The price on a large scale remains in a long-term bearish channel since the beginning of the summer.
It seems to continue fluctuating inside it. I'm rather bearish , even regarding short-term bullish impulses. till the upper border breakout.
Topic: I'm a full-time crypto trader. Here're my recent trades & answers to questions - page 7. (Read 5472 times)
December 01, 2019, 08:19:44 AM
The price on a large scale remains in a long-term bearish channel since the beginning of the summer.
It seems to continue fluctuating inside it. I'm rather bearish , even regarding short-term bullish impulses. till the upper border breakout.
November 29, 2019, 09:21:28 AM
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.
November 28, 2019, 06:29:48 AM
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.
November 26, 2019, 04:53:05 AM
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.
November 22, 2019, 05:41:52 AM
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.
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.
November 20, 2019, 06:29:10 AM
While the market continues its strange behavior, I continue not caring. Sometimes this strategy makes you more efficient.
The guys below help me not to care a lot 👌😁
Ye, it's a good motivation. The guys below help me not to care a lot 👌😁
What do you think about something similar to the falling channel on the BTC 4H chart? It can give us $8300 and the next $7800. What do you think can exist in such a scenario? BTC movement in the last 2 weeks completely fits in such a figure.
Indeed it does. However, I'd rather see the consolidation of the price at the current levels (about $8000 currently), and do not exclude the decline to $7800. But in more long term and several fluctuations.
November 20, 2019, 06:24:32 AM
Its so amazing and inspiring how dedicated trader you are now. Personally I'm not really that have much time to concentrate on trading. Its really interesting and inspiring to do it full time but I think I'm not ready yet. I do trading a little and just leave it for the meantime. My question is how can you keep up the enthusiasm in trading?
Thy hobbie just became my life. I feel that I have no limitations. In trading I'm a boss of my own, I'm my personal educator. During bad times I keep in control of my psychology and comply stricktly with risk management. Thus, I always know that the market will keep moving always and even if now I fail to gain I will survive and gain more.
My advice is to read disciplined trader by Mark Douglas. This is what happens with the brain when you become a professional trader.
November 19, 2019, 02:12:27 PM
While the market continues its strange behavior, I continue not caring. Sometimes this strategy makes you more efficient.
The guys below help me not to care a lot 👌😁
Ye, it's a good motivation. The guys below help me not to care a lot 👌😁
What do you think about something similar to the falling channel on the BTC 4H chart? It can give us $8300 and the next $7800. What do you think can exist in such a scenario? BTC movement in the last 2 weeks completely fits in such a figure.
November 19, 2019, 09:07:48 AM
Its so amazing and inspiring how dedicated trader you are now. Personally I'm not really that have much time to concentrate on trading. Its really interesting and inspiring to do it full time but I think I'm not ready yet. I do trading a little and just leave it for the meantime. My question is how can you keep up the enthusiasm in trading?
November 19, 2019, 06:19:49 AM
RETEST TRADE
Look at that nice retest. The projection came true, +3.5R gain.
November 18, 2019, 04:31:34 AM
Hi @Mark
How do you think the ETH price will be affected by the upcoming fork?
AFAIK there are 2 cases: if the fork is perceived as potentially dangerous to the network/blockchain integrity, people sells en masse during the few days before the fork.
They wait to see what happens after the fork. If it goes well then everybody buy back.
Conversely, if the fork is perceived as beneficial and safe, people buy more as the fork approaches.
How do you think the ETH price will be affected by the upcoming fork?
AFAIK there are 2 cases: if the fork is perceived as potentially dangerous to the network/blockchain integrity, people sells en masse during the few days before the fork.
They wait to see what happens after the fork. If it goes well then everybody buy back.
Conversely, if the fork is perceived as beneficial and safe, people buy more as the fork approaches.
Hello Lionel!
These are some thoughts on Ethereum price movements
As for the fork, the targets imo are staying the same (will renew the chart), no huge impulses are projected.
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.
November 16, 2019, 09:47:42 AM
Hi @Mark
How do you think the ETH price will be affected by the upcoming fork?
AFAIK there are 2 cases: if the fork is perceived as potentially dangerous to the network/blockchain integrity, people sells en masse during the few days before the fork.
They wait to see what happens after the fork. If it goes well then everybody buy back.
Conversely, if the fork is perceived as beneficial and safe, people buy more as the fork approaches.
How do you think the ETH price will be affected by the upcoming fork?
AFAIK there are 2 cases: if the fork is perceived as potentially dangerous to the network/blockchain integrity, people sells en masse during the few days before the fork.
They wait to see what happens after the fork. If it goes well then everybody buy back.
Conversely, if the fork is perceived as beneficial and safe, people buy more as the fork approaches.
November 16, 2019, 06:46:52 AM
While the market continues its strange behavior, I continue not caring. Sometimes this strategy makes you more efficient.
The guys below help me not to care a lot 👌😁
The guys below help me not to care a lot 👌😁
November 15, 2019, 04:32:28 AM
TC price experienced a decline during a week approximately.
Many consider the dynamics rather pessimistic after theis week. Personally I am not convinced in strong bearish rally, would better wait for any border breakout, anyway...
Possible targets are still accessable by both bulls and bears.
November 13, 2019, 07:45:55 AM
Probably sth interesting will happen at $ETH chart.
Keeping abreast to open a trade!
The price consolutdated more and more that is a sign of possible impulse.
Currently, there is a local downwards trend and low volumes, however, the global tendency is still unknown.
Thus, looking for thr channel breakout with the nearest targets - $195 for bulls and $175 for bears.
Keeping abreast to open a trade!
The price consolutdated more and more that is a sign of possible impulse.
Currently, there is a local downwards trend and low volumes, however, the global tendency is still unknown.
Thus, looking for thr channel breakout with the nearest targets - $195 for bulls and $175 for bears.
November 12, 2019, 05:13:01 AM
Recently, the price of BTC experienced an array of impulces, along with the low of the month.
Managed to take an advantage of the latest price movement with the short trade afterthe strong level rebound ($9100).
Opened short at the confirmation movement and closed at the price consolidation. Overall, 250 points gain.
At the chart there are the major price tragets are indicated, according to the sifnificant levels and price action analysis.
Currently, looking for breakout or rebound from the nearest resistance level (lower white line).
Managed to take an advantage of the latest price movement with the short trade afterthe strong level rebound ($9100).
Opened short at the confirmation movement and closed at the price consolidation. Overall, 250 points gain.
At the chart there are the major price tragets are indicated, according to the sifnificant levels and price action analysis.
Currently, looking for breakout or rebound from the nearest resistance level (lower white line).
November 11, 2019, 05:20:46 AM
Ethereum price for now entered a third diapason, an upwards one.
The strong levels that may trigger price consolidation and reversal trend are
$190-195 - upper border (range)
$180-175 - lower border (range)
Currently, the price reached the lower border of the diapason.
Waiting for breakout or rebound, supposedly, to open a trade.
What are your projections?
November 11, 2019, 05:11:20 AM
Rather prefer ATAS. Price action and supportive volumes. But this is not the only factor to rely on. Everything goes in complex.
What I do not use for sure (or rarely) are indicators.
As for volumes, probably this book will be interesting for you:
Murphy, John J.:
“Technical Analysis of the Futures Markets”
What I do not use for sure (or rarely) are indicators.
As for volumes, probably this book will be interesting for you:
Murphy, John J.:
“Technical Analysis of the Futures Markets”
Oh, thanks for advise. Now I learn Steve Nison 'Japanese Candlestick'. Next will be Murthy.
Trading without indicators has own features. Is it mean that you don't use such a definition as 'divergence'? What about a wide-known 'gap with CME'?
Consider it to be quite useful and powerful, just not my cup of tea. Sometimes practice, may apply in strategies, but not a fan.
You?
November 08, 2019, 06:00:08 PM
Rather prefer ATAS. Price action and supportive volumes. But this is not the only factor to rely on. Everything goes in complex.
What I do not use for sure (or rarely) are indicators.
As for volumes, probably this book will be interesting for you:
Murphy, John J.:
“Technical Analysis of the Futures Markets”
What I do not use for sure (or rarely) are indicators.
As for volumes, probably this book will be interesting for you:
Murphy, John J.:
“Technical Analysis of the Futures Markets”
Oh, thanks for advise. Now I learn Steve Nison 'Japanese Candlestick'. Next will be Murthy.
Trading without indicators has own features. Is it mean that you don't use such a definition as 'divergence'? What about a wide-known 'gap with CME'?
November 08, 2019, 04:31:24 AM
ETH price after following an upwards range from the 3rd of November approximately, broke its lower border and entered the opposite downwards trend.
The short was opened at the retest of the former lower border of the diapason and closed above the second strong resistance level ($185 approximately).
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