5 minute chart entry 4 hour chart exit. Day trade entry swing trade exit. High risk reward (but not ridiculous gamble numbers), carefully picked and thoroughly analyzed setups. Missing out is not a concern.
> Not in an uptrend anymore
> Expecting it to go down but not in a straight line
> Not biased towards holding past the next resistance
> A buy but not yet, maybe in a few days
Price would decline like this:
> In a downtrend but a weak one
> Wall street cheat sheet
> I do...
100 million Tether got printed, you know what this means.
Wait for breakout / with volume / Bitfinex premium / whatever do what you want I'm not your dad I don't care.
Not that hard. High RR.
Don't go buy early and end up bagholding:
Would not short or not much (just to hedge maybe) till 9666 illuminati.
For ETH, THIS IS...
Trends are not created equal, there are 3 types of trends, I am not a trend trader that much but I can identify trends and tell the difference.
This is what I know about myself:
1- Strong trends
Buying breaks / continuation in bull markets this strategy is usually a little "slow", but often winners the problem is it can go back before going up so a tight stop loss is likely to get hit often even when being right, in bear markets moves can be violent.
Those I can think of
* The triangle / flag pattern / falling wedge
These have always worked and still...
Bitcoin got recognized as the true Bitcoin by the U.S. Copyright Office.
Now I would buy some if I had cash available but I don't really do.
When the 250 billion $ (835 at ath) crypto ponzi scheme goes to zero, probably Bitcoin will be dragged down with it (not sure thought).
So there might still be an opportunity to buy in a few months or years but it is still...
- Indices -
Powell Speech: Outlook of trade talks is unknown, premature to judge.
Complete denial, or just lying?
By now every one knows the economy numbers make no sense and cannot be sustained.
Every sucker that fell for the "trade war hopes" is slowly starting to realized he got scammed.
Don't really care about other...
I cannot tell where the top will be but it is likely to be in this area.
If this does not hold, then next will be 11500-13000.
And past that, 20000-25000.
If it makes it to 9700-9800 this bet could even be risk-free since this dumb ponzi drops 10% or more on every single resistance.
The way buyers have behaved - disbelief - hope - start getting excited -...
"China State Run Media Broadcasts Anti-American Movies To Millions Amid Deepening Trade War"
That's today headlines.
Larry Kudlow, Trump market expert that has the job of helping him make sure the stock market goes up, is exhausted constently sollicited by Donal Trump, and even had a heart attack. He wants to leave.
“I NEED YOU HERE FOR THE MARKETS”.
I should make a video so you can hear me laugh. At Tesla baggies face. But it is late here.
Robinhood = free trading "app" for complete casuals. It attracts complete noobs that look for an easy way to speculate and do not care / understand about quality of service. It's really the noob magnet.
Reminds me of...
Hello, so first of all I mentionned in this idea what I think are the most important rules to keep in mind, and a guideline on how to build a system / a career:
In this idea I would like to show what I think is the end goal, and how I would advice someone...
- Pyramid scheme -
Donald Trump has tweeted. The price is going up. Might see a reversal of the downtrend
At least go down a little more. I would buy.
2600-2750 might be a good buy, join the trend start of an artificial bull market.
Not that it will make a difference with 90% people...
At least it gives me some practice. Always good.
No point for me writting a large textwall explaining everything simply, those that need this do not read it or understand it anyway.
I am not a trend expert. I am not a trend trader. I find it simpler to find reversal points at support at the end of corrections...
Not seeing anything to trade right now, so I am just chilling, and posting stuff here. I am following 2 trading rules at once (do not overtrade & take breaks to relax).
The best exceptional individuals dump on the early pros and savvy investors that dump on the institutions that dump on the various funds that dump on the twitter shills that dump on the baggies...
The price broke out of the bottoming triangle and correction trendline that apparently was significant, and since then up 100%.
We are now at a key level, the 50% retrace.
Bitcoin is now also above its bull market trendline. Which matters to some people.
If we get close to 9200 this...
- Indices -
Generally trending down, bulls keep buying dips and price recovers, but to lower highs. Maybe they end up vomitting it all at once and we see a huge red candle. Or maybe more buyers FOMO in. Don't they have to sell to go on holidays...
I wanted to keep this for a little later, but earlier today US congressman Brad Sherman has announced he was looking for colleagues to join him in introducing a bill to outlaw cryptocurrency purchases by Americans. Which forces me to post this as early as now.
First it was China (where the trading of Bitcoin and other cryptocurrencies remains stricly...
I was thinking... They say "be specialized in only 1 market", but how does that work? Everything matters and there are correlations everywhere. Be specialized in 1 strategy sure, but what better way to do this than have a global view on everything?
I like it this way. People that only focus on 2 - 3 symbols can look at everything but really go in detail with their...