👆👆👆👆👆👆
Trading channels can be very lucrative, you just need the how and where to trade them.
If price is inside an ascending channel, you should only look to place buy orders. You should be looking to be placing them when price hits the bottom of the channel and there should be bullish confirmation, maybe a bullish engulfing candlestick.
When price breaks out of an ascending channel you should only be looking to be placing trades when price breaks below the channel and not above. Most times when price breaks above an ascending channel its a fake out! When price breaks below a channel, you should be placing sell orders when price retests the channel.
When price is inside a descending channel you should only be placing sell orders. you should be looking to place them when price reaches the top of the channel and forms a bearish confirmation. A bearish engulfing candle would be a perfect entry trigger. When price breaks out of a descending channel you should only place a trade when it breaks t
Trading channels can be very lucrative, you just need the how and where to trade them.
If price is inside an ascending channel, you should only look to place buy orders. You should be looking to be placing them when price hits the bottom of the channel and there should be bullish confirmation, maybe a bullish engulfing candlestick.
When price breaks out of an ascending channel you should only be looking to be placing trades when price breaks below the channel and not above. Most times when price breaks above an ascending channel its a fake out! When price breaks below a channel, you should be placing sell orders when price retests the channel.
When price is inside a descending channel you should only be placing sell orders. you should be looking to place them when price reaches the top of the channel and forms a bearish confirmation. A bearish engulfing candle would be a perfect entry trigger. When price breaks out of a descending channel you should only place a trade when it breaks t
DeFi coins are trending, but that is a scary beginning of hour candle 😱
💡 DeFi Index combines charts of KNC, LEND, MKR, KAVA, ZRX, LRC, REN, REP, BNT, SNX and COMP (each coin is weighted equally). You can trade it at FTX exchange (co-owned by Binance) with up to 100x leverage.
@AllTimeHighTraders #Altcoins #Index #FTX
💡 DeFi Index combines charts of KNC, LEND, MKR, KAVA, ZRX, LRC, REN, REP, BNT, SNX and COMP (each coin is weighted equally). You can trade it at FTX exchange (co-owned by Binance) with up to 100x leverage.
@AllTimeHighTraders #Altcoins #Index #FTX
📉 Daily Bitcoin chart review 📈
After hitting our target at 9750 BTC moves according to yesterday forecast to re-test 9450 zone (might dip lower to 9350). Price reaction to that zone will define the following days.
Keep in mind that Bitcoin traders and investors are braced for more than 100,000 bitcoin options totaling $930 million to expire on June 26 - nearly 70% of bitcoin’s entire open interest (link). Therefore we may expect a HUGE volatility coming. Hold your pants 💩
🟥 9745 ✅ 9880 - 10000 - 10222 - 10500 - 11444
🟩 9450 - 9360 - 9290 - 9050 - 8888 - 8666
😱 Fear & Greed index: 50 (<= 41 <= 38 <= 37)
👑 BTC Dominance: 64.6% (<= 64.7 <= 64.6 <= 64.7)
⚙️ 24h Volume: $63 billion (<= 71 <= 59 <= 58)
Other: 🔪 Scalping 💷 Forex 🐦 Twitter
Ref links: ByBit | Binance | FTX | Bitmex
@AllTimeHighTraders #BTC #Bitcoin (TradingView)
After hitting our target at 9750 BTC moves according to yesterday forecast to re-test 9450 zone (might dip lower to 9350). Price reaction to that zone will define the following days.
Keep in mind that Bitcoin traders and investors are braced for more than 100,000 bitcoin options totaling $930 million to expire on June 26 - nearly 70% of bitcoin’s entire open interest (link). Therefore we may expect a HUGE volatility coming. Hold your pants 💩
🟥 9745 ✅ 9880 - 10000 - 10222 - 10500 - 11444
🟩 9450 - 9360 - 9290 - 9050 - 8888 - 8666
😱 Fear & Greed index: 50 (<= 41 <= 38 <= 37)
👑 BTC Dominance: 64.6% (<= 64.7 <= 64.6 <= 64.7)
⚙️ 24h Volume: $63 billion (<= 71 <= 59 <= 58)
Other: 🔪 Scalping 💷 Forex 🐦 Twitter
Ref links: ByBit | Binance | FTX | Bitmex
@AllTimeHighTraders #BTC #Bitcoin (TradingView)
Do you know what the different type of charts are?
If you don’t keep on reading…
Renko: Renko charts are designed to filter out minor price movements to make it easier for traders to focus on important trends.
Candlesticks: Candlestick charts are used by traders to determine possible price movement based on past patterns. Candlesticks are useful when trading as they show four price points (Open, Close, High and Low) throughout the period of time the trader specifies.
Heiken Ashi: Heiken Ashi means “Average Bar” in Japanese. The Heiken Ashi technique can be used in conjunction with candlestick charts when trading to spot market trends and predict future prices.
Line: A Line chart gives traders a clear visualisation of where the price of an instrument has travelled over a given time period. Because line charts only show closing prices, they reduce noise from less critical times in the trading day, such as the open, high and low.
@AllTimeHighTraders #education
If you don’t keep on reading…
Renko: Renko charts are designed to filter out minor price movements to make it easier for traders to focus on important trends.
Candlesticks: Candlestick charts are used by traders to determine possible price movement based on past patterns. Candlesticks are useful when trading as they show four price points (Open, Close, High and Low) throughout the period of time the trader specifies.
Heiken Ashi: Heiken Ashi means “Average Bar” in Japanese. The Heiken Ashi technique can be used in conjunction with candlestick charts when trading to spot market trends and predict future prices.
Line: A Line chart gives traders a clear visualisation of where the price of an instrument has travelled over a given time period. Because line charts only show closing prices, they reduce noise from less critical times in the trading day, such as the open, high and low.
@AllTimeHighTraders #education
Two 4H candles in a row dumped all the way to lower green support zone at 9250-9300. No long wicks that would promise strong bounce, but we may expect it in any case at least to 9450-9500. Growing above (close above) may be a bullish sign, but we won't know it until tomorrow as it requires at least 3 more complete 4H candles.
Falling below 9250 will start a bloody waterfall down to 8700-8900.
@AllTimeHighTraders #BTC #Bitcoin
Falling below 9250 will start a bloody waterfall down to 8700-8900.
@AllTimeHighTraders #BTC #Bitcoin
📉 Daily Bitcoin chart review 📈
Yesterday forecast for re-test of 9130-9200 zone done - hit 9188 ✅ If it won't bounce from 9030-9055 zone we may expect dump to ~8888 and pump to 9100-9300. Bearish scenario - continuation of current downtrend with falling lower to ~8666 area and below.
CME Futures opened without gaps, so no hints there. Mid term forecast stay the same - dump to ~8500 / 7100 or pump to ~9450 / 11400.
🟥 9200 - 9300 - 9450 - 9600 - 9745
🟩 8888 - 9816 - 8666 - 8530 - 8300
😱 Fear & Greed index: 41 (<= 40 <= 43 <= 40)
👑 BTC Dominance: 64.9% (<= 64.8 <= 64.5 <= 64.4)
⚙️ 24h Volume: $54 billion (<= 62 <= 57 <= 73)
Other: 🔪 Scalping 💷 Forex 🐦 Twitter
Ref links: ByBit | Binance | FTX | Bitmex
@AllTimeHighTraders #Bitcoin (TradingView)
Yesterday forecast for re-test of 9130-9200 zone done - hit 9188 ✅ If it won't bounce from 9030-9055 zone we may expect dump to ~8888 and pump to 9100-9300. Bearish scenario - continuation of current downtrend with falling lower to ~8666 area and below.
CME Futures opened without gaps, so no hints there. Mid term forecast stay the same - dump to ~8500 / 7100 or pump to ~9450 / 11400.
🟥 9200 - 9300 - 9450 - 9600 - 9745
🟩 8888 - 9816 - 8666 - 8530 - 8300
😱 Fear & Greed index: 41 (<= 40 <= 43 <= 40)
👑 BTC Dominance: 64.9% (<= 64.8 <= 64.5 <= 64.4)
⚙️ 24h Volume: $54 billion (<= 62 <= 57 <= 73)
Other: 🔪 Scalping 💷 Forex 🐦 Twitter
Ref links: ByBit | Binance | FTX | Bitmex
@AllTimeHighTraders #Bitcoin (TradingView)
What is going on in the investment world?
In the next couple weeks, you should see an additional stimulus package of $1T-3T. Before Halloween, you should see the Boeing Max approved for flight (Of all the lemonade stands in the US, Boeing is the most important and the largest contributor to our GDP) And, until the Gov stops paying people to be unemployed, people are the richest they have been in 24 years (in terms of free cash). These are 3 really strong reasons to stay invested. However, there isn’t much good news beyond these things and the inevitable vaccine for CV19....and sports eventually resuming....
October is going to be very challenging for society. It is the worst month for hospitals as flu and back to school illnesses flourish. It is when CV19 is projected to ramp up, and it is the month before the Election. Widespread protests are being planned nationwide by anti Trump people and black lives matter. The degree of severity can increase if the current administration provokes it.
Do not expect a vaccine prior to year end. Expect bankruptcies, divorces, domestic violence, and suicide to increase. Expect foreign adversaries to continue exploiting the US vulnerability. Expect widespread shortages in numerous goods and substantial inflation (what do you expect when people have lots of cash and shelves are bare?)
If you think you can “sit out of the game”, you need to consider the high inflation that printing cash can cause. If inflation climbs to 9% (currently at 2%), you will be losing 9% a year in spending power. If you think stocks are expensive right now, imagine if we printed $4T to $7T (which we just did) in the 1970s....we would have moved our economy to the size it was in the 1990s in months....which we did.
BY the way, July 15 is deadline for Roth contributing for 2019 (doesn’t matter how much you make (Google “back door roth”)) and with 2 tax proposals of 70% taxes, it is foolish to believe our future tax rates will remain unaffected.
You absolutely should not “sit and hold” through the next 5 months. Elections always cause volatility, but once the process is over, it usually smooths out (regardless of who takes office).
Year round schooling (end school year on 15 NOV and begin at 15 JAN) is gaining traction as summer break only exists to allow our ancestors to work in the fields....
Y'all ready for this blood? some great entry opportunities about to happen
Signal📍BTC/USD|Short| Entry: $9265| Limit Sell| Stop-Loss: $9451|Target 1 : $8561| R:R 1:3.8 |Target 2: $8337 | R:R 1:5 | Leverage : 5x
In the next couple weeks, you should see an additional stimulus package of $1T-3T. Before Halloween, you should see the Boeing Max approved for flight (Of all the lemonade stands in the US, Boeing is the most important and the largest contributor to our GDP) And, until the Gov stops paying people to be unemployed, people are the richest they have been in 24 years (in terms of free cash). These are 3 really strong reasons to stay invested. However, there isn’t much good news beyond these things and the inevitable vaccine for CV19....and sports eventually resuming....
October is going to be very challenging for society. It is the worst month for hospitals as flu and back to school illnesses flourish. It is when CV19 is projected to ramp up, and it is the month before the Election. Widespread protests are being planned nationwide by anti Trump people and black lives matter. The degree of severity can increase if the current administration provokes it.
Do not expect a vaccine prior to year end. Expect bankruptcies, divorces, domestic violence, and suicide to increase. Expect foreign adversaries to continue exploiting the US vulnerability. Expect widespread shortages in numerous goods and substantial inflation (what do you expect when people have lots of cash and shelves are bare?)
If you think you can “sit out of the game”, you need to consider the high inflation that printing cash can cause. If inflation climbs to 9% (currently at 2%), you will be losing 9% a year in spending power. If you think stocks are expensive right now, imagine if we printed $4T to $7T (which we just did) in the 1970s....we would have moved our economy to the size it was in the 1990s in months....which we did.
BY the way, July 15 is deadline for Roth contributing for 2019 (doesn’t matter how much you make (Google “back door roth”)) and with 2 tax proposals of 70% taxes, it is foolish to believe our future tax rates will remain unaffected.
You absolutely should not “sit and hold” through the next 5 months. Elections always cause volatility, but once the process is over, it usually smooths out (regardless of who takes office).
Year round schooling (end school year on 15 NOV and begin at 15 JAN) is gaining traction as summer break only exists to allow our ancestors to work in the fields....
Y'all ready for this blood? some great entry opportunities about to happen
Signal📍BTC/USD|Short| Entry: $9265| Limit Sell| Stop-Loss: $9451|Target 1 : $8561| R:R 1:3.8 |Target 2: $8337 | R:R 1:5 | Leverage : 5x
Altcoin aficionados who dismiss Bitcoin as "old tech" don't have a clue about permissionless progress happening in layers on top of Bitcoin. Such as RGB that allows everything Ethereum tokens can do, and then some - in a fully private and scalable way.
Congratulations to clients of my Trust and subscribers of my channel with signals. I showed you where to open the short and explained you why this small rally was fake to fool the hamsters 🐹🐹🐹
@JOE00Support
@JOE00Support
Good morning everyone.
Only the $9245 order was triggered last night, so the $9265 and $9285 ones remain unfilled.
The price has reached the support lien of the channel in the form of a long lower wick and is currently bouncing.
I would expect a re-test of the middle of the channel, which is currently at $9300 and going up, so the other two orders are expected to be filled.
@JOE00Support
Only the $9245 order was triggered last night, so the $9265 and $9285 ones remain unfilled.
The price has reached the support lien of the channel in the form of a long lower wick and is currently bouncing.
I would expect a re-test of the middle of the channel, which is currently at $9300 and going up, so the other two orders are expected to be filled.
@JOE00Support
Good morning everyone.
The dump occurred early this morning, and the price is now slightly below entry.
The bias here is clearly bearish in my opinion. We can see the huge difference in volume during this mornings dump compared to last nights pump.
Also, it's a good sign for the bears when previous resistance areas fail to act as support after they are broken, as was the case here.
My most likely scenario would be a dump toward the support line of the channel at $9000, followed by a pump (ideally very weak), and then a breakdown from the ascending channel, which would cause a accelerated decrease.
@JOE00Support
The dump occurred early this morning, and the price is now slightly below entry.
The bias here is clearly bearish in my opinion. We can see the huge difference in volume during this mornings dump compared to last nights pump.
Also, it's a good sign for the bears when previous resistance areas fail to act as support after they are broken, as was the case here.
My most likely scenario would be a dump toward the support line of the channel at $9000, followed by a pump (ideally very weak), and then a breakdown from the ascending channel, which would cause a accelerated decrease.
@JOE00Support
Market is too dangerous to enter new positions...im waiting for good conditions. Enjoy some time off the exchanges while I read the charts 😁
I think someone asked me about SXP recently.
It has reached my area of interest at $0.80 (check reply), and really looks to have completed a bearish impulse, or is in sub-wave 5 of wave 5. So I think it should begin correcting upwards soon.
But, with the possible BTC decrease, I would wait for some confirming action first before attempting to long.
It has reached my area of interest at $0.80 (check reply), and really looks to have completed a bearish impulse, or is in sub-wave 5 of wave 5. So I think it should begin correcting upwards soon.
But, with the possible BTC decrease, I would wait for some confirming action first before attempting to long.