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.
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.
✅ 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
📍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.
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.
Forwarded from Crypto Classics VIP | Futures
Forwarded from Crypto Classics VIP | Futures
Forwarded from Crypto Classics VIP | Futures
Forwarded from Crypto Classics VIP | Futures
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.
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
Forwarded from Crypto Classics VIP | Futures
📍Big Current BTC update:📍
✅ Bitcoin: So so so! Since the last review, Bitcoin has significantly increased in price. And not only Bitcoin, the whole market was growing. This is a good sign for cryptocurrencies. When prices are equal to almost all assets, this indicates good support for market makers and the start of a long rally. But do not rush to rejoice.
We still consider the cryptocurrency market to be speculative and extremely dangerous, since cryptocurrencies are still not widely used. Moreover, in our opinion, this will happen only when international large conglomerates and international corporations consider it necessary. Only then, at the level of the USA or European government, laws will be adopted that can give just a very strong impetus to the development of the use of cryptocurrencies.
However, this does not happen. Partly, it is not difficult to control these processes, but it is a very costly affair. And creating an entire industry costs a lot of money. Of course, world governments have them. But another problem is growing, which is much more dangerous than a handful of cryptocurrencies with a total capitalization of $ 300 billion. There is a large-scale pumping of markets with liquidity. In America, 4 companies already have a total capitalization of $ 6 trillion. Also, these cache companies have a huge amount on their balance sheets and they couldn’t come up with anything better than buying back their own shares from the market, driving prices higher and higher.
But there is a more serious problem. This is the total government’s debt in the world. Of course, in developed countries there is no problem with this, since there is plenty of income to cover interest on the loan. But it is worth one fear to stagger in this regard and the whole house of cards can sprinkle.
What does this mean for us cryptocurrency market traders? These may be opportunities for further growth of the market as a whole and renewal of historical highs. But at the moment, the reality is that the cryptocurrency market has two components. This is a means of turnover on the black market and speculativeness.
Do not forget that at the moment, many cryptocurrency exchanges have added a margin. This means that it is possible to borrow money and trade with leverage. And this, in turn, means that you can lose money not when the market is worth zero, but when the calculated margin is over. In other words, using borrowed funds you can easily lose all the money in an instant. And we are more than confident that exchanges will use this. Therefore, we advise you to be very carefully and make transactions very carefully.
✅ Bitcoin: So so so! Since the last review, Bitcoin has significantly increased in price. And not only Bitcoin, the whole market was growing. This is a good sign for cryptocurrencies. When prices are equal to almost all assets, this indicates good support for market makers and the start of a long rally. But do not rush to rejoice.
We still consider the cryptocurrency market to be speculative and extremely dangerous, since cryptocurrencies are still not widely used. Moreover, in our opinion, this will happen only when international large conglomerates and international corporations consider it necessary. Only then, at the level of the USA or European government, laws will be adopted that can give just a very strong impetus to the development of the use of cryptocurrencies.
However, this does not happen. Partly, it is not difficult to control these processes, but it is a very costly affair. And creating an entire industry costs a lot of money. Of course, world governments have them. But another problem is growing, which is much more dangerous than a handful of cryptocurrencies with a total capitalization of $ 300 billion. There is a large-scale pumping of markets with liquidity. In America, 4 companies already have a total capitalization of $ 6 trillion. Also, these cache companies have a huge amount on their balance sheets and they couldn’t come up with anything better than buying back their own shares from the market, driving prices higher and higher.
But there is a more serious problem. This is the total government’s debt in the world. Of course, in developed countries there is no problem with this, since there is plenty of income to cover interest on the loan. But it is worth one fear to stagger in this regard and the whole house of cards can sprinkle.
What does this mean for us cryptocurrency market traders? These may be opportunities for further growth of the market as a whole and renewal of historical highs. But at the moment, the reality is that the cryptocurrency market has two components. This is a means of turnover on the black market and speculativeness.
Do not forget that at the moment, many cryptocurrency exchanges have added a margin. This means that it is possible to borrow money and trade with leverage. And this, in turn, means that you can lose money not when the market is worth zero, but when the calculated margin is over. In other words, using borrowed funds you can easily lose all the money in an instant. And we are more than confident that exchanges will use this. Therefore, we advise you to be very carefully and make transactions very carefully.
Forwarded from Crypto Classics VIP | Futures
Think for yourself if you had a tool that could give you the opportunity to make money on others, would you not? The answer is obvious. We write all this with one goal - to protect you from the loss of capital in the cryptocurrency market. We already wrote that trading is quite difficult. But you can greatly simplify trading if you have a system that combines risk and money management. If anyone is interested, then we can separately write a post about these two components of successful trading.
Now back to bitcoin. An increase of almost $ 5,000 from the bottom can tell us that someone is really systematically buying bitcoin. Since at the moment the cryptocurrency market exists for the black market and speculation, we do not even doubt that this growth is due to the money in the system. Such a hype, as in 2017, we do not see. We do not see an influx of new money either. Only marginality remains.
So it pushes the market up. Since additional crypto assets can be shorted or bought with leverage on many exchanges, additional money has appeared. But they should work. This means that there will be momentum coverage.
We have grown to the mark of 10,400 dollars. Just the number from which Bitcoin pushed off for the last time and fell to $ 6,600. We think that if there is no strong upward movement and then will be som ecoorection, then this will be a planned growth in the future, which gives us an excuse to hold a long position and cover our short position, which we opened for a long time at these prices. Anyone who has been following us since the fall knows that we have opened a short position at $ 10,300. Now it makes little profit. In case of further growth, we will cover it. Losses must always be cut, otherwise they can turn into a big problem.
If we consider the structure of the growth of bitcoin, then it resembles a completely harmonious movement. Only two things are alarming. First, there are no deep corrections, which is not typical for a normal market. The second is the angle of growth. The last time we saw such an angle of growth was a rather strong cut of the price down. We still hold 30% of the long position at a price of $ 9,350. With a sufficiently short stop and in the first case, we fix the profit.
What to do at the moment for those who did not have time to buy and missed this big move. There are two ways. For impatient breakdown of $ 10,500, you can open a long position, but you just have to put a stop at $ 10,300. Otherwise, you risk losing much more. You can catch the movement of 1,500 - 2,000 dollars against you easily. The second way is to wait for the pivot point and try to catch the rollback. We prefer the second way, because when you miss the entry point in good trend, it is better not to catch up with the price.
✅ Altcoins: From a review in which we pointed out fundamental shifts in altcoins throughout the market, a lot of things have already grown quite well. We also managed to earn more than 30% on individual altcoins and hold some promising ones. As always, the latest information and trading recommendations in our VIP channel. The altcoin market still looks good. Bitcoin dominance is declining and breaking down a critical mark of 65%, which increases the appetite for risky altcoins and the transfer of capital from bitcoin to altcons. At the moment, we do not see the prerequisites for a fall in assets in price. However, we recommend that you do not use shoulders and buy altcoins at current levels, if you do not put stops.
The dominance of bitcoin is currently 62% and continues to reduce. This is a good sign for altcoins. While the dynamics of their growth remains, although it would be very good if we saw a normal correction of the market. And that movement without rollbacks is alarming. This can be an extremely dangerous trap, especially for novice traders.
Now back to bitcoin. An increase of almost $ 5,000 from the bottom can tell us that someone is really systematically buying bitcoin. Since at the moment the cryptocurrency market exists for the black market and speculation, we do not even doubt that this growth is due to the money in the system. Such a hype, as in 2017, we do not see. We do not see an influx of new money either. Only marginality remains.
So it pushes the market up. Since additional crypto assets can be shorted or bought with leverage on many exchanges, additional money has appeared. But they should work. This means that there will be momentum coverage.
We have grown to the mark of 10,400 dollars. Just the number from which Bitcoin pushed off for the last time and fell to $ 6,600. We think that if there is no strong upward movement and then will be som ecoorection, then this will be a planned growth in the future, which gives us an excuse to hold a long position and cover our short position, which we opened for a long time at these prices. Anyone who has been following us since the fall knows that we have opened a short position at $ 10,300. Now it makes little profit. In case of further growth, we will cover it. Losses must always be cut, otherwise they can turn into a big problem.
If we consider the structure of the growth of bitcoin, then it resembles a completely harmonious movement. Only two things are alarming. First, there are no deep corrections, which is not typical for a normal market. The second is the angle of growth. The last time we saw such an angle of growth was a rather strong cut of the price down. We still hold 30% of the long position at a price of $ 9,350. With a sufficiently short stop and in the first case, we fix the profit.
What to do at the moment for those who did not have time to buy and missed this big move. There are two ways. For impatient breakdown of $ 10,500, you can open a long position, but you just have to put a stop at $ 10,300. Otherwise, you risk losing much more. You can catch the movement of 1,500 - 2,000 dollars against you easily. The second way is to wait for the pivot point and try to catch the rollback. We prefer the second way, because when you miss the entry point in good trend, it is better not to catch up with the price.
✅ Altcoins: From a review in which we pointed out fundamental shifts in altcoins throughout the market, a lot of things have already grown quite well. We also managed to earn more than 30% on individual altcoins and hold some promising ones. As always, the latest information and trading recommendations in our VIP channel. The altcoin market still looks good. Bitcoin dominance is declining and breaking down a critical mark of 65%, which increases the appetite for risky altcoins and the transfer of capital from bitcoin to altcons. At the moment, we do not see the prerequisites for a fall in assets in price. However, we recommend that you do not use shoulders and buy altcoins at current levels, if you do not put stops.
The dominance of bitcoin is currently 62% and continues to reduce. This is a good sign for altcoins. While the dynamics of their growth remains, although it would be very good if we saw a normal correction of the market. And that movement without rollbacks is alarming. This can be an extremely dangerous trap, especially for novice traders.