[TF] Crypto Trading

2023-01-10 14:05:13 #BTCUSDT 2h

Greetings friends!
The market is quite bullish, especially altcoins.

In general, it is not quite clear whether we're in a bullish trap or we are actually undergoing a reversal.

As I said before, it looks like a reversal but since we've had the same triggers in the last few months, it's hard to say for sure.

BTC was testing 17400 yesterday, and could not reach the target I marked at 17500. The main thing is not to go below 17100 / 17150.

Dominance at night fell below 41%, and quite strongly. Individual alts showed from 5 to 20 percent of net movement. But in general, the altcoin market is growing well against the backdrop of positive. I mentioned this, that this is how it should happen, even if BTC does not grow, it will still be a foothold.

Of course, Solana became the headliner. Already in the morning, rumors spread that Google allegedly ransomed 800,000 sol. In general, they tied the news to growth, a common thing. So far, there has been no official confirmation! Open / Comment

2023-01-09 19:46:42 Open / Comment

2023-01-09 17:04:33 #GALAUSDT 1D

Saw a strong interest towards GALA, so I decided to break it down too.

They started pumping it yesterday, and at first it didn't seem like a strong impulse, but the whole market went up, so this reaction is a norm.

For more than half a year, GALA was in a downtrend, occasionally trying to break through. Now we see a 250d breakthrough + touching MA200, which is a rather serious statement.

Everyone who was shorting Gala yesterday was liquidated, and there were a lot of margin-calls, believe me.

When a coin breaks through such a trend, the structure is broken and the price can simply turn around and grow. With retests, but go further and further up.

Now you can go short for 1/5 of the highlighted deal. Or if there is a good retest you can gain longs.

GALA is overheated, so many went shorting it, keep in mind Open / Comment

2023-01-09 14:37:01 Logical reversal or a bear trap?
I advise you to read to the end

While Bitcoin is trying to reach the 17500 resistance zone, while dominance is falling rapidly and altcoins are rising, let's look at the situation from a different point of view.

Reversal triggers?
A lot of indicators, strategies, schemes, etc., point to a reversal, the thing is that all those indicators have been telling us exactly that for the past 4 months. Therefore, we need to soberly assess the situation.

Bull started?
According to my information, last week the institutionals brought some money into the crypto, but we will only find out about that after an official report.

Big trap?
People came after the holidays energized and ready to work, move the market up. There are no reasons, but there is faith and desire and that's enough.

If we stay above 17500 and everything is fine with the news background and data, then the target will be around 19200.

For those who remained outside the trend
First of all, don't catch FOMO, it's strictly forbidden!
It is dangerous to enter a full deposit at 17300 in an overheated market.

You can accumulate positions a little bit. As you grow, accumulate longs and insure your profits. Thus, you do not risk getting a big lose, but at the same time continue to grow.

Always think with your mind but not your heart


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2023-01-09 12:04:56 Greetings friends!

As I said, the impulse should be anticipated at the start of a new week- voila

BTC closed above 17000 at night and we immediately got a nice movement. I pointed it out in TechAnalysis yesterday.

In trading, we need to rely on triggers and react from them. Scenario A happened — growth, scenario B worked out — Short. There is no guessing!

In general, we have room for growth. There is no strong resistance at 17200 / 17300 zone, only a local accumulation to continue the move to 17500, we already have Order Block and a resistance level there.

The main trigger for growth is not to go below 17100 / 17150. But if we go down to this range and bulls will dominate, then we'll have a nice flight to 17500 at least.

And altcoins do grow immensely in a parabolic trajectory, because the BTC domination has dropped almost 1% overnight
SOL / LTC / ADA went up the most

I got some thoughts that I will share with you a bit later because I have some doubts...

All in all, everything is ok. The only reason why everything can go SHORT is a bad data from the US Government — expect December 12th!


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2023-01-09 12:04:20 #BTCUSDT 1h Open / Comment

2023-01-08 18:50:53 The market is too boring, BTC stands still. I don't want to just drop a chart and invent that there is something there.

Bitcoin is in calm state and this is a norm. I anticipate movements at night, the morning technical analysis is still relevant!

This week will be volatile, especially in the middle of it as there will be extremely important data related to the US economic state.

I advise you to relax and gain strength for a new working week

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2023-01-08 15:51:51 What is risk management?

We are constantly managing risks throughout our lives - either during simple tasks (such as driving a car) or when making new insurance or medical plans. In essence, risk management is all about assessing and reacting to risks.

Most of us manage them unconsciously during everyday activities. But, when it comes to financial markets and business administration, assessing risks is a crucial and very conscious practice.

1. Setting objectives
The first step is to define what are the main goals. It is often related to the risk tolerance of the company or individual. In other words, how much risk they are willing to take to move toward their goals.

2. Identifying risks
The second step involves detecting and defining what the potential risks are. It aims to reveal all sorts of events that may cause negative effects. In the business environment, this step may also provide insightful information that isn’t directly related to financial risks.

2. Risk assessment
After identifying the risks, the next step is to evaluate their expected frequency and severity. The risks are then ranked in order of importance, which facilitates the creation or adoption of an appropriate response.

4. Defining Probability
The fourth step consists of defining responses for each type of risk, according to their level of importance. It establishes what is the action to be taken in case an unfavorable event occurs.

5. Monitoring
The final step of a risk management strategy is to monitor its efficiency in response to events. This often requires a continuous collection and analysis of data.

I hope you will remember these points and they will help you


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2023-01-08 12:13:51 #BTCUSDT 45m

Greetings friends!
There were no strong movements this night, Bitcoin is moving in a tight range

There was one touch at 16910 as it was during the day, but the price quickly returned to 16950. We see a strong decline in volumes at the weekend, but this is a norm.

We are still maintaining a 16900 level and that's not bad. You can expect a movement tonight. Either a huge dip and a quick reversal to 17100, or just a dip.

At the moment there is very little data to draw any conclusions, but I will observe.

Dominance's at around 41.62%
Alts moved up pretty good at night, some even hit 1.5%

More updates throughout the day


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2023-01-07 16:57:43 #MATICUSDT 2h

After a major break down, matic has a daily range of 0.75 / 0.825 for almost a month.

Now we are just trying to get to the upper border, but so far there is not enough strength. I think it's because of Bitcoin not being able to break through a structure at 17000.

Short-term, we see an uptrend that should go to a daily range upper border.

In case of successful consolidation above the range, I expect a move up to 0.875 / 0.890 , that is approximately 10% of pnl. There it'll find a first block order that will have to be filled, a logical rollback should follow. Stop Losses in this case will be collected in the 0.9 region.

There is information that the Matic awaits some good news at the end of February / mid-March. If the market is not bullish, the news may be delayed.

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