$13500 target hit! Now is the time to exercise caution. Price could hit $13800 in the very near future but it's not guaranteed.

Will be looking to hold current longs until we close below green zone, then I'd start looking for short. If not, will be looking for a move to ~$13800 before looking for shorts.

Even though price keeps making higher highs, RSI is making higher lows, which shows that bulls may be getting exhausted.

https://www.tradingview.com/x/0YiWatoL/

An Educational post so you can take home some learnings today.

Basically when we are using indicators like MA/EMA/ichi/Trendlines/ Price action ... It is Qualitative Analysis. The levels that are supposed as Support/Resistance can be broken.

When we use Funding rate/Premium Index, It is Quantitative Analysis. For midterm trades, it is never wrong for direction.

Quantitative Analysis is normally against Market Sentiment

That is reason when 5k everybody thinks sky will fall to 2k. The result is pump back to 8k.
When 10k everybody thinks it will rocket to 12k. The result was dump to 3k7.

But Funding doesn't lie to you.

The difficult thing in Quantitative Analysis is you must detect where is consolidation and run phase and estimate the time that market breakout.

In the past 2017/2018/2019, I just estimate it by Open Interest. Market need to accumulate enough Open Interest for Big Moves. This time market went up with no need big OI. That is pretty special.

According to on-net data, the trader transferred over 88,857 BTC (about $ 1.15 billion) and paid commission for just 0.00027847 BTC ($ 3.58).

Transaction confirmation (https://www.blockchain.com/btc/tx/d486aeb0e59181fd1addb4aa69ce04d638188fc1125c424899267e8ed6a8af24)
At block 654364 dated October 26. Whale Alert is sure that the sender's address belongs to the custodian Xapo, who previously had large transactions, but no more than 5,000 BTC.

Had a very productive chat with an old friend, a member. Would love to hear from you. Even if it's a non crypto thing. Open for a chat with all of you.
Drop me a message @cryptopotatoes 💞🍻

Glad I could help you (L)EARN. Cheers guys, stay blessed.

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

$FILUSDT SHORT

The stop is far off so make sure you have your leverage on the lower side.

https://www.tradingview.com/x/ZwVO29dr/

So far so good 🤩

https://www.standard.co.uk/news/world/france-germany-coronavirus-lockdown-a4573230.html
The news you should be reading.

Successful traders have an unfair advantage over others. Its because they know what they are doing. Most people don't.

$XRPUSDT SHORT

https://www.tradingview.com/x/9EzzwXkN/

RR is close to 2. Keep the Lev low

🚨Leaked ‘Tai Chi’ Document Reveals Binance’s Elaborate Scheme To Evade Bitcoin Regulators.

🏃‍♂How long can CZ run for?

https://www.forbes.com/sites/michaeldelcastillo/2020/10/29/leaked-tai-chi-document-reveals-binances-elaborate-scheme-to-evade-bitcoin-regulators/#4be18d542a92

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

Simple TA
Fantastic results

https://www.tradingview.com/x/vF8eAMsN/

$BNBUSDT SHORT Learnings

We missed the good entry on this trade but we can always take home some knowledge. Two simple concepts in action.

1) More times the price tests a level, the more likely it is to break from it.
2) Multiple levels breaking down indicates a systematic dump through levels.

Couple of thoughts on OKEx. Quizzed a few members of our channel and here's a quick glance.

https://twitter.com/HashedPlutus/status/1322526216000278528

https://www.tradingview.com/x/am1W53WC/

$ETHUSDT SHORT

Weekend wanted to stay away from charts but well here we are. Opened my shorts a few moments earlier at the break of resistance. I'm expecting a strong downward trend to the next level (daily support).
The risk reward ratio is over 5 so you surely know this one might take days to hit or get closed mid way.

Remember to always lockin profits while you have positions open.

Yes, I did open higher than the given entry. Solely because I didn't want to expose all of you to that amount of risk.

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

$LINKUSDT SHORT

Another coin we loaded a short on earlier, its on the run now. Still a good short if you stick to a low leverage and manage your risk well.

Bulls are definitely not done yet. Looks like $14200 - $14600 may be happening.

We have a bullish price continuation pattern formed (falling wedge) on the hourly time frame.

Current market structure is still bullish and shorts should be avoided until this probable final push up.

A deeper correction will happen soon. Patience is the key.

https://www.tradingview.com/x/LR1eZYmu/

Alberto from OnePoint has a hotlist for you.

Binance Hotlist coin November 2nd, 2020


Coin : VET/USDT
Chart : https://www.tradingview.com/x/qYWvH6kh/

Reason :
1. Forming a Bullish falling wedges
2. Approaching the Golden Pocket zone as a major support and had a bounce>
3. RSI forms a consecutive higher low structure while the price has consecutive lower low structure.
4. MACD histogram ticks up to the positive side

Entry condition : When the price breaks out of the upper line of the yellow falling wedge.

Target : Short term at $0.014867

Binance Hotlist coin November 2nd, 2020

Coin : YFII/USDT
Chart : https://www.tradingview.com/x/2xvk4Nxi/

Reason :
1. Double Bottom structure
2. RSI forms a bullish divergence for potential reversal pattern
3. A significant bounce right after the price touched the blue region with the huge green candle.

Entry condition : When the price breaks out from the white resistance trend line

Target : $2043 (tp1), $2500 (tp2)

When we're trending up like this and the bullish narrative is strong, dumping right after a 4H close mostly doesn't work out.

Price ends up retracing most of the dump before the 4H closes. Looks like bulls have their eyes on $14600 as next place of interest.

Closing this 1H above $13515 confirms this idea because it'll establish a deviation below this point.

Market structure is still bullish so shorts should be avoided.

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