It’s easy for trading noobs and pros alike be envious of those who gain 500+ pips per month, not caring that they probably got them by maximizing leverage, not putting stop losses, or not calculating position sizes.
But while these techniques could get you tons of pips, it could also blow a trading account in a heartbeat.
Remember that even a good trade idea could go south with poor risk or trade management. Managing risk is essential if you want to stay in the game long enough to acquire skills that would make you consistently profitable.
This analysis was made yesterday morning with the community on our live session. I think it's a very very important to take note that just because analysis is made for the day it doesn't necessarily mean you will be taking a trade. I guess it would trigger some sort of chemical in the brain that makes you want to trade but you really need to curb it. What I'm trying to say is set your alarms and just wait patiently for the opportunities to come to you.
Bitcoin's Current Market Cycle Will Last Until May 2020, Blockchain Think Tank Claims
A blockchain-focused think tank, the DD Think Tank, has recently suggested that Bitcoin’s current market cycle could last until May 2020, after analyzing over “100,000 pieces of data of the global cryptocurrency industry.” According to ChainDD’s 2018-2019 Cryptocurrency Market Annual Report, the cryptocurrency ecosystem is set to keep on developing in the near future, but the market will only turn bullish after Bitcoin’s halving event in 2020, when the amount of new BTC introduced into the market drops from 12.5 BTC per block to 6.25.
In its in-depth analysis, ChanDD’s DD Think Tank noted that as of January 9 of this year, there were 2,091 cryptocurrencies in the market, which lost over 87.7% of its value since its highs in late 2017.
The cryptocurrency that dropped the most during the bear market, it reads, was Bitcoin Cash (BCH) which dropped by 97.3% from its all-time high. For comparison, BTC dropped 81.5% from its all-time high.
The report adds that initial coin offerings (ICOs) in the market kept on growing significantly and launching new tokens into the market. In early 2017 there were 691 cryptos, and by the end of the year there 1,355. In 2018, these saw their numbers drop significantly.
Bitcoin’s price drop from over $6,000 to little over $3,200 came in November of last year, and DD Think Tank explains it occurred over “harsh overall economic conditions,” and over lacking investor confidence in the cryptocurrency market.
The think tank added that it believes in 2019 the bubble still present in the market will disappear, although the current cycle is only changing in 2020. #bitcoin#cryptocurrency#crypto#blockchain#forex#money#ethereum#btc#trading#business#entrepreneur#investment#bitcoinmining#invest#success#investing#binaryoptions#forextrader#wealth#trader#investor#litecoin#trx#eth#millionaire#luxury#wallstreet#bitcoinnews#finance#bhfyp
0 84 minutes ago
Bitcoin and Altcoins Trading Near Crucial Inflection Point
In the past few sessions, #bitcoin mostly traded in a tight range below the USD 3,900 resistance level. #BTC is stuck between USD 3,850 and USD 3,900 and it seems like it is preparing for the next key break. #Ethereum price is slowly moving down after it failed to break the USD 135 resistance level. #ETHdeclined below USD 132 and it could test the USD 130 support. On the other hand, ripple price spiked above the USD 0.320 resistance, but it failed to hold gains and retested the USD 0.310 support area.
There was another attempt by bitcoin price to clear the USD 3,900 resistance, but buyers failed to gain momentum. #BTC retreated a few points, but it remained in a tight range above the USD 3,850 support and below the #USD 3,900 resistance. It seems like the price is all set for the next break, which could be either above USD 3,900 or towards USD 3,800 and 3,720.
Once there is an upside break above USD 3,900, buyers are likely to take control. The next key resistance is near the USD 3,980 - USD 4,000 zone, where sellers might put up a strong fight.
Ethereum price started following a slow and steady bearish path after it failed to break the USD 135 resistance. #ETH is approaching (UTC 08: 10 AM) the USD 130 support, which could play an important role in the near term.
If buyers fail to defend the USD 1303 support, the price may decline sharply. On the other hand, the price could bounce back and even make an attempt to surpass the USD 134 and USD 135 resistance levels.
Bitcoin cash, eos and ripple price
Bitcoin cash price is slowly moving higher and it recently broke the USD 130 resistance level. #BCH /USD is showing a few positive signs and it seems like buyers could push the price above the USD 132 resistance level. #EOS is currently consolidating above the USD 3.50 support level. To start a fresh upward move, the price must clear the USD 3.60 and USD 3.70 resistance levels. On the downside, the USD 3.50 support is very important, below which there could be heavy losses. #Ripple price rallied recently above the USD 0.315 and USD 0.320 resistance levels. #bitcoininfo
Top Cryptos Look Stable as Bitcoin Hovers Over $4,000
Sunday, March 17 — the top 20 #cryptocurrencies are reporting very slight gains and losses on the day by press time. Bitcoin ( #BTC ) has pushed back just over the $4,000 mark, according to CoinMarketCap data.
At press time, #Bitcoin is down under a quarter of a percent on the day, trading at around $4,037, according to CoinMarketCap. Looking at its weekly chart, the current price is over 2.4 percent higher than the price at which Bitcoin started the week.
#Ethereum (ETH) is holding onto its position as the largest altcoin by market cap, which is at about $14.7 billion. The second-largest altcoin, Ripple ( #XRP ), has a market cap of about $13.1 billion by press time.
#ETH is down by about one percent over the last 24 hours. At press time, ETH is trading around $141, after having started the day at $140.50. On its weekly chart, Ethereum has seen its value increase by about three percent.
Second-largest altcoin #Ripple has lost just over half a percent in the 24 hours to press time and is currently trading at around $0.318. Looking at the coin’s weekly chart, its current price is nearly one percent higher than $0.315, the price at which it started the week.
Ripple’s developer ecosystem project Xpring and game industry #blockchain platform Forte have recently jointly established a $100 million fund to support game developers.
Among the top 20 cryptocurrencies, other than ETH, only five coins are seeing an over 1 percent change on the day to press time — Bitcoin SV (BSV), #Monero (XMR), Iota (MIOTA), Ontology (ONT) and #Nem (XEM). The total #market cap of all cryptocurrencies is currently hovering just under $140 billion at $139.9 billion, which is about four percent higher than $134.3 billion, the value it reported one week ago.
As Bitcoin Info reported yesterday, Ethereum co-founder Joseph Lubin said that he expects the global economy will be 10 times larger in 10 to 20 years, when blockchain is fully ramified, and that blockchain will be involved in most of it.
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