Topic: I'm a full-time crypto trader. Here're my recent trades & answers to questions - page 18. (Read 5487 times)

Unfortunately. The range was much more promising.
Anyway, profit is profit.
Thx closed it before falling asleep.

Thank you!
Imo, everything is already at the chart and orderbook
There os no need to draw millions of lines along with hundreds of indicators
It looks simple (basically it is so), but always keep in mind strickt money and risk management!

Hyping on BTC, do not forget about ETH and it's correlation with Bitcoin. Still longing. Expect growth.

BTC is above 12k...
Looks like it is time to get some profits

What's up guys?

Some updates on performance

In case you guys didn't notice, Bitcoin has blown strong levels out! 💥
4 BTC earned since my latest performance report 💪
Nice rally BTC, continue

Catched that wave of BTC recovery!
Opened at $9400
Closed a half at $10800
Closed the position at $11800
Love this start of the month

Closed half of the long BTC position at $10,800.
$11,000 is a strong level. Will see when to close a second half.
For now $2,139 profit.

Retest is the pattern when the price breaks the resistance out and then returns to it and rebounds, making it become the support (the same is with the support line, which becomes the resistance)

Wooow both pics look great

What is that retest you wrote as an explanation?

There are two things you can watch forever… Ocean and Bitcoin price growing when you are in long

Or better, as now, watch BTC growth by the ocean😏

Will look how far BTC will go this time.  Looks like further than we see now... Still in thy position

As for the start point, I'd recommend to learn tech analysis basics. Starting from market phases and then moving on to charts analysis (levels, patterns...). The next part could be risk and money management, more complicated one

Hello mate!
I used to do it some time ago. But later found it more useful to explain the trades and provide illustrations rather than sharing screens with profits. Do it monthly as a report (motivation, recording etc) but no more.

For example, my results as of May 2019, if interested:



Posted here and on Twitter some time ago:
https://twitter.com/MarkRobTrades/status/1136266787346092032

Hi I was wondering why you never post a screenshot from account showing your made profit and where should I start I want to learn analytics

JULY 2019 TRADING SUMMARY

Here are some outlines of my recent trades.

Results of July:
6 BTC earned a month ($19,946 by the exchange rate of 29/07).



Market conditions:

I trade mostly XBTUSD and ETHUSD.

Thus, first of all, as for BTC/USD price in July, it experienced an increase till the 10th of July, reaching the heights of the months (almost $13,300).Then BTC price started to decrease, entering a 6-dats downwards range. On the 17th of July the price stopped falling, but the recovery was slight without large volatility, as it can be said about overall BTC price dynamics in July. However, the market was full of the opportunities (at minor timeframes mostly for mr personally) even inside the diapason later (around $9,200 - $11.000).

As for  ETHUSD it had a strong correlation* with BTC and reached the high of the month of approximately $320. The volatility was less in comparison to BTC, but still the further downwards trend the 10th of July and flat market were quite good for profitable trades.

* SFOX reported the ETH-BTC correlation in the 30 days prior to July 22 to be 0.788. Yeah, we noticed.

Patterns & signals used:

- diapason trading,
- support/resistance breakout,
- double bottom,
- double top,
- retest,
- trend trading,
- sentiment (SFOX report, see below).

Leverages used: up to 15x. Mostly 6x.

Money and risk management strategies: pyramid trading (adding to an existing position once price moves in your favor), reversal pyramid trading (decreasing the position gradually once price moves in your favor) stop to breakeven, optimal position sizing, limits on losses (the last to points are a must).

As for the question about indicators frequently asked, my best and mostly used indicator is price. Everything you need is already at the chart.

Top-3 trades:

Jul, 1- Jul, 4:
BTC short at double bottom pattern.
Reversal pyramid strategy applied
$2,233 earned.
https://twitter.com/MarkRobTrades/status/1146684172242694144

Jul, 16 - Jul, 17:
BTC short at  downwards range price entrance.
Opened around $11000. Closed at $9340 after the lower border of the range was broken:
$2,170 earned.
https://twitter.com/MarkRobTrades/status/1151446671345311744

Jul, 24 - Jul, 25:
ETH long Trend entrance at the 3rd touch of the support.
https://twitter.com/MarkRobTrades/status/1154425214060630016
Sentiment: after SFOX report publication. Info contained:
“It may no longer be accurate to classify Ethereum as an ‘altcoin” + revealed data on BTC-ETH correlation (0.788).
https://blog.sfox.com/bitcoin-volatility-libra-trump-3a72cab47cd4

May-July results:
https://twitter.com/MarkRobTrades/status/1154306237594574849

Thank you mate! Hope it is useful

Great analysis mate!
As for my view, I'd rather prefer to analyze at a bigger timeframe as well (several tfs) to get a more complex picture.
As we can see from here is that BTC is indeed in a tense position. Imo, there are some more global levels to determine further price movements.

I want to know your opinion about the current condition of BTC, according to my analysis, BTC is in a tense position because this will determine the direction of the next trend. A little worried if the support will be broken then the price will drop back. So what do you think about btc now?

It seems to me that most of your analysis are based past events of which anyone else can do such analysis and that will not some of the new people who may want learn how to trade crypto currency from what you intend to do by opening this thread.

BTC short closed