TC price experienced a decline during a week approximately. Many consider the dynamics rather pessimistic after theis week. Personally I am not convinced in strong bearish rally, would better wait for any border breakout, anyway... Possible targets are still accessable by both bulls and bears.  |
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Recently, the price of BTC experienced an array of impulces, along with the low of the month. Managed to take an advantage of the latest price movement with the short trade afterthe strong level rebound ($9100). Opened short at the confirmation movement and closed at the price consolidation. Overall, 250 points gain. At the chart there are the major price tragets are indicated, according to the sifnificant levels and price action analysis. Currently, looking for breakout or rebound from the nearest resistance level (lower white line).  It broke the lower white line (8800) for a few minutes, but then immediately pulled back to 8700. It almost tricked me to take a Long position. Now waiting whether it will hold above 8600 support. Did you open the position eventually? I'm in long on Binance for long term I did earlier but didn't hit my target so I waited when I should just give up and close it. Now I'm pretty balls deep and don't want to take a ~30% loss (10x laverage) so I keep being patient. Still have some room above liquidation mark so I'll just take a risk and wait. I'm not very optimistic though. Just look at that declining resistance from 26 October on. If breakout happens I'll be very bullish but I'm not at the moment. Indeed so. TC price experienced a decline during a week approximately. Many consider the dynamics rather pessimistic after theis week. Personally I am not convinced in strong bearish rally, would better wait for any border breakout, anyway... Possible targets are still accessable by both bulls and bears. |
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The title of this your topic reminds me of what I actually did in early 2018, I quit my job to face Cryptocurrencies full-time and used my savings to get into trading, it was cool at first and I doubled my funds in days and suddenly came the dip, I started buying and buying the dip thinking that it would moon soon again and I would make millions, well it never did and here I am today, my success story. Although I have to admit that I didn't regret quitting my job, it was definitely one of the best decisions I ever made because it opened my eyes to new opportunities.
Sounds great! Are you still full-time trader? Agree. This is like a personal breakout  |
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Recently, the price of BTC experienced an array of impulces, along with the low of the month. Managed to take an advantage of the latest price movement with the short trade afterthe strong level rebound ($9100). Opened short at the confirmation movement and closed at the price consolidation. Overall, 250 points gain. At the chart there are the major price tragets are indicated, according to the sifnificant levels and price action analysis. Currently, looking for breakout or rebound from the nearest resistance level (lower white line). It broke the lower white line (8800) for a few minutes, but then immediately pulled back to 8700. It almost tricked me to take a Long position. Now waiting whether it will hold above 8600 support. Did you open the position eventually? I'm in long on Binance for long term |
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Probably sth interesting will happen at $ETH chart. Keeping abreast to open a trade! The price consolutdated more and more that is a sign of possible impulse. Currently, there is a local downwards trend and low volumes, however, the global tendency is still unknown. Thus, looking for thr channel breakout with the nearest targets - $195 for bulls and $175 for bears.  |
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Probably sth interesting will happen at $ETH chart. Keeping abreast to open a trade! The price consolutdated more and more that is a sign of possible impulse. Currently, there is a local downwards trend and low volumes, however, the global tendency is still unknown. Thus, looking for thr channel breakout with the nearest targets - $195 for bulls and $175 for bears. |
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Good luck... hopefully you have enough experience to get a regularly income of your trading. how long do you already trade?
i have seen so many people quitting their job in 2017 cause they are going to be fulltime trader. most of them weren't really happy about their decision some months later..
4 years in crypto trading, and 12 years of trading I don't know what it means 12 years. Ill think it is not belong to crypto. Yes we also seen in that past years 2017 that many people are quitting their job for crypto, In that time in crypto have some some good project or a campaign that we want invest and participate some bounties. And in come of trading it was worth cause of this some coins holding are into a high price. Now the times changed. In 2019-2020 the ICOs and bounties are not so "fashinable" and profitable. Quitting job without appropriate expertise would be extremely silly. This is a good choice only if you can allow yourself a high risk and ensure the profitability. Well aside from investing for a capital to be used in trading, you need to dedicate your time, effort and perseverance in learning a lot of things like technical analysis and keeping with the news since these are one of the major tools used in trading in order to somehow predict the price of a certain cryptocurrencies. It is not something that you can decide lightly right away. In addition, you need to read a ton of articles and threads like here in the forum to learn over then experiences of others and also accumulate your own experience through time. Definitely it is so. I mean even when you are experienced, interested and keep stydying (this is must), you may not allow yourself to trade crypto full-time by an array of the reasons. It depends so much. |
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Recently, the price of BTC experienced an array of impulces, along with the low of the month. Managed to take an advantage of the latest price movement with the short trade afterthe strong level rebound ($9100). Opened short at the confirmation movement and closed at the price consolidation. Overall, 250 points gain. At the chart there are the major price tragets are indicated, according to the sifnificant levels and price action analysis. Currently, looking for breakout or rebound from the nearest resistance level (lower white line). |
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Recently, the price of BTC experienced an array of impulces, along with the low of the month. Managed to take an advantage of the latest price movement with the short trade afterthe strong level rebound ($9100). Opened short at the confirmation movement and closed at the price consolidation. Overall, 250 points gain. At the chart there are the major price tragets are indicated, according to the sifnificant levels and price action analysis. Currently, looking for breakout or rebound from the nearest resistance level (lower white line). |
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 Ethereum price for now entered a third diapason, an upwards one. The strong levels that may trigger price consolidation and reversal trend are $190-195 - upper border (range) $180-175 - lower border (range) Currently, the price reached the lower border of the diapason. Waiting for breakout or rebound, supposedly, to open a trade. What are your projections? |
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Ethereum price for now entered a third diapason, an upwards one. The strong levels that may trigger price consolidation and reversal trend are $190-195 - upper border (range) $180-175 - lower border (range) Currently, the price reached the lower border of the diapason. Waiting for breakout or rebound, supposedly, to open a trade. What are your projections? |
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Rather prefer ATAS. Price action and supportive volumes. But this is not the only factor to rely on. Everything goes in complex.
What I do not use for sure (or rarely) are indicators.
As for volumes, probably this book will be interesting for you:
Murphy, John J.:
“Technical Analysis of the Futures Markets”
Oh, thanks for advise. Now I learn Steve Nison 'Japanese Candlestick'. Next will be Murthy. Trading without indicators has own features. Is it mean that you don't use such a definition as 'divergence'? What about a wide-known 'gap with CME'? Consider it to be quite useful and powerful, just not my cup of tea. Sometimes practice, may apply in strategies, but not a fan. You? |
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Good luck... hopefully you have enough experience to get a regularly income of your trading. how long do you already trade?
i have seen so many people quitting their job in 2017 cause they are going to be fulltime trader. most of them weren't really happy about their decision some months later..
4 years in crypto trading, and 12 years of trading I don't know what it means 12 years. Ill think it is not belong to crypto. Yes we also seen in that past years 2017 that many people are quitting their job for crypto, In that time in crypto have some some good project or a campaign that we want invest and participate some bounties. And in come of trading it was worth cause of this some coins holding are into a high price. Now the times changed. In 2019-2020 the ICOs and bounties are not so "fashinable" and profitable. Quitting job without appropriate expertise would be extremely silly. This is a good choice only if you can allow yourself a high risk and ensure the profitability. |
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Why don't you post a trade and its details on the day it has been opened/executed? Then we follow it. Not when everything has already happened/closed?
like most telegram channels give free signals and then everybody follows it? I agree with that, if have a good analysis, of course, I will follow it. even if I have to pay, like a premium channel. but on the other hand, I also learn from this thread, and not continue to follow people's predictions. This is one of the options for traders. However, imo, it worth either have your own analysis, or follow such signals, but not blindly |
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 ETH price after following an upwards range from the 3rd of November approximately, broke its lower border and entered the opposite downwards trend. The short was opened at the retest of the former lower border of the diapason and closed above the second strong resistance level ($185 approximately). |
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ETH price after following an upwards range from the 3rd of November approximately, broke its lower border and entered the opposite downwards trend. The short was opened at the retest of the former lower border of the diapason and closed above the second strong resistance level ($185 approximately). |
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Why don't you post a trade and its details on the day it has been opened/executed? Then we follow it. Not when everything has already happened/closed?
That is made for educational purpose, but yeah, sometimes I tend to conduct some online trades. Will increase the number, but remember that this is not a financial advice  |
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XBTUSD range: The resistance of $9480 approximately and an upwards support line. Shorted at the resistance rebound and closed tha position at the support line reaching with the 160 points gain. Currently looking for scalping opportunities.  |
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XBTUSD range: The resistance of $9480 approximately and an upwards support line. Shorted at the resistance rebound and closed tha position at the support line reaching with the 160 points gain. Currently looking for scalping opportunities. |
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Lol. In (very) long term. Probably  Watching volumes carefully.
Sorry, where do you analyze volumes? TigerTrade? ATAS? How to watch for volumes? Trend? Any dependencies? Something else? Sorry for noob questions Rather prefer ATAS. Price action and supportive volumes. But this is not the only factor to rely on. Everything goes in complex. What I do not use for sure (or rarely) are indicators. As for volumes, probably this book will be interesting for you: Murphy, John J.: “Technical Analysis of the Futures Markets” |
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