Here are basic things about a trading setup.

Entry/Target/Stop loss
R:R (RIsk:Reward)

For example: in chart given, R:R = 3.35, you afford to lose 1 to bet to gain 3.35

A good R:R should be greater than 2.

Correlation between win rate and R:R setup. This explains how you should plan your exit strategy. Logarithmically scaling the size down.

https://www.tradingview.com/x/6HxduI4Q/

Bitcoin : Short term scenario and the confluence levels

Hello all, This is my today's analysis about bitcoin. I will share to you about the potential upside moves in the short term to end up the long time and boring distribution movement.

The price is now trending slightly above the upper line of the triangle which means broken out of the upper line is now in play. we've seen that the blue region that is the golden pocket zone has defended the price very well from further drop down. With this broken out action, we can see that the momentum has changed from the neutral bearish to neutral bullish.

The confluence level which has the biggest potential to become strong resistance is the golden pocket which moves in align with the high on July 8th and the higher resistance will be on the 78.6 fib level as the last significant level based on the fibonacci rules and guide lines which also has an alignment with the crucial zone that has the heavy price action in the past.

Upside target remains valid until now, I'll expect an extra spike to the $9577 region for the safe target. But, for the potential of liquidation touch, there still be an upside moves toward the $10000 as the psychological number of resistance.

What a great day indeed

Okay let's address the rumours floating around.

First, the case of matic token having a potential delisting and dump following some mishaps in the tokenomics and moving of vested finds from the team wallet.

There's two ways this will turn out, either it's a baseless accusation and the project will stick around to do wonders forgetting this event as a bad dream or well it's gonna be a nasty nasty short against MATIC. I'm somehow inclined to the latter.

Lookin back at each of these recommendations from last week, here are some charts for you to judge.

For those who don't have a paid Tradingview and can only use 3 indicators from the free version can add this indicator. it will allow you to have the EMA 8, The MA 8, Bollinger Bands, Vwap, Ichimoku Clouds, Support and Resistance lines, TD Sequental all in one indicator. You can select what you want to be enabled or not so they all don't need to be on at once, this will bypass the 3 indicator restriction and you'll still be able to add 2 more indicators.

$XZC looks solid. Grab a bag here and lock it up in your cold wallet.

Bitcoin

It looks like the price has already broken out of the first minor resistance which is in align with the .382 fibonacci retracement level. Next touch must be around the upper minor resistance at the $9606 and the major one as the latest target for long position in short term which is around the golden pocket ($9800 - $9789).

Wait for update about the next possible altcoins to enter.

A few hours ago, BNB was ranked second in the CoinMarketCap DeFi tokens ranking.
But by now it has been removed.

https://coinmarketcap.com/defi/

There you go, no way CZ gonna let this golden goose go away

Altcoin cap and total market cap are increasing together. What does that mean?
I’m recalling the uptrend season of 2017 ☺️

TOP 10 DeFi Projects By the Value Locked.

​​The total value locked(TVL) in decentralized finance (DeFi) applications and protocols has crossed $3B USD.

$1B USD TVL has been reached in February this year while $2B milestone was crossed in the beginning of July 2020.

Data based on DeFi Pulse website.

One of our members shared a pretty interesting trade on

$ETHUSD

Short: 266

Stoploss: 272

Target 1: 254
Target 2: 250
Target 3: 245

https://www.tradingview.com/x/vwosqg6Z/

BTCUSD - Intraday - We look to Buy at 9250 (stop at 9150)

Traded to the highest level in 4 weeks. We are trading at overbought extremes. The overnight rally has been sold into and there is scope for further bearish pressure going into this morning. Bespoke support is located at 9345. Daily/Weekly Ichimoku Cloud support is seen at 9365. The previous swing high is located at 9351.
Our profit targets will be 9690 and 9800

Resistance: 9690 / 9800 / 10000
Support: 9350 / 9243 / 9200

https://twitter.com/HashedPlutus/status/1286661678881480706

Would greatly appreciate a comment and ♥️

Pamp it