πͺπ The dynamics in the cryptocurrency market is growing and this creates excellent trading opportunities π. A downtrend prevails, but the intraday price shows good upward impulses π½. At the moment, the price has left the downward channel and is moving in the direction of the first resistance π§ - this is $9,300. With a high probability, bitcoin will be able to overcome this price π§ββοΈ, but moving forward will be more difficult and π² more expensive for buyers.
A huge limit resistance is concentrated at the price of $9,900, and it will be difficult to overcome it without new drivers π. Also, the tension in trade relations between the US and China brings pressure on the price. π£ It's not a secret that many use bitcoin as a means of payment for goods from China, bypassing the banking system π¦. Currently, the trade turnover is declining and the demand for bitcoin is falling π€·οΈ.
π§ Serious medium-term resistance is above $9,900. π The nearest support is at $8,250.
A huge limit resistance is concentrated at the price of $9,900, and it will be difficult to overcome it without new drivers π. Also, the tension in trade relations between the US and China brings pressure on the price. π£ It's not a secret that many use bitcoin as a means of payment for goods from China, bypassing the banking system π¦. Currently, the trade turnover is declining and the demand for bitcoin is falling π€·οΈ.
π§ Serious medium-term resistance is above $9,900. π The nearest support is at $8,250.
π€ When I trade, provided market conditions, I prefer to have my trading account currency and my trading gains in:
Anonymous Poll
56%
BTC
36%
USDT
8%
ETH
ββDay 16
π I missed the impulse up π, but actually I wouldnβt buy there π€, but I donβt want to miss such movements further π. So I should always be in the market π€. To buy even the smallest amount when π the price falls sharply. And to sell even a small amount when it π grows.
π Now the price has grown a lot and sold a small amount at $9118.7. The price wasn't falling and I thought that traders were buying a lot, so I bought at $9142 more than I sold before. The tactics are as follows: if the price rises - I will close the purchase, if the price drops - I will close the sale π. The only question is what to do with the other position π§. Iβll figure this out later π )
π I kind of like shorts, but the fact that the price does not fall is confusing π. I need to be flexible and be able to change my opinion π€ΈββοΈ. The market is contrary to my opinion. Not even that, it moves regardless of my opinion and I need to adapt to that π§ . I'm trying to be flexible π. Meanwhile, everything is wonderful, I'm waiting for Friday to sum the things up π». And I need Bitcoin to go up, I will close the purchase then and let it fall further π)))
ππ I also need to sort out how limit orders, orderbook, supply and demand work. Itβs difficult, but possible πͺ! There is a lack of theoretical base and I understand that I have to devote some time to learn π¨βπ«. But this makes me feel motivated. I am in the flow I wasn't in for a long time. It's even easier to wake up now ππ.
ββExperiment #TraderForAMonth (What is it? Read here -> https://t.me/CEXIOBroker/116)π I missed the impulse up π, but actually I wouldnβt buy there π€, but I donβt want to miss such movements further π. So I should always be in the market π€. To buy even the smallest amount when π the price falls sharply. And to sell even a small amount when it π grows.
π Now the price has grown a lot and sold a small amount at $9118.7. The price wasn't falling and I thought that traders were buying a lot, so I bought at $9142 more than I sold before. The tactics are as follows: if the price rises - I will close the purchase, if the price drops - I will close the sale π. The only question is what to do with the other position π§. Iβll figure this out later π )
π I kind of like shorts, but the fact that the price does not fall is confusing π. I need to be flexible and be able to change my opinion π€ΈββοΈ. The market is contrary to my opinion. Not even that, it moves regardless of my opinion and I need to adapt to that π§ . I'm trying to be flexible π. Meanwhile, everything is wonderful, I'm waiting for Friday to sum the things up π». And I need Bitcoin to go up, I will close the purchase then and let it fall further π)))
ππ I also need to sort out how limit orders, orderbook, supply and demand work. Itβs difficult, but possible πͺ! There is a lack of theoretical base and I understand that I have to devote some time to learn π¨βπ«. But this makes me feel motivated. I am in the flow I wasn't in for a long time. It's even easier to wake up now ππ.
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π broker.cex.io π
π¦Announcing the
all you need to participate is to trade!
π Win ETH-based prizes EVERY WEEK!
π»How:
1οΈβ£ get into one of the 3 nominations with your weekly trading activity;
2οΈβ£ we will select random winners in each nomination on Monday, EVERY week, for the next 4 weeks.
πΎWe have 3 weekly nominations:
πopen more than 50 positions (in any pairs); or
πtrading volume of 20BTC*; or
πtrading volume of 100ETH*.
*If you have 0.1 BTC and open a position with 10x leverage, your volume is 1 BTC.
π₯Make into any category any week and you are in a pool of candidates the prize is raffled amongst!
πPrizes:
π₯A winner in each category will have $30 in ETH added to the trading account. You CAN win multiple times!
πThe first draw is on June 1st for the week of May 25- May 31.
π€Your trades are ALREADY WORKING FOR YOU!
π¦Announcing the
Weekly Activity Contest: all you need to participate is to trade!
π Win ETH-based prizes EVERY WEEK!
π»How:
1οΈβ£ get into one of the 3 nominations with your weekly trading activity;
2οΈβ£ we will select random winners in each nomination on Monday, EVERY week, for the next 4 weeks.
πΎWe have 3 weekly nominations:
πopen more than 50 positions (in any pairs); or
πtrading volume of 20BTC*; or
πtrading volume of 100ETH*.
*If you have 0.1 BTC and open a position with 10x leverage, your volume is 1 BTC.
π₯Make into any category any week and you are in a pool of candidates the prize is raffled amongst!
πPrizes:
π₯A winner in each category will have $30 in ETH added to the trading account. You CAN win multiple times!
πThe first draw is on June 1st for the week of May 25- May 31.
π€Your trades are ALREADY WORKING FOR YOU!
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π₯ HOT NEWS π₯
Now, on broker.cex.io, you can create
π₯ Create ETH-based account in a few clicks (like in the video π₯):
Choose Manage Funds π Click Add Funds π "+Add new account" π Select ETH
π£ More flexibility for your margin trading:
βοΈ Try different strategies
βοΈ Still trade BTC/USD on your ETH-based trading account
βοΈ Make
Now, on broker.cex.io, you can create
ETH-based trading accounts and make deposits not only in BTC but also in ETH!π₯ Create ETH-based account in a few clicks (like in the video π₯):
Choose Manage Funds π Click Add Funds π "+Add new account" π Select ETH
π£ More flexibility for your margin trading:
βοΈ Try different strategies
βοΈ Still trade BTC/USD on your ETH-based trading account
βοΈ Make
free and instant deposits and withdrawals between broker.cex.io and CEX.IOπΆ On 5/29 BTC Futures are expiring on CME! (last Friday of the month)
π’ Always expect high volatility of BTC price on expiration days!
π₯ Best time to trade β> broker.cex.io
π’ Always expect high volatility of BTC price on expiration days!
π₯ Best time to trade β> broker.cex.io
Attempts to change the downward π dynamics appear to be unsuccessful π
ββοΈ. The price runs into π the limit resistance and meets π€π€ the lack of demand from buyers.
Given the low liquidity, π²the price can easily be kept by limit orders in the right places. Now this is happening π.
π According to the broker.cex.io chart, we can see that it is difficult to reach $9,300 level π§, this is a short-term resistance. Let's pay attention to the falling trading volume π. For many traders, this is a call to open shorts π€. But the medium-term resistance with limit supply is still at π $9,900. The downward trend still persists, although the price temporarily gets over the 50th moving β°. This fact is π a call for buying for many βtechiesβ (people who trade according to TA). On their purchases, the price may reach $9,500 level π½ and from there begin to decline ‡οΈ.
Given the low liquidity, π²the price can easily be kept by limit orders in the right places. Now this is happening π.
π According to the broker.cex.io chart, we can see that it is difficult to reach $9,300 level π§, this is a short-term resistance. Let's pay attention to the falling trading volume π. For many traders, this is a call to open shorts π€. But the medium-term resistance with limit supply is still at π $9,900. The downward trend still persists, although the price temporarily gets over the 50th moving β°. This fact is π a call for buying for many βtechiesβ (people who trade according to TA). On their purchases, the price may reach $9,500 level π½ and from there begin to decline ‡οΈ.
ββπ At night I set take profit and stop loss for my purchase. I woke up and the first thing I did - took the phone π± to see what was happening with bitcoin π. Seems like nothing has changed, but when I opened the chart, I saw that the price first went down to π $9,300 and then fell back, so my $9,250 take profit worked πͺ. Then I went to the computer and checked everything π». This is one of the biggest profits π€)) Everything worked like a clock β°! The profit was already in my pocket and π² the price did everything that I needed. It first went to my take profit and then began to fall βοΈ. I decided to wait until it drops even more to close my sell π€. Already 5 profitable trades in a row!!! Five π! Once there are 10 in a row - Iβll tell my friends what Iβm doing πΊπ.
π During the working day, I had a couple of minutes to see what was happening there and π the price changed by $300 βοΈ before my eyes. It is a pity that I did not close my sell at a little loss. π There was info in the channel that the price could fly above $9,300. I was not taken aback and sold another 0.02. But the price did not stop β. I placed another limit sell order π at $9,492. π΅ The price touched $9,500 and did not turn around for a long time. Let's see what will happen next. But I'm a little scared π. I already think if I have enough deposit to wait out the growth and how long it will be. And what to do if it does not stop.. π But if it turns around, then I will earn well π°.
π I looked at the history on the chart and saw that the price can even go up by $1,000 π. Shorts are dangerous now π. But Iβm not going to close positions, it immediately eats up π° all the profit for the week. Now, if I sold more and higher volume, then I would already be back to zero in total according to the results of all transactions. This is by the way a good idea for the future π‘. I need to make notes of such insights! π
π During the working day, I had a couple of minutes to see what was happening there and π the price changed by $300 βοΈ before my eyes. It is a pity that I did not close my sell at a little loss. π There was info in the channel that the price could fly above $9,300. I was not taken aback and sold another 0.02. But the price did not stop β. I placed another limit sell order π at $9,492. π΅ The price touched $9,500 and did not turn around for a long time. Let's see what will happen next. But I'm a little scared π. I already think if I have enough deposit to wait out the growth and how long it will be. And what to do if it does not stop.. π But if it turns around, then I will earn well π°.
π I looked at the history on the chart and saw that the price can even go up by $1,000 π. Shorts are dangerous now π. But Iβm not going to close positions, it immediately eats up π° all the profit for the week. Now, if I sold more and higher volume, then I would already be back to zero in total according to the results of all transactions. This is by the way a good idea for the future π‘. I need to make notes of such insights! π
ββDay 18
πΆToday Iβm in a waiting modeβ¦Have some shorts open - nottinβ new here. No unused margin to open new positions eitherβ¦ Some things can stretch. Margin ainβt one of them.
πPlaced another SELL order at a higher price, but it did not execute yetβ¦ So far, not sure about stop losses and take profits. Man, I wish the price just dumped to $9,000, or lower )). There are PLENTY of sell signals, just gotta let market do its job.
π€But waiting is hard! Weekend is coming and Iβm stuck with my losing positions. Will be worrying and monitoring the chart all Saturday. Well, at this point, things are not up to me.
π Noticed one thing: when you are in a money-losing position, all you see is confirmations that your position is right. ))) I swear, I have not seen a single BUY signal the last two days! π€·ββοΈThey just did not exist!
But my stats are looking OK. I closed my last 5 positions with decent profits. And before that - also pretty good!
β So week 3 results:
Last week I 0.01212877 BTC on balance.
Now my balance is higher πββοΈ, BUT I have unrealized losses. So Iβll look at the Equity instead. My equity is 0.01261.
So plus around 3.9% this week!! πΎ
πWeek 1: +1.2%, Week 2: +4.1%, Week 3: +3.9%.
π Nice dynamic! Three weeks and plus +9.3%.
I am definitely adding more funds to my account next week! As I promised myself, with good results - Iβll add more trading capital to make bigger $$ gainzz. Because what looks nice in percentages better start looking good in absolute numbers too! π€
Experiment #TraderForAMonth (What is it? Read here -> https://t.me/CEXIOBroker/116)πΆToday Iβm in a waiting modeβ¦Have some shorts open - nottinβ new here. No unused margin to open new positions eitherβ¦ Some things can stretch. Margin ainβt one of them.
πPlaced another SELL order at a higher price, but it did not execute yetβ¦ So far, not sure about stop losses and take profits. Man, I wish the price just dumped to $9,000, or lower )). There are PLENTY of sell signals, just gotta let market do its job.
π€But waiting is hard! Weekend is coming and Iβm stuck with my losing positions. Will be worrying and monitoring the chart all Saturday. Well, at this point, things are not up to me.
π Noticed one thing: when you are in a money-losing position, all you see is confirmations that your position is right. ))) I swear, I have not seen a single BUY signal the last two days! π€·ββοΈThey just did not exist!
But my stats are looking OK. I closed my last 5 positions with decent profits. And before that - also pretty good!
β So week 3 results:
Last week I 0.01212877 BTC on balance.
Now my balance is higher πββοΈ, BUT I have unrealized losses. So Iβll look at the Equity instead. My equity is 0.01261.
So plus around 3.9% this week!! πΎ
πWeek 1: +1.2%, Week 2: +4.1%, Week 3: +3.9%.
π Nice dynamic! Three weeks and plus +9.3%.
I am definitely adding more funds to my account next week! As I promised myself, with good results - Iβll add more trading capital to make bigger $$ gainzz. Because what looks nice in percentages better start looking good in absolute numbers too! π€
π€ The price chart is stuck in a technical figure called a triangle πΌ. This is a figure of uncertainty π€ and most traders wait the boundaries of this pattern to be broken through π€ and work in the continuation of the breakdown π€. Most often, the breakdown is carried out by an impulse and it is difficult to miss this moment ππΌ.
The market has tried to break through the upper limit, but it does not turn into an impulse and the movement fades away π₯. This is the so-called false breakdown π. It is worth waiting for the movement to the lower boundary π¬ with the breakdown potential.
Limit supply and demand indicate a predominance of sellers in the market βοΈ, so π° it will be difficult for the price to climb new peaks without new growth drivers β‘οΈ. On the other hand, the limit offer can be taken off and then the price will skyrocket up βοΈπ on the liquidation of short positions. But then, a prolonged fall will most likely follow π€·ββοΈπ
The market has tried to break through the upper limit, but it does not turn into an impulse and the movement fades away π₯. This is the so-called false breakdown π. It is worth waiting for the movement to the lower boundary π¬ with the breakdown potential.
Limit supply and demand indicate a predominance of sellers in the market βοΈ, so π° it will be difficult for the price to climb new peaks without new growth drivers β‘οΈ. On the other hand, the limit offer can be taken off and then the price will skyrocket up βοΈπ on the liquidation of short positions. But then, a prolonged fall will most likely follow π€·ββοΈπ
π¦Do not forget! Tomorrow is a first draw! Last few hours to catch up and get in one of the nominations!π
Forwarded from CEX.IO Broker
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π broker.cex.io π
π¦Announcing the
all you need to participate is to trade!
π Win ETH-based prizes EVERY WEEK!
π»How:
1οΈβ£ get into one of the 3 nominations with your weekly trading activity;
2οΈβ£ we will select random winners in each nomination on Monday, EVERY week, for the next 4 weeks.
πΎWe have 3 weekly nominations:
πopen more than 50 positions (in any pairs); or
πtrading volume of 20BTC*; or
πtrading volume of 100ETH*.
*If you have 0.1 BTC and open a position with 10x leverage, your volume is 1 BTC.
π₯Make into any category any week and you are in a pool of candidates the prize is raffled amongst!
πPrizes:
π₯A winner in each category will have $30 in ETH added to the trading account. You CAN win multiple times!
πThe first draw is on June 1st for the week of May 25- May 31.
π€Your trades are ALREADY WORKING FOR YOU!
π¦Announcing the
Weekly Activity Contest: all you need to participate is to trade!
π Win ETH-based prizes EVERY WEEK!
π»How:
1οΈβ£ get into one of the 3 nominations with your weekly trading activity;
2οΈβ£ we will select random winners in each nomination on Monday, EVERY week, for the next 4 weeks.
πΎWe have 3 weekly nominations:
πopen more than 50 positions (in any pairs); or
πtrading volume of 20BTC*; or
πtrading volume of 100ETH*.
*If you have 0.1 BTC and open a position with 10x leverage, your volume is 1 BTC.
π₯Make into any category any week and you are in a pool of candidates the prize is raffled amongst!
πPrizes:
π₯A winner in each category will have $30 in ETH added to the trading account. You CAN win multiple times!
πThe first draw is on June 1st for the week of May 25- May 31.
π€Your trades are ALREADY WORKING FOR YOU!
ββπ° The price keeps moving in a quite wide range of $8,600- $9,900. The logic π§ is simple - if the price is closer to the upper π limit of the range, then π sales are in priority. If the price is closer to the lower π limit of the range, then π purchases are in priority. γ°οΈ Deals can be filtered using a Stochastic Oscillator, which shows overbought and oversold zones.
π Trading volume declines even in times of high market activity. This indicates a drop in demand and a decrease in π interest in bitcoin. Accordingly, liquidity in the market is falling too π. And this is an opportunity for a sharp price change π.
π€π For those who did not know, this is the standard tactic in all financial markets. The asset is being held by limit orders in the range and this reduces volatility π©βπ«. At low volatility, many tend to increase trading volume π£. And when the traders are deep in the positions, there is a sharp big movement π¦. And many are not ready for it π±.
π² While the price moves in a range, traders take this opportunity using βοΈ flat strategies.
π Trading volume declines even in times of high market activity. This indicates a drop in demand and a decrease in π interest in bitcoin. Accordingly, liquidity in the market is falling too π. And this is an opportunity for a sharp price change π.
π€π For those who did not know, this is the standard tactic in all financial markets. The asset is being held by limit orders in the range and this reduces volatility π©βπ«. At low volatility, many tend to increase trading volume π£. And when the traders are deep in the positions, there is a sharp big movement π¦. And many are not ready for it π±.
π² While the price moves in a range, traders take this opportunity using βοΈ flat strategies.
ππ€π° How do you make trading decisions?
Anonymous Poll
38%
I do Technical Analysis π€π¨βπ«
20%
I read popular traders' Technical Analysis π§π
33%
Intuition is my everything π€·ββοΈπ
8%
Other
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πNomination 1: winner draw
We had 30 participants who made more than 50 positions last week!
π₯And the winner is:
trading account
π¦Trader will get $30 in ETH to trading account!
π€Can YOU get into this nomination this week?
We had 30 participants who made more than 50 positions last week!
π₯And the winner is:
trading account
BTC_up*****928_2π¦Trader will get $30 in ETH to trading account!
π€Can YOU get into this nomination this week?
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π Nomination 2: winner draw
11 participants did over 100ETH turnover last week!
π₯ The prize goes to:
Trading account
π This Trader will get $30 in ETH to the trading account.
π This nomination can be YOURS this week!
11 participants did over 100ETH turnover last week!
π₯ The prize goes to:
Trading account
BTC_up*****377_2π This Trader will get $30 in ETH to the trading account.
π This nomination can be YOURS this week!
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πNomination 3: winner draw
We had 12 traders who did over 20BTC turnover last week.
π₯The winner is: trading account
π» $30 in ETH will go to this trading account really soon!
π This nomination needs YOU this week!
We had 12 traders who did over 20BTC turnover last week.
π₯The winner is: trading account
BTC_up*****172_3 π» $30 in ETH will go to this trading account really soon!
π This nomination needs YOU this week!
ββDay 21
π A terrible weekend π€¦ββοΈ. The price didnβt really go anywhere, but hooked my sell order, the one that was higher π€. Now I have 4 same positions, all for sale π€·ββοΈ. I have money left only for one position πΈ, I dumped my capital a little. Well, equity fell much. So in total, I'm in losses for all positions π₯Ί. During all weekend I was checking π is something had happened or not. I'm feeling down π. The price threw me a strength test π)) It is good that the working week has begun. Finally a good distraction π€.
π I understood my problem, it was necessary not to open positions in the same volumes, but gradually increase π’. The strategy is called Average Down π§. I've read that on one forum. When the price moves in the opposite to my needs direction, I should open a bigger volume position. π€ For example, if I had the first 0.01 position, then the second should be 0.02, and the third - 0.03 or 0.04 (depending on the aggressiveness of the trader). But the ending of this strategy is always the same, if there is little money in the account or volume is too big π¬.
π I decided to do nothing and just wait for the drop πππ. I am currently handing on my mid-term bearish expectations π€))
Experiment #TraderForAMonth (What is it? Read here -> https://t.me/CEXIOBroker/116)π A terrible weekend π€¦ββοΈ. The price didnβt really go anywhere, but hooked my sell order, the one that was higher π€. Now I have 4 same positions, all for sale π€·ββοΈ. I have money left only for one position πΈ, I dumped my capital a little. Well, equity fell much. So in total, I'm in losses for all positions π₯Ί. During all weekend I was checking π is something had happened or not. I'm feeling down π. The price threw me a strength test π)) It is good that the working week has begun. Finally a good distraction π€.
π I understood my problem, it was necessary not to open positions in the same volumes, but gradually increase π’. The strategy is called Average Down π§. I've read that on one forum. When the price moves in the opposite to my needs direction, I should open a bigger volume position. π€ For example, if I had the first 0.01 position, then the second should be 0.02, and the third - 0.03 or 0.04 (depending on the aggressiveness of the trader). But the ending of this strategy is always the same, if there is little money in the account or volume is too big π¬.
π I decided to do nothing and just wait for the drop πππ. I am currently handing on my mid-term bearish expectations π€))
