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DOGE USD It's Noobelisious !The Content is not intended to be a substitute for professional trading or medical advice , diagnosis, or treatment. Always seek the advice of your broker, physician or other qualified advice provider with any questions you may have regarding any condition or feeling you may have. This product is not intended to diagnose, treat, cure, or prevent any symptons that may or may not have been caused by fud or fomo. Be aware that consuming hopium is solely at your own risk and that moderation is strongly adviced if you choose to do so.
BITFINEX:DOGEUSD
by Rekt4Sure
7
📚EDUCATION: THE BASICS OF TRADING EXPLAINED📚 Hello, Traders! The basics of what it takes to be a successful trader are simple and obvious Yet daily, I see traders who fail at one or multiple KEY points that sink their performance and they keep losing accounts even though these people do have the understanding of the market that would have been sufficient enough for them to be profitable if they followed the basic rules. Trading is as much about pattern recognition and capacity for abstract thinking as it is about the personality type, self-discipline, and specific mindset. The lucky few are born fit for trading, but others might train themselves. Below, is the breakdown of the basics behind the day trading! ✅TRADING IS A BUSINESS NOT GAMBLING 99% of the new traders have unrealistic expectations of the kind of returns trading might deliver. To make matters worse, they do not realize that it will take years of trial and error before they can make trading Their only source of income. These delusions make the newbies treat trading like gambling. To AVOID this, please follow these 4 easy steps: 🔥SET AND KEEP YOUR RISK-REWARD. I recommend risking no more than 1% of the deposit per each trade, which also implies using a variable lot size for every trade, so that no matter the SL size in pips, or the pair you are trading, the dollar value of the RIKS remains the same with each trade. That way, you are in full control of the risks you are taking. 🔥DO NOT GO ALL IN. Sounds obvious, but I’ve seen it so many times. New traders, who lost 70% of the account, GO ALL IN on one trade that they think might help them recover the balance. That is NEITHER a way to trade, nor a way to learn. Slowly losing your account while learning how to trade, is simply a fee that you are paying the market for your education. Accept it or fail. 🔥PROTECT CAPITAL=USE SL I can’t stress this enough and I BEG YOU to use SL. Do NOT enter the trade thinking that if the SL level that you had in mind is hit you will close manually. You will NOT close the position, and the longer you hold it the more is the temptation to wait a bit more because it seems that the reversal is coming soon. 🔥CUT LOSSES Set a daily loss limit. For example, you can Ban yourself from trading for the rest of the day if you lost more than 3 trades in a row. You will enter what is called a tilt most likely, and you will NOT be productive that day. The same goes for a week. Lost more than 10% of the account in a week? Next week NO TRADING for you. Watch the market passively, or trade on the demo! By the way, That can be helpful even for professional traders too! ✅KEEPING A COOL HEAD IS KEY The ideal trader is the one who can set all emotions aside as a robot would, while simultaneously keeping the versatility of the human mind and the intuition, that the machines lack(yet). It is of utmost importance for the new traders to understand that being right about the direction but entering too early or too late is the same as being WRONG because the result will be a LOSS. Here is how to keep cool: 🔥CONTROL YOUR EMOTIONS. Both euphoria and a panic attack are your enemies so the more detached you are, the better. Emotions are for the casino, and we are doing business here, remember? 🔥AVOID FOMO( FEAR OF MISSING OUT) That one applies mostly to the trades that you are not so sure about, but still want to take them, in fear of not making money. And the early entries are determined by FOMO too( what if the price does not reach my limit order, and the trade plays out well, but without ME?) FOMO is Incredibly counterproductive, don't let it control you! 🔥DON’T FOLLOW OTHERS Avoid herd mentality! 99% of traders lose money, so doing what everyone does inevitably lands you in the 99% category. 🔥BUILD A WATCH LIST A LOT of the beginners try to PREDICT behavior of the particular instrument that they decided to trade for some reason, instead of going through the pairs looking for a ready setup that you KNOW works. The former approach leads to finding patterns, key levels, and setups that just aren’t there. Naturally, the result of trading these is an inevitable LOSS.You should Build a watchlist big enough for your to have a choice, and go through it at regular intervals, looking for opportunities but NOT INVENTING them. ✅ CONSISTENCY OVER BOOM-BUST STYLE Consistent trading is the only way to make trading a reliable source of income. Slow but steady gains always beat leap-like boom-bust performance. The psychological pressure of the latter will most likely break you sooner or later, and who needs gray hair in their 30es anyway? That is how you achieve consistency: 🔥FIND A STRATEGY Do the research on multiple trading strategies and pick those that you understand and that are compatible with your personality. 🔥USE PAPER TRADING AND BACKTESTING To select which strategy is right for you, use backtesting to see how the strategy performed in the past. And use paper trading to see how the strategy works in real-time.Once you chose the strategy, go back to paper trading and backtesting to polish it. 🔥TRACK YOUR TRADES Keeping track of your trading! Working with that data is an invaluable tule for the trader, that helps identify your strengths and weaknesses, while also helping you notice patterns in your trading that would have been left unrecognized otherwise. 🔥FORMALIZE YOUR RULES Objectivity is KEY for consistent trading because during the rough patches of the market, being sure of your rules helps you stay in the market, waiting for the tailwind, instead of questioning your strategy or your implementation of it. Create a strict ALGORITHM and follow it step by step. In order to do that, you need to define every element of your strategy as precisely as possible. For example, a level for you is a daily horizontal level with at least 3 touchpoints, a breakout is valid only if the 4H candle closed above the level, etc... The less vague the terms, the fewer emotions will be involved in deciding whether to enter the trade or not. ❗️IN CONCLUSION: If you want to become a trader, remember: 1- It will take YEARS to learn how to trade. 2- You will lose a TON of money in the process 3- You will FAIL with 95% probability. 4-Realistic returns from trading are WAY lower than you think 5-BUT when you succeed, you will set yourself free! Please SUPPORT This Idea By A LIKE and COMMENT!
Education
by TopTradingSignals
2
📚EDUCATION: THE BASICS OF TRADING EXPLAINED📚 Hello, Traders! The basics of what it takes to be a successful trader are simple and obvious Yet daily, I see traders who fail at one or multiple KEY points that sink their performance and they keep losing accounts even though these people do have the understanding of the market that would have been sufficient enough for them to be profitable if they followed the basic rules. Trading is as much about pattern recognition and capacity for abstract thinking as it is about the personality type, self-discipline, and specific mindset. The lucky few are born fit for trading, but others might train themselves. Below, is the breakdown of the basics behind the day trading! ✅ TRADING IS A BUSINESS NOT GAMBLING 99% of the new traders have unrealistic expectations of the kind of returns trading might deliver. To make matters worse, they do not realize that it will take years of trial and error before they can make trading Their only source of income. These delusions make the newbies treat trading like gambling. To AVOID this, please follow these 4 easy steps: 🔥SET AND KEEP YOUR RISK-REWARD. I recommend risking no more than 1% of the deposit per each trade, which also implies using a variable lot size for every trade, so that no matter the SL size in pips, or the pair you are trading, the dollar value of the RIKS remains the same with each trade. That way, you are in full control of the risks you are taking. 🔥DO NOT GO ALL IN. Sounds obvious, but I’ve seen it so many times. New traders, who lost 70% of the account, GO ALL IN on one trade that they think might help them recover the balance. That is NEITHER a way to trade, nor a way to learn. Slowly losing your account while learning how to trade, is simply a fee that you are paying the market for your education. Accept it or fail. 🔥PROTECT CAPITAL=USE SL I can’t stress this enough and I BEG YOU to use SL. Do NOT enter the trade thinking that if the SL level that you had in mind is hit you will close manually. You will NOT close the position, and the longer you hold it the more is the temptation to wait a bit more because it seems that the reversal is coming soon. 🔥CUT LOSSES Set a daily loss limit. For example, you can Ban yourself from trading for the rest of the day if you lost more than 3 trades in a row. You will enter what is called a tilt most likely, and you will NOT be productive that day. The same goes for a week. Lost more than 10% of the account in a week? Next week NO TRADING for you. Watch the market passively, or trade on the demo! By the way, That can be helpful even for professional traders too! ✅KEEPING A COOL HEAD IS KEY The ideal trader is the one who can set all emotions aside as a robot would, while simultaneously keeping the versatility of the human mind and the intuition, that the machines lack(yet). It is of utmost importance for the new traders to understand that being right about the direction but entering too early or too late is the same as being WRONG because the result will be a LOSS. Here is how to keep cool: 🔥CONTROL YOUR EMOTIONS. Both euphoria and a panic attack are your enemies so the more detached you are, the better. Emotions are for the casino, and we are doing business here, remember? 🔥AVOID FOMO( FEAR OF MISSING OUT) That one applies mostly to the trades that you are not so sure about, but still want to take them, in fear of not making money. And the early entries are determined by FOMO too( what if the price does not reach my limit order, and the trade plays out well, but without ME?) FOMO is Incredibly counterproductive, don't let it control you! 🔥DON’T FOLLOW OTHERS Avoid herd mentality! 99% of traders lose money, so doing what everyone does inevitably lands you in the 99% category. 🔥BUILD A WATCH LIST A LOT of the beginners try to PREDICT behavior of the particular instrument that they decided to trade for some reason, instead of going through the pairs looking for a ready setup that you KNOW works. The former approach leads to finding patterns, key levels, and setups that just aren’t there. Naturally, the result of trading these is an inevitable LOSS.You should Build a watchlist big enough for your to have a choice, and go through it at regular intervals, looking for opportunities but NOT INVENTING them. ✅ CONSISTENCY OVER BOOM-BUST STYLE Consistent trading is the only way to make trading a reliable source of income. Slow but steady gains always beat leap-like boom-bust performance. The psychological pressure of the latter will most likely break you sooner or later, and who needs gray hair in their 30es anyway? That is how you achieve consistency: 🔥FIND A STRATEGY Do the research on multiple trading strategies and pick those that you understand and that are compatible with your personality. 🔥USE PAPER TRADING AND BACKTESTING To select which strategy is right for you, use backtesting to see how the strategy performed in the past. And use paper trading to see how the strategy works in real-time.Once you chose the strategy, go back to paper trading and backtesting to polish it. 🔥TRACK YOUR TRADES Keeping track of your trading! Working with that data is an invaluable tule for the trader, that helps identify your strengths and weaknesses, while also helping you notice patterns in your trading that would have been left unrecognized otherwise. 🔥FORMALIZE YOUR RULES Objectivity is KEY for consistent trading because during the rough patches of the market, being sure of your rules helps you stay in the market, waiting for the tailwind, instead of questioning your strategy or your implementation of it. Create a strict ALGORITHM and follow it step by step. In order to do that, you need to define every element of your strategy as precisely as possible. For example, a level for you is a daily horizontal level with at least 3 touchpoints, a breakout is valid only if the 4H candle closed above the level, etc... The less vague the terms, the fewer emotions will be involved in deciding whether to enter the trade or not. ❗️ IN CONCLUSION: If you want to become a trader, remember: 1- It will take YEARS to learn how to trade. 2- You will lose a TON of money in the process 3- You will FAIL with 95% probability. 4-Realistic returns from trading are WAY lower than you think 5-BUT when you succeed, you will set yourself free! Please SUPPORT This Idea By A LIKE and COMMENT!
Education
by TopTradingSignals
110
#BTCUPDATE - 23.7.21 BULLISH DIVERGENCE IN PLAY Continuing to look bullish on BTC. Negatives first - we are in ascending channel on the 1hr which usually means a break down is coming - but how far? Probably to about $32k wcs at $31k where there is big support sitting. We still havent comfortably broken the 20 DEMA which is my biggest concern. Positives - Big bullish divergence on the daily along coming out of the Falling wedge, whilst being oversold. All very strong reversal signals - coupled with the positive news circling BTC from every angle. The noise of the regulatory issues is being muffled now. Personally start weighting your bags for BTC around this region as looking less and less likely a drop below $30k now. Although regulations and government CAN do that so be wary still. My play - Long to $33k, take profit short to possibly $32.2k and then rid up to $34k. Alternatively you can just stay long to $34k for ease. I am not really bearish at all short term. $33.3k is my next major resistance.
by Kryptochristian
3
#BTCUPDATE - 21.7.21 - THE B-WORD.... This is a refreshingly bullish scenario for BTC - braking back above $30k after a sustained day under it and then straight back above $31k shows Bulls are here to play. $31k is key to hold at the bare minimum here - getting above $32.2k is a very positive sign. It is going to be a rocky road but getting back above $30k was so critical. So much hangs on this B-Word as Elon could literally come out with anything so lets hope its bullish. My play for BTC is to wait until after Midday EDT and if we hold above $31k then long to $32.2k If we sink below $31k then it is back to looking at a short to $30k and then on to $28.2k. It is positive news today but be careful still we are still long way from a long term bullish sentiment.
by Kryptochristian
1
BITCOIN: 69 DAYS OF HELL!It was 69 days of real hell, as Bitcoin crashed to a 61.8% Fib. Some will recall (or not) that I had said the daily trend switch was important. I was not flavour of the last 2 months for sure. Was I a doomsday predictor? I was not! The chart said something - not me. And now there is mounting excitement at the 61.8 Fib. Depending on which news you read, you will hear that some are calling 30,000 as a way point for a reversal, to 500,000! Some say, " It can't go any lower. " How do they know? What people want is someone to predict the future for them. This daily chart is saying something important: ' The trend south is not over '. A significant level for a trend change would be above 40,000. But getting above 40,000 is not 'the thing'. The speed at which price gets above 40,000 would be important. How? Price behaves like a physical object, it tends to carry momentum. I tend to look for accelerations and sustained lift off (or breakdown). So - what's next? How would I know? I'm waiting on the market to tell me. At this particular point in time (on the daily time frame), the chart is saying ' probability is still for the south '. The news is saying ' long now! ' Is the trend your friend or is the news your friend? The choice is yours. Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which have a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts or investing in any asset class. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
BITSTAMP:BTCUSD
by Captain_Walker
1
Weekend Update For The Weak Hands :)Let's look at pure price delivery. Legend: - Blue lines are Monthly, Weekly and Daily highs. - Red lines are Monthly, Weekly and Daily lows. - The thinner the lower timeframe - Green lines are supply downtrend from different highs. Resistances: 1- $35.750 is the old weekly high as the first strong resistance 2- $36.600 is the highest daily breach of the old weekly high, possible breakout point 3- 50 period MA will be at $36.573 on Sunday coupled with the old weekly high 4- $39.380 is the prievious weekly high as the second strong resistance 5- $41.330 is June High, standing as the strongest resistance Analysis: Price will always move towards liquidation as this is the job of market makers, so whenever a new trend starts, we see a move in the opposite direction in order to liquidate weak hands. This has just happened and weak hands who shorted below $33k yesterday are now in FOMO mode and will buy back just to get slashed. Given the strong resistances ahead, we need to see a very strong upward price action to clear these levels in order to turn bullish. Right now, there's a short term move up that has already started to meet these resistances and it's far from being a strong breakout. If you want to trade in sideways markets, use the old monthly, weekly and daily highs / lows as resistanance and support levels BUT, understand that these levels will be reached AND breached in order to liquidate weak hands. Don't be one of them. Trade Safe!
Short
by BitcoinMillio18
29
Phala is set for unknown highs ! Hey fellow traders it's been a while since I posted here, needed a break from the charts. But here I am back to share my alphas with everyone ! Never forget to DYOR though. So today I'm sharing a Phala chart on 1D since there's quite a bit of my indicators flashing and a quite important bullish divergence on RSI 14. Also as you can see I've made us a couple trend lines to keep track on a long period of time because " Money goes from the impatient, to those whose virtue is patience. " -Forgotten the name... On top of that, the actual trend angles are more than pretty signaling an almost imminent "scam wick" upside move add to that the insane money flow that just happened past sunday. I'm expecting it in 1-3 days but as always maybe I'm wrong so DYOR do not base your investment just with my insights these are ideas. That said I wish everyone an awesome summer and don't forget to enjoy life and stop looking at your binance mobile app every two minutes. I'm saying this 'cuz it was my case before taking time for myself. ' ^_^
by SatoShinobi
Do you have FOMO? This strategy might work for you! 👀NIO hit the 42 again, and we have a pivot that could trigger a buy, at 43.04. We have no RSI divergence, but we are still far from the 20ma in the 4h chart. Also, we still have a small divergence here. This makes me cautious about NIO. Either way, if it breaks the pivot mentioned in the 30min it’ll be a buy. It could be better, but if you have fomo just buy a small position, and if it drops to the 40.89, just buy more shares to complete your position. 😉 You'll have a good cost-basis, and if NIO flyies again, you won't be completely out. I’m out of NIO for now, but I’ll probably do this strategy. It is just like PLTR (check my PLTR analysis, btw). If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
NYSE:NIO
by UnknownUnicorn21312077
8
BITCOIN PROGNOSIS - DETAILED VIDEO I hope you guys enjoy this video. Here is the synopsis: FUNDAMENTALY: I am a buyer, I believe in Bitcoin thus I look for LONG set-ups The time to buy was here! 👈 This is how the ''1-2-3'' (Jan23) will become '4-5-6' (80%, this month) And this is why I HEDGE nowadays: Buy Cardano and Kusama as you see my last posts and I short Bitcoin at this stage. ps. Those who say 'I will buy at 20k🐷' might never get the chance to buy at 20k or 25k... ''no cookie for you😭'' Those who ''I run to buy RIGHT NOW! It's out of the triangle and the 'YouTube sentiment is positive again', you have small chances of buying now and not seeing a correction very soon...so be careful. Hope it Helps, Check my ideas below. One is from the last dip (30k, buy signal!) and the other one is from the resemblance this January (1,2,3 buy) the FXPROFESSOR
Long
by FX_Professor
4
BTCUSDT The Dirty Technical Analysis 6/1/2021 BTCUSDT / BTC USDT Bitcoin US tether. HOW I WILL FARM THIS MARKET GAINIING TOTAL OF 500% from alts / bitcoin / alts to Fiat USDT. (strong week for alts - but bearish for long term(monthly)) Pink rectangle should be the Sell area, Green rectangle should be my buy area. *Tips to myself is I will never fomo in to an alt that has huge gain already if I miss the btc flight... if I hold something; I will sell it all (or 50%) on the reds then continue to buy it back at the greens and time to accumulate more. never chase rather be patient. Be patient enough; That's the secret of the rich taking more profits from the impatient ones. Trade this with me... the reason why I did this is because not that I have the crystal ball with me. nor part of the whales; anytime, whales can always decide to FUD and crush the market if they have big institutions coming in. If HNS (blue) is a success expect that dip to 22K then people from huge co. or industries and retailers will buy their coins, and those who sell from 62k will buy more from 33k and waiting for 22k possibilities. from there i can say that we will be able to send greens that will break the sky and fly to the moon. possibilities: 110K from 22K BTC = expect ALTS with strong projects such as $ZIL $MATIC $XVG $VET $DOT $LUNA $ICP $TRIAS $HORD $KSM $EGLD $ADA $MATIC $XLM $XRP Psychanalysis: I always remember myself, when people fail to sell top. they hit the 7% decrease they will be afraid to sell still... afraid of "it may go up" Stop right there myself (i am talking to yself), always do the ABC break/retest whether we are coming up or coming down. Never ever fell in love with the coins when we are in a choppy momentum. Never deny that we are in the bear market (not season) because from there that the time you will lose many of your savings and profits that you could actually have pulled up long time ago. Trade the charting Trade the TA... Block all the noise. Stick to those who really know the process. BITBAY:BTCUSDT
Short
by PuyatanHoldings
2
Bitcoin☯️- FUD and FOMO have never been closerWas that dip one to remember? Maybe! Will the 'Fear Uncertainty and Doubt' give place to the Fear Of Missing Out? With some news of institutional investors buying into Bitcoin and with the fundamentals being well designed, the price can explode back up. Let's see what happens now that the psychological barrier of 40k has been breached again. Mind the resistance at 45k and we can go towards new all time highs faster than you probably think possible. the FXPROFESSOR
Long
by FX_Professor
16
Trading psychology - The key to success !!In this post, I'm going to focus on one of the most unpopular but most important topics of all. TRADING PSYCHOLGY !! The central issue in retail are feelings, especially fears. Anyone who wants to survive in retail in the long term needs mental knowledge and has to work hard on oneself all the time. The beginner neglects topics such as risk management, money management, position sizes mostly completely. This leads to the fact that he becomes insecure with every small movement. He is constantly afraid of not getting straight. Anyone who is in this emotional kaos, it is very difficult to achieve long-term profits. That is the main reason why most of them fail at trading. They trade emotions, not setups. All these useful tools are of little help if you are not able to use them with discipline. And only those who have their emotions under control will also rule the trade. Traders do not fail because of the system, they fail because of the implementation. Many studies have proven that. Do you know the advertisement. a good-looking guy, a hot blonde in the passenger seat of his lambos ... takes his cell phone out of his pocket, quickly places a buy order while driving, and 2 traffic lights further he has earned 3k..don't fall for such guys.trading is hard work ! I burned my portfolio 3 times before I got confused with my personal psychological problems. Already heard of the 90-90 90 rule: 90% of all traders lose 90 % of their portfolio in the first 90 days. Your spot on, the only way to succeed is hard work and control those emotions. Trade the chart not your heart. Safe trading everyone. First ask yourself frafe aller: Why do I trade, what do I want to achieve? The answer determines whether you want to trade as a game, as a hobby or as a business! The second important question is what psychological type are you Brain stem-oriented person: -person-oriented -avoid arguments -Customer - inflexible - strong need for security - are routine tasks This guy acts stomach-oriented, listens to others and avoids change - own trading style difficult to achieve diencephalic oriented person: - dominant character - gets straight to the point - can admit mistakes -acts impulsively -acts flexibly This type is quite suitable for scalps and daytrades - but you have to be careful not to over-trade strives for a safe distance -is a lone wolf -has little relation to his feelings -rational process-oriented - he keeps calm in the chaos This type has very good trading requirements, emotions on the interpersonal level will also be reflected in trading. Stop out-never mind. This type will certainly find its strengths in system.swing and position trading. All professionals went through hell in the first few years. Why should it be any other way for you? Are you ready to lose money in order to increase your portfolio much later in the long term? Are you ready to take many years of time for success? IF YES, YOU CAN DO IT !! WHIT COACHING TO THE GOAL !! if you want to become a good trader you should constantly work on further development. external coaching and self-coaching are the solution. every professional, no matter in which area they need help, just pay attention to the fact that they are not of the beginners in their suits reinfallen can be found on countless youtube channels. it cost me months, if not a year. IF YOU WANT, I M ALSO HAPPY TO ANSWER ANY QUESTIONS; JUST WRITE ME !! If you like my posts smash the like button, comment or follow me !! and I will expand this important topic into countless numbers
GEMINI:BTCUSDEducation
by TR7z
10