Bitcoin trading signals on the daily timeframe

[Trader@2017]

A new trading strategy has been born. It's very accurate. I'll be recording signals on daily charts. The scenario will take about a week or more to play out. Today's price is 66,264. Forecast: 69,000.

[Oshosondy]

You did not post that the people should set stop loss to a certain price. A good trader will know that he should use little or no leverage.

Is your signal daily signal or it is for the swing traders? I think you want to make it for the swing traders which will be very good, but I will like to know which one you are giving the signals.

[hugeblack]

Since you mentioned that it is "very accurate," what previous data supports this claim? Daily updates are good, but what are you trying to do here? Do you want to sell this data, or will it be free?

[Taskford]

Since you mentioned that it is "very accurate," what previous data supports this claim? Daily updates are good, but what are you trying to do here? Do you want to sell this data, or will it be free?

It seems that he really need to post a clear information towards his claims about very accurate new born trading strategy thing he written in this thread.

But I'm skeptical on those claims who post here. Also try to look at the word he wrote on his signature, you will see that he's looking for investors or partners on his I think program.

Hard to believe on people telling they have accurate forecast while the fact, market movement is so unpredictable. Well he need to explain those claims he made to convince us, if this is really true or not.

[Oshosondy]

Since you mentioned that it is "very accurate," what previous data supports this claim? Daily updates are good, but what are you trying to do here? Do you want to sell this data, or will it be free?

Only his profit and loss can be used to know this, he may want to have privacy. We should be patient with him, this thread will be the claim to prove that. But I will not be surprised if he stop updating this thread when his signal is not accurate, but swing traders like to predict towards a trend which can make their signals better than day traders. But the question that I asked him, he as not answered it. I want to know if his signal is for day traders or swing traders.

[knowngunman]

You did not post that the people should set stop loss to a certain price. A good trader will know that he should use little or no leverage.

What has changed? Thought you never fancy the idea of using stop loss? It's left for people to apply risk management as you already said.

Since you mentioned that it is "very accurate," what previous data supports this claim? Daily updates are good, but what are you trying to do here? Do you want to sell this data, or will it be free?

The "very accurate" part is a red flag for me. I'm not sure Op has previous data to support the claim.

I check the Telegram attached on his signature but unfortunately I couldn't read their language. I translate the last post in the channel and it is the same as this thread.

Unless things change going forward, I won't expect daily updates from Op. He's not regular on the forum judging from his post history and even their Telegram is not being updated daily.

I would be surprised if he's willing to give it for free.

[Oshosondy]

What has changed? Thought you never fancy the idea of using stop loss? It's left for people to apply risk management as you already said.

I don't like stop loss, but I like discipline, ability to overcome emotions that comes from trading, financial management, risk management, the use of low leverage, calculating what your PnL will be before opening any positions and also knowing your trading asset liquidation price before opening any positions.

Just like in gambling, most traders are losing. This is not what they will it accept as they are posting on this thread, but we other traders know that. Just read out trading psychology and understand more about the real aspect of trading.

They use high leverage, thinking of using stop loss is real. They used stop loss lose the first time after stop loss hit, lose the second time and emotions begin and they become more greedy and did not use stop loss, using higher leverage which finally liquidated all their trading funds. Most of them will not accept this, but it is the reality.

[Mpamaegbu]

~snipped~

What has changed? Thought you never fancy the idea of using stop loss?

Exactly the same thing I was going to ask him when I saw his comment until I read yours. If there's anyone I know here who's consistent with the negation of using SL, it's them 🤔. Well, maybe he's now gradually changing his strategy. It's allowed. Yeah, before you (@Oshosondy) respond to me here, I already read your response to knowngunman's comment explaining your reason for that as quoted below...

I don't like stop loss, but I like discipline, ability to overcome emotions that comes from trading, financial management...

All I can say is, "Change is a constant thing." Traders do change strategies from time to time until they find near perfect ones.

[Trader@2017]

You did not post that the people should set stop loss to a certain price. A good trader will know that he should use little or no leverage.

Is your signal daily signal or it is for the swing traders? I think you want to make it for the swing traders which will be very good, but I will like to know which one you are giving the signals.

Yes, that's correct. You need to set a stop-loss and open an opposite trade according to my strategy. For this forecast, the stop-loss is at 58,200 and open short positions up to 54,000. But I'm not trying to show my trading; I'm only recommending setting targets. I'll figure out the best way to do this. I plan to provide precise signals on my Telegram channel.

Since you mentioned that it is "very accurate," what previous data supports this claim? Daily updates are good, but what are you trying to do here? Do you want to sell this data, or will it be free?

Thank you for your question. I plan to provide accurate signals on the hourly timeframe. It will be free for a while, then a paid service. On the daily timeframe, the information will likely be limited, as in the first post. But I really appreciate the advice of my colleagues here. I'm also interested in collaborating with investors.

Since you mentioned that it is "very accurate," what previous data supports this claim? Daily updates are good, but what are you trying to do here? Do you want to sell this data, or will it be free?

It seems that he really need to post a clear information towards his claims about very accurate new born trading strategy thing he written in this thread.

But I'm skeptical on those claims who post here. Also try to look at the word he wrote on his signature, you will see that he's looking for investors or partners on his I think program.

Hard to believe on people telling they have accurate forecast while the fact, market movement is so unpredictable. Well he need to explain those claims he made to convince us, if this is really true or not.

Convincing someone is only possible with time. So be patient.

You did not post that the people should set stop loss to a certain price. A good trader will know that he should use little or no leverage.

What has changed? Thought you never fancy the idea of using stop loss? It's left for people to apply risk management as you already said.

Since you mentioned that it is "very accurate," what previous data supports this claim? Daily updates are good, but what are you trying to do here? Do you want to sell this data, or will it be free?

The "very accurate" part is a red flag for me. I'm not sure Op has previous data to support the claim.

I check the Telegram attached on his signature but unfortunately I couldn't read their language. I translate the last post in the channel and it is the same as this thread.

Unless things change going forward, I won't expect daily updates from Op. He's not regular on the forum judging from his post history and even their Telegram is not being updated daily.

I would be surprised if he's willing to give it for free.

Thank you, I will publish it in English on the Telegram channel.

[BitMaxz]

Be careful with consecutive posts; you better edit all of your posts above and merge them because it's against the forum rules.

What exactly is your strategy? Are you using indicators, or is everything related to SMC?

Yes, that's correct. You need to set a stop-loss and open an opposite trade according to my strategy. For this forecast, the stop-loss is at 58,200 and open short positions up to 54,000. But I'm not trying to show my trading; I'm only recommending setting targets. I'll figure out the best way to do this. I plan to provide precise signals on my Telegram channel.

I don't think it's an appropriate stop-loss. Your target forecast is $69k, and your stop loss is $58k, which is three times your profit gap at $69k. If you lose this trade, you will lose more than your profit.

This is just my own view since you didn't mention what exactly your strategy is. My first impression is this is a bad trade if you are going to enter with the current price.

If you are going to give a signal, I might put this in the ignore list because this isn't the type of strategy I'm looking for, your way is riskier than those who set their stop loss tighter than the profit.

[Charles-Tim]

Be careful with consecutive posts; you better edit all of your posts above and merge them because it's against the forum rules.

I have reported it to be merged like 2 hours ago, but it has not been merged. I hope it will be merged by a moderator if the OP of this thread did not merge it.

I don't think it's an appropriate stop-loss. Your target forecast is $69k, and your stop loss is $58k, which is three times your profit gap at $69k. If you lose this trade, you will lose more than your profit.

This is just my own view since you didn't mention what exactly your strategy is. My first impression is this is a bad trade if you are going to enter with the current price.

If you are going to give a signal, I might put this in the ignore list because this isn't the type of strategy I'm looking for, your way is riskier than those who set their stop loss tighter than the profit.

Signal providers will not give you any strategies, people are only following them blindly until they lose and blame themselves.

It will be funny if bitcoin fall to $58000, making stop loss to execute the market order and the price of bitcoin start rising again. This will not happen now, but it is possible.

[Stepstowealth]

A new trading strategy has been born. It's very accurate.

I don't think since I've been going through stories about traders and reading through this thread that I have seen anybody boast of a strategy that gave 100% result and I'm very sure that there are many traders in this forum. There is no strategy that I think can be very accurate, some strategies will just offer you more accuracy than others but your strategy is your strategy and I don't see any reason why anybody should be trying to learn a strategy because you claim it to be very accurate without any proof yet to show. Show us some proof, many eyes will be on this thread to see if it is anything different from the strategies already on ground. I hope you do not ask us to pay for it.

[EL MOHA]

Since you mentioned that it is "very accurate," what previous data supports this claim? Daily updates are good, but what are you trying to do here? Do you want to sell this data, or will it be free?

Immediately I saw his telegram channel link on his bio I was definitely sure we will soon be asked to subscribe for premium service soon but just like what Oshosondy we should wait for OP to prove his strategy right before we actually start assuming anything but I tell you it will lead to selling of signal. During the proving period I will urge OP to try and actually drop his signal first before the trade triggers; the stop loss, the profit target should also be part of the data to be dropped this will actually be part of the test.

I don't think since I've been going through stories about traders and reading through this thread that I have seen anybody boast of a strategy that gave 100% result and I'm very sure that there are many traders in this forum. There is no strategy that I think can be very accurate, some strategies will just offer you more accuracy than others but your strategy is your strategy and I don't see any reason why anybody should be trying to learn a strategy because you claim it to be very accurate without any proof yet to show.

They has never been a strategy that is 100% accurate neither will there ever be a strategy that will be 100 accurate because the market is volatile and will remain that volatile, only a predictable market will actually have a strategy that sticks to it and goes with it. Bitcoin and cryptocurrency will always be among those unpredictable market. Strategies are just accurate than one another simply because of the how they analyze past trends and also current fundamentals but they won’t get full accurate results of the market always

[BitMaxz]

I have reported it to be merged like 2 hours ago, but it has not been merged. I hope it will be merged by a moderator if the OP of this thread did not merge it.

The moderator is already done merging them.

Signal providers will not give you any strategies, people are only following them blindly until they lose and blame themselves.

It will be funny if bitcoin fall to $58000, making stop loss to execute the market order and the price of bitcoin start rising again. This will not happen now, but it is possible.

It is the same as some apps that I downloaded last year they give some free and paid signals, but the weird part is the SL is higher than the target profit. In the long run, if you have a 50% win rate, you will get a negative profit even with a 60% win rate.

I don't know what strategy they are using, but I tried to analyze their strategy; it looks like a random guess, which has no basis or explanation or screenshot of the chart they analyze.
This guy may be the same; if he can't provide a chart analysis to claim that it has a high probability, then this is also a guess or following his gut, which is a gamble.