Did you notice, the RSRI flat lined for many days on the 3D timeframe, Now we are at the another point where In My Opinion, it will flat line for many days again and we all loose hope and start calling BTC to 25k, 12k, and miss the obvious opportunity here to find a LONG entry Each time$BTC hits 200MA as support, we know what happens, So my strong opinion, is we will still drop to touch 200MA, touch trending support line before we go ballistic,
IMO this is the move not to be missed like when I called the 24,800 BTC(see images)
I don't trade BTC, I use it to guide my Swing LONGs in profitable low cap alts that move faster than BTC.
But with patience& mid high leverage, BTC can make good gains.
Is Trading difficult for you? Have you thought about giving up? If So, Today is your breakthrough. Here is what you should do next. Quickly hit the follow button because I Will be sharing 7 Counter-Intuitive tips from the financial market Top Traders that will change your life and your trading style.
These tips will be shared in bits to help assimilate each tip. Each tip will carry quotes from these successful top traders and a guide to understand them. Let's jump right into it. Tip #1: Trading more or longer is not always the best. At times, doing nothing might be the best thing you can do. A lot of people get so enmeshed in the markets that they lose their perspective.
"Working longer does not necessarily equate with working smarter. In fact, sometimes it is the other way around"-Martin Schwartz Most jobs are designed around the clock. Spend X number of hours, and we pay you Y amount. This relationship between time spent and reward is so commonplace that we take it for granted in all things that we do. Unfortunately, this does not hold true for traders who want to maximize their edge. Why? Martin Schwartz's thoughts undercover the need to work smarter and not longer. The market is beyond your control. Of course, we can decide to spend more time trading, but if the conditions are not optimal, it will do more harm than good. "The desire for constant action irrespective of underlying conditions is responsible for many losses in Wall Street even among the professionals, who feel that they must take home some money every day, as though they were working for regular wages"- Jesse Livermore Jesse Livermore points out the need to kill the “regular wages” mindset and respect the market’s underlying conditions. Think about it. If the market is not offering you a trading edge, the best thing to do is STOP TRADING.
"If most traders would learn to sit on their hands 50% of the time, they would make a lot more money"-Bill Lipschutz
Bill Lipschutz’s key point is most traders trade far more than they should.
Paradoxically, SUCCESSFUL TRADERS KNOW WHEN NOT TO TRADE
The Most Popular 3 CandleStick Patterns (Bullish & Bearish Scenario)
1: The Morning and Evening Star These triple candlestick patterns indicate the current trend is going to end. In the Morning star, the first candle is bearish, the second candle has a small body, and the third candlestick shows a reversal in trend while in the Evening star pattern, the first candle is bullish, the second candle has a small body, and the third candlestick shows a reversal in trend as highlighted in the Image.
2: The Three White Soldiers and Black Crows The White Soldiers candlestick pattern takes place when three long, bullish candles develop. It usually happens following a downtrend, meaning that a reversal pattern is ongoing. This is a potent pattern, which usually takes place after a long downtrend and a period of consolidation. The second candle needs to be larger than the body of the previous candle. The last candlestick should be the same size or larger than the second candle. The Bearish three black crows pattern is the opposite of the white soldiers triple candlestick. It's noticed when there is three bearish candles at the end of a long uptrend indicating that a reversal is likely to follow. The second candle body needs to be bigger than the first candle body. The third candle should be the same size or larger than the second candle.
3: The Three Inside Up and Inside Down the three inside-up triple candlestick pattern is seen at the end of a down trend to confirm a trend reversal is ongoing. A long bearish candlestick at the bottom of a downtrend followed by a second candle that reaches the midpoint of the first candle. Finally, the third candlestick needs to close above the high of the first candle. The three inside down triple candlestick pattern follows an uptrend and indicates a reversal is likely to come next. A long bullish candlestick at the start of the pattern. Then, the second candle needs to reach the midpoint of the first candle. Finally, the third candle needs to close below the low point of the first candle indicating a reversal is going to happen next.
3 CandleStick Formation Patterns 1: The Morning and Evening Star This triple candlestick pattern indicates the current trend is going to end. With the evening star pattern, the first candle is bullish, the second candle has a small body, and the third candlestick shows a reversal in trend. It's an easy triple candlestick pattern to spot quickly showing the trend is reversing.
2: The Three White Soldiers and Black Crows This triple candle stick pattern takes place when three long, bullish candles develop. It usually happens following a downtrend, meaning that a reversal pattern is taking place. This is a potent pattern, which usually takes place after a long downtrend and a period of consolidation. The second candle needs to be larger than the body of the previous candle. The last candlestick should be the same size or larger than the second candle.
Kindly note that The three black crows pattern is the opposite of the white soldiers' triple candlestick. This takes place when you notice three bearish candles at the end of a long uptrend. This also indicates that a reversal is likely to happen next. The second candle body needs to be bigger than the first candle body. The third candle should be the same size or larger than the second candle.
3: The Three Inside Up and Inside Down The three inside-up triple candlestick pattern is usually at the end of a downtrend. This indicates an ongoing trend reversal. You should look for a long bearish candlestick at the bottom of a downtrend followed by a second candle that reaches the midpoint of the first candle. Finally, the third candlestick needs to close above the high of the first candle. This confirms the reversal
Note:The three inside down triple candlestick pattern takes place following an uptrend and is an indication that a reversal is likely to come next. You should notice a long bullish candlestick at the start of the pattern. Then, the second candle needs to reach the midpoint of the first candle. Finally, the third candle needs to close below the low point of the first candle. This confirms a reversal
Hey Friend, What comes to your mind when you hear about Candle stick patterns? Is it a set of tradable crypto chart pattern or probably a Candle stick used to light a romantic dinner?😄 If you picked the first Option you are absolutely right Candle Stick patterns are cryptographic chart patterns that sometimes perfectly identify where the price will go next. Let's take a look at one example: Triple candlestick patterns are helpful because they sometimes show how the price is going to behave next. Triple candlestick patterns are mostly reversal patterns or continuation patterns that show traders when a new trend will develop next.
Starting from my next post, I will be sharing 3 examples of Triple Candle Patterns beginning with the famous Morning and Evening Star
Make sure you're following me as I will X-ray them one by one
Attention Check out one of the Best Futures Trading Strategy
In this article, I will show you one of the best Trading Strategy for Futures Traders.
Note that this strategy is A case study of building $10 margin into $1000+.
What is the Fixed Percentage Profit Compounding Strategy?
This strategy is a conservative trading strategy built on the mindset that profit no matter how small must be taken out of each single trade to be profitable...
It also guides against excess loss owing to the deception that the market always comes back upwards.
Take for example, a trader goes into a trade and is in huge profits, the challenge of when to take profit is real and only a person that isn't greedy will be satisfied with his current profits and close the trade or set risk mitigation preferences to cut losses and take gain off that trade.
Most times, we hear of traders who were in huge profits and left the trade to run, only to come back to huge losses sometimes, liquidations😟. How sad!
What went wrong in that trade?
There was no premeditated action, or at least greed didn't allow the trader to execute it to show gratitude to the market for the profit given.🤪
So the Fixed Profit Strategy is a risk management technique and a Greed Killer.
So to use this strategy, all traders must plan their setups and use leverages that allow their set SL to fall within less than or equal to the fixed profit/loss percentage.(in this case, SL ≤ -25%
As a case study, I will be sharing this guide with 25% as my preferred fixed percentage as experience shows great success with it. Feel free to use any percentage that works best for you.
Kindly Note that even if you take out 25% profit from a trade, you do not necessarily have to close the trade as you can let the trade keep running into profits while you move SL or set BE.
Whatever extra profit gathered from the trade can be set aside as Returns to offset losses as there will be days when you hit -25% instead of +25%🙄.
"Take Away"
So to reiterate, note that you can achieve more than 25% profit per trade, but must lock 25%.
Any extra profit can be used for trading fees and to cater for the bad trading days when you will have losses or you can cash out the extra and go touch grass with it or gift yourself as a trader who works hard to win a trade 💌
What leverage should I Use?
Personally I use low leverage from from 3 to 10x for pairs for altcoin pairs and 20x only for BTC and this ranges as I examine the market conditions and use Price actions as my guide to select a suitable leverage per trade.
It's gonna be a long ride, but am confident that we will make it.*WAGMI*
For all who are interested, kindly indicate your interest with emoji and follow me as I will be giving more details about how to create an excel template to help you check and track your profitability on a daily basis.
This strategy was tested by some traders who had a "project $10 - 1000+ with no pressure challenge"
Let me state too that
The 25% fixed profit strategy is pure mathematical and has nothing to do with Psychology.
I have mentioned it several times before that first - "Crypto is only for Intelligent people and if you are not ready to improve, you will always loose to the market"
You need to train your Psychology to understand that Trading Futures is high risks and you will always loose from time to time, be it your mistakes, the unsure market or even manipulation and if it affects your will to go on, then maybe trading isn't for you.
But if you train your Psychology to handle losses, U probably can pause and concentrate on getting your morale, '"crossing the t and dotting the I of each trade'"
An excel template which screenshots have been attached to this article show some very helpful tips and one of them is don't pressure yourself or think of it as a challenge you must win within a given time frame. You are your own challenge.
You can create an excel template programmed to help calculate automatedly and shows the expected margin per trade and your stop loss per trade in this strategy must be within and not beyond 25% in Loss, meaning your trade must hit SL at -25% no matter the set leverage used.(Discipline remember, so use a leverage that pushes your SL to -25% loss)
👉This strategy basically helps u limit your exposure to positions beyond 25% profit.
For instance, some of us here have been in trades of 100% or more and yet came out with less than 10% profit waiting for 500%.🙆♀️
👉This strategy guides against that.
👉It teaches you how to steal ur 25% PNL and go away or stay on with BE or a trailing SL.
👉It also inculcates that profitability in the market is LONG term.
One of the tips there in the attached images shows that you can stay on any level until u build ur morale to go to the next one
For instance I can get to level 7 and decide not to move to level 8, and start again from level 1 either with one trade with starting margin ($10) or multiple trades with the starting margin per each trade and grow them separately up to level 8 again before deciding to go to level 8 where you'll trade with a higher margin.
Bottom line is you will learn how to trade based on making a 25% profit which is easily attainable in the crypto space.
I for one believe crypto should be traded long-term and have my BNB token reserved for years or months locked away in Binance Vault, so I am not moved my emotions to sell at lows and regret when am supposed to be enjoying the fruitage of my labour.($BNB @ $10,000)🥳
But then trying a new strategy doesn't hurt anyone💯
Hey Friend, I have dropped my chart on$BNB It's the weekly chart structure for BNB which is also similar to the monthly timeframe.
What that means is am taking a holistic view of BNB in the long run and strictly for long term traders because I'm taking a Long term trade In My Opinion, BNB looks good for a swing LONG from here. Although to be conservative, it's fair to always give room for a pull back, a retest of support etc, so you can DCA at some key levels below Current Market Price(219 as at writing). Those levels should be a range around $193 - 200, and around $205 - 215.
Feel free to DYOR to set yours.
Without Financial Advice, My own DCA POI will be at 196, 209, 214. At those level I plan to add to my positions on #Binance SPOT and #Binance futures. We must now wait for #bitcoin -the market mover and see what await us
A farmer’s donkey fell into a well & cried for hours as the farmer thought of what to do. Since the donkey was old, he decided to cover up d well which he planned to do before& called his neighbors to assist him. The donkey realized what was happening& cried horribly but it soon stopped. After a few shovel loads, the farmer looked into the well. He was astonished to see that as every shovel of dirt fell on its back, the donkey would shake it off& take a step up. As the farmer’s neighbors continued to shovel dirt on the animal, it did the same thing All were amazed as the donkey stepped up over the edge of the well and trotted off!
Life is going to shovel dirt on you,the trick is 👉Dont get weighed down by it. 👉We get out of the deepest wells by not stopping or never giving up! 👉Shake it off and take a step up!
Are you positioned for the ZetaChain Airdrop? ZetaChain is in testnet phase & Testnet is the best time to position for airdrop. ZetaChain is massive! it is the world's first and only blockchain that connects everything. It facilitates cross-chain and cross-layer value transfer, message delivery, and smart contract calls — thus enabling for the first time omnichain dApps (odApps) which can leverage liquidity on multiple networks, read and update states on all connected networks. ZetaLabs allows contributors to the ZetaChain network Testnet to earn ZETA Points used to track progress of contributors How to position for Zeta chain airdrop? Step 1: Switch to Metamask Goerli Network&Use link in comment section to connect to ZetaChain Step 2: Connect to Twitter&Discord Step 3: Complete weekly tasks like swaps, to increase your points
🔸1: Always Use a Trading Plan. Planning assures success,gives you both confidence & a reason to take a trade. It prepares an alternative action to take if the trade fails 🔸2: Treat Trading Like a Business. The secret of successful traders is in how they operate👉(Risk to Reward Evaluation & Management) 🔸3: Use Technology. Use asset-scanning software, asset AI analytics, Use gadgets, etc 🔸4: Protect Your Trading Capital. No Capital = Trading Game Over 🔸5: Study the Markets. This guides your trading bias 🔸6: Risk Only What You Can Afford. Don't ruin all your hard work in one trade 🔸7: Develop a Trading Methodology. Build a Profitable trading strategy 🔸8: Always Use a Stop Loss. Nothing is certain. Risk mitigation is a MUST
An elephant searched for a friend in the forest. Monkeys refused to be its friend becos elephants are big & can’t swing on trees Rabbits refused becos elephants are too big to fit inside its burrow. Next to refuse was the frogs, because elephants cant jump Other animals refused with same excuse The next day, the elephant saw all the forest animals run in fear. She asked a bear what was happening & was told the tiger was attacking all the small animals. The elephant wanting to save the other animals, told the tiger to leave her friends alone, but the stubborn tiger told the elephant to mind her business. Seeing no other way, the elephant kicked the tiger and scared him away. Upon hearing of the brave tale, the other animals agreed, “You are just the right size to be our friend.” Lesson: Friends come in every shape & size.
Once upon a time, there was a man who visited foreign lands. When he returned from each trip, all he would talk about was the wonderful adventures he had and the great deeds he had done. One of the acclaimed adventures he boasted about was a jump he made in a city called Rhodes. “The jump was so great,” the man said. “No other man can make such a leap. Many persons in Rhodes saw me and can prove I am telling the truth.” One of the people listening said “No need for witnesses,” just demonstrate it. He added, “Suppose that we were in Rhodes now, please show us how far you can jump.”
What is the Morale of the story? It’s the deeds that count, not the boasting words. Many boast to be successful traders but have no evidence, they cannot show or back up their claims.
Once upon a time, there was a young boy who had problems controlling his anger. When he got angry, he would say the first thing that came to mind, even if it affected people. One day, his father gifted him a hammer and a bundle of nails, then said, “Whenever you get mad, hit a nail into the backyard fence.” In few days, the boy used up half of the nails. As weeks go by, he used up fewer nails, until his temper was under control. Then, his father told him to remove a nail for each day he didn’t lose his temper. When the boy removed the last nail, his father told him, “You have done good, boy. But, can you see the holes in the wall?
The fence is never going to be the same just like the mean things you say in anger will leave a scar.”
Anger is like the wounds from a knife — the wounds will heal, but the scars remain.
Two men on a dangerous walk through the forest made a promise to remain close to protect each other in case of any danger. Suddenly, a big bear was ran towards them. One man quickly climbed a nearby tree, leaving the other man, who didn'tkno to climb, and instead, followed common sense. He laid down on the ground and remained there, breathless, pretending to be dead.
The bear approached the friend lying on the ground. The animal started to smell his ear before slowly wandering off again because bears never touch those who are dead.
Soon, the friend who hid in the tree came down. He asked his friend, “My dear friend, what secret did the bear whisper to you?” The friend replied, “The bear simply advised me never to believe a false friend.”
true friend will always support and stand by you in any situation.
Once upon a time, there was a young boy who had problems controlling his anger. When he got angry, he would say the first thing that came to mind, even if it affected people. One day, his father gave him a hammer & a bundle of nails, then said, “Whenever you get mad, hit a nail into the backyard fence.” In a few days, he used up half of the nails. Over the next weeks, he used up fewer nails, until his temper was under control. Then, his father told him to remove a nail each day; he didn’t lose his temper. When the boy removed the last nail, his father told him, “You have done well, boy. But, can you see the holes in the wall? The fence is never going to be the same, just like when you say mean things in anger, you’ll leave a scar.”
Anger is like the wounds from a knife — Whenever it heals, it leaves a scar behind.
Once upon a time, two friends walking through a dangerous forest; knowing that anything could happen, promised to remain close to each other in case of danger. All of a sudden, A Big #bear was approaching them. One friend quickly climbed a nearby tree, leaving behind, his friend who didn't know how to climb. The other friend used common sense and laid down on the ground and remained there, breathless, pretending to be dead. The bear approached the one lying on the ground & started to smell his ear before slowly wandering off becos bears never touch dead bodies. When the friend who hid in the tree came down. He asked, “My dear friend, what secret did the bear whisper to you?” He replied, “The bear simply advised me never to believe a false friend.” Morale: True friends will always support & stand by you in any situation.
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