Hello dear guys, I hope you are doing great.
At the moment, it is 4 AM here. We were working hard whole day on our projects that are going to improve our channel quality even more!
We called BTC today at 9280 in paid channel ( I would post proof but I have problems with taking screenshots so it will be shared once I sort it out ) that we think local minimum is reached and it has to reach at least 9450 and it happened. So, it may continue and if that happens we may see BTC at 9600. More it retraces, it indicates that bulls are still strong.
But, in my opinion, this is proof of my prediction that without big correction, we won't see new ATH easily. It is easy to explain. Check RSI. We entered oversold area on daily chart at 9.8k and you think BTC can go up from that point more? I can't be bullish when the most powerful indicator is showing bearish sign. If it can dump wihout big FUD, what will happen if Indian ban start banning crypto again, or what will happen if China start banning? Nothing will be banned but it will created short-term FUD that will crash the Bitcoin so I am still thinking that BTC didn't reach the bottom of this correction that started in December 2017.
Do not call me FUDer. I called long position on paid channel so I am just following TA and I am not either bullish or bearish. If it is showing bullish signs, I will take long! If it is showing bearish, I will take short and that's it. My goal is growing BTC because in some time BTC will reach $100 000 and I want to have a lot of BTC in that moment so I do not worry at all for short-term decline but I am trying to take benefit from that.
So, currently BTC is in sideways action so I will not enter new trade. I am waiting to close my long opened at 9280 and then wait for new safe entry.
Tomorrow will be shared one signal so stay tuned! We have few more updates to make tomorrow so tomorrow should be active day in our free channel 😉
If you like our posts, if you like our work, you can invite your friends to join us and help us grow our community!
You can invite them via this link: https://news.1rj.ru/str/CryptoExpertSignals
Thank you, CS Team! ❤️
At the moment, it is 4 AM here. We were working hard whole day on our projects that are going to improve our channel quality even more!
We called BTC today at 9280 in paid channel ( I would post proof but I have problems with taking screenshots so it will be shared once I sort it out ) that we think local minimum is reached and it has to reach at least 9450 and it happened. So, it may continue and if that happens we may see BTC at 9600. More it retraces, it indicates that bulls are still strong.
But, in my opinion, this is proof of my prediction that without big correction, we won't see new ATH easily. It is easy to explain. Check RSI. We entered oversold area on daily chart at 9.8k and you think BTC can go up from that point more? I can't be bullish when the most powerful indicator is showing bearish sign. If it can dump wihout big FUD, what will happen if Indian ban start banning crypto again, or what will happen if China start banning? Nothing will be banned but it will created short-term FUD that will crash the Bitcoin so I am still thinking that BTC didn't reach the bottom of this correction that started in December 2017.
Do not call me FUDer. I called long position on paid channel so I am just following TA and I am not either bullish or bearish. If it is showing bullish signs, I will take long! If it is showing bearish, I will take short and that's it. My goal is growing BTC because in some time BTC will reach $100 000 and I want to have a lot of BTC in that moment so I do not worry at all for short-term decline but I am trying to take benefit from that.
So, currently BTC is in sideways action so I will not enter new trade. I am waiting to close my long opened at 9280 and then wait for new safe entry.
Tomorrow will be shared one signal so stay tuned! We have few more updates to make tomorrow so tomorrow should be active day in our free channel 😉
If you like our posts, if you like our work, you can invite your friends to join us and help us grow our community!
You can invite them via this link: https://news.1rj.ru/str/CryptoExpertSignals
Thank you, CS Team! ❤️
I told you, in a year, two or five, crypto will be mainstream adopted. That's why we should focus to grow it now and stop distracting ourselves by current price. Forget it and think how to grow BTC or crypto currency you think will make you rich.
The owner of the New York Stock Exchange (NYSE) is mulling letting customers buy and hold Bitcoin, The New York Times reported late Monday, May 7. The move would be the second Wall Street giant in a week to reportedly open up to crypto. The news comes just days after the publication quoted a Goldman Sachs executive, who appeared to confirm the bank would debut Bitcoin futures “within weeks”.
Do not regret later because once we get mainstream adopted, price of BTC will be "AT LEAST" 10x from current price. Keep it in mind!
The owner of the New York Stock Exchange (NYSE) is mulling letting customers buy and hold Bitcoin, The New York Times reported late Monday, May 7. The move would be the second Wall Street giant in a week to reportedly open up to crypto. The news comes just days after the publication quoted a Goldman Sachs executive, who appeared to confirm the bank would debut Bitcoin futures “within weeks”.
Do not regret later because once we get mainstream adopted, price of BTC will be "AT LEAST" 10x from current price. Keep it in mind!
Hello guys, how are you doing?
We can see that market is not so bullish like it was 3 days ago. After few days of shilling and expecting 10k, we are now back in reality. They are not so bullish now. I was watching few reviews and most of them shared that BTC is heading down to 8.5k so I decided to give my personal opinion.
BTC/USD chart: http://prntscr.com/jfm07b
As you can see, there are a lot of lines, indicators and parameters.
It is obviously that BTC is still high (a little bit under 0.236BTC) and by default it is extremely bullish sign. Next potential support by fibonacci is at 0.382 fibonacci (8.7k) and if BTC finds support there, it is still very bullish. By default,expected retracement is to 0.618 fib level ( aka Golden ratio ). In this example it is at 7950.
So, if market is scared at 0.236 fib level, what will happen at 0.618?
EMA 21 is crossing over EMA 55 and by default it is bearish signal. I am saying a lot of time "by default" because I want you to know what is bearish and what is bullish signs by default or by books or in theory! At the end, I will express my opinion, I am just now only sharing the facts!
Main part of my chart belongs to channel. Channel is marked by this bright purple color. If channel tends to go up, do not mix that with ascending wedge!
In forex, one of the most important patterns is channel. Because most of traders are buying at the support and selling at the resistance ( going long and going short to be precise ). So, someone will say it is bearish! No, it is not! It is a little bit more bearish but not so much! There is a lot of stop loss under that channel so if they push price to 8800-8900, I think BTC won't stop there but continue to fall maybe even to 8000.
But, RSI man is here so I want to tell you few things about RSI. Look at it, it is forming channel too?! Right? Yeah, and it is not falling wedge but channel pattern.
RSI channel is forming lower highs and lows but BTC channel is forming hiigher higher and lows. What does it mean? Magic word : DIVERGENCE!
It is not easy to stop it so it is showing that price has great chances to retrace. So, if I have to predict BTC price, then if we stay above 8900, we are going up🚀
How much up? It depends and we will try to predict it once uptrend is confirmed.
So to sum up, if price stays above 8900, we will probably go up because stop losses are not in area between 8900 and 9000 but bellow 8900 or at least below 8950. How do I know? Area 8950-9000 was tested today and it didn't create massive sell out so stop losses are lower.
My opinion? I think BTC has solid chance to got first to 9.3k and then maybe to 9.5k. Further prediction will be shared later if these levels get reached!
If you like our posts, if you like our work, you can invite your friends to join us and help us grow our community!
You can invite them via this link: https://news.1rj.ru/str/CryptoExpertSignals
Thank you, CS Team! ❤️
We can see that market is not so bullish like it was 3 days ago. After few days of shilling and expecting 10k, we are now back in reality. They are not so bullish now. I was watching few reviews and most of them shared that BTC is heading down to 8.5k so I decided to give my personal opinion.
BTC/USD chart: http://prntscr.com/jfm07b
As you can see, there are a lot of lines, indicators and parameters.
It is obviously that BTC is still high (a little bit under 0.236BTC) and by default it is extremely bullish sign. Next potential support by fibonacci is at 0.382 fibonacci (8.7k) and if BTC finds support there, it is still very bullish. By default,expected retracement is to 0.618 fib level ( aka Golden ratio ). In this example it is at 7950.
So, if market is scared at 0.236 fib level, what will happen at 0.618?
EMA 21 is crossing over EMA 55 and by default it is bearish signal. I am saying a lot of time "by default" because I want you to know what is bearish and what is bullish signs by default or by books or in theory! At the end, I will express my opinion, I am just now only sharing the facts!
Main part of my chart belongs to channel. Channel is marked by this bright purple color. If channel tends to go up, do not mix that with ascending wedge!
In forex, one of the most important patterns is channel. Because most of traders are buying at the support and selling at the resistance ( going long and going short to be precise ). So, someone will say it is bearish! No, it is not! It is a little bit more bearish but not so much! There is a lot of stop loss under that channel so if they push price to 8800-8900, I think BTC won't stop there but continue to fall maybe even to 8000.
But, RSI man is here so I want to tell you few things about RSI. Look at it, it is forming channel too?! Right? Yeah, and it is not falling wedge but channel pattern.
RSI channel is forming lower highs and lows but BTC channel is forming hiigher higher and lows. What does it mean? Magic word : DIVERGENCE!
It is not easy to stop it so it is showing that price has great chances to retrace. So, if I have to predict BTC price, then if we stay above 8900, we are going up🚀
How much up? It depends and we will try to predict it once uptrend is confirmed.
So to sum up, if price stays above 8900, we will probably go up because stop losses are not in area between 8900 and 9000 but bellow 8900 or at least below 8950. How do I know? Area 8950-9000 was tested today and it didn't create massive sell out so stop losses are lower.
My opinion? I think BTC has solid chance to got first to 9.3k and then maybe to 9.5k. Further prediction will be shared later if these levels get reached!
If you like our posts, if you like our work, you can invite your friends to join us and help us grow our community!
You can invite them via this link: https://news.1rj.ru/str/CryptoExpertSignals
Thank you, CS Team! ❤️
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Bear VS Bull 😜😆🤣
Who is going to win?🤔
It looks like Bear is using stop loss 😒😅
Who is going to win?🤔
It looks like Bear is using stop loss 😒😅
BTC/USD: http://prntscr.com/jfwnnz
It has reached our first target of 9.3k that was posted this morning!
Let's see if it is going follow our prediction.
Key level is 9.5k! Breaking this level will lead us to potential target of 10k.
Rejection will lead us to test 9k again. At the moment I am holding my long position and waiting for 9.35-9.5k area to close half of position and book the profit. Then will wait to see what will happen with resistance. If I see some bullish signs, I will keep rest of my long position. Otherwise, I am going close whole position!
If you like our posts, if you like our work, you can invite your friends to join us and help us grow our community!
You can invite them via this link: https://news.1rj.ru/str/CryptoExpertSignals
Thank you, CS Team! ❤️
It has reached our first target of 9.3k that was posted this morning!
Let's see if it is going follow our prediction.
Key level is 9.5k! Breaking this level will lead us to potential target of 10k.
Rejection will lead us to test 9k again. At the moment I am holding my long position and waiting for 9.35-9.5k area to close half of position and book the profit. Then will wait to see what will happen with resistance. If I see some bullish signs, I will keep rest of my long position. Otherwise, I am going close whole position!
If you like our posts, if you like our work, you can invite your friends to join us and help us grow our community!
You can invite them via this link: https://news.1rj.ru/str/CryptoExpertSignals
Thank you, CS Team! ❤️
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If you were in our paid group, you would enjoy nice profit on short positions on BTC and BCH opened few hours ago. Thanks to our CS team, we were able to predict this correction!
Proofs of posts:
1) http://prntscr.com/jg9xe1
2) http://prntscr.com/jg9z5p
On 1st chart we hide 2nd coin because it is still in buy area so it would be disrespectful to share because of both free and paid members.
At the moment, we are analyzing BTC but it was showing bearish signs that were confirmed by this drop. How much can we expect to go down is hard question but you are lucky that you are in our channel so our team will do our best in order to predict next BTC move.
If you like our content, you can support us by inviting your friends to join us to help us grow our community.
You can invite them via this link: https://news.1rj.ru/str/CryptoExpertSignals
Thank you, CS Team! ❤️
Proofs of posts:
1) http://prntscr.com/jg9xe1
2) http://prntscr.com/jg9z5p
On 1st chart we hide 2nd coin because it is still in buy area so it would be disrespectful to share because of both free and paid members.
At the moment, we are analyzing BTC but it was showing bearish signs that were confirmed by this drop. How much can we expect to go down is hard question but you are lucky that you are in our channel so our team will do our best in order to predict next BTC move.
If you like our content, you can support us by inviting your friends to join us to help us grow our community.
You can invite them via this link: https://news.1rj.ru/str/CryptoExpertSignals
Thank you, CS Team! ❤️
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BTC/USD Update
On the photo below you can see a lot of bearish signs on 1 day time frame. With all these bearish signs it is unlikely to see uptrend from BTC!
With strong RSI bearish divergence, MACD crossover BTC is looking bearish again.
BTC was bearish for us even at 10k and we are not surprised but looks like market expected something else!
The previous uptrend can affect BTC a lot. Why?
All over the internet, we could see posts that downtrend is over and we are going up. Market was tricked and most of members started to buy around the top and few days later, RED DAYS! It is one more punch in the face for them after big one in December. They were thinking that bearish market is over but it was bearish trap and we are now almost $1500 lower in BTC price. Alts are even more down.
Every move of BTC was predicted by our team and we can only say you that predictions for upcoming weeks are not positive. In short-term view retracements of $200-300 can happen anytime but bigger time frames are not looking good.
More info soon because after this correction most important part will be retracement that will show the power of bears. Short-term prediction will be updated but in week or two it is very likely that BTC can enter 7k area! We need more confirmation for this but at the moment most of indicators are showing that 7xxx is very possible.
Prediction for ALTs is very hard and you need to analyze them one by one because some of them have strong FA that will help them to stay above the majority of alts because the general rule is that alts will suffer from BTC correction and mostly from BTC uptrend so the only time when we can expect to see ALTs up is when BTC is stable at some price. So if you hold altcoin without big updates in May or June, it is most likely that price will go down!
If you like our content, you can support us by inviting your friends to join us to help us grow our community.
You can invite them via this link: https://news.1rj.ru/str/CryptoExpertSignals
Thank you, CS Team! ❤️
On the photo below you can see a lot of bearish signs on 1 day time frame. With all these bearish signs it is unlikely to see uptrend from BTC!
With strong RSI bearish divergence, MACD crossover BTC is looking bearish again.
BTC was bearish for us even at 10k and we are not surprised but looks like market expected something else!
The previous uptrend can affect BTC a lot. Why?
All over the internet, we could see posts that downtrend is over and we are going up. Market was tricked and most of members started to buy around the top and few days later, RED DAYS! It is one more punch in the face for them after big one in December. They were thinking that bearish market is over but it was bearish trap and we are now almost $1500 lower in BTC price. Alts are even more down.
Every move of BTC was predicted by our team and we can only say you that predictions for upcoming weeks are not positive. In short-term view retracements of $200-300 can happen anytime but bigger time frames are not looking good.
More info soon because after this correction most important part will be retracement that will show the power of bears. Short-term prediction will be updated but in week or two it is very likely that BTC can enter 7k area! We need more confirmation for this but at the moment most of indicators are showing that 7xxx is very possible.
Prediction for ALTs is very hard and you need to analyze them one by one because some of them have strong FA that will help them to stay above the majority of alts because the general rule is that alts will suffer from BTC correction and mostly from BTC uptrend so the only time when we can expect to see ALTs up is when BTC is stable at some price. So if you hold altcoin without big updates in May or June, it is most likely that price will go down!
If you like our content, you can support us by inviting your friends to join us to help us grow our community.
You can invite them via this link: https://news.1rj.ru/str/CryptoExpertSignals
Thank you, CS Team! ❤️
BTC/USD update:
Short time frame: Bitcoin is currently in a downwards spiral and seems to be falling lower and lower every day. Hoping for higher prices is now something that people are laughing at. Bulls tried to cause a breakout but failed swiftly after attempting it. We're now falling down to previous lows and possibly even lower lows. As this situation keeps on unfolding we will update you further.
On a larger time frame we see that bitcoin is being contained in a downwards headed pitchfork. This means lower prices are something to expect. Though soon there could be a breakout. If you look at this chart: https://www.coinigy.com/s/i/5af5ca6fa84cc/ you will see that we're following what happened a few weeks ago and right now we're very close to a larger breakout. How large this breakout will be is something we can't say. But things are pointing in that direction. Fractals (history is saying we're going up soon, falling wedge forming is pointing in that direction and the fact that Consensus event is only two days away makes me feel we're really ready for a breakout any minute now.
But, even if we see breakout, probably it will be stopped around 9k. All thingsare showing that we are heading down and 7k will mostly be our reality very soon.
If you like our content, you can support us by inviting your friends to join us to help us grow our community.
You can invite them via this link: https://news.1rj.ru/str/CryptoExpertSignals
Thank you, CS Team! ❤️
Short time frame: Bitcoin is currently in a downwards spiral and seems to be falling lower and lower every day. Hoping for higher prices is now something that people are laughing at. Bulls tried to cause a breakout but failed swiftly after attempting it. We're now falling down to previous lows and possibly even lower lows. As this situation keeps on unfolding we will update you further.
On a larger time frame we see that bitcoin is being contained in a downwards headed pitchfork. This means lower prices are something to expect. Though soon there could be a breakout. If you look at this chart: https://www.coinigy.com/s/i/5af5ca6fa84cc/ you will see that we're following what happened a few weeks ago and right now we're very close to a larger breakout. How large this breakout will be is something we can't say. But things are pointing in that direction. Fractals (history is saying we're going up soon, falling wedge forming is pointing in that direction and the fact that Consensus event is only two days away makes me feel we're really ready for a breakout any minute now.
But, even if we see breakout, probably it will be stopped around 9k. All thingsare showing that we are heading down and 7k will mostly be our reality very soon.
If you like our content, you can support us by inviting your friends to join us to help us grow our community.
You can invite them via this link: https://news.1rj.ru/str/CryptoExpertSignals
Thank you, CS Team! ❤️
Too many traders have an obsession with Winning Trades. I hate to be the bearer of bad news to some of you, but taking losses is the primary job denoscription of a market speculator. If Losing Trades offend you or upset your emotional chemistry, if you consider “being wrong” to be a character fault or a “problem” with your trading approach, if you even think that the marketplace cares what you think or what you do, then market speculation is probably not for you. Trading is mostly an exercise of throwing mud against the wall to see what sticks – and most lumps of mud fall quickly to the floor. I have known many extremely profitable career traders over the years and very few of them have a win rate in excess of 50%. Almost to a person, these traders view taking losses (many losses) as the process of finding winners.
If Losing Trades and being wrong bothers you then trading is not for you. If you become obsessed with Winning Trades and making money back in the same stock, forex pair or futures contract in which you lost capital, then you need to seriously examine if you should be involved in market speculation.
-Peter Brandt
If Losing Trades and being wrong bothers you then trading is not for you. If you become obsessed with Winning Trades and making money back in the same stock, forex pair or futures contract in which you lost capital, then you need to seriously examine if you should be involved in market speculation.
-Peter Brandt
Signal: ADA/BTC
Buy Area: 2770-2950
FOMO Buy Area: 3050-3150
Targets:
1) 3450
2) 3900
3) 4200
4) 4510
Stop loss: 2500
Time frame: 1-4 weeks
Testnet and roadmap are coming in upcoming weeks, TA looks pretty nice so it is good to buy this coin!
Buy area is probably going to be reached so prepare your buy orders there. If you think it won't get reached then you can buy in FOMO buy area. That area is good too but chances for great profit is less than buying from buy area.
Chart: https://www.tradingview.com/x/ikPqOLbG/
Good luck!
Buy Area: 2770-2950
FOMO Buy Area: 3050-3150
Targets:
1) 3450
2) 3900
3) 4200
4) 4510
Stop loss: 2500
Time frame: 1-4 weeks
Testnet and roadmap are coming in upcoming weeks, TA looks pretty nice so it is good to buy this coin!
Buy area is probably going to be reached so prepare your buy orders there. If you think it won't get reached then you can buy in FOMO buy area. That area is good too but chances for great profit is less than buying from buy area.
Chart: https://www.tradingview.com/x/ikPqOLbG/
Good luck!
BTC/USD Update: https://www.tradingview.com/x/SOsVz0qM
BTC is moving in our direction that was predicted and now it is time to see which one of these 3 resistances are going to hold out!
At the moment, there is no bearish divergence on RSI and MACD&Histogram on larger timeframes (2 hour and more). There is small bearish divergence on Histogram but it is not enough to call bearish sign because if only 1 time frame is showing but the majority is not showing, we should wait for more to have full confirmation.
So, this means that there is a chance for BTC to cross 1st resistance and test 2nd. Then we will analyze BTC again and see if there is a chance of breaking that one.
If we break all 3 resistances, new targets will be shared because old one won't be valid. So, these 3 resistances will show power of BTC and posible determine market situation in next few days because if BTC drops again, alts will probably suffer again. I was analyzing some of them and I didn't see bullish divergence on any of them so probably one more drop is expected to build bullish divergence so we can go up with established support!
If you like our content, you can support us by inviting your friends to join us to help us grow our community.
You can invite them via this link: https://news.1rj.ru/str/CryptoExpertSignals
Thank you, CS Team! ❤️
BTC is moving in our direction that was predicted and now it is time to see which one of these 3 resistances are going to hold out!
At the moment, there is no bearish divergence on RSI and MACD&Histogram on larger timeframes (2 hour and more). There is small bearish divergence on Histogram but it is not enough to call bearish sign because if only 1 time frame is showing but the majority is not showing, we should wait for more to have full confirmation.
So, this means that there is a chance for BTC to cross 1st resistance and test 2nd. Then we will analyze BTC again and see if there is a chance of breaking that one.
If we break all 3 resistances, new targets will be shared because old one won't be valid. So, these 3 resistances will show power of BTC and posible determine market situation in next few days because if BTC drops again, alts will probably suffer again. I was analyzing some of them and I didn't see bullish divergence on any of them so probably one more drop is expected to build bullish divergence so we can go up with established support!
If you like our content, you can support us by inviting your friends to join us to help us grow our community.
You can invite them via this link: https://news.1rj.ru/str/CryptoExpertSignals
Thank you, CS Team! ❤️
Market update
First day of NYC Consensus is making an impact on the market. Not big one but it is visible that it does affect crypto market. We saw a lot of pumps and dumps too. I think in next 2 days ( May 15th and 16th ) are going to make an impact for sure and coins that could be pumped or dumped are coins that will take main part on that consensus. You can find on this link coins that are going to speak on NYC Consensus 2018: http://prntscr.com/jhrqpc
Today I posted this chart in our margin group chat for paid members: https://www.tradingview.com/x/eSFZrgcE
This was looking bearish with few more bearish indicators but I didn't suggest shorting! Why? No, I didn't predicted pump but shorting BTC close to local bottom is never a good idea. Breakdown did happen but just few minutes later BTC was pumped $450!
https://www.tradingview.com/x/SZ59oNAA
Trading around big events is very, very risky! I was monitoring BTC not because I was looking for position but because I was looking what could happen with BTC because alts will follow and it did happen.I booked great profit on BCH short position opened at 0.19 and opened great long position on ADA a little bit under 3100.
So, my strategy is to play safe around this event. Everything can be published on that event that could impact a lot .The majority of updates will be bullish but there is always possibility that something negative can happen.
Our signal on ADA is in buy area. I told you yesterday not to buy at current price but wait for buy area. There is no reason to buy in a rush! If you miss one, there will be another one so in crypto there is always new opportunity. So, pick up some ADA. Scroll up and check the buy area!
We are in search for news signals but as we said, it is risky time for trading so we will play only on safe entries at the moment. We have few unconfirmed rumors so maybe some of them will be shared here so stay tuned.
At the end, I am going to share my point of view on BTC/USD
You can check the chart below the post!
As you can see, it is breaking first resistance level. Many of you thought that BTC will go down after 1st rejection but I told you on yesterdays post that there is no bearish divergence yet on bigger time frames. It is trading now in area between 1st and 2nd levels and we may expect BTC to test 2nd resistance level. Once we find bearish sign we will let you know and we will start shorting BTC. If we decide to short it, it will be done using stop loss for sure because at the moment, doing anything in crypto market without stop loss is like standing at the end of cliff and waiting for someone to push you down! Whether you are trading with $1000 or $1 000 000 you have to respect your money and to play always safe. It is always better to be out of position than to be in huge loss!
So, BTC is testing resistances and so far no clear bearish signs so we are still out of position! We will update if we decide to take one on BTC!
If you like our content, you can support us by inviting your friends to join us to help us grow our community.
You can invite them via this link: https://news.1rj.ru/str/CryptoExpertSignals
Thank you, CS Team! ❤️
First day of NYC Consensus is making an impact on the market. Not big one but it is visible that it does affect crypto market. We saw a lot of pumps and dumps too. I think in next 2 days ( May 15th and 16th ) are going to make an impact for sure and coins that could be pumped or dumped are coins that will take main part on that consensus. You can find on this link coins that are going to speak on NYC Consensus 2018: http://prntscr.com/jhrqpc
Today I posted this chart in our margin group chat for paid members: https://www.tradingview.com/x/eSFZrgcE
This was looking bearish with few more bearish indicators but I didn't suggest shorting! Why? No, I didn't predicted pump but shorting BTC close to local bottom is never a good idea. Breakdown did happen but just few minutes later BTC was pumped $450!
https://www.tradingview.com/x/SZ59oNAA
Trading around big events is very, very risky! I was monitoring BTC not because I was looking for position but because I was looking what could happen with BTC because alts will follow and it did happen.I booked great profit on BCH short position opened at 0.19 and opened great long position on ADA a little bit under 3100.
So, my strategy is to play safe around this event. Everything can be published on that event that could impact a lot .The majority of updates will be bullish but there is always possibility that something negative can happen.
Our signal on ADA is in buy area. I told you yesterday not to buy at current price but wait for buy area. There is no reason to buy in a rush! If you miss one, there will be another one so in crypto there is always new opportunity. So, pick up some ADA. Scroll up and check the buy area!
We are in search for news signals but as we said, it is risky time for trading so we will play only on safe entries at the moment. We have few unconfirmed rumors so maybe some of them will be shared here so stay tuned.
At the end, I am going to share my point of view on BTC/USD
You can check the chart below the post!
As you can see, it is breaking first resistance level. Many of you thought that BTC will go down after 1st rejection but I told you on yesterdays post that there is no bearish divergence yet on bigger time frames. It is trading now in area between 1st and 2nd levels and we may expect BTC to test 2nd resistance level. Once we find bearish sign we will let you know and we will start shorting BTC. If we decide to short it, it will be done using stop loss for sure because at the moment, doing anything in crypto market without stop loss is like standing at the end of cliff and waiting for someone to push you down! Whether you are trading with $1000 or $1 000 000 you have to respect your money and to play always safe. It is always better to be out of position than to be in huge loss!
So, BTC is testing resistances and so far no clear bearish signs so we are still out of position! We will update if we decide to take one on BTC!
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