I personally have nothing against any cryptocurrency but seeing Ripple doing this is kinda sad knowing how many people have invested their life savings in this coin.
I was one of them but I did that before it exploded and went up and I sold my last coins at the beginning of 2019 at around 8-9k sats.
I know many people at that time refusing to sell their coins thinking that the bottom is near having in mind targets of 25-30k sats per coin.
The sad reality is that this coin fights with 2000 sats support and most likely it will go deeper.
If we see the pump, take that as an opportunity to leave this coin because it’s obvious where this is heading.
Just maybe some short term trade opportunity if it reclaims a green area but nothing more than that.
I was one of them but I did that before it exploded and went up and I sold my last coins at the beginning of 2019 at around 8-9k sats.
I know many people at that time refusing to sell their coins thinking that the bottom is near having in mind targets of 25-30k sats per coin.
The sad reality is that this coin fights with 2000 sats support and most likely it will go deeper.
If we see the pump, take that as an opportunity to leave this coin because it’s obvious where this is heading.
Just maybe some short term trade opportunity if it reclaims a green area but nothing more than that.
Crypto Signals
It hurts to be XRP holder at the moment. It lost major support and unless it makes some miracle next week, forms bullish engulfing that closes above broken support, I think we will see a continuation of the sell-off. There will be exit pump on Ripple for…
Posted this a year ago, nothing really changed since that time.
Highly recommended to join my friend's channel. He has helped lots of people in the industry!
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The channel is providing trading on hundreds of assets and optimal trading conditions on all platforms
- Highly experienced in cryptocurreny
- Most profitable and highly accurate trades
- Fully transparent
The Bull is the special channel running by professional analysts. He knows what to buy and what to sell and... WHEN!
100% make sure to check them out 🔥
https://www.tg-me.com/thebull_crypto
#sponsored
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None of my posts are financial advice. Its my observation and opinion. Do your own research.
Business: @thebullowner
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Exclusive Group: @TBE_SUPPORTER
Tweets: x.com/thebull_crypto
Channel link: https://www.tg-me.com/+X0yIZqu2BQxlZTBl
I said my opinion on XRP, but what about Ethereum?
I shared my opinion approx 2 weeks ago when I said not to rush into buying until it establishes a bullish trend.
Currently, it’s forming higher lows, lower highs which is a clear sign of indecisive market conditions and in that market, you need to wait for the trend to form.
With its positive upcoming fundamentals (proof of stake algorithm being implemented that will activate staking), this coin looks way better than XRP, both technically and fundamentally.
I shared my opinion approx 2 weeks ago when I said not to rush into buying until it establishes a bullish trend.
Currently, it’s forming higher lows, lower highs which is a clear sign of indecisive market conditions and in that market, you need to wait for the trend to form.
With its positive upcoming fundamentals (proof of stake algorithm being implemented that will activate staking), this coin looks way better than XRP, both technically and fundamentally.
Tomorrow I will do Q&A, all the questions you have, send to @CryptoSignalsAdmin.
I received great questions and throughout the day, I’ll answer to 3 of them I like the most.
1st question: Can you tell us some guidelines and technics about risk/reward management and budget management for crypto trading, spot and futures.
Without solid guidelines and discipline, I couldn't overcome my emotions in trading and that always leads to loss. But I haven't found a good solution for this.
This problem is bigger than not having good signals or being wrong most of the time on the trade direction. If you don’t know how to manage your money, it will be very hard for you to get ahead.
When you start trading, everyone talks about signals and where the price is going but there’s another side of trading as well. Trading was designed to make money to the house (exchange or broker), not to the individual traders.
So before you start, you need to be in a small profit just to cover the costs of your business the same way every other profession has the costs of running the business.
Fees, spreads, funding, slippage, everything works against you so you need to be extra cautious when to be in the market and when to wait on the sideline.
Being in the market means that you're at the risk of high funding fees (spread in case of forex trading) and big slippage if the market gets hit by sudden liquidity.
Because of that, having rules when to enter the trade and when not is crucial because paying unnecessary fees makes your profits vanish and you can end up in loss in a month where you had a positive trade score just because you were paying too many fees and were exposed to unnecessary risk.
In order to do this, accept that trading is not getting a quick rich scheme. Everyone talks about this but people don’t understand the point.
When putting your money on an exchange, you accept losing it all but also you’ll do your best for it not to happen knowing how much did it take for you to get that money.
To do that, you need strict rules. When making rules, I want to keep it very simple because the more complex rules, the easier it is to fail on executing them.
2 main rules: fixed risk per trade and minimum risk to reward.
In my case, the fixed risk per trade is 2% and the minimum risk to reward is 1:2.
The first part seems to be easy until you start to see results and emotions kick in and then you risk more either to maximize your profits or to recover the losses.
DON’T DO IT!
By doing that, you’re going to lose the war before the first battle.
For this, you need to be like a robot and do always the same over and over again.
The best way to do this or overcome the problem is to have other occupations in your life. The trading is best when it’s a side hustle. You’re forced not to be at the charts all the time and it actually helps. You scan the market in the morning or evening, set the alerts or entry orders and monitors it time to time why working on your business or job.
Having another stream of income (job or business) helps to avoid FOMO and impulsive reactions. You don’t need to risk on setups where you didn’t get everything you were looking for but when trading is your one and only source of income, you’ll do it, over and over again.
The second part is technical.
In order to make better risk-reward, many traders tighten up their stop loss or widen their target. That’s the worst thing you can do because you move then to the areas where they’re not meant to be.
In the case of a long trade, stop loss is a little bit below support and the target is a little bit below resistance. If you move target above resistance, you drastically decrease the probability chances of making it happen the same way if you move your stop loss above the support where you can get stopped out before being invalidated.
To get a better risk-reward, play with your entry point. Just a few dollars a better entry point can drastically change your risk-reward.
1st question: Can you tell us some guidelines and technics about risk/reward management and budget management for crypto trading, spot and futures.
Without solid guidelines and discipline, I couldn't overcome my emotions in trading and that always leads to loss. But I haven't found a good solution for this.
This problem is bigger than not having good signals or being wrong most of the time on the trade direction. If you don’t know how to manage your money, it will be very hard for you to get ahead.
When you start trading, everyone talks about signals and where the price is going but there’s another side of trading as well. Trading was designed to make money to the house (exchange or broker), not to the individual traders.
So before you start, you need to be in a small profit just to cover the costs of your business the same way every other profession has the costs of running the business.
Fees, spreads, funding, slippage, everything works against you so you need to be extra cautious when to be in the market and when to wait on the sideline.
Being in the market means that you're at the risk of high funding fees (spread in case of forex trading) and big slippage if the market gets hit by sudden liquidity.
Because of that, having rules when to enter the trade and when not is crucial because paying unnecessary fees makes your profits vanish and you can end up in loss in a month where you had a positive trade score just because you were paying too many fees and were exposed to unnecessary risk.
In order to do this, accept that trading is not getting a quick rich scheme. Everyone talks about this but people don’t understand the point.
When putting your money on an exchange, you accept losing it all but also you’ll do your best for it not to happen knowing how much did it take for you to get that money.
To do that, you need strict rules. When making rules, I want to keep it very simple because the more complex rules, the easier it is to fail on executing them.
2 main rules: fixed risk per trade and minimum risk to reward.
In my case, the fixed risk per trade is 2% and the minimum risk to reward is 1:2.
The first part seems to be easy until you start to see results and emotions kick in and then you risk more either to maximize your profits or to recover the losses.
DON’T DO IT!
By doing that, you’re going to lose the war before the first battle.
For this, you need to be like a robot and do always the same over and over again.
The best way to do this or overcome the problem is to have other occupations in your life. The trading is best when it’s a side hustle. You’re forced not to be at the charts all the time and it actually helps. You scan the market in the morning or evening, set the alerts or entry orders and monitors it time to time why working on your business or job.
Having another stream of income (job or business) helps to avoid FOMO and impulsive reactions. You don’t need to risk on setups where you didn’t get everything you were looking for but when trading is your one and only source of income, you’ll do it, over and over again.
The second part is technical.
In order to make better risk-reward, many traders tighten up their stop loss or widen their target. That’s the worst thing you can do because you move then to the areas where they’re not meant to be.
In the case of a long trade, stop loss is a little bit below support and the target is a little bit below resistance. If you move target above resistance, you drastically decrease the probability chances of making it happen the same way if you move your stop loss above the support where you can get stopped out before being invalidated.
To get a better risk-reward, play with your entry point. Just a few dollars a better entry point can drastically change your risk-reward.
For example, you have a long trade where entry is at 100, stop loss at 95 and target at 110. This trade has risk-reward of 1:2 which is not bad but just by getting your entry at 99, your risk-reward on that trade will change to 1:2.75. Getting it at 98 and you’ll be in a trade with 1:4 risk-reward.
The stop loss and target are still the same but a little bit better entry made overal trade way better. By doing this, you’re not cheating on your rules but hoping to see a little bit deeper correction that would fill out your trade.
There will be times you will miss the trade doing this but that is not going to make you a loss which is the main point. I would rather have less trades with better RR than more trades with worse RR having in mind that I will be exposed more to the market and risk to be caught if liquidity spike and get huge slippage.
I hope this helps.
For more tips, you can consider joining Premium Channel where you get an entire guide written by me and my trade setups. If you’re interested, contact @CryptoSignalsAdmin
The stop loss and target are still the same but a little bit better entry made overal trade way better. By doing this, you’re not cheating on your rules but hoping to see a little bit deeper correction that would fill out your trade.
There will be times you will miss the trade doing this but that is not going to make you a loss which is the main point. I would rather have less trades with better RR than more trades with worse RR having in mind that I will be exposed more to the market and risk to be caught if liquidity spike and get huge slippage.
I hope this helps.
For more tips, you can consider joining Premium Channel where you get an entire guide written by me and my trade setups. If you’re interested, contact @CryptoSignalsAdmin
Does the success rate of your trades matter?
We saw people claiming to have an accuracy rate of 90% and above.
Is it possible to have an accuracy rate that high?
Yes, but if your stop loss is 10-20 times wider than your target. You can open long trade on Bitcoin at $9950, put stop loss at $9000 and target at $10 000 and your accuracy rate will be 90%+
You will win 9 out of 10 trades.
The problem happens when a losing trade happens and you look all your profits vanish and turn into a loss.
THE ACCURACY RATE OF YOUR TRADES DOES NOT MATTER.
What you should be asking yourself is one simple question: Is it important for you to be right most of the time?
If you cannot stomach being wrong, not only in trading but in life, then high risk-reward trades are not for you because you will mostly book your profit too soon and leave too much on the table.
What you should focus on is risk-reward between 1:1 to max 1:2 and if you manage to get accuracy above 50%, you will be profitable.
If you’re the type of person who has no problem being wrong and can stomach that, your focus should be setups with high risk-reward and with the only accuracy just above 25-30% you can be very profitable and that 1 winning trade out of 3 or 4 trades.
Not everyone is the same!
Try to figure out who you are as a person, what suits you and trade accordingly.
Out of 100 profitable traders, most likely you won’t find 2 trades with the same strategy, risk-reward preferences, trade management rules.
But what most of them have in common is trading the system that suits them. If they like more frequent trades, they will focus on day trading. There are thousands of successful day traders.
On the other side, there are thousands of successful traders who focus on general trends and trade with it (swing traders) and they’re doing great.
Find yourself and stop trying to copy someone else. Look for a mentor that gives you tools so you can use to make your own craft. Don't try to copy everything because you'll end up trading the system you don't understand or don't have stomach and mental strength to follow.
Trading is hard by default so don't make it harder doing something you're not for.
If you want to be right most of the time, focus on trades with lower risk-reward so you will have more winners overall. On the other side, if you want to benefit from big moves and don't care too much of being right, then try high risk-reward trades.
Either one you choose, you still need to follow trade setups rules and you can't be opening trades randomly.
We saw people claiming to have an accuracy rate of 90% and above.
Is it possible to have an accuracy rate that high?
Yes, but if your stop loss is 10-20 times wider than your target. You can open long trade on Bitcoin at $9950, put stop loss at $9000 and target at $10 000 and your accuracy rate will be 90%+
You will win 9 out of 10 trades.
The problem happens when a losing trade happens and you look all your profits vanish and turn into a loss.
THE ACCURACY RATE OF YOUR TRADES DOES NOT MATTER.
What you should be asking yourself is one simple question: Is it important for you to be right most of the time?
If you cannot stomach being wrong, not only in trading but in life, then high risk-reward trades are not for you because you will mostly book your profit too soon and leave too much on the table.
What you should focus on is risk-reward between 1:1 to max 1:2 and if you manage to get accuracy above 50%, you will be profitable.
If you’re the type of person who has no problem being wrong and can stomach that, your focus should be setups with high risk-reward and with the only accuracy just above 25-30% you can be very profitable and that 1 winning trade out of 3 or 4 trades.
Not everyone is the same!
Try to figure out who you are as a person, what suits you and trade accordingly.
Out of 100 profitable traders, most likely you won’t find 2 trades with the same strategy, risk-reward preferences, trade management rules.
But what most of them have in common is trading the system that suits them. If they like more frequent trades, they will focus on day trading. There are thousands of successful day traders.
On the other side, there are thousands of successful traders who focus on general trends and trade with it (swing traders) and they’re doing great.
Find yourself and stop trying to copy someone else. Look for a mentor that gives you tools so you can use to make your own craft. Don't try to copy everything because you'll end up trading the system you don't understand or don't have stomach and mental strength to follow.
Trading is hard by default so don't make it harder doing something you're not for.
If you want to be right most of the time, focus on trades with lower risk-reward so you will have more winners overall. On the other side, if you want to benefit from big moves and don't care too much of being right, then try high risk-reward trades.
Either one you choose, you still need to follow trade setups rules and you can't be opening trades randomly.
NWC token making a run again!
$NWC token formed a bull flag while accumulating from its previous all time high made with a new big partnership with KuCoin Exchange. The BSVP indicates that we are in the oversold area as we reached the strong support zone which is bound to repel the price up.
They just revealed a new partnership while NWC token hard staking on Kucoin filled up in minutes showing huge interest from traders on the token. If they continue with this pace we can assume a strong support fort his cryptocurrency. #sponsored
$NWC token formed a bull flag while accumulating from its previous all time high made with a new big partnership with KuCoin Exchange. The BSVP indicates that we are in the oversold area as we reached the strong support zone which is bound to repel the price up.
They just revealed a new partnership while NWC token hard staking on Kucoin filled up in minutes showing huge interest from traders on the token. If they continue with this pace we can assume a strong support fort his cryptocurrency. #sponsored
I looked at a Bitcoin chart for 2 minutes and those are 2 minutes of my life that I can never get back.
Boredom is a terrible reason to trade.
If there’s no obvious setup, don’t force a trade. If it’s not obvious in the first 5 minutes of observing a chart, trying to force a trade in most cases doesn’t end up in the best way.
Boredom is a terrible reason to trade.
If there’s no obvious setup, don’t force a trade. If it’s not obvious in the first 5 minutes of observing a chart, trying to force a trade in most cases doesn’t end up in the best way.
Crypto Signals via @vote
What’s your opinion on Bitcoin?
anonymous poll
I’m bearish – 180
👍👍👍👍👍👍👍 45%
I’m bullish – 157
👍👍👍👍👍👍 39%
I’m neutral – 62
👍👍 16%
👥 399 people voted so far.
anonymous poll
I’m bearish – 180
👍👍👍👍👍👍👍 45%
I’m bullish – 157
👍👍👍👍👍👍 39%
I’m neutral – 62
👍👍 16%
👥 399 people voted so far.
Whenever there’s a move on Bitcoin, I look at it on a higher timeframe to see if it’s causing a change in the structure or not because that’s what I use to see if there ann opportunity for trend continuation and the trade with that direction.
In this case, Bitcoin is still trapped inside this area and yesterday’s move up did nothing but tested the mid point of that range (TP1).
Bitcoin seems to wait for the next big fundamentals to cause the break from this range in either direction.
Yesterday’s move up was fuelled up by rumor about PayPal starting to allow their customers to buy Bitcoin directly.
If that becomes available, it will be huge for Bitcoin and so many people will firstly get in touch with Bitcoin and have easy access to buy it.
In this case, Bitcoin is still trapped inside this area and yesterday’s move up did nothing but tested the mid point of that range (TP1).
Bitcoin seems to wait for the next big fundamentals to cause the break from this range in either direction.
Yesterday’s move up was fuelled up by rumor about PayPal starting to allow their customers to buy Bitcoin directly.
If that becomes available, it will be huge for Bitcoin and so many people will firstly get in touch with Bitcoin and have easy access to buy it.
Highly recommended to join my friend's channel. He has helped lots of people in the industry!
The channel is providing trading on hundreds of assets and optimal trading conditions on all platforms
- Highly experienced in cryptocurreny
- Most profitable and highly accurate trades
- Fully transparent
The Bull is the special channel running by professional analysts. He knows what to buy and what to sell and... WHEN!
100% make sure to check them out 🔥
https://www.tg-me.com/thebull_crypto
The channel is providing trading on hundreds of assets and optimal trading conditions on all platforms
- Highly experienced in cryptocurreny
- Most profitable and highly accurate trades
- Fully transparent
The Bull is the special channel running by professional analysts. He knows what to buy and what to sell and... WHEN!
100% make sure to check them out 🔥
https://www.tg-me.com/thebull_crypto
Telegram
The Bull
None of my posts are financial advice. Its my observation and opinion. Do your own research.
Business: @thebullowner
Exclusive Group: @TBE_SUPPORTER
Tweets: x.com/thebull_crypto
Channel link: https://www.tg-me.com/+X0yIZqu2BQxlZTBl
Business: @thebullowner
Exclusive Group: @TBE_SUPPORTER
Tweets: x.com/thebull_crypto
Channel link: https://www.tg-me.com/+X0yIZqu2BQxlZTBl
After Bitcoin reached our short trade target shared in our Premium channel, it’s time to look for next trade setup.
Since it didn’t give the proper entry point, I ended up with small short position which happened to premium members as well.
Some of them also missed the entry which is pretty fine and that happens as well but the problem no one has the courage to talk about missed trades, bad picks, failures and so on.
Trading is not what 99% people is advertising to you because all they want is you sending them the money and that’s it.
That’s why they will nnever share losing trade, missed trade or anything that will ruin their reputation. And those things are inevitable part of trading journey 🤷♂️.
Anyway, on to the next trade setup looking for another great risk to reward trade.
If you want to be part of my Premium Channel, reach out to @CryptoSignalsAdmin.
Since it didn’t give the proper entry point, I ended up with small short position which happened to premium members as well.
Some of them also missed the entry which is pretty fine and that happens as well but the problem no one has the courage to talk about missed trades, bad picks, failures and so on.
Trading is not what 99% people is advertising to you because all they want is you sending them the money and that’s it.
That’s why they will nnever share losing trade, missed trade or anything that will ruin their reputation. And those things are inevitable part of trading journey 🤷♂️.
Anyway, on to the next trade setup looking for another great risk to reward trade.
If you want to be part of my Premium Channel, reach out to @CryptoSignalsAdmin.