How to avoid the risk of futures trading and increase the winninI sorted out the principles of this long BTC trading strategy.
This is a trading system with a high winning rate that I often use. It is very simple and practical. I will share it with you now, hoping to help you.
As we all know, the risk of futures trading is very high. If you are a novice, then you are prone to failure. Liquidation and asset zeroing are common things. In severe cases, you may even screw up your life. This is very common for most novices.
So how do we change this state of affairs?
First of all, we must improve our trading capabilities by working hard to learn various professional knowledge.
The second is to use small funds to start to practice and accumulate experience slowly.
Of course, this is a very long process. We need to maintain enough patience, not give up because of one or more failures, and not affect our mentality because of market fluctuations. We must always maintain a stable state of mind to learn and practice.
Then someone will ask, what if I don’t have enough patience?
What if I don’t have much time to keep learning and practicing to improve myself?
If you belong to this situation, without your own trading system, then failure will often accompany you until you leave the futures trading market forever as a loser.
Or you choose to strictly implement the trading strategies of professionals.
miro.medium.com
Instructions for the entire trading process, you only need to execute
The first thing we think of when doing futures trading is not to make money, but how to keep the principal!
This is very important. Only under the premise of keeping the principal can we be qualified to seize more opportunities.
Can’t have too much FOMO
If you follow the trading strategy of the wolf king, then you have to choose to believe and reduce hesitation to improve efficiency.
In the process of following, your trading ability will definitely be improved.
Below is my RSI trading system:
RSI 4 times cycle contrarian principle
In a down (up) trend
Only when the RSI reaches the overbought (sell) zone
And retrace the 50 position (sometimes it will retrace to the opposite oversold area)
Only when it breaks through overbought (sell) again will it consider doing a counter-trend Reversal.
You can look for the inverse principle
Open long positions, but don’t be too greedy to hold them for a long time. The reverse principle can only obtain short-term profits.
There are many people who are good at opening positions, but few are good at closing positions.
Because people are greedy, this requires us to act against our inner thoughts, which is undoubtedly very difficult.
RSI trend-following strategy
In a downtrend, the k-line must be below ema50
When the first time the oversold area is touched, it means that the trend has started, and then go short at each retracement support resistance position
As mentioned above, we will find that the success rate of going long against the trend is much lower than the success rate of shorting following the trend, so only when we successfully form an N-shape against the trend and stand above ema50 will we consider doing long.
This is also the reason why I drew the N-type path when simulating the trajectory of BTC.
Note that the RSI contrarian trading strategy is suitable for shock range trading and harmonic trading.
If you think this article can help you, please like and share it.👍💕
If you want to find Wolf King to help you improve your trading ability, please click on the profile of Wolf King.👀
Btcusdtlong
Bitcoin is Ready to go UP from the Bottom of Ascending Channel🚀Hi everyone👋.
🏃♂️Bitcoin is moving in the 🟢 Support zone($25,840_$25,600) 🟢 and near the Support line , and the lower line of the Ascending channel .
🌊According to the theory of Elliott waves, it seems that Bitcoin is completing Corrective Waves inside the ascending channel.
💡Since parallel markets such as Gold have taken a downward trend in the past day and the DXY index has an upward trend, but Bitcoin managed to maintain the 🟢 Support zone($25,840_$25,600) 🟢 and the Support line . (This can be a good sign that increases the possibility of Bitcoin increasing in the coming hours.)
🔔I expect Bitcoin to reach the upper part of the ascending channel and the 🔴 Resistance zone($27,000-$26,350) 🔴 in the coming hours to complete Wave C .
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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.
BTCUSD 4H (Pivot Price: 25612)BTCUSD
stabilizing above 25982 will support rising to touch 26753 then 27416 then 18326
stabilizing under 25612 will support falling to touch 24656 the 24039
Pivot Price: 25612
Resistance prices: 26753 & 27416 & 18326
Support prices: 24656 & 24039 & 23314
timeframe:4H
❤️Please, support my work with like, thank you!❤️
Bitcoin this bear bottom 15k~18k12h time frame
-
Creating a completed top structure like HS can provide more momentum to future dump.
Therefore, Bitcoin has the potential to pump again to make the right shoulder for the big HS.
Top of the potential right structure is around 28500~29500, pay attention to open short if we see this pump in near future.
Also, in order to liquidate as much long positions as possible before 2024 halving, the neckline at 25200 need to be broken, then a huge dump following based on HS structure, its final target 18500~15800, which is also the great and sweet range to buy Bitcoin!
Don't worry, we're still on an uptrend in the long run!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
Consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice.
BTC is breaking through the 26700 support and the MA-200, producing a strong bearish momentum, but it is not breaking through the bullish channel. In terms of the global picture, the price remains on the rise.
Take note of the weekly chart to the left. Price is gaining pace and making a strong distributive move into the significant support level of 25000. The level is crucial to us since it includes two confirmations, one from the seller and one from the customer. I believe that another retest, particularly following the distributive movement, will result in a reversal or, at the very least, a significant bullish reaction.
Traders are waiting for fundamental confirmation before taking action on cryptocurrency. At the moment, it is the SEC's approval of BTC-ETF futures applications. This will breathe new life into the market.
Most likely, this movement within the uptrend was initiated in order to purchase the asset at a cheaper price before continuing rapid rise.
Moving averages are functioning as a barrier. The market is in a period of correction.
Levels of support: 25000, 24819
Levels of resistance: 26707, 28474, 30575
The market is in a positive trend, and a correction within the upward channel on the garfish is building, which may conclude near support.
Levels of support: 25000, 24819
Levels of resistance: 26707, 28474, 30575
The market is in a positive trend, and a correction within the upward channel on the garfish is building, which may conclude near support.
This chart is likely to help you make better trade decisions if it does consider upvoting it.
I would also love to know your charts and views in the comment section.
Thank you
#BITCOIN= SHOW SUPPORT TO OUR FIRST IDEA.Hey Everyone,
Price have accumulated since last few weeks and now we are expecting price to continue the bullish trend until $62000 which is our primary target, it is worth noticing that price have potential to reach that target as economic and other factors are supporting the idea.
Thanks for your support in advance :)
🚀Bitcoin Ready to Rise Again (short-term)🚀💡 After Grayscale Emerges Victorious Against SEC in ETF Case , Bitcoin was able to break the 🔴 Resistance Zone($27,000-$26,350) 🔴.
❓The question here is, will Bitcoin find an upward trend❗️❓
🌊Let's look at the movements of Bitcoin in terms of Elliott Wave theory .
🌊In my opinion, Bitcoin is still in corrective waves after yesterday's rise, so that it is currently completing microwave 4 of microwave C of the main wave 4 .
🌊The correction structure of wave 4 is a Zigzag correction type(ABC/5-3-5) .
🌊Microwave 4 of microwave C of the main wave 4 can be considered as a pull back to the broken 🔴 Resistance Zone($27,000-$26,350) 🔴.
🔔I expect microwave 4 of microwave C of the main wave 4 to end at 🟡 Price Reversal Zone(PRZ) 🟡 and Bitcoin to start rising again (the main wave 4 🎯target🎯 could be near the Resistance Line ).
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🌐➕ Positive News ➕🌐:
🔥Breaking: Bitcoin Price Surges as Grayscale Emerges Victorious Against SEC in ETF Case.🔥
Bitcoin (BTC) HODL Metrics at Five-Year Highs.
Binance to serve Belgian users via Polish arm.
Jacobi spot Bitcoin ETF classed as ‘environmental investing’ by issuer.
Coinbase shares jump 14% amid market revelry over Grayscale win.
Binance launches Send Cash in Latin America.
Elon Musk’s X moves closer to crypto payments with new state license.
🌐➖ Negative News ➖🌐:
16 Bitcoin mining companies have $4.47 billion in losses in a year.
Binance considers a full exit from Russia: WSJ
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Bitcoin Analyze ( BTCUSDT ), 4-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.
Inverse H&S that sends $BTC to $42k-48k?The price action today changed my bias from bearish to bullish.
Here's why:
- We're forming an inverse head and shoulders
- We got a green flat bottom Heikin candle on the 1D (this could change by close) but still usually signals a reversal in trend
- On the 2D chart, we went higher on a Demark buy 9
- Ichimoku looks bullish, with price on high timeframes still above the clouds
- RSI 1D bounced at my 32 bullish level
- Double bottom on the 4H OBV
- We flipped the $28.6k level as resistance as support (for now)
The bearish case now is lesser than the bullish case looking at the chart structure. The bearish case would be:
- Still have a weekly red heikin ashi candle with a demark count of 2 (bearish trend)
- Price is below the cloud (12hr) as you can see from the chart
But being we bounced at previous resistance, my bias has flipped bullish for the time being.
I still think we'll chop around in this area until Sunday before making a larger move, but I'm now scouting entries instead of looking to buy lower.
In terms of where to buy, there's a support at $29.5k, the one at $28.6k and $28.3k. If this is the start of the impulse, oftentimes, you get 3 tests of support before the leg up begins (to make people think that support is breaking before a move higher).
I'm going to bid half of my position at $28.6k and the other half at $28.3k to see if those two get filled. If you wanted to take a more aggressive entry, you could bid $29.3-29.5k. The bottom support on the chart hasn't gotten tested yet as support, so it would make sense that we'd get the final 3rd wick and test of that support before the move up (my logic for bidding lower).
Let's see how it plays out. A loss of that lower $28.3k level is bearish. Any price action above that is now bullish.
This lines up more with my previous idea outlined here:
BTCUSDT heading fro hourly support, likely to bounce from thereTwo trade ideas here for this. One short and then the other long. The price is rejected from 4h resistance 4HR1 and currently pulling back. I think the price is heading for hourly support HS1. Once the price reaches there, it is likely to bounce from there providing an entry for long trade.
Bitcoin Surges as US Court Overturns SEC's Rejection of ...Bitcoin Surges as US Court Overturns SEC's Rejection of Grayscale's ETF Application
Bitcoin experienced a surge, reaching a two-week high on Tuesday, following a significant ruling by a US court. The court found that the US Securities and Exchange Commission (SEC) had erred in denying Grayscale Investments' application to establish a spot bitcoin exchange-traded fund (ETF). This verdict marks a momentous victory for the asset management company.
The cryptocurrency was last seen trading almost 7% higher at $27,910.
A panel of judges in the District of Columbia Court of Appeals in Washington declared that the SEC's refusal of Grayscale's proposal lacked justification and was arbitrary. This ruling stemmed from the SEC's inconsistency in treating bitcoin futures ETFs and spot bitcoin ETFs differently.
Details on Grayscale's Case
In the previous year, the SEC rejected Grayscale's bid to transform its Grayscale Bitcoin Trust into an ETF.
While the SEC has turned down proposals for spot bitcoin ETFs, it has approved ETFs tied to bitcoin futures, which mirror agreements to buy or sell bitcoin at predetermined prices.
Grayscale suggested implementing the same safeguards against manipulation that were endorsed for futures ETFs. However, the SEC contended that this did not meet its criteria.
Grayscale was one of several asset managers, including prominent names like Cathie Wood's ARK, Fidelity, and Invesco, whose spot bitcoin ETF applications were denied by the SEC on grounds of investor protection.
In contrast to the other companies, Grayscale chose to take legal action against the SEC. Since the defendant was a regulatory body, the case was directly escalated to the appeals court.
Grayscale's Legal Argument
Grayscale's argument rested on the premise that the surveillance measures for bitcoin futures ETFs would also be suitable for their spot ETF, as both products depend on the underlying price of bitcoin.
Bitcoin futures ETFs track futures traded on the Chicago Mercantile Exchange (CME), a primary platform for such products.
The SEC pointed out that the CME actively monitors "futures market conditions and price movements in real time" to detect and prevent distortions, including those caused by manipulation.
Donald Verrilli Jr., lead counsel for Grayscale, highlighted in March that a spot bitcoin ETF would enhance investor protection, as it would enable them to benefit from CME oversight of the market. Presently, most Americans invest in bitcoin through less regulated or even unregulated exchanges.
However, the SEC maintained that Grayscale lacked sufficient data to ascertain whether the surveillance agreement for CME futures could also identify potential manipulation in the spot markets.
Daily Chart Bitcoin
BTCUSDTBased on the corrective upward movement of the Bitcoin price in the one-hour channel and its placement at the bottom of this channel, as well as its proximity to the upper limit of the trading range formed in the four-hour channel, there is a higher likelihood of price movement towards the upper limit of the four-hour channel.
btcusd. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
📈Bitcoin weekly prediction, 23K or 31K?📉BINANCE:BTCUSDT
COINBASE:BTCUSD
Hello dear traders.
Due to the increase in trading volume in the last candles, I'm going to do some weekly Bitcoin analysis.
In the next few days, Bitcoin is expected to stabilize around the 24K - 26.8K.
If the price breaks below the mentioned area, the price will drop to the level of 24,080 (probably price receive support here) and then 22,500.
last stage for price decrease, is around 21K. (red area)
✌💥If you are satisfied with my analytical content, please share my ideas💥✌
✍🐱👤Otherwise, make sure you leave comments and let me know what you think.🐱👤✍
🤑🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾🤑
Bitcoin will⚔️attack⚔️ to 🔴Resistance Zone🔴Bitcoin is running in descending channel .
🌊According to Elliott's wave theory, Bitcoin is forming another Zigzag correction(5-3-5/ABC) in the descending channel.
🔔I expect Bitcoin to fall to the 🟡 Price Reversal Zone(PRZ) 🟡and support line and then break the upper line of the descending channel and go up to the 🔴 resistance zone($29,850-$29,480) 🔴.
❗️ Note ❗️: There is a high probability of a 🐻 Bear Trap 🐻 near the support line (if the support line breaks(validly), the scenario will change).
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🌐➕ Positive News ➕🌐:
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COINBASE exchange will luanch in Canada.
🌐➖ Negative News ➖🌐:
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Heavy short position by Michael Burry on S&P500 and NASDAQ.
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Bitcoin Analyze ( BTCUSDT ), 15-minute 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.
📉BTC CONTINUES TO DECLINE 📉📉BTC CONTINUES TO DECLINE 📉
🔰Over the past 24 hours, Bitcoin has shown a decrease of -12% at its peak. Long liquidations amounted to over 1 billion dollars, and it seems like this is not the end yet, so it might be wise to hold off on long positions for now.
💰Based on spot market quotes, I anticipate stop losses being taken out below the $28,400 level and possibly $23,900.
🚀The nearest major support zones are $23,700-$24,200 and $22,100-$22,500. That's where I'll be considering entry opportunities for long positions.
Bitcoin Falling! Read for Entry!!CME:BTC1!
CRYPTOCAP:BTC has followed my analysis from a while back.
Yesterday I cautioned traders to watch for the Bearish Retest.
Congratulations to those that played this ... 18.23% down and in profit!
At 25.2k zone, my thought are looking for a fakeout to long back to 31.8K.
200 Daily is potential support at 25.2k.
If this does not happen then short ideas are to ~21.4k and ~19.7k zones.
Don't panic that you have missed any move. Prepare now with Plan A Plan B scenarios as I always point out.