Congratulations to all who followed my recent calls. Taiwan Bear has done it again!! Please enjoy the red envelops as my gifts to you.
Let’s do a recap on what’s happening. I have mentioned a total of 3x trades that I would be interested of taking since the recent low at $6,500:
1. For the long-term investments bought between $6,800 - $7,300 – the first target of $9,366 has achieved. Please take some profits if you'd like. You can move your stop loss to break-even for now. (or $8,864 if you don’t want to give all the profits back)
2. For the daily timeframe swing trade bought around $8,400 – the target is still at around $10,600. You can move stop loss to $8,864 for now.
3. 1hr timeframe swing trade bought around $8,400 – the price has already gone way beyond the target of $8,700. You can move your stop loss to $8,864. (The fractals between gold and BTC worked out perfectly!)
Gold fractal:
Many of you here on TradingView are new to trading. I hope that you don’t receive false information from so-called gurus. So, here are some of my tips for you:
I have proved to you since 2018 how to make money from trading consistently. I hope you can listen to my above advice. I don't mind to have a bad name, as long as I can help just 1 person out of a thousand.
**This post is for informational purpose only. I will not be held liable or responsible to you in any way for any loss or damage suffered by you through use or access to this post**
Past analysis (click & play):
Bitcoin, perfect call (300% profits)
Bitcoin, bought between $6.8k - $7.3k (20% profits)
Perfect call on $12k weekly resistance
Bitcoin dropped from 12k to 7k as expected (40% fall)
Bitcoin dropped to $3.5k as expected (40% fall)
Bitcoin, bought $6220 target $8480 (36% profits)
Perfect re-bought target
Education posts:
2618 trade
Top-down analysis
Let’s do a recap on what’s happening. I have mentioned a total of 3x trades that I would be interested of taking since the recent low at $6,500:
1. For the long-term investments bought between $6,800 - $7,300 – the first target of $9,366 has achieved. Please take some profits if you'd like. You can move your stop loss to break-even for now. (or $8,864 if you don’t want to give all the profits back)
2. For the daily timeframe swing trade bought around $8,400 – the target is still at around $10,600. You can move stop loss to $8,864 for now.
3. 1hr timeframe swing trade bought around $8,400 – the price has already gone way beyond the target of $8,700. You can move your stop loss to $8,864. (The fractals between gold and BTC worked out perfectly!)
Gold fractal:
Many of you here on TradingView are new to trading. I hope that you don’t receive false information from so-called gurus. So, here are some of my tips for you:
- When you enter a position at the start of a trend/move, you DO NOT want to close ALL of your positions because you never know whether you will have the chance to buy back again. What you should be doing instead is to secure some gains and leave the remaining positions open until the trend reverses. This is done by moving the stop loss higher. Why don’t you close all of your positions? Simply because when you win you want to maximise your profits and when you lose, you want to cut the losses. That’s how you make money from trading.
- When you make profits from a trade, you DO NOT just wait for another trade opportunity for the sake of waiting because you are afraid you are going to return your profits back to the market. Rather, you should have a trading system that gives you consistent result and whenever an opportunity presents itself, you should just take the trade as long as you don’t exceed your maximum exposure.
- Little market movement does not mean little money. It's all about the risk reward ratio and position size. You can make the same amount of money with a 10% move in the market as compared to a 50% move in the market.
- You can certainly make money by day trading cryptos. Due to each individual's circumstance, some people are more suitable for day trading while some are more suitable for swing trading. There is no right or wrong. It's the same as finding a system that suits YOU.
I have proved to you since 2018 how to make money from trading consistently. I hope you can listen to my above advice. I don't mind to have a bad name, as long as I can help just 1 person out of a thousand.
**This post is for informational purpose only. I will not be held liable or responsible to you in any way for any loss or damage suffered by you through use or access to this post**
Past analysis (click & play):
Bitcoin, perfect call (300% profits)
Bitcoin, bought between $6.8k - $7.3k (20% profits)
Perfect call on $12k weekly resistance
Bitcoin dropped from 12k to 7k as expected (40% fall)
Bitcoin dropped to $3.5k as expected (40% fall)
Bitcoin, bought $6220 target $8480 (36% profits)
Perfect re-bought target
Education posts:
2618 trade
Top-down analysis
Comment:
Now Bitcoin broke up resistance again. Can move your Stop loss higher to $9077 if you'd like.(They are all guaranteed profits now)