I quit my job to do full-time crypto-trading. Made 12 BTC profit last month

[Serco]

Some thoughts on Ethereum price movements

Ethereum price experienced an upwards trend in a triangle since the end of October.
On 14th of November the bottom line of the pattern was broken with the price crossing the level of $180.
This weekend the price again was back to the former support and formed the retest pattern so far.
The price scenarios are 175 lvl eventually in case of bearish pressure. For now the volumes are low, but personally I do not expect strong bear rally. Rather expect some consolidation in the current area.
In case of the bullish pressure. $195 would be the target.

thats simple analisys using line and few indicators only. This way give us big picture for market movement. This strategy analize the seller or buyer behaviour in market that decribed with these tools. Most of beginner trader trapped in indicator and they forget about  price action analisys that represent market movement and trend. Next i want to share my analisys based on support resistance technique.

[1714016588]

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[1714016588]

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[Mark_R]

Some thoughts on Ethereum price movements

Ethereum price experienced an upwards trend in a triangle since the end of October.
On 14th of November the bottom line of the pattern was broken with the price crossing the level of $180.
This weekend the price again was back to the former support and formed the retest pattern so far.
The price scenarios are 175 lvl eventually in case of bearish pressure. For now the volumes are low, but personally I do not expect strong bear rally. Rather expect some consolidation in the current area.
In case of the bullish pressure. $195 would be the target.

thats simple analisys using line and few indicators only. This way give us big picture for market movement. This strategy analize the seller or buyer behaviour in market that decribed with these tools. Most of beginner trader trapped in indicator and they forget about  price action analisys that represent market movement and trend. Next i want to share my analisys based on support resistance technique.

Totally agree. Would be interested to discover your view of the market!

[Mark_R]

Some thoughts on Ethereum price movements

Ethereum price experienced an upwards trend in a triangle since the end of October.
On 14th of November the bottom line of the pattern was broken with the price crossing the level of $180.
This weekend the price again was back to the former support and formed the retest pattern so far.
The price scenarios are 175 lvl eventually in case of bearish pressure. For now the volumes are low, but personally I do not expect strong bear rally. Rather expect some consolidation in the current area.
In case of the bullish pressure. $195 would be the target.

RETEST TRADE

Look at that nice retest. The projection came true, +3.5R gain.

[Mark_R]

BTC price after strong breakouts of $8000 and $7800 levels (the ones of declining trend) faced a strong support of $7400 and rebounded from this level, making the price consolidating above it.

Just closed my modest short trade at $7550.



After short trade didn't open any positions yet.
Waiting probably for the bull rally in long term due to halving tendency and this beautiful forming double bottom pattern. Major support is $7400. Looks like last resort for $BTC.

[Mark_R]

XBTUSD price has been experiencing the downwards tendency for several month already.

The decline in Novemner was one of the most substantial recent movements that resulted in $7400 support level breakout and further rebound from the bottom border of the downwards range.

Currently, the price is consolidated around $7400 level with the potential to retest. If so, the further price targets are the bottom border of the range (yellow line) and then $5700 level.

On the other side, if the resistance is broken out the price is likely to test the upper border and the level of $8500.

[Swordsoffreedom]

I opened a long position earlier today at 7427 because Bitcoin broke 7400 resistance as you suggested. Another reason for this move is beautiful inverted head and shoulders pattern which is very bullish signal. Pattern can be seen on a screenshot bellow. I hope it's not a bull trap. I have a stop loss at 7459 so I will close with minimal profit if Bitcoin says f*ck your TA, I do what I want
My first goal is 8100 and second goal at 8700.
The 6849 sell order is a Stop Market order. If it crashes to 6849 it's going way down so I'm shorting there. I don't think it will happen though.

[Mark_R]

I opened a long position earlier today at 7427 because Bitcoin broke 7400 resistance as you suggested. Another reason for this move is beautiful inverted head and shoulders pattern which is very bullish signal. Pattern can be seen on a screenshot bellow. I hope it's not a bull trap. I have a stop loss at 7459 so I will close with minimal profit if Bitcoin says f*ck your TA, I do what I want
My first goal is 8100 and second goal at 8700.
The 6849 sell order is a Stop Market order. If it crashes to 6849 it's going way down so I'm shorting there. I don't think it will happen though.

It's typical of BTC to go crazy and abuse any logic lol

Interesting view. Do you act at this timeframe? I mean not using others

[Mark_R]

Amazing. This is one of the rare times the crypto asset price acts exactly according to technical analysis!  Flag bullish vreacout to the $156 lvl and further rebound from the resistance line.

[onyek16M]

wow, so speechless to heard that you get 12BTC in the last month.... so i am thinking that 12 years in trading is long time, and it can make posibble that you get high profit when you trade

so man, i am interesting to learn more about trading with you

[alisonwonder]

Amazing. This is one of the rare times the crypto asset price acts exactly according to technical analysis!  Flag bullish vreacout to the $156 lvl and further rebound from the resistance line.

is this the price of ETH, what will happen next? I see a few months of eth there is no significant increase, I want to try to enter if the analysis you say will be bullish.

[crisanto01]

wow, so speechless to heard that you get 12BTC in the last month.... so i am thinking that 12 years in trading is long time, and it can make posibble that you get high profit when you trade

so man, i am interesting to learn more about trading with you

Just keep an eye to this thread, I am learning a lot from  him and was inspired too. Hope that OP will have an overview of the market for next year, even for top 5 coins so we will have an idea what we should expect in the coming years. I am also aiming that one day, I could quit my job too and will just focus on trading, thanks OP for the inspiration.

[Swordsoffreedom]

BTC
The inverted head and shoulders didn't play out the way I wanted so I closed my long position. Interestingly the support is forming at 7400 as many times before. I'm waiting for breakthrough at either 7350 or 7680 to short or long respectively.

[Mark_R]

BTC is still in the channel after a pump. I believe if it remains above $7400 there are chances it will grow, specifically if it crosses $7650.  Otherwise, the bearish rally is likely to happen.

[Mark_R]

BTC
The inverted head and shoulders didn't play out the way I wanted so I closed my long position. Interestingly the support is forming at 7400 as many times before. I'm waiting for breakthrough at either 7350 or 7680 to short or long respectively.

Yeah. Lately the prices are extremely lacking logic. I consider almost the same lvls to be significant for further breakouts.

[tungaqhd]

Hey. I'm Mark. Shortly about myself: quit my major job to earn my way by trading and it exceeded my expectations. What I got from it that everything is possible, guys.

Here will be the deals I make, some of the stuff to continue the learning curve and anything I found interesting to share with you.
Disclaimer: None of this is financial advice, do your own research, share and earn.

[ 12 years in trading, 4 years in crypto trading ]

Here's one of them:


Each deal is a piece of art



Follow me on Twitter to keep up with the latest trades, get price analysis and other trading hints:
https://twitter.com/MarkRobTrades

Goodluck, i saw many people who quit their main job to trade and failed when Bitcoin pump.
I think one of the reason that make you different is "12 years in trading".

[johnwest]

Your daily analysis is good for newbie traders and for occasional traders. I dont think quitting your job for trading is a good suggestion to give to anyone at this moment. The market is too volatile and alts are impossible to trade.

[Dalmar]

Hey. I'm Mark. Shortly about myself: quit my major job to earn my way by trading and it exceeded my expectations. What I got from it that everything is possible, guys.

Here will be the deals I make, some of the stuff to continue the learning curve and anything I found interesting to share with you.
Disclaimer: None of this is financial advice, do your own research, share and earn.

[ 12 years in trading, 4 years in crypto trading ]

Here's one of them:


Each deal is a piece of art



Follow me on Twitter to keep up with the latest trades, get price analysis and other trading hints:
https://twitter.com/MarkRobTrades

Goodluck, i saw many people who quit their main job to trade and failed when Bitcoin pump.
I think one of the reason that make you different is "12 years in trading".

I respect the decision of the OP but luring advertisements also try to attract the new traders with false promises. Nothing personal but the achievements of OP can be motivational for the novice traders and they can suddenly wake up with idea of quitting their daily job. The consequences are known for everyone and hope they will think twice before accepting such a dangerous decision.

[Swordsoffreedom]

I respect the decision of the OP but luring advertisements also try to attract the new traders with false promises. Nothing personal but the achievements of OP can be motivational for the novice traders and they can suddenly wake up with idea of quitting their daily job. The consequences are known for everyone and hope they will think twice before accepting such a dangerous decision.

Luring advertisements? He doesn't advertise anything. He clearly states that he has 12 years of experience in trading so it should be obvious to novice traders that they cannot expect the same performance.

[SARA ISLAM]

Wow nice growth you made it, an expert can make this decision. I hope your trading journey makes you a successful trader. Happy trading

[TIDOVEE]

It depends on which type of job you quitted,if you were able to make a good business established from the finances made at the 2017,if the business is good enough to sustain you against the job, fine. And if the job is time consuming to disallow your efficiency on the crypto trading, well it may worth it. Just be sure the idea will not end up in regret as many are now.