Topic: I'm A Professional Trader, Here's My Strategy - page 11. (Read 21972 times)

Bitcoin Update: Back Inside Buy Area

The reversal out of the buy area that was taking place during my last update came to an end last night.



As you can see, the reversal didn't last long. The price only made it a short way out of the area before it reversed and fell back in again, suggesting the reversal didn't have much strength behind it.

The price is now drifting towards the bottom of the buy area.

With what we've seen so far, I'm not convinced we're going to see a large reversal take place from this area. If a sharp rise occurs whilst the price is still in the area then that would make a reversal more likely, but as it is now I think we're going to see the price break through the area either tonight or tomorrow.

If a reversal is going to take place the point to watch is the small buy area I've marked.

This buy area is found within the larger buy area and is located at around the points where someone or a group of people bought a large amount of Bitcoin when the price fell into the area last week - the lows marked with arrows.

If the price enters this area watch for signs of a reversal in the form of candlesticks with large one sided wicks and bullish candles that are bigger than, and preceded by, a bearish candlestick.

Thanks Malandro. Got lots more coming, stay tuned.


That true, but the buy area/sell area strategy can be adapted for higher timeframe use. I'll try to show you how to do it in a future article.

Bitcoin analysis coming up, guys.

Interesting strategies, but they are suitable for those who have time for this activity, and these are very few, and need a good deposit

I will take a look of this coin, I have check the coinmarketcap data and I can see it's really oversold because the ATH was $4.86 and now the price is
only $0.05 without a good volume anymore. This is a good gamble as long as the project is still develop.

Looks like a scam that serves to pump and dump pourposes rsrsrsrs

I am a professional trader and have been for over 15 years, in stocks and crypto's.  I do spot bargains and my latest one is CANYA coin - CAN.  Heavily oversold and looking for a major moonshot bounce.
source: https://coinmarketcap.com/currencies/canyacoin/

Kids.... kkkkkkk

I can say some.... I’ve been made greats improves to my trading skills at stockmarkets and criptos in this Post. Looks like I found what was missing for my tecnique.

Yes, a good trading plan is essential for consistent success.


Well, it is. I mean, I only come across this forum in the middle of this year. I don't know what being on a forum has to do with being an experienced trader. If you've traded a long time then you've traded a long time. Since when you do you have to be active on a forum to be an experienced trader, it doesn't make sense.

of course if you have become a professional trader they know what they will do to make a profit when the market is not as stable as it is today. a good plan will certainly produce good results.

Good for you but I don't believe jr.member who claim themselves "pro traders", it really not so possible that you've been trading for a long time and you hadn't register there...

Etherium Update: Reversal Out Of Buy Area

Today we've seen the price reverse out of the buy area I said to watch for a reversal in yesterdays update.



The reversal candlestick that had just formed on the edge of the area when I posted yesterdays update (blue arrow) didn't cause the price to reverse. Instead, it dropped slightly deeper into the area and then reversed after a reversal candlestick formed on the 1 hour timeframe, which is what I used to place my first trade. The reversal itself hasn't been that strong, with only a couple of large candlesticks forming during the rise. If this reversal was going to cause the price to move back up to the highs made earlier this week I'd expect to see multiple large candlesticks push the price up very quickly, which we haven't seen -at least not yet.

The small dip that took place this morning ended with the appearance of another reversal candlestick, which is what I used to place my second trade.

A couple of hours ago a sudden rise caused the price to enter the sell area that formed when the price fell into the buy area yesterday evening. The candlestick that shows this rise (yellow arrow) ended with a large wick on it, indicating that someone sold a lot of Etherium when the price entered the sell area, and in turn, suggesting we could now see the price now fall back into the buy area later on tonight or tomorrow.

The point to watch now is the small area I've marked.

This area formed when the dip ended earlier today, and is the most recent point where I think we could see the price reverse. I'm not confident we'll see the price reverse from this little area, I think a drop into the big buy area at the bottom is more likely. However, there is a chance it could reverse at this area so it's still a good idea to monitor it.

As usual, watch for reversal candlesticks to form when the price enters the area.

professionals have a strategy that is they have practiced a lot , they will concentrate more on planing , managing  and executing the trades , we make mistakes in these 3 so our strategy will also not work

Update: Just closed 1st Etherium trade for 4 point win, second trade still open from 212.35.

I think we could see the price fall back to the buy area between 211.81 - 212.35 over the next couple of hours.

I'll give you a full update when I get back.

Quick Bitcoin Update: Reversal Candlestick Could Cause Drop

A reversal candlestick (red arrow) has just formed on the 15 minute timeframe.



This candlestick could cause the price to fall back into the buy area over the next few hours.

If that happens another reversal out of the area may take place.

For now, monitor the situation closely.

Thanks guys, glad I could help.

Here's my Bitcoin update....

Bitcoin Update: Still Inside Buy Area

Bitcoin is still inside the buy area it fell into as a result of yesterday's drop.



You can see a reversal caused the price to rise up to the edge of the area in the early hours of this morning. This rise doesn't look very strong, as evidenced by the fact it mainly consists of small candlesticks. However, that could just be because of the time it took place - I doubt many people are trading and investing 12 - 5am on a Saturday morning.

30 minutes ago a reversal candlestick formed (black arrow), which could cause the price to move out of the buy area and towards the sell area this afternoon or later on tonight.

At the moment, I'm not convinced this candlestick will cause a reversal. However, if one or two large candlesticks push the price up over the next few hours without the price first breaking through the low of the reversal candlestick, then that would be a better sign a reversal is taking place, and I might decide to place a trade.

For now, keep watching for signs of a reversal.

They give a very good rating and I believe he can update more information in the future. Personally I highly appreciate this topic because of your dedication and I will always follow up on this evaluation. Let's hope that this market can create more useful people

That's very informative mate and a very useful tips in getting into the real trading world because trading is not an easy task as it can cost you your crypto assets if you are making wrong decisions. Thank you for that mate!

Bitcoin Cash Update: Large Drop Inside Buy Area

A couple of hours ago a large drop pushed the price deep into the buy area I mentioned in my previous update.



The size of this drop makes me think the price will now break through the area, however, the candlestick that formed 15 minutes ago closed with a large wick on it, which suggest a reversal could still take place.

For now, I'd keep watching for signs of a reversal.

A couple of people emailed me and asked if I can post analysis of Bitcoin Cash.

I can, here it is....

Bitcoin Cash: Inside Buy Area

The up-trend Bitcoin cash has been in for the past couple of weeks came to an abrupt end on Monday, when a large drop caused the price to fall from 1221 to 1111.



The drop is still in progress, however, that might be about to change because the price has just fallen into a buy area. This area is found between 1222 and 1123 and formed just before the final rise higher took place on Monday. A small reversal took place from this area earlier this afternoon but I think we'll see a much larger one occur once the price drops deeper into the area, maybe around the 540 to 557 prices.

If a reversal does take place expect to see it end or stall at the sell area I've marked.

As always, watch for reversal candlesticks to form when the price drops deeper into the area.

Bitcoin Update: Reversal Candlestick Forms Inside Buy Area

A hour ago a reversal candlestick (red arrow) formed inside the buy area I said to watch for a reversal in my earlier update.



So far we haven't seen a reversal take place, however, the price is rising toward the edge of the area, so we could be seeing the beginning of the reversal now.

Keep an eye out for reversal signals on the 5 minute timeframe.