Proof of Human Trading on BTCUSDT (Not Just ALGORITHMS)In this update I will share a fantastic opportunity to understand human trading behaviour. First I will share the four levels of resistance that I am looking at. The levels can be used for the coming weeks to understand key price levels of BTC. However, for actual price projections, don't plan too far ahead. Even though we are in a clean rising wedge, I drew only candles until 3, 4 days out. There is soo much news recently that impacts the price of BTC, that TA becomes less sustainable for price predictions.
Now, onto the levels:
Resistance Level 1: 6650
Resistance Level 2: 8150
Resistance Level 3: 9200
Resistance Level 4: 10500
Look at how BEAUTIFUL these numbers are. They are all incredibly round numbers, which match perfectly to the levels of support and resistance. Computer scripts don't come up with these round numbers, humans do. You can see human trading behaviour at work here, along with human psychology. This is exactly where humans would put their limit orders, or where they will put price alarms.
-- So, How Do I Beat Other Human Traders? --
Think carefully about where you put your limit orders. If the resistance is at 9200, don't put your limit order at 9201 right above a huge resistance. Be smart, and put it at 9199 or even a little bit lower. This reduces your profits only slightly, while greatly increasing the odds that your limit price will be hit.
This also works for buy orders, never put those on round price levels. Instead, look for non-round numbers slightly disadvantageous to the profit, but very positive for your hitrate.
If you learned something today, give me a thumbs up!
- Trading Guru
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
About the links below:
20% Discount on Binance: Did you know that Binance introduced a new system where you can get 20% discount on your fees? Find the step-by-step guide on how to add it to your account on the website of 100eyes
Forex & Crypto Scanner: Nobody can keep track of all the pairs on all timeframes. This scanner works on Telegram and sends an automated message including a chart every time something happens to a coin. E.g. it can automatically detect areas of support and resistance, RSI Divergences, Fib Retracements, and more.
Pairs
Descending Triangle on ATOMBTC - Price Can Break Soon!We need to be really careful here on ATOM/BTC. A very clear descending triangle is forming here, giving us very bearish signals.
The intuition behind a descending triangle is that there is a support zone at the bottom, with multiple attempts to break the support. After every bounce, the bulls slightly decrease their power. At some point the bears break through the support zone , and will create a sharp drop in price.
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
About the links below:
20% Discount on Binance: Did you know that Binance introduced a new system where you can get 20% discount on your fees? Find the step-by-step guide on how to add it to your account on the website of 100eyes
Forex & Crypto Scanner: Nobody can keep track of all the pairs on all timeframes. This scanner works on Telegram and sends an automated message including a chart every time something happens to a coin. E.g. it can automatically detect areas of support and resistance, RSI Divergences, Fib Retracements, and more.
Recent success stories
Volatile Oil Leads to 20% Trade Opportunity [Sideways Movement]USOIL is in a temporary sideways channel here. Overall there is a bearish momentum on oil, and I expect on the higher timeframes this momentum to stay as we've not seen the peak yet on the issues due to Corona. The question though is, how do we profit from that?
Here you see a sideways channel, where the price is moving between bounds of support and resistance. We can use our bearish momentum to find great entries, where the price is temporarily overindexed. We wait until until the price reaches somewhere near the resistance and enter the trade. I put the stop loss directly above the resistance to minimise risk, and the take profit is slightly above the support to make sure we're out of the trade when many others start to come in.
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- Trading Guru
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Recent success stories
NEOBTC - Strong Hidden Bullish RSI Divergence [QUICK UPDATES]Hey all, the Trading Guru is back with another entry on a new series called 'Quick Updates'.
We can see the price making a higher low, whereas at the same time the RSI is making a lower low. This is a bullish continuation pattern where the divergence indicates the end of a temporary retracement in an overall uptrend. This could be a great moment to buy NEO and enter a coin that just started a strong uptrend.
--- What is The Quick Update Series All About? ---
I am starting a new tag (quickupdates) where I quickly share great opportunities based on TA for shorter timeframes, such as 4h, 1h, and 15m. It will not contain just a short explanation, in order to keep the velocity up and make sure you get to see the opportunities as fast as possible.
Follow me for consistent high quality updates, with clear explanations and charts.
Please like this post to support me.
- Trading Guru
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
About the links below:
20% Discount on Binance: Did you know that Binance introduced a new system where you can get 20% discount on your fees? Find the step-by-step guide on how to add it to your account on the website of 100eyes
Forex & Crypto Scanner: Nobody can keep track of all the pairs on all timeframes. This scanner works on Telegram and sends an automated message including a chart every time something happens to a coin. E.g. it can automatically detect areas of support and resistance, RSI Divergences, Fib Retracements, and more.
Recent success stories
ENJ Preparing For Another Bullish Rally [Support And Resistance]ENJ USDT Here is stuck between a few horizontal areas of support and resistance. Check out the chart to understand what the most important areas are right now, and which lines you should add to yours. The volality is high on ENJ for the 15m and to see this 15% opportunity between clean areas of support and resistance could be a fantastic opportunity.
On both sides of the closest support and resistance which I call level 1 on the chart, we can observe a second level zone that strengthens the view the that eventually the price will fluctuate between them. I deliberately added a stop loss below the second level support, that even if it does break through, we give the price some time to recover and be pushed up to the first level resistance eventually.
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Please like this post to support me.
- Trading Guru
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
About the links below:
20% Discount on Binance: Did you know that Binance introduced a new system where you can get 20% discount on your fees? Find the step-by-step guide on how to add it to your account on the website of 100eyes
Forex & Crypto Scanner: Nobody can keep track of all the pairs on all timeframes. This scanner works on Telegram and sends an automated message including a chart every time something happens to a coin. E.g. it can automatically detect areas of support and resistance, RSI Divergences, Fib Retracements, and more.
Recent success stories:
ICXBTC Needs To Fall Before It Will Rise Again [Don't Panic!]The price here will find support at three different levels. From the bottom up, we see first the support zone level 2 going far back. Then we have support zone level 1 a little bit more nearby, with a confirmation very recently.
However, when we look at the descending triangle we can see a negative momentum where the support is weakening. Also ICX seems to be in an overall downtrend. I expect that the top two supports will break, but that it will find true support at the Support Level 2, after which it will gain in momentum again.
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Please like this post to support me.
- Trading Guru
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
About the links below:
20% Discount on Binance: Did you know that Binance introduced a new system where you can get 20% discount on your fees? Find the step-by-step guide on how to add it to your account on the website of 100eyes
Forex & Crypto Scanner: Nobody can keep track of all the pairs on all timeframes. This scanner works on Telegram and sends an automated message including a chart every time something happens to a coin. E.g. it can automatically detect areas of support and resistance, RSI Divergences, Fib Retracements, and more.
RSI Bullish Divergence on QTUM BTC [QUICK UPDATES]Hey all, the Trading Guru is back with another entry on a new series called 'Quick Updates'.
We can see the RSI here making a higher low, while the price is making a lower low. This is an indication of reduced momentum, showing that bears are struggling to push the price down. This unsustainable push will lead to an increase in price by creating more momentum for the bulls.
At the same time, the price is hitting a place of horizontal support. This confluence of two signals at the same time make this signal very strong. I am feeling very bullish on this one, as we got an even stronger signal on an already positive streak.
This can lead to a great scalping opportunity. Don't expect huge gains here, but use it as a way to identify a short term reversal. You have to take into account that we're on the 15m timeframe.
--- What is The Quick Update Series All About? ---
I am starting a new tag (quickupdates) where I quickly share great opportunities based on TA for shorter timeframes, such as 4h, 1h, and 15m. It will not contain just a short explanation, in order to keep the velocity up and make sure you get to see the opportunities as fast as possible.
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!
About the links below:
20% Discount on Binance: Did you know that Binance introduced a new system where you can get 20% discount on your fees? Find the step-by-step guide on how to add it to your account on the website of 100eyes
Forex & Crypto Scanner: Nobody can keep track of all the pairs on all timeframes. This scanner works on Telegram and sends an automated message including a chart every time something happens to a coin. E.g. it can automatically detect areas of support and resistance, RSI Divergences, Fib Retracements, and more.
BITCOIN Will Have To Make a Decision Soon [TRIANGLE FORMATION]BTCUSDT Here with a perfect symmetrical triangle, which can go either way. We see both a support trendline and a resistance trendline, and the price is closing in on the final decision moment. Will the price go up, or will the price go down? Be warned, because sometimes these critical decision areas lead to high volatility.
The last option is that a decision is postponed, and that BTC will go into a BB Squeeze, lowering both in volatility and volume. Bulls and bears will wait on the sideline to go all-in whenever a decision is made, so keep an eye on any sort of sudden volatility or volume spikes!
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!
About the links below:
20% Discount on Binance: Did you know that Binance introduced a new system where you can get 20% discount on your fees? Find the step-by-step guide on how to add it to your account on the website of 100eyes
Forex & Crypto Scanner: Nobody can keep track of all the pairs on all timeframes. This scanner works on Telegram and sends an automated message including a chart every time something happens to a coin. E.g. it can automatically detect areas of support and resistance, RSI Divergences, Fib Retracements, and more.
Recent success stories
Keep These Two Scenarios in Mind While You're Trading GoldGold, the safe haven for investors. During the ongoing Corona panic we've seen a massive increase in the gold price. Now, since the markets got used to the panic a bit we've seen the first careful recovery of gold to lower, more sustainable levels. I present to you two likely scenarios
1) The bullish continuation. There might be news related announcements that suddenly strike fear, people will put their assets back into gold and the price will break through the top trendline. I expect the price in the short term to return to somewhere around the level of resistance.
2) The bearish outbreak of an old support zone. The support zone goes back to the last time gold had this price, which was around November 2019. A 6 month old support zone of which I expect will have a lot of power, but if sudden news hits us: either very positive so people pull their money out of gold and into the markets, or extremely negative so that people just pull out their money from basically everywhere to survive then this support zone will break.
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- Trading Guru
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Disclaimer!
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Recent success stories:
Don't Miss This Golden 10% Opportunity on the SPX500 What a beautiful opportunity here, let me walk you through the several indicators here that show we should enter a long position here.
1) The BB Rejections.
The price has attempted to go below the bollinger bands for four times earlier and every time it resulted in a significant rejection. The market closed exactly on another bearish breakout attempt. I expect the price to increase again after this attempt.
2) Support & Resistance
Prices are in a sideways channel at the moment, and we can see that the support zone has been hit. This has been an area where the price bounced twice before. Making us more confident the price can go up.
3) Confluence
We see two signals at the same time: confluence! Any signal becomes much stronger if you see multiple tell-tales that confirm the same idea.
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Disclaimer!
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Hypothetical UK Election Trade ...Election results come in...
(for which party will be in government). which results in a rise or fall in GBP
due to it's significance (in this instance it was seen as a good result and GBP rose).
-We know there is going to be volatility, so we can profit regardless of whether the
price goes up or down as when the price reaches certain points (A if price rises and
B if price falls) it will trigger a trade which will cancel the other one
-Can be executed on many pairs/ stocks if large results are due.
-Eliminates bias with OCO order.
--(DISCLAIMER) Set TP and Trigger point on major support resistance,
you don't want to trigger then go the opposite direction!!
Straddle Trades can be good for profiting regardless on where the price goes (in times of high volatility) and you could have made some good profits here, this could be replicated for trades such as EUR/GBP, Non farm payroll, US Elections etc... and are also known as OCO (One Cancels the Other) orders
EURNOK: Buy opportunity on the Rising Wedge.The pair is trading within a 1W Rising Wedge (RSI = 59.298, MACD = 0.080, Highs/Lows = 0.0000). Yesterday not only it made contact with the Higher Low trend line, but also touched the 1D MA50 (blue line). This indicates that the price has more probabilities to rebound towards a new Higher High. Our Target Zone is 10.400 - 10.500.
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EURCHF: Sell opportunity on symmetrical approach.The pair has been on a rise since the September bottom but 1D has turned neutral again (RSI = 45.114, MACD = 0.000) as the price pulled back on the 1W Resistance. So far it has found support on the 1D MA50 but this is far from comforting as we had the very same candle sequence in September - October 2018, when the price followed with a strong bearish reversal towards the previous low.
The RSI sequences are also similar so we are expecting an identical pattern, targeting 1.08150.
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AUDJPY: Buy opportunity on the 1D MA50.The pair has been trading within a 1D Channel Up (RSI = 55.246, MACD = 0.410, Highs/Lows = 0.0000) since the August bottom. Last Friday we got a rejection on the 1D MA200 similar to what happened in April, so that requires attention. As long as the Higher Low zone (green shape) holds, the 1D MA50 (blue line) should support then next Higher High on the 76.150 Resistance, which is our Target.
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CADJPY: Cyclical Long opportunity.CADJPY has been on a strong 1D Channel Up (RSI = 53.040, MACD = 0.280, Highs/Lows = 0.0000) since August, breaking above the 1W MA50 (blue line) but was eventually rejected near the 1W MA200 (orange line).
Looking back on the 1W chart this is a cycle that is repeated since 2006, with Death and Golden Cross formation marking it. At the moment the price is preparing an aggressive rise into a new consolidation zone (green Rectangle). This will most likely be marked by a Golden Cross. Our long term Target Zone is 89.000 - 91.500.
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NZDJPY: Short opportunity.The pair is trading within a multi year Falling Wedge with the whole 2019 year being a bearish leg/ Channel Down (RSI = 40.270, MACD = -2.190, Highs/Lows = -1.6579) on its own. The 1W RSI has hit the top of the Falling Wedge and appears to be reversing. We take that as a Short Signal with our Target at 66.375.
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EURILS: Further downside expected.The pair is on a strong 1M Channel Down (RSI = 37.575, MACD = 0.082, Highs/Lows = -0.1355) since the beginning of the year. We are expecting another test of the 3.7870 1D Support. Based on the RSI (despite being a bullish divergence) we are expecting a symmetric low outside the Channel. That should be the 3.7870 contact.
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