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Bitcoin 2 hr analysis 🚨 BITCOIN 2-Hour Analysis 🚨 Here’s what we’re watching: 📈 Upside Targets: • TP1:99000 • TP2: 100600 📉 Downside Targets: • TP1: 96450 • TP2: 95100 So we have to watch out for $97400- $97600 level. If BTC stays below then you can target downside targets and if above then you can target above levels mentioned as TP(take profit) Keep an eye on key levels and trade smart! 💹 What’s your take? Drop a comment below and share this with your trading crew! 🚀
BYBIT:BTCUSD.P
by ProfitMatrix
1
15 Key Principles for Trading SuccesHello fellow traders! I have compiled an article containing valuable insights and practical advice to help you navigate the trading world. Covering essential topics such as technical analysis, risk management, and adapting to market conditions, this resource is designed to enhance your trading skills. Dive in, learn, and apply these principles to your trading journey. Wishing you success and happy trading! 1. The Importance of Risk Management in Trading The key to successful trading lies in managing risks effectively. You need to have a solid plan to protect your capital and stay in the game. Some risk management strategies include using stop losses, limiting margin usage, diversifying your portfolio, and risking only a certain percentage of your portfolio on any given trade. Remember, the best traders know how to limit losses while maximizing profits. 2. Building a Solid Trading Plan Every successful trader has a well-thought-out trading plan that they follow religiously. This plan should include your trading goals, strategies, risk management, and entry and exit points. Crafting a solid trading plan helps you stay disciplined and focused, ensuring long-term profitability. 3. The Value of a Trading Mentor and Learning from Others Having an experienced trading mentor can significantly boost your trading performance. A good mentor can provide valuable insights, guidance, and constructive criticism, helping you refine your strategies and avoid common pitfalls. Also, don't hesitate to learn from other traders by subscribing to high-quality trading YouTube channels or participating in online forums. 4. A Comprehensive Education in Finance and Economics To conquer the financial markets, you need a strong foundation in the basics of finance, macroeconomics, and microeconomics. This knowledge will help you understand the driving forces behind market movements and make more informed decisions. Khan Academy offers excellent free courses in these subjects, and for technical analysis, consider reading "Technical Analysis of the Financial Markets" by John Murphy. 5. The Power of Charting and Technical Analysis Mastering charting and technical analysis is essential for making accurate market predictions. Spend time learning how to use your charting platform, like Trading View, and familiarize yourself with various indicators, tools, and strategies. Knowledge is power, and the more you know about your tools, the better your trading results will be. 6. Staying Humble and Detached in Trading Leave your ego at the door when it comes to trading. It's not about being right; it's about making money. Stay humble and unemotional, and don't let pride or personal attachments cloud your judgment. Remember, every trade has inherent risks, and past performance does not guarantee future success. 7. The Benefits of Keeping a Trading Journal Maintaining a trading journal helps you track your progress, learn from your mistakes, and refine your strategies. Record your insights, trading plans, and the outcomes of your trades. This practice will make you more disciplined and focused, ultimately improving your overall trading performance. 8. Avoiding Speculation and Emotional Trading Successful traders make decisions based on data and analysis, not speculation or emotion. Keep your feelings in check, and never enter or exit a trade based on fear, greed, or personal attachment. Stay objective and remember that data-driven decisions yield the best results. 9. Staying Informed and Recognizing Market Trends Pay close attention to market trends and financial news. Be aware of what's happening in the world, and use this information to inform your trading decisions. However, be cautious of hype and mania, as they often signal the peak of a trend, rather than its beginning. 10. The Art of Strategic Entry and Exit Points Before entering a trade, plan your entry point, stop loss, and profit target. Always ask yourself how much risk you're willing to take for a potential profit. By carefully considering these factors, you'll make more informed decisions and improve your overall trading success. With these principles in mind, you'll be well on your way to mastering the financial markets and achieving consistent profitability in your trading endeavors. Remember, the key to conquering the financial markets lies in continuous learning, discipline, and adaptability. Keep refining your strategies, stay informed about market trends, and always be prepared to adjust your approach as needed. 11. Adapting to Different Market Conditions Markets are ever-changing, and it's crucial for traders to adapt their strategies to suit different market conditions. Develop various strategies for both bull and bear markets, and be prepared to switch gears when the market demands it. Flexibility is the key to long-term trading success. 12. Utilizing Diversification for Risk Mitigation Diversification is an essential part of risk management. By spreading your investments across different assets, sectors, and even trading styles, you can reduce the impact of losses in any single area. This approach helps to protect your overall portfolio and ensures more consistent performance. 13. The Importance of Breaks and Mental Health Trading can be intense and emotionally draining. It's essential to take regular breaks and maintain a healthy work-life balance. By stepping away from the charts, you can recharge, gain perspective, and ultimately make better decisions when you return to trading. 14. Networking and Building Connections in the Trading Community Engaging with the trading community can provide valuable insights, ideas, and opportunities. Attend trading events, join online forums, or participate in social media groups to network with other traders. Sharing experiences and learning from others can greatly enhance your trading skills. 15. Constantly Improving and Evolving as a Trader Finally, never stop learning and evolving as a trader. The financial markets are constantly changing, and what works today may not work tomorrow. Stay curious, keep learning, and be open to new ideas and strategies. By embracing change and growth, you'll ensure long-lasting success in the trading world. In conclusion, conquering the financial markets requires a combination of solid education, discipline, adaptability, and a willingness to learn from others. By implementing these principles and continuously improving your skills, you'll be well-equipped to navigate the complex world of trading and achieve lasting success. So, roll up your sleeves, dive into the markets, and start your journey towards becoming a master trader.
SP:SPXEducation
by Julien_Eche
$SPY Trading Plan & OutlookComing out of a nice bearish trend SPY has bounced nicely off the 200-day Moving Average on the weekly time frame. Historically, the 200-day moving average has been a massive level of support and resistance. You can always expect some nice volatility around there. Coming out of the bearish trend we do have some more bearish trend lines to hit. As of now, I'm just watching this trading range and seeing how the market reacts to the unemployment rate tomorrow (OCT 7th) 8:30 ET. 3.7% reported last month is the number to beat. Be patient and wait for the market to pick a side before loading any trades. On the other hand, make sure you're taking advantage of these nice discounts across the board for your long-term portfolio
AMEX:SPY
by InTheMoneyMike
📖 STEP 3 to MASTER TRADING: WHAT’S YOUR TRADING EDGE? 📖The topic of trading edge in the market is highly underrated, in my opinion. That’s why today I propose to discuss it, and I hope it can help you to shift your perspective on this matter. So let’s think about this together. What parts does your trading edge consist of? 🟩 THE BIG FILTER For me, the first part of any trading edge is its filter. So your trading system tells you very clearly when you should NOT be in the market. It protects your capital - both $ capital and emotional capital - from poor market conditions, and low-quality and low-probability setups. And what it actually means when you execute your edge is that most of the time, you will stay out of the market. 🟩 YOU WILL “MISS” THE MOVES That’s really tough topic for many of us, me included because very often you’re looking to enter the zone, but the price can either turn right before tapping into it or tap and doesn’t give any confirmation for entry. And that could be very emotional. However, the fact is simple - such “missed” moves are also part of our edge. Why? Because if you tested one set up, one pattern, and you know it’s profitable the way it is, then you need to execute it the way it is. Keep in mind, when I say profitable, I don’t mean crazy profitable. Today, with access to prop firms, we need a very low % of profitability to earn for living. We can scale the $ amount relatively easily if we are profitable consistently. So again, we don’t need every move, and we don’t need the whole move. We just need some part of some moves - and a good edge will make consistent profits out of this. And only then, if you want, you can tweak, refine and step by step make your system even more profitable. 🟩 THE PATTERN This part is actually your entry pattern. Notice again, this is just a part of your system, not the whole system. If you really understand this, you’ll be much more relaxed in the market. This part should include a written checklist for your entry - just like a pilot has a checklist before his flight. A checklist, in its turn - is a part of your trading plan, it’s the essence of your trading plan. You will refer to it before every trade. 🟩 MANAGEMENT, LOSERS AND BREAKEVENS When you executed your edge in the market, now you need to manage the trade accordingly, based on your checklist. So take partials, accept breakevens and losers. If you entered into a high-quality setup, which turned into a BE or a loser - it’s the part of your system, and usually, it doesn’t make sense to overthink it and try to find flaws in your system. But that’s flexible, and of course, you can analyze what happened, and maybe even find something to tweak, but very often a loser is just a normal loser, and breakeven is just a normal breakeven. 📖To recap, any edge will include: 🔹“missed” trades 🔹trades, where price didn’t tap into your entry order just a bit 🔹trades where you were stopped out for several pips and price then went to profit (if it repeats constantly, maybe consider having a bigger stop loss) 🔹full TP 🔹partials 🔹losers 🔹breakevens 🎁If you’re still here, here’s a BONUS trading hack for you. Ask yourself and try to answer honestly this question: “During all the time I’m trading, what is the maximum amount of days in a row, when I followed my rules to the T, honestly?” You will be surprised, but the usual answer is 3-10 days. Yes, people can trade for 2-3 years, but never manage to follow their rules (whatever they have at the moment) for at least a month in a row. It all leads to catastrophe, of course. Thank you for your time! If you want to see more educational materials, please hit the BOOST button and leave your comments below. Dima
FOREXCOM:XAUUSDEducation
by Yelli_trades
7
Trade setups I would take and how to manage riskJust like this. Buy and sell limits above and below structure, as in the most recent highs/lows, with your TP in general being a return to structure. Brutally easy way to scalp and make money. Few more examples... This one shows where the stop loss might be. In general, I go with a 2/3 or 3/4 type rule, where I'll have a wide cluster of limits, then a gap, then a hard stop that closes all of them. Just in case. Your order clusters should be wide enough with this strategy that it almost never gets hit. Regular market movement should not be hitting your stop loss. That kind of behavior should generally be reserved for news events that catch you off guard. Now as far as actual risk goes, this is entirely determined by you and no one else. There's no single correct way to do this. A lot of people are dead set on the idea that you should never risk 10% of your account, but how big is the account? Is it $10,000? Is it $100? If it's $100, why not risk $50+ when the odds of a loss are very low? On EUR/USD, you might have a hard stop loss of 50 pips with 15 tickets separated by 2 pips each. Each ticket would be 1k (0.01 lots). If 1 pip on a 1k is $0.10, then a 50 pip stop loss is $5. Your second ticket is 2 pips away, so that loss would be $4.80. Third $4.60, and so on. It's doable, right? Maybe the price dips 20 pips into your counter-trend limit cluster, eating 10 limits. Then the price returns to the support or resistance near your starting point, and you decide to close all of your tickets. The profits from that would be $2.00, then $1.80, then $1.60, and so on. That might not seem like much in comparison to the stop loss, but consider this: your stop loss will have a 0-5% chance of ever getting hit. It's straight profit. And it's constant, and consistent. I cannot stress that enough! You can be doing this all day long. So, what if you want to follow a trend in this manner? It's the same deal, really... just throw limit orders below (or above) trending wicks. Like this: It's all just structure. You bet with structure, and you bet against structure. At all times. You only require a 50% retracement from your starting ticket in order to break even. If you even feel uncomfortable with what's going on in front of you, it doesn't take much for you to get out safely and start over with a new cluster of limits. There is absolutely nothing wrong with closing out safely. You'll be trading so frequently you aren't even a little bit obligated to let things "play out". Maybe you don't like how quickly the momentum built into your cluster, and it retraces down to the 50% area so you wanna break even, but then you start laying more limits above and below because you believe that momentum is likely to slow down. I'm gonna tear down a phrase that I'm sick of hearing: the trend is your friend . The trend could be the worst friend you've ever had. Sometimes he's really cool, and he's the life of the party. But he really likes hanging out with you, especially when nothing is going on. He really likes to wait! He doesn't exactly value your time, and he's perfectly content sitting in a chair next to you watching paint dry. He smacks the remote out of your hand when you try to turn on the TV. This trend guy can be a real jerk sometimes. You also suspect he might be bi-polar, because sometimes when you get excited to do things with him, his mood shifts the moment you open your mouth and suddenly the fun has been sucked out of the room. That is the trend. On some pairs like USD/JPY, a trend can go on for a very long time, and there's a lot of money to be made. The problem is it is speculative . You don't know where that trend is going to end. Nobody is clairvoyant, and most people will make incorrect guesses. If you simply remove this requirement of speculation, where you have to be "correct" in your guesses in order to make money, you will do better in almost any market. If your goal in trading is to make consistent money, then the trend is not your friend. He's an acquaintance at best. You have to associate with him in business and that's about it. You spend just as much time associating with the counter-trend, because you should be doing business with both of them constantly. Now, on the other hand, if your goal is to invest (AKA gambling), that's a separate concept entirely. You're trying to grow a tree from a seed when you invest, and there's nothing wrong with that. But most people cannot live off of it. You can't even order pizza with your investments until they come to fruition. A trader can make consistent money every single day, without knowing or caring where the market is going or what it's going to do. Price continues trend, price retests, trader makes money. Price reverses, price retests, trader makes money. That's it . No waiting for retarded "key support levels", no waiting for "confirmation", no speculation, no technical analysis. Just raw risk management, getting in and out of the market quickly and constantly. Now, the one downside to being this kind of trader is you generally can't do this easily with the basic tools provided by your platform, meaning you would need scripts, EAs or whatever in order to quickly deploy limit clusters. The tool I'm working on allows me to drag a horizontal line on the screen, and I have a panel of buttons that do interesting things. I can click "Sell limits" and a whole bunch of sell limit orders appear just above the line. I can move that line again and click "Adjust TP", and the take profits for all of those orders will appear right below the structural retest point I'm targeting. I have buttons to close profits, to close pendings, close all tickets... it's just the bees knees. This is an MT5 EA, which most people won't be using, but I trade on CryptoAltum so that's what I use. I will leave it here for free. Lastly, have some limit order porn. Every single rectangle is a place where you could've had limits that got filled and made money. On really strong trends, you might notice that the retracement only returns to around the 50% point of your limit cluster, but you'll notice how uncommon that is and how easily you could've gotten out with little to no loss. A lot of the time, I won't even restrict myself to structure (swing highs and swing lows) even though that's the most reliable way to do it. I'll literally just put limits above and below any wick because I feel like it and I can make a profit in all likelihood. ...Anyway. I hope you enjoyed this write-up. Leave a comment if you did, or have any questions!
Education
by WinkleTrades
SETTING REALISTIC GOALSHey Traders, Traders whether they are new to the world of finance or have been involved for a while can benefit greatly from setting specific goals in correlation to what it is they actually want to achieve. There's a million different ways on focusing and goal setting in trading and a lot of people get it wrong straight out of the gates. To this day I still see some professional traders still setting their goals wrong. Traders need to get to focusing on the process of trading, including strategies, structures, journaling, whatever it may be. You have to focus on these processes set in place for yourself regardless of results. This can be so much more effective with getting to an area of consistency compared to just focusing on returns. One key takeaway I want you to get from this post is all traders, whether novice or whether you're experienced, you should be basing your trading results off of how well thought out the trading plan was, which includes how the trades will be entered, exited, how the money will be managed. That right there is how you measure performance, not the Profit and Loss that comes from the trades. Process Goal Setting - Initially, when getting into trading, most traders look for some kind of goal surrounding numbers. We are all here to make money, to make percentage gains. So we tend to gravitate towards setting our goals based on what we want to return, what type of money we want to make, what time are percentage yield we want to bring in. This is damaging in its own right. It's very easy for people to say, OK, I'm going to try an make 1% per day and I'm going to do all my trading to make 1% per day. Then all of a sudden they start planning in the future. "Okay, I make 1% per day everyday for the rest of the year," and then all of a sudden they start calculating what they're expected to return and they give themselves these high hopes in achieving that. But The thing is, what they're not understanding is given their strategy, 1% per day might not be possible. We can't say yes. I'm going to make 1% per day and our strategy not allow that to happen. We may only find one opportunity per week given our strategy, we might only find three opportunities, but we have a 33% win rate. So having these unrealistic, number focused goals are really damaging because no matter how much work you put into it, it may not be possible. Just like any other business, we need to develop a process. Anna system and our goals need to be set on doing that process an working that system correctly and consistently. So rather setting goals for, I want to make 5% this month. Set goals like I want to only take trades which are an A-Grade set-up in accordance to my strategy. I want to journal every trade for the next 4 weeks. Goals like these make you focus on the process, and I don't know a single business that is successful without a good process. Most businesses don't get profitable for a set period of time. Some even just fail. Without a process and without setting goals aligning with those processes will make your results be based on chance and not based on skill. Aim for consistency - When it's early on and you may still be demo trading or trading with a small amount of money, I want you to start aiming for consistency. Now I know that can be hard when running in drawdowns or perhaps even trading a strategy that isn't profitable, but what you can do is aim to be consistent in your process aim to be consistent in your decision making. Aim to be consistent in your risk management. What you will learn is whether your strategy is profitable or not. You will learn a lot about the market. What you will notice after a long period of consistency (Trade for at-least three months) is your areas that need improvement. let's stay consistent and every single day you do the same thing, you trade the same setups, you trade exactly the same way, which a lot of people don't have the self discipline to do. You will notice areas where you can improve on based off of those results. Most people give up and fail because they're not disciplined enough to remain consistent in a strategy which isn't providing them with the unrealistic returns that they're aiming for. If you sit down and you take it seriously for three months, win or lose, I guarantee you will take about 18 steps forward in the right direction compared to just sitting on the balance rope jumping from strategy to strategy. It is okay to not trade - This is where consistency and discipline delivers the reality check. The market is constantly moving, sometimes slow, sometimes fast, and that gives people the impression that their strategy is always valid and they always have to be risk on and always have to be trading. This isn't the case. Trading during slow times or making impulsive trades outside of the scope of your plan is such a common issue that I feel the need to point it out in today's message. So many people will try and force their strategy or force themselves to get in and make money when the opportunity isn't there. Have a plan. Understand what it is you want to see. Understand what it is you want to trade and wait patiently until that opportunity arises. Do not try and force trading. It will only result in one way and it will not result in you achieving the goals that you want to achieve. Start small, then grow - I witness day in day out, traders just trying to get onto big accounts because they believe if they had more money they would achieve better results. They build the most complex strategies and trade four different strategies across 12 different assets straight out of the gates. This is not an easy game. This is not an easy money grab. It can generate thousands and thousands of dollars if done right. But it has to be done right. The learning process is the exact same. Start small, be a niche trader focused on a few manageable goals. Results will come in time. If you trade according to your trading plan you've remained disciplined and you do everything I spoke about today, you will see improvements and progress. Set goals, realistic goals that have nothing to do with profit and loss, but have everything to do with being a consistent, self disciplined trader and you will see returns come in the long run. If you develop the foundations to being a profitable trader, the profits will be delivered once you get a greater understanding of what needs to be done. I wish you all great success and cannot wait to hear about your consistency in trading!
Education
by the5erstrading
69
No Strength In Bulls | More Supply Than Demand & Extreme FearThe bulls are getting Week & I can't see much strength in the bulls. Bulls have to show strength otherwise we may test 30k Zoon or can go Even Below. Fear & Greed Index is also dropped below 20. At this stage, I can see extreme supply is hitting on the bids side & bulls are getting weaker and weaker. It's just a medium-term overview of the market. I will not enter the market until I see bulls reclaiming control. My ONE Line Suggesting is : Don't try to predict the bottom & never try to catch a falling knife.
by VcTradingMethod
19
LET'S LEARN TOGETHERTradingview is all about sharing your ideas and knowledge with like-minded people. Sometimes we all get caught up with the trading part and forget that it's a learning journey no matter what your experience level on the market is. As a way for everybody to take a step back and look around, we decided to create this thread where each of you can share your trading routine and any tips. Something you might think is insignificant might change somebody's trading journey for good! A lot of you have been supporting us with coins! We make enough through trading, thus, we'll try to give back to people with the most helpful tips through the coins we have. For instance, here are some tips Investroy analysts use on a daily basis: 1) Before making an entry on a larger time frame, we always check M15 or lower to make sure we don't have any micro-reversal patterns being created 2) We don't enter trades on Fridays 3) NOT RISKING MORE THAN 1% ON A SINGLE TRADE (NO MATTER HOW JUICY THE OPPORTUNITY IS) 4) Always waiting for confirmations (specific candle to close) before executing a reversal trade on major support or resistance TradingView has a lot really experienced and intelligent traders, we're hoping they also join this post to share their wisdom with the people who are just starting their long (hopefully profitable) journey. All the best, my friends! Let's make the most out of our great platform!
OANDA:XAUUSD
by Investroy
34
#BTC #Bitcoin AnalysisFollowing the breakout of the bullish triangle at the $ 19,500 level, it reached the top of the channel at $ 23,650, where it was rejected forming a descending triangle pattern, which has been broken to the upside. In turn, a small bullish channel (light green color) has been formed driven by the support of the 50 moving average in 1 hour ranges, which has been rejected a moment ago, next to the support of the range $ 23,200 - $ 23,300 . The price may lateralize a bit as an accumulation process before continuing with a new rise and another retest of the upper part of the external bullish channel (light blue color). Likewise, be careful with your risks, the market is volatile, and every big bullish move has its correction.
Long
by jumperstars
EURUSD long - Supply Demand - h4 - Trading Plan (Bonus)Hello Traders! On EU we pushed lower. We did not hit my target for EU, but in my opinion we will hit it. Price now mades a correctional move. We could still go down to the Demand before pushing higher to the Supply Zone. Also it is possible that price will reverse soon to go up. Simply hold your positions if you entered this week at the Demand Zone. And respect your SL that you have put. Follow your trading plan. It is very important to have your own Trading Plan and to strictly follow it. Otherwise you do not have rules to follow and you can not track if your strategy is profitable. You can use the same Analysis like the best Traders but if you are not following it by a strict trading plan with proper R:R, not changing SL, ... then you will not be profitable. That was my Idea and I hope you liked it. Please leave a LIKE if you like the content. In the comment section you can share your view and ask questions. Thank you and we will see next time - Darius.
Long
by DariusFxTrading
📃 Trading plan 📃 ☝🏻The basis of any action on the market is a well-designed trading plan (TP). 👉🏻The basic rule is never trade without a plan, and when you have done TP, never break it. Work without a plan leads to randomness and spontaneity of actions subject to emotions.🙅🏻‍♀️ ❗❗Before opening a position, you must determined :❗❗ 📌position opening price 📌open position size 📌stop loss order 📌take profit order 👉🏻That's necessary in order to determine the possible risk / win ratio. ⭐⭐A trading plan should uniquely determine the actions of a trader in two scenarios: 1. Price moves opposite the open position 2. Price moves towards an open position ❗ A trading plan is drawn up before a position is opened, when a trader is in a balanced emotional state and can adequately think. ❗ After opening a position, you should follow the trading plan very accurately and not allow yourself to make changes to it during the course of trading. ❗ After closing the position, an analysis of the results is carried out, the optimality of actions is evaluated, and conclusions are drawn for the future. ❗ Trading does not end when you close your position. ❗You must analyze it and learn from it. ❗ After closing a position, many players forget about it and start looking for the next deal. ⚡Don't miss the essential elements of the path to the level of a professional trader - analysis of the past and introspection.⚡ Write down your trading plan. Write down the reasons for the exit and what you did right and what is wrong. You will receive a history of your transactions and thoughts in pictures. This journal will help you learn from past experiences and discover gaps in your thinking. 💪🏻Don't forget about self-development!!!!💪🏻 💙If my post was interesting for you, don't forget to put me like and write your thought!!!💛 Your Rocket Bomb🚀💣
BITSTAMP:BTCUSDEducation
by RocketBomb
20
EUR/USD-->The most lovely but WTF Hey traders , I'ts ironic how many times this currency pair burned me, but when i see one of my firstly post here it was the reversal H&S in the Daily and Weekly time frame in Euro/Usd , I feel justified. So, lets go straight to our chart, we Trend is obviously Down, the important rule of "We don't trade against the main trend" Its correct and this is an example of what trading scenario(plan) you have to apply in this cases.Therefore, we are looking for best entry that could be in the yellow levels that you can see clearly in the chart. In addition, the bearish pressure that forced the price to smash the support (strong) level its visual with a clear eyes. If you go back in the chart you can find many -Point A- like the nice open blue that I have drawn for you. From the price action analysis resulting that the price may reach the previous support (now became resistance) and go even more further. Thus, we are looking to take short strategy in order to take profit the stop losses and take profits levels will be adapted but the main idea is this that I mentioned above. The reason that we don't trade against in main trend you will find out why if you join in to this trade. I will try if you want to read me, to put some indicators in the cases that we need the past data to analyse and confirm our trading moves but not for now. If you agree give me Like to motivate me. My name is John Vasilopoulos Instagram: john_vasilo Thank you .
Short
by UnknownUnicorn3549910
1
Sniping BTC - Short/Long/Short STRATEGY, Simple trading planSimple strategy: 1. Assume you are wrong. 2. Remember - we are in a bear market. 3. Reversed head and shoulders pattern is forming on 4H indicating a possible temporary trend reversal. 4. According to strategy, there is a possibility of a positive pattern recognition if 3600 levels are not tested. 5. Invest 1% of capital on 5x leverage at $3668.9 (enter trade) 6. Set up a stop-loss at 3600. 7. If stop-loss is reached, do not enter the market until any of the top/bottom levels mentioned in this analysis is reached. 7. Take 50 % profits at T2 ($4364.7) 8. Move stop-loss to $3944.7 9. Exit trade at $5247.8 10. Move 30% of profits to hardware wallet, pay out 30% of profits to a bank account, re-invest remaining 40% of profits in the future. This is not financial advice - I'm simply looking for my own mistakes. Let's collaborate & make it work ...together.
BITFINEX:BTCUSDLong
by crypto_poet
5