Get started

Profits

Is the BTC Bottom in? October the Month of Mega Gains?For all your ichi lovers ou there, on the 1D, we've got one of the most beautiful E2E's ever, but we're just sitting below this cloud resistance, which we'll likely see act as support as we react at that top supply, so a level to consider for eventual pullbacks. This is also an important level from a fibs standpoint (my fibs are set from a while back to look at the overall picture, I'll still draw more recent ones when I'm looking for pullbacks also.) I would not be surprised to see a quick pullback to that 44-45 level before our next move, but are still holding spot buys on the chance that we pump into the weekly close and Asia gives us a little kick as well. I mentioned 2 days ago I had a feeling it was getting close to an alt run.. I'm getting a lot more confident of that after this move, but we still have work ahead of us and i'm not jumping too deep into the few positions I have open currently. I think there's going to be a few trades put on this October...
BITSTAMP:BTCUSDLong
by Unity-Trading-Group
BTC/USDT BREAKOUT Bitcoin to USDT is now in a breakout in the 1D time frame. We need the daily candle to close above the resistance line (Pink Trendline) to be able to confirm this breakout. If confirmed we can see further push into the Bull Territory marked zone and on its way to 53k soon and possibly 55-60K within this month(October). There can still be a retest of the newly formed support(Pink Trendline) but so long as we remain above the resistance line (Pink Trendline), we are considered bullish as long as confirmed. This will allow the rest of the market to follow and push very heavily. Next upcoming chart will be BTC Dominance.
Long
by UnknownUnicorn28488832
MONEY: IN SMALL TRENDSIn my own methodology I've shown in other charts that, it doesn't matter which time frame you make your money. I even showed a 3 min trend on one occasion. All this true is trend-following - which is different to following a moving average of some sort. The ATR line reacts differently to price fluctuations. The important thing is to minimise losses. This chart is a 15 min time frame. It's of little value now because the start of the trend is where you want to be. But for the future I'm showing where the entry point is. Similar strategies can be used on other time frames. 1. See the trend breaking down and fighting to stay afloat. 2. See the double top on the 15 min time frame. 3. See price collapse. 4. See the rebound to 0.5% fib. Experience is required with all this. In this scenario the stop-loss could have been just above 0.618. That was an unlikely rebound in this particular scenario because price was struggling already. (In other scenarios where price isn't struggling as much I've seen retracements to 0.76 and above). Please note carefully: true trend following is a higher risk strategy but also an exceptionally higher reward strategy. It loses far more often than other strategies. But numbers of losses mean little. Why? It's the aggregate of the minority of big gains well outweighing minimised greater numbers of small losses. It certainly isn't for 'everybody'. In he captioned scenario, nobody knows how far that 15 min trend will go. NOBODY! For trend-followers in this scenario, the exit would be the amber line. In other words, the market shows the entry point and the exit point. That's very scary. See same strategy on the lowly 3 min time frame below Disclaimers : This is not advice or encouragement to trade securities on live accounts. Chart positions shown are not suggestions intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which have a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
A
by Captain_Walker
TRADE OF THE WEEK | Price Action Trading💰 Hey traders, Here is a great long trade that I caught this week on GBPJPY. The price reached 149.0 major daily key structure support. Watching the reaction of the price to that structure, I spotted a double bottom formation on 1H time frame. The trigger that I was looking for was a bullish breakout of its neckline (hourly candle close above). Once the price broke that, I opened a buy limit order on its retest. Then, with coming UK news we saw a massive bullish rally. +230 pips of pure profit. A great example of how nice winners a rule-based strategy occasionally brings. Have a great weekend! ❤️Please, support this idea with like and comment!❤️
Long
by VasilyTrader
18
TRADE OF THE WEEK | Classic Swing Trading💰 Hey traders, I want to share with you a trend following swing trade that we caught with my students this week: 🇦🇺🇳🇿AUDNZD is trading in a long-term bearish trend. Breaking key daily structure support recently, we were looking for a short trade on its retest. Approaching a broken structure the price formed a head and shoulders on 4H time frame. After a neckline breakout, we opened a short position on its retest. After 8 days of passive holding & waiting, the price reached our goal. +125 pips of pure profit & great winner 💰 ❤️Please, support this post with like and comment!❤️
Short
by VasilyTrader
16