This is how you manage your trade.
It wouldn’t be that smart to hold stop loss at the initial price point because we got a new invalidation level.
This is where I see many people making mistakes. They either move their stop loss too fast or keep it at the initial point.
Trade management plays a huge role in your trading results.
That’s why stay tuned because we’re going to share few tips on trade management in upcoming days for free here in the channel.
It wouldn’t be that smart to hold stop loss at the initial price point because we got a new invalidation level.
This is where I see many people making mistakes. They either move their stop loss too fast or keep it at the initial point.
Trade management plays a huge role in your trading results.
That’s why stay tuned because we’re going to share few tips on trade management in upcoming days for free here in the channel.
**ATTENTION PLEASE**
Bitmex is in big trouble and we can see more and more people withdrawing their money from Bitmex.
We suggest you do the same and move your funds to either hardware wallet or safer exchange.
If you’re looking for an exchange similar to Bitmex, that offers high leverage trading, we suggest checking out Deribit that doesn’t require any verification and works pretty fine.
Deribit : https://www.deribit.com/reg-5508.8322?q=home
By registering via this link, you get 10% discount on trading fees.
Bitmex is in big trouble and we can see more and more people withdrawing their money from Bitmex.
We suggest you do the same and move your funds to either hardware wallet or safer exchange.
If you’re looking for an exchange similar to Bitmex, that offers high leverage trading, we suggest checking out Deribit that doesn’t require any verification and works pretty fine.
Deribit : https://www.deribit.com/reg-5508.8322?q=home
By registering via this link, you get 10% discount on trading fees.
Bitcoin looking pretty good on a weekly timeframe for bulls.
In the week ahead, I’m expecting to see a test of the wick area (red box).
If we get strength in that area (close in that area or especially above that area), we will get pretty bullish momentum that can send us even to $14 000.
In case of weakness in that area (being rejected and close back below $11500, we could get a double top that can send us way below the recent low of $9600.
Currently, Bitcoin is looking really good and the upcoming move is expected to be towards the wick area but strength is required for continuation.
In the week ahead, I’m expecting to see a test of the wick area (red box).
If we get strength in that area (close in that area or especially above that area), we will get pretty bullish momentum that can send us even to $14 000.
In case of weakness in that area (being rejected and close back below $11500, we could get a double top that can send us way below the recent low of $9600.
Currently, Bitcoin is looking really good and the upcoming move is expected to be towards the wick area but strength is required for continuation.
Forwarded from Crypto Signals Premium Channel
New trade opportunity on BTCUSD with an awesome 1:4 risk-reward.
We’re going ahead of confirmation but that’s the risk we have to take in order to get this good risk-reward on our trade.
A big move is coming and if that will be to the upside, we could catch an awesome trade.
Good luck!
We’re going ahead of confirmation but that’s the risk we have to take in order to get this good risk-reward on our trade.
A big move is coming and if that will be to the upside, we could catch an awesome trade.
Good luck!
Bitcoin is still struggling with $11500 resistance.
Don’t forget, this is one of the most important areas on a higher timeframe perspective.
Because of that, we should respect this level and there’s no reason to blindly buy into the resistance after Bitcoin made an 8-10% increase in price.
It wouldn’t be the first time to see Bitcoin making fake moves before the actual one.
We’re closely monitoring price action and we’ll let you know if we get some early signs where this can go.
Stay tuned!
Don’t forget, this is one of the most important areas on a higher timeframe perspective.
Because of that, we should respect this level and there’s no reason to blindly buy into the resistance after Bitcoin made an 8-10% increase in price.
It wouldn’t be the first time to see Bitcoin making fake moves before the actual one.
We’re closely monitoring price action and we’ll let you know if we get some early signs where this can go.
Stay tuned!
A new coronavirus wave is hitting the world and we could see a reflection of that in the cryptocurrency market. I'm sick of expressing my opinion on coronavirus and if that's actually that serious or not. You probably already know my opinion.
The only that matters is where the market can go?
Bitcoin's next move is pretty unpredictable but altcoins have way more chances to go down than up. Due to the current instability in the market, investing in altcoins at the moment is very risky. Therefore, we recommend waiting until the market stabilizes, as BTC could do some real damage to altcoins in the next days/weeks.
Save your money in situations like this and wait for potential dumps in the market for a new buying opportunity.
The only that matters is where the market can go?
Bitcoin's next move is pretty unpredictable but altcoins have way more chances to go down than up. Due to the current instability in the market, investing in altcoins at the moment is very risky. Therefore, we recommend waiting until the market stabilizes, as BTC could do some real damage to altcoins in the next days/weeks.
Save your money in situations like this and wait for potential dumps in the market for a new buying opportunity.
The founder of one of the biggest CryptoExchange giants in Asia (OKEx) had been arrested by Chinese authorities and can no longer conduct any withdraw authorizations due to him being the only key holder for the exchange’s wallets. This caused all the crypto within the platform to be locked, although users can still trade.
One analytics firm explained that data suggests there’s currently 200,000 BTC locked within the platform in a recent tweet.
“According to our data, around 200,000 BTC (1.1% of the circulating Bitcoin supply) are currently held in OKEx wallets. That is around $2.3 billion worth of BTC stored in the exchange’s vaults.”
Sooner or later, this thing will sort out but this is a great example of an old quote:
"Your keys, your coins. Not your keys, not your coins"
You may be in need of coins right now for many possible reasons but due to this situation, you're unable to access them.
Never store all of your coins on the exchange and if you really want, do it because you're planning to trade because you never know when hacking attempts may happen sudden government regulation or situation like this one.
Cryptocurrency exchanges are nothing better than regular banks but in this case for cryptocurrencies.
One analytics firm explained that data suggests there’s currently 200,000 BTC locked within the platform in a recent tweet.
“According to our data, around 200,000 BTC (1.1% of the circulating Bitcoin supply) are currently held in OKEx wallets. That is around $2.3 billion worth of BTC stored in the exchange’s vaults.”
Sooner or later, this thing will sort out but this is a great example of an old quote:
"Your keys, your coins. Not your keys, not your coins"
You may be in need of coins right now for many possible reasons but due to this situation, you're unable to access them.
Never store all of your coins on the exchange and if you really want, do it because you're planning to trade because you never know when hacking attempts may happen sudden government regulation or situation like this one.
Cryptocurrency exchanges are nothing better than regular banks but in this case for cryptocurrencies.
Bitcoin's weekly timeframe got rejected from the resistance area last week.
This week we will be looking around the area of the previous week high hoping to see a weakness that would make us enter the short trade with a very tight stop loss.
This is valid until we get daily close in this area. If that happens, this setup will be invalidated.
Stay tuned!
This week we will be looking around the area of the previous week high hoping to see a weakness that would make us enter the short trade with a very tight stop loss.
This is valid until we get daily close in this area. If that happens, this setup will be invalidated.
Stay tuned!
Crypto Signals
I see many people suggesting to buy TRX on the pullback fo the big move. Be cautious about these suggestions because, at this moment, this looks pretty bad, almost as the perfect example of the exit pump. If weekly close happens to be below 300 sats, this…
I warned you on time…
In my opinion, new lows are coming by the end of 2020 or in the first weeks of 2021.
In my opinion, new lows are coming by the end of 2020 or in the first weeks of 2021.
We have new available spots in our Premium channel where you get trading guide written by me, weekly trading lessons and all trade signals me and my team trades.
For more info message @CryptoSignalsAdmin
For more info message @CryptoSignalsAdmin
The best days are still ahead of Bitcoin.
We can’t compare the ecosystem that’s right now around Bitcoin with the ecosystem at the peak of $20k
If you mention fees, just look at gold or any stock such as Amazon, Apple, Microsoft… Bitcoin is not made for Starbucks purchases. There will be layers on top of the current ecosystem that will allow that feature.
You use neither Gold nor Amazon, Apple, Microsoft shares for your Starbucks coffee yet the market cap of these assets is measured in trillions.
You have to change your perspective in order to realize the potential Bitcoin has.
And even if fees rise to $10 for example, it’s still pretty cheap for the value it brings. You can move any amount of money to anyone in the world without the government being able to seize your money or stop your transaction.
In the times we are living, I see this extremely important and paying 5-10$ fees for this is actually pretty cheap.
To the moon 🚀🚀🚀
We can’t compare the ecosystem that’s right now around Bitcoin with the ecosystem at the peak of $20k
If you mention fees, just look at gold or any stock such as Amazon, Apple, Microsoft… Bitcoin is not made for Starbucks purchases. There will be layers on top of the current ecosystem that will allow that feature.
You use neither Gold nor Amazon, Apple, Microsoft shares for your Starbucks coffee yet the market cap of these assets is measured in trillions.
You have to change your perspective in order to realize the potential Bitcoin has.
And even if fees rise to $10 for example, it’s still pretty cheap for the value it brings. You can move any amount of money to anyone in the world without the government being able to seize your money or stop your transaction.
In the times we are living, I see this extremely important and paying 5-10$ fees for this is actually pretty cheap.
To the moon 🚀🚀🚀