Hello friends, how are you doing! 1. We have already made a list of cryptos with pending profits to claim, 2. We have marked where the structure might break and turn around.
Step 3. ANALYZE YOUR INFORMATION. Many traders open positions based on what is popular, but do your own research and you are likely to find better deals. For example, in the previous table, I found these six cryptos that left good profits pending. In one column, it is noted how far it will reach, in another where it is currently, and in the third, there is a small subtraction between these two points to see which has the greater potential. Now, analyze the information and tell me: which of the six can you make the most profit from?
Hello friends! How did you do with the list? I found almost 20 cryptocurrencies that in a 1M timeframe (monthly) dropped so hard that they left a long red candle (engulfing) or three red ones in a row (imbalance), here I leave you the screenshot of some. This data is important because the market is so, so hungry that later it will come back to pick up the bills that fell. Meanwhile,...
STEP 2. MARK THE STRUCTURE CHANGES. Let's take WAXP as an example. Notice the last low it had at 0.02434. Now notice where the impulse that caused that last movement is, it is at 0.05541. I marked it with the help of the ALERTS that are down to the left, in between the PLUS and MARGIN (use it constantly).
Follow this guideline with all the cryptocurrencies you have on your list so that BINANCE alerts you when the price retraces and breaks that point.
I will summarize in several stages the experience I have accumulated in just over two years. I can already tell you that you need a notebook, pencil or pen, 1 hour of your valuable time, and motivation, a lot of motivation.
The market, every time it moves, is looking for liquidity. Based on that,...
STEP 1. In your BINANCE platform, go to the LOSERS section and in a high timeframe like 1w (weekly) or 1d (daily), look for one or several cryptos that have a long red candle (called engulfing) or three consecutive red candles. These candles indicate a very strong downward movement that left liquidity or imbalance and that the market will later return to claim (Make a database in your notebook).
$C98 ¿ WHERE TO FIND THE MONEY ? If I offer you a job on the last Friday of the month where you could earn B/100.⁰⁰ what would you do? And if I offer you another for this upcoming weekend where you could earn B/50.⁰⁰ what would you do? I hope you realize that I can earn both because they are on different dates, and I won't become a millionaire, but my earnings will increase. This is how trading works; we live off OPPORTUNITIES. Opportunities that arise, maybe once a day or once a week or once every 15 days, but the key is to NOTE THEM ON THE CHART where they are and to be alert when they are near. They might be 10 pips, or 20 pips, or 30. We can clearly see those opportunities using higher timeframes.
In trading, margin refers to the amount of money you need to have in your account to open and maintain a leveraged position. It is essentially a required deposit that allows you to control a position of greater value than the capital you have. Margin is not an expense, but rather an amount of money that is reserved or locked in your account while the position is open, and it is released once you close it.
To understand it better, let’s suppose you are offered a job where you will spend B/18.⁰⁰ daily (transportation, snacks, lunch) and you will earn B/40.⁰⁰ on workdays. Do you find it attractive? Now imagine that you are offered another opportunity elsewhere where you will only spend B/1.90 daily (transportation, snacks, lunch) and you will earn B/40.⁰⁰ on workdays. Which of the two offers would you choose? Of course, the one where you spend less if you are going to earn the same amount in the end.
Well, the same happens in trading. There are assets that require little margin and you earn the same as if you were trading with BTC, ETH, BNB, etc., etc., etc. Did you know that? Well, it’s just a matter of grabbing pen and paper and taking note of all that you can. You might be in for a big surprise.
$WBETH UN UNMATCHED INDICATOR. Bollinger Bands measure market volatility, as well as overbought and oversold conditions. They consist of three lines: a SMA (the middle band) and an upper and lower band. The settings can vary, but typically the upper and lower bands are two standard deviations away from the middle band. As volatility increases and decreases, the distance between the bands also increases and decreases.
Generally, the closer the price is to the upper band, the closer the asset may be to overbought conditions. Conversely, the closer the price is to the lower band, the closer it may be to oversold conditions. For the most part, the price will remain within the bands, but on rare occasions it may exceed them or fall below them. While this event may not be a trading signal in itself, it can act as an indication of extreme market conditions.
Another important concept of the bands is called a squeeze. It refers to a period of low volatility, where all the bands come very close to each other. This can be used as an indication of possible future volatility. Conversely, if the bands are very far apart, a period of lower volatility may follow.
$AAVE ¿ WHEN TO EXIT A TRADE ? For traders, knowing when to exit a trade is as important as knowing when to enter. A well-planned exit strategy can help you protect profits, minimize losses, and reduce emotional decision-making.
There are several options according to your preference: • stop-loss orders, • profit-taking targets, • trailing stops, • DCA or technical indicators. Whichever you use, having a clear plan will help you stay disciplined and adaptable.
One of my favorites is: Parabolic SAR (stop and reverse) Example: The Parabolic SAR indicator plots points above or below the price. When the points shift from being below to above the price, it signals a potential exit point.
Try experimenting with different combinations to find what works best for your trading style and goals, and remember that long-term success comes from disciplined execution and risk management, not from guessing.
$ATOM THE PLANETS MUST BE ALIGNED TO OPEN A TRADE. Haha. Trading is easy, I mean the problem is entering the market. A bad entry is what causes us so many losses, because we have to wait, wait, and that's precisely what we don't like.
In my case, I'm with ATOM. The StochRSI reached 100 on the 1D (it is overbought). Now it will change direction, so I have to wait for it to break the structure on the 1h, and for it to show bearish on the m15 as well, in order to enter sales on the m5. It's like the combination of a safe, all the numbers must match to open the box.
That requires patience, and to help me I have already set alerts on the impulse that caused the highest high to know when that structure breaks.
Imagine you are in a car going 70 km per hour and you release the accelerator. Without pressing the brake, could you calculate how far the car will go before stopping: 1km further, 2km further, or, 3 km further?
Well, this is roughly how I see the RSI. This indicator tells me the strength that the asset has and gives me an idea of where it might stop. This would help me calculate my PROFIT. Although in this case it might reach 3 km further, I would set my profit at 1 km.
ONE OF MY FAVORITE INDICATORS. What is the Stochastic RSI?
The Stochastic RSI, or simply StochRSI, is a technical analysis indicator used to determine whether an asset is overbought or oversold, as well as to identify current market trends. As the name suggests, the StochRSI is a derivative of the standard Relative Strength Index (RSI) and, as such, is considered an indicator of an indicator.
The StochRSI indicator gains its most significance near the upper and lower bounds of its range. Therefore, the main use of the indicator is to identify potential entry and exit points, as well as price reversals. Thus, a reading of 0.2 or less indicates that an asset is likely oversold, while a reading of 0.8 or more suggests that it is likely overbought. Additionally, readings closer to the midpoint line can also provide useful information regarding market trends. For example, when the midpoint line acts as support and the StochRSI lines consistently move above the 0.5 mark, it may suggest the continuation of an upward or bullish trend, especially if the lines begin to move towards 0.8. Similarly, consistently readings below 0.5 trending towards 0.2 indicate a downward or bearish trend.
In summary, due to its higher speed and sensitivity to market movements, the Stochastic RSI can be a very useful indicator for analysts, traders, and investors, both for short-term and long-term analysis. However, more signals also mean more risk, and for this reason, the StochRSI should be used alongside other technical analysis tools that can help confirm the signals it generates.
Before diving into the world of cryptocurrency trading, it is essential to invest time in learning. You can rely on the educational courses from Binance Academy to understand the basic trading concepts and the specific cryptocurrencies you are interested in.
Selecting a reliable cryptocurrency exchange is crucial. For newcomers, it is recommended to start with a centralized exchange. As you gain more experience in cryptocurrency trading, you will be able to explore decentralized exchanges at a later stage.
We have always been sold the idea of buying when the price is low, but is that true? The truth is, NO. 1st. The market first needs to have a solid reason to change its bearish structure (order block, imbalance, liquidity, gap). 2nd. You have to wait for the price to break the lowest low you have, as long as it's in the same timeframe where point 1 is located. 3rd. It is most likely that this breakout will leave some imbalance; you just have to wait for it to be claimed and, 4th. Voila! Enter your trade and let me know how it went.
This is why trading requires a lot of patience, because you never know when this breakout will happen. For my part, I use alerts to know when it will happen, so I don't have to be glued to the chart every day, just at the right moment.
Can you find these three points in the following chart?
It is true, trading can be very stressful, especially if you want to make entries daily. To mitigate it, use tools like ALERTS. I love them because I can set them to notify me when the price enters my zone, so I don't have to keep looking at the chart all the time. Have you tried them? Do you know how many alerts you can set per asset?
$ANIME ¿WHY DO WE LOSE MONEY IF WE ALL SEE THE SAME GRAPH?
It seems we still don't understand that to catch a criminal, the police must think like him. The market is not going to move where we want it to; we shouldn't guess as if it were a casino or a game.
This is a business, and the big whales want everything for themselves. We need to look at the chart and think like them because they know exactly where you'll enter and where you'll exit.
When opening a trade, I find it helpful to be like a chef when frying an egg; you must stand in front of the pan the whole time without taking your eyes off it, and the less time you spend in front of the stove, the better.
$SOL " WHEN SHOULD I EXIT A TRADE ". A good signal can be a candle with a long wick or shadow (almost 2 or 3 times the size of the body) which indicates that the price has been rejected by buyers or sellers and that there could be a rejection of a price level.