Bitcoin is not able to Cross 10K this week ? / weekly BTC levelHello Friends ,
Thank you all for prioritizing My idea. Hit the like button and also follow for new update.
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let's check overview of chart :
Here we can see some area where trading activity haven't taken place . it is outlined as "Area Zero".
we have founded 4 "Area Zero".
This channel have 2 Zones, "seller zone'' and " buyer zone".
we can Find Magnet Line where the price often touches. we have funded single Magnet line "M 1" .
I haven't Find any clue which shows Breakout from downtrend channel.
If you are going to short then your target Should Not be Bellow M 1 .
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let's have look at daily chart :
as per daily chart its clear that price will touch at the support line at 8605 and weekly BTC road can be 9000 as expection. yes this week we are not expecting 10 k level.
it's just simple view which I have noticed. You will be notified if you have Liked and followed Thank you......
it's not The End of analysis
BE prepared for Trade........................................................................................
Exit
Lets be honest guys. $tsla $spy it was a good run. Especially if you've been long from the lows. more than an 80% rally from the bottom. Tesla will dominate the auto industry as well as the energy sector. But just looking at the new range we find ourselves i can't help but consolidate on these gains. I have exited more than 50% of my position now and might continue to exit. overall not bullish on the stock, and the market anymore. my instinct is always to follow the trend, but nobody went broke taking profits. Thank you guys but im pretty much closing my fiscal year for stocks. Wont be looking for any positions until i see a correction in markets overall. Im comfortable now derisking from tesla and would like to see a new entry point. I have a little exposure left but anymore upside and i will continue to sell. \
Investing is my life now and im so happy to be part of a community that is so generous in offering their insight. Blessed for everyone that comments, likes and views my posts. i appreciate it so much. We are all going to make it if we continue to be constructive and thoughtful in our posts. Ill still be seeking out ideas and if you want to follow me on my youtube channel tagalong where i cover a few more markets like crypto. Thanks guys :)
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Journal analysis: Looking at my past gamblesOnly 1 way to get anywhere...
Time to look at some trades I posted, going to focus mostly on the exit. Most important part, that's when you make (or lose) money.
There are a couple of ideas marked "short/long" on 3D & W charts, these are not trades I took or intended on taking, it's a general bias idea.
Maybe I should not tag "long" and "short" so they are more easy to filter...
05 September: CHFJPY
Original idea:
Outcome:
A loser, and didn't miss much. Lots of buying pressure. The reversal area was correctly identified thought.
Not much to trail here...
10 September: EURJPY
Original idea:
Outcome:
Kinda repeated what I did on CHFJPY...
12 September: Gold
Original idea:
Had 11 losers in a row, was aiming for 12. Get ready to get big losing streaks if you go for RR of 5, 10+.
Outcome:
I am keeping it in the back of my head, but I don't think there is much to learn from that specific trade.
More generally there is something to learn, that when the recession is looking close, and there is an uptrend and great news catalysts, and on the weekly/monthly chart we broke out of accumulation and are going up; then buys are a good idea.
12 September: USDCHF
Original idea:
"Watch me end my losing spree live"
Normally I won't post a trade way after I entered and it went my way, but this was ending my lose spree I wanted to...
Outcome:
Conclusion: Well don't try running winners in choppy markets (if you even can trade them). Nothing much else...
16 September: NatGas
Original idea:
Outcome: Not sure how to explain that one without swearing. I'll use a little monkey emoji instead.
Need to look at Oil:
Of course in this case, EMAs cannot be used to trail... It makes no sense...
It did not go much higher and went way down. I can't see H4 & H1. Probably would end up a 5R to 10R.
There is alot of fear and uncertainty in these events, possible price just has some wild sudden moves in 1 direction.
So ye, no opportunity for a very large winner, but still a great 5R in 5 days with what I think are high odds.
18 September: USDMXN
Original idea:
Outcome:
I got kicked out early, as price was retracing alot several times before the rising wedge broke bullish.
Only got 1R out...
If I waited for 3 or 4 R before trailing my stop I'd catch the move.
Was hard to stay in this one I find, but maybe I should risk it, and wait for at least 3-4 R before trailing my stop.
Usually I do...
18 September: Dow Jones & Dax
Original idea:
Uh, another winner, I did not take the shot thought.
Hmmm ok great. Had a winner that would have almost entirely paid for my entire losing spree by itself (if I managed it perfectly and also went into the right indice which would not have happened).
Bummer. Had alot of winners at around the same time during that period I remember, then back to lose spree ^^.
---- Checking my log I had 15 trades that were trades I lost, missed, broke even, small winners. But mostly losses ;)
Going to fast forward or this post will never end.
- 1 exception I want to look at thought, from this idea:
Lost on GBPCHF, went the other way, then in an update Imentionned I went short GBPJPY
Stopped at the top then it went my way, very much. Pretty fun.
Also going to skip those recent yen pairs. USDJPY going down of course ahah.
CHFJPY and EURJPY, same as on the 5 september. I shorted vertical candles.
No waves, just a straight candle. And lost. Again.
I want to look at a complicated BitconnectCoin trade a while ago...
Shorting Bitcoin is not rewarding. Bears should be buyers too.
I don't recommend shorting it honestly, expect when it breaks down vertically, very short term trades.
I keep repeating this lol. For 1 year now.
No one ever listens so I'll keep repeating it.
It moves exponentially... So obvious. Bulls think they have discovered something...
So obvious it hurts.
What to learn here is (apart from that pennants work wonders), just set a buy order on a predetermined price,
and it will get filled by a vertical candle...
Have to short on Bitmex as a hedge or (*0) to be flat... Really sucks. Have to be around the PC. (Because bitmex is all in btc not stable currencies).
OR use Kraken/etc buuut if you use leverage and your stop gets ignored, go enjoy.
Great, by analysing Bitcoin, I have convinced myself once again that it sucked and I didn't like it. Not on my timeframes.
09 October: EURGBP & GBPNZD
Original idea:
Outcome:
No central bank meeting/release all week.
Is giving back 1-2 R on most winners to get 20R once in a while worth it?
YES! Well has to happen at least 10% of the time...
Those 20R are just insane. Arrr I feel like a pirate. Because I found a treasure.
Staying in a winner, nothing feels better. You just need 1 big winner and you are so done.
On higher timeframes think about the people that bought Bitcoin here and stayed in until perfect exit:
Say they're a long term trader. Let's try finding something that makes some sense.
Another example:
Well in general I have a whole lot of small losers, really tons of those, a few small winners (they are pointless, I need to keep trying to have as little of those as possible they really are pointless), a few ~5R, and the 10-20 or even more R is super rare but the rare time it happens my account takes a huge leap. Worth giving up some on 5Rs to get these huge winners once in a while. 5Rs almost feel as "meh" "they're just small winners that cancel themselves out with the losers".
MITHRIL, EXIT SCAM? JEFFREY HUANG ARE YOU OK? It's a free market and it will be ok if we go zero?
Where is the bottom?
Who selling this levels?
Is this coin ok or going to next exit scam?
1/5 from ICO price now
ECA Entry pointsNYSE:ECA
Retracement lines indicating what area's will be a good buy point. Most likely around 50%
Could be 33% if it consolidates there for awhile.
Wouldn't recommend buying at 66%.
Sell safely at $7.00.
FTSE100: NO DEAL BABY The technical side
The price has reached the EMA200 daily, key dynamic resistance for the continuation of the trend: an upward break would bring the price directly into the upper area between 7330 and 7520 points; a rejected, however, will return it to test the 6900 points.
The result of a " no deal " Brexit
In the last three sessions it seems that this second hypothesis is becoming the most plausible one: the fundamental scenario remains strongly bearish both for the English index and for the pound as for now the exit from the EU with a "No Deal", without agreement between London and Brussels, seems to be the most likely option. This will entail a series of negative consequences both at the bureaucratic and institutional level, but above all at the economic level.
Our target!
We remain strongly convinced that, if there were no significant changes, the target of the FTSE 100 from now to a month is the support placed at about 6700 points and in the short term will lateralize between 6700 and 6900 points.
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Apple TP target reached - take profit/tighten stopApple reached its take profit target. According to the strategy take either (partial) profits and/or tighten stop to the red dots in stead of the green dots.
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If you want to tryout the indicators and strategy, follow me and drop a comment or pm and I’ll get you set up.
Stay calm, and happy trading!
BTC Long Idea (With Stop Loss and Take Profit LevelsAll the extension and retracments of the elliott waves are based on fib numbers and patterns.
As ususal the chart speaks for itself as long as you know how to read sub waves and understand elliott waves and patterns.
This will likely play out if we do not go below the stop loss, but the time frame will likely take longer, I just shortened it so it could fit on the screen.
This is not finacial advise.
Long BTC (Good RR)We have completed the ABC for the first sub wave of btc , if you were waiting for a good entry point for a btc long now is a great time.
If we retrace more than 100% than exit your long (Stop Loss 3500) and then if you are long a good target would be at the 1.618 range (Target 5,000) over a longer time frame this should hit in about 2 weeks.
Happy holidays
Bitcoin wipe out.Bitcoin has met resistance at 4959.00 , but it is my unlicensed opinion that was due to limit orders and automated trades. Warren Buffet once called Bitcoin "Rat poison squared," and he is a very wealthy, self made man. He didn't become as he is through ignorance or stupidity.
Optimism is a wonderful trait that Bitcoin has hammered down on time and time again. If it is so delicate that a hard fork of it's main derivative , BCH, and an argument between what is essentially two men can tear even the supposed unbreakable support level of 5200 U.S.D. apart, it is TOO delicate to place much hope in right now.
Unfortunately the market is too young, too susceptible to biased journalism and panic , and has dipped to a point where it is nearing the pointless to mine point. At 6500 U.S.D. miners were operating at a loss. Unless it's all a tax deduction in China - however their economy works , the incentive to mine is based on the belief that it will repeat it's parabolic rise in late 2017.
No miners = failed effort.
Will Bitcoin become an antique?? Something to tell stories about to your grandchildren??
Things certainly look bleak at the moment.
**opinion**
I am not licensed , and write because I enjoy doing so , and because I see the market from a different perspective than the classically educated broker or financial analyst.
That said ,Bitcoin is very reminiscent of the .com bubble. Not all crypto - but the highly overvalued one people still call a flagship.
XRP is QUICKLY regaining it's losses. The same can not be said for Bitcoin.
Long play BAT dailyWe’re in the long for BAT daily since the long setup triggered at trade (1). At (2) we took partial profits (off the 4HR chart signals), and reinforced the position at (3), following the re-entry signal strategy. We’re now at resistance (4) and a weak overextension signal. The red line is where we placed our stop according to the 4HR chart.
We have a medium overextension signal at resistance. Looking for the signal to become extreme (red) and for reversal candles following. Let’s see how it plays out..
If you want to try the indicator out, follow us and drop a comment and we’ll get you set up.
Like and subscribe if you enjoy our work!
Stay calm, and happy trading!
Trading Entry and Exit ChecklistsSELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
Trading Entry and Exit checklists
Over the past 18 years of trading, it has been a crucial step in my development to constantly critique myself and my trading strategy. I constantly monitor my performance on a daily, weekly,monthly,quartley and yearly timeframe. Listed below is a small simple example of some of the checklists that i have used in the past prior to entering and exiting a trade.
Entry Rules
1. Is the stop loss placed past the strongest support or resistance line?
2. Am i following my trading rules?
3. The risk/reward is acceptable
4. Have i double checked my entry/stop loss and target position?
5. No news announcements that will affect my trade?
6. Bid/ask spread - Is it in normal range for this pair, this session, this time?
7. AM i risking more then my agreed 1%?
8. Correlation - AM i trading against myself with already open trading trades?
Exit Rules
1. Has the market behaved as predicted? If so stay on track
2. Has the trade reached the support or resistance line?
3. Has the stop been placed too far away? or to close?
4. Am i exiting to early?
5. If unsure of trade exit immediately?
6. If i was impatient and entered trade exit immediately?
7. Is there an upcoming news event that will affect my trade?
8. Is the trade changing directions?
9. Don't take profits to early!! Are you exiting before your target line?
How has yours differed? is it similar?
Where ETH is heading. Full Technical Analysis ETH Entry ExitETHEREUM PRICE ANALYSIS & TARGETS
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“Buy the Rumor and Sell the News"
“Buy when there's blood in the streets, even if the blood is your own."
Are you following above statements?
If not, please follow - that's what will make you a good trader.
Before we continue, keep in mind that ETH is 2nd in Marketcap.
Vitalik is SMART. He will be coming with huge updates and surprise.
ETH has touched 890 few months back, but at this price is GOLD, if you are holding for few months.
In case of ETH, when it bottomed to 167, i told everyone grab it, its the best price. In a matter of 10 days we got a whooping profit of 61%.
ETH currently moving in sideways from last 12 days with an avg. profit of 11%.
As on date ETH is surrounded by some negativity in media streams, I never focus on these news, because next day they will publish its opposite. Believe in FA of ETH. Its very strong and new updates are on way.
Ethereum’s core developers held another meeting, Aug. 31, to further discuss the world’s second-largest cryptocurrency network’s four-stage development plan–including additional details on the Constantinople hard fork and Casper.
Key points
ETH price above 61.8
Entry btw 200-204
Targets 232, 248, 255, 298, 337, 366
Stop Loss 195
RSI 51 is key level, if it breaks up - price will go high.
MACD we will see red over blue/green overlap.
Once you take entry make sure to book profit at current levels.
Now what if price goes up.
If price croses above 232 next targets will be 248, 255, 298, 337, 366
So keep an eye on RSI & MACD.
EMA 21 is acting as resistance, if we break its good.
If you liked this analysis, make sure you click like button and share with your friends and dont forget to follow me.
Take Care
Zia @open4profit
You may see little bit price drop to 204.
Need to exit for now just to be safe... We entered the market as Bitcoin has shown good strength based on our trigger. However, at the moment, you could say that Bitcoin's momentum is stalling... The stop loss line is our defense in case the price goes against our way. However, I'm not saying Bitcoin is losing strength. I'm just saying its stalling... Either way, it's better to stay on the sidelines... if your not sure, it's better to stay out...
You may be wondering why I have upward slanting line for stop loss. Well, I'm a big believer of controlling your risk:reward ratio rather than trying to increase your prediction accuracy. In my opinion, you'll have better control on how you manage your trade, rather than searching for a system that's similar to a crystal ball.
Hence, that upward slanting line is sort of a "time limit' for my trades... If the price doesnt behave as expected, then it's better to stay on the sidelines...
Hit me for a private chat if you wanna know I trade or you want an easier trading strategy...
BTC Enter and Exit Indicators These are a set of strong trading signals that can be used for entry and exit points. I have used Bitcoin as my example as it clearly shows strong entry and exit points. Please look at the graph and indicators carefully as it can be hard to follow.
The way it works is that a confirmation buy or sell signal happens when all 3 indicators cross over their respective boundary line. Once all 3 have crossed over or under their respective lines it almost always shows the direction of the new trend.
So breaking down the indicators:
Commodity Channel Index (CCI) Inputs: (75,OHLC/4)
Stochastic (Stoch) (20,3,3)
Chande Momentum Oscillator (8,OHLC/4)
(ChandeMO)
The conditions is that all 3 indicators must cross over their respective lines at the same time. For a Buy Signal:
1. ChandeMO must be below and is crossing above the 0 line
2. Stoch must be below the 25 line and has crossed above it
3. CCI must (should) be below the -100 line and cross above it
Buy security when all indicators have closed above the line
Sell Signal:
1. ChandeMo must be above the O line and has crossed below
2. Stoch must be above the 75 line and has crossed below
3. CCI must (should) be above the 100 line and cross below
Sell security when all indicators have closed below the line
In extremely volatile markets and securities, the indicators fail to be very reliable as can be seen with the earlier sell line (red line) for BTCUSD. This is not a definitive trading signal but is good entry and exit guide.