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BSV. Becareful of breakouts. Watch out!Hello friends, I hope you're all well. I've been thinking of making SWOT and technical analysis videos for crypto and stocks. I really enjoy the fundamental analysis part, it's the wetstone used for sharpinng a dull knife(Decision), the technical part is the polishing of the knife(precision). Okay so, Bsv is pushing up slowly, and Btc is fluctuating around $10,000. Today I wanted to mention something that is against popular belief. In my chart it says, 'Don't buy breakouts(b/o) or resistance', it's means never buy when it's up. There is absolutely no benefit at buying at breakouts or before the resistance, because my question is, if I thought Bsv was going to go UP, why didn't I buy it at a lower price? If I bought it during Aprils lows, that low entry trade would reduced my risk of it going lower, because Bsv was already oversold. When I was a new trader, I was always taught by 'Gurus' to buy at B/O, everytime I did, it reversed against me, it would go back down. Breakouts are so risky and it reduces your profit margin. Lets assume we bough at #1 instead, having a long position there, that entry level would reduce our risk because it's near the bottom, and it would increase our profit margin because it's so far from resistance @ #2. This is the knowledge behind the golden rule 'buy low, sell high'. I feel so childish to had kept buying at upward B/Os. If I think Bsv is going up(Fundamental research kicks in), I'll buy Bsv in the dip. I never get in at the top no matter what, cause that reversal is a bigggg risk, and profit margin has been reduced. Other than that, there isn't much going on besides increased Bsv utility usage, and Btc halving is in a couple of days. I think Bsv may do a fake B/O to the top then drop. My emotions are under control, I only buy dips and sell rallies, and I always average dollar cost or sell, so I get the lowest or highest average rate )). This my style and I haven't had a losing trade for a while. If you want more information, you can always ask me, I'm okay with it. I hope some of you found this information valuable, I would assume many of you probably already knew it. Please like, share and follow. It means a lot to me. I'll keep you posted if the stocks or crypto make any drastic moves. Have a good one. ))
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by JacobTrader100
BTCUSD, 60 - Where's it Going?This has to be a quick update as I think the price is IMMINENTLY about to explode, one way or the other. We've got an almost perfectly symmetrical triangle formed on the 1h chart after the big run-up the other day. This generally means confusion and un-certainty within the market and analysts can struggle at this point to know which way the move is going! It will break out, it will break out very soon. Up or Down is anyone's guess! If we had to call it - we'd go Long at this point, based on two factors, the fact that the recent general trend is Bullish, and with the halving approaching quickly many people are going to be jumping on the Bitcoin wagon! Simple supply/Demand! Good Luck & Happy Trading! -theCrypster
KRAKEN:BTCUSD
by theCrypster
Eth 15m Push to $225Ethereum on the 15m chart is currently tickling a nice strong trend line, now's a good time for a long order! It looks like there's some minor resistance at $214 and $218 but not enough to keep it from hitting $225. On from there would be $240, then who knows!? If that trend line were to be broken we'd experience a fall all the way down to the low $190's - so keep your eyes peeled, a deflection off the trend line, price goes to $225. A Close below trend line, down to $190.
KRAKEN:ETHUSDLong
by theCrypster
2
Where is BTC Going After that Surge?Hey all - That was quite a dramatic last few days, luckily we had Long positions both on our Daily Tipster and Intra-Day Scalper! Plenty of green for us with Bitcoin, Ethereum, Litecoin and ETC! (We missed DASH - but it hasn't gained as much anyway!) So let's look at the King of Crypto, Bitcoin, where's it heading now? Carry on up to $9800, $10,400? Or back down to $8000 as if nothing has happened! Is this the start of the Bull Run we've been waiting for? Or simply reverting to mean after the big drop experienced at the start of March? The gains could also be an Organized FOMO Rally by big players, tempting smaller traders in using the Halving as a catalyst/panacea to their trading needs; only to wipe them out with a big drop due to over-extension and not enough genuine support. Who knows? We can all speculate about where the price is heading next, we still believe we're on for $11-12,000 by the halving in early-mid May, and given what's happened in the last 48 hours - we're getting closer! From here, we can see the price of BTC tickling $9,000 for a good few hours, maybe even a day or so. From there we'll be looking at a quick rise to $9800 - or a sharp fall to $8200. We're just not sure... what do you think? Good Luck & Happy Trading -theCrypster
KRAKEN:BTCUSD
by theCrypster
#Bitcoin Final Ascending TriangleI knew we were inside an ascending triangle but smaller timeframe moves are really full of wicks finally went on daily TF to chart this & picture can't be more clear What do you think will it break up or down? leave a comment ;) either we break up from here or down, wait for the retest before entering just how we did for ETH - waiting for a retest is hard when price is moving & you miss on the initial gains, but that is the safest bet! if you are a risk-taker then you can enter a short here but your so will be above 7500 I see possible double top here as well, no diversion on charts yet I will keep updating timeline with possible trade you can also use Leverage on Bitmex - FTX or bybit to multiply your profits but remember Leverage Trading is HIGH RISK So is Crypto trading & that's why I am legally obliged to say #DYOR remember I am not a financial advisor & this are all just my thoughts :) make sure to leave a comment & if you agree then hit that thumbs up Do not forget to check out other ideas & do share it with your friends :)
by TradingV2
Bitcoin --State of Things On the 4-hour time frame, bitcoin is getting squeezed between the 21 day ema and the 200 ma. On the hourly time frame, a pattern which looks to be a symmetrical triangle has formed. If bitcoin could break through the four-hour 200 ma, that would set up a potential golden-cross. On the larger time frames, bitcoin is in an ascending channel, ranging for now. More bearishly, price could be forming a bear-flag pattern on the weekly. I'll keep you updated on that and speak more about the long-term-outlook soon.
GEMINI:BTCUSD
by Veneficus