CRYPTO TRADING TIPSI made this post so that myself, along with other traders trying to step into the Crypto world can have a better idea and some insight to what lies ahead.
If you can drop some your thoughts on tokens, the Alt coins and also a few sites like Defi, Coin Gecko and 1inch, it would be appreciated. Trading the lesser known coins obviously are obviously high risk, but they also present opportunity for high reward.
More importantly, outside of the crazy news events that spike crypto sometimes, how does technical analysis stand over time vs fundamentals. Herd mentality, the big discords...I want to know it all..
I'm open to any other things worth knowing!
Thank you!
Ethereum (Cryptocurrency)
Ethereum & Chainlink Smart Strategy; special analysis!!!In this special analysis, I want to talk here a thing that I've found out in the best crypto broker to accumulate Ethereum and Chainlink deposit as fund and make trading to accumulate Chainlink or Ethereum or boths cryptocurrency.
The crypto broker it's called Simple FX. Simple FX it's a crypto broker that you can to deposit Bitcoin , Ethereum , Chainlink, Litecoin, Dash and other crytpo that work as deposit method. For that, you can to trade whole financial markets including cryptocurrency. This it's the best broker that I know to accumulate Ethereum and Chainlink just and simple open up a strategic only bought ADA contracts to combine this strategy.
This it's the link: amp.simplefx.com
The strategic consist to open up a long position using Cardano or ADA contracts to leveraged modered to earn this crypto throughout of the time. This strategic it's so unknow for us, but the broker don't want to know how the broker work, what happenng when you're open up a postion in the mark price of your assets that yoo have deposited. For that, broker don't want to know it. And for that, share this secret information that nobody talk you.
But first, you will need to register in Simple FX and download the Simple FX app for iphones in Google Play Store.
Now, you can to bougth any ADA contract, there's not the minimum, but noticed that if you deposit a big quantity of Ethereum or Chainlink at least 0.50 ETH or 10 LINK, you can to earn a lot thoughout of the time. For that, Simple FX have a calculator of profit to proyect how much Chainlink or Ethereum you can to earn if you hold for example 500 ADA contract by long term and you bought 500 ADA at $0.76 USD and that was when Chainlink was around of $25 USD
Note that:
1. If you have a plan to sell your 500 ADA when ADA goes to $35 USD as example: you earn in profit $17,200 USD, and now, you can to divided this quantity in profit with the price when you bought 500 ADA in the Chainlink price, you're profit in Chianlink will be 684.80 LINK. This it's magic!!!
For that, broker don't want to know it when you keep a position by long term. Personally, I deposit 11 Chainlink that I bought in the some weeks and 0.43 ETH, and then, in my personal, I bought 1,500 ADA contract for Ethereum and 899 ADA contract for Chainlink. Noticed that in Simple FX you can to create a multi-account called sub-account to fund Ethereum in the other account and Chainlink in the other account.
For that, this it's so interesting, but you will need to be experimental to understand this thing how broker work.
2. Imagine this 500 ADA if you want to earn Ethereum , and applying this same procedure, you bought 500 ADA at $0.76 cents and then, you have a plan to sell your contract when Cardano reach the price of $35 USD. So, you earn the same $17,200 USD, but imagine that you bought these conract when the Etherum price was around of $1,678 USD. For that, you will need to divided your profit with the price that you bought ADA contract when the Ethereum price was around of $1,678 USD, You can to earn 10.20 ETH.
That it's not bad. For that, this strategic it's so secret. For that, I invite you to support this strategic if you want to accumulate Ethereum and Chainlink or both crytpocurrency that personally I'd reccomend to these cryptos. And also, in twitter I invite you to follow me to look a screenshoot how it's work Simple FX, I can't to posted a screenshoot out becuase I don't have any link external to publish it, but you can to look out in my twitter profile.
Guys, if you like this analysis, it's so simple to understand. When you open a trade, all trade it's wil be marked in your price instantly when you open a trade, depending if you have your money in Bitcoin , Ethereum or Chainlnk, or USD. For that, this it's very important to know it.
And look in my personal. As I deposit 0.43 ETH and 11 LINK to accumulate this coins.
Now, when you register in Simple FX, change your levaraged 150:1 and have an enought assets in Ethereum or Chainlink when you going to work with Simple FX, there's not limit to bought ADA contract, you can to bought 100 ADA contract and hold, 500 ADA contract and hold, etc...
Guys, if you have any question about the Simple FX, you can to writing me here or my twitter meanwhile direct message for me.
Supply & Demand Zones Explained #2 : Single Candle Supply DemandSingle Candle Supply & Demand Zones are a form of Supply & Demand Zones and price can commonly find Resistance or Support on them. For those who are new to Technical Analysis ; "Support" is a area on the chart price and demand (buying pressure) increases from, with "Resistance" being the opposite, with price decreasing and sell orders (Supply of asset) increasing from the latter.
This makes them a great tool for finding exit or entry points for trades. The left images show how a Single Candle Supply or Demand Zone is identified and drawn on the Cryptocurrency market charts.
To draw and identify the Zones first we must find areas on the chart where a strong reversal occurs, at the start of the trend reversal, or at swing points we can find larger then normal "wicks": (wicks are the thin, needle points at the end of the candlesticks ) as you can see in the top left of the image.
When price revisits them (as you can see on the bottom image) it tends to react to it; giving traders a opportunity to capitalize on these movement's. They also are a useful tool for gouging Risk & Price targets as when one Zone is "claimed" price tends to head towards the next like a magnet; so they become ideal take profit & SL (Stop Loss) areas.
In this particular image we can see how ETH:BTC clearly had important price reactions to these areas; with the uptrend starting from the original Single Candle Demand Demand Zone marked at the Bottom Left. As the Price Action progressed - the level was "claimed" until we saw a continuation upwards, price then started to decrease in value at the next area. We came back down to the Single Candle Demand Area and now we have seemed to have found Support on it. We can use this live chart to look back in the future and see how Ethereum:BTC reacts to these historically important areas of Supply & Demand while learning.
If you found this idea informative, feel free to share your thoughts/criticisms and hit the like button, thank you traders!
Simple Strategy Reveals Easiest Way to take Profitable TradeSo As you can see in our previous trade,
I shared with you a super simple strategy,
Based On Price Action Theory,
That reveals how to take highly favorable trade entries,
Now is this something that works every time?
No unfortunately in trading we don't have certainty,
but what we can actually do is reduce our risk,
by taking positions that are more favorable towards the direction we think the market will go,
I target a 2:1 reward to risk ratio when trading,
In other words, if I’m risking 50 pips, I place my take profit of 100 pips below my entry.
You can also use your reward to risk ratio as a filter.
For instance, if you calculate that you cannot hit your
full 2:1 take profit before price moves down into an area that you believe could possibly be a strong support zone,
you may want to skip the trade or only take the trade if you can get the 50% entry.
One of the best things about the double top pattern is that it often provides great entries (fewer pips at risk),
which in turn makes it more likely that even a short-lived reversal will hit your full take profit.
Let me know what your thoughts are on this strategy in the comments below.
Can You Analyze ETH? Yes But It Isn't Easy, It Isn't What ThinkCan You Analyze ETHUSD? I can, But It Isn't Easy, It Isn't What Think!
Charting is very complex...
I don't like charting these because I can give a very compelling article about why ETHUSD should move to "x" direction based on the signals that I see, but the next minute the contrary happens and many people don't understand how this work and then they blame it on me.
I received the support of many here because I found a way to figure out when a bottomed-out altcoin was about to go up...
But predicting market movements is not what I do but you really can't, you can only read the charts.
But the charts are always changing and no beginner can understand this... and those who understand, have no reason to read.
So, you want me to read the signals coming from the Ethereum (ETHUSD) chart?
I can tell you about the bearish divergence now present with the RSI and the MACD.
I can also tell you about a strong bearish candle printed yesterday and tell that this can lead to a drop.
But when you think about it, prices are above EMA10, all major EMAs and the bulls are still in control.
Trading can be easy here, very easy for me.
You set up a plan, something like this:
1) If prices move and close above the last high at $637, the potential is we see additional up.
If we carry a bearish bias, we can SHORT here and this would our stop-loss.
2) You set your targets on the next strong support.
You see, trading can be very simple but not reading the charts.
When it comes to reading the chart we have mixed signals all the way to the Moon.
We have the bearish divergence on the RSI and MACD yes, but you also have higher highs when it comes to candle wicks and candle close.
Prices are still above EMA10, so any bearish signal can be temporary and easily erased.
I personally like to skip these types of charts, because if you are trading to make money there are definitely easier ones.
Still, many people asked to chart this one, ETHUSD and here it is...
In summary:
Technically ETHUSD is bullish, for sure... We have a bullish trend, bullish indicators, and prices hitting new highs.
But, at the same time, a correction can start to form.
We can see high bear volume on the red candles... and after strong bullish action it is normal to see retraces and correction... so there you go.
Did you enjoy this post?
Hit LIKE for more and to show your support.
Namaste.
📚 💰 Descending Triangle in ETHBTC - "Learn More Earn More" 📚 LEARN MORE
💰 EARN MORE
With ForecastCity
Descending Triangle Definition:
An Descending Triangle is a type of triangle chart pattern that occurs when there is a support level and a slope of lower high .
It is defined by two lines:
. A horizontal support line running through valleys.
. A Downtrend line drawn through the peaks.
The lower highs indicate more sellers are gradually entering the market and selling pressure increases as price consolidates moving further towards the apex.
An Descending Triangle is classified as a continuation chart pattern.
If price can break through the support level, that level will now act as a resistance level.
Breakouts can also happen in both directions. Statistically, downward breakouts are more likely to occur, but upward ones seem to be more reliable.
In most cases, the sellers will win this battle and the price will break out past the support. But Sometimes the support level is too strong, and there is simply not enough selling power to push it through. Therefore you should be ready for movement in EITHER direction.
ENTRY:
We would set an entry order bellow the support line and above the slope of the lower highs.
TARGET:
Target is approximately the same distance as the height of the triangle formation.
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
ETH/USD: Market Cycles and Investor Sentiment ExplainedIn this post, I’ll be shedding light on market cycles for cryptocurrencies, specifically Ethereum in this case, and how investors’ sentiments are reflected at certain phases of the cycle.
Market Cycle Explained
- We can refer to the graph in green, which demonstrates the overall market cycle
- Markets undergo phases of contractions and expansions, forming peaks during the expansionary phase, and troughs during the contractionary phase
- Overall, the market moves in an uptrend, forming higher lows and higher highs throughout
Market Sentiment Explained
- Along with fluctuations in price movement caused by volatility, traders’ and investors’ psychological responses are also reflected in the chart
- Prior to a bullrun, market participants are at a phase of disbelief. They think that prices will get rejected at resistance levels, and fail to break out
- After a breakout takes place, hope starts to settle in. People think that maybe a recovery to previous high levels are possible
- Then comes optimism. People start seeing the bullish trend that has been confirmed, and start thinking that this is the beginning of a real bullish rally.
- Afterwards, we have the belief phase, which is when people start to get fully invested in the asset or security. This is also where people start coming up with extremely bullish price targets for the long term.
- The thrill phase. People start getting extremely greedy at this point, and start buying more on margin, leveraging debt to increase their positions. At this point, prices are still going up on a daily basis, and people are still profiting from the immense buy volume, so they lead in their friends and family to invest as well.
- Then comes one of the most important phases, euphoria. At this point, people think they’re geniuses, and that they’ll be set for retirement next month. This is the phase were everyone is bullish, and the only thing leading price action is the momentum caused by new buyers
- The price of the asset tops out and corrects, reflecting a complacent sentiment. People just consider it as a healthy correction, and that the rally is deemed to continue upwards.
- Prices correct even further, stirring anxiety among investors. People start getting liquidated on their margin positions, and realize that the correction is extending further than they anticipated
- The denial phase then kicks in, as prices drop further. Investors refuse to accept that the trend has reversed.
- Prices drop even further, breaking all support zones, getting closer to new lows. Investors who have bought the top sell their positions here.
- Due to mass sell volume, capitulation takes place, and investors start thinking that the asset was never a solid investment decision.
- As prices consolidate around the bottom without any signs of a trend reversal, anger starts seeping in. People blame the market for being too manipulative, and the government for not regulating enough, and preventing such capitulation from happening in the first place
- As the phase of consolidation continues, investors experience depression. A sense of betrayal and self-pity, as they think of how they can retrieve their initial investment back.
- While they go through this negative phase of investor sentiment, prices break out once again, marking the beginning of the second disbelief phase.
Ethereum Analysis
- Ethereum is demonstrating this market cycle on the weekly chart
- It has currently broken out of major resistance levels, looking to continue its rally upwards
- Important resistance zones to keep an eye on are: $490, $620, and $800
- Important support zones to keep an eye on are: $470, $440, and $355
- Based on market cycles, as Bitcoin’s rally tops out and prices start consolidating, we should see capital flow into altcoins such as Ethereum
- Especially with Eth 2.0, an event in which the shift from proof of work to proof of state takes place, we could expect bullish news to drive prices upwards.
Conclusion
In summary, understanding general market cycles and investors’ sentiment is extremely important. Possessing the mental fortitude to buy when others are selling is also an important feat that an investor/trader should possess to succeed.
If you like this analysis, please make sure to like the post, and follow for more quality content!
I would also appreciate it if you could leave a comment below with some original insight.
Head and Shoulders - "Learn More Earn More" with usInverted Head and Shoulders Definition:
A head and shoulders pattern is also a trend reversal formation.
It is formed by a Valley (left shoulder), followed by a Lower Valley (head), and then another Higher Valley (right shoulder).
A “ Neckline ” is drawn by connecting the highest points of the two Peaks. Neckline resistance does not need to be strictly horizontal.
. This illustrates that the downward trend is coming to an end .
. When a Head and Shoulders formation is seen in an downtrend, it signifies a major reversal .
. The pattern is confirmed once the price breaches the neckline resistance .
In this example, we can easily see the head and shoulders pattern.
How to Trade the Head and Shoulders Pattern:
ENTRY:
we put an entry order below the neckline.
TARGET:
We can also calculate a target by measuring the high point of the head to the neckline.
This distance is approximately how far the price will move after it breaks the neckline.
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Head and Shoulders - "Learn More Earn More" with usInverted Head and Shoulders Definition:
A head and shoulders pattern is also a trend reversal formation.
It is formed by a Valley (left shoulder), followed by a Lower Valley (head), and then another Higher Valley (right shoulder).
A “ Neckline ” is drawn by connecting the highest points of the two Peaks. Neckline resistance does not need to be strictly horizontal.
. This illustrates that the downward trend is coming to an end .
. When a Head and Shoulders formation is seen in an downtrend, it signifies a major reversal .
. The pattern is confirmed once the price breaches the neckline resistance .
In this example, we can easily see the head and shoulders pattern.
How to Trade the Head and Shoulders Pattern:
ENTRY:
we put an entry order below the neckline.
TARGET:
We can also calculate a target by measuring the high point of the head to the neckline.
This distance is approximately how far the price will move after it breaks the neckline.
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
How to use Moving Average (MA) in crypto tradingHello, traders!.
Today we will examine how Moving Average can be used as a tool in trading.
Moving Average is one of the most famous and popular coin filters.
The most straightforward application of MA:
1) Defining the trend.
Uptrend If MA is upward, downtrend if MA is downward.
2) Determining the strength of the trend.
The greater the deviation of price from the moving average, the stronger is the trend.
3. Signal to buy or sell the asset.
There are two cases that can be considered a buy signal:
- Moving average price crossing from bottom to top;
- The crossing of the lower MA of the older MA (for example, MA50 crosses MA100) from bottom to top.
The opposite of two cases can be used as a sell signal :
- Moving average price crosses from top to bottom;
- The crossing of the lower MA of the older MA (e.g. MA50 crosses MA100) from top to bottom.
ETH/USDT
Above is the bright example of MA50+MA100 combination using H1 timeframe.
On the chart, MA50 is marked in green, and MA100 is black.
As a rule, the trend starts with small timeframes and then moves on to the older ones.
Here is another example using 4H timeframe for LINK/USDT
And finally, an example of working out the combination of MA50+MA100 on the 1D timeframe for LTC/USDT .
Hope this is going to be valuable for you!
Good luck and watch out for the market
Market Cycles: How to Overcome the Fear of Missing Out (FOMO)In this post, I'll be providing an educational post on the cryptocurrency's market cycle, and how to overcome the fear of missing out, also known as fomo.
It's important to understand that the cryptocurrency market has very clear market cycles.
In order to profit in the cryptocurrency market, it's important to think like a whale .
1. To begin with, whales keep their assets in the form of fiat, or tether (USDT) before the beginning of a market cycle
2. Whales buy Bitcoin with their cash at hand, and this is when we see Bitcoin rally alone
3. Since Bitcoin is the only cryptocurrency to rally, Bitcoin dominance soars up along with Bitcoin's price
4. However, the market trend soon changes as the whales, who have profited from Bitcoin, move onto large cap altcoins
5. These are our typical altcoins at the top 20 in terms of market cap
6. After these coins rally, capital then flows into the undervalued coins with a much smaller market cap
7. Because there isn't enough liquidity, these less popular coins tend to break out the hardest, and demonstrate immense risk
8. After whales profit from small cap alts, it's time to convert their assets back to Bitcoin
9. This process is repeated during a bull run, and ultimately converted to fiat in a bear trend.
So, what are we currently seeing in the market today?
Bitcoin
- For Bitcoin, we are seeing a textbook bearish divergence
- In my previous analysis, I have provided consistent updates, in which the divergences I have spotted, both bullish and bearish, have played out perfectly.
- You can check the previous analysis above.
- As such, it's reasonable to expect this divergence on the longer time frame to play out as well
- The higher highs on the price, and lower highs on the Relative Strength Index (RSI) is extremely concerning
- The Moving Average Convergence Divergence (MACD) also demonstrates decreasing bullish histograms, with a potential death cross in play
Does that mean we have missed the train?
While Bitcoin may be done for the short term (since the uptrend is still intact, and we are seeing higher lows and higher highs on the longer time frames), but there are opportunities to be spotted in the cryptocurrency market.
Ethereum
- Ethereum has been consolidating for a while on the weekly, and has been inactive on the daily
- The Ethereum 2.0 Countdown just recently began, providing bullish stimulus for prices
- Based on the market cycle theory explained above, Bitcoin's short term bearish signals suggests an opportunity for Ethereum to break out
- Considering that Bitcoin dominance is trading within a downtrend over the long term, we could expect price action from Ethereum in the coming days
- For my analysis on ETH's long term price action, check my previous analysis below:
Conclusion
In summary, seeing everyone else make money while you sit on a pile of cash, might be frustrating mentally. But as I always emphasize, trading is a psychological game. Successful traders have a good understanding of the market psychology and cycles. As such, capitalizing on trading opportunities require a combination of proper knowledge and patience. There will always be opportunities, regardless of the market situation, as beauty is in the eye of the beholder.
[EDUCATIONAL] BULL Flag on ETH/USD - Full ExplanationIn this technical analysis we are reviewing the price action on Ethereum. The confirmed bull flag is a very powerful signal and I will be explaining how you can trade it.
Both flags and Pennants are quite similar to each other and have proven to be powerful chart patterns in technical analysis. They are considered 'continuation patterns'. First of all it is important to understand where the name is coming from.
If you look at the picture to the left you should get a pretty good idea. The price goes up strongly (in case of a bullish pattern, downwards for bearish) and then enters a moment of soft consolidation with a slight bearish trend (or in case of a bear flag it should be bullish, you get the point).
The price is expected to continue in the direction of the move it had seen before (in this case the strong upwards momentum) after it breaks out of the flag. Ethereum has JUST confirmed the breakout on the bull flag, which should indicate a bullish continuation according to this pattern.
Follow me for consistent high quality updates, with clear explanations and charts.
Please like this post to support me.
- Trading Guru
--------------------------------------------------------------
Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
How to accumulate cryptocurrency for the next bull rally 2021?In this special analysis. I want to give you a knowledge that you can to support it. Remember, in my latest special session, I talk about my top 8 cryptocurrency to invest on 2021, and including Gold and Silver as assets to invest to fill 10 assets to invest on 2021
That it's a great question for you!!! Now, I want to show you 2 brokers that I use to work it:
1. My first broker is called PRIME XBT. it's a broker that you can to trade Forex, commodities, stock market, indices, and include cryptocurrency. The deposit it's making in Bitcoin. Now, I use this broker just to take passive income on Bitcoin from long-term and also, to accumulate Bitcoin as my objective principal. I reccomend to prove PRIME XBT, trade Forex, commodities or cryptocurrency. So, the form that I accumulate BItocin is just find up 15% weekly, each weekly my objective is to find up 15% weekly. I calculate it with a paper that I use and created to take notes in my trading operations, and then, it's my own formula to evaluate my own results.
forex21.com
I reccomend to link up in this link, it's a calculator that you can to see an compoiunt interest. For example: Imagine that you started with $50 USD. So, you put $50 as your capital, then you percentage by weekly is 15%, remember that this calculator the percent is by month, if you want you can to put manually the weekly number that is 48 weekly = 1 year. So you put 48 weekly on the number of months and then, you will need to push calculate and they hsow you a charr of compount interest to how to evaluate your own strategy consistent to become rentable in trading. If you like, be createvie, not neccesary you would need to find up 15% weekly, you can to put 10%, 15% or 20% weekly, but more important is to know your risk management + capital management. So guys, I don't have any quantity to accumulate Bitcoin. I can to accumulate Bitcoin how much times i want to accumulate Bitcoin just trade Forex, commodities, cryptocurrency, stock market or indices in Prime XBT.
My second broker is Phemex. It's a cryptobroker that i can to trade BItcoin, altcoins and Gold. I use this broker just to accumulate my favorrite altcoins that are: Cardano, Chainlink, Ethereum, Neo, ICON, Zcash and Tezos. So, let's me show you some strategic to acccumulate altcoins.
The strategy t oacumulate altcoins:
1. You can to trade altcoins just open up each account funding in Bitcoin to accumulate each altcoins as aims. For example: an account for Ethereum, an account for Cardano, an account for Chainlink to each account accumulate altcoins independent of what quantity you want to accumulate.
2. You can to chose each quantity of money making trading to find up, for example: $1,000 for Cardano, $1,000 for Ethereum and $1,000 or Chainlink. I believe that this strategy it's very good to build a crypto-portfolio or altcoins-portfolio. But remember, your rule is to have Bitcoin as the top # 1 to accumulate a lot Bitcoin throughout of the time. And I believe that is rentable to have this portfolio of altcoins. But it's depend of how many altcoins you want to invest. I have 7 altcoins: So, each portfolio will be $1,000 USD, so $1,000 USD x 7 altcoins it's a altcoins's value on $7,000 USD. And $7,000 USD in altcoins it's good, very very good!!! If your goal is to open up each account to accumulate altcoins. You can to get it!!!
3. One of the excellent strategy is just to find up each quantity of assets. For example: 25 Ethereum. Yeah, 25 Ethereum it's good, but in the long-term Ethereum growing up and you can't to find up 25 Etherem, imagine that, 25 Ethereum today it's $9,600 USD, but in 78 days 25 Ethereum it's have a value of $!5,000 USD to find up. So, you should need to find up $15,000 USD to accumulate 25 Ethereum in your portoflio later of 78 days after that Ethereum up the price. The same pass with altcoins. But the most interstin it's the following, the theme of volatile in the cryptocurrency and that allow to accumulate more altcoins when cryptocurrency droppring. But, this strategy sound good, but some implications.
What is the best solution to accumulate cryptocurrency?
I believe that the best solution to accumulate cryptocurrenc it's just to count on US Dollar how much you want to invest in Bitcoin, but for that, you should need tofind up how much money you want to invest in each altcoins. The second option it's the best when I mentioned the $1,000 USD for each altcoins, and an altcoins portfolio value on $7,000 USD. But that is the example. But, you can to make the following:
1. Not neccesary you need to find up $1,000 USD for each altcoins. You can to make it. But, if you don't have a top cryptocurrency to invest, it's very hard to know your favorites project, and it's very reccomend to know your own project tha tyou want to invest. For example: in the case on Bitcoin, I don't have any limit to find up how many Bitcoin I want to accumulate, I can to accumulate a lot Bitcoin how many times I want make it. But, in this case, altocins are not future of the money, altcoins are investmenet that can to resolve all issues in the world and they're solution of the problems. My second favorite cryptocurrency is Cardano, following of Chainlink, and Ethereum. So, I believe a lot in Cardano because Cardano have future in long-term. So, for that reason, my own goal is to find up 1,000 USD in Cardano to invest it. So, as I starting with $100 USD, my goal is to find up $1,000 USD in Cardano, and then the same with Chainlink $1,000 USD and Ethereum $1,000 USD open up each account in trading. But not neccesary, as Cardano if my favorite crypto, I can to large to find up maybe $5,000 USD, then in Chainlink could be $4,000 USD, and following with your latest top 8 on cryptocurrency.
And finally, one of the best strategy to accumulate Gold and Silver it;s just to take out $1,000 USD to jnvest in Gold and $1,000 USD in Silver and then, open up an account for each commoditie assets.
And also, I know that there's traders that manage a big account of trading that they're take out money toinvest in market, Imagine a trader that have $90,000 USD in their trading account and they're earn 10% weekly. So, that it's 9,000 USD And yes, $9,000 USD that is a great to invest in what they want wether it's stock market, gold, silver or commoditie. But to achived this quantity, we would need to be consistent and patient if you want to earn a lot money, but for that, we would need to work hard, help people and more.
So, as they're a lot people that starting investin in this thing, included me that I have near of 3 years that I know Bitcoin and cryptocurrency. The best strategy it's prove to find up $1,000 USD for each altcoins to have an altcoins portfolio value on $7,000 USD. So, that mean to open up ech account for altcoins and to achived to find up $1,000 USD for each 7 altcoins to ill $7,000 USD in altcins. That is an excellent strategy. Imagine that in 2 or 3 years your altcoins portolio grow up over 1,000% for the next bull cycle in cryptocurrency. That could be a profit of $77,000 USD. So that $77,000 USD could represent in the future your altcoin's portolio value throughout of the time. And that could be a good for you if you're amateur. So, my own reccomendation is to trying and prove to find up $1,000 USD for each altcoins that you want to invest. And that strategy could be secure to reserve your own financial freedom.But not neccesary, imagine that your altcoin portfolio growing up over 4,000% of re-valuelization. So, the best strategy it's to find up $1,000 USD for each altcoin. And the case for Bitcoin, I don't have any quantity, but my goal is simple, just find up 15% weekly consistent and patience. And also, you can to add more value of money in your top altocins as Cardano, for example: all altcoin with $1,000 USD except Cardano that I want to put $3,000 USD in my portfolio in this crypto if I see large future for this crypto. That could be a good if you have as any cryptocurrenc so favorite.
So guys, this is it my own strategy to accumulate altocins, Bitcoin and Gold. But if you work consistent and patience, you achieved your dreams and your goal.
Good night!!!
If you have any question, please respoing here!!! And if you want to check my top 8 crypto, please link below in the link to related ideas.
How to trade GOLD/SILVER RATIO in Any platform!?This is the first educational post I Make on Tradingview so make sure you like and comment and follow if you like it,
in this post I will explain how to trade The GOLD/SILVER RATIO in any platform
You can use the same strategy to trade ETH/BTC in Binance Futures with leverage ...
first lets define what is gold silver ratio ,
The gold/silver ratio (GSR) is the current price of an ounce of gold divided by the current price of an ounce of silver. It's a simple numerical calculation that shows how many multiples gold is trading relative to the price of silver, a common indicator used by precious metals investors worldwide.
this indicator help us know which is going to gain more or wich is going to lose more in some cases when there is high volatility in the markets you might find this chart stable with very strong trading opportunity for example back in the 26/2/2020 when the markets were uncertain and volatile this chart made a very good breakout and huge gains! you can find that on the chart above
so now lets explain how to trade it in any platform that have GOLD/USD and SILVER/USD
if you want to short the GSR
all what you need to do is to sell short GOLD and buy long SILVER with the same amount of money and leverage in each of the positions
Example
if you open a long position with 1000$ and x3 in SILVER/USD you have to open a short position in GOLD/USD at the same moment with 1000$ and x3 leverage.
If you want to long the GSR
all you need to do is the opposite of shorting we buy GOLD/USD and sell SILVER/USD with same rules again we should use the same amount of money and us the same leverage in each of the two position.
thanks for reading good luck
How to trade triangle breakouts at weekends.Happy Sunday traders.
Trading is difficult. Weekends in particular bring a lot more difficulty. I wanted to create this chart to make it easier for beginners to trade.
You can easily see from the chart the course of events and how you can prepare for such situations in the future.
The future of Ethereum: The 2nd crypto and king of Dapps In this analysis for you, I will go for you to bring this analysis to discuss what is Ethereum.
Ethereum is the 2nd cryptocurrency after of Bitcoin, Ethereum started on 2015 with Vitalik Buterin, He's the Ethereum's Co-Founder and the mission of Ethereum is to become one of the best crypto-solution for our life and leadership of Blockchain. Ethereum is an interesting proyect like Bitcoin to take in our radar, because as Ethereum is go to grow up throught the time, it's a good idea to invest in Ethereum and I like this proyect about their creation of other tokens, blockchain and the one of the blockchain solution to created a decentralized application calles Dapps. Also, in the past year, I havened a proyect to created with Ethereum called Cryptocraft World Revolution, that proyect is based for digital economy to make an easiy user interface with the plattform as created cities decentralized, an economy impery based as our world but using a kind of Blockchain that I wanna to created it.
I admire a lot of Ethereum, also I compared this proyect as Cardano, because my own exit strategy for me is accumulate more and more Cardano, but any of Ethereum is another radar to take noticed on this crypto when is explode to reach level never see. That maket cycle is so repeat when Bitcoin was in the $320 USD on 2016.
Well guys, that is my analysis on how I see a Ethereum for longest term!!!
If you like it to reach the $17,000 USD as target for Ethereum. You can to get a like of this idea!!!
Also, I share you in weekly the Elliot Waves Analysis. Look below:
Also guys, on the next week, I will going to re-started to making a investment for long-term on cryptocurrencies. And I will started for the news as the community to bring about all of Bitcoin to explain what is Bitcoin, and all about of this money decentralized. And then, analyzed my altcoins that I want to know and making a study's autodidactic.
ETHUSD 4H RSI 80-20 TRADING STRATEGY SHORT TRADERSI 80-20 TRADING STRATEGY SHORT TRADE RULES
1 - Find Highest candle in the last current 50 bars.
2 - That High candle coupled with RSI above 80 level.
3 - Wait for a new Swing HIgh but RSI is lower - DIVERGENCE.
4 - ENTER on breakout candle close below 1st candle's low.
5 - Stop Loss above new swing high.
6 - EXIT with a 1 to 3 risk reward Take Profit.
Add RSI to chart
Adjustments:
14 period, to 8.
70 and 30 lines, to 80 and 20.
This indicator comes standard on most trading platforms. You’ll just need to make the adjustments above.
Step 1 - Find the currency pair that is showing a high the last 50 candlesticks. (OR low depending on the trade)
The 80-20 Trading strategy can be used for any period. This is because there are reversals of trends in every period. This can be a swing trade, day trade, or a scalping trade. As long as it follows the rules, it is a valid trade. We also have training for building a foundation before a forex strategy matters. In this step, we only need to ensure it is the low or the high of the last 50 candles.
Step 2 - Using the RSI Trading Indicator:
When we find 50 candle high, it needs to be coupled with RSI reading 80 or higher. (If it’s low it needs to be combined with the RSI reading 20 or lower.). We have a reading that hit the 80 line on the RSI and was the high the last 50 candles.
Once we see that we had a high, the last 50 candles, and the RSI is ABOVE 80, we can move to the next step. Remember that this strategy is a reversal strategy. It is going to break the current trend and move the other direction.
Step 3 - Wait for a second price (high candle) to close after the first one that we already identified.
The second price high must be above the first high. Although, the RSI Trading indicator must provide a lower signal than the first. Remember that divergence can be seen by comparing price action and the movement of an indicator. If the price is making higher highs, the oscillator should also be making higher highs. If the price is making lower lows, the oscillator should also be making lower lows. If they are not, that means price and the oscillator are diverging from each other. Which is why it’s called “divergence.”
Just because you see a bullish or bearish divergence, doesn’t mean you should automatically jump in with a position. We have rules in place that will capitalize on this divergence so that we can make a significant profit. Keep in mind, that this step may take time to develop. It is very important to wait for this second high because it gets you in a better trade making position.
Price goes up/RSI goes down. That is the Divergence. Remember that our example is a current uptrend looking to break to the downside. If this was a 50 candle low, we would be looking at the exact opposite of this step.
Step 4 - How to Enter the Trade with the RSI Trading Strategy.
The way you enter a trade is very simple. You wait for the price to head in the direction of the trade and wait for a candle to close below the first candle that you identified that was previously 50 candle high.
Step 5 - Once you make your entry, place a stop loss.
To place your stop, bump back 1 to 3 time periods and find a reasonable, logical level to put your stop. You are looking for prior resistance or support.
We placed our stop below this support area. That way if the trend continued and did not break, it could hit this level and bounce back up in our direction.
Step 6 - I recommend you follow at least a 1 to 3 profit vs. risk level. This will ensure that you are maximizing your potential to get the most out of the strategy.
You can adjust as you wish. Keep in mind that most successful strategies that identify breaks of a trend use a 1 to 3 profit vs. risk level.