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GBPJPY SHORTA good opportunity to short. there is a nice downtrend forming as the price has broken out of the April range. A retracement to former support (MAGENTA HORIZONTAL RAY) also coincides with the 0.382 Fib and the S1 monthly pivot point. the COT data also shows speculators getting shorter on the pound and longer on the yen which can clearly be seen in this weeks price action. If you have any ideas supporting or on the contrary to my opinion please leave a comment. thanks and happy trading note: I am already short the pound in the form of a long EURGBP trade so I may only enter if that trade moves in my favour as I do not want to be over exposed to the pound, but I am definitely bearish.
Short
by EireTrade-Capital-Management
LTCM20 LONG Setup Perfect Entry: FOR 1:6 RRHello everyone welcome to this update. I'll keep it short. LTC Just broke out of the falling wedge channel which is bullish in nature We are witnessing a perfect retracement on the resistance turned Support trendline. We can take a safe trade here. #LONG ENTRY: 0.005905 TO 0.005915 TARGET: 1. 0.006054 2. 0.006120 3. 0.006206 4. 0.006285 STOP LOSS: 0.005840 Risk: Reward ==> 1:6 (Highly profitable) Period of trade: 2 to 7 days Portfolio Allocation: 2 to 5% A perfect trade IMO. Please hit that like button if you agree with this setup. All the best. #Peace
LLong
by Cryptorphic
3
Update on bull/bear cyclesWhat if we were all wrong and the bear market ended up just right now ? What if the btc price needs to touch this 200 Weekly SMA to pump again ? What if this sell of is miners preparing for the next coming month of poor btc production and low price ? For the miners to have the same gains after the halving as the last weeks, they would need a 16 to 20K (the double) to have the same gains. This is unlikely to happen in the coming weeks, so they sold many btc at 8-10K to assure a revenue in $ for the next weeks. Ideas ?
BNC:BLX
by crypto_sjk
2
Education using BTSI'm eternally bullish on BTS, but a year-long bear situation is possible... When trading, look at the risk to reward. Shorting to the bottom of the triangle would yield 50% returns. Although you may get the false pride of buying the bottom. However, longing to the NEAREST resistance level is 100% returns. Longing to the second nearest resistance level is 300% returns. There is lots of infighting in the Bitshares community right now, but at least there is fighting going on. There is no growth without decay. Who knows? Good luck.
POLONIEX:BTSUSD
by jjjk00
4
3:1 R/R 100 PIPS SetupAnother solid Risk to Reward setup here. I cannot stress how important it is to have a good Risk to Reward ratio under pinning all of your trading decisions. I always look for 5:1, 4:1 or at least 3:1 reward for any capital I put at risk. This means that even if im performing badly and placing more losers than winners, I'm likely to at least break even or even sneak some profit overall. My reason for placing this short is fundamentally the euro is weak, its main pair EURUSD hit new lows today. While fundamentally the Canadian Dollar is under pinned by strong Oil prices. In terms of technical analysis, I am targeting a retest of the broken trend line here to provide some impetus for bears.
Short
by JoelWarby
IS IT WORTH TAKING THE TRADE? THE FINAL DECISIONSSo you have the "perfect" setup; all the stars align and you feel utterly confident in taking the trade, but should you? I have a process that must be completed before I even think about pressing the trigger. Fundamental analysis points me in one of two directions, then from there I'm either short or long. I then look if there is a technical entry point that lines up in the way I want to enter. The final step to take is too see what target will be and what my R:R is. For those that don't know R:R is risk to reward. So if you have 1:1 R:R and you risk 1% of your capital on a trade, then you stand to gain only 1%. This is pretty much a 50/50 gamble, and we don't gamble in trading. If all the stars align and the R:R is 1:1 DON'T TAKE THE TRADE, MOVE ON! We win by having better winning trades than looser's. Ideally I want a 1:1.5 R:R, ideally 1:2 (So if i risk 1% and my trade reaches TP I gain 1.5% or 2%). If I have a R:R less that this I stay away or risk 0.5% on a trade, but I advise you stay away from the trade and look for another opportunity. After all, there are infinite entries in the future. Happy Trading.
by joebrownFX
How to use the Risk to Reward/PnL toolHeyaaaa As promised, here's the video tutorial showing in silence/muted how to use the new indicator published today Risk-Reward-InfoPanel/ I'll try from next week to buy a microphone and you'll all hear how nice is my french accent.... I can imagine the complains I'll receive saying no one understood anything. Will be fun for sure Anyway, please let me know in the comments section if anything is not clear. You have the source code for FREE so I'll hope you'll learn from it and invent something cool, sharing with the community and pay me royalties. Don't forget the French arm who fed you in your young trading years my apprentices. PS Remember my Trade Manager (Open Source) version ? Trade-Manager-Open-Source-Version/ ? You for sure can connect the Take Profits and Stop Loss to a Risk/Reward and PnL panels. This will update in real-time your PnL based on the data on the chart this time I did it myself this afternoon with my version of the Trade Manager See y'all tomorrow for a new indicator/new day Dave
BITMEX:BTCUSD.PEducation
by Daveatt
2
Bitcoin: halving is pressurizing market sellers, again 2015 : the market was too primitive at the time for the bullish prerequisites to be relevant, but let's still do it: - Bottom of the market and coming halving in 2012 : 371 days. - Bitcoin dropped around 90% from its cycle top, at least 1 year before the halving - Bitcoin was above the weekly 50 Smma and used it as a support at least 6 months before the halving 2015 - Bottom of the market and coming halving in 2016 : 546 days. - Bitcoin dropped around 85% from its cycle top, at least 1 year before the halving - Bitcoin was above the weekly 50 Smma and used it as a support at least 6 months before the halving 2019: - Bottom of the market and coming halving in 2020 : 525 days. - Bitcoin dropped around 85% from its cycle top, at least 1 year before the halving - Bitcoin is above the weekly 50 Smma and is using it as a support at least 6 months before the halving Morals of the story : Beeing long term bearish now (new lows, bitcoin goes to zero) is beeing counter trading the main behaviour of the Bitcoin market itself, which is very risky. If Bitcoin settles below the weekly 50 Smma starting from now, be very fearful. Odds to revisit the low 6k-high 5k area: low Odds to revisit the 3k area: almost null Take care
BNC:BLX
by Giovi6969
1
Bitcoin Halvening EST 23rd May 2020 Bullish case for BTC Looking at the previous 3 halvening on Bitcoin Price increase based on price of btc at halvening date & top price in between the halvenings 2012 -10$ + 9000% to $1177 by DEC 2013 2016 $684 + 2500% to $19764 by Dec 2017 2020 ? + 800% by Dec 2021 history shows The % increase in price after each halvening decreases by almost a factor of 3 The key is what price will the price be at the next halvening then multiply that by 800% to get the top of the next Bull market in between the 2020 & 2024 halvening looking at previous bear market the drop from the top has been 67% If a similar scenario happens that implies a price of $6500 by 2020 multiplied by 800% (the increase after the halvening has taken place. Next Bull market top could be " $52000 " BITCOIN to HIT vicinity of $50000 By DEC 2021 Just an idea. Dont @ me
BNC:BLXLong
by acdmbe
2