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Tips for beginners on how not to make mistakes when trading Hello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅ Guys, today I want to share with you information from one interesting blog, for the last 3 weeks the market has not shown us strong volatility and we have to watch almost the same price range, I'm talking about the main cryptocurrency, Bitcoin. So I decided to share this information for beginners in order not to make mistakes that can be so easily avoided in the future. Let's start with you in order: What is Consolidation or Flat? Consolidation is the state of the market when it is sandwiched between support and resistance. This state means that a certain state of balance has arisen in the market between sellers or buyers, that is, demand has balanced supply. In other words, the market is in a state of accumulation or distribution. According to statistics, about 80% of the time the markets are in a flat state, so trading in a sideways range will always be profitable for traders. For consolidation to become apparent, the price must touch the support and resistance levels at least twice. I think that it is clear here, this is a classic of technical analysis, trading from levels in FLAT. Example below: And so let's continue: Consolidations can expand and contract. An expanding consolidation occurs when the price makes a false break and moves back into a range, thereby expanding the space between support and resistance. Selling at resistance will force you to hit a stop as price breaks the current resistance level to then move back into the range. Example below: A shrinking consolidation occurs when the market enters a period of low volatility, for example due to an impending news release. During periods of narrow consolidation, it is better to refrain from entering the market and making deals. But during periods of broad consolidation, you can trade from its borders. This will give us a good risk to reward potential. However, you should always remember that sooner or later the price will go beyond the range, a true breakdown of the level will occur, and the market will move into a trend phase. The longer the market is in a flat, the more force the trend will follow after the price breaks out of the range. Any calm in the cryptocurrency market is replaced by explosive, and vice versa. We got acquainted with the theory and I think there is nothing complicated, you can see all the examples on the graphs above. Let's move on to the most important thing now: Flat is a killer of deposits, why? We have all heard or read on various forums that flat is the killer of deposits of trend traders. Actually, it is. If your trading system is showing outstanding results in a trending market, then as soon as the sideways movement begins, you can say goodbye to all the profits. Let's take a look at the place. The thing is that trend methods will give you signals to enter the market near support and resistance levels, and as soon as you open a buy deal, the price crashes into the level in just a couple of points, and after that a reversal begins. On average, the trading system will give 4 false signals, which will completely block the profits received when trading with the trend. Therefore, if you learn to identify a flat in the early stages of its formation, then the damage caused by it will be minimized, or even better, you will be able to use this state of the market to your advantage. How to define a flat? In order to correctly learn how to determine a flat, we must remember what it looks like. A sideways movement is a movement between two highs and lows, perhaps this will be enough. Let's look at the chart, try to identify any price fluctuation between the latest highs and lows. Shown below is an example: Red circles mark the first minimum and maximum. As we can see, the subsequent price movement is within the range of boundaries we have drawn. Next, we can see how the price breaks the lower level and a strong downward movement begins, but it is worth noting that the price made about 7 bounces from the levels before that, which we could use for profit. How to trade in the side market? The best strategy for trading sideways markets is the false breakout. It usually gives a powerful impetus for the price to move in the opposite direction. Market makers always collect stop losses of traders at levels to gain liquidity and then move in the opposite direction. This should always be taken into account when trading false breakouts. You can set take profit and exit the trade on the other side of the trading range. I often mention this in my signals that MM collects stops and turns the asset in the other direction, this happens most often on strong
Education
by DanilBlinkov
My thoughts on bitcoin, when will the real volatility be?Hello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅ 📌What will happen to the market next, what are your thoughts? Guys, let's look at the chart from the local side for now, we will deal with it globally later, first we need to find the true bottom. I think that the most interesting thing lies ahead of us. Now let's pay attention to the chart: nothing super global has been happening for the third week already, the boring FLAT continues, I think that the market maker simply puts strong pressure on major players, i.e. makes them capitulate from the market, if you can call it that. I don't know how long this will last, but I think that the denouement is near. On the technical side, it was expected to see a hike above $17,000. I spoke about this earlier. We can say that they removed the stops, took out large shoulders, and again the price goes into its usual range, locally showed the plan on the chart (16,600-16,800), but I do not exclude that the price will be able to return above $17,000 from the current values. So far, I'm just observing and I can't give a clear specifics.
BINANCE:BTCUSD.PShort
by DanilBlinkov
Bitcoin is holding an important level to go higher.Hello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅ Since the last TA, nothing has changed, we again saw a slight volatility from the FOMC to the $17,400 zone At the moment, bitcoin is holding on to the $17,000-16,800 zone, which is actually good that the buyer has not failed this zone and there is a chance to see a test of the $17,600-18,000 range. For now, I think there will be a correction below $16,500 And after that they will start to endure. The boring Flat continues and there is nothing more to add from the side of TA, but I don’t see any reason to write about the rest of FUD, I myself am temporarily out of position, I’m waiting for a slight correction down to $16,500-16,150 from there I will again gain a position in LONG.
BINANCE:BTCUSD.PShort
by DanilBlinkov
ETHUSDT | Breakdown of local resistance.Hello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅ Previously, he singled out the level of $1220-1225 as a strong local resistance. The asset was able to break through higher. The level of $1275-1300 is also a strong local resistance, from where you can try to open a small SHORT with a short stop order, showed an approximate entry point on the chart ($1275-1300) I expect to see a slight correction in bitcoin, due to this I can spill ETH in the range of $1220-1200
Short
by DanilBlinkov
BTCUSDT | What to expect from bitcoin, what will December?Hello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅ From the technical side: Earlier on the chart, I highlighted the gray zone as a strong local resistance, the asset managed to break above $16,800 and is trying to gain a foothold in this range. If the buyer can keep the $17,000 zone, then everything is unchanged, I expect a hike to $17,600-18,000 from these zones and I will consider a deal in SHORT. From the fundamental side: On yesterday's data from the FOMC, as expected, we saw a slight volatility, the head of the Fed, J. Powell, spoke positively about a possible slowdown in the key rate hike, that is, the Fed could cut the rate to 0.5 bp already at the December meeting, which is positive for risk assets. But also J. Powell pointed out that further rate increases would be appropriate to reduce inflation, in 2023 we expect an increase of 1-1.25% immediately Let's hope that December will be green and MM and J. Powell will give us a gift for the new year Bitcoin above $20,000 by the end of this year
BINANCE:BTCUSD.PLong
by DanilBlinkov
BTCUSDT | The resistance range is narrowing!Hello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅ Weekends, as always, pass without sudden movements, there are no volumes as such. Speaking from the technical side: The local strong resistance is still the level of $16,800-17,000 here without any changes. Support level $16,450-16,000 there is a possibility that at the beginning of the new week we will again see a descent below the support, by about $16,200-16,350 So far, we are trading in this narrow range, the market is still boring and we need to wait for the opening of next week, I think it will be hot. My position is still LONG, I wrote about it earlier. If interested, you can read past posts.
Long
by DanilBlinkov
1
Bitcoin chilling at lows can we bounce or down-only?Bitcoin is back into sideway PA. Macro trend and lagging indicators still looking bearish. However, I see the chance that while trading above 16.2 we have shoot at trying the upper ranges like 17.6 or the 18.4. Check the video for more nuance talk through some of the data I look at and the technical structure I am currently paying attention to. If you want more details and learn about different Bitcoin advanced data points don't forget to check links in signature field.
COINBASE:BTCUSD
by D7R
5
Bitcoin fails to break above $17,000 againHello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅ Bitcoin continues to stay in a local sideways trend and cannot break above $17,000 If you pay attention to the local countertrend line, then the asset was able to break through it, I expect to see a test from the reverse side. Today we again received a deviation from $16,800 and continue to trade at $16,500-16,650 There is a possibility that we will get another decline to the $16,300-15,800 zone, this range is also a good entry point for a local long position. Also, tomorrow will be Black Friday, so there is a chance to see a decline in the range indicated above.
Short
by DanilBlinkov
1
Bitcoin rocket almost at launch! Everything will happen soon...Hello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅ ▫️ As we can see on the chart, there is no strong volatility, the range becomes narrower and narrower, usually this leads to a strong momentum. It remains to understand to what? ▫️ As I said earlier that we are being held back in a strong manipulation zone, and most are now thinking about going to $14,000-12,000 and there is a lot of FUD news around. It really makes you stop thinking about the further growth of the market. ▪️I think there is very little left and the market maker will again disappoint the majority. Just remember the other day when the price hit $21,500 and everyone said we hit the bottom and it was a reversal. When at that time we were gaining SHORTS! ▪️And now I'm set to positional LONG! I will act like last time with a grid of orders while I watch the chart, there is a possibility that they will push below $16,000. A little patience and soon we will be in the rocket! Later I will write a post with entry points and risk management that you must follow!!!
BINANCE:BTCUSD.PLong
by DanilBlinkov
1
BTCUSDT|Manipulation zone, the rocket will fly soon!Hello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅ Bitcoin standing in the range of $16,000-17,000 continues (manipulation zone) Let's look at the chart from the technical side: We can say that now the asset is in the accumulation zone between the support of 16.000 and the local resistance of $17.150 (attention to the trend line) On the chart, 3H showed a local countertrend line, there is a possibility that we will again be able to see a rebound to the $16,000-15,800 zone. In case of a true breakdown of the trend line and a fix above $17.600, I expect a trip to the $18.500-19.200 zone. Today's rebound from $17,150 let us know that the pressure continues, be careful and work with risk management!
BINANCE:BTCUSD.PLong
by DanilBlinkov
BNBUSDT|The asset returned to flat. Worth buying?hello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅ The asset is now recovering from a hard rally, I think the $270 zone is a local strong support zone, speaking from a TA point of view. Well, you can also expect another decline to the lower red block (shown on the chart) the range of $ 245-235 is a short-term summer accumulation zone with subsequent distribution, I think if the price comes there, this will be my area of interest for medium-term purchases.
Short
by DanilBlinkov
Bitcoin bottom reached or not? Let's reason.Hello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅ Let's start with the technical side: We were driven hard from $21,450 to $15,500 and now the temporary support level is the $15,500 zone. There is also a rebound to the $16,950 zone, I think that it just dumped those who went too far with leverage! While I see that MM continues to push the price back into the $15,500-15,000 zone, maybe this is not the bottom yet, there is too much hype now to buy at a sweet price, patience guys! From the fundamental side: in a couple of hours, the release of the CPI results already wrote about this, if the results show that inflation is progressing, then most likely we will see a downward movement in both the stock and cryptocurrency markets. So be careful, I do not recommend beginners to trade on such events! Also, all the fuss with the exchanges, I think, is not over yet, but CZ made it clear that he is not ready to go on unfavorable conditions and the deal most likely will not take place. We ordinary users can only wait and look for the moment for LONG. Or are you still in SHORT?
by DanilBlinkov