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XRP - bearish theory ..Long term overview. higher time frame patterns and potential cycles. This chart simplifies overall concept of where we can properly assume smart money to be making heavy plays. XRP has stood the test of time. As long as the bulk of long term investors into the ripplesphere don't suddenly this could still be the best rythmic asset for long term over all gains. The bullish representation of XRP on the same htf charts looks just as delightful to know you could likely hold long term positions in any direction. If you have thoughts feel free to drop a comment. I can only go by what i see. What do you see?
BITSTAMP:XRPUSD
by Explicit-Mentoring
3
Linear Regression "Short" 🔻 Bearish Divergence, Overbought RSILinear Regression "Short" 🔻 Bearish Divergence, Oversold RSI 🔴 KEY POINTS: - BTCUSD BTCUSDT Price is extremely overbought - Price Action hit Linear Regression Technical Resistance - RSI shows strong Bearish Divergence - Chart Pattern: This Technical Indicator Variation worked 100% in the past Don't forget to bookmark this page for daily updates! Join our groups to gain access to additional ideas and exclusive updates.
BITFINEX:BTCUSDShort
by Elysian_Mind
6
Current view on JMIA. Relevant levels and structuresToday, we will speak about JMIA. Let's check the main items we can see on the chart. a) The price has broken a huge descending Wedge pattern b) As usual, after the breakout of this type of structure, we can observe a retest or consolidation close to it. c) In this case, we are observing a consolidation between 34.00 and 27.00. It's possible to observe a new local low on that range or a range between the specified price levels d) However, the most important level we are observing right now is the activation one. (Green horizontal line at 34.80) e) If the price reaches it, we expect a continuation of the bullish movement towards the next resistance zone at 48.00 f) Pay attention to the horizontal yellow line as a possible inner resistance zone g) If the activation level is reached, we expect a resolution between 20 to 40 days h) Of course that if the price keeps falling, we will cancel our view. Also, if the idea is activated, our invalidation level is below the consolidation structure. Thanks for reading!
NYSE:JMIALong
by ThinkingAntsOk
2
Bitcoin - Intraday (1H TF) UPDATE (continued growth) BTCHello everyone A small addition to the new position. Yesterday's short worked up to the specified level. As expected, the level of 34420 was held, and we opened long positions to this range. At the moment, we are trying to work with a small short position, because (probably most) we have completed the 5th wave of growth to an important level. The following way should occur the correction of the ABC wave. But if you look at the chart on a large timeframe, I expect an impulse growth. up to the 37500 mark You can use your trading system, and do not listen to my review. Trading statistics: 27 profits 3 stop loss. All information for checking these positions is provided in an open form. As well as completely my entry points, targets, stop loss, and all my actions, you can also watch in the "online" mode" Do not forget, there are always mistakes in trading, there were and will be. I just point out my actions and what I would like to see before continuing growth. If you have any questions, or you do not agree with this, write your comment All the best Trade wisely, and let the profit come with us.
by CryptoJaegerB
9
BITCOIN INTRADAY (1-HOUR TF) Update BTCHello guys. A small update - now we are trying to catch a small short, where we will look for a support level from the 34100 and 34420 marks to open a long position. Yesterday's review brought us another +3 take profit to our wallet. I will not describe much, everything is indicated on the graph. Position statistics: 25 profits 3 stop loss I can provide each position and confirmations. Since there are those who want to check the statistics, write to me in personal messages. We are looking at the level of 38850 - at the moment it is one of the key levels May the profit come with us.
Long
by CryptoJaegerB
2
Surprise Short 🔥 Bulls Are Alive, But Sick 🩸Surprise Short 🔥 Bulls Are Alive, But Sick 🩸 We still believe in our previous Ideas. We believe in our channels and RSI signals. And that is why we bet on this short before going for Target 2 (See our previous Idea) KEY POINTS: - Volume Is Low = Channel Holds - Price Action Is At Resistance - Target Is At Channel Support - RSI Favors Bears Leverage: x1 Entry: $36 500 Target: $33 000 Stop Loss: Daily close above $41 000 + 6 six hours
BINANCE:BTCUSDShort
by Elysian_Mind
5
Bitcoin - work on the previous scenario (Intraday 30m TF) BTCHello As always, a report and an addendum. Yesterday's mini-review worked properly and was crowned with success. You can see the result in the previous trading idea. 2% risk management Now we have opened the long again from 33200-33250 the target pointers are shown on the chart. Stop for the green block of the buyer. Statistics 22 positions with profit Loss - 3 stop loss. The results are pleasing. I can provide everyone with the entire trade report. At the expense of the review, I can assume that there will be a triangle with a preload to the upper border, as well as a return of the price to the sheii zone, where we will test the resistance zone. And I expect an impulse price movement. We'll see. There are NO guarantees that I am writing, this is only my review, and my vision for the market. Trade wisely. May the profit come with us.
by CryptoJaegerB
3
Bitcoin - Intraday Trading (30-m TF) BTC Long to the neck area? Guys, I am writing right away, I try to write, report, and explain my actions as quickly as possible so that you understand what is at stake. If something is wrong, and you have your own opinion, be sure to write it, maybe I omitted something. people who trade with me for free, without VIP and without advertising, are satisfied with the work (you can check the reviews yourself) I am writing this because it is nice to know and see it. Why I decided to open a small long. 1) - The price made a breakout of the support level, and made a return beyond the 33000 level 2) The price is consolidating in a descending channel. 3) If we assume (theoretically) that we are now in wave 4, then it is likely that the price will return to the support channel line (all this is indicated on the chart) Likewise, if the price follows my review, and we see that the resistance level, as well as the zone of the "neck" line from the "head and shoulders" pattern there will be a hold then we will continue to work with the short position further. I tried to tell you everything as I see it here. I do not give any guarantees that this will work 100%, but I try to describe everything that I am doing myself as quickly and usefully as possible. All successful transactions and trading. In our statistics +20 profitable trades - 3 stop loss The result is still pleasing. If there is an error, write it in the comment.
by CryptoJaegerB
13
We 💎 HODL *** Bet on V-Shaped Recovery *** Bears = WeaklingsWe 💎 HODL *** Bet on V-Shaped Recovery *** Bears = Weaklings Extremely negative funding rates yield astonishingly bullish opportunities. Now, you can long and take the money of the newbie bears in addition to your trade profit. The support line protects your back. Bears do not have the momentum and volume to break it anymore. You may counter-trade the herd and, at the same time, copy trade the professionals. The Risk-Reward Ratio is marvelous: We compare a potential $8 000 pump to a possible $2 000 dump. Our position is: Side: long Leverage: x10 Entry: $32 000 Stop loss: $29 900 Target: $40 000 See our previous idea, in RELATED IDEAS, "Beware of 🧟‍♀️ Undead Bulls! And they can Moondance". Our success rate has been 100% since we joined TradingView a month ago. To join our community and browse our private ideas, type "OXY BITS" in the Telegram group search.
BINANCE:BTCUSDLong
by Elysian_Mind
2
Bitcoin - What The next - Dump or Pump - BTC?Hi guys. Well, I'm back on this platform. I decided to return to duty, because there are those who need it. I'll start with the main thing. My main forecast from 59,000 to 29,000 worked 100% You can see this in my twitter account. What can I say now, probably something - that there is no need to rush to buy every rollback now. Because, there are so many factors that indicate a decline below 24,000. I do not want to scare anyone, this is just my opinion and nothing more. Personally, if I were you, I would go to rest. Because now the price is stuck in a big channel. Accumulation or distribution - no one will tell you 100%. But to buy every price rollback, you will forgive me, is stupid. It is foolish to work against the trend. I expect an ascending channel reaching about 37-38 thousand, any decline pattern and continued decline. There is a second option - if the price is a true breakout, remains below 29800 - look for a short for yourself. Because we will have amirrored level (where the price went up without stopping - it will be the same, only with a decrease) What I am inclined to at this time is to mark 34850 from there I work in shores up to the level of 29,000. If this level passes, and the price has been trading there for more than 6 hours, it is definitely long up to 38,000. Until then, shorts, bears and honey
Short
by CryptoJaegerB
2
FUTU : RESET / POSITION TRADEFutu Holdings Limited operates an online brokerage and wealth management platform in Hong Kong and internationally. The company provides trading, clearing, and settlement services; margin financing and securities lending services; and stock yield enhancement program. While Robinhood gets most of the hype in the US, Chinese wealth management platform Futu Holdings (NASDAQ:FUTU) continues to perform at a high level. For Q1 of 2021, Futu reported revenue of $283.56 million and EPS of $1.03 per share. While many companies beat estimates, it's impressive the degree that Futu beats at. Revenues came in $65.52 million over estimates, a beat of 30%. Meanwhile, analysts were expecting EPS of $0.61 (the $1.03 was a beat of 68%). This isn't the first time that Futu Holdings has beaten analyst estimates. The company is a "serial estimate beater" and has continually outpaced estimates. In Q1 Futu saw accelerated user growth. Paying clients totaled more than 789K, which was a 231% YoY growth. Futu saw YoY paying client growth of 160% in Q4, so the growth in paying users is accelerating. Total revenues were $283.6 million for the quarter, an increase of 349% YoY. Futu Holdings seems to fly under the radar when comparing its valuation and growth rates to other companies with higher multiples and lower growth. A sustained triple-digit growth rate is remarkable, and Futu's Q1 earnings showed that this trend remains intact. While execution always needs to be proven quarter by quarter, a business growing as rapidly as Futu Holdings can quickly build a margin of safety due to its high growth rates. Source : Wealth Insights, Seeking Alpha, 20-May-2021 seekingalpha.com seekingalpha.com
NASDAQ:FUTULong
by TradingMavericks
how to risk smartly? position sizing, risk n reward, SL n TP 👌Risk refers to the probability of a negative event happening in your activities; an event that goes contrary to your intended outcome. Risk is part and parcel of the cryptocurrency trade. It is the chance of an undesired outcome on the trade, which translates to making losses. For instance, a 50% risk on a short position simply means that there is a 50% probability that the Bitcoin price will rise, resulting in a loss on your part. Today, we take you through the simple rules to follow when managing risk in crypto trading. Types Of Risk The crypto trading world is exposed to four main types of financial risks: Credit Risk This risk affects crypto projects. It is the probability of the parties behind the crypto project failing to fulfill their due obligations. Credit risk is mostly attributed to theft and fraud in the crypto market. A good example is the hacking of Binance in 2018, which led to over $40 million loss. Legal Risk Legal risk refers to the probability of a negative event occurring with respect to regulatory rules. For instance, a ban on cryptocurrency trading in a specific country. A practical example of legal risk is when the states of Texas and North Carolina issued a cease-and-desist order to Bitconnect cryptocurrency exchange due to suspicion of fraud. Liquidity Risk Liquidity risk in respect to crypto trading refers to the chance of a trader being unable or incapacitated to convert their entire position to fiat currencies (USD, YEN, GBP) that they can use in their every-day spending. Market Risk Market risk refers to the chance of coin prices moving up or down contrary to your desire in an open position. Operational Risk Operational risk is the chance that a trader is unable to trade, deposit, or even withdraw money in their crypto wallets. Main Risk Management Strategies The rule of thumb in crypto trading is: “Do not risk more than you can afford to lose.” Given the gravity of risk in crypto trading, we generally advise traders to use not more than 10% of their budget or monthly revenue. Also, trading with borrowed money is not advisable as it puts them in a credit risk position. Risk management strategies can be broadly categorized into three: risk/reward ratio, position-sizing, as well as stop loss & take profits. 1. Position Sizing Position sizing dictates how many coins or tokens of cryptocurrency a trader is willing to buy. The probability of realizing great profits in crypto trading tempts traders to invest 30%, 50% or even 100% of their trading capital. However, this is a disruptive move that puts you at serious financial risks. The golden rule is: never put all your eggs in one basket. Here are three ways to achieve position sizing. Enter Amount vs Risk Amount This approach considers two different amounts. The first involves money you are willing to invest in every single deal. We advise traders to look at this amount as the size of each new order they take, regardless of its type. The second involves money at risk, i.e. the money that you stand to lose in case the trading fails. This is how you define your enter amount: A = ((Stack size * Risk per Trade) / (Entry Price – Stop Loss)) * Entry Price Let’s say we wish to purchase BTC with USDT with a target of $13,000. Our parameters would be: Stack Size: $5,000 Risk per Trade: 2% Entry Price: $11,500 Stop Loss: $10,500 Our enter amount would be: A= ((5,000 * 0.02) / (11,500 – 10,500)) * 11,500 = 1,150 The ideal amount to invest in this deal is $1,150 or 23%. However, due to our Stop Loss, we only risk 2% as it will stop the trade once it reaches the determined level. Risk trading in cryptocurrency Elder’s “Sharks” and “Piranhas” This concept of position sizing relates to diversifying your investments. Dr. Alexander Elder, who is credited with the concept, suggests two rules: Limiting every position to 2% risk. Elder compares risk to a shark bite. Sometimes you would wish to risk a huge amount, but the risk would be huge and catastrophic as a shark bite. Limiting trading sessions to 6% per session. In a losing streak, you may end up spending everything you own little by little. Elder compares this risk to a piranha attack, which takes small bites of its victim until it consumes it all. Following Elder’s sharks and piranhas approach results in no more than three open positions per 2% each or six ones per 1%. Limiting results in reverse compounding; losses get smaller and smaller with each subsequent loss you make. Kelly Criterion The Kelly criterion is a formula developed by John Larry Kelly in 1956. It is a position sizing approach that defines the percentage of capital to bet. It suits long-term trading. A = (Success % / Loss Ratio at Stop Loss) – ((1 – success %) / Profit Ratio at Take Profit) Using the previous example, the features would be: Stock size: $5,000 Invested Amount: $1,150 Success %: 60% Entry Price: $11,500 Stop Loss: $10,500 Loss Ratio: 1.10 Take Profits: $13,000 Our result would be: A = (0.6 / 1.10) – ((1 – 0.06) / 1.13) = 0.19 This means you should not risk more than 19% of the entire capital of $5,000 for you to arrive at the best possible outcome in a series of deals. 2. Risk/Reward Ratio The risk/reward ratio compares the actual level of risk with the potential returns. In trading, the riskier a position, the more profitable it can get. Understanding the risk /reward ratio enables you to know when to enter a trade and when it is unprofitable. The risk/reward ratio is calculated as follows: R = (Target Price – Entry Price) / (Entry Price – Stop Loss) From the previous illustration: Entry price: $11,500 Stop Loss: $10,500 Target price: $13,000 Our ratio would be: R = (13,000 – 11,500) / (11,500 – 10,500) = 1.5 or 1:1.5 A ratio of 1:1.5 is good. We advise traders not to trade with a ratio lower than 1:1. 3. Stop Loss + Take Profit Stop Loss refers to an executable order which closes an open position when a price decreases to a specific barrier. Take Profit, on the other hand, is an executable order that liquidates open orders when the prices rise to a certain level. Both are good approaches to managing risk. Stop Losses save you from trading in unprofitable deals while Take Profits let you get out of the trade before the market can turn against you. You can make use of Trailing Stop Losses and Take Profits which follow the rate’s changes automatically. Such a feature, however, isn’t available at the majority of crypto exchanges. Fortunately, with crypto terminals like Superorder, you can set your Trailing Stop Losses and Take Profits right from the terminal. Winning Strategies Accept Failures Risk is part and parcel of trading. Besides, we cannot eliminate it but only manage it. You should, therefore, accept your losses and rely on plan-based decision making to realize profits in future trades. Consider Fees New traders often do not know the fees that come along with trading. Such include withdrawal fees, leverage fees, etc. You should consider these in your risk management. Focus on the Win Rate Risks will always be there to discourage you from trading. However, focusing on the number of times you win helps to develop a positive attitude in trading. Measure Drawdown This refers to the total reduction of your initial funds after a series of losses. For instance, if you lost $1,000 from $5,000, your measure drawdown is 10%. The higher the amount, the more you would need to inject into a trade for it to recover. As Dr. Elder advised, stick to a 6% risk limit. Please click LIKE button and Appreciate my hard work. Must follow me for latest crypto real time updates. Thank you.
NYSE:TWTR
by BTC-fire