Crypto Classics Crypto Signals – Telegram
Crypto Classics Crypto Signals
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CryptoClassics (CC) is a team of crypto professionals who come from the traditional trade market.
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📍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.
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📍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.
Binance US, Coinbase Pro
#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.
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Binance US, Coinbase Pro
#BTC/USD Take-Profit target 2
Profit: 5.9210% 📈
Period: 27 Hours 15 Minutes
Forwarded from Crypto Classics VIP | Futures
Binance US, Coinbase Pro
#BTC/USD Take-Profit target 1
Profit: 3.75% 📈
Period: 1 Hours 15 Minutes
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📍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!
Forwarded from Crypto Classics VIP | Futures
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
📍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.
Forwarded from Crypto Classics VIP | Futures
Forwarded from Crypto Classics VIP | Futures
📍Quick BTC update:📍
For those who are afraid that they failed to buy. Just an interesting picture for thought
Forwarded from Crypto Classics VIP | Futures
📍Current BTC update:📍

Bitcoin: Markets are inherently chaotic. Price moves as a result of the impact on it of both buyers and sellers. Imagine you that need to buy and sell one hundred people at the same time. They come to the market and at the moment try to make a deal.

Price fluctuations in the market are precisely due to the fact that someone is buying, someone is selling. But at a certain point, buyers and sellers miraculously gain an equal driving force, and the price begins with corrections to move in a certain direction. We will write an article on understanding market processes in our VIP channel. We believe that the information we share in this article is very valuable for understanding the processes of trade and pricing in the market.

The best and most interesting moment of the entry point is a violation of the market structure. Something that happens rarely, but good.

Since the breakup of the upper boundary of a very strong accumulation zone, Bitcoin has gone up and at the moment reached the level of $ 9,200. This is a completely normal movement within the current picture of Bitcoin price movement. Once again, we are convinced that the cryptocurrency market currently has an exclusively speculative component. No investments, only trading with the goal of being smarter than others.

As part of a downtrend, the price has not violated the pattern, and we still see that bitcoin can fall further and even update local lows. However, everything has its time and enter the position is too early. Both short and long.

On the graph we show the course of our thoughts. As always, when there is a good entry point, we will definitely give a recommendation. In the meantime, we are waiting.

Altcoins: Enough time has passed since the start of the altcoin movement. Prices have adjusted and we see the potential for further growth. It is noteworthy that these were quite strong movements, in some more than 100% and we think that the update of local maximum should follow. Next will be seen. Positions are open. The stops are exposed.

The dominance of bitcoin is gradually falling, and currently 65.7%. Bitcoin stands at a level, altcoins fluctuate a bit. This means that part of the capital is still redistributed into altcoins. But do not rely heavily on the altcoin season. Redistribution of balance is still slow and weak. We hope that market movements have just begun and things will continue.
Forwarded from Crypto Classics VIP | Futures
Forwarded from Crypto Classics VIP | Futures
📍Quick update:📍
Until the end of the week, a large overview of cryptocurrency markets will be released. In the meantime, a small update.

The current price is very attractive in terms of opening positions. We already wrote about the zone of reversal points. This is her. It is now favorable to open a short position below $ 9,000. And Long above 9 150 dollars. In case of a false breakdown, you can roll over.
The altcoin market looks good. It seems that the bullish season may continue. But it seems to us that Bitcoin will set the tone for the movement anyway.
As always, we give the actual entry points to the position in the VIP channel.
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Binance US, Coinbase Pro
#ZEC/USD Take-Profit target 1
Profit: 25,0154% 📈
Period: 10 Days
Forwarded from Crypto Classics VIP | Futures
Binance US, Coinbase Pro
#ZEC/USDT Take-Profit target 2
Profit: 35,0154% 📈
Period: 10 Days
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Binance US, Coinbase Pro
#BTC/USD Take-Profit target 1
Profit: 3,2085% 📈
Period: 7 Days
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Quick update. In a previous review, we pointed out that bitcoin sets the tone for movement throughout the market. Currently, Bitcoin is forming a pattern in the continuation of growth. While there were no significant corrections, you can try to take small take profits with small stops.
It is necessary to be extremely careful as at any moment there can be a strong squeeze down. The altcoin market is happy and we are seeing continued growth. Our positions have successfully achieved the goals by 50%. We look forward to further developments and interesting entry points.
Forwarded from Crypto Classics VIP | Futures
Binance US, Coinbase Pro
#BTC/USD Take-Profit target 2
Profit: 4,8128% 📈
Period: 8 Days