To put it into perspective, the last time we saw the volume indicator flash like this the price moved 2000pips (20,000micro pips) in 1 week. We're not here to just post trade ideas for the sake of it, we're here to teach and to help protect new traders from getting caught in the markets.
IS BITCOIN DOING BETTER? Weekly price analysis pt. 1💸
The boss of levels is back! 😎 If you’ve read my previous posts, you know that I saw a false breakout as one of the possible movement scenarios.
Now look 👀 at what’s happened - the breakout of the first resistance level resulted in unloading to the area of support levels 1-3. The third level was tested, and the BTC price couldn’t break it. That’s how we got a rebounce to the consolidation area of $33,000-$34,000.
I think that trading from the channel boundaries is a profitable strategy, and in my last week’s post I recommended using it. And as you can see, it’s working 😉
Now, let’s update our levels 👇
Support levels:
Level 1 - $33,300
Level 2 - $30,000
Level 3 - $28,700
Level 4 - $22,700
Resistance levels:
Level 1 - $40,400
Level 2 - $43,700
Level 3 - $48,700
Level 4 - $50,800
In part 2 we’ll take a closer look at the charts and possible price movements. On a scale from 1 to 10, how excited are you about my next posts? 😏👇
FREEEKONOMIST
The boss of levels is back! 😎 If you’ve read my previous posts, you know that I saw a false breakout as one of the possible movement scenarios.
Now look 👀 at what’s happened - the breakout of the first resistance level resulted in unloading to the area of support levels 1-3. The third level was tested, and the BTC price couldn’t break it. That’s how we got a rebounce to the consolidation area of $33,000-$34,000.
I think that trading from the channel boundaries is a profitable strategy, and in my last week’s post I recommended using it. And as you can see, it’s working 😉
Now, let’s update our levels 👇
Support levels:
Level 1 - $33,300
Level 2 - $30,000
Level 3 - $28,700
Level 4 - $22,700
Resistance levels:
Level 1 - $40,400
Level 2 - $43,700
Level 3 - $48,700
Level 4 - $50,800
In part 2 we’ll take a closer look at the charts and possible price movements. On a scale from 1 to 10, how excited are you about my next posts? 😏👇
FREEEKONOMIST
#Educationalarticles
💎Subject: Money management
Money management is one of the most important factors for success in all financial markets., so after reading this article and getting acquainted with the basics of money management, if necessary, do more research and study in this field.
💡Our way to manage money in crypto market (Spot market only) :
In each transaction, we invest between three and five percent of free capital, or divide the total money we spend on medium-term transactions in the crypto market into 15 to 30 parts (depending on your risk) and We use one part for each transaction.
💡Long-term investment in cryptocurrencies:
Choose cryptocurrencies that have strong backing and have the potential for reasonable growth in the long run and invest in them (apart from your mid-term trade) in the long run, or if you have the right conditions and resources for mining instead of investing in the long term. You can mine authentic cryptocurrencies and do not withdraw the cryptocurrencies obtained from mining for a certain period of time, so that you can benefit from both the cryptocurrency and the price growth of that crypto.
⭕️Stop-loss :
All our transactions are in the spot market, which is why we use the SL filter method in crypto. This means that we use several strategies to exit the loss trade and announce the loss after closing the deal. But if you trade with our analysis in the margin or futures market, be sure to specify the stop-loss presented in the analysis for your exchange or broker to close the transaction when the price reaches that to avoid large losses, (We do not recommend trades at Margin and Future in any terms.)
💡Forex Capital Management:
How to adjust the lot
According to the market conditions and the patterns formed in the chart and the distance between the entry price and the exit point with a loss, we specify the amount of lot before taking the trade.
Under normal market conditions, we risk between 0.05% and 0.2% of the money in each transaction based on the factors we mentioned.
🔵 Take Profit:
In the signals we present, the profit limit based on Price Action, Technical factors such as support, resistance or up trend, down trend , are more common, which usually cause the price to return, and the market mobility in a certain period and timeframe, which is charted from the past with the help of ATR indicator. We determine the take profit.
As you can see in the signals and analyses we have published, we usually specify more than one profit in the chart.
After determining the amount of risk and loss, traders can divide their lot into the number of TPs and get one TP for each trade to make it easier to manage.
tip:
There are various methods for managing risk and money. The method we described in this article is one of the simplest, most logical and least risky methods available, which we use in most cases.
💎Subject: Money management
Money management is one of the most important factors for success in all financial markets., so after reading this article and getting acquainted with the basics of money management, if necessary, do more research and study in this field.
💡Our way to manage money in crypto market (Spot market only) :
In each transaction, we invest between three and five percent of free capital, or divide the total money we spend on medium-term transactions in the crypto market into 15 to 30 parts (depending on your risk) and We use one part for each transaction.
💡Long-term investment in cryptocurrencies:
Choose cryptocurrencies that have strong backing and have the potential for reasonable growth in the long run and invest in them (apart from your mid-term trade) in the long run, or if you have the right conditions and resources for mining instead of investing in the long term. You can mine authentic cryptocurrencies and do not withdraw the cryptocurrencies obtained from mining for a certain period of time, so that you can benefit from both the cryptocurrency and the price growth of that crypto.
⭕️Stop-loss :
All our transactions are in the spot market, which is why we use the SL filter method in crypto. This means that we use several strategies to exit the loss trade and announce the loss after closing the deal. But if you trade with our analysis in the margin or futures market, be sure to specify the stop-loss presented in the analysis for your exchange or broker to close the transaction when the price reaches that to avoid large losses, (We do not recommend trades at Margin and Future in any terms.)
💡Forex Capital Management:
How to adjust the lot
According to the market conditions and the patterns formed in the chart and the distance between the entry price and the exit point with a loss, we specify the amount of lot before taking the trade.
Under normal market conditions, we risk between 0.05% and 0.2% of the money in each transaction based on the factors we mentioned.
🔵 Take Profit:
In the signals we present, the profit limit based on Price Action, Technical factors such as support, resistance or up trend, down trend , are more common, which usually cause the price to return, and the market mobility in a certain period and timeframe, which is charted from the past with the help of ATR indicator. We determine the take profit.
As you can see in the signals and analyses we have published, we usually specify more than one profit in the chart.
After determining the amount of risk and loss, traders can divide their lot into the number of TPs and get one TP for each trade to make it easier to manage.
tip:
There are various methods for managing risk and money. The method we described in this article is one of the simplest, most logical and least risky methods available, which we use in most cases.
Warren Buffett said, “If you can’t find a way to make money while you sleep, you are going to work until you die.”
So that means the name of the game is Passive Cash Flow.
Passive Cash Flow means putting your money to work for you. So you can stop trading your time for money.
This is more important than ever in today’s economy.
According to the Bureau of Labor Statistics 12.6 million people are unemployed.
Over 163,735 businesses have permanently closed their doors in 2020.
Clearly, the days of working one job for 20-30 years and retiring are over!
So if you don’t have an income source outside of your day job, you’re at risk here!
So that means the name of the game is Passive Cash Flow.
Passive Cash Flow means putting your money to work for you. So you can stop trading your time for money.
This is more important than ever in today’s economy.
According to the Bureau of Labor Statistics 12.6 million people are unemployed.
Over 163,735 businesses have permanently closed their doors in 2020.
Clearly, the days of working one job for 20-30 years and retiring are over!
So if you don’t have an income source outside of your day job, you’re at risk here!
Forwarded from Leͥgeͣnͫd
Knights of Gold (Gold/FOREX Analysis/Trade ideas):
XAUUSD -4H
This week we're also going to share the 4H chart we've been monitoring during this consolidation. We've taught members on this group before about symmetrical triangles and how they're known to give false signals.
IF this is a symmetrical triangle on the 4H we need to keep a close eye on it and look for the breakout. Its likely that if this breaks to the upside that will be the false breakout, it should give us our 1810 level for a short. If this breaks to the downside first then we'll look for the lower levels to find support to take a long. We won't know until the market opens and the price finds its feet, we're sharing it with you so you can add it to your charts and also keep an eye on this pattern.
We'll wait for Excalibur to give us an indication tomorrow and share it with you all once we have confirmation.
Economic Calendar:
Friday is very important. This event will most likely dictate the next short term trend Gold will start. After such an accumulation expect the breakout to be a big one. If the market gets any clues to the numbers before hand it will get priced in from Wednesday onwards, so keep on your toes members.
THIS IS NOT THE MARKET CONDITION TO TRADE LARGE LOT SIZES AND HUGE STOP LOSSES. MANAGE YOUR TRADES AND KEEP THEM SMALL SO IF THE MARKET MOVES AGAINST YOU THEY'RE MANAGEABLE AND WON'T STRESS YOU AS A TRADER.
Accumulation and ranging markets are designed to catch new traders out as they will spike the price both ways to trigger stops and orders. Trading smaller lots in these scenarios enables us to think about the trade and not make harsh decisions based on emotion.
XAUUSD -4H
This week we're also going to share the 4H chart we've been monitoring during this consolidation. We've taught members on this group before about symmetrical triangles and how they're known to give false signals.
IF this is a symmetrical triangle on the 4H we need to keep a close eye on it and look for the breakout. Its likely that if this breaks to the upside that will be the false breakout, it should give us our 1810 level for a short. If this breaks to the downside first then we'll look for the lower levels to find support to take a long. We won't know until the market opens and the price finds its feet, we're sharing it with you so you can add it to your charts and also keep an eye on this pattern.
We'll wait for Excalibur to give us an indication tomorrow and share it with you all once we have confirmation.
Economic Calendar:
Friday is very important. This event will most likely dictate the next short term trend Gold will start. After such an accumulation expect the breakout to be a big one. If the market gets any clues to the numbers before hand it will get priced in from Wednesday onwards, so keep on your toes members.
THIS IS NOT THE MARKET CONDITION TO TRADE LARGE LOT SIZES AND HUGE STOP LOSSES. MANAGE YOUR TRADES AND KEEP THEM SMALL SO IF THE MARKET MOVES AGAINST YOU THEY'RE MANAGEABLE AND WON'T STRESS YOU AS A TRADER.
Accumulation and ranging markets are designed to catch new traders out as they will spike the price both ways to trigger stops and orders. Trading smaller lots in these scenarios enables us to think about the trade and not make harsh decisions based on emotion.
#Educationalarticles
💎Subject: Money management
Money management is one of the most important factors for success in all financial markets., so after reading this article and getting acquainted with the basics of money management, if necessary, do more research and study in this field.
(At octatradex group we try to write our contents in a very simple, understandable and practical language, even for beginners)
💡Our way to manage money in crypto market (Spot market only) :
In each transaction, we invest between three and five percent of free capital, or divide the total money we spend on medium-term transactions in the crypto market into 15 to 30 parts (depending on your risk) and We use one part for each transaction.
💡Long-term investment in cryptocurrencies:
Choose cryptocurrencies that have strong backing and have the potential for reasonable growth in the long run and invest in them (apart from your mid-term trade) in the long run, or if you have the right conditions and resources for mining instead of investing in the long term. You can mine authentic cryptocurrencies and do not withdraw the cryptocurrencies obtained from mining for a certain period of time, so that you can benefit from both the cryptocurrency and the price growth of that crypto.
⭕️Stop-loss :
All our transactions are in the spot market, which is why we use the SL filter method in crypto. This means that we use several strategies to exit the loss trade and announce the loss after closing the deal. But if you trade with our analysis in the margin or futures market, be sure to specify the stop-loss presented in the analysis for your exchange or broker to close the transaction when the price reaches that to avoid large losses, (We do not recommend trades at Margin and Future in any terms.)
💡Forex Capital Management:
How to adjust the lot
According to the market conditions and the patterns formed in the chart and the distance between the entry price and the exit point with a loss, we specify the amount of lot before taking the trade.
Under normal market conditions, we risk between 0.05% and 0.2% of the money in each transaction based on the factors we mentioned.
🔵 Take Profit:
In the signals we present, the profit limit based on Price Action, Technical factors such as support, resistance or up trend, down trend , are more common, which usually cause the price to return, and the market mobility in a certain period and timeframe, which is charted from the past with the help of ATR indicator. We determine the take profit.
As you can see in the signals and analyses we have published, we usually specify more than one profit in the chart.
After determining the amount of risk and loss, traders can divide their lot into the number of TPs and get one TP for each trade to make it easier to manage.
tip:
There are various methods for managing risk and money. The method we described in this article is one of the simplest, most logical and least risky methods available, which we use in most cases.
💎Subject: Money management
Money management is one of the most important factors for success in all financial markets., so after reading this article and getting acquainted with the basics of money management, if necessary, do more research and study in this field.
(At octatradex group we try to write our contents in a very simple, understandable and practical language, even for beginners)
💡Our way to manage money in crypto market (Spot market only) :
In each transaction, we invest between three and five percent of free capital, or divide the total money we spend on medium-term transactions in the crypto market into 15 to 30 parts (depending on your risk) and We use one part for each transaction.
💡Long-term investment in cryptocurrencies:
Choose cryptocurrencies that have strong backing and have the potential for reasonable growth in the long run and invest in them (apart from your mid-term trade) in the long run, or if you have the right conditions and resources for mining instead of investing in the long term. You can mine authentic cryptocurrencies and do not withdraw the cryptocurrencies obtained from mining for a certain period of time, so that you can benefit from both the cryptocurrency and the price growth of that crypto.
⭕️Stop-loss :
All our transactions are in the spot market, which is why we use the SL filter method in crypto. This means that we use several strategies to exit the loss trade and announce the loss after closing the deal. But if you trade with our analysis in the margin or futures market, be sure to specify the stop-loss presented in the analysis for your exchange or broker to close the transaction when the price reaches that to avoid large losses, (We do not recommend trades at Margin and Future in any terms.)
💡Forex Capital Management:
How to adjust the lot
According to the market conditions and the patterns formed in the chart and the distance between the entry price and the exit point with a loss, we specify the amount of lot before taking the trade.
Under normal market conditions, we risk between 0.05% and 0.2% of the money in each transaction based on the factors we mentioned.
🔵 Take Profit:
In the signals we present, the profit limit based on Price Action, Technical factors such as support, resistance or up trend, down trend , are more common, which usually cause the price to return, and the market mobility in a certain period and timeframe, which is charted from the past with the help of ATR indicator. We determine the take profit.
As you can see in the signals and analyses we have published, we usually specify more than one profit in the chart.
After determining the amount of risk and loss, traders can divide their lot into the number of TPs and get one TP for each trade to make it easier to manage.
tip:
There are various methods for managing risk and money. The method we described in this article is one of the simplest, most logical and least risky methods available, which we use in most cases.
IF YOU’RE RELATED TO CRYPTO, YOU HAVE TO REPORT THE TRANSACTIONS OR ELSE… ⚠️
The hottest discussion topic right now is the US infrastructure bill (why are they talking about crypto along with which bridges to build next? Show some respect 😒).
One of its targets is tackling crypto tax evasion.
The bill introduced new reporting rules that will be applied after December 31, 2023. The US government expects to raise $28-30 billion over 10 years in tax revenue that way.
But there’s a catch…
The effect will be a huge reporting, KYC (know your client) burden to the industry. It will put stake pool operators, software devs into a position of reporting to govt agencies for every transaction.
The US crypto community is now calling their senators to vote for Wyden-Lummis-Toomey amendment to not let this horrible policy take place.
This bill is a literal killer of financial innovation and freedom😡 Billions of future revenue for the US economy are at stake.
The hottest discussion topic right now is the US infrastructure bill (why are they talking about crypto along with which bridges to build next? Show some respect 😒).
One of its targets is tackling crypto tax evasion.
The bill introduced new reporting rules that will be applied after December 31, 2023. The US government expects to raise $28-30 billion over 10 years in tax revenue that way.
But there’s a catch…
The effect will be a huge reporting, KYC (know your client) burden to the industry. It will put stake pool operators, software devs into a position of reporting to govt agencies for every transaction.
The US crypto community is now calling their senators to vote for Wyden-Lummis-Toomey amendment to not let this horrible policy take place.
This bill is a literal killer of financial innovation and freedom😡 Billions of future revenue for the US economy are at stake.
#Bitcoin makes 10 green days in a row! 🚀
It's the longest streak since May 2017.
The price surpassed $42,000 level on Friday evening, declined a little to $41,440 and keeps rising again!
It's the longest streak since May 2017.
The price surpassed $42,000 level on Friday evening, declined a little to $41,440 and keeps rising again!
Your Salary will never grow in your bank account, change your life ...With octatradex
The nature of the movement of financial markets
1. Key levels breakout
Bulls/bears become strong enough to violate a key support/resistance and are willing to push to new lows/highs
The best opportunity for trade entries.
2. Trend continuation
Strong bearish / bullish trend following movement.
More and more trades join the rally after a breakout.
3. Consolidation & accumulation
Oversold/overbought condition of the market & local accumulation.
Market participants are waiting for a trigger to continue pushing.
The best opportunity to protect profits.
Black line - price action within the stages
——————
🤓Want to Know Our Entry/Stop/Target ?
1. Key levels breakout
Bulls/bears become strong enough to violate a key support/resistance and are willing to push to new lows/highs
The best opportunity for trade entries.
2. Trend continuation
Strong bearish / bullish trend following movement.
More and more trades join the rally after a breakout.
3. Consolidation & accumulation
Oversold/overbought condition of the market & local accumulation.
Market participants are waiting for a trigger to continue pushing.
The best opportunity to protect profits.
Black line - price action within the stages
——————
🤓Want to Know Our Entry/Stop/Target ?