Davis Peter
Trader and market insights : Crypto Trading Club
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$XRP has returned to a major support area (EQL + Convergence of strong lows)
Bulls have defended well, and we are starting to see a reaction
Currently paying attention to the inefficiency and supply area around 2.165–2.22
Bulls have defended well, and we are starting to see a reaction
Currently paying attention to the inefficiency and supply area around 2.165–2.22
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#WIN 🚀🚀 $SYRUP REBUILDING THE NEXT WAVE COMING❓$SYRUP has bounced from $0.1993 to $0.2740 previously and is currently stabilizing near $0.2410 with a 24H increase of +68.3%. Momentum remains as buyers hold above the support level of $0.2280, indicating that another growth phase could occur soon.
Long Trade Setup:
Entry Zone: $0.2360 – $0.2430
TP1: $0.2650
TP2: $0.2880
Stop Loss: Below $0.2220 (support area)
#surup
Long Trade Setup:
Entry Zone: $0.2360 – $0.2430
TP1: $0.2650
TP2: $0.2880
Stop Loss: Below $0.2220 (support area)
#surup
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$AXL USDT
Entry Price: $0.4080
Target 1: $0.4200
Target 2: $0.4350
Final Target (TP3): $0.4500
Stop Loss: $0.3900
$AXL
Entry Price: $0.4080
Target 1: $0.4200
Target 2: $0.4350
Final Target (TP3): $0.4500
Stop Loss: $0.3900
$AXL
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$COOKIE has just exploded +26% Bulls are completely in control❗$COOKIE has risen from a low of $0.0703 to a new high of $0.1676, currently holding around $0.1647 with an impressive daily increase of +26.50%. RSI is glowing red at 82.72, indicating extremely strong upward pressure. With 62.21% buying dominance, momentum is still leaning towards the bulls.
TRADE SETTINGS – Breakout is happening
Entry zone: $0.1590 – $0.1650
TP1: $0.1750
TP2: $0.1890
Stop loss: Below $0.1490
$COOKIE
TRADE SETTINGS – Breakout is happening
Entry zone: $0.1590 – $0.1650
TP1: $0.1750
TP2: $0.1890
Stop loss: Below $0.1490
$COOKIE
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Another opportunity to buy the dip $TRUMP SHORT TRADE SETUP – Targeting $13.10 & $12.5❗$TRUMP is under strong selling pressure after dropping from a recent high of $15.64 to a low of $13.57. The RSI is at a deeply oversold level of 25.99, indicating that sellers are completely in control at this time. The price is struggling to hold the support level around $13.75, and the likelihood of further decline seems high if it clearly breaks below $13.50.
📊 Trade setup: #trump$TRUMP
• Entry area: Around $13.60 – $13.40
• TP1: $13.10
• TP2: $12.10
• Stop loss: Above $14.05
📊 Trade setup: #trump$TRUMP
• Entry area: Around $13.60 – $13.40
• TP1: $13.10
• TP2: $12.10
• Stop loss: Above $14.05
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What You Need to Become a Professional Trader
1- Timing
2- Risk Management
3- Psychology
4- Technical Analysis
80% of traders only pay attention to technical analysis.
1- Timing
2- Risk Management
3- Psychology
4- Technical Analysis
80% of traders only pay attention to technical analysis.
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Candlestick patterns are a very basic form of technical analysis
Anyone starting to learn technical analysis or anyone teaching starts with candlestick patterns.
Doji is buy
Inverted hammer/shooting star is sell, it doesn't work at all.
If chart trading is so easy, why do 90% of traders lose money?
Take a look at the charts below for example.
Imagine the number of people who could have shorted this currency when they saw these hammers/shooting stars.
Or the people who bought that currency just by looking at a candle with a long wick.
Don't pay much attention to these patterns. Just pay attention to the market structure.
As long as the structure is bullish, you don't need to change your trend and the same goes for bearish market structure.
One candle is not enough to decide a trend change. Always wait for more data.
Anyone starting to learn technical analysis or anyone teaching starts with candlestick patterns.
Doji is buy
Inverted hammer/shooting star is sell, it doesn't work at all.
If chart trading is so easy, why do 90% of traders lose money?
Take a look at the charts below for example.
Imagine the number of people who could have shorted this currency when they saw these hammers/shooting stars.
Or the people who bought that currency just by looking at a candle with a long wick.
Don't pay much attention to these patterns. Just pay attention to the market structure.
As long as the structure is bullish, you don't need to change your trend and the same goes for bearish market structure.
One candle is not enough to decide a trend change. Always wait for more data.
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SUMMARY OF FED CHAIRMAN POWELL'S REMARKS (8/23/24):
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1. "Time for Fed Policy to Adjust"
2. Fed "Will Do Whatever It Takes" to Support Strong Labor Market
3. Fed Does Not Welcome Further Labor Market Weakness
4. Confidence That Inflation Is Heading to 2% Has Increased
5. The Balance of Risks to Fed's Mandate Has Changed
6. Inflation Has Declined Significantly to Target
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1. "Time for Fed Policy to Adjust"
2. Fed "Will Do Whatever It Takes" to Support Strong Labor Market
3. Fed Does Not Welcome Further Labor Market Weakness
4. Confidence That Inflation Is Heading to 2% Has Increased
5. The Balance of Risks to Fed's Mandate Has Changed
6. Inflation Has Declined Significantly to Target
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Xxxx account journey, don't miss anything.
1. Turn mistakes into lessons.
- Early on, he made the mistake of following the crowd and letting emotions rule his investments. But instead of giving up, he viewed each loss as a lesson, which ultimately helped him avoid bigger mistakes in the future.
2. Diversify your investments.
- Previously, he only invested all his money in a few assets that seemed promising. Now, he always distributes his investments across many different assets, reducing risk and increasing his chances of success.
- Early on, he made the mistake of following the crowd and letting emotions rule his investments. But instead of giving up, he viewed each loss as a lesson, which ultimately helped him avoid bigger mistakes in the future.
2. Diversify your investments.
- Previously, he only invested all his money in a few assets that seemed promising. Now, he always distributes his investments across many different assets, reducing risk and increasing his chances of success.
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Managing risk over return when investing
For any investor, the top priority is to protect your capital rather than immediately chase profits. The key to long-term investment success lies in minimizing losses before striving for profits. While this may seem like a simple concept, it is actually quite difficult as it requires avoiding common pitfalls that are common to inexperienced investors.
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$BTC Price Vulnerable to $44,000 Drop if Support Fails ❗️
Bitcoin’s recent rally has hit a wall, raising concerns that the cryptocurrency could face a significant 25% drop in the coming weeks. 📉
Technically, Bitcoin faces significant risks. It has formed an extremely scary death cross pattern as the 50-day and 200-day simple moving averages have crossed each other.
In addition, the two lines of the MACD indicator have slipped below the neutral point.
At the same time, as shown above, Bitcoin has formed a series of lower lows and lower highs, indicating a bearish bias.
Therefore, a drop below this month’s low of $49,000 would be a sign that the bears have won and the falling wedge pattern has been invalidated.
Such a move could lead to a further decline to the 50% Fibonacci Retracement level at $44,900, which is 25% below the August 13 high.
Bitcoin’s recent rally has hit a wall, raising concerns that the cryptocurrency could face a significant 25% drop in the coming weeks. 📉
Technically, Bitcoin faces significant risks. It has formed an extremely scary death cross pattern as the 50-day and 200-day simple moving averages have crossed each other.
In addition, the two lines of the MACD indicator have slipped below the neutral point.
At the same time, as shown above, Bitcoin has formed a series of lower lows and lower highs, indicating a bearish bias.
Therefore, a drop below this month’s low of $49,000 would be a sign that the bears have won and the falling wedge pattern has been invalidated.
Such a move could lead to a further decline to the 50% Fibonacci Retracement level at $44,900, which is 25% below the August 13 high.
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$BTC Warning: Big Price Move Coming?
🔥 Bitcoin About to Rally? What's Next? 🔥
$55K Again or Are We Heading to $67K?
Don't Miss This Important Analysis! #Bitcoinis currently trading at $59.8K, showing strong bullish momentum. Recent futures liquidation data highlights key levels at $61.8K and $62.5K, suggesting a potential spike in the coming days.
On a broader scale, monthly data shows significant liquidation points at $66K and $68K. We expect $BTC to test $61K initially, with a potential move to $67K in the coming weeks.
🔥 Bitcoin About to Rally? What's Next? 🔥
$55K Again or Are We Heading to $67K?
Don't Miss This Important Analysis! #Bitcoinis currently trading at $59.8K, showing strong bullish momentum. Recent futures liquidation data highlights key levels at $61.8K and $62.5K, suggesting a potential spike in the coming days.
On a broader scale, monthly data shows significant liquidation points at $66K and $68K. We expect $BTC to test $61K initially, with a potential move to $67K in the coming weeks.
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