really just want to update a previous chart I try to post quickly to notify ppl as soon as possible. as ive stated several time and always do in my signature at the bottom timing in this market can make you so much more money than just being on the right side of the trade a high percentage of time.
reversal candle rsi is oversold then bounce price went lower giving us our bullish divergence mac d is curling back up gotta watch vol here and if this recent low breaks i would run and taking profits into a short rally here and reenter a pullback if you can quick trade would be best case senerio because we have a long battle ahead if we continue higher and we could break the low but were seeing a bounce here Looking for a group of people or even a few people to go on a journey with me. I recently became a full time trader in crypto and don't have much in network or social exposure to not only talk with on a day to day basis but also to help teach each other. I didn't really expect to be a full time trader at this point but in my opinion and my situation it was now or never. Recently lost my job and was trading crypto very seriously since April. I spent approx. 40-80 hours a week learning, reading and analyzing charts. I wanted to have a larger account and be more financially stable before taking this kind of pressure on but i also know that sometimes you got to just go for it! I had two choices to either continue to look for a new job and eventually get one and go back to part time trading which is much harder because when your not available you miss a lot of what is going on as well as you tend to chase or get emotionally upset because your right but because of timing your wrong. So i took the step and am fully committed to trading full time. I also wanna find another market to trade because in the long run this market wont always be this good and if I'm doing this for income I always have to be a step ahead.
A few things I've learned about trading so far.
Timing is far more important than being right. Good entries and exits can be far more profitable than just being on the right side of a trade. your opinion doesn't matter but you also have to use common sense when it comes to making decisions. Majority of times you have to go against what everyone else is doing and everywhere you look for help is gonna say your wrong. A plan is far more important than making money. A strategy is very important!
If you would like to link up or connect looking to start a telegram group, Facebook group or whatever work for the majority to be able to connect help each other and learn. Even simple feed back on charts helps me and lets me know there are people out there like me.
Thanks again
AJ Smith
Donations always greatly appreciated and really help me as I take this journey as a full time trader. Always willing to help anyone with any trading ideas or ?s. I don't expect anything so don't feel I need something from you in order for up to talk or for me to help in anyway i can!!! I learn a lot from just helping others! :)
Eth 0x5aaEE6AcbF21357F9Fe0672C5eAbA4196aA99651 Btc 49a99f6d-ea4b-4b94-82ae-0eb2e3928998
Trade closed: target reached
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I wont say the target was reached but we didn't get a good bounce with the bottom in for the moment so I took profit near the top and actually opened a short position on eth at 285
Hi AJ
I am very new in this market so don't know much about trends but recently I am spending some time to learn and trade. No much of success up to know, anyway. I read peoples opinions every day.
So I am happy to be with you in this journey but possibly can't spend as much time as you spend and do not know as much as you know.
Saying this I want to ask you two question:
What is your idea about china's exchanges will close end of this month and its effect on market?
Also what is the effect of XBT hard fork next month on its price?
My opinion: by the end of this month the price may come down. Before the hard fork the price will go up.
Playj
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@babakmb, Thanks that would be great we need ppl from all walks of life and helping newer ppl helps me a lot more than i probably help them because i have to collect all my thoughts and put it in a manner that makes sense. and in doing that sometimes i realize my previous thoughts were wrong or doesnt make as much sense as i once thought.
The china stuff is over at this point basically all there trading volume in minimul at best and we have moved forward. Now if they release more bad news related to crypto we will see an affect but news affects this market in all aspects up and down. But thats becasue 95 percent of coins are speculative and have no products. billions of dollars for ideas and little use or products. Now dont get me wrong there will be some winners and many more that will come later and be big. And the ideas behind and the use case for the technology is gonna change the world. But with that said most are scams just grabbing money using keywords decentralized blockchin peer to peer untrabable etc. Ive looked at so many websites and ico and literally so many barely have working websites and have millions of dollars. they present ideas and up to this point there has been little reason for most people who are in to grab easy money by creating ico to actually make a working product. Much cheaper to make ico and just keep all the money and never pay anyone to do anything. release a few tweets and press relaeases and now there millionairs. sorry i dont always jump into the hype. ive said since day one the whole f the govt banks and rugulation sounds good but will never happen and if regulators wanted to end it they would no doubt i dont care what anyone wants to think or say its just a dream. They have hidden agendas by allowing btc to operate or are making large sums of money either way the whole market is gonna change soon with regulations everywhere ico ending ico coins all dying or most but things like btc will benefit from regulations futures trading and ico ending. Things like eth well the giant m chart of eth should tell you what you need to know.
The hard fork in my opinion will have little to no effect this time. we may see releases of news or tweets of ppl manipulating the price for personal gains but i think overall there will be bigger news far outweighing a way less important and less influencial fork comparted to say b cash. This fork will just come and go at least i think lol There will be manipulation because of it but i think that will happen prior to hard fork and price will remain fairly stable around the week of it for ppl holding btc to get more free btc with the fork.
I am very new in this market so don't know much about trends but recently I am spending some time to learn and trade. No much of success up to know, anyway. I read peoples opinions every day.
So I am happy to be with you in this journey but possibly can't spend as much time as you spend and do not know as much as you know.
Saying this I want to ask you two question:
What is your idea about china's exchanges will close end of this month and its effect on market?
Also what is the effect of XBT hard fork next month on its price?
My opinion: by the end of this month the price may come down. Before the hard fork the price will go up.