MOBbrothers
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December 17, 2018, 12:45:03 PM |
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It is good when the investor knows about trading strategies and knows how to apply them in life. It is bad if an inexperienced trader trades relying only on his thoughts and emotions.
your message apply to me honestly. i found it difficult learning the skills but i will never give up. since people can learn and trade. i also will learn and trade as well. that my believe.
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proTECH77
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Bisq Market Day - March 20th 2023
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December 17, 2018, 02:41:28 PM |
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It is good when the investor knows about trading strategies and knows how to apply them in life. It is bad if an inexperienced trader trades relying only on his thoughts and emotions.
your message apply to me honestly. i found it difficult learning the skills but i will never give up. since people can learn and trade. i also will learn and trade as well. that my believe. This has been the most detailed trading site news i have ever visited and i must say a very big thank you, sir. Your strategy have help me to put it up again and continue with my spirit of trade, more also, i just got a tip from your analysis on this trend so easily. Few years ago i went into trade lesson which i paid for without it knowledge but here am proud to be your student.
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Maxpips (OP)
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December 17, 2018, 03:51:50 PM |
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Thanks for your kind comments, guys. Here's a quick update on Bitcoin.......
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Maxpips (OP)
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December 17, 2018, 09:21:02 PM Last edit: December 18, 2018, 12:06:54 PM by Maxpips |
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Bitcoin Update: Sell Area Broken, Price In New Sell AreaThe large rise that started this afternoon has caused the price to break through the sell area that formed last weeks and move into the area above. This large rise gives more evidence we are in fact seeing a major bottom form. It doesn't confirm that a bottom has formed, and that Bitcoin will now not drop below 6400, but it does make it less likely. At some point over the coming weeks/days I think we'll see a drop down to 3100 - 3200 take place followed by another big rise. The reason why is because the whale traders can't buy all of the Crypto they want in one go. They have to buy it bits by making the price rise and fall over and over again. This is why you usually see reversals begin after multiple large rises have originated from lows found at similar prices. Currently we're seeing some candlesticks with large wicks on top (blue arrow) form on the 1 hour timeframe. This is likely to be caused by the traders who made money from the large rise taking some profits off their trades. I think this profit taking could cause the price to fall slightly either tonight or tomorrow. The point to watch for trades is the buy area created by the most recent leg of the rise. This buy area is the most recent point where large traders and investors would have been able to buy Bitcoin, so is a likely place for the price to reverse if it falls. If you see the price enter the area be on the look out for Bullish Hammer candlesticks and Bullish Engulfing patterns, as these usually indicate the price is about to reverse. Note: Read my post below if you don't what bullish hammer candlestick or Bullish Engulfing Patterns look like. https://www.cryptotradingschoolonline.com/make-100-a-day-with-this-crypto-day-trading-strategy/
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rebrik7
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December 17, 2018, 09:32:47 PM |
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Bitcoin Update: Sell Area Broken, Price In New Sell AreaThe large rise that started this afternoon has caused the price to break through the sell area that formed last weeks and move into the area above. This large rise gives more evidence we are in fact seeing a major bottom form. It doesn't confirm that a bottom has formed, and that Bitcoin will now not drop below 6400, but it does make it less likely. At some point over the coming weeks/days I think we'll see a drop down to 3100 - 3200 take place followed by another big rise. The reason why is because the whale traders can't buy all of the Crypto they want in one go. They have to buy it bits by making the price rise and fall over and over again. This is why you usually see reversals begin after multiple large rises have originated from lows found at similar prices. Currently we're seeing some candlesticks with large wicks on top (blue arrow) form on the 1 hour timeframe. This is likely to be caused by the traders who made money from the large rise taking some profits off their trades. I think this profit taking could cause the price to fall slightly either tonight or tomorrow. The point to watch for trades is the buy area created by the most recent leg of the rise. This buy area is the most recent point where large traders and investors would have been able to buy Bitcoin, so is a likely place for the price to reverse if it falls. If you see the price enter the area be on the look for Bullish Hammer candlesticks and Bullish Engulfing patterns, as these usually indicate the price is about to reverse. Note: Read my post below if you don't what bullish hammer candlestick or Bullish Engulfing Patterns look like. https://www.cryptotradingschoolonline.com/make-100-a-day-with-this-crypto-day-trading-strategy/ If you look at the current BTCUSD chart, you can see that the author was very close to the truth, in his predictions. And if use advices about points of enter the positions, it should have been a good deal.
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Maxpips (OP)
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December 18, 2018, 01:10:57 PM |
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Thanks Rebrik, good to have you back on the thread. Here's my update for Bitcoin........ Bitcoin Update: Small Drop Out Of Sell Zone As expected, the price has dropped slightly since it entered the sell area yesterday evening. The fact that no really significant drops have taken place during this decline indicates it is actually caused by profit taking, meaning there's a high probability we could see the price rise back into or break through the sell area today or tomorrow. The price did drop into the buy area I said to watch in the early hours of this morning but no Bullish Engulfing patterns or large Bullish Hammer candlesticks appeared, so you couldn't have used the area to enter a trade. The focus now is still on the buy area. The rise out of the area we saw this morning wasn't very strong, which suggests another drop into the area is likely to take place before the price rises back to the sell area. As always, if you see the price enter the area keep an eye out for Bullish Engulfing patterns and large Bullish Hammer candlesticks.
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Maxpips (OP)
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December 18, 2018, 03:51:56 PM |
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Quick Bitcoin Update.......
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membercard
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December 18, 2018, 04:30:47 PM |
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Quick Bitcoin Update.......
Hello Maxpops! I want to invite you to blog on our platform. Neironix is a global provider of financial and analytical information about cryptocurrency markets, required for making carefully weighted investment decisions and building long-term market strategies. I want to offer you to blog with on our platform in the appropriate section. https://neironix.io/news/blogsThanks to this, you can gather an additional audience, sell advertising and simply gain popularity among users of our platform. If you write full-featured interesting articles, we are ready to publish them in the main news section with a link to you (to your blog or on any other resource) Also, if you will actively run your blog, we will single it out among the rest as one of the first to joined. If you are interested in this offer let me know My telegram @ikromzhon86
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Maxpips (OP)
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December 18, 2018, 07:14:15 PM |
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Wow, huge thanks for your offer Membercard. I'm definitely interested. I have a few questions about how things will work, in regards to posting onto your site and stuff. I'll contact you tomorrow to talk more. Again, huge thanks. I really appreciate this offer.
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rebrik7
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December 18, 2018, 11:45:52 PM |
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Quick Bitcoin Update.......
Yep... situation is too ambiguous. These flats after high green candles - best time to lose money ) nobody knows where price will move - up or down. It's hard to predict.
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Zalura
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December 19, 2018, 12:47:49 AM |
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I haven't seen anything that would be so useful in this forum for a long time. It looks like a simple and useful strategy and I will surely try it. Thanks for sharing this strategy with us and I hope you will reach the summit you want in the future.
the best strategy usually takes advantage of a very bad situation to trade, when other people start selling because they feel the future is not good, then at that time we can take advantage of panic situations by buying according to our abilities, because buying at a falling price has a chance more for profit, or buying strategies for long-term savings, this is also a way of looking for profit in the future, because it can be predicted in the future prices will still rise again.
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Adhichan
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December 19, 2018, 01:17:02 AM |
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Quick Bitcoin Update.......
Yep... situation is too ambiguous. These flats after high green candles - best time to lose money ) nobody knows where price will move - up or down. It's hard to predict. we could use technical chart to predict market strenght.and usually profesional trader use price action and candlestick analisys.in this analisys we could know the momentum that will bring direction to market.
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bots1
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December 19, 2018, 02:34:17 AM |
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Quick Bitcoin Update.......
Isn't that a buy area too low? I see it has a descending triangle pattern so that bullish will continue.
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Gridness
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December 19, 2018, 02:44:19 AM |
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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 for day trading. And the second part is what I use when a large rise/bull run is taking place. You can learn how to use both strategies on my site (see below) Both strategies are simple to trade but require 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 about trading or would like help with anything you can ask me on the thread or email me at liamcrypto123@hotmail.comThis is a very useful part for people who have just entered the trade because it is very easy to understand and if this "knowledge" is sold, it will definitely be expensive. and I really like this article "How To Use Support And Resistance Levels"
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Maxpips (OP)
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December 19, 2018, 11:52:51 AM |
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Quick Bitcoin Update.......
Yep... situation is too ambiguous. These flats after high green candles - best time to lose money ) nobody knows where price will move - up or down. It's hard to predict. Yeh, I'm not a fan of these consolidation periods after large rises either. They usually end at or near a buy area on a lower timeframe, but the price action that appears as the price moves around makes it hard to judge whether the price is actually going to fall into the area or just keep falling. Quick Bitcoin Update.......
Isn't that a buy area too low? I see it has a descending triangle pattern so that bullish will continue. I wouldn't put too much faith into chart patterns, Bots. It's much easier to just go off the areas. Sometimes patterns can work out okay, but other times they force you into a view of the market that isn't realistic. For example, if you saw a large triangle pattern forming you may think not to trade the pattern until the breakout. But by doing that you miss out on all the opportunities to make money trading inside the triangle. So they can be good and bad, depending on the pattern. My Bitcoin update will be up soon, guys.
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Maxpips (OP)
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December 19, 2018, 01:01:31 PM |
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Bitcoin Update: Buy Area Causes ReversalThe small buy area outlined in my last update caused the price to reverse and break through the sell area last night. The price hit the area at 6:30pm, and upon doing so caused a Bullish Engulfing pattern (black arrow) to form. This pattern was only small, so it wasn't a good reversal signal - even though it did cause the price to reverse. However, you still could have used it as an entry due to the size of the area being very small. The two points to watch now are the buy areas created during the rise. These two buy area are most recent points where the whale traders could have bought a large amount of Bitcoin, so are the points where the price has a the highest probability of reversing if it falls. The price is currently inside a sell area that formed during the last major drop, so we could see a drop into the upper buy area take place this afternoon or evening. As usual, watch for Bullish Engulfing patterns and Bullish Hammer candlesticks - candlestick that have large wicks on top - to form when the price touches or enters the area, as these are both good signal the price is about to reverse.
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SnapDown22
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December 19, 2018, 03:06:20 PM |
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Quick Bitcoin Update.......
Isn't that a buy area too low? I see it has a descending triangle pattern so that bullish will continue. traders and mining are thin but I still choose mining because it's easier and not as complicated as trading and I'm sure mining can earn more than trading in my opinion
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Maxpips (OP)
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December 19, 2018, 08:14:15 PM |
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Bitcoin Update........
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rebrik7
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December 19, 2018, 11:30:47 PM |
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Bitcoin Update: Buy Area Causes ReversalThe small buy area outlined in my last update caused the price to reverse and break through the sell area last night. The price hit the area at 6:30pm, and upon doing so caused a Bullish Engulfing pattern (black arrow) to form. This pattern was only small, so it wasn't a good reversal signal - even though it did cause the price to reverse. However, you still could have used it as an entry due to the size of the area being very small. The two points to watch now are the buy areas created during the rise. These two buy area are most recent points where the whale traders could have bought a large amount of Bitcoin, so are the points where the price has a the highest probability of reversing if it falls. The price is currently inside a sell area that formed during the last major drop, so we could see a drop into the upper buy area take place this afternoon or evening. As usual, watch for Bullish Engulfing patterns and Bullish Hammer candlesticks - candlestick that have large wicks on top - to form when the price touches or enters the area, as these are both good signal the price is about to reverse. It seems that price actions moving according to such a scenario. Buy zone was correct. Those who opened positions are already in a small plus.
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mirakal
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December 20, 2018, 09:11:28 AM |
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Bitcoin Update........ It's very accurate, there was a little drop but bitcoin is now trading above $4K. So, this is a real bull run mate? or just a trap? Regardless, I still enjoy what's happening, it's been 3 days that the market has been positively moving.
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