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BTCUSD for BINANCE:BTCUSDT by Garry_MyT
Maybe the time has already come?
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📍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
📍World markets and economy📍
S&P 500 -3.5%, Trump said the next two weeks will be "very painful" for Americans, as the White House predicts that a coronavirus pandemic could kill 100,000 to 240,000 lives.
The worst-case scenario of a US coronavirus pandemic was also voiced, according to which the death toll could reach 1.5-2.2 million.
An additional negative is the current situation with the spread of the coronavirus: the results of March 31 saw an increase in the rate of increase in the number of new cases, although before that there were certain signs of stabilization of the situation, which as a result were not justified.
S&P 500 -3.5%, Trump said the next two weeks will be "very painful" for Americans, as the White House predicts that a coronavirus pandemic could kill 100,000 to 240,000 lives.
The worst-case scenario of a US coronavirus pandemic was also voiced, according to which the death toll could reach 1.5-2.2 million.
An additional negative is the current situation with the spread of the coronavirus: the results of March 31 saw an increase in the rate of increase in the number of new cases, although before that there were certain signs of stabilization of the situation, which as a result were not justified.
Forwarded from Crypto Classics VIP | Futures
📍Current BTC update:📍
✅ Bitcoin: For two weeks the price is in an exhausting side. It is quite difficult to trade in such periods, since the movements are often false.
On small time frames, trading turns into a game in such ranges. The only right decision is to trade from the indicated levels of resistance and support.
After a fairly strong fall, an equally strong rebound followed, but we still could not take the mark of 7,000 dollars and were stuck in the range of 5,800 - 6,400 dollars. The formation of the “Head and Shoulders” model from the top of the growth gave the first sign that the price can no longer grow further.
At the moment we are exactly in the middle. From experience we can say that, as a rule, after such falls one more, or even two, follows. They are made for those who think that they are smarter than everyone and purchased at good prices.
We already wrote that we are expecting a bottom update. Especially considering not very good news from traditional markets, and now, as we wrote, there is a complete correlation. Today, the American Index S&P 500 opened with gap down and continued to fall. Currently, the price is at the level of -4.5%.
Our tactics. We have opened short positions in three cryptocurrencies, one with leverage, as we understand that there is a high probability that prices will update the bottom. This is a chance to make good money.
At the moment, short positions bring a small profit. Usually we recommend loading the deposit at 30%, maximum 60%. This is done so that in case of force majeure not to lose a lot and there are still funds on deposit in addition. However, now we are confident that the market can go down well, so the workload is 100%.
However, there are some nuances. Usually we do not physically put stops (in our VIP group there is a denoscription of working with stops). This is done in order to rethink the situation a little if the exit zone is reached in the red, maybe you should still not cover it and add half a percent, since the market is speculative and the exchanges can be shaken out by stops.
But in this case, with a load of 100% deposit, we put physical stops on the exchange. This is done so that in the event of a sharp change in the situation, we will be knocked out, and not have to go out with our hands somewhere far away. This is part of risk management. In our VIP channel, in the next two weeks we will write training articles on working with stops and on working with risk and money management.
✅ Altcoins: Top 5 altcoins by capitalization repeat the movement of bitcoin. We have opened two short positions in the most interesting and frisky. They showed themselves to be quite volatile.
In general, in the current market, it is not recommended to buy altcoins, even if they look good. This is part of risk management. Believe us, one day it will save your deposit. While the course is down the entire market.
The dominance of bitcoin at the moment is 64.8%. Over the past few months, the balance between bitcoin and altcoins has not changed relatively.
This means that there is no flow of capital and the market is balanced. This also means that there is no influx of new money, and therefore the market does not have fuel for growth. Unless exchanges can drive prices up to margin calls and stop fees.
No wonder they introduced the margin and gave everyone calculators for calculating leverages and margin. All information about your positions they have access to, which means that if you are trading with leverage, you should be extremely accurate and quick on exits. Otherwise, you risk losing everything.
✅ Bitcoin: For two weeks the price is in an exhausting side. It is quite difficult to trade in such periods, since the movements are often false.
On small time frames, trading turns into a game in such ranges. The only right decision is to trade from the indicated levels of resistance and support.
After a fairly strong fall, an equally strong rebound followed, but we still could not take the mark of 7,000 dollars and were stuck in the range of 5,800 - 6,400 dollars. The formation of the “Head and Shoulders” model from the top of the growth gave the first sign that the price can no longer grow further.
At the moment we are exactly in the middle. From experience we can say that, as a rule, after such falls one more, or even two, follows. They are made for those who think that they are smarter than everyone and purchased at good prices.
We already wrote that we are expecting a bottom update. Especially considering not very good news from traditional markets, and now, as we wrote, there is a complete correlation. Today, the American Index S&P 500 opened with gap down and continued to fall. Currently, the price is at the level of -4.5%.
Our tactics. We have opened short positions in three cryptocurrencies, one with leverage, as we understand that there is a high probability that prices will update the bottom. This is a chance to make good money.
At the moment, short positions bring a small profit. Usually we recommend loading the deposit at 30%, maximum 60%. This is done so that in case of force majeure not to lose a lot and there are still funds on deposit in addition. However, now we are confident that the market can go down well, so the workload is 100%.
However, there are some nuances. Usually we do not physically put stops (in our VIP group there is a denoscription of working with stops). This is done in order to rethink the situation a little if the exit zone is reached in the red, maybe you should still not cover it and add half a percent, since the market is speculative and the exchanges can be shaken out by stops.
But in this case, with a load of 100% deposit, we put physical stops on the exchange. This is done so that in the event of a sharp change in the situation, we will be knocked out, and not have to go out with our hands somewhere far away. This is part of risk management. In our VIP channel, in the next two weeks we will write training articles on working with stops and on working with risk and money management.
✅ Altcoins: Top 5 altcoins by capitalization repeat the movement of bitcoin. We have opened two short positions in the most interesting and frisky. They showed themselves to be quite volatile.
In general, in the current market, it is not recommended to buy altcoins, even if they look good. This is part of risk management. Believe us, one day it will save your deposit. While the course is down the entire market.
The dominance of bitcoin at the moment is 64.8%. Over the past few months, the balance between bitcoin and altcoins has not changed relatively.
This means that there is no flow of capital and the market is balanced. This also means that there is no influx of new money, and therefore the market does not have fuel for growth. Unless exchanges can drive prices up to margin calls and stop fees.
No wonder they introduced the margin and gave everyone calculators for calculating leverages and margin. All information about your positions they have access to, which means that if you are trading with leverage, you should be extremely accurate and quick on exits. Otherwise, you risk losing everything.
Forwarded from Crypto Classics VIP | Futures
Conclusion Today, a downward movement has begun, it is possible that this is just an oscillation and we will grow again, but we see no reason for growth. Unless only to knock out short positions, but then you need to drive the price to the level of 7,800 dollars. It is expensive and nobody needs. Much more people bought, as they think at a good price. Nevertheless, be careful and comply with risk and money management. Very often this is much more important than the trading itself.
Take care.
Take care.
Forwarded from Crypto Classics VIP | Futures
📍Current big Market update:📍
✅World markets: Last week was marked by a fall in world markets. However, this decline was no longer as rapid as at the very beginning of the collapse of the markets. Moreover, inside the day trading there were often strong sharp movements both in one direction and in the other.
This was due to the fact that countries that produce oil for export can't agree on a balance in the oil production market.
Donald Trump in his speech to the nation said that the coronavirus could take, according to conservative estimates, from 200,000 to 300,000 American lives. In the worst case, 3-4 million. And this is in the largest and most reliable economy in the world. What will happen to the rest can only be guessed.
A number of fiscal measures were also taken in the form of assistance to companies, for which the governments of the world countries allocated quite large amounts. However, in our opinion this will not be enough for long. The global crisis is just beginning.
✅ Bitcoin:In our practice, it was not often possible to observe the model that Bitcoin draws. On the one hand, we understand that there are practically no drivers for price increases. The cryptocurrency market is the most risky, and for money to flow here you need a lot of good reasons.
On the other hand, a third peak model is being formed, which with a probability of more than 50% will lead to an increase in price. It turns out that fundamentally this is a fall, but technically a growth.
Moreover, that. What is happening last week in the market, we consider the usual shaking of the positions of both long and short. Given the speculative nature of this market, this is normal. Nor is it time to rise or fall in price.
The current accumulation zone has dragged on and, in essence, its borders can be made wider. All that the price does within the boundaries is a 50-50 game, however, if the boundaries are broken, the price will go in the direction of breakdown.
Our tactics. At the moment, we are in a long position on Bitcoin, since the short model was broken and we are at the upper border of a wide trading range of 5,800 - 7,000 dollars. Two false breakdowns of the level of 7,000 dollars are alarming, but then there was no strong or sharp drop in price, which gives us an occasion to leave the position with the current stop level. If the position does not work, then our next actions will be taken near the level of $ 5,800.
Of course, there will be short-term trading recommendations, but we realized that we need to reduce both stop and take profit, since the price does not go with the previous volatility.
✅ Altcoins: The top 5 by capitalization has not gone far from the behavior of the price of bitcoin. We have a hedge short position in one altcon.
In the event that Bitcoin breaks the upper limit and leaves the price above $ 7,200, we will close this position and open with a leverage a long, but already different altcoin, which is growing more rapidly. Follow the recommendations. The rest of the altcoin market leaves much to be desired.
The dominance of bitcoin. At the moment, the dominance of Bitcoin is 65%, which is slightly more than it was since the last review. It is possible that there is a transfer of capital to a more reliable cryptocurrency. It is necessary to observe the dynamics of domination growth. If it is fast and, at the same time, bitcoin does not increase in price, then this is a signal for a quick collapse of bitcoin, and then even more collapse of the altcoin market.
Be careful in choosing a crypto asset. We have all positions open, and we are closely monitoring the market. In the event of any changes, steps will certainly be taken to rebalance the portfolio.
✅World markets: Last week was marked by a fall in world markets. However, this decline was no longer as rapid as at the very beginning of the collapse of the markets. Moreover, inside the day trading there were often strong sharp movements both in one direction and in the other.
This was due to the fact that countries that produce oil for export can't agree on a balance in the oil production market.
Donald Trump in his speech to the nation said that the coronavirus could take, according to conservative estimates, from 200,000 to 300,000 American lives. In the worst case, 3-4 million. And this is in the largest and most reliable economy in the world. What will happen to the rest can only be guessed.
A number of fiscal measures were also taken in the form of assistance to companies, for which the governments of the world countries allocated quite large amounts. However, in our opinion this will not be enough for long. The global crisis is just beginning.
✅ Bitcoin:In our practice, it was not often possible to observe the model that Bitcoin draws. On the one hand, we understand that there are practically no drivers for price increases. The cryptocurrency market is the most risky, and for money to flow here you need a lot of good reasons.
On the other hand, a third peak model is being formed, which with a probability of more than 50% will lead to an increase in price. It turns out that fundamentally this is a fall, but technically a growth.
Moreover, that. What is happening last week in the market, we consider the usual shaking of the positions of both long and short. Given the speculative nature of this market, this is normal. Nor is it time to rise or fall in price.
The current accumulation zone has dragged on and, in essence, its borders can be made wider. All that the price does within the boundaries is a 50-50 game, however, if the boundaries are broken, the price will go in the direction of breakdown.
Our tactics. At the moment, we are in a long position on Bitcoin, since the short model was broken and we are at the upper border of a wide trading range of 5,800 - 7,000 dollars. Two false breakdowns of the level of 7,000 dollars are alarming, but then there was no strong or sharp drop in price, which gives us an occasion to leave the position with the current stop level. If the position does not work, then our next actions will be taken near the level of $ 5,800.
Of course, there will be short-term trading recommendations, but we realized that we need to reduce both stop and take profit, since the price does not go with the previous volatility.
✅ Altcoins: The top 5 by capitalization has not gone far from the behavior of the price of bitcoin. We have a hedge short position in one altcon.
In the event that Bitcoin breaks the upper limit and leaves the price above $ 7,200, we will close this position and open with a leverage a long, but already different altcoin, which is growing more rapidly. Follow the recommendations. The rest of the altcoin market leaves much to be desired.
The dominance of bitcoin. At the moment, the dominance of Bitcoin is 65%, which is slightly more than it was since the last review. It is possible that there is a transfer of capital to a more reliable cryptocurrency. It is necessary to observe the dynamics of domination growth. If it is fast and, at the same time, bitcoin does not increase in price, then this is a signal for a quick collapse of bitcoin, and then even more collapse of the altcoin market.
Be careful in choosing a crypto asset. We have all positions open, and we are closely monitoring the market. In the event of any changes, steps will certainly be taken to rebalance the portfolio.
Forwarded from Crypto Classics VIP | Futures
In conclusion, we would like to say that there are periods when the price is actively moving and the chances of earning money in the market are higher than losing, and there are periods when the price is in a long range, then it’s only worth opening positions at the range boundaries.
Take care!
Take care!
Forwarded from Crypto Classics VIP | Futures
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BTCUSDT for BINANCE:BTCUSDT by Garry_MyT
Our position on bitcoin price development scenarios
Forwarded from Crypto Classics VIP | Futures
TradingView
BTCUSDT for BINANCE:BTCUSDT by Garry_MyT
Interesting point on the chart
Forwarded from Crypto Classics Crypto Signals
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💥 Platinum sibnoscription💥
available only for 24 hours from now, join Crypto Classics and get 25% discount with the CC25 code on all pack including the Diamond (Gold and Platinum).
👉 @damian_classics
available only for 24 hours from now, join Crypto Classics and get 25% discount with the CC25 code on all pack including the Diamond (Gold and Platinum).
👉 @damian_classics
Forwarded from Crypto Classics Crypto Signals
You have a cryptocurrency portfolio and the price of it have fallen? 💰
Panic? 🤯
You don’t know what to do, do you?
Convert everything to USDT or continue trading?
What to do with shitcoins?
For the last week we received more than 350 requests from users with those or other questions.
Our team will assess the status of your portfolio❕
We will help to you to deal the current situation based on our professional experience.
Only Today ❗️❗️❗️
Get a 1 hour of free consultation of our experts and stop losing your capital:
@damian_classics
Panic? 🤯
You don’t know what to do, do you?
Convert everything to USDT or continue trading?
What to do with shitcoins?
For the last week we received more than 350 requests from users with those or other questions.
Our team will assess the status of your portfolio❕
We will help to you to deal the current situation based on our professional experience.
Only Today ❗️❗️❗️
Get a 1 hour of free consultation of our experts and stop losing your capital:
@damian_classics
Forwarded from Crypto Classics VIP | Futures
Binance US, Coinbase Pro
#BTC/USD Take-Profit target 1 ✅
Profit: 4,2857% 📈
Period: 2 Days 10 Hours 33 minutes ⏰
#BTC/USD Take-Profit target 1 ✅
Profit: 4,2857% 📈
Period: 2 Days 10 Hours 33 minutes ⏰
Forwarded from Crypto Classics VIP | Futures
📍Informative article:📍
World financial crisis or a small recession?
How long can it last? You need to understand that the world economy is a huge locomotive, and it will slow down for a long time and with a delay of a quarter or two.
That is, what is happening with the economy, companies and people will feel in a couple of months. What is happening now is the result of government action since the beginning of the year.
In many countries, quarantines have been extended, and in some strict measures have been introduced to curb the extension of the epidemic. However, as we see it does not help. So quarantine can be prolongated. Which will undoubtedly affect the economy of the world.
According to our forecasts, the economic downturn will last half a year - a year, and then in the event that many countries close the strict quarantine and make it possible for the business to start working.
Otherwise, a long and very serious crisis awaits us. Even if it is possible to stop the extension of the virus, it will still take time, at least a year, to restore the global economy. Everything will depend only on the extension of the epidemic and how to prevent it… continuation of the article on Friday.
World financial crisis or a small recession?
How long can it last? You need to understand that the world economy is a huge locomotive, and it will slow down for a long time and with a delay of a quarter or two.
That is, what is happening with the economy, companies and people will feel in a couple of months. What is happening now is the result of government action since the beginning of the year.
In many countries, quarantines have been extended, and in some strict measures have been introduced to curb the extension of the epidemic. However, as we see it does not help. So quarantine can be prolongated. Which will undoubtedly affect the economy of the world.
According to our forecasts, the economic downturn will last half a year - a year, and then in the event that many countries close the strict quarantine and make it possible for the business to start working.
Otherwise, a long and very serious crisis awaits us. Even if it is possible to stop the extension of the virus, it will still take time, at least a year, to restore the global economy. Everything will depend only on the extension of the epidemic and how to prevent it… continuation of the article on Friday.