💎Elite Crypto Investors💎 (Solid Signals and News Update), [16.05.18 15:35]
Fundamental Side of BTC :
1. 26th May BTC having a Strong News Called MicroBitcoin Hard-Fork
#MicroBitcoin:- Micro Bitcoin aims to encourage Micro-Payments for Bitcoin Holders by Providing a Secure and Sustainable Open Source Community and Ecosystem of Users, Developers, and Miners by means of a Hard-Fork of the Bitcoin Blockchain.
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2. Nasdaq Going to Launch Own Crypto Exchange Where People Can Exchange Fiat Currency into CryptoCurrencies
They Will Be Mostly Focusing on Adding #BTC, #LTC, #BCC, #ETH and 2 More Not Mentioned Yet (May Be XRP and ADA)
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3. #NYSE (NewYork Stock Exchange) Also Will be Developing a Trading Platform Where Investors Can Buy, Hold and Sell Bitcoins..!!
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4. GoldmanSachs also Planning to Start a Trading Platform Where BITCOIN Can Be Traded Against Fiat Currency (USD)
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5. Nomura Bank Announces Crypto Custody Solution For Institutional Investors, a major pain point for Institutional Investors taken care of
Fundamental Side of BTC :
1. 26th May BTC having a Strong News Called MicroBitcoin Hard-Fork
#MicroBitcoin:- Micro Bitcoin aims to encourage Micro-Payments for Bitcoin Holders by Providing a Secure and Sustainable Open Source Community and Ecosystem of Users, Developers, and Miners by means of a Hard-Fork of the Bitcoin Blockchain.
—-------------------------------------------------------------
2. Nasdaq Going to Launch Own Crypto Exchange Where People Can Exchange Fiat Currency into CryptoCurrencies
They Will Be Mostly Focusing on Adding #BTC, #LTC, #BCC, #ETH and 2 More Not Mentioned Yet (May Be XRP and ADA)
—-------------------------------------------------------------
3. #NYSE (NewYork Stock Exchange) Also Will be Developing a Trading Platform Where Investors Can Buy, Hold and Sell Bitcoins..!!
—-------------------------------------------------------------
4. GoldmanSachs also Planning to Start a Trading Platform Where BITCOIN Can Be Traded Against Fiat Currency (USD)
———————————————-
5. Nomura Bank Announces Crypto Custody Solution For Institutional Investors, a major pain point for Institutional Investors taken care of
💡 TRADING TIPS 💡
#BTC/USD Update:
"6541 is a strong S/R level. Price dropped there in 15m(first wick). Everybody was looking there for rebound, because it's a strong S/R level and offers a very good r/r ratio, giving you the possibility to long on retest positioning strict sl. So what is the classic retail trader thinking? "I will long there on retest because I have the possibility to go long with small risk and good leverage. I will put long orders just above 6541 so I'll have more possibilities to see my orders get filled. I will put stop loss strictly under that level because if price goes under it it would mean my thesis is wrong" <— this is linear thinking and legit too, nothing to say, it could be a very good strategy . Now think to be a market maker with huge stack: you want to long there as well because effectively that theory is very good, BUT: You have a huge stack and you have no possibility at all to fullfill your orders at a price near above that level, because if everybody want to long there is almost nobody selling. Market makers know that that kind of thinking process is a global behaviour of all the crowd of retail traders. Now think about this: if they are right many people have sl just under that important level. Market makers have a lot of money and they can't buy everything they want in the moment they decide at the price they prefer, simply because going long exacly there would imply direct price manipulation, market would react too fast to allow them profit from rebound. So the best strategy for them is to try to force price to go down that level where many people is ready to sell, so they can not only buy everything they want but also at a lower price. So they start building sell walls just above that price and to place orders just below. The result is that people that see those walls won't buy there, price drops down and their orders get filled. Not only: many people sell to them but soon realize that the breakdown failed and they have been trapped by wales. Price break up fast that level and now everybody longs on breakup: so you see price go fast up to 6730 and whales have time to take profit there causing long wick.
#BTC/USD Update:
"6541 is a strong S/R level. Price dropped there in 15m(first wick). Everybody was looking there for rebound, because it's a strong S/R level and offers a very good r/r ratio, giving you the possibility to long on retest positioning strict sl. So what is the classic retail trader thinking? "I will long there on retest because I have the possibility to go long with small risk and good leverage. I will put long orders just above 6541 so I'll have more possibilities to see my orders get filled. I will put stop loss strictly under that level because if price goes under it it would mean my thesis is wrong" <— this is linear thinking and legit too, nothing to say, it could be a very good strategy . Now think to be a market maker with huge stack: you want to long there as well because effectively that theory is very good, BUT: You have a huge stack and you have no possibility at all to fullfill your orders at a price near above that level, because if everybody want to long there is almost nobody selling. Market makers know that that kind of thinking process is a global behaviour of all the crowd of retail traders. Now think about this: if they are right many people have sl just under that important level. Market makers have a lot of money and they can't buy everything they want in the moment they decide at the price they prefer, simply because going long exacly there would imply direct price manipulation, market would react too fast to allow them profit from rebound. So the best strategy for them is to try to force price to go down that level where many people is ready to sell, so they can not only buy everything they want but also at a lower price. So they start building sell walls just above that price and to place orders just below. The result is that people that see those walls won't buy there, price drops down and their orders get filled. Not only: many people sell to them but soon realize that the breakdown failed and they have been trapped by wales. Price break up fast that level and now everybody longs on breakup: so you see price go fast up to 6730 and whales have time to take profit there causing long wick.
💡 TRADING TIPS 💡
#BTC/USD Update:
"6541 is a strong S/R level. Price dropped there in 15m(first wick). Everybody was looking there for rebound, because it's a strong S/R level and offers a very good r/r ratio, giving you the possibility to long on retest positioning strict sl. So what is the classic retail trader thinking? "I will long there on retest because I have the possibility to go long with small risk and good leverage. I will put long orders just above 6541 so I'll have more possibilities to see my orders get filled. I will put stop loss strictly under that level because if price goes under it it would mean my thesis is wrong" <— this is linear thinking and legit too, nothing to say, it could be a very good strategy . Now think to be a market maker with huge stack: you want to long there as well because effectively that theory is very good, BUT: You have a huge stack and you have no possibility at all to fullfill your orders at a price near above that level, because if everybody want to long there is almost nobody selling. Market makers know that that kind of thinking process is a global behaviour of all the crowd of retail traders. Now think about this: if they are right many people have sl just under that important level. Market makers have a lot of money and they can't buy everything they want in the moment they decide at the price they prefer, simply because going long exacly there would imply direct price manipulation, market would react too fast to allow them profit from rebound. So the best strategy for them is to try to force price to go down that level where many people is ready to sell, so they can not only buy everything they want but also at a lower price. So they start building sell walls just above that price and to place orders just below. The result is that people that see those walls won't buy there, price drops down and their orders get filled. Not only: many people sell to them but soon realize that the breakdown failed and they have been trapped by wales. Price break up fast that level and now everybody longs on breakup: so you see price go fast up to 6730 and whales have time to take profit there causing long wick.
#BTC/USD Update:
"6541 is a strong S/R level. Price dropped there in 15m(first wick). Everybody was looking there for rebound, because it's a strong S/R level and offers a very good r/r ratio, giving you the possibility to long on retest positioning strict sl. So what is the classic retail trader thinking? "I will long there on retest because I have the possibility to go long with small risk and good leverage. I will put long orders just above 6541 so I'll have more possibilities to see my orders get filled. I will put stop loss strictly under that level because if price goes under it it would mean my thesis is wrong" <— this is linear thinking and legit too, nothing to say, it could be a very good strategy . Now think to be a market maker with huge stack: you want to long there as well because effectively that theory is very good, BUT: You have a huge stack and you have no possibility at all to fullfill your orders at a price near above that level, because if everybody want to long there is almost nobody selling. Market makers know that that kind of thinking process is a global behaviour of all the crowd of retail traders. Now think about this: if they are right many people have sl just under that important level. Market makers have a lot of money and they can't buy everything they want in the moment they decide at the price they prefer, simply because going long exacly there would imply direct price manipulation, market would react too fast to allow them profit from rebound. So the best strategy for them is to try to force price to go down that level where many people is ready to sell, so they can not only buy everything they want but also at a lower price. So they start building sell walls just above that price and to place orders just below. The result is that people that see those walls won't buy there, price drops down and their orders get filled. Not only: many people sell to them but soon realize that the breakdown failed and they have been trapped by wales. Price break up fast that level and now everybody longs on breakup: so you see price go fast up to 6730 and whales have time to take profit there causing long wick.
💡 TRADING TIPS 💡
#BTC/USD Update:
"6541 is a strong S/R level. Price dropped there in 15m(first wick). Everybody was looking there for rebound, because it's a strong S/R level and offers a very good r/r ratio, giving you the possibility to long on retest positioning strict sl. So what is the classic retail trader thinking? "I will long there on retest because I have the possibility to go long with small risk and good leverage. I will put long orders just above 6541 so I'll have more possibilities to see my orders get filled. I will put stop loss strictly under that level because if price goes under it it would mean my thesis is wrong" <— this is linear thinking and legit too, nothing to say, it could be a very good strategy . Now think to be a market maker with huge stack: you want to long there as well because effectively that theory is very good, BUT: You have a huge stack and you have no possibility at all to fullfill your orders at a price near above that level, because if everybody want to long there is almost nobody selling. Market makers know that that kind of thinking process is a global behaviour of all the crowd of retail traders. Now think about this: if they are right many people have sl just under that important level. Market makers have a lot of money and they can't buy everything they want in the moment they decide at the price they prefer, simply because going long exacly there would imply direct price manipulation, market would react too fast to allow them profit from rebound. So the best strategy for them is to try to force price to go down that level where many people is ready to sell, so they can not only buy everything they want but also at a lower price. So they start building sell walls just above that price and to place orders just below. The result is that people that see those walls won't buy there, price drops down and their orders get filled. Not only: many people sell to them but soon realize that the breakdown failed and they have been trapped by wales. Price break up fast that level and now everybody longs on breakup: so you see price go fast up to 6730 and whales have time to take profit there causing long wick.
#BTC/USD Update:
"6541 is a strong S/R level. Price dropped there in 15m(first wick). Everybody was looking there for rebound, because it's a strong S/R level and offers a very good r/r ratio, giving you the possibility to long on retest positioning strict sl. So what is the classic retail trader thinking? "I will long there on retest because I have the possibility to go long with small risk and good leverage. I will put long orders just above 6541 so I'll have more possibilities to see my orders get filled. I will put stop loss strictly under that level because if price goes under it it would mean my thesis is wrong" <— this is linear thinking and legit too, nothing to say, it could be a very good strategy . Now think to be a market maker with huge stack: you want to long there as well because effectively that theory is very good, BUT: You have a huge stack and you have no possibility at all to fullfill your orders at a price near above that level, because if everybody want to long there is almost nobody selling. Market makers know that that kind of thinking process is a global behaviour of all the crowd of retail traders. Now think about this: if they are right many people have sl just under that important level. Market makers have a lot of money and they can't buy everything they want in the moment they decide at the price they prefer, simply because going long exacly there would imply direct price manipulation, market would react too fast to allow them profit from rebound. So the best strategy for them is to try to force price to go down that level where many people is ready to sell, so they can not only buy everything they want but also at a lower price. So they start building sell walls just above that price and to place orders just below. The result is that people that see those walls won't buy there, price drops down and their orders get filled. Not only: many people sell to them but soon realize that the breakdown failed and they have been trapped by wales. Price break up fast that level and now everybody longs on breakup: so you see price go fast up to 6730 and whales have time to take profit there causing long wick.
💡 TRADING TIPS 💡
#BTC/USD Update:
"6541 is a strong S/R level. Price dropped there in 15m(first wick). Everybody was looking there for rebound, because it's a strong S/R level and offers a very good r/r ratio, giving you the possibility to long on retest positioning strict sl. So what is the classic retail trader thinking? "I will long there on retest because I have the possibility to go long with small risk and good leverage. I will put long orders just above 6541 so I'll have more possibilities to see my orders get filled. I will put stop loss strictly under that level because if price goes under it it would mean my thesis is wrong" <— this is linear thinking and legit too, nothing to say, it could be a very good strategy . Now think to be a market maker with huge stack: you want to long there as well because effectively that theory is very good, BUT: You have a huge stack and you have no possibility at all to fullfill your orders at a price near above that level, because if everybody want to long there is almost nobody selling. Market makers know that that kind of thinking process is a global behaviour of all the crowd of retail traders. Now think about this: if they are right many people have sl just under that important level. Market makers have a lot of money and they can't buy everything they want in the moment they decide at the price they prefer, simply because going long exacly there would imply direct price manipulation, market would react too fast to allow them profit from rebound. So the best strategy for them is to try to force price to go down that level where many people is ready to sell, so they can not only buy everything they want but also at a lower price. So they start building sell walls just above that price and to place orders just below. The result is that people that see those walls won't buy there, price drops down and their orders get filled. Not only: many people sell to them but soon realize that the breakdown failed and they have been trapped by wales. Price break up fast that level and now everybody longs on breakup: so you see price go fast up to 6730 and whales have time to take profit there causing long wick.
#BTC/USD Update:
"6541 is a strong S/R level. Price dropped there in 15m(first wick). Everybody was looking there for rebound, because it's a strong S/R level and offers a very good r/r ratio, giving you the possibility to long on retest positioning strict sl. So what is the classic retail trader thinking? "I will long there on retest because I have the possibility to go long with small risk and good leverage. I will put long orders just above 6541 so I'll have more possibilities to see my orders get filled. I will put stop loss strictly under that level because if price goes under it it would mean my thesis is wrong" <— this is linear thinking and legit too, nothing to say, it could be a very good strategy . Now think to be a market maker with huge stack: you want to long there as well because effectively that theory is very good, BUT: You have a huge stack and you have no possibility at all to fullfill your orders at a price near above that level, because if everybody want to long there is almost nobody selling. Market makers know that that kind of thinking process is a global behaviour of all the crowd of retail traders. Now think about this: if they are right many people have sl just under that important level. Market makers have a lot of money and they can't buy everything they want in the moment they decide at the price they prefer, simply because going long exacly there would imply direct price manipulation, market would react too fast to allow them profit from rebound. So the best strategy for them is to try to force price to go down that level where many people is ready to sell, so they can not only buy everything they want but also at a lower price. So they start building sell walls just above that price and to place orders just below. The result is that people that see those walls won't buy there, price drops down and their orders get filled. Not only: many people sell to them but soon realize that the breakdown failed and they have been trapped by wales. Price break up fast that level and now everybody longs on breakup: so you see price go fast up to 6730 and whales have time to take profit there causing long wick.