I'm A Professional Trader, Here's My Strategy

[Maxpips]

Guys, I've noticed that a lot of the images have gone missing, they're showing a "Bitcointalk.org image proxy" message.

Unfortunately, me being the idiot I am, I didn't upload any of these images from a image hosting site. I just did it straight from an editing site I use. The site has now started deleting the images, hence the reason for the message.

I'm going to see if I can retrieve some of the images. If I can't, I'll just redo the analysis and post them again.

Bitcoin Update.....

The large drop I mentioned in my final update last night did cause the price fall back into the buy area that had caused a reversal earlier on in the day.



You can see that once it fell into the area another reversal candlestick formed, causing the price to reverse and begin moving back up to the high made yesterday.

This reversal candle was a great signal to enter a trade - a signal I would've took if it hadn't appeared so late at night.

Take note of the fact all three reversal candlesticks fit the description of the candlesticks I've been saying to watch out for inside the different areas since I started this thread.

The first candlestick (marked with the blue arrow to the far right) has a large one sided wick, which I've said to watch out for multiple times, and the second and third candlesticks are both bigger than their prior candle, something else I've said to watch for.

Study what these candlesticks look like so you know what to look for when the price enters an area I've marked.

The point to watch now is the area marked below.



This area formed as the price rose out of the bottom buy area, and has good chance of causing the price to reverse if it falls into it.

Again, watch for reversal candlesticks that look like the ones that appeared in the buy area (see previous image) to form inside this buy area, as they could signal an imminent reversal.

[Maxpips]

Quick Bitcoin Update......


As many of you will already know, this afternoon a huge rise took place on Bitcoin and many other currencies. 



The rise pushed the price through the source of the drop that took place on the 29th. 

Now the price is falling as the traders and investors who made money from this rise take profits off their positions. 

The point to watch now is the area marked below. 



There's a very high chance we could see the price reverse from this area and continue it's ascent. 

The price is falling into the area right now, so a reversal could take place within the hour or at some point later on tonight. 

Keep an eye out for candlesticks with large one sided wicks forming inside the area or candles with bodies bigger the candle that formed immediately prior, as both would suggest the price is about to reverse. 

[Quidat]

Wow, it amazes me to visit and read your article of how you explain almost everything there. It's a nice website btw, i'm not done reading to it yet that's why i have to bookmark it. lol

Anyway, i've noticed that you didn't know what is this telegram thing well it's just an app for quick messaging but most traders/ICO/DevTeam use this to gather the people that wanted to join on their group to start talking about of there ideas, you know, some ideas that exclusive only for them.

[Fulmand]

Wow, it amazes me to visit and read your article of how you explain almost everything there. It's a nice website btw, i'm not done reading to it yet that's why i have to bookmark it. lol

Anyway, i've noticed that you didn't know what is this telegram thing well it's just an app for quick messaging but most traders/ICO/DevTeam use this to gather the people that wanted to join on their group to start talking about of there ideas, you know, some ideas that exclusive only for them.

That article can really help every trader analyze deeply the current marker movements. Social media communcations could give us good interactions while the community still discussed the ongoing project development of the coin. We can't really trust all who joined in the social media group, but it's a good thing to determine those admins in the group to avoid scammers.

[Maxpips]

Thanks guys, I'm glad you like the site.

Yeh, I'm going to get the telegram thing going soon. I meant to do it yesterday but didn't get chance due to all the action that was going on.

Etherium Update: Huge Rise.......

As with Bitcoin, we also saw a huge rise on Etherium earlier this afternoon.



What's interesting about this rise is that comes only a day after someone or a group of people bought a large amount of Etherium.

If you remember, in my post last night I said the reversal we saw after the big drop took place was caused by someone (or a group of people) buying a huge amount of Etherium, as evidenced by the huge wick that was on the candlestick that showed the drop (black arrow).

The fact that we've now seen this huge rise only a day after they bought suggest to me that these people, whoever they are, had inside knowledge that this rise was going to take place, and that's why they decided to buy all that Etherium during yesterday's drop.

It's impossible to know for sure of course, but it does make a lot of sense with what we've seen (and people say the price isn't manipulated ).

The point to watch now is the area below on the 15 minute timeframe.



If the price falls into this area tonight or tomorrow keep an eye out for candlesticks with large one sided wicks and candles that have bodies bigger the previous candle, as that would be a sign the whale traders and investors are buying again, making it likely the price is about to reverse.

[Maxpips]

New article "9 Tips For Trading Bitcoin And Atlcoin Like A Pro Trader" now available on the site.

Check it out below....

https://www.cryptotradingschoolonline.com/9-tips-for-trading-bitcoin-and-altcoin-like-a-pro-trader/

My Bitcoin analysis will be up soon, stay tuned.

[Maxpips]

Bitcoin Update......

Last night Bitcoin fell into the area marked in my previous update.



You can see the price reversed after it fell into the area (blue arrow) but then a couple of hours later reversed again and ended up falling.

The fall caused the price to break through the area early this morning but is now rising once again.

For the moment, the point to watch is the green area at the bottom.

This area is drawn from the beginning of last nights rise and incorporates the points where the whale traders/investors would have bought Bitcoin. 

If the price falls into this area we could see the whales buy again and cause a rise back to the current high of 6463. 

Alternately, if the price continues to rise from where it is now we could see a new area appear between 6387 - 6397 - I haven't marked this area since the price hasn't risen enough for it to be valid.

As always, watch for candlesticks with large one sided wicks and candles with bodies bigger than the immediately prior candlestick to appear inside the bottom green area, as these signal the price might be about to reverse.

I'll keep you updated when necessary.

[Maxpips]

Etherium Update.....

The decline that started last night has continued today.



Over the past couple of hours we've seen the price rise slightly, creating a new buy area to watch. 

This area doesn't have a high probability of causing the price to reverse, however, watch it anyway, because it could still cause a reversal. A reversal candlestick has just formed, too, so we could see a drop into the area take place in the next few hours.

The main point to watch is still the middle green area I marked last night.

I'm not sure whether we'll see a big drop into this area or a spike similar to what we saw on the 3rd (see the far left red arrow) If it's a spike it could be hard to get a trade placed, because there won't be any reversal signal in the form of a candlestick. If it's a big drop then it'll be easier, as they're usually preceded by some kind of reversal candlestick.

We'll have to wait and see.

[Maxpips]

Bitcoin Close To Entering Buy Area.....



Guys, Bitcoin is close to falling into the buy area I marked earlier.

There's a very high chance we could see the price reverse from this area and move back up to the current high.

When the price drops into the area keep an eye out for reversal candlesticks that look similar to the ones seen below.

[thichtieuthuong]

You have to share extremely useful for newbies to start trading. For those who have long experience, they are like basic theories and in the crypto market there will be no theories.

[Sadlife]

This is exactly what i needed lately ive been stumbling and losing with my daily trades. A piece of advice or tutorial like this could be useful also could i request a video tutorial im really a slow learner when it comes to documentary teaching but i find video tutorials quite convenient and i learn faster from it.

[Maxpips]

This is exactly what i needed lately ive been stumbling and losing with my daily trades. A piece of advice or tutorial like this could be useful also could i request a video tutorial im really a slow learner when it comes to documentary teaching but i find video tutorials quite convenient and i learn faster from it.

Sorry to hear about your losses, Sadlife.

Times have been tough lately but I think things will start improving soon, especially since we're starting to see the volume increase and large rises take place. As for the strategy, more information on it will be available in the coming weeks. A video could be possible but I'll have to figure out how to explain it, because this strategy, whilst fairly simple to trade, is really complicated to understand. So I think I'd need to to multiple videos to fully explain it.

I'll see what I can do anyhow.

[Reid]

Okay that website really have some simple features on it but yet so appealing.

Somehow creating that type of tips is more easier to read that with long kind of pharagraphs.

Please do continue. I will follow this for a better knowledge with trading even with this small fluctuations that are happening. I know there is still profit if you can do it right.

[rebrik7]

Last few analyzes make sense, I'm sure.
However, I have doubts about will it be a long candle or squeeze - up or down? - before global growth begins?

[SlimShadyMmp]

Great man i think i will stick to the website and check since probably same topics just more discussion here I really appreciate you putting it up Site is actually great

[Maxpips]

Okay that website really have some simple features on it but yet so appealing.

Somehow creating that type of tips is more easier to read that with long kind of pharagraphs.

Please do continue. I will follow this for a better knowledge with trading even with this small fluctuations that are happening. I know there is still profit if you can do it right.

I'll try, Reid. Some of the concepts I talk about are pretty difficult to put into tip articles, so I have to use long paragraphs unfortunately. Yes, the market has been quite slow these past few months but I think things are stating to pick up again. A move back up to 8400 on Bitcoin could be underway now and it may complete by Christmas. We'll have to see after that though.

Last few analyzes make sense, I'm sure.
However, I have doubts about will it be a long candle or squeeze - up or down? - before global growth begins?

I'm not sure either Rebrik7, we'll have to wait and see.

Great man i think i will stick to the website and check since probably same topics just more discussion here I really appreciate you putting it up Site is actually great

Glad you like it, SlimshadyMmp. More articles will be on the site soon but I'll also post mini articles on here from time to time, like I did on Saturday with the stop loss article, so do still check every now and again just in case you miss something.

[glowing10]

Thanks for making people understand with the help of the graph. their are many beginners or people who want to get into trading and this would help them to get the basic understanding and how to read the chart and analyze which will help them to take the buy/sell decision.

[Maxpips]

Bitcoin Update....

The price failed to fall into the buy area I said to watch for a reversal in last nights post.  



Just before the price reached the area it reversed and started rising. The rise continued throughout the night and into the morning, however, at 10am a large reversal candlestick formed and caused the price to start falling again. 



This drop ended once the price reached a buy area created by last nights reversal.

When the price entered the area a reversal candlestick formed on the 5 minute time-frame, which I used as a signal to buy. 

Currently the price is at 6418, however, I'm not confident this rise will continue up to the big reversal candlestick that formed earlier. I think a drop into the buy area I mentioned last night is still likely, so we'll have to keep tabs on the situation.

For now, continue to watch the area mentioned last night (the bottom green area in the first image).

[Maxpips]

Quick BTC Update....

Bitcoin has continued to rise over the past couple of hours and is now close to breaking through the high of the reversal candlestick.



It's likely a small drop will take place when the price gets closer to the high, so if you're in a trade it's a good idea to take a small portion off when the price enters the area.

I'll update you again later.

[FrayDigger]

Hello All,

In this thread I'm going to detail how I trade Cryptocurrency.

I've been trading Crypto for the past 6 months with pretty decent results.

The strategy I use is based on a culmination of different techniques and knowledge I picked up in my time trading the Forex market, which is what I traded before moving to Crypto at the beginning of the year. 

There are two parts to the strategy.....

The first part is what I use when the a large rise/bull run is taking place - (you can learn how to use this on my site - see below)

And the second part is what I use when the market is slow or ranging/consolidating.

My strategy is simple to trade but requires some explaining, so I'll be posting pics and doing analysis of different trades to help you understand why I took a trade and what you can do to begin doing the same.

Lets get to it.

P.S I've also started a website that has free information on Cryptocurrency trading.

https://www.cryptotradingschoolonline.com/

It's a new site, so there's only a few articles and things on there at the moment, but I'll be adding more articles to it in the near future, including ones that go into more detail on the techniques you'll see me use in this thread, so keep an eye open for them.

Also, if you have any questions you can ask me on the thread or email me at liamcrypto123@hotmail.com

Good job!
but what do you think about the trading bots? Do you find them suitable with the slow market. I asked you about it because I tried to use Trade Santa bot a I see that it seems ok. What's your opinion about it?