Get started

Traderlifestyle

Probability vs PossibilityThe battle that wages on every market, in every trade... Probability versus Possibility. Now I've seen SO MANY predictions and forecasts lately telling of breakouts, moons and lambos - It's disgusting. Why? Because while ANYTHING can happen (possibility), one must consider the chances of these events occurring (probability) . Now i don't mean to insult your intelligence by defining the words in such a basic means, I'm merely setting an argument. Let's consider Bitcoin for a moment, and where it is currently. IT IS STILL IN A DOWN-CHANNEL. It has NOT broken the resistance as of yet, and every time it's tried since it's fall in December, it has fallen further. Now the healthy channel of recovery is below us, it's baseline sitting in the 7.7K-8.2k zone. The green channel extending from this is the area in which Bitcoin feels comfortable. The most probable course of action is a fall, to either the 9-9.7k area before a reattempt at the resistance, or a straight skydive to the baseline. These two options are far more likely than bitcoin breaking out and seeing a new A-T-H. This is not just trade advice, this is life advice - Please consider the most likely course of actions before investing your hard earned money, before listening to all the hype, before letting yourself be led into disappointment. Now if I am wrong, if Bitcoin breaks the resistance and goes for a climb, you can jump aboard and sail the profitable seas at your leisure with slightly less profit than you could have. If i'm right however, you stand to lose up to 20-40% if you haven't taken the correct means of protection in a small and volatile time period. DON'T let emotion rule your decisions, this is a game of numbers and probability. Whatever you decide, i wish you the best in the coming days :)
by Disaster_Chartist
4
Exciting TimesBack toward the resistance we go! This should be fun, just make sure to constantly update your stop losses so you don't get caught out. Now I've already posted a vibrantly worded analysis... kind of? Anyway, here's the deal; Bitcoin is like an explorer pushing through scrub, and now they're getting close to some thick 'n' thorny jungle. The question is, did they bring a sharp machete? We will find out soon enough, eventually it will break this bear market and the bulls will run again but is it going to happen this soon? I remain seated with a healthy skepticism, unable to shake the feeling that this climb has been a little too steep, considering the "healthy" trend channel (big and green) is getting left behind. Remain cautious fellow traders, and may the gains rain upon you all.
by Disaster_Chartist
EUR/USD - The Middle of the Battle - BULLS or BEARS???I analyzed this chart with the intention of helping you see the bigger picture of where the overall currency pair is heading. The Euro looks like its in a uptrend but it also could be in turn for a downtrend. In my educated opinion, I think the currency pair holds strong bullish sentiment and is riding to some higher highs unless some economic events unravel (inflation, unemployment, etc... cough* cough*). A look at the pairs historical support and resistance levels helped me to better understand where this pair is heading. From the Red Line at about 1.035 to the current exchange rate at about 1.22 the difference is 0.185. Add 0.185 to 1.22 and you get 1.405 right about where that heavy resistance green line is located. So currently you are right in the sweet spot; the middle of it all. The price will either move up and stay in trend or retrace down back to support but like I said I think the Euro may be heading higher than the US Dollar. I also could be wrong but that's my sentiment. Also, I Incorporated yellow lines to keep you wary of these levels. These lines according to my calculations will be points of where many traders will be making trading decisions due to economic events, technicals analysis or whatever it may be but these points will experience a high level of volatility so be careful. Key Tip: Take some time to look at the bigger picture instead of what's sitting right in front of you. Good luck trader. P.S. If you liked my idea please share it and help the next person in need of trading advice, thank you!
Long
by austinlmkc
EURUSD daily chart analysis by @reembegil While the major EURUSD daily trend still going down, last week we did not see a big move creating a base over the trend waiting the market to break the sideways support zone (1.16085 - 1.15739) keeping the downtrend to sell short with the objective at 1.14871 (the next demand zone) and with the stop loss over the support zone at 1.16085 at least. Mientras que la principal tendencia diaria de EURUSD sigue bajando, la semana pasada no vimos un gran movimiento creando una base sobre la tendencia esperando que el mercado rompa la zona de soporte lateral (1.16085 - 1.15739) manteniendo la tendencia bajista para vender en corto con el objetivo en 1.14871 (la próxima zona de demanda) y con el stop loss sobre la zona de soporte en 1.16085 como mínimo.
by reembegil