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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
ADA USD | Exit from the ascending channel!Hello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅ On the chart, the formation of an ascending channel, its development is right in front of you, according to the classics down. On the technical side: the nearest support is in the $0.3-0.35 zone, there is a small traded zone there, well, it’s not a fact that the asset will be able to cling to it and not fall lower. So far, guys, just thoughts, there is also a possibility that bitcoin will show a rebound again from the 16,800 zone and the whole viola will follow them, so I write the shortest stop orders for transactions, be sure to take this into account !!! Approximate take profit shown on the chart. While I don’t want to consider altcoins for any positions, I’m just sharing my thoughts here, maybe they coincide with yours and this is as an addition.
Short
by DanilBlinkov
ETHUSDT | I continue to standHello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅ Guys, I want to update the EHT idea a bit Here, in general, everything goes according to plan, the entry point $ 1300-1310 is a good entry point into the short The main breakout zone is the range of $1250-1220 if we see a true breakdown of this range, then most likely there will be a hike below $1200 as indicated by the take profit. There is nothing special to add, soon I am waiting for ethreum below $1000, while I think we will still be driven in the range of $1150-1350 approximately.
Short
by DanilBlinkov
BNBUSDT|Coin OverviewHello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅ After a strong takeaway, a small correction can now be observed on the chart, I think that the asset will be able to test the local support of $276 where I will consider a small LONG 1-3% of the deposit. While everyone is waiting for bitcoin to move towards $16,500 and the alts will follow it, an approximate stop order was shown on the chart. Be sure to follow the risk management!!!
Long
by DanilBlinkov
DOGE again against the market, another takeaway!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 showed good growth this week and again came to $0.1 resistance Since the last TA, all the goals that I singled out as a percentage have reached the mark, who gained in the $0.07-0.072 zone, I think you can already start destroying the position and move the stop into a fat plus. Speaking from the technical side, the $0.1 level is not a strong resistance level, and if PUMP continues, the asset will most likely reach $0.12-0.15 Also, the chart showed a possible correction towards $0.075-0.08 if the asset corrects in this range, I will consider LONG at 1-2% of the deposit.
Short
by DanilBlinkov
1
BTCUSDT | Bounce again, when will it end?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 again got a rebound from the $16,750-16,500 resistance zone, I want to believe that this was the last rebound and there will be a breakdown of the $17,000 level soon In his past, TA spoke about the downward movement at the beginning of the new week to the $16,200 zone It is also worth paying attention to $16,130 marked with a gray line, a local support level is being formed, there is a buyer’s reaction from there, which is a good sign that we may not see below LOW $15,450 in the near future (well, this is not accurate). By the way, I fixed my position and re-entered again, in case of leaving below $16,000 I will gain a position.
BINANCE:BTCUSD.PLong
by DanilBlinkov
2
AAVEUSDT | I am considering a deal in LONG. 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, earlier I watched the asset for a long time and waited for the structure to form, so I think the time has come to pick up a local deal in LONG. I made markings on the chart and highlighted some areas, support levels and areas of interest where it is best to buy. I highlighted the $56 zone with a gray line, so far you can place an order there to add a position, the $58 zone is currently a strong local support and I think it is from there that you can open a 5% deal in LONG. Well, it is also worth considering that the price may not come there, I just showed a safer entrance!
Long
by DanilBlinkov
2
SUSHI Violas still draw triangles.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 guys here are a familiar triangle, after the breakdown of the local resistance of $1.180, we see how the asset showed a good impulse to the $1.295 zone, net 10% I expect to see a small correction with continued growth, I showed it approximately on the chart and identified an area of ​​interest for buying in LONG $ 1,185-1,215 Also, if you pay attention to the RSI indicator, you will notice that the asset is in the overbought zone and a slight correction has already begun. I do not rule out that we can see a false extension of the triangle up and then go lower, so be careful, I just put my orders and I will wait for my entry point.
Long
by DanilBlinkov
1
UNIUSDT | Scalp deal, channel exit!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 chart showed an ascending channel with clear boundaries. If you pay attention to the lower zone of the channel, then we will see a strong compression of the local support, which means that soon we will see a breakout of the lower border approximately to the $5.30-5.15 zone Usually, this pattern works out through downward movements in most cases, but I would recommend taking no more than 2-3% of the deposit for a deal, as it looks very risky and therefore it is better to work with a short stop order.
Short
by DanilBlinkov
ETHUSDT | Got a good rebound, you can fix the part!Hello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅ Previously shared TA and gave entry points for local position in LONG! 1175/1145/1115$ On the Bitcoin correction, the asset was able to go below $1100 and thus managed to collect all the orders that I allocated earlier, for those who managed to go below $1100-1150, you can start fixing approximately in the $1250-1280 zone from these values, I think to get a small SHORT. While I continue to hold LONG and the stop has already been rearranged in a used one, which I advise you to do as well. I’ll write about my SHORT a little later, while I see that there is a possibility to lower it below $1180, but I’m not going to close, I’m waiting for the removal above $1220 Update Idea
Long
by DanilBlinkov
3
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
HZUSD | Coin overview. Detailed analysis.Hello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅ On the eve of the World Cup, the asset was trading at $0.20-$0.21, let's call it the green zone. However, after the start of the global tournament on November 20, the Chiliz network, which allows teams to create fan tokens, lost its bullish momentum and lost more than 20% in value. On the technical side, the graph now looks like this: At the moment, the asset is trading at $0.1789-$0.1870 I marked the support level on the chart with a red rectangle $0.17-$0.155 as a zone of interest. I also highlighted a countertrend line on the chart, which is resistance. If we consider growth from support, then it will be in the order of 80% profit, I think that this can happen in a short time. While we are watching how bitcoin continues to correct, with a further recovery, the CHZ asset will go up!
Long
by DanilBlinkov
3
DOGEUSDT Local growth expected!Hello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅ After a strong explosion of 170%, the asset went into correction amid a decline in the entire market. At the moment, the asset has again come to the $0.075-$0.07 zone, which is an area of interest for me to take a position in LONG! Approximate goals: $0.075 $0.080 $0.085 0.1$ I consider the asset as for the medium term no more than 2X
Long
by DanilBlinkov
1
BNBUSDT|Technical review of the coin. Strong support levelHello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅ On the 12H chart, the asset is currently at the summer resistance, it is likely that the market will soon turn green and all alts will fly for bitcoin, well, I’m there so that we don’t forget that we can’t always fall. From the technical side, the level 254-240 is now a local support, the local resistance is the trend one, which is shown on the chart. While we are watching how the market continues to correct further, but it is better to arrange buckets in advance :)
Long
by DanilBlinkov
1
Bitcoin, again in the zone of interest.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 broke out of the $16,800-16,400 range and managed to break below $16,000 In this zone, we see how the buyer is trying with all his might to keep the range of $16,000-15800 and does not allow it to fall lower to the previous LOW of $15580 I expect to see a strong reaction of the buyer to the $16,800-17,500 zone soon, if we talk about local targets, then we will see a recovery to $20,000 in early December +- Actual positions for LONG: $16,000 $15,555 $15,150 I think enough liquidity has gathered on top and soon the market maker will follow it!
Long
by DanilBlinkov
1
ADAUSDT|Classic symmetrical triangle.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 from the technical side: The chart shows that now the asset is starting to clamp into a symmetrical triangle, which, in theory, should work down. I think that this will still be the case, the asset will break through the $0.32 support and most likely go to test the $0.31-0.3080 zone, approximate zones (take profit) We need to watch bitcoin now, as I said earlier that the asset is also starting to narrow and soon there will be a strong impulse, well, at first I think they will load $ 16,000 and then we will go into space!
Short
by DanilBlinkov