But they could get wrong and we do not know for sure about that. I prefer to analyze by myself and if my analysis is wrong, that means I need to learn more about trading. That is a way to improve our analysis skills in trading.
As always every telegram groups or means of groups that send signal are all doing it for the sake of money. Money is the driving force to that and you can not think of getting adequate information or signal if someone else is doing that for you it is not reliable. I do prefer that I do it by myself to learn the process that will help me not to get scared of market volatility. As I new trader, I get scared at the volatility of the market and exit my trade in fear lol. |
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On the long time, the month ending candlestick is favourable to bull and shorting down to $52,000 area is risky except the stop loss and take profit is activated to immediately scalp some profit on the down side but staying at short levels around that $52k range is not a good one. For the week ending, the price of bitcoin beyond expectations did highs and investors are likely to buy with the hope of more bull.
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I just hope that those who are stuck in their house during the pandemic that enters the world of trading are serious about their goals to learn trades. I'm afraid they are just doing it for the sake of, they don't have anything else to do. Now that the world is slowly rising from the pandemic, some activities are also resuming their operations. Those youth might shift back again on their usual and leaves trades.
Well, still depends on our preferences if we like to push on something. Good luck to those who still continue the game.
I started trading during the pandemic,and I can attest to the fact that trading has really helped my life. Most of my friends who introduced me to the line of trading backed down because they feel the risk involved is going to swallow up their money.But for me,it is the beginning of taking risk.They say it is even risky not to take a risk,therefore,what I have started,I am going to continue untill I know how to trade without loosing,because trading involves skills.This is what we stand for,and there is no backing down to it because it has helped our lives. There is no trading without losing but the rate of losing should not be higher than the profit and consistent profit is not the absence of lose. So if we have friends that went into trading but they are not making profit then decided to back down, they don't enjoy trading as even fun. You have to enjoy trading as fun then it develops your passion. It is passion that gets us going as it is not easy to learn trading, there are no best ways to trade but best ways to win and we have to keep to it and guarantee our success. |
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Everyone was blaming September for the dip like it was a dip holiday and just waiting for October for the pump. And as soon as October came - and I mean literally, like the first day of October - prices started to go up and it started to pump. How??
Many have been expecting huge pump after September, and certainly they hit the right projections. Yes! Price started to pump, but also not showing faster progressions because resistance was still making $60k harder to achieve. Also for altcoins, they've been drowning so bad while btc soars very high this October. September wasn't suppose to be a dip going with 2017 experience that had a huge volatility. But it happened that way and the opening of October began a tremendous steady growth. I think the October bull may continue because of the volatility of the end of the year. Bitcoin has shown to be unstoppable since last year when covid-19 changed the economic atmosphere of the world. |
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And we all know that if rounds numbers like $60k is reach, another set of FOMO will enter the picture so I expect that a new all time high can be established in this latest super fast rally that we are witnessing.
I don't believe round numbers having something doing with the price rising or decreasing nor if it means a strong support or resistance to be broken. Those are mere speculation with round number but I understand that this is a bull rally with a little stop on and on and if $60k gets broken it means the price off to bull and a new ATH may be reached. |
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Superpower countries will be the hardest one to budge in, other countries wouldn't have that much problem so I am pretty sure that this is going to be a chain reaction that has the superpowers at the end of the domino line.
They are seating on the fence actually but I like that they are not making it transaction a ban for the users. It is just a moment of time for that legal status to happen because taxes are collected over the transaction so what else? IMO collection of taxes is a driver to making a legal status of it too, maybe it will take the masses to agitate over that. However there are bitcoin mechines all over the EU and USA , it is just as saying it has a legal backing already. |
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Usually sideways is a sign of indecision in the market and that can cause market breakout to any direction. Now the focus is where will the breakout go to? The price have been bullish since the beginning of the month, we are still expecting more bull during this season so the next resistance level that is $60k may be broken down for a text to continue or a pullback spike for more confirmation.
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I've learned it the hard way, I've lost a lot in trading and that's why I've stopped and just choose to hold for a while and sell eventually if there's a profit.
That's way better than to keep up with the market and do daily trades. There's so much burn in my funds when I did day trading. While holding for a while and selling it when it's appropriate is still trading and that's more effective to me.
You are not the only one on the boat as many have given it up while some kept pushing, got better and making profit because trading is profitable than hodling. Almost every trader will have a hard way experience in the life time of trading either while starting or in between. At first when it is going well, it may be that is just happening to profit you but surely the storms of trading will come. For a trader wanting a come back, you have to go through the right process by opening a demo account to practice and understand the market you are going in. start with small account and gradually build your skills, knowledge and confidence. |
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I don't foresee $100k for the next close to three months but we can reach a new ATH when the movement keeps the energy. I'm a hodler and will do my part. But the "traders" seem almost offended at such a proposal. No traders don't have any challenge on the price because which ever way price swing to traders can make money both up and down movement in futures market. Hodlers are always wishing for bull because they want to dump the hodlings they have and a slight drop become their bad day but traders don't feel this way or have this kind of anxiety. |
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3) I start small when it comes to the money I have spent. It was hard for me to trade a big amount of money. I earn small at first but when it come to my slight use of big money I earned well. The difference on this is our emotion that is caused by greed. It is greed that will make us lose both small or big capital. If we don't have control, whatever balance we have will be lost. I started small and that is better because you have the time to learn with it and grow on it, starting big isn't a guarantee until you have learnt very well with experience of market losses and profits. |
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I don't know when will it end but it will definitely end somehow, bull market isn't supposed to last for a really long time so it's not really that surprising that it's going to end, and we don't have to be sad about it, a bull run might end but it will always come back.
Talking on bull run not to last for a long while I think this time or year has been different from 2017. Since last year that the price started going up, I do believe that is bull rally and it has lasted and it has lasted until now with little drop for correction and I think correction is right for the market. I believe this bull rally has been progressing with minor stops, it has largely been bull rally and because the adoption is far different from 2017. |
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The price broke $52,000 today to $54,000 and got to $55,000. The surge happened today but still don't know the reason for that but since this week started after China raised fud, the bull rally started coming up. Many has said that the last quarter of the year is bullish maybe that has all started to replay itself.
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Deriv have such payment platform with cryptocurrency. I have not used it but I have seen alot of people talking about it and also reading about it. They are more focused on crypto currency and 24 hours trading like other exchange. They operating on meta5 an updated version of meta4.
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That's not a guarantee but we can hold on to a hope that there's going to be a bull run this month. October isn't that famous as a month for bull runs so I don't believe that there's going to be a bull run this month.
Bitcoin already broken $50,128 as for now. It can be a great month for bitcoin hodlers. I checked cmc and was surprised the way price has jumped this far. The year ending can be a turn of record breaking since we have jumped into this level, we probably shifting towards the ATH gradually in this first week. |
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With my view as a trader I can say future trading is trading and spot is hodling where we can consider investors, this is the way I see it. This class of people are those that are always scared of fud, they jump out at any slightest assumed negative news. They are always scared of doubling there money in both ways, that is in falling and rising of price like a real futures trader.
In futures is the trader. That person with passion to fight with others to spontaneously take out his or her share of the daily or swing money revolving in the market. This futures can be considered to have some pattern of trading like the scalper, daily trader or swing trader. This is my genuine idea of it because I don't see a hodler to be a trader.
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I thinks Chaina and other country ban Bitcoin price low impact. i hope its recover as soon as Bitcoin big pump.
You are probably not checking on what the price of one bitcoin is while making your post because the Chinese ban news has got no negative effect. The price is trading at $48,270 now for the end of the week. The new week may be we see bitcoin covering more highs and yet some expect lows and fortunately the highs not giving up. The China news is not having any pull back on bitcoin. |
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I think I will be safer keeping my money in cryptocreency right there in my wallet.  Reasons my money will be safe with me in bitcoin is 1. No inflation fears rather prospect further growth. 2. No third party interference like banks. 3. Freedom to transact anytime I wish. 4. Blockchain transparency. |
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Life really sucks if someone sold all their BTC to make a business offline like a restaurant and is not successful today because of the pandemic. Not having BTC today is a setback.
Not everyone will have the opportunity to have a bitcoin really but those who have and sell for fear or fud and they try to drive a physical business by selling off bitcoin hodling, if that business fails is going to be devastating and I think such person would not be happy. But I don't think is wise to use up bitcoin for the purpose of physical investment except using the proceed for capital investment that grows in value with time like land acquisition. |
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I think such systems have not survived far enough really. There are some projects that tried lending in the past but I don't know how far they went or they defrauded and took people's money. Collateral has been a big challenge for this. This is why here on the forum, such program do exist P2P but with third party escrow which could also be as a result of the campaign a collector member is promoting.
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What ever is free is not taken seriously. You can get such channels in the midst of the paid groups but they don't take the free subscribers seriously to provide them with signal. They first attend to the paid group, that is either the regular, premium or VIP before they remember the free sections and before they drop the free signals, the trading would have gone far unlike the paid peo who will get the signal before the trade. They also make a ration or rotation of days to send free signal because it is not daily, they send fewer signals too unlike paid group. The free sections is just to frustrate and make you pay for their subscription  |
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