Bitcoin Forum

While the market is in the red zone it seems a good idea to post your trade ideas for marginal day-trading as volatility significantly increased.  

https://i.imgur.com/x3jWI0h.png (https://www.tradingview.com/chart/XBTUSD/d29rF9yM-NEW-TREND-AND-NEW-SUPPORT/)

hopefully this is good news and it's time for bitcoin to fly, I think bitcoin won't fall back below $ 3000.
hopefully the altcoin will follow and prices will improve.

i advise catching short moves instead of opening the long-term positions as the market not looking confident enough

So here is the new trade idea:

https://i.imgur.com/o5eYQ6q.png (https://www.tradingview.com/chart/BTCUSD/7ECq5uWX-THE-BEARISH-SHARK-PATTERN/)

The bearish shark pattern is one type of the harmonic chart pattern. The Harmonic Shark Pattern has some similarities with the Crab harmonic pattern . The harmonic chart patterns( bearish and bullish ) are more complex because it deals with the use of the fibonacci retracement and extention ratios. The following below are the steps that needs to be followed:
0 - Price drops from 0 to a low of X, then retraces up to A. This indicates the start of a move.
AB - retrace between 1.13 – 1.618 Fibonacci Extension of XA leg
BC - extends to 113% Fibonacci extension of 0X leg;
C down to the possible target - Poses a target of 50% Fibonacci Retracement of BC leg.
Once price turns at C, short the BTCUSD . Because this pattern has such a high failure rate (30%).
Always wait for the C LEG to be completed.
VERDICT:
SELL/SHORT: $4452 up to $4586
BUY:$3869
STOP LOSS:$4755
Disclaimer: This is for educational purposes,it is not intended as a financial advice.
The analyst won't be responsible for a loss of fund. Trader should be able to manage risk.

$4500 is the key resistance level, that's where I'd personally be considering selling my bitcoin and looking to buy the dip, if the price broke through to about $4700 I'd look to cut my losses. Even if we do break the $4500 resistance I don't expect it to be at the first time of asking.

My opinion is that you can sell partially, and leave rest position for the resistance break level scenario

Please share your trading ideas here, let's make opportunities to profit from such a bad market

Your good wishes have come true now the price continues to increase and away from the price of $ 3000.
I think the price will continue to increase along with this good news.

This is always wise, you don't want to risk your full amount in one trade, unless you have a high risk appetite or you're only sitting on a small amount of BTC. In this market I'd never risk my whole stack on one thing happening because it's too unpredictable.

https://i.imgur.com/QoTH6qr.png (https://www.tradingview.com/chart/XRPUSD/jJmpX4Ts-XRPUSD-HELD-DOWN-BUT-AN-IMPENDING-TEST-OF-SOME-RESISTANCE-AHEAD/)

XRPUSD has gradually maintained its price move below the $0.40579.
On the 4hours time frame price has move horizontally without breaking the resistance mentioned above and at the same time has formed a chart pattern called THE HEAD&SHOULDER BOTTOM.
Head-and-shoulders bottoms are reliable chart patterns that sport a low failure rate and good average rise.
Price trend downward leading to the pattern, the Shape looks more like a 3-valley pattern with the middle valley below the others. The pattern should look like an inverted person's head and shoulders , proportional, and not lopsided. The two shoulders should bottom near the same price, be nearly the same distance from the head, and look similar (both wide or both narrow), if this doesn't show up then a lower left shoulder valley when compared to the right shoulder valley results in best postbreakout performance.
Volume presented should be highest on the left shoulder or head, diminished on the right shoulder. Trends downward 65% of the time.
The pattern confirms as a valid one when price closes above a down-sloping neckline or above the right armpit when the neckline slopes upward.
A breakout from the neckline will confirm the move up to meet the first target. Always wait for price to break out from the neckline and close above it.
VERDICT:
BUY: $0.41160
SELL: $0.43865 up to $0.52701
STOP LOSS: $0.34912
Remember TECHNICAL ANALYSIS is all about probabilities and based on previous market performance(not all about certainty)
Disclaimer: This is for educational purposes,it is not intended as a financial advice.
The analyst won't be responsible for a loss of fund. Trader should be able to manage risk.

Just imagine if you were trading with 100x leverage how much could that be 8)

Another successful trade was made with our professional trader

https://i.imgur.com/Zg3XFqb.png (https://www.tradingview.com/chart/ETHUSD/7QEJeP5F-ETHUSD-test-of-some-low-support/)

THE BEARISH PENNANT FLAG PATTERN
Pennants are the workhorses of the day trader. They perform an invaluable service by marking the midway point in a move. However, if a pennant is not accompanied by a flagpole, then it's not a pennant . Also, performance depends on a strong price trend leading to the pennant .
Price trend can be any direction leading to the chart pattern. The Shape looks like a short symmetrical triangle.
NOTE:
- Prices move between two converging trendlines ..
- The flagpole which leads to the pennant should be unusually steep and last several days.
- Volume trend downward trend 88% of the time.
- Breakout Upward 61% of the time
VERDICT:
SELL/SHORT: $145.9
BUY:$142.78 down to $136.44
STOP LOSS:$148.27
Remember TECHNICAL ANALYSIS is all about probabilities and based on previous market performance(not all about certainty)
Disclaimer: This is for educational purposes,it is not intended as a financial advice.
The analyst won't be responsible for a loss of fund. Trader should be able to manage risk

Trade with us and make profit

https://i.imgur.com/mYnfBmF.png (https://www.tradingview.com/chart/BTCUSD/ayKYkFfX-BTCUSD-THE-BEARISH-PENNANT-FLAG-PATTERN/)

Like they say the pennant flag pattern ( bearish or bullish ) is the workhorses of the day trader.
The flagpole which leads to the pennant should be unusually steep. The performance depends on a strong price trend leading to the pennant .
The flag looks more like a short symmetrical triangle, more to that is A loose pennant performs more better in a bear market.
The targets tends to be the fibonacci extension ratios. A breakout from the flag to the down side will confirm the move to touch the price label.
The price of BTC will likely go down to $3200( which is where s strong support is found).
Always wait for a breakout before taking any trade.
VERDICT:
SELL/SHORT: $3726.4
BUY: $3681.22 down to $3501.2
STOP LOSS:$3838
Remember TECHNICAL ANALYSIS is all about probabilities and based on previous market performance(not all about certainty)
Disclaimer: This is for educational purposes,it is not intended as a financial advice.
The analyst won't be responsible for a loss of fund. Trader should be able to manage risk.

https://i.imgur.com/d11u9Ke.png (https://www.tradingview.com/chart/BCHUSD/kY5hT9Tf-BCHUSD-yet-another-rise/)

THE BOTTOM HEAD&SHOULDERS
Head-and-shoulders bottoms are reliable chart patterns that sport a low failure rate and good average rise.
Price trend downward leading to the pattern
Shape looks like a 3-valley pattern with the middle valley below the others. The pattern should look like an inverted person's head and shoulders , proportional, and not lopsided.
The two shoulders should bottom near the same price, be nearly the same distance from the head, and look similar (both wide or both narrow).
Most times volume is highest on the left shoulder or head, diminished on the right shoulder. Trends downward 65% of the time.
The pattern confirms as a valid one when price closes above a down-sloping neckline or above the right armpit when the neckline slopes upward.
Break even failure rate: 10%
Average rise: 45%
Throwback rate: 64%
Percentage meeting price target: 71%
A higher left shoulder valley when compared to the right shoulder valley results in worse postbreakout performance. The Shoulder Valley figure to the right shows this comparison( after completion.
VERDICT:
BUY:$137.95
SELL:$141.17 up to $152.78
STOP LOSS:$131.19

Remember TECHNICAL ANALYSIS is all about probabilities and based on previous market performance(not all about certainty)
Disclaimer: This is for educational purposes,it is not intended as a financial advice.
The analyst won't be responsible for a loss of fund. Trader should be able to manage risk.

I avoid day trading with margin and for now i think better to do swing trading on the spot market. Buy and hold it for afew month, there are alot of positive news coming and this can be become support and trigger for bull market. For day trading we have to increase our knowledge in technical anlalysis and risk management, dont forget to use stop loss and trailling stop.

This is the difficult strategy I ever know, daily trading use short term period and small range to make money. Mostly, this strategy don't read trends because not for long term period. Get panic and don't have back up fund sometimes make us very afraid to loss but I think panic is not worth and back up fund can be use on the next day. I only suggest set stop loss and take profit area in 2% - 3% in one execution not day. It will help you control emotions and fix your mistakes.

The simple and best strategy we can follow for increase our profits in crypto day trading is just by following the bollinger band and RSI with small time candles to see how the market is moving and when we can sell.But I don't support day trading it causes more damages than profits so do only if you know to make profits.

Sometimes volatility decrease and the best way to trade is to trade with margin, when volatility is high you don't need margin

Having more than one technical analysis and trading at the points where two or more analyses coincidence, we may take them as they are confirmed reversal point. I am trading based on 200day moving average along with pivot point analysis.

Sometimes I do get stuck due to unexpected volatility but I'm just trading BTC against USDT hence I never need to worry about potential losses as I am always switching over my day trading into positional one and I will be holding them for months until recovering my losses. We can go for combining any technical analysis for having confirmed trading calls. But, we need to test them in real time before following them in live markets.

It's more investment strategy but I'm talking about making profits daily even on a bear market (yes, that's riskier as it has the possibility of more high yields) 

but using an approved trading strategy and money/risk management could give you the opportunity to make day trading as a job

When you want to make trading as your daily job, you need to learn more and more in trading, and you do not just learn about the analysis only, because there will be many more aspect you need to know and understand. I agree that we should make a strategy to anticipate if the market is running out from our strategy so we can survive and still take the profit. But don't forget that the market can go anywhere without we know.

yes but if you cut losses instantly and take profits 3-5 amount more than the amount of losses, you can have only 30% of profitable trades but with such risk management you will be profitable anyway

You can also see this photo on google it you search but some of strategies are different to others, because lot of pictures strategy they just getting in on google and make a sense.

A single thing that we have followed for me a long time that we never compromise by the profit if we take out this thing fromus tgen day trading will be more easier and more happiest want to do a job with the huge amount of profit that we have to hear easily without any difficulties

To use day trading as a job you will have to have full control over trading. To be a good trader make wise plans of long term trading don't trade at red and the skill which gives best profit is patience and waiting. Keep your emotions day away from you because being emotional your strategy to become a day trader will get distracted.

New trading idea is here:

https://i.imgur.com/o3FZDVo.png (https://www.tradingview.com/chart/BTCUSD/g2tMSbJS-BTCUSD-the-bear-trend-continues/)

Using the ichimoku metrics for doubled cloud settings (20,60,120,30).
The set up is still bearish but with a slight bullish (weak) TK cross below the cloud(red cloud). The first TK crossing below the cloud since November 3rd 2018.
This crossing goes along with the BULLISH DIVERGENCE .
Bullish divergence occurs when price makes a lower low but the indicator forms higher lows. The two data streams diverge in direction. Price will eventually, usually, follow the indicator higher.
If the price trend is down, then look for divergence among the valleys, not the peaks. When you spot divergence, recognize that the price trend may change. This doesn't mean an immediate buy, but consider taking a position soon, especially if you receive other confirming signals.
LOOK OUT:
Price will move up to test some resistance ahead with targets of $3600 up to $3750. If the current support doesn't hold, price will likely test the old support support at $3200 down to $2983.
Remember TECHNICAL ANALYSIS is all about probabilities and based on previous market performance(not all about certainty)
Disclaimer: This is for educational purposes,it is not intended as a financial advice.
The analyst won't be responsible for a loss of fund. Trader should be able to manage risk.

https://i.imgur.com/405ymiZ.png (https://www.tradingview.com/chart/LTCUSD/j99v94cl-LTCBTC-RESISTANCE-HOLDS/)

THE ASCENDING TRIANGLE CHART PATTERN

The ascending triangle is a mediocre performer despite its reputation as a reliable chart pattern.
Price trend can be any direction leading to the chart pattern. Shape is triangular. Prices move between two converging trendlines .
Two trendlines bound prices; the top trendline is horizontal and the bottom one slopes upward.
Price must cross the pattern from side to side, filling the triangle with price movement. Price must touch each trendline at least twice, forming distinct valleys and peaks.

Breakout upward 70% of the time and 61% of the way to the triangle apex (upward breakouts) and 62% of the way for downward breakouts.
In an ascending triangle , the resistance line runs parallel while the support line is rising. To avoid false breakouts, it is recommended that traders should wait for three peaks (or three valleys, respectively). Valid signal comes in when the closing price is either above the
resistance line or below the support line.

More to this is the Ichimoku metric set up which is current moving for EDGE TO EDGE TRADE SET UP.
"when a candle close occurs inside the Cloud, you can with reasonably high probability expect price to reach the other end of the Cloud".
Entry price at $33.31 with price move up targets.

https://i.imgur.com/GPZ1C0A.png

Looking at BTCUSD chart on a higher time frame(daily time frame).
A huge bearish pennant flag pattern spotted on the one day time frame, A bullish/bearish pennant is almost identical to a symmetrical triangle(looking at the flag itself), for a proper breakout to valid , we wait until three valleys are formed( currently at the second valley support). The pole of the bearish pennant flag make the pattern more valid, as it is used to measured the move down target. Prices move between two converging trendlines .
The flagpole which leads to the pennant should be unusually steep and last several days.
Volume trend downward 89% of the time and Breakout upward 57% of the time. As the chart is clear with visible white space in between the flag, it is called LOOSE PENNANT FLAG PATTERN .
The volume which has reduced plays an important part in the breakout.
This pattern will be valid only when price breakout downward and closes below the flag.
VERDICT:
SELL/SHORT: $3388
BUY: $3226.6 down to $2006
STOP LOSS:$3869
Remember TECHNICAL ANALYSIS is all about probabilities and based on previous market performance(not all about certainty)
Disclaimer: This is for educational purposes,it is not intended as a financial advice.
The analyst won't be responsible for a loss of fund. Trader should be able to manage risk.

Whether we are hard or easy when trading will do everything to be the best strategy and follow the price increases to get good profits here in the trading day. I'm weak in trading but I just say trading if high volatility is good in trading process but also be careful because sometimes the volatility has dropped, so it's important to be careful not to lose anything.

Your hope has become extinct, my friend ...
Bitcoin prices are falling this year. last year you had very good expectations, but in reality it wasn't what you expected. still be patient we have the same fate.

for me, this risky daily trading in overcoming it we have to adapt to the market so that every time don't use the same method, once in a while you have to change the method you use even though it worked well before. this is also to add to our experience and knowledge when there are different market conditions

If we compare the downrate of bitcoins, we would expect a higher uprate as bitcoins always dump before they start pumping. This is expected several times since 2016 as bitcoins got huge importance after 2016 which made the price grow from that time. 2017 was been a great year in the history of bitcoins but in the upcoming future, we can expect some even more better pumps and the price for bitcoins would actually get to a instinct height which will make bitcoins most valuable.

Hi guys, how are you, many indicators, but you know that I think you must first understand the market, at this time the indicators do not apply, what I think is that Bitcoin is operating at this time many bots And the operators really hope they can buy cheaper, which I think due to the volume is that we are in the accumulation phase.

When the price breaks a dead zone and the market is in the red zone, the best idea is to place a buy order and close the trade very quickly without waiting when the market occurs again in the dead zone.
How to specify a red zone? It's very easy. For this, you need to find a "dead zone" cryptocurrency pair. After this, you should draw a rectangle above the resistance and below the support. If you need to know more about the cryptocurrency market in the red zone, you need to know that NewConsort will soon launch a new education and trading platform, you can pick up a lot of interesting information about trading patterns.

I think the trading of the day will not be good at this time. You can see, every day the price of big altcoins only fluctuates from 0.5% - 1.5%, which is too small to earn money.
In addition, there are many altcoins that are pumped quite high like BitTorrent, Grin, Bitnautic, ... but it also dramatically drops prices (you can refer to the price list right now).
So daily trading is now quite risky. little increase but much decrease. It is not our criteria, we should wait more.

That's why it seems reasonable to use the leverage provided by PrimeXBT platform to earn money even on a small market fluctuations

https://i.imgur.com/uQKBJL1.png (https://www.tradingview.com/chart/BTCUSD/km2uryqg-BTCUSD-RANGE-TRADING/)

The support and resistance are holding tight on the 30mins time frame forming a rectangle bottom.
price trends downward leading to the chart pattern.
Prices have flat tops and flat bottoms, crossing the pattern from side to side following two parallel trendlines . Two horizontal trendlines bound price action. Price should touch one trendline at least three time and the other trendline twice (5-touch minimum) using distinct peaks and valleys. breakout upward 59% of the time. A break above the resistance will test the next resistance at $3475.
If price breaks the 1st support level , price will likely test the next support at $3435( a long position should be taken and moved back up to $3475.
Buy at the bottom trendline and sell at the top one, then reverse the trade.
Risk Disclaimer:
Trading cryptocurrency on margin carries a high level of risk(volatile), and may not be suitable for all trades who are yet to understand how to use STOP LOSS. The high degree of leverage can work against you as well as for you.
It is your responsibility to confirm if you want to take this trade or not. Trade only with risk capital; that is, trade with money that, if lost, will not adversely impact your lifestyle and your ability to meet your financial obligations.
If you do not fully understand these risks you must seek independent advice from your financial advisor.

Check PrimeXBT video review

https://i.imgur.com/X6R4UBB.jpg (https://www.youtube.com/watch?v=NMnX0Z2KKok)

Don't try to earn huge profit from day trading. You can start with a good amount of money. Just try to make 2-4% profit from it. After a month, you will able to see a huge profit. Buy coin at the time of dip and sell with high price if you want to trade for long term.

Good point, you don't have to rush for great market moves, sometimes with leverage, it seems reasonable to take profits from quick scalp moves and short stop loss

Not really worth it if we have some a low amount money of the investment. To be honest i will try to trading with a Shitcoin, I have a good strategy trading with some shitcoin and the profit was really amazin 30-50% using a small capital.

If you are capable to predicting daily support and resistance levels then you may go for daily trading. I tried with pivot pint analysis and it worked for few assets but on not regular basis. I mean I tried with bitcoin and ethererum but unable to get consistent results. I am still trying with my research to crack and catch exact turning points of markets.

definitely people don't want to make a huge income by long term investing they need money every day that's why they are choosing the way of trading in short period of time Nike day trading this is the only reason that day trading will increasing very short time.

Currently the price of BTC sideaway and in this situation the are 2 skenario,  the price will going up or down so its better waiting for next candle sticks so we can decide the price will uptrend or downtrend. Technical  analysis is work in trading but its never work  perpectly so risk management  by use stop loss is should to use always.

Pivot point based trading is always effective but you need to be sure considering longer time frame like you should not consider only yesterday's data for deriving your today's support and resistance levels but you must go for last week or last 3 to 5 days day to derive your support and resistance levels so that you may get accurate predictions.

I am just following candlestick pattern recognizing for my trading and I do trade occasionally hence I am not having any big trade ideas to share here.

I am first a Forex trader, and doing it for last 7-8 years. So, Crypto trading comes easy for me. I don’t see any rocket science with it since I consider it all as common sense only.

It works with having good money management and then making sure you are aware of all Crypto News (https://cryptolinks.com/cryptocurrency-news), as that’s where everything works out right. IF we are able to achieve that then only we are able to reach the destination we desire to reach up.

I think when the cryptocurrency market is in the red zone and the price drops hardly, you should take buy order and wait for that moment when the price starts raising again to sell it. In such a way, you can earn on cryptocurrency much. But for this, you need to be more an experienced trader not to pass that moment when the price starts dropping again. You can get new skills in trading cryptocurrencies and fiat products on NewConsort platform developed especially for trading education and safe trading.

Very simple thing from me and that’s to make sure you stay on with risk/money management, as it’s something that helps you in every situation that occurs. I believe these are far from easiest of stuff but very much doable IF we plan well. I only take 2-3% risk on trade, but yet I get good returns thanks to FreshForex with their 101% Tradable Deposit bonus addition, so in actual I have 2/3% risk, but with the total amount, it turns out to be 5% when looked at my actual investment.