https://www.tradingview.com/x/sKk6NSat/

Here is an image of the 30 minute PXI on BALUSDT over the last three days. Considering that its a 30 min TF , I wouldn't expect too much of accuracy but well the numbers speak for themselves.

Cumilative PnL: 37.11%
Maximum loss : 2%

It isn't necessary to always be right in trading. It's important to be profitable in the long term.

Stay tight until PXI is available again. Opening on Black Friday (27 NOV 2020).

The law of large numbers

"Never lose all your chips"

Uncovering a very popular risk management strategy that I discovered going through a couple of psychological reports of traders. Let's assume you're playing a game of coin flip using a program. I tell you that the probability of heads is 60% and the probability of tails is 40% and these numbers are set into the program. Take a minute and analyse how you can place your bets.

All in on heads right?

No. The competitive edge that you have because of the probability being on your side is phenomenal and country unimaginable prophets only in the long term. The research paper so we had a large number of participants giving them each $25 and letting them play the game for 30 minutes. The winners were allowed to cash out everything at the end of the 30 minutes with the maximum payout of $250.

Surprisingly over third of the total participants were left with less than the amount they started. About half the total number of participants finish the 30 minutes with close to $75 as the final balance and mere fraction of people manage to to reach $250 maximum payout.

What went wrong?

This report is is extremely informational because it shows us both the outcomes of portfolio management. Risking too little left people with not so significant profits even after having a competitive edge.
It is essential to consistently place bets of the right amount to reap the maximum benefits. Because flipping a coin once or twice could probably give you tails but math place magic when you flip the coin in the program for hundred thousand times and the results are closer to the 60% expected number.

The best possible outcomes have been recorded when the following formula is used.

2P - 1 where P is the probability of winning.

In this case it's 2(0.6) - 1 = 0.2 that's 20% of the total portfolio.

This is known as the Kelly System and is extremely powerful when paired with Risk Reward strategies in trading.

For more educational posts head to @hashedplutus

https://www.tradingview.com/x/i8Yb4iNq/

$BNBUSDT

BNB broke out of a massive diagonal resistance level while also clearing the 50 and 100 EMA. Currently testing the 200 EMA. In my opinion the volume is suffecient to push it higher towards the next resistance. You can start adding entries from the market price.

Use a maximum of 10x on this trade.

Edit: Timeframe is 4h so hold on to this.

These messages make my day. I'm happy to help you out ☺️

PS: Sales are closed for PXI and will only opn on Black Friday. There is a huge announcement coming up soon about Black Friday. Stay tuned.

The sell pressure at $17,000 was sustained. The market might been in a short squeeze right now.

The previous resistance stands at $17170 on Binance. $17200 and above is going to be a wild territory to enter.

🎓Derivatives🎓
🎓 $BTC / USDT Futures - View Chart

🎯 Status: Third target reached for +135% profit!

✖️10 Multiplier
🔸Current Price: $16 993
❇️Long Entry: $14 896
🎯Targets: ✅$15 335, ✅$15 825, ✅$16 900 (+13.42%)
🚫Stop loss @ +30%

That's it, final target in the bag. Close long positions here. We'll keep you in the market if the time is right.

$CRVUSDT SPOT LONG

https://www.tradingview.com/x/Hj5jaR5S/

This one is going to be a midterm play assuming we enter another DEFI cycle in December. The risk reward ratio on this trade makes it worth the hold.

PS: I'm personally holding a spot position and you can opt for margin if you manage to get the right balance considering fees.
NONE OF THESE POSTS ARE FINANCIAL ADVICE

$FILUSDT SPOT LONG

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

Filecoin is a coin I would hate and love to have limit orders set on all the time because of its constant volatility. One of the play coins for SBF and CZ, which should be in your portfolio if you owing to the skew RR.

$XLMUSDT SPOT LONG

https://www.tradingview.com/x/cljVJ3DK/

XLM has bottomed out against BTC and the volume is steadily growing. One of my favourites to take out recent highs. Another mid term trade I have started accumulating. XLM is a proven mover when volume comes back in. The bottoming against BTC and flying out in USDT pair is already seen in LTC/BTC and ETH/BTC which have both blasted through.

Stoploss hit on $FIL. XLM and CRV are still open.

Alberto has an interesting thought here

https://www.tradingview.com/x/LhMjOL01/

EW count, $19000 before the healthy correction

This is the 6 hours time frame which is becoming the most important and crucial time frame to watch on swing trading purpose. Bitcoin has shown a huge gain since a few weeks ago, price has shown us a bullish rally from the consolidation level of $12000 ish to the 2020 high of $18000 ish which is a phenomenal 63% gain in less than one month. However, during the huge rally there will be a consequences that we need to be cautious of, A correction. Correction has always been a part of major trend either on the bullish side or on the bearish side. On every major trend, we need a correction wave to represent that the major trend is not a part of manipulation.

The most useful weapon to identifying correction is by counting the Elliot wave structure of the impulse wave. Here is my EW count on the potential sub wave 3 in the grand cycle. Based on my count, I do believe that this 3rd wave on the grand cycle is moving so parabolic, that's why the 5th wave usually extends a little bit more than the wave 1 as the leading wave. If I assume the extended sub wave 5 of this 3rd wave structure, the white region can be a good place to stack your short position. It's very essential to watch at the current price action to identify the possible top on this sub wave 5.

From RSI, still we don't see any sign of the significant movement except the lower high structure which indicates the bearish divergence for reversal. When the 5 wave structure ends, we'll see further correction to potential of .382 fibonacci retracement level but, $24000 region is still there waiting us.

Spot market more than futures for the past 3 days. Ethereum and curve two largest holdings which have been closed partially as of now. There is a possibility of for the upside but I have closed most of it.
I see a possibile short on certain coins right now. Will update in s few minutes.

$BTCUSDT SHORT

You might wonder why I have set orders for shorts all the way from 18950 to 19150 when the market is raging with bulls. I'm relying more on the market sentiment here over technicals. I might be wrong but would hate to miss this RR. The math is in our favour here.

https://www.tradingview.com/x/X3wpES2p/

$LTCUSDT HOLD

One of the few projects capable enough to blast through ATH.

https://www.tradingview.com/x/u7qn4vgH/

I did pick up some old altcoins last night. I'm expecting a major move in them.

This trade is more of a sentimental trade so I wouldn't put more than 3% of my folio on it.
Local top could be around $21,000. You can opt to skip this trade. I'm personally out of it now.

Bam! In the money. I've reduced my XRP position significantly at this price.

$LINKUSDT SPOT BUY

Bitcoin is holding these levels. Chopping around in a $500 range which is good for altcoins. Money will flow from BTC to major alts. We have already seen this with XRP. I've completely closed the XRP trade and am allocating the same amount for LINK.

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