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10 public crypto trades for the last month - statistics on TVHello colleagues! Since 17 August 2023, we have changed the format of our ideas on tradingview. Instead of medium-term forecasts, where we shared the main and alternative scenarios of price movements, we started publishing potential trades. In addition, we backed these trades with specific amounts of money to show how cryptocurrency trading looks like in practice. From 17 August to the present day, the price of bitcoin has not shown a specific trend: Low volatility abruptly changed to high volatility and then subsided. For us, it was not a very pleasant time to trade. Nevertheless, we want to analyze 10 trades that we published during this period and share our financial results for the month. Trade #1 is a short on Bitcoin: In this trade, we tried to enter a short position on a rebound from the $29,000 range. However, the price of BTC fell without correction, without taking us with it. We allocated $5000 for this trade, but we failed to realize this drop. Therefore, we do not count this trade in our statistics. Trade #2 Long SUI In this trade, we entered at $10,000 and it was fully executed. Buyers were able to hold the range of $0.523 and take the price to our target of $0.6114. Notice how high the volatility was on the SUI chart. After this top bounce, the price of SUI dropped by $0.4188. On this trade, we took 16.84% of the price movement and earned $1450 . Why? We took profits in two places, at $0.58 and $0.6114. It was safer for us, as the other one does not always reach the desired target. Trade #3 Bitcoin long After the BTC price consolidation formed, we expected local manipulation to enter the position safely. However, sellers failed to update the local lows, and we again saw the BTC price move without a position. We had allocated $10000 for this trade, but again failed to jump into the trade. It's not good, the trade is not active, let's move on. Trade #4 LTC Long Since then, our understanding of the market has been failing us. However, the risk management did not let us down. The logic of the LTC trade was as follows: There was a downward momentum, which could have been the culmination of the fall A phase of position building began There was a local increase in the LTC price, which could indicate the start of a new wave. Understanding the market in this way, we expected to catch a 20% growth momentum on a local correction. The stop order was short - 3%. However, the price reached our stop order very aggressively and continued to fall by another 7.5%. We allocated $10000 for this trade. Considering that our stop order was 3.82%, we lost $390. Trade #5 Long C98 It was an experimental trade. You can probably tell by the target we set and the stop order. While Bitcoin was in consolidation, low-liquid assets began to make good waves of growth. By that time (2 September 2023), they had already risen by 100% or more: #AGLD #BLZ #CYBER #JOE #NMR And others Analyzing the cryptocurrencies that started strong impulses, we selected several cryptocurrencies in order to calculate who might be next. That is why we set a short stop order and halved the size of the position to $5000. The result was -$165. However, if the trade had been executed, we would have received $6000. Is it wise to get 20 stop losses at $165 to get one powerful trade? Write your answers in the comments! Trade #6 Long INJ The INJ trade is the second attempt to catch a powerful trade with low risks. At the moment, the trade is successful and shows +10% . We will record this result for the trade, as it is unclear how long it will take to implement this trade. Nevertheless, the chance of a retracement is quite high. We allocated $10000 for this trade. Taking into account that we record 10% of the price movement for statistics, the profit on the trade is $1000. Trade #7 Short OCEAN This trade is the first one where the stop loss was triggered incorrectly. That is, the stop was triggered, but the price went in the right direction. Perhaps it is worth analyzing this trade in more detail. At the time of planning a potential trade, we saw some weakness on the buy side: The price of OCEAN reached the $0.329 range and sellers became more active. Please note that the bulls have updated their local lows. And after a false breakout of the $0.329 range, they did it again. Given the weak wave of OCEAN's growth after that, we didn't expect the pair to update local highs, so we decided to place a short stop. Could we have placed a longer stop in this situation? Yes, but the looping stop order would have had to be at $0.341. In this case, the ratio of potential profit to loss was incorrect. Therefore, in this case, we saved on the size of the stop order and suffered a loss. But as you can see, OCEAN is quite strong and has not yet reached the final target (only the first one). We allocated $10000 for this trade and suffered a loss of $204 Trade #8 ANKR long The same logic was used here as with the C98 and INJ trades. A short stop order and a calculation on the momentum. The result was the triggering of the stop order. We allocated $5000 for this trade, so the loss is $120 Trade 9 - Bitcoin long After two previous attempts to catch a trade on bitcoin in this situation, we changed our tactics. We still believed that without a false breakout, the price of BTC would not start local growth. However, in order not to lose our position, we identified two buy zones. This time, two buy zones worked and the price reached our targets. We allocated $10,000 for this trade. Having caught about 6% of the price movement, we earned $601 Trade #10 Long CFX This is the fourth experimental trade, which was aimed at catching a powerful upward momentum. In this trade, we moved the stop loss lower due to the growing level of volatility in the market. However, as practice has shown, it was in vain. As a result, we got a stop loss of -7.96 %. We allocated $5000 for this trade. The loss on this trade was -$398. Financial results of the first 10 public trades for the period from 17 August to 8 September Trade #1 - short on Bitcoin: the trade did not take place Trade #2 Long SUI: +$1450 Trade #3 Bitcoin long: the trade did not take place Trade #4 LTC Long: -$390 Trade #5 Long C98: -$165 Trade #6 Long INJ: +$1000 Trade #7 Short OCEAN: -$204 Trade #8 Long ANKR: - $120 Trade #9 - Bitcoin long: +$601 Trade #10 Long CFX: - $398 Total result: $1774. As you can see, having more unprofitable trades with proper risk management can help you make a profit in such a volatile market as we are in now. What are your financial results for the past month? How is your trading going? Write your thoughts about our trades and our statistics in the comments! P.S. All the figures we used in these statistics are publicly available on tradingview.
by P_S_trade
17
Betting on Bitcoin: Will BTC Bulldoze Its Way Past $27,000? Unmasking the Potential: Breaking Down the Chances of BTC Breaking Barriers Hold onto your hats, folks! Bitcoin's wild ride is about to take on a jaw-dropping turn. Let's dive into the rollercoaster of possibilities and unpack whether it's time to go all-in on BTC. Introduction: As the cryptocurrency market sets the stage for mind-boggling twists and turns, Bitcoin, the undefeated champion, is defying gravity once again. Speculation is rife about BTC skyrocketing past the elusive $27,000 threshold. In this electrifying article, we'll unravel the enigma behind Bitcoin's current value and challenge you with a gutsy call to action. Breaking Through $27,000: A Glimpse into Uncharted Territory: Picture this. The market holds its breath as BTC stands on the precipice of greatness, staring down the fearsome $27,000 resistance level. But hey, before you start betting your prized Magic: The Gathering collection on this feat, let's pump the brakes and cautiously approach this wild ride. The Capricious Cryptosphere Market Sentiment: 🤷‍♂️ When it comes to cryptocurrencies, predictability is about as rare as finding matching socks in your laundry. The market can swing from joyous elation to heart-wrenching despair in the blink of an eye. Don't let emotions be your guide—brace yourself for anything. Technical Analysis: 📈📉 Forget the traditional stock market indicators you've come to know and love. Bitcoin laughs in the face of the convention! Technical analysis might provide some clues, but make sure you bring your lucky rabbit's foot and a crystal ball for good measure. Consider Long BTC Position with a Wink 😉 Fundamental Factors: 💪 Amidst the chaos, let's not overlook the fundamentals. Study the trends, scrutinize the news, and consult the experts in the cryptosphere. Knowledge is power, after all. Call-to-Action: Time to Go Incognito with Long BTC! 🤫 While we can't predict the future, taking a calculated risk might just be the ticket to virtual wealth. But be warned, fellow adventurer! Approach the cryptosphere like a stealthy ninja, conducting secret research, diversifying your portfolio, and consulting with experts before making your move. Bullet List: • 🚀 Strap in for the unpredictable BTC rollercoaster. • 🛡 Take calculated risks, but don't forget your safety net. • 🕵️‍♀️ Do your homework and unleash the ninja within. • 🌍 The cryptocurrency market knows no borders—everyone can partake. Quote: "In the world of cryptocurrencies, fortune favors the daring-brave souls who balance risk with reason." - Anonymous Conclusion: Brace yourself for the possibility of BTC crashing through the $27,000 barrier, but remember to keep your wits about you. Stay informed, dance with caution, and may the crypto gods smile upon your daring endeavors. Leap, but never forget to land safely. 🪂 Disclaimer: This article serves as an electrifying exploration of possibilities and should not be considered financial advice. Always seek guidance from the pros and conduct your research before entering the cryptosphere's rollercoaster ride.
BITSTAMP:BTCUSDLong
by bryandowningqln
2
Is BTC's Price Breakout Sustainable? A Questionable Tone Introduction: The recent surge in Bitcoin's price has left many traders wondering whether this breakout is sustainable or just a temporary spike. With two significant events, namely the inflation call and Franklin Templeton's pursuit of a Bitcoin ETF spot, it becomes crucial for traders to pause and assess the situation before making any impulsive decisions. In this article, we will delve into these factors and provide a questionable perspective on the current state of Bitcoin's price, urging traders to exercise caution and seek clarity before the next potential breakout. Inflation Call and its Impact: The inflation call has sparked debates concerning its potential influence on Bitcoin's price. Some argue that the rising inflation rates could drive investors towards cryptocurrencies as a hedge against traditional fiat currencies. However, it is essential to remember that Bitcoin's value is also influenced by various other factors, such as market sentiment, global economic conditions, and regulatory developments. Therefore, it is questionable whether the inflation call alone can sustain Bitcoin's upward trajectory in the long term. Franklin Templeton Seeks Bitcoin ETF Spot: The recent news of Franklin Templeton's interest in a Bitcoin ETF spot has undoubtedly generated excitement among traders. The potential approval of a Bitcoin ETF could open doors for institutional investors, providing a significant boost to the cryptocurrency market. However, it is important to approach this news with a level of skepticism. Regulatory hurdles and uncertainties surrounding the approval process may delay or even hinder the launch of a Bitcoin ETF. Thus, while this development holds promise, it is crucial to wait for clarity before expecting a substantial impact on Bitcoin's price. A Call-to-Action: Pause for BTC until Clarity for the Next Breakout: Given the uncertain nature of these recent events and their potential impact on Bitcoin's price, it is prudent for traders to pause and assess the situation before making any significant moves. Rather than succumbing to FOMO (Fear Of Missing Out) or hastily jumping on the bandwagon, it is essential to seek clarity and gather more information about the inflation call and the potential Bitcoin ETF. Traders are encouraged to closely monitor market developments, regulatory updates, and expert opinions to gain a comprehensive understanding of Bitcoin's future trajectory. Engaging in thorough research and analysis will enable traders to make informed decisions based on a solid foundation of knowledge rather than relying solely on speculative factors. Conclusion: While the recent price breakout of Bitcoin has undoubtedly caught the attention of traders, it is crucial to approach this surge with a questionable tone. The impact of the inflation call and Franklin Templeton's interest in a Bitcoin ETF spot remains uncertain, and traders must exercise caution before making any impulsive decisions. By pausing and seeking clarity for the next potential breakout, traders can position themselves more strategically and make informed choices based on a thorough understanding of the market dynamics.
BITSTAMP:BTCUSD
by bryandowningqln
Bitcoin's 5% Spike: An Early Rally or Cause for Caution?I wanted to bring your attention to the recent spike in Bitcoin's value, which has surged by an impressive 5% in a relatively short period. While such a surge may initially seem like an early rally, I urge you to exercise caution and consider pausing your Bitcoin trading activities for a moment to evaluate the situation. Bitcoin, as we all know, has been subject to significant volatility in the past, making it both an exciting and risky investment. This recent spike, while enticing, could potentially be a sign of a larger market trend or a temporary fluctuation. It is crucial to take a step back and assess the situation before making any impulsive trading decisions. Here are a few factors to consider before deciding your next move: 1. Market Sentiment: Analyze the overall market sentiment and observe if this spike aligns with any significant news, events, or market indicators. Understanding the context behind the surge can provide valuable insights into its sustainability. 2. Volume and Liquidity: Evaluate the trading volume and liquidity associated with this spike. A sudden increase in trading activity may indicate a short-term surge driven by a limited number of participants, potentially resulting in a subsequent correction. 3. Technical Analysis: Employ technical analysis tools to identify any patterns, support levels, or resistance points that might help you gain a better understanding of the market dynamics. This analysis can assist in determining whether the spike is part of a larger upward trend or merely a temporary anomaly. 4. Risk Management: Always prioritize risk management strategies, such as setting stop-loss orders or diversifying your portfolio. These measures can help mitigate potential losses and protect your capital, especially during times of increased volatility. Considering the points, I encourage you to take a moment to pause your Bitcoin trading activities and reassess your strategy. It is crucial to approach such significant market movements with a level-headed mindset and not succumb to impulsive decision-making. Please remember that trading cryptocurrencies involves inherent risks, and it is essential to stay informed and make well-informed decisions based on thorough analysis.
BITSTAMP:BTCUSD
by bryandowningqln
2
My prediction for BTCUSD - Correction and continuation upHi Everyone, Here's my prediction for Bitcoin in the next few months: By the looks of it, we should see a slowdown in this spike upwards in the next few days, which will then likely form a Dogi candle (#dogicandle) on the Monthly timeframe. With a Dogi candle in place, we will then start to see a formation of the Evening Start pattern (#eveningstar), which indicates a change in direction. If these statements are confirmed, we should be seeing a correction from the recent strong bullish momentum - and it could correct towards as low as 19,000 area!! With a correction towards 19k area, the technical analysis would be showing a double bottom pattern (#doublebottom), which will then indicate that the correction has been completed and the market is ready to move back up and continue to a, hopefully, all time high! (#ATH) Of course, the speed of this movement will depend on the volume getting into the market and I believe that news could play a key role in bringing these movements into the chart. Get ready to BUY BTC dips, but you don't need to rush as these patterns should develop throughout the next few months. Let me know your thoughts!
BITSTAMP:BTCUSDShort
by Gaspar_Trader
2
Bitcoin Long Trade Signal? 🌤️ In Next 24 Hours? Mixed trading conditions ahead in the next 24 hours on the global crypto market 🌦️, with slightly bullish sun shining over Bitcoin. 🌤️ Scattered clouds ☁️, indicating a slightly bearish trend with downside risk, linger over Ether, XRP, and Cardano, ATTMO data shows. Over a one-week horizon, these slightly bearish trading conditions are likely to prevail across the entire crypto universe. 🌦️ Follow us for more crypto weather reports!
BITSTAMP:BTCUSD
by ATTMO
BTC Death Cross Looms as Volatility Resurfaces in SeptemberAs we approach mid-September, it is with a heavy heart that I bring forth news of the looming BTC death cross and an anticipated increase in volatility. The crypto world has been a rollercoaster ride lately, and it seems we are not yet out of the woods. The dreaded death cross, where the 50-day moving average crosses below the 200-day moving average, is inching closer. Historically, this technical indicator has often been associated with prolonged bearish trends, casting a shadow of uncertainty over the market. Furthermore, September has historically been a month of heightened volatility in the cryptocurrency space. As we brace ourselves for another turbulent period, it's important to consider diversifying our trading portfolios beyond Bitcoin. While it pains me to suggest this, exploring other asset classes could provide a much-needed respite from the seemingly endless cycle of ups and downs. There are numerous alternative asset classes worth exploring, such as traditional stocks, commodities, or even forex. These markets, although not immune to volatility themselves, often exhibit different patterns and trends that may present unique trading opportunities. By diversifying our investments, we can potentially mitigate risks and find solace in other avenues during these uncertain times. Let us not forget the importance of risk management during periods of instability. As traders, it is our responsibility to protect our capital and make informed decisions. While Bitcoin continues to captivate us with its potential, it is crucial to acknowledge that there are other opportunities that deserve our attention. In closing, I implore you to reflect on the current state of the market and consider exploring other asset classes to trade. The road ahead may be challenging, but with careful analysis and diversification, we can navigate these turbulent times together.
BITSTAMP:BTCUSDShort
by bryandowningqln
3
BTC Bears Persists so Explore Other Profitable AssetsI must admit that the current state of Bitcoin (BTC) has left a somber tone in my words. As we navigate through these challenging times, it is with a heavy heart that I inform you about the ongoing bearish momentum that continues to plague BTC. Despite our hopes for a swift recovery, BTC's price remains significantly below the Simple Moving Average 200 (SMA 200), casting a shadow of uncertainty over its future. The market sentiment surrounding Bitcoin has been marred by persistent selling pressure, causing distress among traders and investors alike. While it is disheartening to witness this prolonged downturn, I believe it is crucial to consider alternative investment avenues that may offer more promising prospects. As traders, we must adapt to the ever-changing market dynamics and seek opportunities beyond BTC. Therefore, I encourage you to explore other profitable asset classes that have shown resilience during these challenging times. Diversifying your portfolio with assets such as stocks, commodities, or even emerging cryptocurrencies might provide a glimmer of hope amidst the current market turbulence. Remember, the trading world is not limited to a single asset, and countless opportunities await exploring. By broadening our horizons, we can potentially discover new avenues for profit and safeguard our investments against the uncertainties faced by BTC. While feeling disheartened by BTC's current state is natural, let us not lose sight of the bigger picture. History has shown that markets are cyclical, and what goes down eventually comes back up. However, we are responsible for adapting and making informed decisions that align with the prevailing market conditions. In conclusion, I urge you to reflect upon your trading strategies and consider diversifying your portfolio to include other potentially profitable asset classes. Let us not be disheartened by BTC's bearish momentum but use this as an opportunity to explore new avenues for growth and prosperity. Please do not hesitate to comment if you require any assistance or guidance in exploring alternative asset classes. Together, we can navigate these turbulent times and emerge more robust and resilient.
BITSTAMP:BTCUSDShort
by bryandowningqln
🚨Bitcoin is Ready to Break Descending Channel🚨⏰(1-Hour)⏰🏃‍♂️Bitcoin is moving in the 🟢 Support zone($25,840_$25,600) 🟢 after leaving behind a 🐻 Bear Trap 🐻. 📚It is better to know that, in general, Volume Trading is ↘️ Low ↘️ on Saturdays and Sundays . 🌊According to the theory of Elliott waves , it seems that Bitcoin has successfully completed its 5 downward waves and has already started corrective waves . 💡One of the signs of the completion of wave 5 is the Regular Divergence (RD+) between two consecutive bottoms in the RSI indicator . 💡Another sign that we can hope that Bitcoin will succeed in breaking the Descending Channel is the Regular Divergence (RD+) between Volume and Price in two consecutive bottoms . 🔔I expect Bitcoin to gradually break out of the Descending Channel and reach the 🔴 Resistance zone($27,000-$26,350) 🔴 and 🎯 Target 🎯 I have identified on the chart. Bitcoin Analyze ( BTCUSDT ), 1-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
57
BTC Hits New Support Level at $24800Introduction: In the ever-volatile world of cryptocurrency, Bitcoin (BTC) has recently encountered a significant shift as it reached a new support level at $24800. This sudden development has raised concerns among traders, prompting a need for caution and careful evaluation of the market conditions. In this article, we will delve into the implications of this support level and emphasize the importance of waiting for clarity before resuming Bitcoin trading. The Importance of Support Levels: Support levels play a crucial role in technical analysis, indicating a price point at which an asset is expected to find buying interest and reverse its downtrend. They act as a safety net, preventing prices from plummeting further. The recent establishment of a support level at $24800 for Bitcoin suggests a potential stabilization in its value. However, it is essential to remember that these levels are not guarantees but indications of possible reversals. The Concerning Tone: Traders, we find ourselves in uncertain times. The cryptocurrency market has always been known for its volatility, and the recent developments surrounding Bitcoin only add to the confusion. As we navigate through uncharted waters, it is crucial to approach this situation with a concerned tone. Instead of hastily jumping into trades, we must exercise patience and wait for clarity to emerge. Why Pause Bitcoin Trading? Given the current circumstances, it is prudent to pause Bitcoin trading until we understand the market's direction. Here are a few reasons to consider: 1. Market Sentiment: Establishing a support level at $24800 is a positive sign but does not guarantee an immediate upward trend. Assessing market sentiment and observing traders' reactions to this new support level is crucial before making any hasty decisions. 2. Volatility and Risk: Bitcoin's recent volatility has left many traders on edge. Sudden price swings can result in significant losses if not approached with caution. We can minimize the risks associated with uncertain market conditions by pausing trading. 3. Clarity is Key: Waiting for clarity is essential to make informed trading decisions. It allows us to evaluate the market trends, monitor price movements, and analyze the impact of external factors that may influence Bitcoin's trajectory. We can avoid impulsive actions driven by fear or uncertainty by exercising patience. The Call to Action: Traders, in these uncertain times, must prioritize caution and prudence. It is crucial to continue pausing Bitcoin trading until clarity emerges and a clear upward trend is established. By doing so, we can mitigate potential risks and make informed decisions based on market stability. Remember, the cryptocurrency market is highly unpredictable, and impulsive actions can lead to significant losses. Take this opportunity to educate yourself, stay updated with market news, and seek guidance from trusted sources. Together, we can navigate this challenging period and position ourselves for success when the market stabilizes. In conclusion, let us exercise patience and restraint until the market provides a more straightforward path. We can make informed decisions and protect ourselves from unnecessary risks by waiting for clarity to show a definitive upward trend. Stay informed, stay cautious, and most importantly, stay resilient. Disclaimer: This article is for informational purposes only and should not be considered financial advice. Always conduct your research and consult a professional before making investment decisions.
BITSTAMP:BTCUSDShort
by bryandowningqln
BTC Bitcoin Technical Analysis and Trade IdeaBitcoin is presently positioned within critical daily, weekly, and monthly price levels. An evident trend on the chart indicates that Bitcoin has been subjected to significant bearish pressure, prompting us to consider the potential for a selling opportunity. Nevertheless, there are noteworthy chart elements that demand our careful scrutiny, and these have been thoroughly examined in the accompanying video. In the video presentation, we conduct a comprehensive analysis of the prevailing trend, price fluctuations, market structure, and other essential facets of technical analysis. It is worth reiterating that our video provides lucid explanations, but it is imperative to underscore that the information presented should not be misconstrued as financial advice.
OANDA:BTCUSDShort
by fxtraderanthony
10