PrimeXBT🔥Daily Trade Ideas 🔥FREE

[Vingolle]

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.

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) 

[Vingolle]

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

[traderethereum]

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.

[Vingolle]

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

[rapsa2018]

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.

[playboy654]

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

[Sum24]

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

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.

[Vingolle]

New trading idea is here:



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.

[Vingolle]

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.

[Vingolle]

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.

[sclmte]

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.

[moynul2050]

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.

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.

[Matthewmorris4]

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

[GreatOrchid]

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.

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.

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.

[LUCKMCFLY]

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.

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.

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.

[JackPeterson1]

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.

[rose9696]

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.  

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.

[Vingolle]

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

[Vingolle]

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.

[Vingolle]

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