About mehttp://cryptotradingmastery.com/ - I am a Professional Cryptocurrency Trader with over 10+ Years Trading Experience in Forex, Futures, Options, Stocks, ETFS and Commodities. In addition, I am a Trading Educator
With Ripple breaking Trendline Resistance and moving to positive territory, we are looking to enter Long on an anticipated Rally. Note, this is a countertrend trade and our stop loss, as always, is clearly defined
The Risk Reward is 2.5:1
The target is never important. Once we move into profit we trail our stop to lock in profit and mitigate our risk to secure a...
Target 1 hit. Profits secured.
As advised 2nd target set for $8000 (as posted in advance - see my related post "can Bitcoin Fall To $8000?") with a trailing stop to protect profits. T2 set just in case we have a further sell-off
I think the PermaBulls are in shock after the first selloff after hitting ATH around $17000 (Bitcoin lost approx 43% of its price...
Failure to break above 1x1 tells us we have a change in Trend and Buyers are weak
Short entry, on breaking 1x2 line, stop loss breaking above 1x2 or above last major top depending on your preferred risk management.
Further confirmation will be shown by taking horizontal Fib support at 12,500 (which at tiome of writing is holding up Bitcoin market), where we can...
Bitcoin winds its way into an apex as the price makes small ranges. Inevitably it will break out on its next move.
Support is being held... for now... around the $12,500 which is shown on both the Daily and 4hour chart. I have shown you the Fib levels which are applicable.
A break and close below this will declare its direction south. Whilst a firm stand here...
I previously identified 2 resistance levels for you, which still stand. Whilst we pierced through and closed above R1 the Buyers are struggling to hold R1 as sellers push them under R1 level once again.
You all know, I am big move trader who seeks bigger profit runs, with clearly defined moves and clearly defined stop losses. With other indicators telling us that...
To my loyal followers who are able to read my analysis correctly and patiently wait for a setup you will be aware I identified both a Long and Short setup in my related charts below. Both of which have not occurred and we remain in the no-entry zone.
As pointed out in my previous articles we remain neutral until we have confirmation and a trade setup where we can...
Following a bullish 2017, we have a POTENTIAL correction setting up in 2018.
Whilst Bitcoin long-term is bullish we need to be aware that a breaking of the Head & shoulders Neckline may precipitate a severe sell-off.
To play this we look at both sides of the coin:
LONGS: Needs to convincingly stay above the Resistance Levels
SHORTS: Breaks the neckline of the...
Here is a quick Time Analysis showing a POSSIBLE date for a Top which is 1Nov2017.
10+ Years Professional Trader and Trading Educator
REALITIES IN TRADING:
In trading, there are Winners and Losers. Accept it. If you can't you shouldn't be trading.
We protect our capital with stop losses. Our winning trades eat up our losing trades, with the goal,...
One week ago (24 Oct17), I provided you, using my Technical Analysis skills, an area where I identified Fibonacci Support around $260-$265. However, I deliberately did not place a trade as I wanted the Market to PROVE itself to me. PATIENCE is critical in trading, in order to objectively evaluate your...
Previously, I advised you I was stalking DASH, as it moved its way into the corner of a triangle and I stated the move could break either way, up or down.
The Support I identified is currently holding and the Market is starting to show more of an upwards bias.
With Dash and many other cryptos working their way into an apex eg Bitcoin, we can expect a breakout...
My BEARISH view of Bitcoin, as you are aware, is still firm and I have started acquiring my SHORT position from $6250 upwards giving a R:R of 4.6:1
Above 6100+, which as I write is where you can start shorting, IMHO.
I am NOT focusing on timing so you must make your own decisions when to enter, given your own view on news events.
If the trade, starts showing...
As we should know by now, in trading we identify a Pattern and Trade the Probabilities whilst protecting ourselves with STOP LOSSES. Well, our good friend Stop Loss kept our capital safe.
With Bitcoin Short stopped out we took a negligible -1R loss.
Bearing we had a Bitcoin Cash WINNER of +3.14R win.
NET PROFIT IS is +2.14R, that's how we trade, our CAPITAL...