Support Hit 💸 Bear Trap 👿 $40K In A Week ◀️Support Hit 💸 Bear Trap 👿 $40K In A Week ◀️
"Look someone opened a huge short... Oh, he was too late."
KEY POINTS:
- Bears Are Tired: Multiple Bullish Divergences On RSI
- Bulls Are Still Energetic: Higher Highs on RSI
- Historic Invincible Support Hit
- Dumb Money Opens Shorts (At Support...)
- Smart Money Bought The Dip
- Psychologically Tempting Target: $40k
- Funding Rate Favors Longs
- Excellent RRR: 400%
🌌 OUR SIDE:
POSITION: Long
LEVERAGE: x10
ENTRY: $32 000
STOP LOSS: Daily close below $29 900 and staying there for six hours
TARGET: $40 000
Leverage
#Bitcoin Overview 6.18.21 7 min video nice & shortHolding and bouncing off the "line in the sand"
U need exit points, to get out and know where u are wrong
if you guys are playing in the leveraged Casino houses
To elevate wild speculation into something akin to smart Trading
Protecting your stack/ collateral is paramount.
IBM S/R Battle!!Hello Community!
When looking at IBM we can see it clearly trading at the top of the triangle shown on the weekly TF. This has been a powerful rejection area in the past. We have to also take into consideration the more a S/R zone is tested the weaker it gets. The MACD is beginning to tick down and the RSI is showing overbought. I can see a rejection happening from here, which would be a great place to start a short with a tight stop-loss. If entering a trade don't forget to use a stop-loss. Don't trade with what you're not willing to lose.
Love it or hate it, hit that thumbs up and comment. It'll be greatly appreciated!
This is not financial advice.
Safe Trading. Calculate Your Risk/Reward & Collect!
Simplicity Wins (
GNW Beautiful Triangle!Hello Community!
When looking at GNW we can see it clearly trading in a triangle on the weekly TF. We need to pay close attention to this pattern and watch to see how it reacts to the trendlines shown. Overall, this is usually a bearish setup but anything can happen in the trading world. Based on the technical indicators, it's looking bearish for the next week or two. The MACD is beginning to tick towards the red and the RSI is forming a lower high. I can see a retest of the lower trendline in the near future, which would be a great place to start a long with a tight stop-loss. If entering a trade don't forget to use a stop-loss. Don't trade with what you're not willing to lose.
Love it or hate it, hit that thumbs up and comment. It'll be greatly appreciated!
This is not financial advice.
Safe Trading. Calculate Your Risk/Reward & Collect!
Simplicity Wins (:
Statistical approach to risk management - Python scriptThis script can be used to approximate a strategy, and find optimal leverage.
The output will consist of two columns, one for the median account size at end of trading, and one for the share of accounts liquidated.
The script assumes a 100% position size for the account.
This does not take into account size deviations for earnings and losses, so use with a grain of salt if your positions vary greatly in that aspect.
Code preview
cdn.discordapp.com/attachments/592684708551327764/848701541766529034/carbon.png
TradingView does not allow posting external links until you've reached a specific reputation, so i can't use the url feature
Input explanation
WINRATE : chance of winning trade
AVGWIN : average earning per winning trade
AVGLOSS : average loss per losing trade
MAX_LEVERAGE : maximum leverage available to you
TRADES : how many trades per account you want to simulate
ACCOUNTS : how many accounts you want to simulate
the inputs used in the source code are from one of my older strategies, change them to suit your algorithm
Source code
pastebin.com/69EKdVFC
Good luck, Have fun
-Vin
Whats Next For Bitcoin...By running a Stochastic through Inphase-Quadrature frequency transform and smoothing it with ZLSMA (Zero Lag Least Squares Moving Average) we can get a good picture of the current position of Bitcoin. It appears BTC has nearly finished consolidating its low point and should be bouncing up in to a bull trend. The chart above and below is using macZLSMA from multiple timeframes including monthly, 2 weekly, weekly, daily and 12 hourly. ZLSMA is an excellent tool to find early trend directions/pivots. It does look like bitcoin is making its comeback but we can not forget that BTC is in a heavy down trend and the road out is a rough one full of pumps and dumps.
One thing is certain and that is the institutions will be dumping on bitcoin soon as there is any public momentum to get on board. Institutions have been having a field day scooping up the positions from traders with excessive leverage and short stop-losses which in turn pushes the price down harder.
To get around this margin traders can easily find tops and bottoms on longer timeframes such as the 2 hour and ride them with 10x leverage for 8-12 hours. A strategy like this means traders can trade both directions with the trend (short and long) regardless of what the institutions are doing.
Be prepared for lots of dumps in the future and don't forget to take profits along the way. Using an oscillator such as a Stochastic RSI on the 3 hour chart traders can see dumps coming, exit their longs and enter a short, betting with the institutions snatching up the positions they were hunting.
Happy Trading.
#BTC triangle updatejust a quick update on the previously posted idea
My spot bags have been filled nicely & we have seen good follow from BTC
all looks good for now, I am gonna risk a long if we get filled at support
Spot bags I still have SL in profit at 31k
imo if we touch 30k again we won't stop there
#litecoin #LTCBULL token , 3rd buy of the day!!!Bought a HUGE tranche at just over a buck
My break-even is now around $2.20
gonna make a profit on this trade! Cmon, lol :)
please do not follow me on this trade... this is fun money for me.
attempting to BUY bottoms is amateur stuff... NO SERIOUS TRADER would be doing this.
#BTC #bitcoin #GODCOIN has a target for $70k inverse head & shoulders
( i may have mentioned that before)
and I delve deeper a give you 3 near price targets
a good roadmap for money management
@TheCryptoSniper
thank you FRANCIS for training my brain to see these without even having to draw them
(ONLY PRICE PAYS)
;)
BTC/USD - Weekend dumpDears,
You know the dump was in the night between Suturday and Sunday... When almost everybody rest...
You know there was a lot opened long-positions with strong leverages...
You know that happen when CME was closed. And you know I am not talking about gaps (I do not believe in gaps), but some CME contracts tonight could be settled...
You know there would be price movements tonight...
Which move to expect on Monday and Tuesday? I have my own guesswork, however, everybody should have their own...
Best regards,
Paweł
P.S.
Do not use high-leverages! Personally, I NEVER EVER use more than 6x.
However, if you are the Muslim, leverages are HARAM - as you just could see, for really good reason!
3 week strategy for DOGE to $1 T Market CapWhen dealing in a future's market
look for lengths of consolidation and see
what the average time is spent for those consolidations
this give "an idea" of how long the market takes to correct
-------------------------------------------------------------------------------------------------------------
In the case of DOGE
it looks (more or less)
every time DOGE consolidates (on the 2-day time frame)
it lasts about 10 Bars or 3 weeks
so....we have 3 weeks to work this market!
First we put a nice market order 30% of our position @ 0.36 USD (I always like to have skin in the game)
Place a limit order for @ 0.28 USD which is a 20% drop from Market Price with 20% of our position
- All the most recent bull flags in our bullish continuation pattern
have been supported by the 0.236 on the FIB RETRACEMEN
taken from the initial thrust of volume on April 11th, 2021 top the most recent top which is 50Cent (how cool is that)
********************I am assuming this pattern is a bullish continuation pattern which is the reason behind this trade*************************
(click the link to learn more about the characteristics of a bullish continuation pattern youtu.be )
Last but not least a limit order taking up 40% of your position @ 0.12 USD
Then We Play Futures
for DOGE,
SHORT the price down to the 0.618 (0.12 USD) with 10x leverage using 10% of our position
Since the position closes at 12 cents (-62%) , a 10x short leverage means we get 620% gains
Stop Loss ratio is at a 1:1.5 ratio (Risk/Reward) but feel free to use your own R/R)
62%/1.5 = 41% stop loss = a 50CENT DOGECOIN (how cool is that)
10% position is liquidated
NOW.....
THIS PART IS QUITE COMPLICATED but if you plug in your own numbers you might see it more clearly
the 40% market position has now gained 41%
( 20% position from the limit order at 28 cents could possibly add another 60% )
WE WILL PRETEND IT DIDNTT HIT - this is a worse case scenario
60% of that profit (the 41%) was forfeited from the SHORT which <<<<
leaves 40% left <<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<
40% = 16% gain from of initial investment of the market 40% position
and is also the worst case scenario besides DOGE to ZERO <<<<<<<<<
Because these are special times and life changing moments
(BITCOIN BULLRUN coupled with #Wallstreetbets meets TikTok
we are able to sit and make trades and take profits for insane gains
ALL MY PAPER TRADES WILL HAVE A GOAL TO 200X THE INITIAL INVESTMENT
A market buy has a SELL ORDER IN PLACE at $75 DOGE which is a 200x from market price
the limit buy at 12 cents would have a sell order at $25 which would be 200x from limit price
The 6x that was caught on the way down
could be thrown on 12 cents as well that would be
making your sell order at 200x a lot sooner than $25
Do the math, plug in some numbers
hope you find this useful
DISCLAIMER _ NEVER FINANCIAL ADVISE
This gives me experience on trading futures markets whether I'm right or Liquidated.
Its a very risky probability and because of that
I only use 10% of the position of the total amount I want to buy
After our short is complete a limit order should trigger at 0.12 USD for a 40% lump sum purchase
plus 6x your 10% which is now 50% of your whole position to do what one desires
selby_exchange - Selby Margin Trading Rules v1.1Selby Margin Trading Rules 1.1
1.Trading Working Hours: 01:00UTC Monday thru 21:00UTC Friday take off all weekends and holidays. Only begin margin trading after 30 minutes of reviewing all instruments and timeframes.
2. Margin Forecasting: Charts are built on the 11/15min. using data from Heikin Ashi candle wicks. Identify entry/exit on the 1,2,3min. chart using moving average crossover intersections based on the Fibline Glance indicator set to: 100,100,0.1,40,0.1
3. Risk management: Maximum leverage on any position long or short is 70X. The position size should be based on weekly "working capital" and not total life savings. Formula for position size is a 5X position can use up to 95% and a 70X position can use up to 30%.
4. Enter limit order long/short and then set limit exit to take profit (TP) at the next short term Fibonacci level. Moving average crossovers in higher timeframes 14,21,33,48min. the 1-6hr. and 1day will confirm market direction for successful trade.
5. "THINGS TO AVOID" Greed - Bragging - FOMO
6. -2%-20% RULE: Always close negative positions. Look for a retrace opportunity to exit but if trade falls below (-2% on a 5X) or (-20% on a 70X) for more then 30min. set a stop loss limit order to prevent loss of time and a potential liquidation.
7. 60/40 Split: To maximize margin profit, stay out while awaiting confirmation of market direction, the entry must be caught at the Fib. Think/Chart 3-steps ahead, do not rush yourself into a position. Wait a few minutes between entry/exit. "3-Strikes" If you have three bad trades during the workday stop for 24hrs.
8. (TP) TAKE PROFIT: Cash-out at the end of the week into btc/fiat and pull 10% of net gains out of cyberspace forever. Work as long as you like on any day during the week, but remember not every day of the work week is always a good trading day.
Selby finding creative patterns in charts on Tradingview
Not advice for investing, but I am one to watch
Rebellion=Change=Future