Mark_R (OP)
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October 24, 2019, 03:01:46 PM |
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The projection works. Shorted inside the neutral triangle. +2R gain
How to predict such a situation as for now on the BTC/USDT? As I see thee most of the traders don't see dump now. Maybe as a global trend and with a low chance but ... Now we at $7400 and what next? Moving till your descending channel till $7200? The simpliest anв REALLY working method is to monitor the significant levels while keeping an eye on the volumes. If you are not sure in th entry point, use pyramid entry. Open a trade on the confirmation candle. As for the price movements, $7500 is a strong psychological level. Many people expect the autumn 2018 repeat (huge drop), but imo the same drop hardly will happen this time. However, I consider $7200 and below quite possible.
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Mark_R (OP)
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October 24, 2019, 03:07:07 PM |
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Looking at the broader picture of Bitcoin price movements (1d) that is worth saying that yesterdays' drop signified the confirmation of the downwards channel lasting for 4-month. Interestingly, the drop below $7500 coincided with the daily maximum of Bakkt trading volumes. Anyway, that is not what the post is about. What we have currently is $7400-$8500 neutral diapason with several signoficant support & resistance lines marked as price target. $5600 acts as a final bearish target, while $10400 is a bullish final target for now. The consolidations and retests are expected at the strong levels zone, including downwards trend lines (yellow & green) that, supposedly, will contribite signoficantly to the price dynamics.
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Mark_R (OP)
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October 25, 2019, 09:23:34 AM |
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BNBUSDT was fluctuating in a firm upwards diapason for a week approximately. On the 23th of October-eve of 24th, the price broken out the support and reached the support of October, 13. As soon as the price rebounded from the support the bull rally started. Opened a long position at the confirmation, for now closed 50%. Waiting for the consolidation on the resistance levels (marked in yellow). The price may stop moving at reaching both resistance levels - horisontal and the lower border of the upwards trend (marked in white).
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Mark_R (OP)
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October 25, 2019, 01:29:56 PM |
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BNBUSDT was fluctuating in a firm upwards diapason for a week approximately. On the 23th of October-eve of 24th, the price broken out the support and reached the support of October, 13. As soon as the price rebounded from the support the bull rally started. Opened a long position at the confirmation, for now closed 50%. Waiting for the consolidation on the resistance levels (marked in yellow). The price may stop moving at reaching both resistance levels - horisontal and the lower border of the upwards trend (marked in white). IT WORKS AGAINBNB impulse went up! Closed the position for now with the 4,5R profit Long live technical analysis!
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Mark_R (OP)
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October 26, 2019, 10:49:15 AM |
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Looking at the broader picture of Bitcoin price movements (1d) that is worth saying that yesterdays' drop signified the confirmation of the downwards channel lasting for 4-month. Interestingly, the drop below $7500 coincided with the daily maximum of Bakkt trading volumes. Anyway, that is not what the post is about. What we have currently is $7400-$8500 neutral diapason with several signoficant support & resistance lines marked as price target. $5600 acts as a final bearish target, while $10400 is a bullish final target for now. The consolidations and retests are expected at the strong levels zone, including downwards trend lines (yellow & green) that, supposedly, will contribite signoficantly to the price dynamics. Good news guys! 🔥 BTC followed bullish scenario. The downward trend was broken & the price already reached exactly the upper resistance lvl drawn. No $5000 in the foreseeable future. Living online now c boy names 2015
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AUruHM
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October 26, 2019, 06:25:24 PM |
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Good news guys! 🔥
BTC followed bullish scenario. The downward trend was broken & the price already reached exactly the upper resistance lvl drawn. No $5000 in the foreseeable future.
Living online now
Did you enter in this movement? I think 8400 will a strong resistance but in a short time price goes up again. The simpliest anв REALLY working method is to monitor the significant levels while keeping an eye on the volumes. If you are not sure in th entry point, use pyramid entry. Open a trade on the confirmation candle.
The latest situations (dump and after growth) didn't have a reliable confirmation to make a deal. Or it should be based on the experience and some 6th feeling to enter. Not on the TA. Is not it? After $8600 we have time to consolidation but so much green candles must be corrected. And nothing, the price goes up again. What's wrong?
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nelson4lov
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October 26, 2019, 08:19:32 PM |
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OP, I'd like to hear your opinion on the current bitcoin price. Considering Bitcoin moved about 25%+ and reaching a high of $10,300 in the last 24hrs. - - What do you think the price is heading to now? It's retracing now, currently at $9035 (at the time of this reply). Also, are we going to see 10K levels anytime soon? - - What's your lomg term view on Bitcoin? 👆 Or 👇. I haven't traded in a while due to university exams. So I'm currently paper trading till I get the hang of everything once again. I would appreciate if you share your answers to my questions.
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Itsmylife
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October 27, 2019, 08:56:29 AM |
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After the pump of BTC has reached the peak of $ 10k3 in the past 2 days, BTC is currently showing signs of correction and sideway. According to you, after the sideway, BTC will go to where ?
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Mark_R (OP)
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October 28, 2019, 09:02:22 AM |
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Ethereum price, highly correlating with Bitcoin , followed the upwards trend on 25th-26th of October. The price crossed the level of $190 marking the high of the month. After that, the price experienced decrease the $175 level with the further rebound from this level. For now, the double top pattern is forming clearly on the 1H timeframe from 25th of October. In case of the pattern formation, the bearish scanario is highly possible: Moving to $170 and then to $160 levels. If not, the $190-$200-$230 levels are the bulls targets. Currently, the price is fluctuating inside the neutral diapason of $175-190. Waiting its further steps to open a position.
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Mark_R (OP)
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October 28, 2019, 09:06:33 AM |
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OP, I'd like to hear your opinion on the current bitcoin price. Considering Bitcoin moved about 25%+ and reaching a high of $10,300 in the last 24hrs. - - What do you think the price is heading to now? It's retracing now, currently at $9035 (at the time of this reply). Also, are we going to see 10K levels anytime soon? - - What's your lomg term view on Bitcoin? 👆 Or 👇. I haven't traded in a while due to university exams. So I'm currently paper trading till I get the hang of everything once again. I would appreciate if you share your answers to my questions. For now, I expect further consolidation and fluctiations around the significant levels. Like ETH price (analysis above), BTC supposedly will follow the downdards trend if the double top pattern forms. Af for long term, I do not expect steady growth in the foreseeable future. Rather impulses and consolidations.
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Mark_R (OP)
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October 28, 2019, 09:12:04 AM |
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Good news guys! 🔥
BTC followed bullish scenario. The downward trend was broken & the price already reached exactly the upper resistance lvl drawn. No $5000 in the foreseeable future.
Living online now
Did you enter in this movement? I think 8400 will a strong resistance but in a short time price goes up again. Need to look at 1H double top pattern. I managed to enter, but not from the very beginning. Was chilling that time You? The simpliest anв REALLY working method is to monitor the significant levels while keeping an eye on the volumes. If you are not sure in th entry point, use pyramid entry. Open a trade on the confirmation candle.
The latest situations (dump and after growth) didn't have a reliable confirmation to make a deal. Or it should be based on the experience and some 6th feeling to enter. Not on the TA. Is not it? After $8600 we have time to consolidation but so much green candles must be corrected. And nothing, the price goes up again. What's wrong? It is so. But there are the confirmations in volumes. Besides, various timeframes may help you to analyze the price movements from different perspectives. As for 6th feeling, this really works when you are trading for a long time.
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ableh
Sr. Member
Offline
Activity: 498
Merit: 251
CryptoTalk.Org - Get Paid for every Post!
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October 28, 2019, 10:14:05 AM |
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I am not an expert in trading, therefore I prefer to invest in startups project (ICO,IEO,ITO). I have chosen a several of good projects based on my own judgment, but before investing in there, I want to ask, according to your analysis in the next 3 months the price of bitcoin will be stable, down, or up? thank you for your attention.
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Mark_R (OP)
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October 28, 2019, 01:13:32 PM |
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I am not an expert in trading, therefore I prefer to invest in startups project (ICO,IEO,ITO). I have chosen a several of good projects based on my own judgment, but before investing in there, I want to ask, according to your analysis in the next 3 months the price of bitcoin will be stable, down, or up? thank you for your attention.
Hello mate! 1D chart on BTCUSDT Binance is showing long term bullish sentiment. Three soldiers pattern is already formed and acts as a buy signal Stop loss below the first candle Take-profit - $11800 Longed at $9300 Long term means supposedly more than 3 month. During this period I expect more or less stability and fluctiations in a neutral range. Your thoughts?
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Mark_R (OP)
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October 29, 2019, 11:21:08 AM |
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BIG TRADE IS COMING Currently, ETHUSD (1H) shows an Ascending Triangle pattern. Therefore, in case of the $190 lvl breakout, the upwards strong impulse is more than expected. Otherwise, the price may go down, breaking out the lower border that may trinner the strong movement again. Neutral range fluctuations are also possible, but personally I'm ready for a big trade. Are you in?
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xianbits
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October 29, 2019, 11:54:26 AM |
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I was skimming your past posts and found out you are trading mainly on BTC and ETH against USD. Are you also holding or trading altcoins, if I may ask?
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Mark_R (OP)
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October 29, 2019, 02:12:13 PM |
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I was skimming your past posts and found out you are trading mainly on BTC and ETH against USD. Are you also holding or trading altcoins, if I may ask?
Yeah, for now that's my major interest area. But I do trade alts, the latest one is BNB (still holding some long positions at Binance) Litecoin as well. Actually, many, but not for now. Keen on futures
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Jellachrist
Jr. Member
Offline
Activity: 37
Merit: 1
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October 29, 2019, 06:45:16 PM |
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I find this thread motivating my trading enthusiasm but the big question is how exactly do I start this trading and make profits just like other prominent traders? I have in the forum for a while and all my attention is on trading doing more research on daily basis but I almost come across the negative aspect all the time. Is there any way I can manually learn this trading I will so much appreciate that person I will help me here to accomplished my aim thanks in anticipation.
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Mark_R (OP)
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October 30, 2019, 12:42:25 PM |
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BTC ONLINE TRADE
Lower border is broken, I'm still having 50% of the position opened and 200 points already gained.
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Mark_R (OP)
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October 30, 2019, 12:46:49 PM |
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I find this thread motivating my trading enthusiasm but the big question is how exactly do I start this trading and make profits just like other prominent traders? I have in the forum for a while and all my attention is on trading doing more research on daily basis but I almost come across the negative aspect all the time. Is there any way I can manually learn this trading I will so much appreciate that person I will help me here to accomplished my aim thanks in anticipation.
Hello mate! Strongly recommend you to learn a lot and practice on demo accounts before. Then use the only money that you can afford to lose. Watch the analysis and performance of other traders (e.g at tradingview) Do not use leverages from the very beginning!!!As for the sources, I'd recommend you the following literature: Arthur A. Merrill: "Behavior of Prices on Wall Street", "Bear Market Characteristics". Toby Crabel: “Day Trading With Short Term Price Patterns and Open Range Breakout" Murphy, John J.: “Technical Analysis of the Futures Markets” - MUSTEdwards and Magee Boston: "Technical Analysis of Stock Trends" Wilder, J. Welles.: “New Concepts in Technical Trading Systems” Dr. Elder.: “Trading for a living” Larry Williams: “Long-Term Secrets to Short-Term Trading”
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Mark_R (OP)
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October 30, 2019, 04:13:49 PM |
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BTC ONLINE TRADE
Lower border is broken, I'm still having 50% of the position opened and 200 points already gained. Just closed a trade 290 points gain But god the market goes crazy
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