areas, it is detrimental in trading, where it often results in errors and losses. So, what can traders do to address these challenges? As previously discussed, it all boils down to fear, which can be conquered through familiarity. Familiarity, in this context, refers to understanding the relationships between different trading actions and their corresponding outcomes. Our field is entwined with probabilities. Mathematics underpins virtually every aspect of trading. To be profitable, traders must strive for more positive outcomes. Therefore, the key is to identify the chain of actions and consequences that leads to favorable results.

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by Crypto4light

Pumps&Dumps how it works in crypto?Hello, traders! Today, I'd like to explain how pumps work in the crypto world I distinguish between two main types: Fake Pumps: These orchestrated pumps involve artificially inflating the price through the actions of a group of individuals or entities. They typically rely on coordinated buying to drive up the price. Natural Trends: These are price trends that occur organically due to project developments, macroeconomic factors, or news events. Let's start with the basics. How are trends formed? It often begins with a news release on major news portals. This news then spreads through smaller influencers on various social media platforms, eventually leading to a trend that lasts for a while due to delayed reactions. Large corporations, banks, and other factors can sustain these trends for weeks or even longer. A notable example is FTX (a negative trend) and Pepe (a short but intense trend). Now, let's delve into "whales." In the United States, the SEC closely monitors such activities and frequently imposes penalties or more severe punishments on traders. However, the crypto world operates differently, and pump schemes still exist. Here are a few variations: Signal Groups: These groups provide analysis and signals that often prove profitable. Multiple groups may collaborate, accumulating significant amounts of altcoins in advance, and then initiate pump cycles, closing one combination of coins before moving to the next. Scam Groups: These groups engage in mass shilling, create fake news, and conduct mass marketing campaigns. They typically pump and dump coins within the same day, distributing coins to their audience and then swiftly exiting the market. In general, it is possible to profit from these schemes if you can predict which coin will be pumped next. However, extreme caution is necessary, and close monitoring of the pump process is crucial. Now, let's touch on the technical aspects of how a pump unfolds. . Picture this scenario: You're a whale sitting on a hefty $200 - 300 million in USDT liquidity. Now, instead of IDX:SHID , let's consider the dynamics with $SHIB. Here's how it plays out: The whales seize the moment and decide to gobble up the entire supply of CRYPTOCAP:SHIB available in the market, fueled by a significant event such as a Twitter endorsement (as we've seen recently). Given that CRYPTOCAP:SHIB typically experiences lower trading volumes compared to major altcoins like BTC or ETH, the cost of absorbing all available orders and driving up prices by a modest 10-20% isn't exorbitant. As the pump kicks into high gear, it not only lures in retail investors but also captures the attention of fellow whales who want a piece of the action. The price trajectory continues to surge, setting new highs with each passing moment. It's a classic scenario in the world of crypto trading, where strategic moves by whales can trigger massive market movements. I've covered a bit and I think I'll continue the article if you support me with comments. Can I write about how the FWB:PEPE Pump happened, what do you think?

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Cracking the Code of Trading Success: The Power of Backtesting Hello, fellow traders! Today, let's dive into the world of backtesting. But first, what exactly is backtesting, and why should you care? Backtesting stands as one of the fundamental pillars of any trading system. This process involves testing your trading strategies against historical data to determine whether they stand the test of time. Additionally, backtesting serves as a potent tool for bolstering your self-assurance in your trading capabilities. When a trader comprehends every nuance of their system and its profitability, they become resilient in the face of losing streaks, handling them with poise. Now, let's break down these variables you should consider during backtesting: • Risk-to-Reward Ratio • Win Rate (the percentage of profitable trades) • Optimal Timeframes for Strategy Execution • Assets Where Your Strategy Excels During backtesting, you have the liberty to tweak and fine-tune these variables. For instance, if you wake up in the middle of the night with an urge to test imbalances after daily highs/lows on the EURUSD pair—go ahead, conduct the test! Here's a set of rules to guide you: • Note the Previous Day High/Low (PDH/PDL) at the start of the trading day. • Wait for liquidity to be drawn from these levels. • Anticipate an impulsive break of the structure accompanied by an imbalance on the H1-M15 timeframe. • Enter based on this imbalance with a take profit target set at the nearest liquidity pool, where the Risk-to-Reward Ratio exceeds 3. • Position your stop loss behind the swing that triggered the liquidity draw. • Remember, no drawdown and reversal mean no trade. After conducting your backtest, analyzing the results, your journey is far from over. This is where you transform into a scientist, forming hypotheses: • What if you wait for a structure break on the M5 instead of the H1-M15? • What if you enter from the imbalance and set a fixed Risk-to-Reward Ratio of 4 instead of targeting the liquidity pool? • What if you place your stop not behind the swing but behind the first candle of the imbalance? In the end, you'll amass a treasure trove of data that will illuminate your path, helping you discern the best course of action in various trading situations. PDH/PDL becomes EQL/EQH, opening the door to fresh scenarios for backtesting. Yes, it's a challenging and time-consuming process. Yes, it may leave you feeling exasperated at times. But always remember your ultimate goal: you're searching for what will generate profits, seeking that elusive edge. That's precisely why I recommend selecting a handful of assets and thoroughly understanding their unique characteristics. Learn how they behave in trending markets, during ranging periods, where they tend to offer favorable entry points, and which sessions they perform best in. Dive deep into Risk-to-Reward Ratios, win rates, position sizes—the whole gamut. What works impeccably for BTC might spell losses for EUR, and vice versa. In an ideal world, focus on one instrument and trade it until you know it better than your own hand. Trading is about automation, embracing the monotony, and banishing emotions from the equation. Now, what are your thoughts? Feel free to share them in the comments!

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Buy the deep bot. How it works?Hi, traders! Today I would like to talk about how we can accumulate our coins with algo trading. What is a Buy the deep bot? The BTD bot is your go-to tool for buying more coins at lower prices during market dips, helping you grow your coin collection and profit when the market rebounds. And now, with the newly improved BTD, starting your bot is as easy as clicking a button. Bitsgap has simplified the process for you, so all you need to do is click "start" and watch your investments work for you. It's helping you to hedge your risks and save quite a bit of money. BTD bot suits your preferences by working almost the same Grid pattern in the Spot market. Yet, it is considered Short due to better performance in a falling market, accumulating Base coins during their fall in price, moreover generating profit in Base. And this is exactly your strategy where it is pivotal to anticipate the market rebound in order to sell all earned coins later on This strategy enables you to purchase assets in smaller amounts at lower prices and then sell them all at once to close the trade at a profit. You can also explore more advanced techniques involving futures shorts or options. Interesting about this strategy? Write in the comment below what you think about it ! I always appreciate your likes and support. Let’s keep charting, traders!

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Cracking the Code with DCA bot. How to entry?Hey, traders! Last week, I received a few messages from traders who didn’t understand how to enter with the DCA bot, and I decided to write a summary about it. Determining the ideal moment to launch a DCA Bot concerning a crypto coin movement in a range calls for a well-thought-out strategy. Your decision essentially hinges on your expectations of the crypto price and the market scenario. Try to catch delve into some basic pointers: Let's suppose you're expecting the token price to bob within a middle range for some time, and you might find it advantageous to kick-start the DCA bot when the token price is hanging around the middle of that range. This strategy allows the bot to purchase more when prices dip and sell when they rise, effectively making the most of the complete price swing. 2. If you're forecasting an increase in the token price, it could be a smart move to initiate the DCA bot when the price sits relatively low within your anticipated range. This approach allows the bot to gather more tokens at the onset, which could be sold off at a profit as the price ascends. 3.On the flip side, if you're predicting a decline in the token price. This could prove beneficial to get the DCA bot rolling when the price is relatively high within your expected range. This way, the bot can offload initially and then purchase more tokens as the price falls, potentially generating profits when the price bounces back. Take the visual explanation of my guide: Keep in mind that these strategies are basic, and the DCA bot doesn't actually work with concepts like ranges, which are more typical for a GRID bot. Nonetheless, you can still establish maximum and minimum prices to trade effectively within the range zone. Therefore, feel free to apply these suggestions, but always ensure they are complete with your individual investment objectives, risk tolerance, and other factors. Happy trading! I always appreciate your likes and thoughts!

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EMA Essentials - How It Works for Traders The Moving Average (MA) is a widely used tool in various markets. In simple words, Moving Averages (MA) are extra lines on the price chart of an asset. They look similar to the price chart but appear slightly delayed and smoother, without the ups and downs. Moving Averages in Crypto. Crypto and Moving Averages In the world of cryptocurrency, we pay close attention to a couple of key patterns: the golden cross and when prices touch the 200 EMA. The first pattern points to market volatility, while the second one often signals the presence of robust potential support and buying opportunities. What's the difference between moving averages? There are a few structures of it: Moving Average Exponential Moving Average Weighted Moving Average What about the strategies of EMA? Moving averages make a visible entry, you understand where big players can make deals. In that meaning, you can buy if the price goes above the average and sell when it drops below. Choosing between Simple Moving Averages (SMAs) and Exponential Moving Averages (EMAs) can be tricky. EMAs react faster to current market moves, giving early signals but sometimes false ones. If you want to beat the market, remember, it's tougher than basic timing strategies. In a good situation, many strategies work because things are positive. But when times get tough, lots of strategies can't prevent losses. In trading, folks often talk about the "golden cross" (good times ahead) and the "death cross" (not-so-good times). These terms are all about how different moving averages work. People usually watch the 50-day and 200-day MAs. When the 50-day goes above the 200-day, it's called a "golden cross," which is a good sign for trading. But if the 50-day goes below the 200-day, it's a "death cross," indicating a not-so-great time for trading. I also want to mention the "pull in" pattern. This occurs when the EMA lags behind the price, which can be advantageous for your trade. In conclusion What is the most important thing about working with this feature? Integration with pattern and trading chart patterns Use it as confirmation for entry points. Collect data on previous retracements, sometimes new formations appear on the market, which have a new logic. What are some formations to watch? Breakout, Breakout with retracement, Pullback from impulse, Pullback from trend into density by volume indicator Have a nice day, traders! I am always glad to talk with you in the comments! I will appreciate your likes!

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Decoding the Grid Bot: My Take and Adventures!Hello, traders! We will talk about the popular strategy GRID bot. What is about Grid strategy? I am well-acquainted with grid trading. The concept involves placing orders both above and below a specific price using a "price grid" for orders. This grid consists of orders set at gradually increasing and decreasing prices. When I start to use a grid bot strategy, my goal is to increase profits and establish a consistent income flow by capitalizing on market fluctuations. By automating the process of buying when prices are low and selling when they're high, I manage to steer clear of emotional trading and enhance my overall trading efficiency. What are the best settings for it? The profit really depends on your grid settings, the volatility on the coin, and the overall price action. So there are no best settings that apply to all the coins. You will have to check the volatility of the chosen asset and select the grid size (30, 50, or 100) grid lines, depending if you want a tight or wide grid and the amount allocated to the bot. From my own experience, a grid percentage of around 0.7% seems to strike a good balance for most assets. This blend of factors plays a significant role in achieving favorable outcomes. Tips Comparing the Grid Bot strategy with a fixed amount of quote currency purchased, using the same number of grids (10), and excluding Trailing up/down features: In the wide range (SW) scenario: Advantages: Potential to secure profits with large price swings. Disadvantages: Transactions are less frequent, as higher volatility is needed for hitting the grid targets. In the narrow range (SN) scenario: Advantages: More transactions are executed, increasing the likelihood of generating frequent but smaller profits each time. Disadvantages: There's a greater chance of the price moving out of the designated range, requiring either a re-gridding or the implementation of trailing strategies to manage the situation effectively. When I engage this bot, I've crafted a quick guideline that consistently directs my usage based on the present situation: 1) Check your current market. If it’s a flat market, you can have a good trade. 2) Make a challenge to open trades with an analysis of EMA 20 3) Diversification, don’t put to one GRID all your deposit. Choose a few coins to trade with How an indicator EMA could help you in trading with the GRID bots? Well, it could give you an example, of how much range you can open your deal. For example, look at CRYPTOCAP:LTC and screenshot it: Price may gravitate to the EMA, creating liquidity that will work in the GRID bot. Looking ahead, grid bot trading's future in cryptocurrency could be influenced by trends like artificial intelligence (AI) and machine learning (ML). These technologies could help traders and exchanges improve their bot settings to match the market better. That means smarter choices and more profits. That’s a small point of my view, traders. Please, tell me about your experience with the GRID bots. I also will glad to see your likes and subscriptions!

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News-Based Trading: How News Acts as the Best Indicator Beginners diving into the dynamic world of cryptocurrency trading often find themselves influenced heavily by news. Eager to anticipate trends and, obviously, earn big, they hang on to every piece of information. Here’s the twist: trading based on news, more often than not, ends in heartbreak and empty pockets. 📉 But what’s the reason? 🔑 KEY QUESTIONS: How can you navigate cryptocurrency trades using news? Can news truly be an effective indicator for cryptocurrency moves? Delving into the ripple effect of news on the crypto sphere. Crafting a winning strategy: Navigating news-based cryptocurrency trades. News: The Puppeteer Behind the Scenes🎭 On the surface, news might look like the golden compass for predicting market moves. However, the waters run deep. Big sharks - those with hefty wallets - often use news as their puppet strings to control the market. They capitalize on the knee-jerk reactions of retail traders. 🎣 Imagine: A piece of unfavorable news is released. Retail traders, gripped by panic, rush to sell their cryptocurrency, hoping to minimize losses. This is when the big players snatch up large amounts of cryptocurrency at bargain prices. Suddenly, the market takes an unexpected turn, soaring high, leaving those sellers scratching their heads in confusion. 🚀 On the flip side, when the headlines scream positive news, the actual price movement might surprise you. The real game-changer isn’t the news per se, but how traders respond to it. 1. Elon Musk & Bitcoin: When Musk revealed Tesla's embrace of Bitcoin, charts showcased this at the pinnacle of the market. Yet, the aftermath? A staggering 50% plunge. 😲 2. Salvador's Bitcoin Move: Despite the buzz and optimism around Salvador adding Bitcoin to its reserves, Bitcoin's price took a surprising dip. 📉 3. Meme Crypto’s Grand Debut: Post the grand showcase of the meme crypto, Shiba Inu, at Times Square, its value dwindled. The euphoria surrounding this news turned to disbelief as Bitcoin dropped by a whopping 70%, with altcoins plummeting by 90%. 😵 These narratives underline the power of news in the cryptocurrency arena, not always for the right reasons. News might ignite fear or trigger euphoria, but it's vital to stay grounded. 🧘 Recognizing the potential manipulative tactics of major players is key. Equipping oneself with a robust trading strategy and a sound risk management plan is your armor against the tumultuous world of cryptocurrency trading. 💡🛡️

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by Yaroslav_Krasko

Diving Into Levels and Supports: Key Indicators (Part 2)Hi friends, I decide continue our article about levels and supports and talk about indicators. My last post about it you can look at this link: Introducing the Smart Money Concept: 1) "Smart Money Concepts" (SMC) is a relatively new yet widely embraced term among price action traders. This strategy helps them navigate liquidity more accurately and pinpoint optimal points of interest in the market. By checking where institutional market participants have placed their orders (either buy or sell side liquidity), traders can make more informed decisions about their entries and exits based on price action. Moreover, the indicator comes with alerts to identify swing structures and other relevant conditions, further enhancing its functionality. You can check the indicator: Smart money - Lux algo. And here is the possible entry. First of all you need to check reaction of the liquidity levels and then decide how to trade! It could be JOC, BOS or just bar. If you want to look in more detail for it, I recommend you read more about this indicator on Tradingview. 2) Presenting our top selection of tools for identifying support and resistance levels: Bollinger Bands: This indicator created on volume-weighted moving averages. In scalping, the strategy typically involves buying at the lower boundary and selling at the upper boundary. This approach is effective during flat movements and also works well when dealing with strong volumes in large candlesticks. What is the volume level? It's a level with high volume of the session/day. For example: 3) The Fibonacci retracement is a favorite among many short-term traders because it's great at identifying possible support and resistance levels. With TradingView's Fib retracement, you can easily trace important Fibonacci ratios between any price high and low you want. It's or view of 4h chart. The first strategy named "volume bar". The trade rule is simple = buy on the near 0,5 - 0,8 level, sell on the top, and your stop loss should be under the volume candle that draw the chart. RR is up to 1k2 and more. All these indicators can be use in your trading, and there are a lot of strategies for each of them. For example, for Fibonacci, aftershocks are still popular. Bollinger bands can be use in scalping with liquidity or volume levels. I prefer fibo retracement and smart money concepts. What’s your favorite indicator? Write in the comment below! Have a nice day, folks!

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Mind Over Market: How I Win Big with the Right Trading Mindset!Hello, everyone! Today, I would like to share my trading methods with you. 80-90% of the trading work is having the right mindset. The rest comes down to algorithms, strategies, and market phases. What helps me stay on track? Mental hygiene . I don't look at other traders' charts until I conduct my analysis. That allows me to create specific neural connections that have influence to my decision-making process. How I react to news - any news brings volatility, and by determining the intensity gradient, I can assess whether a coin is in the game. I don't pay first attention to PNL - it's better to hide it if your trading terminal allows it. This way, you won't get distracted by profits and losses and can focus on your trading. Meditation - the simplest way is to spend 10-15 minutes sitting with closed eyes, feeling awareness throughout the body. It helps restore dopamine levels and establishes good mind-body coordination. I like reading books. Regarding trading psychology, Mark Douglas' book "Trading in the Zone" covers the topic well. I recommend you read it. Good morning . Start your day with positive affirmations and set yourself up for a calm and steady day. Cultivate equanimity within yourself. I do physical exercise at least 3 times a week. Consistent strength training helps me improve neural connections with my body and muscles, creating a high hormonal environment for further success. Supplements. I study my diet, of course I might have a beer every once in a while. But taking daily supplements that make me feel better is a masthead for me. And the last one. Use your market gains to spend on your dreams. Just start from small to big. This way, you reinforce positive affirmations for future victories. Reinvesting in your portfolio is essential, but remember to take profits from some period to enjoy the results here and now. These are simple methods, and everyone has their approach to the market. Maintain a stable mindset and keep improving your knowledge! What methods do you follow, folks? I would appreciate your subscription and likes for this post! See you!

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Bull market strategies (Part 3)Hey, traders! My friends have asked me to compile a list of actions we should take during a bull market, and that's what this post is about. Let's get started! Also, this is the final "The bull market" post in this list of articles. I have also attached part 2 below. As the bullish markets wind down, I always keep a sharp lookout for lower-priced cryptocurrencies to expand my investments and diversify my portfolio. To navigate the bullish market wisely and ensure sustainable growth, I implement the following strategies: Buying early : Catching the beginning of a bull run can be challenging, given the ever-changing crypto market conditions. However, I diligently monitor technical indicators and strong market sentiment to identify the start of a bull run. The earlier I buy, the higher the potential selling price. The first indicators that I will use are RSI/Stochastic. Planning profit-taking with sell limit orders : To overcome the fear of missing out on huge gains, I make it a habit to take profits consistently. I sell portions of my assets while retaining others for future growth. Leveraging sell limit orders help me automatically sell my crypto once it hits a predetermined market price, allowing me to secure my profits effectively. HODLing and reaping the rewards : Holding onto my crypto not only helps me sidestep Capital Gains Tax, but also presents opportunities to generate income. I explore passive income options like staking, lending, and providing liquidity. However, I always exercise caution when selecting DeFi protocols to avoid triggering any unwanted taxable events. Amplifying gains with leveraged trading : While derivatives, margin trading, and leverage can be enticing during a bull market, I know that conducting thorough research and risk assessment is crucial. These financial products have the potential to multiply my gains by increasing my exposure to the underlying asset if the market moves in the right direction. Using automated crypto tools : Trading bots play a significant role in my trading strategy. With automated trading, I can trade more efficiently and capitalize on even the smallest price swings without having to myself monitor the markets. Diversifying my portfolio : Spreading my investments across various assets is a risk management approach I firmly believe in. I analyzing performance indicators like previous all-time highs, past performance, and roadmaps. I can make informed decisions about diversifying my investment choices. Preparing an exit strategy : I will always keep in mind that even bull markets eventually end. Therefore, I tailor my exit strategy to ensure I've recouped my initial investment by the end of the bull run. Holding diverse parts of assets for future growth is also a crucial part of my exit plan. What is your strategy at this period? Write in the commentary below. I will appreciate your subscription. See you, folks! Have a great week!

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Bull Market Strategies: How to Invest in a Bull Market?Hey, folks! Today I will continue my story about Bull Market Strategies. Jumping on board with a bullish market at the right moment is crucial — buy early and watch your investments soar, eventually cashing in on those higher prices as the market peaks. However, if unforeseen circumstances (such as crises or regulatory actions) arise and a bear market looms, it's wise to downsize your positions, particularly in less-established cryptocurrencies. Temporarily shifting your holdings to assets like precious metals or cash can offer better stability during market crashes. As bullish markets wind down, keep a lookout for lower-priced cryptocurrencies to expand your investments. Below are a few strategies for riding the bull consciously and maintaining sustainable growth: Buy early: Catching the beginning of a bull run can be challenging, especially with the ever-changing crypto market conditions. Still, monitoring technical indicators and strong market sentiment can signal the start of a bull run. The earlier you buy, the higher your potential selling price. Plan profit-taking with sell limit orders: Banish the fear of missing out on bigger gains by consistently taking profits. Smart investors sell portions of their assets while retaining others for future growth. Leverage sell limit orders to automatically sell your crypto once it hits a predetermined market price, ensuring you lock in profits. HODL and reap the rewards : Holding onto your crypto lets you sidestep Capital Gains Tax, but that doesn't mean your assets can't generate income. Explore passive income opportunities like staking, lending, and providing liquidity — just be cautious when selecting DeFi protocols to prevent triggering unwanted taxable events. Amplify your gains with leveraged trading : While derivatives, margin trading, and leverage can be enticing during a bull market, research and risk assessment are essential. These products can multiply your gains by increasing exposure to the underlying asset, assuming the market moves in the right direction. Use automated crypto tools: With automated trading bots, you can trade more efficiently and capitalize on even minute price swings without having to watch the markets 24/7. Diversify your portfolio: Spreading your investments across various assets reduces risk and presents new opportunities. Analyze performance indicators like previous all-time highs, past performance, and roadmaps to guide your investment choices. Prepare an exit strategy: Even bull markets come to an end. Tailor your exit strategy to ensure you've recouped your initial investment by the end of the bull run and hold a diverse range of assets for future growth.

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Updated

5‌ ‌Best‌ Crypto‌ ‌Scalp‌ing ‌Trading‌ ‌Strategies‌Cryptocurrencies are known for their volatility. While that may put some traders off, it creates many potentially lucrative scalping opportunities for those with significant experience and who can react quickly. In this article, we’ll explore five top crypto scalping strategies and help you learn how to scalp crypto effectively with a simple framework. What Does Scalping Mean in Crypto? As in any other financial market, in cryptocurrency trading, scalping refers to a type of trading where traders aim to profit from short-term market movements. This approach involves entering and exiting trades within minutes, or even seconds, aiming to capitalise on small fluctuations in price. Scalpers typically use high leverage and execute many trades to accumulate small profits over time. The objective is to make seemingly insignificant gains that add up rather than seeking larger, less frequent returns. Scalping is particularly popular in crypto trading, as digital assets are inherently volatile and experience extreme daily price changes. How Easy is Scalping in the Cryptocurrency Market? Compared to longer-term trading styles like swing or position trading, scalping requires more discipline, stronger risk management skills, and a solid understanding of market mechanics. As such, scalping is a more advanced technique and can be considered more complex than other styles. However, through practice, scalping crypto can become easier. What Is the Best Time to Scalp Crypto? While crypto markets are open 24/7, volumes often pick up during regular trading hours for other markets. Generally, the London and New York sessions, particularly their overlaps, are the most active, with plenty of volume and volatility for scalpers to take advantage of. In terms of timeframes, scalping is usually done on the 1, 2, or 3-minute charts. 5-minute and 15-minute charts are often used to help set a directional bias. Pros and Cons of Scalp Trading Cryptocurrency Scalp trading in the cryptocurrency market has its advantages and disadvantages. Let’s examine some of the most notable pros and cons. Pros: - Frequent Opportunities: The volatility of crypto can present more scalping opportunities compared with other assets, boosting the potential profits a scalper can make. - Lower Risk: The frequent in-out nature of scalping means that scalpers have less exposure to adverse market events, like regulatory changes or macroeconomic events. - Psychologically Easier: For some traders, scalping is preferable since it allows them to bank small profits. This can be easier psychologically since there’s no anxious wait to see if a trade hits a longer-term target. Cons: - Risk of Significant Losses: As mentioned, scalping requires discipline. Given the need for high leverage, poor risk management can wipe out a scalper’s account within a few trades if they aren’t strict with their strategy. - Time-Consuming: Scalping requires constant monitoring of the market, which can be both time and energy-consuming. The ongoing need for quick decision-making may also be particularly draining for some traders. High Costs: The fees associated with frequent trading, like spreads and transaction costs, can eat into profits. 5 Cryptocurrency Scalping Strategies Let’s dive into particular strategies. Range Trading Range trading is a popular strategy among crypto scalers. It involves identifying a specific consolidation range that an asset is likely to fluctuate within. Scalpers aim to buy at the lower end of the range (support) and sell at the upper bound (resistance). To get started with range trading, traders first need to identify a ranging market on a low timeframe, like the 1 or 5-minute charts. Then, support and resistance levels near the highs and lows of the range are identified. These levels then serve as entry and exit points, with a trader entering at support looking to exit at resistance and vice versa. Some will look for reversal candlestick patterns, like hammers or shooting stars, at support or resistance, respectively, before entering with a market order. Others will simply set limit orders at their chosen entry point. Stop losses are typically placed beyond the range’s high or low, depending on the direction of trade. Scalpers usually use a 1:1 risk/reward ratio or don’t place stop-loss orders, but the latter is a highly risky approach. Breakout Trading Breakouts occur when a level of support/resistance is broken through, often indicating the start or continuation of a trend. There are several ways you can take advantage of breakouts, but it’s not uncommon for a false breakout to occur. We can use a filter to increase our chances of success. To start, we need to identify a support or resistance level. The easiest way is to look for relatively equal highs or lows forming, like in the chart above. When the level is broken with a strong impulsive move, we can enter on the close of the breakout candle. However, if the move isn’t particularly strong, like at a) and b), then we could wait for a pullback. Traders can place a stop order to enter as the pullback itself breaks out, as marked by the dotted lines. Profits can be taken at an opposing support or resistance level. However, some scalpers may prefer to attempt to ride the trend and trail their stop loss above or below swing points as the move progresses. Similarly, stop losses can be placed above or below the nearest swing points. Chart Patterns Chart patterns can be a powerful tool for scalping, helping traders to identify potential trend continuations and reversals. While there are many different chart patterns out there, it’s best to stick to just one or two to avoid confusion, at least until you master their use. We’ll use rising and falling wedges in this example, as they often lead to strong moves. There are two ways to enter: either on the breakout or on the retest of the broken trendline. As you can see in the example, entering retests might be a more accurate method, but it’ll mean you miss out on some trades. Conversely, entering on the breakout is riskier, as it could just as easily be a false breakout. Your profit target and stop loss will depend on the pattern you’re using. Given that wedges typically prompt a prolonged trend, you could look for significant areas of support/resistance to start taking profits. For a more conservative approach, you might take profit at the most extreme point of the pattern. Likewise, stop losses can be set at the most extreme opposing point. For example, you may set a profit target at the high of a bullish wedge and a stop loss beneath its low. Using the Relative Strength Index and Bollinger Bands Some scalpers rely heavily on technical indicators to help them determine entries and exits. One popular combination is the relative strength index (RSI) and Bollinger Bands. Relative Strength Index (RSI): The RSI measures the strength of price movements and can be used to identify overbought/oversold conditions and divergences. RSI can be particularly valuable for pinpointing short-term reversals. Bollinger Bands: Bollinger Bands help traders identify periods of high or low volatility and potential price reversals using standard deviations. Scalpers often look to short when price reaches the upper band and go long when it touches the lower band. When RSI crosses 70, indicating overbought conditions, or below 30, showing the asset is oversold, traders can look to confirm a reversal entry with Bollinger Bands. If an asset is overbought and crosses above the upper band, a short position can be considered. If the asset is oversold and price breaches the lower band, a long position could be entered. As for exit conditions, some scalpers may prefer to take profits at the midpoint of the Bollinger Bands or the opposing band. Others take profit when RSI crosses above or below 50, depending on the direction of trade. In terms of stop losses, above or below a nearby area of support or resistance is often suitable. Alternatively, you could choose a set distance for each trade. At FXOpen, we offer both of these indicators in our free TickTrader platform. There, you’ll also discover a whole host of additional indicators and tools ready to help you navigate the markets with confidence. Bid-Ask Spread The bid-ask spread refers to the gap between the maximum price a buyer can offer (bid) and the minimum price a seller can accept (ask) for a specific asset. Scalpers can take advantage of the bid-ask spread to generate quick profits. When spreads are wide, traders place buy orders and sell orders simultaneously. They buy at the bid price and sell at the ask price, capturing the spread as profit. This strategy can be particularly effective in less liquid cryptocurrencies where spreads are naturally wider. How to Create a Scalping Crypto Strategy Now, it’s time to create your own scalping trading strategy for crypto! While your strategy will ultimately be unique to you and your preferences, you can try these steps to begin developing a system. 1. Choose a Timeframe: Select a short timeframe that suits your trading style, such as 1-, 3-, or 5-minute, to base your trades on. Try to balance choosing one that allows you to capitalise on short-term movements while giving you enough time to think through your decisions. 2. Identify Support and Resistance Levels: Use trendlines and horizontal levels to pinpoint potential entry and exit points. You can also look for psychological or dynamic levels if desired. Set a rule that you’ll only enter and exit at these levels to avoid impulsive decision-making. 3. Employ Indicators: Use indicators like moving averages, RSI and Bollinger Bands to confirm your entries and exits. You can set specific criteria to help filter out potential losing trades, like only trading a resistance level when RSI is overbought. 4. Develop a Risk Management Plan: Risk management is almost as important as your strategy itself. Use stop-loss orders, limit orders, and proper position sizing to manage potential losses and protect your capital. Set defined loss limits and rules for avoiding emotional decision-making. 5. Test and Refine: Continuously backtest and optimise your strategy using past price action, and make adjustments as needed to improve its performance. It’s a good idea to keep a trading journal to record your trades and analyse your decision-making process. Ready to Put Your Strategy to Work? Of course, these steps aren’t exclusive to the crypto market. While scalping crypto may be preferable for some traders, you can also apply a similar strategy to the forex, commodities, and stock markets – you may just need to adjust it slightly to suit these markets. Once you feel ready to deploy your strategy for real, you can open an FXOpen account to gain access to dozens of tradable assets in our advanced TickTrader platform. Or, if you want to practise before putting capital on the table, we also offer a free demo account that simulates live trading conditions. Happy trading! *At FXOpen UK and FXOpen AU, Cryptocurrency CFDs are only available for trading by those clients categorised as Professional clients under FCA Rules and Professional clients under ASIC Rules, respectively. They are not available for trading by Retail clients. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

BEducation

22 trading rules The market rewards discipline and requires you to fulfill your specific role. For instance, as a tattoo artist, your responsibility is to provide quality tattoo, while as a trader, your task is to exercise discipline in decision-making. If you remain disciplined, any reasonable strategy can yield profits in the long term. However, even the most flawless strategy will fail to generate income if you lack self-control. Here are some guidelines to follow: 1.Maintain discipline consistently. Trading demands unwavering discipline at all times. Save extreme emotions, excitement, and other non-work-related feelings for your personal hours. While working, stay focused and determined, adhering to your plan and experience. 2.Always reduce the risk of failed trades. If you experience a series of unprofitable transactions, decrease the volume or percentage of risk from your deposit, rather than increasing it. Some individuals mistakenly believe that if they have had three consecutive losses, the fourth trade is bound to be profitable and will make up for the previous losses. However, the chances of profit or loss in the fourth trade remain the same. Relying on luck is unnecessary. 3.Avoid turning profitable trades into losing ones. Close positions promptly when you recognize the risk of holding them further. If there are signs of market weakness and continuing to hold the position jeopardizes your profit, either take your existing profit or exit with a small loss. In most cases, you will have the opportunity to find another entry point that is equally good or even better. 4.Ensure that your highest loss does not exceed your highest profit. Keep a record of your trades to determine the mathematical ratio of profit to loss and the ratio of profitable to losing trades. If your losses surpass your profits, you need to optimize your system; otherwise, it may become unprofitable in the long run. 5.Develop a trading system and stick to it. Avoid constantly switching from one system to another. If you decide to become a trader, select a specific approach and commit to it. Over time, you will gain a deep understanding of the system and develop your own market perspective. 6.Be true to yourself; don't try to imitate others. If you find that scalping is not suitable for you, consider intraday or swing trading instead. Just because someone excels at intraday trading while you excel at swing trading doesn't mean you should abandon your preferred style. Each individual has their own trading style, and there is a style that matches every personality. Some traders earn substantial profits by only opening ten trades per year, while others achieve the same level of success by opening ten trades per day. Moreover, someone may be comfortable opening a trade with a large lot size, while you prefer a maximum of one lot. This doesn't imply that you are a poor trader; it simply indicates that everyone has their own comfort zone. Discomfort in trading can only be detrimental. Stay true to yourself and find your own style. 7.Remember that there will always be another day to trade, so don't risk too much. Some beginners risk 20-50% or even more of their deposit, only to find themselves with nothing when a profitable entry point arises. Such risks often shatter one's psychology, and it can be difficult to recover. However, if you make a few mistakes with standard and small risks, you will always have the next day to learn from and correct your errors. 8.Earn the privilege to trade in high volumes. Even if you have tens or hundreds of thousands of dollars in your account, it doesn't mean you should immediately start trading, for example, 10 lots. Begin by trading with the minimum volume allocated for your deposit. Only when you close ten consecutive sessions in profit should you consider increasing the volume. 9.The first conscious loss you encounter is the most valuable. It is during this moment that you understand the significance of stop-loss orders as part of your system. A stop-loss serves as a mechanism to exit a position when the trade is no longer favorable. By recognizing this and reacting appropriately, you are able to protect your account from significant losses. Understand that a stop-loss order is a benefit. See point 15. 10.Avoid relying on hope or prayer. If you catch yourself hoping for a positive outcome in a trade, it likely means that the trade is no longer profitable. Avoid concealing this fact from yourself as a trader. This psychological inclination to hope shields us from emotional distress and difficult decisions. However, as a trader, you must objectively assess the situation. If you realize that you are starting to rely on hope, reevaluate the facts and conduct a thorough analysis of your trade. It may no longer be as favorable as you initially thought. 11.Don't overly concern yourself with news. While trading the news is a separate strategy that may work for some traders, most try to avoid it. If the news is already known in advance, the market will react to it beforehand. However, if the information becomes clear only during the news release, it becomes challenging to trade based on such inputs. News that is widely broadcasted on TV or the internet tends to be outdated information when it comes to the market. 12.Choose a trading style that suits your circumstances. If you have a small account and can only afford short stop-loss levels, you may need to start with scalping or intraday trading. If you possess patience and adequate capital, swing trading could be an option. Long-term trading generally requires significant capital. 13.Embrace your losses. It doesn't mean you have to enjoy losing money. However, during your trading journey, you will inevitably experience losses. If you have a negative mindset towards losses, it will hinder your overall performance. Recognize that by exiting trades promptly and accepting short-term losses, you safeguard your account from larger losses in the long run. Learn to appreciate the importance of managing losses effectively. 14.Avoid setting excessively large stop-loss levels. Doing so will erode your profits from small trades. Consequently, instead of achieving a small profit, you may end up at breakeven or a slight loss, even if your trade initially showed promise. 15.Take consistent actions each day or week. Set a goal to capture a certain number of pips or points daily if you are a scalper or weekly if you trade intraday (the specific numbers provided here are for illustrative purposes and should not be taken as objectively evaluated results). By accumulating small gains over time, you can earn a significant amount by the end of the year. 16.Don't rely on a single trade for salvation. Some traders mistakenly believe that a single trade has the potential to generate substantial profits, recover previous losses, or significantly impact their overall performance. However, trading revolves around a series of transactions. No single trade can dictate your success. Instead, your behavior across ten or twenty trades holds tremendous importance in surviving and thriving in the market. 17.Consistency breeds confidence and control. Starting each morning with the knowledge that following your rules will result in profitable trades instills a sense of assurance. Similar to other traders, begin your day by reviewing the charts you trade and gathering the necessary information—perform top-down analysis, assess points of interest, liquidity, order flow, and more. Maintain this ritual consistently, as repeated actions are essential for earning profits in trading. 18.Master the art of position management. If you find yourself in a trade that is progressing favorably, consider partially closing your position to protect your profits in case the price suddenly reverses. Being flexible in managing your positions can lead to increased profitability and emotional balance in the market. 19.Execute the same trades repeatedly. Focus on specific trade setups that have proven successful for you. Avoid trying to trade multiple patterns simultaneously. Instead, identify two or three formations that work well for you and trade them consistently. Become an expert in those setups and execute them confidently and precisely. Avoid spreading yourself too thin. 20.Avoid excessive doubt and overanalysis. During the execution of a trade, trust your analysis and decision-making process. Doubts and unnecessary analysis during a trade can lead to detrimental outcomes. Overthinking can consume you and make it challenging to differentiate between the right and wrong decisions. Leave fluctuations and excessive analysis to the market. Conduct trade analysis before or after trades, not during them. 21.In the eyes of the market, all trades are equal. At the start of each trading day, everyone is on an equal footing. You haven't made any profits or losses yet. Your earnings depend solely on your actions. If you adhere to discipline and follow your predetermined rules, you will generate profits. 22.The market is an impartial judge of your trades. The market doesn't play favorites; it remains indifferent to your presence. Respect the market's authority and refrain from attempting to defy it. Engaging in a battle against the market is akin to fighting your reflection in a mirror. Instead, focus on understanding and following the market's rules. • Look at my ideas about interesting altcoins in the related section down below ↓ • For more ideas please hit "Like" and "Follow"!

Education

by Crypto4light

SURPRISING SCIENTIFIC FACT ABOUT TRADING BINANCE:BTCUSD 1. Three-quarters of dealers rated themselves above average, which is consistent with results from other psychological studies of overconfidence. Statistically, only 50% should have rated themselves as above average without the effect of overconfidence. 2. Dealers also overestimate their professional success, an effect known as the “better-than-average-effect”. 3. Trading experience eliminates the reluctance to realize losses. 4. Individual investors who think that their investment skills or past performance are above trade more frequently. 5. By examining over 400 traders with trading experience over 12 years at a bank, currency dealers show two types of overconfidence. They tend to overestimate the precision of their information and their personal competence. 6. The most senior traders are no less overconfident than their more junior colleagues. 7. In theory, irrational traders will be driven out of asset markets by trading losses. However, the examination of 400 experienced traders indicates that overconfident currency traders are not driven out of the market despite losses. 8. Overconfidence among foreign exchange dealers could affect equilibrium exchange rates. 9. Chinese investors make trading mistakes (selling winners and hold on to losers), they are reluctant to realize their losses, they tend to be under-diversified, they seem to trade often and they show a representativeness bias. 10. Middle-aged investors, active investors, wealthier investors, experienced investors and those living in urban cities are often unable to overcome behavioral biases. 11. Investors who were successful before trading online believed that their successes are due to their own investment abilities and become overconfident. Once individuals start trading online, investors have access to vast amount of data which can lead to the illusion of knowledge. Furthermore, managing their own trades by the click of a mouse leads to the illusion of control. All of these factors lead to increased overconfidence. 12. The response of exchange rates to stop-loss orders is larger, and lasts longer, than the response to take-profit orders. 13. Stop-loss orders are sometimes triggered in waves. 14. The reversal frequency at round numbers is greater than the reversal frequency at arbitrary price levels in 79% of examined 10 day periods. 15. Exchange rates trend faster after crossing round numbers which suggest that stop-loss orders propagate trends. 16. Large stop-loss orders are tightly clustered near rates ending in 00. In contrast, very large take-profit orders are not clustered. 17. Adding technical analysis, like moving averages to investment rules, can outperform other trading strategies. 18. Significant excess returns are possible using technical analysis in foreign exchange markets. 19. Technical trading rules exist for NASDAQ Composite and Russell 2000 but not for DJIA and S&P 500. Rules of technical analysis even generate significant profits and improve unprofitable trading rules. 20. Technical trading profits have gradually declined over time in 12 futures markets. 21. Stock prices temporarily rise following widely talked about events before reversing to pre-event levels over the next five days. On average, individuals lose 0.88% when prices reverse. 10 22. Attention-grabbing events lead active individual investors to be net buyers of stocks. 23. Individual investors who currently hold a company’s share, sell as prices increase during upper price limit events. 24. Individual investors are more likely to trade an S&P 500 index stock after an earnings announcement if that announcement was covered in the investor’s local newspaper. 25. The presence or absence of local media coverage is strongly related to the probability and magnitude of local trading. ❤️ Please, support my work with follow ,share and like, thank you! ❤️

Education

QML pattern Quasimodo | SMART MONEY CONCEPT Hello all. Today we will talk about the reversal pattern "Quasimodo" or QML. Schematically it looks like this: The price moves in the trend, in POI the structure breaks and after that, the price can not update the previous HH and the downward movement continues (consider a schematic example). In this example, after the breakdown of the structure, the price reverses to soften and remove internal liquidity, after which a reversal occurs. This is done in order to close a losing position at the expense of those who put their stop losses behind the maximum of the substructure. There are many names for this pattern, such as three tap setup, but I'm more accustomed to calling it quasimodo. If you like, it's a reworked version of the "head and shoulders" pattern, but in this case you're focusing on the price action instead of the picture. Criteria for QML formation 1. Use it in HTF POI 2. Watch HTF POI 3.Watch the price action. 4. Premium or Discount zone To use the pattern effectively, you must analyze the chart of all TFs. And use the pattern as an entry model. For example, the daily TF is bearish. The price is in the premium zone, as well as on the H1 TF began an uptrend, a full of bullish trend in the lower TF, after which we see that the substructure (red) has changed from a rising to a descending. And thus, we expect a continuation of the downtrend. Important Don't use this pattern in terms of "drawing". They can draw anything on the chart. I recommend to look for POI in POI of higher TFs. An additional factor could be substructure fluctuations before FWG or OB. You need to see how the price behaves after their update. Where to put a stop loss The first option is a stop-loss for a local FVG/OB The second - above swing high of substrucutre Third - above the HTF point of interest, if your RR allows it EXAMPLE After updating the all-time high, the daily structure was broken. Then price consolidated, it was worth waiting for the manipulation. It was possible to enter from HTF POI - aggressive entry, but it was possible to wait for confirmation on the LTF (as I do). I'm expect bullish OF on 4H chart to HTF POI (2D ob) This "entry into position" is shown as an example, so that you can form an understanding of how to act in this or that situation. In conclusion, the more factors you take into account in your analysis, the higher the probability of working out of the pattern. Also, it's up to you to choose what kind of stop loss you will use. There is no right and wrong, everything depends on your strategy and money management. The position was opened after the second liquidity raid in the premium market. I hope it was helpful to you. Thank you for your attention

Education

by Patronofbargain

Advantages and Disadvantages of Crypto Currency. Hello dear traders, Here are some educational chart patterns you must know in 2022 and 2023. I hope you find this information educational and informative. We are new here so we ask you to support our views with your likes and comments, Feel free to ask any questions in the comments, and we'll try to answer them all, folks. advantages and Disadvantages of Crypto Currency trading Advantages of Spot Trading:- Spot trading has several advantages over other types of trading, such as margin trading or futures trading. There are several advantages to spot trading: - It is much simpler and easier to understand, making it the best way to get started in the cryptocurrency market. It will give you a good understanding of how the market works and how to trade cryptocurrencies. - There is no need to worry about complex contract terms or managing leverage. - Spot trading provides exposure to the underlying asset rather than just a derivative. This means that you can benefit from changes in the asset price rather than just the direction of price movement. - You can take advantage of market opportunities as they arise rather than waiting for a contract to expire. - Spot trading is suitable for both short-term and long-term strategies. Disadvantages of Spot Trading:- While this may seem like a quick and easy way to make money, there are several disadvantages to this method that you should be aware of before getting started. - One of the biggest disadvantages of spot trading is the volatility of the cryptocurrency markets. Prices can fluctuate wildly from one day to the next, making it difficult to predict when to buy or sell. This can lead to losses if you're not careful. - Another downside of spot trading is that you have no leverage. This means that you can only trade with the amount of money you have in your account. You can't borrow money from a broker as you can in traditional markets. - Spot trading also comes with various fees, including exchange fees, deposit fees, and withdrawal fees. These can add up over time and eat into your profits. - Not all exchanges offer spot trading for every cryptocurrency. This means that you may be unable to find a buyer or seller for the coin you want to trade. Trade with care. If you like our content, please feel free to support our page with a like, comment Hit the like button if you like it and share your charts in the comments section. Thank you.

Education

by CryptoSanders9563

Updated

Trading Pivot Points with an "incomplete" Parallel Channel UNIUSD. When this pattern forms, expect price to drop. In this example, expect UNISWAP To Drop 391 units. Entry at 5.336; Exit at 4.945.

Education

XLM/BTC Position Trading. Zones. Money management. Psychology Logarithm. Time interval—1 month. The main trend since the beginning of trading. Coin in coinmarketcap: Stellar. Top trading pairs to bitcoin have significant liquidity. In position trading, you need to work in portions from support/resistance level zones with a predetermined size distribution. Unlike pairs to the dollar, pumps/dumps are smaller in % ratio due to the % rise/fall of bitcoin itself. If bitcoin is cashed in the market, profits remain the same. Hence, the smaller % is illusory in nature. BTC instead of stabelcoins . In such pairs, the “money” is bitcoin. Consequently, even premature selling (there shouldn't be any, since the position is allocated in advance) forgives mistakes, since you get bitcoins instead of USD or stabelcoins. Currently, many stabelcoins are losing their $1 peg, meaning they are devalued. Trading in a bitcoin pair reduces that risk. Work on such pairs is suitable foremost for medium and large participants of the market. It is not rational to work with a small amount in such a time/profit perspective. Money (crypto assets) security Money management. This is key. You don't need to hold a large position on the exchange for this kind of trading! Why keep coins or stabelcoins on exchange if you make transactions quite rarely, only large movements. You understand beforehand when it will happen and in what price zone you are going to buy/sell. That's what all the big market participants who don't take part in price formation do. When you need to buy or sell, you transfer the assets to the exchange and sell or buy on the market. You withdraw right away. If the amount is large enough, you should do this procedure in installments, preferably on several exchanges. At one time I worked for a long time (several years) on DOGE/BTC pair, when this coin was (scam, joke coin) nobody was interested in it, unlike the current time of hype. There is a trading idea of the principle of this work in Russian 2019. In this work, you work only in the secondary trend, from the main support/resistance zones, considering the development of the trend. You absolutely do not need to be interested in crypto news, the opinion of the majority and so on. You can look at the chart even once every few months. What's more, you also don't need to know the future highs and lows of the next cycle (though for traders, they are easily identifiable). You work piecemeal from the zones. You know in advance where and by how much you buy or sell. Locally you can trade 20-30% of your coins, so you will have extra profit. But you don't have to. The price goes down — good for you. The price goes up — good for you. Trading is guessing market probabilities of price movements. Algorithmic thinking according to a trading strategy, devoid of any emotion, makes money. Anything else loses it in any market. In other words, you must initially be prepared for more likely (in your opinion) and less likely outcomes. Know under what conditions you buy and under what conditions you sell. Buying/selling in portions of coins according to predetermined zones. You work from the average recruitment price and from the average selling price in portions, similar to how large market participants work on the BTC/USD pair. You never go completely into cache or similarly into coins. Only the % ratio of coins to money changes depending on the market cycle. Work from the average buy/sell price (of money and coins) on a global scale (large time frame), without any "what if this time will be different". If it does, it's none of your business. Know in advance where you will buy more in case of drawdown, and where you will sell in case of pumping. Again, without the "It could be different this time" and emotional component. Sell and buy assets a little bit before everyone else in the market in installments, "not knowing the exact future," even if you think you know it. This will keep you from making mistakes. Coin trading in the local trend. By trading part of a position locally, you will always have money from profits to buy (averaging the main position) in case of so-called local "black swans". This work is not mandatory, but desirable. It helps some people a lot psychologically, especially if the initial entry into the asset was erroneous and the price dropped significantly. By increasing the number of coins of local work, you thereby reduce your previous losses or even come out in profit over time. Again, you don't have to work this way, but it is advisable. The smaller goals you set, the more you end up earning on the distance . An untouchable supply of coins and cache in case of market force of circumstances . Always keep in mind the possibility of a “black swan,” even if it seems impossible. You always have 20-30% of your position depending on the cycle (money/coins) in case of force of circumstances. Bearish—a “black swan” sell-off under the channel support zone (happens very rarely). Bullish—the final hammer madness over the channel resistance (happens very rarely just in pairs with bitcoin because in a bull cycle bitcoin grows 5-8 times on average). Remember that in the accumulation phase in most cases there is a residual price zone of capitulation, super fear. It is usually accompanied by a “black swan. When everyone gets rid of their assets out of fear. You, on the contrary, buy with a grid of orders with a large range, without emotion. Consequently, always have a pre-allocated cache (or from the profits of a local trade) if such a trading situation is realized in the market. Turn someone else's negative emotions into your own profits. You should always act according to your trading plan and be ready for any market situation, even an extremely unlikely one. bull market highs zone (channel resistance). At the peak of the market, you should already have more than 60-70% in bitcoin (cache) for the next market cycle. 10-20% of the rest of the position should be in a stop loss to protect profits. This is more rational if the last spurt occurs. Coins sold for bitcoin can be held in bitcoin in a cold wallet (not rational if the overall market trend has reversed). You can also similarly sell on the market for cash (be sure to withdraw from the exchange), or put a stop-loss to protect profits, in case the market makes another spurt (additional profit on the BTC/USD pair). Always sell when the price rises significantly (pumping). Protect your profits with a stop. Always sell a substantial portion of your coins with a grid of pending orders during an active pumping phase. Another option is not to sell, but to protect your profits with a stop loss. Bear market minima. (lower channel zone). In a bear market, the lower the price falls, the more market participants wait even lower. Everything is similar to the distribution, only mirrored in the opposite direction. This illogical inadequacy of people is especially noticeable at the "peak of fear." Before that super minimum (there may not be one), you need to gain most of the coin position in advance, but be prepared for anything... Again, you must know in advance where and for what % of the allocated amount you buy coins and under what conditions. There must be discipline in everything and determine in advance what your further actions will be in accordance with your trading algorithm, rather than an emotional component. Always have a certain percentage of money that is comfortable for you in any dominant trend and phase of the market. Bull Market . In a bull phase, you should accumulate a large percentage of cache (stabelcoins) at the expense of profits. Bear market . In the bear phase (altcoins from -90% and below) you should accumulate in portions of cryptocurrencies you are interested in. I'm sure most people have it the other way around. In a bullish phase, most collect promising cryptocurrencies bought near price highs (hype, everything goes up in value). In the bear phase, on the contrary, most market participants load most of their trading depots into staplecoins (fear, everything is falling in price, expectation of inadequate floor prices). They are driven by the desire to buy back the lowest price of the trend, right before the reversal. The lower the market falls, the more most go from fear to stablcoins. Trade market cycles, not individual cryptocurrencies. Because their price strictly follows market cycles, but not the other way around. Options for the development of price movement on the pair XLM/BTC. . I will show the percentages of the following 3 zones of this channel, depending on where and under what conditions the reversal of this secondary trend will occur (a downward wedge is formed). 1 variant of reversal. Candlestick chart. Butterfly formation, the wedge is not embodied. 1 reversal variant. Line chart. 2 reversal variant. Candlestick chart. Version 2 of reversal. Line chart. 3 reversal variant. Candlestick chart. Full formation of the descending wedge on the classic TA. 3 reversal variant. Line chart. Be aware of trends and accumulation/distribution zones . Remember that a bear market, like a bull market, will not last forever. Where there is supposedly an end, there is always a new beginning. Everything is subject to cycles. This is especially true of financial markets. Every cycle is the same to the point of triviality. Be guided by trends, that is, by accumulation/distribution zones, when they start and end. Bitcoin⁣ — as more than a decade of cycle history shows, this is from -70-82% of the secondary trend high. This does not mean that the subsequent cycle will have the same percentage trend value, but there is a possibility. Alts average -90-96% and lower depending on the liquidity of the crypto coin. The lower the liquidity (people involvement), the higher the risk. You should also understand that the lower the liquidity, the higher the slippage at “peak fear” can be. Many altcoins, especially those with low liquidity, do not survive to the next cycle. Also be aware of market capitulation shocks as a consequence of so-called “black swans.” It won't necessarily happen, but the possibility always exists. The price of something that is worthless can be turned into absolutely anything on the market, to the point of inadequacy. It's not a real commodity whose value people understand. Psychology. Indicators of distribution/accumulation zones in cycles. Allocation zones ⁣—resetting to “hamsters” (fools or inexperienced market participants) is expensive. In a bull market, the higher the price rises, the higher the expectations. Up to inadequacy in the last reset zone in the distribution. “Hamsters” buy very expensive “promising coins” near trending price highs (marketing, information noise) and wait even higher. Accumulation Zones⁣ — Large market participants buy on the cheap from “hamsters”, constantly scaring them with various bikes and imitations. There is a massive build-up of negative news. Hamsters sell cheap and wait for an even lower price. No matter how low the price is, it cannot satisfy people like them. In other words, their thinking is sharpened to the opposite. Projecting onto trade what they are in life. Anything to do with money reinforces this effect. Buy expensive, sell cheap. Don't inherit this tendency of those who lose money in the market. As a rule, most people don't buy at flea markets; they are afraid. They wait for those who should be selling to them to say, "Fools, it's time to buy in the very expensive.") What matters is how much you earn when you're right, and how much you lose when you're wrong. You should know these potential values initially before you make a deal. If you can't determine them, or the risk is too high — refrain from trading. Immunity to guessing lows and highs . Most fools do this in all cycles. Forget the hamster concept of selling at the peak or buying at the low. Leave it to those who are destitute and will be even poorer because of it. Again, it's all in the head. What a person is like in reality is what a person is like in trading. Kill your greed. For example, in all bitcoin cycles (I have my third), the so-called hamsters (fuel) and pseudo traders (fuel) always want to guess the highs and lows of the price. The question is, why do we need to do this? The answer lies in the thinking of the poor and lack of understanding of simple logical things. The ability to wait for your goals. Be patient. Cycles, both local and global, tend to recur with their own time interval, which cannot be identical to the previous one. Consequently, only the patient earns. Learn to be out of the market, In areas of uncertainty, if the market doesn't let you make money, why burn time in vain? This time can be used with benefit both for yourself and for others. Take a rest, read an interesting book, go somewhere, do something useful. The main thing is not to immerse yourself on the Internet. It is important how much you earn when you are right and how much you lose when you are wrong. Initially, before entering a trade, you should know these potential values. If you can't determine them, or the risk is too high, then refrain from trading. Treat the numbers on the screen as numbers, not as money. No equation with the value of "what you can buy with that amount of money on the screen." That is, you have to identify with the percentage of profit/loss, not the money — the amount of profit/loss. When -5% to $100 is $5, and you are not afraid of such a loss. But, for example, when your balance is over $10 million, then -5% would be $0.5 million. For a fat hamster, that's a tragedy. For a big trader, it is a calculated risk. The drawdown can be much more significant, but the risk is always considered and accepted in advance. In the end, the profit more than compensates for such a drawdown. I think you understand the logic. It allows you to understand whether you are ready to work with large sums or not. I purposely wrote a large amount as an example to provide a clear contrast because everyone is ready to lose temporarily, namely temporarily $5? But $500,000 is an unimaginable amount for most people. But to be ready to work with big sums, you need that discipline and attitude towards money at the very beginning of your hobby of trading. Everyone wants to work with large sums in the future when they trade, or am I wrong? As a rule, most market participants cannot overcome this barrier because of their "lust for money" and identification: the numbers on the screen are real money, not just profit/loss % figures. A trader's behavior in the market is a result of his thinking. Your way of thinking affects your habits, and your habits are what makes or loses money in the market. Margin is bad . The exception (not necessarily) is an adequate short position with minimum leverage and risk limitation. If you want to steadily earn in the market and never get nervous - don't use margin at all. Absolutely never. As a rule, the poor use margin, and the poorer they are, the higher the leverage. Perhaps that is the secret of their poverty. I'm not talking about margin in the first place, I'm talking about the mindset that generates higher margin leverage, driving the risk/profit ratio to idiocy, but that's the way it is. Exchanges don't like those who make money and adore those who might lose money trying to get rich. Margin trading with leverage is only for experienced traders. It should be taboo for novice traders. Diversification of storage and trading places . This is very relevant to position trading. I wrote about it above. Don't trade or store your coins in one place. "Russian or South Korean hackers attacked a top exchange, all cryptocurrency stolen." This is sarcasm, but this is exactly the kind of FUD for fools you will see when they just steal cryptocurrency from exchanges under the guise of such a tale. The made-up story doesn't matter, what matters is that the people behind the cryptocurrency exchanges will steal cryptocurrency from you, wearing the skin of an injured sheep). The safety of your money (including cryptocurrencies) depends only on you, not on chance. Anything that seems random is not. If you always rely on chance instead of your mind, you are doomed. The will of chance will shadow you and haunt and empty your pocket time after time. You will always be at the forefront of the victims of your carelessness and self-confidence. Always keep some of your positions in cold storage . Keep some of your positions, even if you are very actively trading, on a cold or hardware wallet (preferably several). It should be at least 30% of your total deposit. This percentage should vary during certain phases of the market. In accumulation zones, most of the position should be out of the exchanges. Diversification of stubblecoins (profits) and their blockchain storage. Very relevant because in the future, one liquid stabelcoin like UST (Luna) will be zeroed out (disposal of money on a large scale). Probably, many people have understood this for a long time, but do not believe it will be implemented. Not only that, but most altcoins will evaporate at the moment. Yes, the probability, as always, is no greater. But if that probability is there, it is rational to take steps to make sure it doesn't hurt you. Diversification as well as swift action during an event is the best defense against something like this. Stable coins are always a risk. Keep this diversification in mind, both by their own varieties and by blockchain if you are storing them on a hardware wallet. Unfortunately, this is a risk you will have to accept and live with, as using stablcoins is a component of trading. Diversify such assets not only when you are out of the market waiting to trade, but even when you are actively trading. That is, by using different stabelcoins when trading the same cryptocurrency (e.g., BTC) you reduce risk. For example, BTC/USDC, BTC /USDT or BTC/BUSD. Any stabelcoin is an altcoin whose value (stability) is based only on people's belief in its stability . Totally uninterested in the opinion of the crowd . The crowd is always wrong. The majority always loses in the market. Otherwise, it would be impossible to make money in the market. Therefore, by being interested in and listening to the trend of the opinions of most market participants, you can unnoticeably lean towards the opinion and understanding of those who initially have to lose. Are you prepared for losses? No? Then why should you be? Another option is to use the opinion of most market participants to track market trends. If you are well-versed in psychology, this will be helpful. If not, you yourself may fall prey to opinions unnoticed. Everything unpredictable is the fate of only absolutely predictable people, it always was, is and will be . Don't be interested in cryptocurrency news. The chart takes everything into account, including the release of "tales for fools." All crypto news is created for price direction and nothing more. Small-scale news for influencing fools (their logical scare/satisfaction actions) to locally influence the price. Large scale news and events to globally influence the trend and the market as a whole. If you can understand and read between the lines, understanding what the manipulator is trying to achieve, then you can use the news background in your trading strategy. If not, and you are not a good psychologist - completely ignore the flow of information. The positive and negative emotions of others in the market generate volatility, which is your earning wave. Ride it. Don't mess with anonymous fools. Appreciate your time. Don't pay attention if someone criticizes you without being constructive, or wants to impose their perspective without arguments of rightness. Such commenters are usually people with a very low social status in reality, they are trying to assert themselves through the internet in an anonymous world. Be immune to such losers, they are the ones who want you to doubt yourself and accept their perspective. The more bile, the more anonymous cries from. Understand that only such people have time to correspond and “spout bile” on the anonymous internet. As a rule, these are immature individuals or conventionally "mature," but with the mindset and interests of a teenager. Don't waste your time on the vacuous or psychological aberrations of flawed Internet characters. Make good use of your time. The behavior of people in financial markets is a projection of who they are in real life. That is, their positive and negative psychological qualities. Don't be a trading junkie. Don't waste time. Don't waste time. Both for meaningless Internet price guessing, and for round-the-clock trading. Mindless guesses. The idiocy of the crowd. Trying to guess highs or lows that are logically understandable. When all scenarios are clear and understandable. Do not turn into idiots from the "where the price of bitcoin will go" sect. Everything is always the same in every cycle. You must decide for yourself initially (after spending several hours) on what conditions and prices you will buy this or that cryptocurrency and at what prices to sell. Have a more likely and less likely scenario. Be ready for any incarnation. Do not complicate simple logical things with the stupidity of fortune-tellers mixed with your greed. The basis of trading is your trading strategy , that is, your knowledge that you put into practice in symbiosis with risk management , that is, your manner of taking on take risks in transactions and manage money. To paraphrase, initially you need to understand how much you will earn when you are right, and how much you will lose (hit stop or averaging if a less likely scenario is realized) when you are wrong. In such cases, it is absolutely not necessary to know the exact price of the low or high of the trend, leave that to the idiots. Trading 24/7. I will write short and clear. Money without life is not needed. In everything there must be adequacy. Knowing the instinctively more likely behavior of people (the psychology of mass behavior) in a given situation, as well as programming people's behavior (what is right / wrong, how to act in a given situation according to the rules) and creating the same situations, allows easy to manage "potentially uncontrollable behavioral chaos". Psychology. Be yourself - don't go against yourself. For traders Work with your trading algorithms based on your knowledge and experience, not on emotions. For those who are faced with the fact that trading constantly "hit the head" . Become an investor. Carefully study the cryptocurrencies you are interested in and decide whether to invest in them or not. Divide the money needed to invest in each cryptocurrency into several parts. Buy in areas of potential price reversal. After purchase, send your coins to a hardware wallet. Stay away from your cryptocurrencies until the new bull cycle (peak will be in 2025). Also, before the big bull cycle, there will be an intermediate one by a relatively small percentage, as in 2019-2020. Don't forget to sell some of the coins to buy them back much cheaper. It is also worth paying attention to those cryptocurrencies that are included (blockchains and protocols) in the development of CBDC and comply with the future ISO 20022 standard (already in March). XLM is one of them.

Education

How to pick the best Cryptos ??? 😎JS-TechTrading Masterclass How to pick the Best Cryptos?? The trend is your friend. This is a very old but true quote. Why is that? • The vast majority of big winning cryptos and other securities made the largest portion of their gain in a Stage 2 uptrend • Evidence that institutions are buying • Increase probability of success • Know what to expect under specific conditions – point of reference Your goal is not to buy at the lowest price – It’s to buy at the right price! Every crypto and other security go through the same maturation cycle - it starts at stage 1 and ends at stage 4 as shown in the chart. Stage One – Neglect Phase – Consolidation Stage Two – Advancing Phase – Accumulation Stage Three – Topping Phase – Distribution Stage Four – Declining Phase – Capitulation Our JS-TechTrading strategy focuses on identifying cryptos and other securities in stage 2 uptrends for our LONG-strategies, and stage 4 downtrends for our SHORT-strategies. By doing that, we create an edge over long-term investors and less proficient traders. By focusing on cryptos and other securities in a stage 2 uptrend (LONG-strategies), and focusing on cryptos and other securities in a stage 4 downtrend (SHORT-strategies) we avoid losing money or breaking even over a long period of time and we are fully invested when cryptos and other securities are in a confirmed up-/downtrend so that we can accumulate money within the shortest period of time. Example Bitcoin: But how can we use technical chart analysis can be used to identify cryptos and other securities in a stage 2 uptrend, and in a stage 4 downtrend? 🍾🍾 3x US investment champion Mark Minervini 🍾🍾 developed the so-called Trend-Template which can be used to screen for cryptos and other securities in confirmed up- and downtrends. TradingView provides all of the relevant tools to automate this screening process. ✌️✌️ The following section summarizes the technical characteristics which must be met so that a stage 2 uptrend for a stock can be confirmed: Trend-Template to confirm a STAGE 2 Uptrend 1. Stock price is above both the 150-day (30-week) and the 200-day (40-week) moving average price lines. 2. The 150-day moving average is above the 200-day moving average. 3. The 200-day moving average line is trending up for at least 1-month (preferably 4-5 months minimum). 4. The 50-day (10-week moving average) is above both the 150-day and the 200-day moving averages. 5. The current stock price is at least 25% above its 52-week low. (Many of the best selections will be 100%, 300% or even greater above their 52-week low before they emerge from a sound consolidation period and mount a large-scale advance). 6. The current stock price is within at least 25% of its 52-week high (the closer to a new high the better). 7. Current price is trading above the 50-day moving average (exception “Low Cheat” setups Trend-Template to confirm a STAGE 4 Downtrend The same logic applies here: 1. Stock price is below both the 150-day (30-week) and the 200-day (40-week) moving average price lines. 2. The 150-day moving average is below the 200-day moving average. 3. The 200-day moving average line is trending down for at least 1-month (preferably 4-5 months minimum). 4. The 50-day (10-week moving average) is below both the 150-day and the 200-day moving averages. 5. The current stock price is at least 25% below its 52-week high. 6. The current stock price is within at least 25% of its 52-week low (the closer to a new low the better). 7. Current price is trading below the 50-day moving average. We at JS-TechTrading only consider cryptos and other securities for our watchlists which are meeting all characteristics of Minervini's trend-template. This screening process in itself provides us with a significant competitive edge versus most other traders are doing. In the next tutorials, I will explain how automated trading robots can be applied to cryptos and other securities on our watchlists.

Education

by JS_TechTrading

BTCUSD two possible scenario Hi, Bitcoin can follow one of this path. Please let me know your view..regards. If you want to learn Market Structure advance strategy which is even more important than price action then do drop a message. Regards.

Education

Trading the Crypto Volatility 🏄💹 FXPROFESSOR'S Tips 👨🏻‍🏫Hi everyone, I miss you more than you miss me. I will be back posting 5 and 10 times a day very soon. Life has been hectic but many GREAT things coming up next. Keep your eyes open for them, Professor is coming up with Major upgrades and perks. VOLATILITY: The higher the volatility, the riskier the security. Volatility is often measured from either the standard deviation or variance between returns from that same security or market index. Many will tell you Not to trade it. (especially brokers and exchanges...because it's probably the best chance you have to make some money...lol) Professor says : 'YOU WANT TO TRADE IT!'' In this video I share with you some of my Tips and How 'I do'. Remember: Funds you can afford to lose means no fear. A plan will give you better chances to succeed. Let me know if you like this video and your comments are always welcomed. One Love, The FXPROFESSOR Listening to this song today to Pump my mood higher, waiting for the Trading battle to commence. Remember to have some fun, trading is first of all pure entertainment. 🥊😺 Let's punch the markets , Boys and Girls

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