Forwarded from Crypto Classics VIP | Futures
#BTC/USD Take-Profit target 3 ✅
Profit: 5.5425% 📈
Profit: 5.5425% 📈
Forwarded from Crypto Classics VIP | Futures
📍Informative article:📍
The real trading with altcoins which are below the top 5 by capitalization.
In this article, we would like to talk about the realities of trading altcoins, which are considered very promising and can bring at least hundreds of percent profit.
The first caveat is that liquidity is a big problem for cryptocurrency trading. This is what allows you to buy or sell cryptocurrency without a significant price shift. Most exchanges wind up trading volumes. There are special algorithms that allow the operation of buying and selling coins between two accounts of the exchange. These auctions are included in the offset of the volume, but, in essence, this is an air exchange between one participant - the exchange. The top 5 exchanges probably have real volume only for 50 percent. Bitmex and binance perhaps more.
The second caveat is related to the fact that as a rule there are not enough offers for sale. As soon as you hit the ask, sellers immediately scatter. Very often, one buyer is able to disperse the price very high with a small bid. Further, as a rule, the price returns to its start position. This is due to the fact that there is essentially no real market. And they will let you buy, but at the prices that are formed. There will be no buyers, which will lead to a return of the price to the previous level, or even lower.
Why does it work like this? The fact is that when a coin is listed on the exchange, the exchange provides liquidity algorithms that can easily carry out operations on the exchange without commissions. They trade between their accounts, spinning up trading volumes. Often you can see this in execution. They are small in size, almost identical and fractional. This is a sign of trading algorithms. If you turn them off, then there will be virtually no bidding. Currently, there are not so many traders on the market to trade a huge number of coins 24 hours a day every day. An exception is the top 5 cryptocurrencies. Why so we will tell in the next article.
The third caveat is related to the liquidation of a position. When you buy, you will be given a position, sometimes even at good prices. But, when you want to sell a coin, especially with a volume of more than several thousand dollars, then you yourself can make the coin move 10, 20 or even 50% down. An exception is active coins, which are traded on increased volumes. And if you bought on hype and did not sell on time, then this is even worse. For you have to sell by the stop loss, when the price is already falling. This will further aggravate the situation. You will have to wait until a large buyer appears, and he can wait a very long time for a price reduction.
The fourth caveat is related to the very structure of such assets. The fact is that the entire cryptocurrency market is considered a high-risk venture capital market. And such assets are historically falling. And only in case of strong positive changes can the price rise. But, even to grow steadily and well, a buyer is needed. Just because no one will invest in a coin just because it is promising.
To summarize a simple summary. The main problem in trading altcoins above the top 5 by capitalization is liquidity. Often the purchase goes on hype, and the sale is already when everything is quiet, and, as a rule, much lower. That's why many do not sell, but hold coins in the hope that it will grow anyway. This is mistake!
Inactive coins have virtually no liquidity at all. Entering them is difficult even with a small volume, of the order of several thousand dollars. And it’s impossible to get out.
Most exchanges wind up volumes for the attractiveness of trading, but this is a spoof.
The top 5 altcoins by capitalization are the most reliable in trading, since the probability of volume growth is low and there are also active buyers in the form of simple traders, miners, investors, exchanges themselves, large market makers and various trading organizations.
The real trading with altcoins which are below the top 5 by capitalization.
In this article, we would like to talk about the realities of trading altcoins, which are considered very promising and can bring at least hundreds of percent profit.
The first caveat is that liquidity is a big problem for cryptocurrency trading. This is what allows you to buy or sell cryptocurrency without a significant price shift. Most exchanges wind up trading volumes. There are special algorithms that allow the operation of buying and selling coins between two accounts of the exchange. These auctions are included in the offset of the volume, but, in essence, this is an air exchange between one participant - the exchange. The top 5 exchanges probably have real volume only for 50 percent. Bitmex and binance perhaps more.
The second caveat is related to the fact that as a rule there are not enough offers for sale. As soon as you hit the ask, sellers immediately scatter. Very often, one buyer is able to disperse the price very high with a small bid. Further, as a rule, the price returns to its start position. This is due to the fact that there is essentially no real market. And they will let you buy, but at the prices that are formed. There will be no buyers, which will lead to a return of the price to the previous level, or even lower.
Why does it work like this? The fact is that when a coin is listed on the exchange, the exchange provides liquidity algorithms that can easily carry out operations on the exchange without commissions. They trade between their accounts, spinning up trading volumes. Often you can see this in execution. They are small in size, almost identical and fractional. This is a sign of trading algorithms. If you turn them off, then there will be virtually no bidding. Currently, there are not so many traders on the market to trade a huge number of coins 24 hours a day every day. An exception is the top 5 cryptocurrencies. Why so we will tell in the next article.
The third caveat is related to the liquidation of a position. When you buy, you will be given a position, sometimes even at good prices. But, when you want to sell a coin, especially with a volume of more than several thousand dollars, then you yourself can make the coin move 10, 20 or even 50% down. An exception is active coins, which are traded on increased volumes. And if you bought on hype and did not sell on time, then this is even worse. For you have to sell by the stop loss, when the price is already falling. This will further aggravate the situation. You will have to wait until a large buyer appears, and he can wait a very long time for a price reduction.
The fourth caveat is related to the very structure of such assets. The fact is that the entire cryptocurrency market is considered a high-risk venture capital market. And such assets are historically falling. And only in case of strong positive changes can the price rise. But, even to grow steadily and well, a buyer is needed. Just because no one will invest in a coin just because it is promising.
To summarize a simple summary. The main problem in trading altcoins above the top 5 by capitalization is liquidity. Often the purchase goes on hype, and the sale is already when everything is quiet, and, as a rule, much lower. That's why many do not sell, but hold coins in the hope that it will grow anyway. This is mistake!
Inactive coins have virtually no liquidity at all. Entering them is difficult even with a small volume, of the order of several thousand dollars. And it’s impossible to get out.
Most exchanges wind up volumes for the attractiveness of trading, but this is a spoof.
The top 5 altcoins by capitalization are the most reliable in trading, since the probability of volume growth is low and there are also active buyers in the form of simple traders, miners, investors, exchanges themselves, large market makers and various trading organizations.
Forwarded from Crypto Classics VIP | Futures
📍Current BTC update:📍
✅ Bitcoin: The accumulation zone has been forming for more than a month. There are two interesting points.
The first is that the zone is quite wide, about $ 1,000.
The second is that it is the longest accumulation zone since the start of Bitcoin growth from $ 3,200. This tells us that the downward movement is most likely not finished. However, you should be very careful with short positions. We will try to open a position only when the lower boundary of the accumulation zone is broken. Since there is a good ratio of risk and profit. In our opinion, a breakdown of the upper boundary can work as a short covering. You can try to buy, but very quickly cover a loss if something happens. We do not think that now will be the completion of the bear market.
In the second scenario, after the breakup of the upper boundary and the formation of a small accumulation zone, it will make sense to open a long position. If the price goes back to the range of 6,650 - 7,600 dollars, then a very high probability of a further fall.
It is a sufficiently long and wide range of accumulation that does not allow us to open a position quite often. We have to wait for points with a favorable ratio of risk and profit. The most difficult thing to trade is probably to wait.
✅ Altcoins: Looking through the altcoin’s market, we noticed that some of them grew at fairly good volumes, but not significantly. Moreover, if we compare this growth in volumes and the price movement itself, then, for example, in 2017, the movement on the same volumes was much larger. Now it is 100-200 percent, and then it is 500-1000 percent. In our opinion, there are several reasons.
The first is that there is more liquidity to sell now than it was then. This makes it difficult to move the price up, especially if you want to sell a coin much more than buy.
The second reason is less marketing, which means fewer market participants who want to buy at the market price. It’s too early to say that the altcoin’s market has died, but this is clearly not what most expected. The reality is that the cryptocurrency market is venture and high-risk. It is obvious to us that the token utility growth model has almost become obsolete. The next push, in our opinion, may be the tokenization of assets, but this is a separate topic for the whole article.
So far, we are of the opinion that the altcoin market will slowly but surely stagnate further. As long as companies have money, exchanges will do market making and will in every way attract market participants for trading. However, the growth of the market requires an influx of money. It can appear only when the former interest in the cryptocurrency market is revived. In the meantime, it remains to wait.
Top 5 altcoins by capitalization are suitable for trading, we do not recommend everything else to trade for novice traders. We will not tire of repeating this, because mathematics is against us in this trade.
The former advice is to buy altcoins only when Bitcoin is restored.
The dominance of Bitcoin since the last review has grown slightly and is equal to 68.7%. Slow flow of capital into bitcoin. While within the limits of the levels, but if there is a breakdown upwards, we do not exclude that there will be a new growth in the dominance of bitcoin in the cryptocurrency market. This is a bad sign for altcoins. We already wrote that we expect domination growth to 80-90%.
✅ Bitcoin: The accumulation zone has been forming for more than a month. There are two interesting points.
The first is that the zone is quite wide, about $ 1,000.
The second is that it is the longest accumulation zone since the start of Bitcoin growth from $ 3,200. This tells us that the downward movement is most likely not finished. However, you should be very careful with short positions. We will try to open a position only when the lower boundary of the accumulation zone is broken. Since there is a good ratio of risk and profit. In our opinion, a breakdown of the upper boundary can work as a short covering. You can try to buy, but very quickly cover a loss if something happens. We do not think that now will be the completion of the bear market.
In the second scenario, after the breakup of the upper boundary and the formation of a small accumulation zone, it will make sense to open a long position. If the price goes back to the range of 6,650 - 7,600 dollars, then a very high probability of a further fall.
It is a sufficiently long and wide range of accumulation that does not allow us to open a position quite often. We have to wait for points with a favorable ratio of risk and profit. The most difficult thing to trade is probably to wait.
✅ Altcoins: Looking through the altcoin’s market, we noticed that some of them grew at fairly good volumes, but not significantly. Moreover, if we compare this growth in volumes and the price movement itself, then, for example, in 2017, the movement on the same volumes was much larger. Now it is 100-200 percent, and then it is 500-1000 percent. In our opinion, there are several reasons.
The first is that there is more liquidity to sell now than it was then. This makes it difficult to move the price up, especially if you want to sell a coin much more than buy.
The second reason is less marketing, which means fewer market participants who want to buy at the market price. It’s too early to say that the altcoin’s market has died, but this is clearly not what most expected. The reality is that the cryptocurrency market is venture and high-risk. It is obvious to us that the token utility growth model has almost become obsolete. The next push, in our opinion, may be the tokenization of assets, but this is a separate topic for the whole article.
So far, we are of the opinion that the altcoin market will slowly but surely stagnate further. As long as companies have money, exchanges will do market making and will in every way attract market participants for trading. However, the growth of the market requires an influx of money. It can appear only when the former interest in the cryptocurrency market is revived. In the meantime, it remains to wait.
Top 5 altcoins by capitalization are suitable for trading, we do not recommend everything else to trade for novice traders. We will not tire of repeating this, because mathematics is against us in this trade.
The former advice is to buy altcoins only when Bitcoin is restored.
The dominance of Bitcoin since the last review has grown slightly and is equal to 68.7%. Slow flow of capital into bitcoin. While within the limits of the levels, but if there is a breakdown upwards, we do not exclude that there will be a new growth in the dominance of bitcoin in the cryptocurrency market. This is a bad sign for altcoins. We already wrote that we expect domination growth to 80-90%.
Forwarded from Crypto Classics VIP | Futures
📍Informative article:📍
Why do we recommend using charts with a large time frame for making decisions in trading?
You can often hear from beginners, and sometimes from experienced traders, that trading on small time frames is more efficient. You can quickly earn tens of percent on charts of 5-minute timeframes. And if you use borrowed funds and leverage, then in general you can earn hundreds of percent in a very short period of time.
This is a very big mistake and do not believe those who are trying to convince you of such effectiveness. The truth is that it is equally difficult to make money on any timeframe, but there are still some nuances that are not visible to novice traders.
One of the vulnerabilities of trading on small timeframes is the ability to manipulate price. Agree that managing the price is easier when within 1 or 5 minutes you can buy or sell a very large amount. As a rule, all sharp and strong movements occur quickly. Price manipulations can only be done when no one expects this.
However, you must agree that, for example, shifting the price of bitcoin by $ 300 can be immediately and by small amount. But to move the price by $ 300 in two hours is much more difficult, since much more is needed. In this case, it is more difficult to manipulate the price.
This is why we recommend trading a minimum time frame of 1 hour. We personally use a 2-hour timeframe. This gives us the opportunity to pay more attention to the fundamental causes of price movements and less to pay attention to manipulation.
It is enough to recall the sharp rise in prices a few months ago. Then, for a fairly short period of time, the price increased by almost 3,000 dollars. This was possible due to the fact that there was little liquidity. However, gradually over the course of a month, the price returned back, which tells us about manipulation.
Remember that on small timeframes it is much easier to manipulate the price than on large ones. In addition, on small timeframes you very often have to trade against robots and all sorts of smart algorithms, which makes you vulnerable, especially if you are trading by yourself. The larger the time frame, the safer for private traders.
Why do we recommend using charts with a large time frame for making decisions in trading?
You can often hear from beginners, and sometimes from experienced traders, that trading on small time frames is more efficient. You can quickly earn tens of percent on charts of 5-minute timeframes. And if you use borrowed funds and leverage, then in general you can earn hundreds of percent in a very short period of time.
This is a very big mistake and do not believe those who are trying to convince you of such effectiveness. The truth is that it is equally difficult to make money on any timeframe, but there are still some nuances that are not visible to novice traders.
One of the vulnerabilities of trading on small timeframes is the ability to manipulate price. Agree that managing the price is easier when within 1 or 5 minutes you can buy or sell a very large amount. As a rule, all sharp and strong movements occur quickly. Price manipulations can only be done when no one expects this.
However, you must agree that, for example, shifting the price of bitcoin by $ 300 can be immediately and by small amount. But to move the price by $ 300 in two hours is much more difficult, since much more is needed. In this case, it is more difficult to manipulate the price.
This is why we recommend trading a minimum time frame of 1 hour. We personally use a 2-hour timeframe. This gives us the opportunity to pay more attention to the fundamental causes of price movements and less to pay attention to manipulation.
It is enough to recall the sharp rise in prices a few months ago. Then, for a fairly short period of time, the price increased by almost 3,000 dollars. This was possible due to the fact that there was little liquidity. However, gradually over the course of a month, the price returned back, which tells us about manipulation.
Remember that on small timeframes it is much easier to manipulate the price than on large ones. In addition, on small timeframes you very often have to trade against robots and all sorts of smart algorithms, which makes you vulnerable, especially if you are trading by yourself. The larger the time frame, the safer for private traders.
Forwarded from Crypto Classics VIP | Futures
📍To summarize the year:📍
This year we decided to give publicly trading recommendations on the cryptocurrency market. We have no regrets about our decision, since we have helped many novice traders to choose the right successful path.
Based on the recommendations, a total of 43% of the profit was earned, and 13% of the current profit is shown by open positions. We believe that these are very successful half a year of trading. Perhaps this is not the hundreds of percent that many telegram channels promise, but it’s pure and reliable interest with the possibility of using large capital, of the order of several million dollars, which gives our trading recommendations increased reliability.
This year, the cryptocurrency market was good and volatile. The price of bitcoin increased from $ 3,200 to $ 13,900 and fell to $ 7,200. It was a good year for trading. Not the best, but good. We hope that next year will be even better.
We wish you all only profitable trades and success in bidding.
Happy New Year!
This year we decided to give publicly trading recommendations on the cryptocurrency market. We have no regrets about our decision, since we have helped many novice traders to choose the right successful path.
Based on the recommendations, a total of 43% of the profit was earned, and 13% of the current profit is shown by open positions. We believe that these are very successful half a year of trading. Perhaps this is not the hundreds of percent that many telegram channels promise, but it’s pure and reliable interest with the possibility of using large capital, of the order of several million dollars, which gives our trading recommendations increased reliability.
This year, the cryptocurrency market was good and volatile. The price of bitcoin increased from $ 3,200 to $ 13,900 and fell to $ 7,200. It was a good year for trading. Not the best, but good. We hope that next year will be even better.
We wish you all only profitable trades and success in bidding.
Happy New Year!
📸 💥DAILY SNAP-SHOT 7/21 💥 📸
🔸 Crypto Classics VIP 🔸
✅ #BTC 13% profit in open position
👉Check out profile on safetrading
👉Check out my TradingView
👉 JOIN VIP HERE 👈
Contact @GarryMet
🔸 Crypto Classics VIP 🔸
✅ #BTC 13% profit in open position
👉Check out profile on safetrading
👉Check out my TradingView
👉 JOIN VIP HERE 👈
Contact @GarryMet
Crypto traders
Crypto Classics: Paid Crypto Signals on Telegram Review & Audit — Safetrading
@CryptoClassicsVIP Crypto Classics - traders with years of experience, fresh ideas, crypto signals, etc. Don’t miss your chance and be the first to learn about them in our Crypto Classics review.
Forwarded from Crypto Classics VIP | Futures
📍Current BTC update:📍
✅ Bitcoin: In the new 2020, this is our first review. A long accumulation zone has been going on for almost two months. This is quite a lot. In trading, a prerequisite for earning money is movement, the stronger the better. The current movement of bitcoin is quite difficult to predict. This is currently a thankless task. We already wrote that it is much harder to trade on small timeframes, since there is a high probability of price manipulation. But, nevertheless, there are quite rare moments when you can open a position.
We still adhere to the tactics of reversal points trading. Opening a short position in the breakdown of the lower level of the trading range of $ 6,650. If there is a return to the range, then exit in a short stop and open a long position. And the opening of a long position after the breakdown of the upper limit of the trading range of $ 7,600. If this is a false breakdown, then exit in the stop and immediately open a short position. The logic of such trading is that the stop is short, 200-300 dollars, but the take profit is good enough, which gives us an advantage. For profitable trading, an asset must move in a trend. At the moment, we do not see a clear trend, but rather a large trading area within $ 1,000.
If we try to predict the direction of further movement, then we think that most likely this state of bitcoin will continue further. According to the history of 2018, we can understand that such zones of accumulation are not uncommon and there have already been such. The first trading zone lasted 5 months. The trading range is 5,900 - 6,800 dollars. The second trading zone lasted a little less - 4 months with a range of 3 400 - 4 300 dollars. We can see something similar this time.
A feature of financial markets is that the price moves from the accumulation zone to the unloading zone. In periods when inactive trading, we will try to provide useful information for understanding market processes.
✅ Altcoins: Top 5 altcoins are no different from Bitcoin. So far, everything is rather weak. It makes sense to trade them only after the start of a good Bitcoin movement.
The remaining altcoins are quite dangerous for mass trading. As an example, I recommend looking at the #MATICBTC chart. Most coins are somehow in a downtrend.
Please note that back in 2018, when bitcoin stood still or fell in price, the capital moved to altcoins and there was a fairly strong altcoin season. However, the trend changed in the spring of 2019. Then, along with bitcoin, the altcoin market also grew. We think that something similar will be this time. The reason for this is the ever smaller amount of capital in the market. In 2017, people at the time of the big hype actively invested in cryptocurrencies. When bitcoin was sold, a large amount of cash was released, which was supposed to work.
Altcoins were bought on it. Thus, the money went around the market. However, since the beginning of the strong fall of Bitcoin, additional capital has gradually become obsolete. Now, in order to pump up the altcoin market just as it was in 2017, a huge additional capital is needed. The funds that are on the market, as we see, are not particularly enough for everyone. This is where selective crypto assets grow.
The dominance of bitcoin is 68.3%. Nothing has changed much since the last review. The balance of money on the market outweighs the direction of bitcoin. We are observing the situation and do not yet see the prerequisites for a change in balance.
✅ Bitcoin: In the new 2020, this is our first review. A long accumulation zone has been going on for almost two months. This is quite a lot. In trading, a prerequisite for earning money is movement, the stronger the better. The current movement of bitcoin is quite difficult to predict. This is currently a thankless task. We already wrote that it is much harder to trade on small timeframes, since there is a high probability of price manipulation. But, nevertheless, there are quite rare moments when you can open a position.
We still adhere to the tactics of reversal points trading. Opening a short position in the breakdown of the lower level of the trading range of $ 6,650. If there is a return to the range, then exit in a short stop and open a long position. And the opening of a long position after the breakdown of the upper limit of the trading range of $ 7,600. If this is a false breakdown, then exit in the stop and immediately open a short position. The logic of such trading is that the stop is short, 200-300 dollars, but the take profit is good enough, which gives us an advantage. For profitable trading, an asset must move in a trend. At the moment, we do not see a clear trend, but rather a large trading area within $ 1,000.
If we try to predict the direction of further movement, then we think that most likely this state of bitcoin will continue further. According to the history of 2018, we can understand that such zones of accumulation are not uncommon and there have already been such. The first trading zone lasted 5 months. The trading range is 5,900 - 6,800 dollars. The second trading zone lasted a little less - 4 months with a range of 3 400 - 4 300 dollars. We can see something similar this time.
A feature of financial markets is that the price moves from the accumulation zone to the unloading zone. In periods when inactive trading, we will try to provide useful information for understanding market processes.
✅ Altcoins: Top 5 altcoins are no different from Bitcoin. So far, everything is rather weak. It makes sense to trade them only after the start of a good Bitcoin movement.
The remaining altcoins are quite dangerous for mass trading. As an example, I recommend looking at the #MATICBTC chart. Most coins are somehow in a downtrend.
Please note that back in 2018, when bitcoin stood still or fell in price, the capital moved to altcoins and there was a fairly strong altcoin season. However, the trend changed in the spring of 2019. Then, along with bitcoin, the altcoin market also grew. We think that something similar will be this time. The reason for this is the ever smaller amount of capital in the market. In 2017, people at the time of the big hype actively invested in cryptocurrencies. When bitcoin was sold, a large amount of cash was released, which was supposed to work.
Altcoins were bought on it. Thus, the money went around the market. However, since the beginning of the strong fall of Bitcoin, additional capital has gradually become obsolete. Now, in order to pump up the altcoin market just as it was in 2017, a huge additional capital is needed. The funds that are on the market, as we see, are not particularly enough for everyone. This is where selective crypto assets grow.
The dominance of bitcoin is 68.3%. Nothing has changed much since the last review. The balance of money on the market outweighs the direction of bitcoin. We are observing the situation and do not yet see the prerequisites for a change in balance.
Forwarded from Crypto Classics VIP | Futures
📍Quick BTC update:📍
Interesting moment. Formed a technical figure head and shoulders. A break of $ 7,600 could be a good entry point. We will be ready to quickly open a long position. It seems like we are ready to update local highs. It is important to open a position precisely after the price breakup. This increases the likelihood of a strong movement due to the impulse to liquidation of the short positions.
Interesting moment. Formed a technical figure head and shoulders. A break of $ 7,600 could be a good entry point. We will be ready to quickly open a long position. It seems like we are ready to update local highs. It is important to open a position precisely after the price breakup. This increases the likelihood of a strong movement due to the impulse to liquidation of the short positions.
Binance US, Coinbase Pro
#BTC/USD Take-Profit target 1 ✅
Profit: 3.9473% 📈
Period: 3 Hours 15 Minutes ⏰
#BTC/USD Take-Profit target 1 ✅
Profit: 3.9473% 📈
Period: 3 Hours 15 Minutes ⏰
Today we’ll talk about indicators
Very often in public trading or analytics with traders you can notice a lot of all kinds of indicators on the chart. The most common fibonacci levels, overbought and oversold index, support and resistance levels, volume and so on. In fact, there are a huge number of indicators that are available to everyone.
Let's think now, if indicators are the key to success, then why so far no one has gotten rich using them. And why do many traders use them publicly if they could quietly earn money? The answer is obvious. 99% of indicators do not work. And that's why. The most basic reason is that the indicator is a lagging signal. It shows the entry point to the position a little later than it was necessary to open the position. Many indicators are based on what has already been done some time ago, but not what is being done at the moment. This is the main reason.
So what turns out that the indicators do not work? Not. We said that 0 99% are not working, but 1% is still useful. With our experience in trading financial markets for more than 10 years, we can highlight several effective indicators that will help make the right trading decision.
It should be understood that the indicator itself is worthless, and even if it shows a signal, then this is not just a winning trade. As a rule, indicators need to be combined with technical figures and the so-called price action.
The most working, in our opinion, are volume indicators and recently formed levels. Let us dwell on them.
The volume indicator shows the number of transactions that took place in a certain period of time. As a rule, if the volume is increased, then this indicates an increased interest of market participants. When the volume is sluggish, this indicates a weak market. In combination with this indicators, you can watch the breakdown of strong levels and candlestick analysis. It will also be useful to combine with technical analysis. For example, if a bull triangle formed and subsequently it was punched on the volume, then this usually says that the price will move on. If the breakup was on a sluggish volume, then this is most likely a false breakup and the price will return back to previous trading levels. We use the volume indicator almost always.
Here is another example of using a volume indicator. When the price is trending at a good volume, and then at some point the volume increases dramatically and a reversal pattern looms, for example a double bottom, then this is a strong buy signal. The logic is that at the moment of increased volume, the price met maximum resistance and will already move in the opposite direction.
The second indicator is recent support and resistance levels. In our VIP group, we describe in more detail the usefulness of this indicator and, most importantly, the logic of its application.
Most indicators are actually nothing more than a trick for novice traders. They give confidence that using them you can earn. It's a lie. Over our entire career in trading, we have not yet met a single trader who would have been successful for a long time in trading indicators.
Our reviews are only accompanied by levels and technical figures with a detailed explanation of the reasons for the rise or fall. No indicators are used anymore.
In our opinion, if a trader uses a large number of indicators, then this is a weak sign of skill. If this works, then why are they still not millionaires? And if you are millionaires, then what's the point of sharing a profitable strategy with other market participants?
Obviously, it’s easiest to cover indicators with the trader’s incompetence, but it seems to us more that the reason is an attempt to make money by selling accessible information that can be found for free. The worst part is that it does not work and people who bought this technique will simply lose money.
Very often in public trading or analytics with traders you can notice a lot of all kinds of indicators on the chart. The most common fibonacci levels, overbought and oversold index, support and resistance levels, volume and so on. In fact, there are a huge number of indicators that are available to everyone.
Let's think now, if indicators are the key to success, then why so far no one has gotten rich using them. And why do many traders use them publicly if they could quietly earn money? The answer is obvious. 99% of indicators do not work. And that's why. The most basic reason is that the indicator is a lagging signal. It shows the entry point to the position a little later than it was necessary to open the position. Many indicators are based on what has already been done some time ago, but not what is being done at the moment. This is the main reason.
So what turns out that the indicators do not work? Not. We said that 0 99% are not working, but 1% is still useful. With our experience in trading financial markets for more than 10 years, we can highlight several effective indicators that will help make the right trading decision.
It should be understood that the indicator itself is worthless, and even if it shows a signal, then this is not just a winning trade. As a rule, indicators need to be combined with technical figures and the so-called price action.
The most working, in our opinion, are volume indicators and recently formed levels. Let us dwell on them.
The volume indicator shows the number of transactions that took place in a certain period of time. As a rule, if the volume is increased, then this indicates an increased interest of market participants. When the volume is sluggish, this indicates a weak market. In combination with this indicators, you can watch the breakdown of strong levels and candlestick analysis. It will also be useful to combine with technical analysis. For example, if a bull triangle formed and subsequently it was punched on the volume, then this usually says that the price will move on. If the breakup was on a sluggish volume, then this is most likely a false breakup and the price will return back to previous trading levels. We use the volume indicator almost always.
Here is another example of using a volume indicator. When the price is trending at a good volume, and then at some point the volume increases dramatically and a reversal pattern looms, for example a double bottom, then this is a strong buy signal. The logic is that at the moment of increased volume, the price met maximum resistance and will already move in the opposite direction.
The second indicator is recent support and resistance levels. In our VIP group, we describe in more detail the usefulness of this indicator and, most importantly, the logic of its application.
Most indicators are actually nothing more than a trick for novice traders. They give confidence that using them you can earn. It's a lie. Over our entire career in trading, we have not yet met a single trader who would have been successful for a long time in trading indicators.
Our reviews are only accompanied by levels and technical figures with a detailed explanation of the reasons for the rise or fall. No indicators are used anymore.
In our opinion, if a trader uses a large number of indicators, then this is a weak sign of skill. If this works, then why are they still not millionaires? And if you are millionaires, then what's the point of sharing a profitable strategy with other market participants?
Obviously, it’s easiest to cover indicators with the trader’s incompetence, but it seems to us more that the reason is an attempt to make money by selling accessible information that can be found for free. The worst part is that it does not work and people who bought this technique will simply lose money.
📸 💥DAILY SNAP-SHOT 7/21 💥 📸
🔸 Crypto Classics VIP 🔸
✅ #BTC 10% profit in open position
👉Check out profile on safetrading
👉Check out my TradingView
👉 JOIN VIP HERE 👈
Contact @GarryMet
🔸 Crypto Classics VIP 🔸
✅ #BTC 10% profit in open position
👉Check out profile on safetrading
👉Check out my TradingView
👉 JOIN VIP HERE 👈
Contact @GarryMet
Crypto traders
Crypto Classics: Paid Crypto Signals on Telegram Review & Audit — Safetrading
@CryptoClassicsVIP Crypto Classics - traders with years of experience, fresh ideas, crypto signals, etc. Don’t miss your chance and be the first to learn about them in our Crypto Classics review.
Forwarded from Crypto Classics VIP | Futures
[В ответ на Crypto Classics (VIP)]
Binance US, Coinbase Pro
#BTC/USD Take-Profit target 2 ✅
Profit: 5.9210% 📈
Period: 27 Hours 15 Minutes ⏰
Binance US, Coinbase Pro
#BTC/USD Take-Profit target 2 ✅
Profit: 5.9210% 📈
Period: 27 Hours 15 Minutes ⏰
Forwarded from Crypto Classics VIP | Futures
Forwarded from Crypto Classics VIP | Futures
📍Current BTC update:📍
✅ Bitcoin: Well. Interesting was a week for trading. After the inverted formation of the head and shoulders was drawn, the price broke through the upper boundary of the accumulation zone of $ 7,600 and continued to grow. At around $ 8,450, the price has unfolded and is currently testing the level of $ 7,800. Someone thinks that this movement was provoked by the likelihood of a major war between the United States and Iran. However, we believe that this is just a coincidence. After all, the head and shoulders pattern was formed long before these events, which could lead to war.
The movement was very small and this is not a sign of a price reversal. Too weak and a bit bitcoin has risen in price. The probability of a return to the trading range of $ 6,450 - $ 7,600 is greater than the likelihood of further growth, so we will close the rest of the positions in a small plus. And we will look for points to open a short position.
We do not exclude further price growth, however, for this we need to again form the premises and technical pattern. As a rule, it is difficult for the price to leave the accumulation zone slowly. This is an explosive movement after the breakdown, which we did not observe.
✅ Altcoins: Most altcoins experienced a slight technical increase, but some even began to fall. Total weakness in the market tells us that it’s too early to think about the season of altcoins. Signs of a weak market - with positive news, weak growth; with negative, a fairly rapid fall; no volume on rising prices. All this we observe in the current altcoin market. Yes, there are individual coins, but guessing which one will grow today is similar to roulette.
The dominance of bitcoin. At some point, the domination increased slightly and reached the level of 69%. At the moment, the indicator has decreased to 68.7%. No significant changes have occurred. We believe that everything is within the current situation. No signals to change the market. This condition is quite a long time, which by the way is good. When the change comes, it will be easier to notice them.
We do not give recommendations every day. We do not trade what we cannot explain and do not understand. Our task is not quantity but quality, and we came from traditional markets to the crypto market in order to earn money. For us, quality is more important than quantity. And also our reputation, because we are located on several public platforms that can easily be called scammers. It is important for us that it is better to be one signal per month, but profitable.
Wish you all good trades!
✅ Bitcoin: Well. Interesting was a week for trading. After the inverted formation of the head and shoulders was drawn, the price broke through the upper boundary of the accumulation zone of $ 7,600 and continued to grow. At around $ 8,450, the price has unfolded and is currently testing the level of $ 7,800. Someone thinks that this movement was provoked by the likelihood of a major war between the United States and Iran. However, we believe that this is just a coincidence. After all, the head and shoulders pattern was formed long before these events, which could lead to war.
The movement was very small and this is not a sign of a price reversal. Too weak and a bit bitcoin has risen in price. The probability of a return to the trading range of $ 6,450 - $ 7,600 is greater than the likelihood of further growth, so we will close the rest of the positions in a small plus. And we will look for points to open a short position.
We do not exclude further price growth, however, for this we need to again form the premises and technical pattern. As a rule, it is difficult for the price to leave the accumulation zone slowly. This is an explosive movement after the breakdown, which we did not observe.
✅ Altcoins: Most altcoins experienced a slight technical increase, but some even began to fall. Total weakness in the market tells us that it’s too early to think about the season of altcoins. Signs of a weak market - with positive news, weak growth; with negative, a fairly rapid fall; no volume on rising prices. All this we observe in the current altcoin market. Yes, there are individual coins, but guessing which one will grow today is similar to roulette.
The dominance of bitcoin. At some point, the domination increased slightly and reached the level of 69%. At the moment, the indicator has decreased to 68.7%. No significant changes have occurred. We believe that everything is within the current situation. No signals to change the market. This condition is quite a long time, which by the way is good. When the change comes, it will be easier to notice them.
We do not give recommendations every day. We do not trade what we cannot explain and do not understand. Our task is not quantity but quality, and we came from traditional markets to the crypto market in order to earn money. For us, quality is more important than quantity. And also our reputation, because we are located on several public platforms that can easily be called scammers. It is important for us that it is better to be one signal per month, but profitable.
Wish you all good trades!
Forwarded from Crypto Classics VIP | Futures
Binance US, Coinbase Pro
#BTC/USD Take-Profit target 3 ✅
Profit: 2.1073% 📈
Period: 3 Days 2 Hours 15 Minutes ⏰
#BTC/USD Take-Profit target 3 ✅
Profit: 2.1073% 📈
Period: 3 Days 2 Hours 15 Minutes ⏰
📍Current BTC update:📍
✅ Bitcoin: Many shout that a new bull market has arrived and it’s time to all in. Let's try to figure out if this is so. To begin with, let's say that most people who trade cryptocurrencies are too emotional and often look at the situation with bias. This makes it difficult to make the right decisions.
Yes. Bitcoin has been growing well for the second week. Since the last review, the price has risen by almost $ 1,000. As we already wrote, two long positions were opened, however we did not take much risk and closed the positions in a small plus. 70% of the current movement took place without us. We think you were in this situation. In no case should you catch up with the price. In our opinion, entering at current levels is quite a dangerous activity.
It is noteworthy that the price did not go much beyond the downward corridor. And we are still in a bear market. If you look at the chart (it will be the next post), you can see that the price has moved to the previous accumulation zone. We think that this is an intermediate zone, which will give us the opportunity to find a good entry point again. But much more interesting are the events on the altcoin market.
✅ Altcoins: The altcoin market has shown explosive growth over the past couple of days. In particular, several cryptocurrencies added 100% in the moment. Last ten months, altcoins didn’t really want to grow, which prompted us to follow them less closely.
However, the current situation has attracted our attention.
What can be associated with such growth and what can it lead to?
A noteworthy point is that relatively recently margin trading has been added to Binance. This can add more volatility to the market. The second interesting point is that the growth was on well, very large volumes. This tells us about the strength of the buyer.
Growth may be due to the need to drop a sufficiently large accumulated number of short positions. And this, in turn, can lead to higher prices in the future. The cryptocurrency market at the moment fully reflects the speculative nature and is not associated with the investment market. Unfortunately, many fraudulent ICOs gave rise to form just such an opinion.
You can read in detail our altcoin trading tactics in such situations in our VIP telegram channel.
The dominance of bitcoin is currently 66.4%. This is less than last time, but still within the acceptable range. The situation has not changed dramatically. So far, weak prerequisites have appeared that the market of top altcoins can still absorb capital, but you need to understand that these are not external injections, but capital in the system. Too much margin trading, which gives an excuse to those who create it, give an excuse to drop short positions on margin calls. Be extremely careful in trading altcoins.
✅ Bitcoin: Many shout that a new bull market has arrived and it’s time to all in. Let's try to figure out if this is so. To begin with, let's say that most people who trade cryptocurrencies are too emotional and often look at the situation with bias. This makes it difficult to make the right decisions.
Yes. Bitcoin has been growing well for the second week. Since the last review, the price has risen by almost $ 1,000. As we already wrote, two long positions were opened, however we did not take much risk and closed the positions in a small plus. 70% of the current movement took place without us. We think you were in this situation. In no case should you catch up with the price. In our opinion, entering at current levels is quite a dangerous activity.
It is noteworthy that the price did not go much beyond the downward corridor. And we are still in a bear market. If you look at the chart (it will be the next post), you can see that the price has moved to the previous accumulation zone. We think that this is an intermediate zone, which will give us the opportunity to find a good entry point again. But much more interesting are the events on the altcoin market.
✅ Altcoins: The altcoin market has shown explosive growth over the past couple of days. In particular, several cryptocurrencies added 100% in the moment. Last ten months, altcoins didn’t really want to grow, which prompted us to follow them less closely.
However, the current situation has attracted our attention.
What can be associated with such growth and what can it lead to?
A noteworthy point is that relatively recently margin trading has been added to Binance. This can add more volatility to the market. The second interesting point is that the growth was on well, very large volumes. This tells us about the strength of the buyer.
Growth may be due to the need to drop a sufficiently large accumulated number of short positions. And this, in turn, can lead to higher prices in the future. The cryptocurrency market at the moment fully reflects the speculative nature and is not associated with the investment market. Unfortunately, many fraudulent ICOs gave rise to form just such an opinion.
You can read in detail our altcoin trading tactics in such situations in our VIP telegram channel.
The dominance of bitcoin is currently 66.4%. This is less than last time, but still within the acceptable range. The situation has not changed dramatically. So far, weak prerequisites have appeared that the market of top altcoins can still absorb capital, but you need to understand that these are not external injections, but capital in the system. Too much margin trading, which gives an excuse to those who create it, give an excuse to drop short positions on margin calls. Be extremely careful in trading altcoins.