$EOS
Ran lows in blue most likely going for red highs and anything trading above mid range is all longs. Alerts set.
https://www.tradingview.com/x/MNs917HF/
Ran lows in blue most likely going for red highs and anything trading above mid range is all longs. Alerts set.
https://www.tradingview.com/x/MNs917HF/
๐ธHashed Education๐ธ
It's a new year in 3 days and the market is going sideways. A typical day in the crypto sphere. We decided why not use this opportunity to teach you all about one of most important aspects of being a day trader.
Keep in mind that if you use a position size for your trades, RISKING only 1% of your Portfolio per trade aiming for a RISK:REWARD of 1:3, your Breakeven Win Rate is 25%...
This means that you can actually lose 75 times out of 100 trades and win only 25 without being in loss. You would break even.
If you improve your win ratio to 50 winning trades out of 100 (still aiming for 1:3 R:R) and lose same amount of trades (50), you will still double up your portfolio which will be 100% up!!!
Let's do the math (this is not a compound strategy example):
My portfolio is worth $10,000. I want to make 100 trades with R:R=1:3 so 1% RISK ($100) to win 3 times REWARD ($300).
First 50 trades are winners then the other 50 trades are losers.
๐ Portfolio = $10,000
๐ 50 win trades * $300 = $15,000
๐ช 50 losers trades * $100 = -$5,000
๐ค $10,000+$15,000-$5000= $20,000 (My portfolio is now 100% UP and I lost 50 trades out of 100!!!)
Learning Outcome: Losing a trade is NOT the end of the world if you are following a plan with a risk management and a position sizing strategy!
@hashedplutus Baby!
It's a new year in 3 days and the market is going sideways. A typical day in the crypto sphere. We decided why not use this opportunity to teach you all about one of most important aspects of being a day trader.
Keep in mind that if you use a position size for your trades, RISKING only 1% of your Portfolio per trade aiming for a RISK:REWARD of 1:3, your Breakeven Win Rate is 25%...
This means that you can actually lose 75 times out of 100 trades and win only 25 without being in loss. You would break even.
If you improve your win ratio to 50 winning trades out of 100 (still aiming for 1:3 R:R) and lose same amount of trades (50), you will still double up your portfolio which will be 100% up!!!
Let's do the math (this is not a compound strategy example):
My portfolio is worth $10,000. I want to make 100 trades with R:R=1:3 so 1% RISK ($100) to win 3 times REWARD ($300).
First 50 trades are winners then the other 50 trades are losers.
๐ Portfolio = $10,000
๐ 50 win trades * $300 = $15,000
๐ช 50 losers trades * $100 = -$5,000
๐ค $10,000+$15,000-$5000= $20,000 (My portfolio is now 100% UP and I lost 50 trades out of 100!!!)
Learning Outcome: Losing a trade is NOT the end of the world if you are following a plan with a risk management and a position sizing strategy!
@hashedplutus Baby!
$ETH
ETH bias is pretty flat.
H4 Market structure break with retest of supply in grey and reject.
PA has been choppy will prob get some volatility closer to yearly close.
https://www.tradingview.com/x/bdQ96XsA/
ETH bias is pretty flat.
H4 Market structure break with retest of supply in grey and reject.
PA has been choppy will prob get some volatility closer to yearly close.
https://www.tradingview.com/x/bdQ96XsA/
Keep a close eye on the shorts. These are scalps so we need to act quick if the market decides to shut on us.
Take a close here on the shorts. Risk Reward doesn't seem to be at the best. Market sentiment is wobbly. Watch out for some wick action.
๐Market Update๐
Trading conditions have been really poor throughout the month. Low volume on Altcoins and price stagnation on BTC results in a very slow market. Slow can be dangerous, with many false breakout signals, developing trading ranges and bleeding prices with support levels failing one after the other.
It's hard to recognize it for what it really is, but what we saw back in October November was an "Alt season" so to say, and most of the market has been cooling down ever since.
For our Smashing Watchlist. We are up this month! We selected a few nice assets to trade and although they all have not performed until now, Half the list has brought in just over 90% in the last 15days. The first target on $QTUM the two targets on $WAVES and the first target on $ETC were all great trades.
Trading conditions have been really poor throughout the month. Low volume on Altcoins and price stagnation on BTC results in a very slow market. Slow can be dangerous, with many false breakout signals, developing trading ranges and bleeding prices with support levels failing one after the other.
It's hard to recognize it for what it really is, but what we saw back in October November was an "Alt season" so to say, and most of the market has been cooling down ever since.
For our Smashing Watchlist. We are up this month! We selected a few nice assets to trade and although they all have not performed until now, Half the list has brought in just over 90% in the last 15days. The first target on $QTUM the two targets on $WAVES and the first target on $ETC were all great trades.
๐ Trade Update ๐
๐ $WAVES/BTC - View Chart
๐ธ Status: Waves went on to trigger our second target. A wooping 68% profit on that order. This target was missed by the narrowest of margrins a week or two ago when it was doing the intitial run. This victory would have been much sweeter if we made that profit is less time.
๐ธ Current Price: 0.0001485
Entry: 0.00008450
๐ฏTake Profit: 0.0001045, 0.0001425
โคด๏ธ Stop: Closed
๐ $WAVES/BTC - View Chart
๐ธ Status: Waves went on to trigger our second target. A wooping 68% profit on that order. This target was missed by the narrowest of margrins a week or two ago when it was doing the intitial run. This victory would have been much sweeter if we made that profit is less time.
๐ธ Current Price: 0.0001485
Entry: 0.00008450
๐ฏTake Profit: 0.0001045, 0.0001425
โคด๏ธ Stop: Closed
๐ Trade Update ๐
๐ $ETC/BTC - View Chart
๐ธ Status: ETC has started coming back to live, cashing in our targets slowly but surely. Its rare to find a winning trade in this market and ETC has come through for us this dry market.
๐ธ Current Price: 0.0006321
Entry: 0.0005355
๐ฏTake Profit: 0.0006150, 0.0007145
โคด๏ธ New Stop: 0.0005910
๐ $ETC/BTC - View Chart
๐ธ Status: ETC has started coming back to live, cashing in our targets slowly but surely. Its rare to find a winning trade in this market and ETC has come through for us this dry market.
๐ธ Current Price: 0.0006321
Entry: 0.0005355
๐ฏTake Profit: 0.0006150, 0.0007145
โคด๏ธ New Stop: 0.0005910
$ADA
Game plan remains the same.
Look for shorts at H12 breaker and longs on a break of range high.
https://www.tradingview.com/x/oGiHrYSN/
Game plan remains the same.
Look for shorts at H12 breaker and longs on a break of range high.
https://www.tradingview.com/x/oGiHrYSN/
$TRX
Reclaim of 190+ for a long and short a break down and retest down to 165-170
https://www.tradingview.com/x/Oe6KVmid/
Reclaim of 190+ for a long and short a break down and retest down to 165-170
https://www.tradingview.com/x/Oe6KVmid/
$LTC
Completely out of range with new yearly lows.
Would long a H12 MS shift to 2018 pivot.
https://www.tradingview.com/x/19zjoYdc/
Completely out of range with new yearly lows.
Would long a H12 MS shift to 2018 pivot.
https://www.tradingview.com/x/19zjoYdc/
$EOS
Still looking at highs in red for a short and or reclaim of mid EQ for a long.
https://www.tradingview.com/x/WDPIL9tr/
Still looking at highs in red for a short and or reclaim of mid EQ for a long.
https://www.tradingview.com/x/WDPIL9tr/
$XRP
Simpler setup for cripple.
Lows below along with demand in Grey. Sweep+ tap for a long.
https://www.tradingview.com/x/FmQJklFL/
Simpler setup for cripple.
Lows below along with demand in Grey. Sweep+ tap for a long.
https://www.tradingview.com/x/FmQJklFL/
$BTC
Another option Iโm looking at.
Range low tap or deviate with close above and Iโm long.
https://www.tradingview.com/x/K9KxNmdL/
Another option Iโm looking at.
Range low tap or deviate with close above and Iโm long.
https://www.tradingview.com/x/K9KxNmdL/
Hashed Plutus (Crypto Signals, Technical Analysis, Education and News)
Exchange: ByBit/BitMex Coin: XBT/USD Entry at 7120 - 7220 Sell at 7005 - 6893.5 - 6782.7 - 6609.5 Remember to open SHORT position! Use 5x or cross leverage (2 - 5% balance) Stop Loss : Above 7317
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Hashed Plutus (Crypto Signals, Technical Analysis, Education and News)
Exchange: ByBit/BitMex Coin: XBT/USD Entry at 7120 - 7220 Sell at 7005 - 6893.5 - 6782.7 - 6609.5 Remember to open SHORT position! Use 5x or cross leverage (2 - 5% balance) Stop Loss : Above 7317
A trade that I slept on. That's the kind if insurance you need to have tied with the analysis.
Huge red candle to $6856 and showed a quick reaction. Two targets cleaned. I see some more red coming in soon. Will drop another short in a bit.
Huge red candle to $6856 and showed a quick reaction. Two targets cleaned. I see some more red coming in soon. Will drop another short in a bit.
$GOLD
High taken on gold. Going to wait for some fake out + deviation above before break down and shorting.
FA pretty bullish on gold so not taking an early trigger.
https://www.tradingview.com/x/p6R2eDTO/
High taken on gold. Going to wait for some fake out + deviation above before break down and shorting.
FA pretty bullish on gold so not taking an early trigger.
https://www.tradingview.com/x/p6R2eDTO/