An EASY and EXACT guide to make 37 % profit on EOS! IF... To whom it may concern!
This will not be a cocky or arrogant D4rkEnergY writing to my beloved followers out there. It will be a humble and down to earth-kinda guy.
The Royal Highness, Henrik (Henry) the Prince Consort of Denmark, died some days ago and was buried earlier today in Copenhagen. D4rkEnergY is not a royalist, but it is always a beautiful thing to remember the deceased.
We are here taking a look at the 1D EOSUSD Chart. First of all we can see that we have completed a beautiful Elliot Wave Cycle (1-5 and the ABC-Correction). We are still in a downtrend (the black line), but is seems that we already have made our first new Elliot Wave (1) and it's retracement (2).
When that is said, we are NOT going to buy a position at this moment. This is way to dangerous. Even though we might not be far away from breaking out from the downtrend, we are still in a zone of confluence resistance.
We need to break out and up to 10,64 USD before we can make a long position. At that time we are also above the EMA20 and EMA50 with the EMA100 and EMA200 way under us.
This should be a perfect opportunity for us to ride on Elliot Wave 3 up and up to 14,62 USD and make our self a 37 % profit! Remember to put a stop loss. D4rkEnergY will suggest 8,81 USD which give us a Risk/Reward-ratio on 2.17.
RIP R.H. Henrik The Prince Consort of Denmark!
Kind Regards
DarkEnergY <3
Guide
How to enter a trade - Part 2 (Lower time frame) CTR/BTCHi everyone.
Here is part 2 of the CTR/BTC entry signals video. It focuses on pinpointing an entry level using a lower time frame.
I'll put out an exit signals video shortly that covers things from that perspective.
As always, let me know if you have any feedback or suggestions for future videos.
Cheers and good luck,
RJR
What is a Falling Wedge? Newbie Case Study : $GNTIf you're new here, you've probably heard a ton about various terminology that indicate the past, current, and future trends of particular cryptocurrency. Additionally, you've probably heard that these terminologies indicate whether or not a trend is "bearish"(Downward) or "bullish"(Upward).
In this case study, we will examine and dissect $GNT's and how its formation pattern indicated a future increase in price.
GNT'S Falling Wedge
A falling wedge is when the price makes lower lows and lower highs with the resistance line being steeper than the support line. Every new low is created with loss of momentum, signalling of underlying strength.
Between the yellow lines, we observe this formation pattern.
There are two variations and we will be observing variation #2: The Bullish Continuation
The bullish continuation is when price breaks above the resistance line of the wedge and continues on it's bullish formation. The target price should be the height of the wedge measured up from the breakout point.
In this case, our target for $GNT is 6000-6500 Satoshi.
Happy Trading and here is a video for reference!
Constructive Criticism is preferred! Compliments welcomed aswell :)
REFERENCE IS LINKED FOR GRAPHICAL OVERVIEW OF THIS CONCEPT-
How To: Trade Support & Resistance Like the ProfessionalsHello traders.
It is a statistical fact that upwards of 90% of retail traders lose money in the Forex market. There are many reasons for this, but perhaps the most important reason is entry. Retail traders often get terrible entries. Even if they are right, their entry may be so poor that their opportunity for profit is not enough to make them consistently profitable.
If 90% of retail traders are losing, then that must mean 90% of institutions are profiting. Why is this? What makes institutional traders better than retail traders? Well the main reason why institutional traders are better is because they have access to research that retail traders simply don't have access to. The institutions that employ these traders also employ teams of analysts whose sole responsibility is to analyze the market to ensure the profitability of the institution's traders. However, another very important aspect of their success is that they do NOT wait for confirmation, trend line breaks, patterns, and signals from indicators when trying to enter the market.
Institutional traders look for specific prices to buy and sell at and they place their orders at those levels. In a trending market for example, such as this USDJPY over the last month, institutional traders will be looking to buy dips. They won't be waiting for price to form a low and then enter the market because that would be chasing price... that would be retail. Institutions let the market come to them, they find specific prices that reflect good value for buying given the market condition. You can see on the chart all the points at which major higher lows formed throughout this uptrend. As you can also see those lows in just about every instance match up perfectly with the previously broken high. That is no coincidence.
For a market to form a major swing high in an uptrend, there must be a lot of money selling the market at that price to push it lower. Only institutions have enough buying/selling power to move price and form such a top so if a high is formed it is because it was at a price level where institutions were previously selling. If price then breaks out to the upside and forms new highs, institutional buyers will then look to buy that same price that they previously sold at.
It seems very basic... and that is because it is. Institutional traders only look at price action. Retail traders are the only traders who complicate things by using patterns and indicators and that is precisely why so many of them fail. Keep your charts simple... don't wait for confirmation or signals... let price come to you. Think like an institutional trader now like a retail trader!



