CRYPTO EASE ™️

2023-05-18 12:11:41 Bitcoin spot trading volume has been rising in emerging markets and Japan in 2023, but falling in most developed markets Open / Comment

2023-05-18 09:55:34 #Bitcoin update (Continue)

Breakdown of head and shoulder pattern's neckline impacted Bitcoin negatively.

Price decline observed, but no retest of neckline occurred.

Rejection from neckline could lead to further price drop.

Breakout above neckline may result in upward price movement.

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Pin Our Channel On Top For More Free Trading Calls Open / Comment

2023-05-18 07:12:13 Open / Comment

2023-05-17 20:41:01 BTC UPDATE (Part 1) — What Happened?

1. After a massive dump on Friday, the price was quickly returned to $26,800 zone. It was a good bounce and if the price consolidated above $27,000 - $27,100 range it would be a perfect setup for a LONG position.

2. And there WAS consolidation on Monday, the price moved upwards afterwards.

3. Those people who didn't buy lower, put massive buy orders in the $27,000 -$ 27,200.

4. Then, sales appeared. It was a positive factor at the first glance, since the buy orders were filling. However, sales were way too powerful and after the orders were filled, the dump continued.

5. As the result the price went below the $27,000 level and no one wants to buy Bitcoin here already.

Overall — the current case is not bullish. I will post a second part with the forecast a bit later today. Open / Comment

2023-05-17 18:00:03 Iraq bans US dollar transactions, promotes use of local currency Open / Comment

2023-05-17 16:40:49 Investing in a dedollarizing world?

Consider these options:

Precious Metals: Gold and silver as currency hedges

Real Estate: Property remains a solid investment class

Stocks: Diversify with non-US stocks, especially in Asian markets

Bitcoin: Growing adoption and potential as a Plan B currency Open / Comment

2023-05-17 13:29:34 *Financial emergency in US.....Biden's Australia visit and quad summit too cancel* Open / Comment

2023-05-17 10:17:14 #Bitcoin update (Continue)

BTC price remains within the current pattern, indicating a lack of upward momentum.

Continued allegiance to the pattern suggests a potential breakdown shortly.

The immediate support level lies around $26,700.

A breach below this level could initiate a bearish trend in the price of Bitcoin.

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Pin Our Channel On Top For More Free Trading Calls Open / Comment

2023-05-17 10:13:35 #Binance Will Support the #LUNC and Kava #KAVA Network Upgrades Open / Comment

2023-05-16 22:21:50 ​​ "Profit/Risk Ratio" - what is it and how to use it?

Professional traders use the profit/risk ratio to estimate a possible profit in relation to a possible loss. In order to understand how much is the profit/risk ratio, the trader needs to determine both potential profit and potential loss. The potential risk is the difference between the entry point in the position and the stop order. The potential profit is the difference between the entry price and the target order.

If you buy Bitcoin at $6900, place a stop order at $6800 and take profit at $7200, the risk will be $100 ($6900 - $ 6800), and the profit will be $300 ($7200 - $6900).

Comparing the risk with the possible profit, we get the ratio: risk/profit = $300/$100 = 3

If the ratio is bigger than 1.0, it means that the profit is bigger than the potential loss.

Why is it useful?

Let's use the statistics.
The table below shows the dependence of the probability to lose the whole deposit on the accuracy of your trades and the profit/risk ratio in each trade. So, we can see that even if your strategy has only 60% accuracy, but at the same time, the profit/risk ratio is at least 1.5:1, you can already be sure that you will not lose all your money. But if the ratio is 1:1, with the same 60% accuracy, the probability of losing the deposit with a series of unprofitable trades is already 12% Open / Comment