I'm a full-time crypto trader. Here're my recent trades & answers to questions - page 9.

Mark_R

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Activity: 434

Merit: 34

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.

Itsmylife

sr. member

Activity: 1002

Merit: 250

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 ?

nelson4lov

hero member

Activity: 2184

Merit: 798

Top Crypto Casino

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.

AUruHM

sr. member

Activity: 896

Merit: 251

Quote from: Mark_R on October 26, 2019, 06:49:15 AM

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? Wink

I think 8400 will a strong resistance but in a short time price goes up again.

Quote from: Mark_R on October 24, 2019, 11:01:46 AM

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?

Mark_R

member

Activity: 434

Merit: 34

Quote from: Mark_R on October 24, 2019, 11:07:07 AM

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

Mark_R

member

Activity: 434

Merit: 34

Quote from: Mark_R on October 25, 2019, 05:23:34 AM

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 AGAIN

BNB impulse went up!
Closed the position for now with the 4,5R profit

Long live technical analysis!

Mark_R

member

Activity: 434

Merit: 34

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).

Mark_R

member

Activity: 434

Merit: 34

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.

Mark_R

member

Activity: 434

Merit: 34

Quote from: AUruHM on October 23, 2019, 02:22:22 PM

Quote from: Mark_R on October 23, 2019, 10:14:15 AM

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.

AUruHM

sr. member

Activity: 896

Merit: 251

Quote from: Mark_R on October 23, 2019, 10:14:15 AM

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?

Mark_R

member

Activity: 434

Merit: 34

Quote from: Mark_R on October 21, 2019, 06:13:38 AM

Bitcoin price (1h) after moving inside the upwards range (yellow diapason) experienced the declining trend (white), breaking out the upwards zone.

The bearish rally stopped at the level of $7800 that was a significant support level for several weeks. Then the rebound followed, breaking the upper border of the falling range.
Two crossed ranges formed a neutral zone (white triangle) where the price is fluctuating currently.

The breakout of the triangle borders will mean:

1. Either bullish scenario ($8250 resistance breakout) with the further target levels inside the yellow range:
- Target 1: $8460
- Target 2: ~$9000 and upper (the upper range border)

2. Or bearish scenario: Reaching $7800 support and falling below.

Neutral scenario imply further consolidation inside the neutral zone.

The projection works.
Shorted inside the neutral triangle.
+2R gain

Mark_R

member

Activity: 434

Merit: 34

Currently, ETHUSD is showing a clear diapason .
This zone (marked in white) might be indicated as neutral range that is a brilliant opportunity to act inside the diapason after the price rebounds from the yellow borders.

However, since the range is broken out, the following scenarios are likely to happen:

1. Bullish scenario.
Since during 9 days (October, 11 - October 20) the price experienced a clear downwards trend (white line) that was broken out inside the diapason, the bullish growing sentiment was crearly revealed.
In case of the upper range border breakout the price is likely to reach 3 targets, according to the strong resistance levels of several days (marked in green). The volumes will indicate the price impulse strenghts. Retest from the upper border is also possible in the foreseeable future.

2. Bearish scenario.
Nevertheless, spesifically in case of low volumes and growing beariish sentiment, the price, supposedly, after lower diapason border breakout will reach the continuation of the white line that will act as a support line. This may prevent the price from the further drop . The probable bearish price movements are in the red triangle with the lowest target of $160.

Mark_R

member

Activity: 434

Merit: 34

Bitcoin price (1h) after moving inside the upwards range (yellow diapason) experienced the declining trend (white), breaking out the upwards zone.

The bearish rally stopped at the level of $7800 that was a significant support level for several weeks. Then the rebound followed, breaking the upper border of the falling range.
Two crossed ranges formed a neutral zone (white triangle) where the price is fluctuating currently.

The breakout of the triangle borders will mean:

1. Either bullish scenario ($8250 resistance breakout) with the further target levels inside the yellow range:
- Target 1: $8460
- Target 2: ~$9000 and upper (the upper range border)

2. Or bearish scenario: Reaching $7800 support and falling below.

Neutral scenario imply further consolidation inside the neutral zone.

Mark_R

member

Activity: 434

Merit: 34

Quote from: AUruHM on October 20, 2019, 01:58:46 PM

Quote from: Mark_R on October 17, 2019, 04:56:42 AM

While BTC is pumping a bit, I'm having fun with BNB

Some lvls I'm looking for currently. The trade is still open

Good trade.
Sorry, can you explain why you enter in the BNB? Which reasons or signs do you saw to enter? Accumulation and after the ascending channel? If so how to define the right entry point by your vision? In this particular case? Can you write some details please

Of course.
Look at the price significant movements. After a sharp decrease rge price faces a support level (white libe below). It rebounded twice from it (confirmation) and then started to increase. The upfards trend was forming (yellow lines) and I entered exactly when thr price rebounded form its border.

Target 1 was a resistence level from 16th of October (this is where the price could stop and consolidate (I could close or half0close the position at this level in case of consolidation).
Target 2 was the support lvl from about 14th of October and it could act as a resistance as well.
Target 3 and Target 4 the same logic.

As you can see, the price consilidated between T3 and T4. This is where I did close the trade.

Do not hesitate to ask questions!

AUruHM

sr. member

Activity: 896

Merit: 251

Quote from: Mark_R on October 17, 2019, 04:56:42 AM

While BTC is pumping a bit, I'm having fun with BNB

Some lvls I'm looking for currently. The trade is still open

Good trade.
Sorry, can you explain why you enter in the BNB? Which reasons or signs do you saw to enter? Accumulation and after the ascending channel? If so how to define the right entry point by your vision? In this particular case? Can you write some details please

dark08

full member

Activity: 798

Merit: 104

I'm following your chart analyzing from the beggining of this thread and I amazed to your technical analysis good job OP almost your post in this topic are accurate. I'm analyzing your trading strategy and apply to my day trading I hope I got the same result as yours.
Good luck and more earnings to come.

Mark_R

member

Activity: 434

Merit: 34

The market got a bit harder, but interesting.

Just closed a long with +3R gain on the double resistance. Expect the consolidation for some time at this lvl.

Mark_R

member

Activity: 434

Merit: 34

I'm often asked about what to start with in trading
Start with math! 📊

Right position size is a significant contribution to your success. Explore:
https://optionclue.com/en/best-articles/positionsize/

Mark_R

member

Activity: 434

Merit: 34

Quote from: Mark_R on October 17, 2019, 04:56:42 AM

While BTC is pumping a bit, I'm having fun with BNB

Some lvls I'm looking for currently. The trade is still open

BNB ONLINE TRADE CLOSED 🔥

Quit right at the upwards trend breakout

Sentiment for BNB is great! Binance just completed their 9th quarterly burn for Q3, in which it burned nearly 2.1M BNB - more than in Q2 and Q3 combined

Mark_R

member

Activity: 434

Merit: 34

While BTC is pumping a bit, I'm having fun with BNB

Some lvls I'm looking for currently. The trade is still open

Topic: I'm a full-time crypto trader. Here're my recent trades & answers to questions - page 9. (Read 5472 times)