Bitcoin is currently inside the range for 6-7 weeks.
In order to get a new dominant trend in the market, we need to see a break from this range.
Once the range accumulation is over, I expect a big move in either direction.
If that will be to the upside, I don’t think it will stop at TP1.
The first real target if it breaks to the upside will be $11 500 and if that’s get broken, we have a clear trajectory to 2019s high ($13 900).
The longer the accumulation lasts, the more explosive after the move.
If it's going to be to the downside, the main target is the legendary 6k area that acted as a magnet in 2018 and was an important area of interest in 2019 as well.
In order to get a new dominant trend in the market, we need to see a break from this range.
Once the range accumulation is over, I expect a big move in either direction.
If that will be to the upside, I don’t think it will stop at TP1.
The first real target if it breaks to the upside will be $11 500 and if that’s get broken, we have a clear trajectory to 2019s high ($13 900).
The longer the accumulation lasts, the more explosive after the move.
If it's going to be to the downside, the main target is the legendary 6k area that acted as a magnet in 2018 and was an important area of interest in 2019 as well.
Highly recommended to join my friend's channel. He has helped lots of people in the industry!
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- Highly experienced in cryptocurreny
- Most profitable and highly accurate trades
- Fully transparent
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100% make sure to check them out 🔥
https://news.1rj.ru/str/thebull_crypto
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None of my posts are financial advice. Its my observation and opinion. Do your own research.
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Why Bitcoin’s current range has a hidden bullish character?
Yes, this is range but we should all agree that it has bullish characteristics, higher lows and higher or equal highs.
Higher lows and higher highs are obvious signs of bullish presence in the market. In this example, they’re kinda hidden because of all these wicks but when you look at the chart from a high timeframe perspecite, this formation becomes obvious.
Yes, this is range but we should all agree that it has bullish characteristics, higher lows and higher or equal highs.
Higher lows and higher highs are obvious signs of bullish presence in the market. In this example, they’re kinda hidden because of all these wicks but when you look at the chart from a high timeframe perspecite, this formation becomes obvious.
Crypto Signals via @vote
Hope you like my analysis on NEO. Which coin you want me to analyse next? anonymous poll TEZOS – 108 👍👍👍👍👍👍👍 39% TRON – 72 👍👍👍👍👍 26% LITECOIN – 69 👍👍👍👍 25% BITCOIN CASH – 27 👍👍 10% 👥 276 people voted so far.
TEZOS won so I’m going to share with you my opinion on TEZOS from fundamental and technical point of view.
Forwarded from Crypto Signals Premium Channel
Bitcoin closing 7th consecutive week in a range. Definitely not the best conditions for trading but we have to play the best we can with the cards we were dealt with.
Previous 2 weeks were testing resistance, we the closure that’s coming, I think the next week will be heading to the support to test it.
Previous 2 weeks were testing resistance, we the closure that’s coming, I think the next week will be heading to the support to test it.
Another successful trade setup share in our Premium channel.
When the majority was calling move up (especially in altcoin market), we saw bearishness and here’s the results.
We’re starting weekly candlestick with sell off and I think there’s more to come in the upcoming days.
If you want to become part of our Premium channel where you get our trade setups, educational content and trading guide written by me, contact @CryptoSignalsAdmin
When the majority was calling move up (especially in altcoin market), we saw bearishness and here’s the results.
We’re starting weekly candlestick with sell off and I think there’s more to come in the upcoming days.
If you want to become part of our Premium channel where you get our trade setups, educational content and trading guide written by me, contact @CryptoSignalsAdmin
200 million in #Bitcoin was withdrawn from Coinbase after the incident in early June.
It’s great to see people moving money out of centralised third parties. I hope most of these coins go to personal wallets, especially hardware wallets which provide the highest level of security.
It’s great to see people moving money out of centralised third parties. I hope most of these coins go to personal wallets, especially hardware wallets which provide the highest level of security.
They’ve developed a special indicator "Predictūm" that notifies 15 minutes before a dump 📉 or a pump 📈 based on some secret algorithms.
It increased our investment accuracy to 93%, and the profit by June 2020 is already 135%!
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It increased our investment accuracy to 93%, and the profit by June 2020 is already 135%!
Check them out 👈🏽
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Crypto Signals Premium Channel
With the directional bias from weekly timeframe, this is the setup with nice risk-reward.
From entry point straight into the main target and back to the entry point 🔥
It’s time to observe the market conditions and form new profitable trade setup that will end up hopefully similar to this one.
If you want to become part of our Premium channel where you get our trade setups, educational content and trading guide written by me, contact @CryptoSignalsAdmin
It’s time to observe the market conditions and form new profitable trade setup that will end up hopefully similar to this one.
If you want to become part of our Premium channel where you get our trade setups, educational content and trading guide written by me, contact @CryptoSignalsAdmin
Ethereum made a very important step-down in yesterday’s move in order to test the previously broken resistance area and turn it into the support.
From this point, Ethereum should avoid that area because, in the case of the next potential test, we have way more chances to see breakthrough area and end of this local uptrend.
Higher highs and higher lows are still in place and with this structure, it’s targeting the main resistance area at $300.
From this point, Ethereum should avoid that area because, in the case of the next potential test, we have way more chances to see breakthrough area and end of this local uptrend.
Higher highs and higher lows are still in place and with this structure, it’s targeting the main resistance area at $300.
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Where Bitcoin is going? What’s your opinion?
anonymous poll
Up to $10 000 – 191
👍👍👍👍👍👍👍 45%
Down to $9000 – 141
👍👍👍👍👍 33%
I have no idea – 91
👍👍👍 22%
👥 423 people voted so far.
anonymous poll
Up to $10 000 – 191
👍👍👍👍👍👍👍 45%
Down to $9000 – 141
👍👍👍👍👍 33%
I have no idea – 91
👍👍👍 22%
👥 423 people voted so far.
I personally have nothing against any cryptocurrency but seeing Ripple doing this is kinda sad knowing how many people have invested their life savings in this coin.
I was one of them but I did that before it exploded and went up and I sold my last coins at the beginning of 2019 at around 8-9k sats.
I know many people at that time refusing to sell their coins thinking that the bottom is near having in mind targets of 25-30k sats per coin.
The sad reality is that this coin fights with 2000 sats support and most likely it will go deeper.
If we see the pump, take that as an opportunity to leave this coin because it’s obvious where this is heading.
Just maybe some short term trade opportunity if it reclaims a green area but nothing more than that.
I was one of them but I did that before it exploded and went up and I sold my last coins at the beginning of 2019 at around 8-9k sats.
I know many people at that time refusing to sell their coins thinking that the bottom is near having in mind targets of 25-30k sats per coin.
The sad reality is that this coin fights with 2000 sats support and most likely it will go deeper.
If we see the pump, take that as an opportunity to leave this coin because it’s obvious where this is heading.
Just maybe some short term trade opportunity if it reclaims a green area but nothing more than that.
Crypto Signals
It hurts to be XRP holder at the moment. It lost major support and unless it makes some miracle next week, forms bullish engulfing that closes above broken support, I think we will see a continuation of the sell-off. There will be exit pump on Ripple for…
Posted this a year ago, nothing really changed since that time.
Highly recommended to join my friend's channel. He has helped lots of people in the industry!
The channel is providing trading on hundreds of assets and optimal trading conditions on all platforms
- Highly experienced in cryptocurreny
- Most profitable and highly accurate trades
- Fully transparent
The Bull is the special channel running by professional analysts. He knows what to buy and what to sell and... WHEN!
100% make sure to check them out 🔥
https://news.1rj.ru/str/thebull_crypto
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The channel is providing trading on hundreds of assets and optimal trading conditions on all platforms
- Highly experienced in cryptocurreny
- Most profitable and highly accurate trades
- Fully transparent
The Bull is the special channel running by professional analysts. He knows what to buy and what to sell and... WHEN!
100% make sure to check them out 🔥
https://news.1rj.ru/str/thebull_crypto
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The Bull
None of my posts are financial advice. Its my observation and opinion. Do your own research.
Business: @thebullowner
Exclusive Group: @TBE_SUPPORTER
Tweets: x.com/thebull_crypto
Channel link: https://news.1rj.ru/str/+X0yIZqu2BQxlZTBl
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I said my opinion on XRP, but what about Ethereum?
I shared my opinion approx 2 weeks ago when I said not to rush into buying until it establishes a bullish trend.
Currently, it’s forming higher lows, lower highs which is a clear sign of indecisive market conditions and in that market, you need to wait for the trend to form.
With its positive upcoming fundamentals (proof of stake algorithm being implemented that will activate staking), this coin looks way better than XRP, both technically and fundamentally.
I shared my opinion approx 2 weeks ago when I said not to rush into buying until it establishes a bullish trend.
Currently, it’s forming higher lows, lower highs which is a clear sign of indecisive market conditions and in that market, you need to wait for the trend to form.
With its positive upcoming fundamentals (proof of stake algorithm being implemented that will activate staking), this coin looks way better than XRP, both technically and fundamentally.
Tomorrow I will do Q&A, all the questions you have, send to @CryptoSignalsAdmin.
I received great questions and throughout the day, I’ll answer to 3 of them I like the most.
1st question: Can you tell us some guidelines and technics about risk/reward management and budget management for crypto trading, spot and futures.
Without solid guidelines and discipline, I couldn't overcome my emotions in trading and that always leads to loss. But I haven't found a good solution for this.
This problem is bigger than not having good signals or being wrong most of the time on the trade direction. If you don’t know how to manage your money, it will be very hard for you to get ahead.
When you start trading, everyone talks about signals and where the price is going but there’s another side of trading as well. Trading was designed to make money to the house (exchange or broker), not to the individual traders.
So before you start, you need to be in a small profit just to cover the costs of your business the same way every other profession has the costs of running the business.
Fees, spreads, funding, slippage, everything works against you so you need to be extra cautious when to be in the market and when to wait on the sideline.
Being in the market means that you're at the risk of high funding fees (spread in case of forex trading) and big slippage if the market gets hit by sudden liquidity.
Because of that, having rules when to enter the trade and when not is crucial because paying unnecessary fees makes your profits vanish and you can end up in loss in a month where you had a positive trade score just because you were paying too many fees and were exposed to unnecessary risk.
In order to do this, accept that trading is not getting a quick rich scheme. Everyone talks about this but people don’t understand the point.
When putting your money on an exchange, you accept losing it all but also you’ll do your best for it not to happen knowing how much did it take for you to get that money.
To do that, you need strict rules. When making rules, I want to keep it very simple because the more complex rules, the easier it is to fail on executing them.
2 main rules: fixed risk per trade and minimum risk to reward.
In my case, the fixed risk per trade is 2% and the minimum risk to reward is 1:2.
The first part seems to be easy until you start to see results and emotions kick in and then you risk more either to maximize your profits or to recover the losses.
DON’T DO IT!
By doing that, you’re going to lose the war before the first battle.
For this, you need to be like a robot and do always the same over and over again.
The best way to do this or overcome the problem is to have other occupations in your life. The trading is best when it’s a side hustle. You’re forced not to be at the charts all the time and it actually helps. You scan the market in the morning or evening, set the alerts or entry orders and monitors it time to time why working on your business or job.
Having another stream of income (job or business) helps to avoid FOMO and impulsive reactions. You don’t need to risk on setups where you didn’t get everything you were looking for but when trading is your one and only source of income, you’ll do it, over and over again.
The second part is technical.
In order to make better risk-reward, many traders tighten up their stop loss or widen their target. That’s the worst thing you can do because you move then to the areas where they’re not meant to be.
In the case of a long trade, stop loss is a little bit below support and the target is a little bit below resistance. If you move target above resistance, you drastically decrease the probability chances of making it happen the same way if you move your stop loss above the support where you can get stopped out before being invalidated.
To get a better risk-reward, play with your entry point. Just a few dollars a better entry point can drastically change your risk-reward.
1st question: Can you tell us some guidelines and technics about risk/reward management and budget management for crypto trading, spot and futures.
Without solid guidelines and discipline, I couldn't overcome my emotions in trading and that always leads to loss. But I haven't found a good solution for this.
This problem is bigger than not having good signals or being wrong most of the time on the trade direction. If you don’t know how to manage your money, it will be very hard for you to get ahead.
When you start trading, everyone talks about signals and where the price is going but there’s another side of trading as well. Trading was designed to make money to the house (exchange or broker), not to the individual traders.
So before you start, you need to be in a small profit just to cover the costs of your business the same way every other profession has the costs of running the business.
Fees, spreads, funding, slippage, everything works against you so you need to be extra cautious when to be in the market and when to wait on the sideline.
Being in the market means that you're at the risk of high funding fees (spread in case of forex trading) and big slippage if the market gets hit by sudden liquidity.
Because of that, having rules when to enter the trade and when not is crucial because paying unnecessary fees makes your profits vanish and you can end up in loss in a month where you had a positive trade score just because you were paying too many fees and were exposed to unnecessary risk.
In order to do this, accept that trading is not getting a quick rich scheme. Everyone talks about this but people don’t understand the point.
When putting your money on an exchange, you accept losing it all but also you’ll do your best for it not to happen knowing how much did it take for you to get that money.
To do that, you need strict rules. When making rules, I want to keep it very simple because the more complex rules, the easier it is to fail on executing them.
2 main rules: fixed risk per trade and minimum risk to reward.
In my case, the fixed risk per trade is 2% and the minimum risk to reward is 1:2.
The first part seems to be easy until you start to see results and emotions kick in and then you risk more either to maximize your profits or to recover the losses.
DON’T DO IT!
By doing that, you’re going to lose the war before the first battle.
For this, you need to be like a robot and do always the same over and over again.
The best way to do this or overcome the problem is to have other occupations in your life. The trading is best when it’s a side hustle. You’re forced not to be at the charts all the time and it actually helps. You scan the market in the morning or evening, set the alerts or entry orders and monitors it time to time why working on your business or job.
Having another stream of income (job or business) helps to avoid FOMO and impulsive reactions. You don’t need to risk on setups where you didn’t get everything you were looking for but when trading is your one and only source of income, you’ll do it, over and over again.
The second part is technical.
In order to make better risk-reward, many traders tighten up their stop loss or widen their target. That’s the worst thing you can do because you move then to the areas where they’re not meant to be.
In the case of a long trade, stop loss is a little bit below support and the target is a little bit below resistance. If you move target above resistance, you drastically decrease the probability chances of making it happen the same way if you move your stop loss above the support where you can get stopped out before being invalidated.
To get a better risk-reward, play with your entry point. Just a few dollars a better entry point can drastically change your risk-reward.