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DeGRAM | EURUSD long after consolidationAfter an attempt to break through the resistance of 1.19, the Eurodollar consolidates between it and the support of 1.183, I think that if the price does not go lower to the support of the global channel, and the retest, plus the global and local trends coincide, then a breakdown of 1.19 and further growth is possible up to 1.20 ------------------- Share your opinion in the comments and support the idea with likes. Thank you for your support!
Long
by DeGRAM
5
Revealing movement. Working with the indicatorRevealing divergence. Working with the indicator I analyze the market, absolutely any trader is interested in seeing in advance where the price of a particular currency pair or another asset will move. After all, his profit depends on it. To win, it is important to see Forex divergence on all timeframes In this article, we will understand the concept of divergence, and also learn how to determine divergence A divergence or divergence can tell us that the market is ready to go in the opposite direction. In other words, divergence should be considered the moment when the direction of price movement does not coincide with the direction of movement of the Forex indicator. Moreover, this can be observed both in the direction of the trend line and against it. It is better, of course, that the divergence occurs in the direction of the global trend. ------------------- Share your opinion in the comments and support the idea with likes. Thank you for your support!
Education
by DeGRAM
1
Crypto & Market Makers: how trends always reverse!The total crypto cap just fell out its rising wedge which means the market is in for a correction! Like I said at the start of the week, there were too many green days stringed together in cryptoland; which only means one thing: a correction is coming! Be aware of the market maker! Now let's have a conversation! We just came out of an insane run to the upside which many people believed Bitcoin (and alts) would go straight to the moon! Let me tell you something: the chance of such a scenario is zero. Why? Because (like I said) these markets are MADE by market MAKERS. If they let cryptoland run only run up without any retraces or corrections; they lose money. Are they in this business to lose money? No, they are not. They are not some sort of charity organization, quite frankly the opposite. This means that every time you buy or (even worse) place a leverage trade; they are on the opposite side of your trade. That means for them to make money, they need to bring the market to the opposite direction of where you think / want the market to go. Like I said earlier this week; BTC longs are at all time high; that means Bitcoin can never go the moon, impossible. Why? Because the market maker would lose money and guess what? They never lose money because they have enough liquidity to compete with Elon Musk, Bill Gates and George Soros at the same damn time. How market makers always win. So how do they work? Very simple: they use price action to trigger your emotions; equivalent to: Bitcoin to the moon or Bitcoin to zero. They run price in any of those directions, get traders committed to a move and before they know it reverse the trend in the opposite direction to bag THEIR profit. This what they do over and over and over again - and as longs as people act like people - they will win this game over and over again. How to trade with leverage So whats next? Well, first off; the market is likely to hit the liquidity box as seen on the chart. This is because the liquidity is there. What is liquidity? Liquidity are people's stops or liquidation points. Market makers will hunt those areas and that's why I never put a stop loss (in loss!) but monitor my trades in real time and close them when they are about to turn against me; like my last ETH trade. To be profitable with leverage you run a sum zero risk game, when in profit; trail your trade with a stop loss in profit or manually close it as soon as there are even just the slightest indications of price turning against you. Like I say in my bio: you do not hunt for maximum profit; you trade for maximum consistency of profitable trades, even if its just a couple procent. That said, if you want to be consistent in profit without staring at charts all day? You buy fundamentally strong coins at bear markets lows or DCA during bearish times, then you hodl until you see bull market mania. That's where you DCA OUT OF THE MARKET and wait for a bearish trend. Rinse, repeat. In general, only trade with money you can lose and never, never, never, ever sell a hodl portfolio at a loss. My own first chunk of a Bitcoin was bought in 2017, missed out on the top and hodled throughout the whole bear market and was sold at 64K 4 years later. (Why I sold there you can see with the analysis I made of April 14 linked below) The state of the current crypto market For the long term the crypto market is very bullish! There is no doubt in my mind about that. However we need to have a close look at how this mini bear market turns out. The runup of last week was unlike other runups with the RSI clearly breaking out of the bearish trend on the daily timeframe. However; the weekly and monthly time frame are still waiting for a confirmed bullish reversal. This is why I said at the beginning of the week that if you missed out on this latest move, accept that you missed out and sit on your hands. I have to admit that I missed it too as I'm trying to enjoy summer a bit after a winter full of trading. What I did do is hedge my risk; which means that deployed 20% of my stable coins into coins that I deem to be underpriced and I have 80% still waiting for the bottom of the current correction or possible the bottom of the bear market. Now, I will have some drawdown on that 20% of my portfolio in the coming week or two; that is likely but it is not a problem as I am 100% sure that those coins will at least 2x my buy in price in the coming year or (at worst) two years. Support zones to consider There are a few key support zones to consider; first the bullish support zone at the golden pocket. Staying around or above these levels for another week will most definitely lead us into more bullish action. Secondly; there is the liquidity zone; the preferred zone to take the market for the market makers; this is the most likely support zone. Thirdly we have a bearish support zone below that; even there we have a bullish scenario if we hold support at the bullish trendline. However if we break into the box or below our lowest low (dotted line) we might very well be in for more pain! Lets see what the weekend and the coming week bring us... Good luck to you all and trade safe! IMPORTANT: this is not financial advice, trade or invest based on your own risk and research.
CRYPTOCAP:TOTALShort
by cryptobullethbtcxlm
12