For years, I was against the idea of opening short trades in the crypto market. From my point of view, it is much more logical to buy assets and stay on the bullish side. Why? Because the nature of the crypto market, as well as the stock market, is bullish. The crypto market has more fundamental reasons and the potential to move upward than downward. There is much...
The daily chart gives us a possible trend reversal signal. I'm talking about the inverse Head & Shoulders chart patterns, which is a bullish signal in the bearish market. If the price moves above $46 000, the pattern will be confirmed. We will have all reasons to think about opening long positions. The main target based on this pattern will be around $58 000-60...
The main idea, how to trade during the week, was simple. I decided to use S&P500 and Nasdaq indices in combination with oversold market conditions and bullish signals to plan my trades in the crypto market. Indices bounced from the local bottom after a good downward movement. We got solid reversal patterns. It was logical to expect an upward movement in the stock...
In spite of the upward movement from $33 000, the market stays bearish in the daily time frame. The price reached the resistance area between $42 000, 50MA and the weekly uptrend line. It will be logical to see a reversal and a new downward movement in the border of the downtrend. The main target at $30 000 looks like the perfect target for the bears. BUT! From...
The previous week was interesting from the point of preparation for an important event in the USA! In the middle of the week, we had the Fed meeting and their decision about the rate. The strong news could push the crypto market in any direction. It gave us possible trade opportunities. I had to plan my work very carefully in order to avoid stupid mistakes and get...
As we are in the bearish market, it is very important to invest in reliable projects. So, Bitcoin may take the main part of any portfolio as the most reliable asset. I would like to use it for swing and position trading. If we look at the daily chart, we'll see that the price bounced from the local downtrend line and 20MA. It will be logical to see a local...
I had to spend enough time thinking about what to write in a new trading report. The reason is that I didn't have a lot of action during the 3rd week. I planned my trades based on reversal setups from the support areas. I marked them in the daily chart for better understanding "where" and "how" I wanted to trade. So, please, look at them. I had reasons to open...
We are in the bearish market if we talk about daily and lower time frames. It is obvious. As for the weekly time frame, we keep the bullish structure, but lower swing high and low will confirm a global trend reversal. For this, we just need to get a new swing low, below $28 000, and a new swing high below the ATH. After that, we will have more than enough reason...
I liked the 2nd week much more than the 1st one. Maybe because I had less stress from outside, maybe because I stopped thinking about what other people would tell about my trading results and the drawdown. I started to enjoy trading and focused much more on the process. The 1st week gave me new ideas how to improve my work through better combining swing and...
The daily chart gives us interesting information about how the market is going to move during the next week. what is very important to say from the beginning, we are in the bearish trend in the daily time frame. 1. The price bounced from the major support between $42 000 - 40 000 levels. The support is very important for the whole market. It was the starting...
This is the 1st post where I'm going to review my trading in the borders of the 1M Trading Challenge. I would like to share with you not only my trading results but also describe my thoughts, emotions, and ideas just in order to become an additional source of new experience and knowledge for you. If you don't understand what I'm talking about and you didn't...
If we look at the daily chart, we will see an obvious bearish market. From TA point, we have a breakout below the local uptrend line. The price moved below 200SMA. We have a bearish structure with lower highs and lows. RSI and MACD are bearish and support the further downward movement. So, there are no reasons to talk about the bullish market and new ATHs. ...
There are 2 main questions right now: - Is it possible to turn $10 000 into $1 000 000 trading crypto? - How much time will it take to reach this goal? In this post, I offer you some math, with exact goals and forecasts based on the real performance. If you don't understand what I'm talking about, I recommend you to read this post "Trade Challenge: I'm going...
The beginning of 2022 is the perfect time to start a new format. I decided to do it with a trade challenge. I think it will be able to provide a lot of benefits for everyone. Let's talk about the trade challenge in detail. What is the trade challenge? The main goal is to turn 10 000$ into 1 000 000$ and above! Additional Goals: - I want to make a trading...
Santa Claus Rally gave a good opportunity to get out from wrong positions and even make some profit. But we have to be very careful! The upward movement doesn't mean that we are going to continue the bullish trend with new ATHs. It may be just the result of activity in the low liquidity market. And I'm talking not only about the crypto market, the same goes about...
Today, I offer you to look at a rather interesting coin. I'm talking about BNB which obviously has a strong project behind it. From TA point, we have a possible trade opportunity. In the daily chart, the price reached the support at 500$. Bullish setups in the hourly and daily time frames allow us to open long positions which are absolutely logical at the strong...
There are no reasons to think about the bullish market. There are no reversal setups that would allow opening long positions. It is not only about the daily chart which shows «no buyers» through the price action. There is bearish sentiment in the hourly time frames as well. We have the downward movement with 44 000$, 42 000$, and 40 000$ main targets. Guys,...
If we look at the daily chart, we may say that the market stays in the bullish trend in spite of the correction movement from the ATH. The price moved below MAs, 4000$ and the main uptrend line. It gave us the solid bearish signals in the daily chart and the bearish trend in the hourly time frames. It is fine. Any trend includes corrections as part of the whole...