To
What should we do next with USDxHello Trader around the world, how about your last friday, did you trade?
Last friday I've trade the USDCAD and AUDUSD currency
For AUDUSD I Long and lost already
But USDCAD still at the big resistance and I have short already and put a stop loss at 500pip
I really want Monday to come fast as I can
Today I want to sharing all of you
learn about How the currency connect
Sometime maybe someone Long and Short position in the same time with same currency
It was no good
Long EURUSD and also Long USDCAD is wrong
But Long EURUSD and Short USDCAD is great
Cause if we look at USDx or Dollar index
And try to compare with any currency you will see something connect
First you shoud know that USDx will move same with USDXXX currency and XXXUSD will move converse in the same time
Example
Now USDx move up
USDCAD should move upward
EURUSD should move downward
For now about USDx you will see a price have break already
so if the price will continue to move up
Price should comback and rest at the old Resistance or new support
If you see a price move downward to support
Is mean that USDx move downward
Is mean that USDXXX move downward too
Is mean that XXXUSD will move up
Did you get it?
I hope that the things that I have learned around 3 years can help you and you will be a great trader if you can
Trade is a lot of things you have to learn
And we always have to update a strategy
Is didn't mean you know something and you will rich from it
You have learn a lot of things and use it at the right time, timing is so important
Just it, that's all for today
About how there r connect
Sorry for my bad English
Hope this week you will get a lot of money
Goodluck
BITCOIN - Market Cycle - Part 11Hello Everyone,
Currently, BTC is hanging just above the $7,100 marker as the Americans markets get advanced. Trading volume has been steadily decreasing across major trading pairs, including BTC/USD and ETH/BTC, signaling incoming decision time.
After BTC makes a significant movement (regardless of whether the move was up/down), it typically needs to hold momentum. Without doing so, history has shown us is that *down* is the way we go.
At current, BTC and the rest of the crypto market are fighting against a souring Chinese narrative being spun and promulgated by media outlets worldwide. Nevermind that China is bullish on blockchain, what the market is latching onto ever more tightly is the message that the world's most populous country is anti-crypto.
That wouldn't matter much if the rest of the world were up to the task of carrying the market, but so far, no one has stepped up to the plate.
So, what happens next?
$3 Billion Exit Scam Suppressing the Market?
Until CoinTelegraph broke the news about PlusToken, a $3 billion exit scam that mostly took place in Asia, few Westerners knew of the story.
To make a long story short, PlusToken, a purported crypto investment platform and wallet, scammed about $3 billion worth of BTC, ETH, and EOS from predominantly Chinese and South Korean investors.
Few inroads have been made regarding the whereabouts of PlusToken's founders after they disappeared in June of this year. A handful of blockchain analysis firms of vaguely concluded that vast sums of crypto from wallets associated with PlusToken may be suppressing market prices with shuffled digital assets.
Crypto Twitter Remains Largely Bullish, but Some Disagree, believes that the market is due for at least another leg down. The case for a drop to the low $6,000s before finding a bottom sometime in January 2020.
A large drop to the $6K region will likely be preceded by a smaller step down to $7K flat, which is ominously looming just below the market's current standing.
Others, including famed trader Peter Brandt, see strength in BTC's current position, with Bloomberg's crypto outfit even speculating that short term prices may head above $8K.
As always, time will tell.
GOOD LUCK!
We go together
Together we are stronger
Share and like
I am not Bearish long term. I am a Bull of Bulls.
Thanks
God bless you!
Nothing is hard as long as the determination is there.
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BlackMEX - TELEGRAM
We are a BITMEX specialized channel.
Our philosophy focuses on capital preservation and good risk/return operations.
We'll share our analysis, calls, and share studies that can help you be a better trader.
Enjoy!
Telegram > t.me
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Twitter > twitter.com
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Bitcoin stock to flow
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CAUTION!
DISCLAIMER
Trading is risky.
Here s a small explanation about why Im giving insight into my trades. Crypto is all about trust and transparency and that is what ID like to bring. Dont expect me to tell you how much crypto I actually own because thats none of your business. But I Will tell you how big my position will be in regard to my trading portfolio.
Secondly and actually the main reason im doiing this, is to proof to all the HALTERS out there that you can earn money with trading crypto. Most people are skeptical about trading because they heard horror stories about people who lost all their money. Follow my journey and let me proof therm wrong.
At the end of the day, the most important thing is how good are you at risk control.
Booking some losses during trading is perfectly normal, so im not afraid to show those losses. Most traders dont give any insight in what they because they perfectly know they suck and dont have a clue what they are doing in regard to risk management.
Risk comes from not knowing what you're doing.
Just like every trader, Ive seen ups and downs in my journey. I started trading stocks. And you can guess what that meant for my portfolio. Yes thats right, it was almost completely wiped out.
But I pressed on, learned a lot about technical analysis and here we are. I have experience in trading stocks, options, and commodities .
So you can assume that I know how to deal with risks.
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$BTC $BCH $BNB $XLM $EOS $ETH $ADA $LTC $TRX $XRP $IOTA $LINK $XTZ $BTT $XMR $NEO $BTT $MATIC $XMR $MRK $XEM $ONT $DASH $BAT $ZRX $LSK $NANO $REP
#altcoins #bitcointrading #cryptocurrency #cryptotrading #CRYPTO #BITCOIN #BTCUSD #BTC #BuyTheFear #BuyTheDip
@btc @RedditBTC
Education using BTSI'm eternally bullish on BTS, but a year-long bear situation is possible...
When trading, look at the risk to reward. Shorting to the bottom of the triangle would yield 50% returns. Although you may get the false pride of buying the bottom.
However, longing to the NEAREST resistance level is 100% returns.
Longing to the second nearest resistance level is 300% returns.
There is lots of infighting in the Bitshares community right now, but at least there is fighting going on. There is no growth without decay.
Who knows?
Good luck.
RISKY long on HD.. are you in?..Recommended 30% risk only .. i.e. usual trade for this size ticker is 1000 shares, go in small at 300 shares and trail this one on the way up.. catching a sharp knife, trying to pick the bottom - so relatively tight stop and either it goes or it doesn't!.. see chart -- close up view in comment section.. Happy trading!
Roku ZONE to ZONE - Bull PenantZone Traders! How Sweet was this one.. as we predicted in the Mentorship Discord Chat ROKU continues and break up bullish out of the penant - see chart.. we are D/240/60 traders that day and swing trade.. just on example of 20 plus ETF / TIckers we break down and plan nightly for the next days trades.. GET IN THE ZONE! .. Don Fron Show Zones ..
GBPUSD: BUYWe see the Daily Range continuation after the price movement from yesterday. We anticipate that price will return back to the resistance zone 1.29700 where we will wait for a catalyst that will see price breakout of the range. Kindly share your expectations in the comment section whether the price will breakout of the zone to the upside or reverse out of the zone to the downside. if you can also indicate what trigger, catalyst or chart pattern you are looking out for. Thank you.
GBPUSD: BUYA range within a range: Anticipating price return to retest the 1.29700 Resistance zone. We have seen a test of this zone multiple times over the last month and it seems to be holding up strong. Once price reaches 1.29700, we will anticipate another reversal. Otherwise, a break of 1.29700 zone will see prices soar to new highs.
IS IT WORTH TAKING THE TRADE? THE FINAL DECISIONSSo you have the "perfect" setup; all the stars align and you feel utterly confident in taking the trade, but should you? I have a process that must be completed before I even think about pressing the trigger.
Fundamental analysis points me in one of two directions, then from there I'm either short or long. I then look if there is a technical entry point that lines up in the way I want to enter. The final step to take is too see what target will be and what my R:R is.
For those that don't know R:R is risk to reward. So if you have 1:1 R:R and you risk 1% of your capital on a trade, then you stand to gain only 1%. This is pretty much a 50/50 gamble, and we don't gamble in trading.
If all the stars align and the R:R is 1:1 DON'T TAKE THE TRADE, MOVE ON!
We win by having better winning trades than looser's. Ideally I want a 1:1.5 R:R, ideally 1:2 (So if i risk 1% and my trade reaches TP I gain 1.5% or 2%).
If I have a R:R less that this I stay away or risk 0.5% on a trade, but I advise you stay away from the trade and look for another opportunity. After all, there are infinite entries in the future.
Happy Trading.
Enjin Coin, swing trade the previous peakThe RSI is centered out. The MACD is bottomed out and triggered the buy signal. The trend is bottomed out. The altcoins will start receiving some rallys very soon. Many altcoins have began to receive a huge influx of volume in the last couple weeks. Sell the halfway point around 6k satoshis. Then hold the bags and try to trade the swing to 12k satoshis. Should be one of the most profitable investments in the cryptocurrency market.
S&P 500, looks extended but it's about to break outThe market broke through the last high but lots of bullish volume leaders in the stock market have yet to move up from their pullbacks. Large companies like Apple and Tesla took market cap but the smaller stocks that yield higher gains haven't moved. If you look at the RSI on this trend you can see that it hasn't gone up nearly what you'd expect it to for the prolonged rise in the market. I think it's going to keep rising and it's going to close the gap on the 30 week moving average sideways instead of dropping on it. Go ahead and look at the SPGI, it has not broken through it's previous high yet and it's indicators are bullish. The global market will contribute on the rise of the S&P 500.