Topic: PrimeXBT🔥Daily Trade Ideas 🔥FREE - page 2. (Read 735 times)

Looking at BTCUSD chart on a higher time frame(daily time frame).
A huge bearish pennant flag pattern spotted on the one day time frame, A bullish/bearish pennant is almost identical to a symmetrical triangle(looking at the flag itself), for a proper breakout to valid , we wait until three valleys are formed( currently at the second valley support). The pole of the bearish pennant flag make the pattern more valid, as it is used to measured the move down target. Prices move between two converging trendlines .
The flagpole which leads to the pennant should be unusually steep and last several days.
Volume trend downward 89% of the time and Breakout upward 57% of the time. As the chart is clear with visible white space in between the flag, it is called LOOSE PENNANT FLAG PATTERN .
The volume which has reduced plays an important part in the breakout.
This pattern will be valid only when price breakout downward and closes below the flag.
VERDICT:
SELL/SHORT: $3388
BUY: $3226.6 down to $2006
STOP LOSS:$3869
Remember TECHNICAL ANALYSIS is all about probabilities and based on previous market performance(not all about certainty)
Disclaimer: This is for educational purposes,it is not intended as a financial advice.
The analyst won't be responsible for a loss of fund. Trader should be able to manage risk.

THE ASCENDING TRIANGLE CHART PATTERN

The ascending triangle is a mediocre performer despite its reputation as a reliable chart pattern.
Price trend can be any direction leading to the chart pattern. Shape is triangular. Prices move between two converging trendlines .
Two trendlines bound prices; the top trendline is horizontal and the bottom one slopes upward.
Price must cross the pattern from side to side, filling the triangle with price movement. Price must touch each trendline at least twice, forming distinct valleys and peaks.

Breakout upward 70% of the time and 61% of the way to the triangle apex (upward breakouts) and 62% of the way for downward breakouts.
In an ascending triangle , the resistance line runs parallel while the support line is rising. To avoid false breakouts, it is recommended that traders should wait for three peaks (or three valleys, respectively). Valid signal comes in when the closing price is either above the
resistance line or below the support line.

More to this is the Ichimoku metric set up which is current moving for EDGE TO EDGE TRADE SET UP.
"when a candle close occurs inside the Cloud, you can with reasonably high probability expect price to reach the other end of the Cloud".
Entry price at $33.31 with price move up targets.

New trading idea is here:



Using the ichimoku metrics for doubled cloud settings (20,60,120,30).
The set up is still bearish but with a slight bullish (weak) TK cross below the cloud(red cloud). The first TK crossing below the cloud since November 3rd 2018.
This crossing goes along with the BULLISH DIVERGENCE .
Bullish divergence occurs when price makes a lower low but the indicator forms higher lows. The two data streams diverge in direction. Price will eventually, usually, follow the indicator higher.
If the price trend is down, then look for divergence among the valleys, not the peaks. When you spot divergence, recognize that the price trend may change. This doesn't mean an immediate buy, but consider taking a position soon, especially if you receive other confirming signals.
LOOK OUT:
Price will move up to test some resistance ahead with targets of $3600 up to $3750. If the current support doesn't hold, price will likely test the old support support at $3200 down to $2983.
Remember TECHNICAL ANALYSIS is all about probabilities and based on previous market performance(not all about certainty)
Disclaimer: This is for educational purposes,it is not intended as a financial advice.
The analyst won't be responsible for a loss of fund. Trader should be able to manage risk.

To use day trading as a job you will have to have full control over trading. To be a good trader make wise plans of long term trading don't trade at red and the skill which gives best profit is patience and waiting. Keep your emotions day away from you because being emotional your strategy to become a day trader will get distracted.

A single thing that we have followed for me a long time that we never compromise by the profit if we take out this thing fromus tgen day trading will be more easier and more happiest want to do a job with the huge amount of profit that we have to hear easily without any difficulties

You can also see this photo on google it you search but some of strategies are different to others, because lot of pictures strategy they just getting in on google and make a sense.

yes but if you cut losses instantly and take profits 3-5 amount more than the amount of losses, you can have only 30% of profitable trades but with such risk management you will be profitable anyway

When you want to make trading as your daily job, you need to learn more and more in trading, and you do not just learn about the analysis only, because there will be many more aspect you need to know and understand. I agree that we should make a strategy to anticipate if the market is running out from our strategy so we can survive and still take the profit. But don't forget that the market can go anywhere without we know.

but using an approved trading strategy and money/risk management could give you the opportunity to make day trading as a job

It's more investment strategy but I'm talking about making profits daily even on a bear market (yes, that's riskier as it has the possibility of more high yields) 

Having more than one technical analysis and trading at the points where two or more analyses coincidence, we may take them as they are confirmed reversal point. I am trading based on 200day moving average along with pivot point analysis.

Sometimes I do get stuck due to unexpected volatility but I'm just trading BTC against USDT hence I never need to worry about potential losses as I am always switching over my day trading into positional one and I will be holding them for months until recovering my losses. We can go for combining any technical analysis for having confirmed trading calls. But, we need to test them in real time before following them in live markets.

Sometimes volatility decrease and the best way to trade is to trade with margin, when volatility is high you don't need margin

The simple and best strategy we can follow for increase our profits in crypto day trading is just by following the bollinger band and RSI with small time candles to see how the market is moving and when we can sell.But I don't support day trading it causes more damages than profits so do only if you know to make profits.

This is the difficult strategy I ever know, daily trading use short term period and small range to make money. Mostly, this strategy don't read trends because not for long term period. Get panic and don't have back up fund sometimes make us very afraid to loss but I think panic is not worth and back up fund can be use on the next day. I only suggest set stop loss and take profit area in 2% - 3% in one execution not day. It will help you control emotions and fix your mistakes.

I avoid day trading with margin and for now i think better to do swing trading on the spot market. Buy and hold it for afew month, there are alot of positive news coming and this can be become support and trigger for bull market. For day trading we have to increase our knowledge in technical anlalysis and risk management, dont forget to use stop loss and trailling stop.

THE BOTTOM HEAD&SHOULDERS
Head-and-shoulders bottoms are reliable chart patterns that sport a low failure rate and good average rise.
Price trend downward leading to the pattern
Shape looks like a 3-valley pattern with the middle valley below the others. The pattern should look like an inverted person's head and shoulders , proportional, and not lopsided.
The two shoulders should bottom near the same price, be nearly the same distance from the head, and look similar (both wide or both narrow).
Most times volume is highest on the left shoulder or head, diminished on the right shoulder. Trends downward 65% of the time.
The pattern confirms as a valid one when price closes above a down-sloping neckline or above the right armpit when the neckline slopes upward.
Break even failure rate: 10%
Average rise: 45%
Throwback rate: 64%
Percentage meeting price target: 71%
A higher left shoulder valley when compared to the right shoulder valley results in worse postbreakout performance. The Shoulder Valley figure to the right shows this comparison( after completion.
VERDICT:
BUY:$137.95
SELL:$141.17 up to $152.78
STOP LOSS:$131.19

Remember TECHNICAL ANALYSIS is all about probabilities and based on previous market performance(not all about certainty)
Disclaimer: This is for educational purposes,it is not intended as a financial advice.
The analyst won't be responsible for a loss of fund. Trader should be able to manage risk.

Trade with us and make profit



Like they say the pennant flag pattern ( bearish or bullish ) is the workhorses of the day trader.
The flagpole which leads to the pennant should be unusually steep. The performance depends on a strong price trend leading to the pennant .
The flag looks more like a short symmetrical triangle, more to that is A loose pennant performs more better in a bear market.
The targets tends to be the fibonacci extension ratios. A breakout from the flag to the down side will confirm the move to touch the price label.
The price of BTC will likely go down to $3200( which is where s strong support is found).
Always wait for a breakout before taking any trade.
VERDICT:
SELL/SHORT: $3726.4
BUY: $3681.22 down to $3501.2
STOP LOSS:$3838
Remember TECHNICAL ANALYSIS is all about probabilities and based on previous market performance(not all about certainty)
Disclaimer: This is for educational purposes,it is not intended as a financial advice.
The analyst won't be responsible for a loss of fund. Trader should be able to manage risk.

Another successful trade was made with our professional trader



THE BEARISH PENNANT FLAG PATTERN
Pennants are the workhorses of the day trader. They perform an invaluable service by marking the midway point in a move. However, if a pennant is not accompanied by a flagpole, then it's not a pennant . Also, performance depends on a strong price trend leading to the pennant .
Price trend can be any direction leading to the chart pattern. The Shape looks like a short symmetrical triangle.
NOTE:
- Prices move between two converging trendlines ..
- The flagpole which leads to the pennant should be unusually steep and last several days.
- Volume trend downward trend 88% of the time.
- Breakout Upward 61% of the time
VERDICT:
SELL/SHORT: $145.9
BUY:$142.78 down to $136.44
STOP LOSS:$148.27
Remember TECHNICAL ANALYSIS is all about probabilities and based on previous market performance(not all about certainty)
Disclaimer: This is for educational purposes,it is not intended as a financial advice.
The analyst won't be responsible for a loss of fund. Trader should be able to manage risk

Just imagine if you were trading with 100x leverage how much could that be

3 of 3 trading ideas were successful and made for us profit near 36%