BTC/USD Binance.US - This is why I do not use stop losses.. I must start by saying that I believe Bitcoin and cryptocurrency investing offers the greatest opportunity for the common man to build wealth to have ever existed in the history of the world. Yet, it is still an endeavor that must be entered into cautiously and with research if one is to be successful.
The Daily Chart for BTC/USD on (the pathetic excuse of an exchange) Binance.US, serves as a teachable moment that should not be ignored. This chart demonstrates that if you cannot go to sleep peacefully without having a stop loss in place then you may need to reconsider being in this game.
The traditional methods of trading securities that were used in the regulated stock markets of the world and which subsequently made a lot of the famous traders of old very rich, predated high frequency trading and algorithmic trading bots on these mostly unregulated cryptocurrency exchanges. Yet, these outdated methods are currently being peddled and taught by the get-rich-trading-crypto-gurus today as the "secrets to crypto trading profits", despite this being 20th century methods that will cause you to lose your shirt if adhered to when trading crypto. Any endeavor to read and learn about crypto trading will, almost without fail, lead to a regurgitated list of the same old trading clichés. One such example: the so-called number one rule of trading. Always use a stop loss. The number one rule of successful trading is undoubtedly to limit your losses. This may be true, but if you are doing that with a stop loss on an exchange then you are asking to be robbed. Yes, you have to know when to cut your losses and move on, but unfortunately, because of the nature of swimming these dangerous financial waters, the sharks in the crypto space will eat your lunch, steal your crypto at bargain prices and laugh as you weep over what could've been. The order books are open. Anybody with a desire to do so can launch a trading "bot" using an API on most any crypto exchange. If that person or entity happens to have enough capital to clear the buy or sell side of the order books of an exchange, then they are free to do so. Once this is done, your crypto is gone at a bargain price with the classic stop loss shake out. Which is why if I cannot hold it without a stop loss, then I don't need it. If a drop in price doesn't present an opportunity for me to buy more, then I don't need it. If I'm not confident that it will be around in 2-5 years from now, then I don't need it. To limit losses, set a price alert on Tradingview, CoinGecko, or your exchange watchlist. If you are afraid it will drop too much before you can act on it, or if it suffers from a lack of volume and thus has a lack of liquidity, then perhaps it's best to HODL or leave it be.
If you don't know what any of this means, then that could be a sign that you may need to do a little more due diligence.
Flashcrash
S&P 500 index Rising wedgeS&P 500 is forming a rising wedge which will be a nasty drop in all markets if it plays out. I will be looking to buy the dip, but im going to wait till I see a proper bottom forming. With covid, all the money printing and the general boom we have seen in the market lately, a correction is due (might even see a flash crash).
This may also affect the crypto market
What If? There Is A Possibility We are set up almost exactly like the flash crash we had in March of 2020. If we retested the previous cycles all time high of 20k we could still still consider the move the C wave of wave 4. It kind of would make sense for the big players. There isnt enough volume or confidence in the overall market, and we wont continue this sideways chop forever. We need a deep correction to end the 4th wave. Buying demand would also be huge at the 20k level and we would likely bounce hard from there. Even though this may be far fetched, I think it has a real chance of playing out. Let me know what you guys think.
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2021 Flash Crash is Coming Historically September and October have been very dangerous months for the Stock Market and combining that with Fibonacci numbers and moon cycles you discover that there is a moment in the future were all of it comes together for one glorious ball of fire. Sept 27 - Oct 8 Perfectly aligns with all of these coming together. Not to mention the excessive amounts of leverage, liquidity and stimulus all drying up at the same time. Buckle up is is going to be a wild ride.
Bitcoin crashed.!!!!! The bull Market support band should hold.Hello Traders,
It was quite a shock yesterday but you shouldn't have been worried if you are following my chart properly. As for those who are new trust me, believe me when i tell you something important that no one would. You don't have to fear anything. Don't get scared of this slight pullback. Look at the bright side you weren't fallen from $64k but just mere $52k with 20% correction. Absolutely normal. You could have easily recovered the profits if you had a backup money which you should always have regardless of the bull or bear run.
So now arises an important question. Where to from here?????????
Fundamental Analysis :
If history has been any indication then we are right on track and we must carry our journey forward. But you have to know its september. Crazy things must happen this month and we have got three major dates for you.
!. On 13th-14th september depending on your timezone we have CPI data coming. A very important if you must know. (April 15) A high CPI is good because crypto loves inflation
2. On 21st-22nd september we have annual meeting of FED's. Some say we might get an idea about taper from there. If taper happens this year then you cant stop this rocket from going to the moon
3. We also should mark those dates when options are expiring. One such is on september 21 and one on last week of september. Do keep that in mind.
Technical analysis :
1. Charts are looking bad tbh but we have good news. No new shorts right now.
2. Fear is back in the market which is good opportunity to fill your bags.
3. Now we must hold bull market support band around 42-43k if we don't then maybe bears smell blood and will attack right away. Even i will join their party XD
4. 42.5k, 36k, 35k 31k, some major resistance to watch out if we break to downside.
Or at the end we all are in a bull trap in the mercy of institutions, financial cartel, big banks, IMF etc
Till then do not trade. Just accumulate with no leverage
Happy trading my bears and bulls
Regards
Dante. An artist of crypto.!!!
Reverse Repos - Cross All Time Highs @ 1.183 TrillionNot a Fan of Drama(s). Consider this antithetical to Drama.
Safety, a great deal of it is being bought in Size.
Both, The Federal Reserve and the Unites States Treasury are removing
it at a rapid pace - Liquidity.
This would appear counter-intuitive as the Equities Complex continues
to make ATH after ATH.
_____________________________________________________________
From November 2019 to February 2020, the exact same pattern repeated.
Liquidity was removed, Banks tightened lending. The rest is history. It does
indeed repeat.
Then as now, Margin Debt had exceeded prior Highs, everyone was in and
heavily leveraged LONG.
The Put/Call Ratio had reached an extreme LOW. Complacency was abundant.
Market conditions then, as now created immense vulnerabilities.
The potential for a FLASH CRASH had never reached this extreme then. As for now,
the potential has never been higher.
Sentiment plays an important role as well... Confidence in the everything. Not simply
Stock, but our arrangements in every manner.
These are horrific at best, by any metric.
______________________________________________________________________
Charts are not the end all be all. February 22, 2020 should have taught everyone this
simple edict. Accidents happen and although they may "Appear" in our Charts, there
is something FAR MORE IMPORTANT and that is the underlying Fundamentals.
It is more than fair to suggest the Federal Reserve can and will provide unlimited
support to the Equity Complex, Bonds, Real Estate, Money Markets as well as
support Fiscal Malfeasance by our Government.
To a point...
Global Equities look terrible, there is an accident ahead, a large and insidious event
that will arrive unannounced and undo what has been done at surreal expense.
It has been a long time - An extreme divergence between US Equities and Global Markets.
A large and important drop in Asia's Equities Markets implies a contagion is developing and
with it a hyper selloff in global equities.
Divergences within our Equities Complex have NEVER been this extreme.
It is referred to as Capitulation, not by you or I - but by Global Central Banks under the
direction of the BIS.
________________________________________________________________________
It is near.
Extreme Caution is warranted in everything.
There is no date, there is no time to project, A day, a week and even a month.
That said, when it arrives, gains will be lost and then some.
Everyone appears to be "Anticipating" this correction. They Hedge and become
fuel for the next squeeze of protection.
This is all that is driving this market now, nothing more other than the need
for a higher Fill.
It is be design and plan.
____________________________________________________________________
Cash is a position, it is an exceptional one at times when one is confused or
inexperienced.
We are preparing for it now.
xoxo - Hunter Killer
XAUUSDA very cluttered chart but it paints the necessary picture, we've seen that flash crash on Gold this past Monday and a lot of traders feared buying because they believed price will trade higher, but we had so many confluences to go. Now we see price retracing towards the Relative Equal Lows it failed to break for almost an entire month. It is pivotal to watch how price reacts to this level if we break 1800$, we'll see bulls showing their strength by breaking confluent resistance area. We have the descending channel around the 1800$, we have the important fib levels that are key reversal areas (OTE) as well as those REL (relative equal lows). There's a key level there (look left, previous higher low) and we have the average closing price hanging around there.
The 1800$ area is a pivotal one, all the confluence in the world to go short at this area, we have DXY reaching a support zone as well. Trade with caution, have wide enough stop loss to not get hunted but also keep in mind risk management if you do decide to sell.
Take care, do me a favor and hit the follow button, comment your analysis I'll give each and everyone a like and feel free to correct any errors you may see in my analysis. I am open to constructive criticism.
Kind Regards
APFX.
XAUUSD - Return to 2021 LowsA simple set up on Gold here. I am anticipating a drop down to the low of the flash crash we experienced at the beginning of the week. The 1680 region is the low of 2021 which was visited twice in March.
Price appears to be holding under the H1 200 EMA at the current area of support/resistance (this are is more evident on the H4 timeframe) and so i anticipate a drop.
This set up offers a nice R:R with stops placed above the 200 EMA. Hopefully a strong dollar can push us down!
Gold August 2021 FlashcrashGoodmorning guys,
What a night. After gold lost more than 900 pips in an hour, gold pared its losses back to 1750.
We have 2 scenarios in play; either bears want bearish continuation and want to test the monthly bullish trendline that goes back 3 years ago, or we have a big a$$ W-formation targeting new ATH.
Not a great setup to trade and too risky for me, so I am taking a little break to see more confirmation. There is always another day.
For now 1750 seems broken and acts as resistance. Trade safely.
Market DislocationsAsset Bubbles
Political Events
Natural Disasters
Bankruptcy
Flash Crashes
The perfect cocktail exists currently as all of the below are relevant:
Asset Bubbles - Valuations are distorted by any Metric.
Political Events - Uncertainty continues to build.
Natural Disasters - Warnings on many potential Events.
Bankruptcy - The Federal Reserve is buying JUNK.
Flash Crashes - 1962 & 1987: Fear feeds upon itself.
Leverage only serves to create exponential Risk on the downside
as Volumes are outsized.
Both these events had immense support, the Fear overwhelmed intervention.
XRP 3 Year Old Support Zone Has Been Finally Back Tested As BTC corrected as it suppose to, it caused a sudden and quite unexpected flash crash across the market, followed by another accumulation that took us slowly even lower with altcoins. Lots of people got shaken out and over leveraged accounts liquidated. For those who made it out alive ;), expect the green days to come. That is of course if btc goes up, which it probably will.
With that sad, XRP is forming some kind of a bullish flag after that correction which meant a successful back test of a support zone that held us down for almost 3 years. If we break above that flag we still may consolidate in a $1.2 - $1.5 area imo. before a final blow of top which could take us to a $7-$11 area respectively. We have also managed to stay above orange rising trend line, which is a great sign that buyers are stepping in.
For all of that to happen BTC has to give us an clear indication of recovery and i am very optimistic that it will. If not, we may go down a bit or at least go sideways with XRP.
I am not a financial advisor and non of this is or should be taken as a financial advise. Have a great day.
BITSTAMP:XRPUSD
Are Bitcoins days over? Good afternoon, from looking at this chart of BTCUSD it can be easily depicted that bitcoin has been losing bullish momentum. It just tested 57150 resistance and got rejected. If unable to break, a downturn to 40k is reasonable. The area where the two trend lines intersect will be a dangerous area to fall into. There is also a downward curve forming.. let the chart tell us what the next move will be...
Easter hockey stick - BTC Monthly 6 Green Candles Easter hockey stick - BTC Monthly 6 Green Candles
We have not had 6 green months in a row for a long long time.
Everyone says April will be great - everyone is always surprised.
Flash crash incoming.
$BTC/USD BEFORE ATH!!! FLASH CRASH INCOMING FOR BITCOIN?Even though im bullish for the long term, there has been many social and economical events that indicate markets are about to be shaken.. Now the charts are telling that we are going to catch some demand orders a bit lower, any correction or impulse is in a straight line, so bear that in mind before placing your orders.
On BTC we have a bearish divergence with the price and the RSI (A bearish divergence is the pattern that occurs when the price reaches higher highs, while the technical indicator makes lower highs. Although there is a bullish attitude on the market, the discrepancy means that the momentum is slowing. Therefore it is likely that there will be a rapid decline in price.) While the DXY is showing a massive hidden bullish divergence on the monthly chart.
US DOLLAR MASSIVE HIDDEN BULLISH DIVERGENCE A hidden bullish divergence is when the price makes a Higher Low but the indicator makes a Lower Low, having said that..
Be aware on a sudden rise on the Dollar and a shakeout on other markets, maybe we could be talking about a flash crash here.
Remember the stimulus checks have been delivered and spent on bitcoin.. what the government gives is to take it back.
A guaranteed sensations basejumpingMaybe bears were right about 41k target, but not until now at least.
Let's take this crazy flash dump bet.
Trade safely don't engage recklessly be ready to lose these funds.
I'm using only a part of what I won during the last bull run idea and stop closing accordingly.
This is the way,
Cheers !
Stocks Back to Highs! Will they Breakout??Stocks had a little flash crash that was immediately bought back up. Currently, the S&P is sitting at highs. After a crash like that it was lucky to get bought back to highs let alone break out again. The Kovach OBV has run out of steam and is flat at current levels. This is not a divergence quite yet, but it does suggest stocks should at least range a bit before another breakout. It could go either way at this point. Watch if the S&P tests and rejects highs at 3867. If it keeps rejecting highs, it will constitute a bearish signal. If we are able to breakout, 3887 will provide resistance and is our next target. Yesterday, 3792 provided beautiful support and it is no accident that this is one of our significant levels. It is a Fibonacci level and a technical level. Watch for it to provide support again if we have another dump
Red Lightning Dump May Be On The Horizon for BITCOINPerhaps we will test the bottom end of the mid-term trend channel bitcoin has created. Wiping out much of the hyped retail liquidity leveraging themselves on the exchanges.
BTC UPDATE - EXTENSIVE BUT SIMPLE ANALYSIS A resume of the idea: despite being very bullish in the long term, BTC may experience a "flash" crash in the next days, to retest key levels before taking off in the following weeks. Many key indicators are bullish (NVT for example), but they are longer term indicator. In the shorter term, there is a confluence of indications suggesting that BTC could revisit 9000 area before enjoying the results of the halving.
Hello, after weeks of sideways movements, it is time for watching at BTC from a different angle. I usually do not watch much at Moving Averages, but there is a very solid confluence of them on different timeframes.
The daily TF is on the main chart. BTC appears weak here, below the 20 and 50 MA and shily rebouncing on the 100. The 200MA, never retested properly since May, is at 9400.
The 3D is similar. 100 MA is at 9k and the 200 is at 8500
The weekly timeframe uptrend seems to to run out of steem after 6 months of run, as the SAR indicator is closer and closer. The 200 was already tested during the covid, but the 50 is at 8900.
The monthly touched the upper band of Bollinger but failed to brake out the SAR. The price still has to retest the 21 MA at 8800.
As you see, there are many timeframes, but all the values that need to be retested, and possibly act as a magnet to the BTC price, are among 8800 and 9000.
Since BTC is not showing any kind of strength, I believe a flash crash can happen or, in the worst of the cases, a consolidation to retest the 9k level that was never properly retested. The interval 10k-11k is still valid as an indication. Whatever the level that will be broken as first, it will tell us about the direction.
GOLDEN POCKET HIT ON BTC/EUR, WILL WE BOUNCE?ARE WE GOING TO GET A BOUNCE FROM HERE OR WILL THE USD MARKET PULL US FURTHER DOWN?
CHAINLINK WARNING !!!
For my chainlink bulls RSI on the 1h Chart showing a better BUllISH Divergence I know watching is Scary at the moment however i am noticing bullish patterns we may have found support in the fib region we are in if we break it we could be looking to retest 14.55 area...
hoping for us to follow up the 3.618 fib circle
its very possibly to drop to the 4.236 fib circle
TRADERS BEWARE BE CAREFUL
I Am Personally neutral for the time being later to night i expect to uptrend However does not mean i will be correct. comment questions will be more then happy to respond
