Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

analyst75

Market Wizard
  • Content Count

    689
  • Joined

  • Last visited

  • Days Won

    2

Everything posted by analyst75

  1. GOLD (XAUUSD) SHOWS STABILITY IN PRICE, RESUMES UPTREND Key Resistance Levels: $1,900, $1,950, $2000 Key Support Levels: $1,750, $1, 700,$1,650 Gold (XAUUSD) Long-term Trend: Ranging Gold (XAUUSD) has continued to be in a range-bound move. Since May, the Gold price has been fluctuating between levels $1,725 and $1,820.The market is yet to trend. The sideways move has made the Gold price to be relatively stable. The $1,720 support has been tested twice as bears fail to breach the support level. Similarly, the bulls have retested the $1,820 high but were repelled. A break above the $1,820 high will catapult Gold to the high of $1,900. XAUUSD – Daily Chart Daily Chart Indicators Reading: The 21-day SMA and the 50-day SMA are sloping horizontally indicating the sideways trend. Gold is at level 54 of the Relative Strength Index period 14. The crypto’s price is above the moving averages which indicate a possible rise in Gold. Gold (XAUUSD) Medium-term bias: Bullish On the 4 hour chart, the Gold price is in an upward move as price breaks above the moving averages. The upward move is facing rejection at the $1,800 resistance zone. Meanwhile, on November 4 uptrend; a retraced candle body tested the 78.6 % Fibonacci retracement level. The retracement indicates that Gold will rise but reverse at level 1.272 Fibonacci extension or $1,806.21. XAUUSD – 2 Hour Chart 4-hour Chart Indicators Reading Gold is above the 80% range of the daily stochastic. Gold price is in the overbought region of the market. The market is in a bullish momentum. The 21-day SMA and the 50-day SMA are sloping upward indicating the uptrend. General Outlook for Gold (XAUUSD) Gold’s (XAUUSD) price is resuming an upward move on the upside. Gold is rising to retest the $1,800 resistance level. Source: https://learn2.trade
  2. SILVER (XAG) DAILY CLOSE ABOVE $24 HANDLE PAVES THE WAY Source: https://learn2.trade Silver (XAG) Price Analysis – November 7 The price of spot Silver (XAG) has risen significantly in recent trade having breached the $24.00 handle for now. The precious metal buyers look to conquer further barriers and pave the way for an upward move towards the $24.50 level. A continued decline in global and US yields would be required for such a move higher. Key Levels Resistance Levels: $25.50, $25.00, $24.50 Support Levels: $23.50, $23.00, $22.10 XAGUSD Long term Trend: Ranging Silver (XAG) has demonstrated a positive breakthrough beyond the $24.00 resistance level on the daily chart from a technical standpoint. The nearest resistance is likely to be at $24.50, while the first and second support levels are expected to be at $23.50 and $23.02, respectively. Since the end of October, silver has been climbing in a rising pattern versus the US dollar. Meanwhile, throughout the next session, the rate may find support from the rising trendline support around the $23.50 range. As a result, the price of silver may continue to rise in the present and next session. XAGUSD Short term Trend: Ranging On the 4-hour time frame, bulls are currently supporting an optimistic relative strength index trend to hit $24.50 in a second attempt to surpass upward. However, the commodity’s future gain may be hampered by the barrier zones around $24.82 and $25.00. During the metal’s decline, the $23.50 level is the important support to consider ahead of the psychological horizontal support level near $23.00. If the price falls below $23.00, the $22.10 support level may come into focus, as a negative breach of the level might encourage the bears. Source: https://learn2.trade
  3. Why cryptos investors need to stay away from www.coindirect.com Number one: Their customer support is awful. If you have any problems with their services or issues on their platform, and you send them messages. They won’t reply you. Number two They charge inactivity fees. The best way to make money from cryptos is to buy and hold forever, but these people will begin to charge inactivity fees until all your gains and capital all gone. When you exchange one crypto to another or you trade, they won’t charge you because you pay fees for those activities anyway... However, when you decide to just hold, you pay with all your funds. They begin to charge you gradually and until there is nothing left in your investment again. Binance and Bitrex and other popular cryptos exchanges do not do this. Nothing will ever happen to your funds unless you want to cash out or trade. Profits from games of knowledge: https://www.predictmag.com/
  4. SHIBA INU COMES UNDER INTENSE SELL PRESSURE AS THIRD-LARGEST SHIB WHALE MOVES HOLDINGS The Shiba Inu (SHIB) ownership concentration came under scrutiny as the meme coin continued to slide from its recent highs. According to reports, of the 872,382 wallets that hold SHIB, only ten control 72% of the total supply. Experts have expressed their concerns with this situation and that despite the abundance of transparency in the crypto industry, it is almost impossible to link wallets to their owners. They also worry that this anonymity leaves market participants unaware of whale concentration and activities that influence prices. Shiba Inu attracted a significant level of buzz after it flipped Dogecoin to become the ninth-largest cryptocurrency by market valuation last week. That said, all eyes are on the SHIB whale that controls over 13% of the circulating supply of the meme coin. Meanwhile, whale wallet concentration has triggered worry over possible liquidity issues amid the growing sell pressure on SHIB at the moment. At press time, the eleventh-largest cryptocurrency has dropped by over 10% in the last 24 hours and 29% in seven days. While no token sale has occurred yet from the earlier mentioned whale wallet, this address has moved about 10 trillion SHIB to four newly-created addresses, sparking liquidation fears. Interestingly, transaction activity on the SHIB network recorded an exponential increase, momentarily exceeding other top networks like Ethereum (ETH) and Solana (SOL). This increase in activity stems from the selling pressure on the SHIB network, as holders dump their tokens to realize profits from the recent rally. Key Shiba Inu Levels to Watch — November 5 As mentioned earlier, Shiba Inu is in a dramatic bearish spiral as traders book profits. The meme currency bottomed at $0.00004312 yesterday before jumping near the $0.00005500 resistance. This jump failed to yield the desired results for SHIB holders as the cryptocurrency dropped again to $0.00004500. SHIBUSD – 4-Hour Chart However, the eleventh-largest cryptocurrency has rebounded again near the $0.00005500 resistance as bulls attempt to reclaim that level and push the price higher. That said, the critical level for bulls at the moment is the $0.00006000 psychological, where my descending trendline from the recent ATH resides. Meanwhile, my resistance levels are $0.00005500, $0.00006000, and $0.00006500, and my key support levels are $0.00005000, $0.00004500, and $0.00004200. Total Market Capitalization: $2.72 trillion Shiba Inu Market Capitalization: $27.4 billion Shiba Inu Dominance: 1% Market Rank: #11 Source: https://learn2.trade
  5. DOGECOIN (DOGE) DECLINES ON THE DOWNSIDE, REVISITS BREAKOUT LEVEL AT $0.23 DOGE/USD Long-term Trend: Bullish Since October 29, Dogecoin’s (DOGE) price has been in a downward move. On October 28, the cryptocurrency was in a vertical rally as it reached the high of $0.34. DOGE price was resisted as the altcoin tested the previous resistance zone at $0.34. The market has declined to $0.26 low or above the 21-day SMA. Dogecoin will further decline on the downside if these levels are breached. On the other hand, if the 21-day SMA holds, buyers will recoup above the current support and resume a new uptrend. DOGE/USD – Daily Chart Daily Chart Indicators Reading: DOGE price has fallen to level 52 of the Relative Strength Index period 14. Despite the retracement, the altcoin is trading in the bullish trend and it is above the centerline 50. The crypto’s price is above the moving averages and it is retesting the 21-day SMA support. The selling pressure will resume if price breaks below the moving averages. DOGE/USD Medium-term bias: Bearish On the 4 hour chart, the DOGE price is in a downward move. It has broken below the moving averages. There is a likelihood of price reaching the previous low. Meanwhile, on October 28 downtrend; a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that DOGE price will fall to level 2.0 Fibonacci extension or level $0.23. DOGE/USD – 4 Hour Chart 4-hour Chart Indicators Reading The market has fallen below the 20% range of the daily stochastic. Dogecoin has fallen to the oversold region of the market. The implication is that the current downtrend has reached bearish exhaustion. The market is likely to resume an upward move. The crypto’s price is below the moving averages. General Outlook for Dogecoin Dogecoin is in a downward move. The cryptocurrency is likely to revisit the previous breakout of $0.23. This has been confirmed by level 2.0 Fibonacci extension or level $0.23. Source: https://learn2.trade
  6. USDJPY LOOKING FORWARD TO A BULLISH RIDE AFTER ACCUMULATION USDJPY Analysis – Price Is Looking Forward to a Bullish Ride at the 113.400 Significant Level USDJPY is looking forward to a bullish ride after several accumulations at a significant price level of 113.400. Market accumulation proceeded due to price action seeking to give both the buyers and sellers their positions in the market. Furthermore, as the buyers are always looking forward to pushing the price upward, the bears try to hold positions by accumulating at a significant price level before distribution occurs. USDJPY Price Levels Resistance Key Level: 113.409, 112.200 Support Key Level: 110.800, 109.100 USDJPY Long Term Trend: Bullish As a result of the price increase, the USDJPY is projected to sustain its bullish ride. After a period of price accumulation between the significant price levels of 110.800 and 109.100, the market bulls took control. However, the more the accumulation, the more the market will finally allocate in a particular manner. After a protracted period of consolidation, the price was finally dispersed, and the bulls took control. The buyers then ride for a little longer, breaking over the significant price mark of 110.800, which they then retested before continuing. The USDJPY gathered steam and eventually broke past the 113.400 significant price mark. This level, however, has been retested, and the price is thought to be accumulating at this extremely important level. As the momentum builds, pricing is expected to take a stronger positive turn. The Momentum indicator shows price movement diminishing, which indicates the price movement accumulation level. USDJPY Long Term Trend: Bullish On the 4-hour chart, the market has gained enough momentum to rally the price upward. However, above the 113.400 price level, the bulls and the bears are still holding on to their positions. The price is expected to move above this accumulation phase and bounce up. The Parabolic SAR (Stop and Reverse) shows price movement in range as both bulls and bears are holding their positions. USDJPY is therefore looking forward to a bullish ride when the momentum increases. Source: https://learn2.trade
  7. AUDUSD RISES PAST 0.7550 DESPITE RISING US T-BOND YIELDS AUDUSD Price Analysis – October 28 The AUDUSD trades higher at 0.7554 at the time of writing, up 0.50 percent during the American session. In the near term, the pair could drop lower but it remains a buy on dips. The US Dollar Index, which gauges the performance of the greenback, falls 0.6 percent to 93.30, despite rising US T-bond yields, with the 10-year benchmark note climbing three basis points to 1.561 percent. Key Levels Resistance Levels: 0.7800, 0.7700, 0.7600 Support Levels: 0.7450, 0.7350, 0.7220 AUDUSD Long term Trend: Ranging On the daily AUDUSD chart, we can see that the moving averages of 5 and 13 are beneath the price, which provides support. Bulls are also keeping an eye on the latest 0.7555-level high for a possible upward breakout. In terms of technical analysis, a simple split beyond favors bulls continuing north. Relative Strength Index circumstances, on the other hand, may pose a challenge to the bulls after that due to overbought conditions. On the downside, the pair’s losses below 0.7478 may recall sellers targeting 0.7450 support convergence as of mid-July, which included moving averages 5 and 13 with horizontal support. AUDUSD Short term Trend: Bullish On the 4-hour chart of the AUDUSD, the upside rally continues, and the intraday bias is initially bullish. A breach of the 0.7478 support level could imply short-term topping, given the situation of bearish divergence in the short term RSI and price. To resolve the full 0.7170 level increase pattern, the intraday bias for the 0.7450 support level will be returned to the downside in this scenario. However, if the resistance level of 0.7550 is sustained, the growth could accelerate to 0.7600. Source: https://learn2.trade
  8. Meet a maverick on Blockster Blockster is a cryptocurrency social platform. Blockster connects everyone within the blockchain industry into one place—all the cryptocurrencies, the teams behind the projects, as well as, the traders and investors. Communicate and network with the very core of the blockchain industry, and stay ahead of the market trends via Blockster. Get insightful posts, reviews, breaking news, interesting comments, and latest updates from the world of cryptos, from Azeez Mustapha: https://blockster.com/AzeezMustapha46102
  9. GOLD (XAUUSD) REBOUNDS ABOVE $1,757 SUPPORT, RESUMES UPTREND Key Resistance Levels: $1,900, $1,950, $2000 Key Support Levels: $1,750, $1, 700,$1,650 Gold (XAUUSD) Long-term Trend: Ranging On October 13, the Gold (XAUUSD) price broke above the moving averages and retested the 50-day SMA. This is an indication that the market is likely to rise on the upside. The uptrend is likely to resume on the upside after retesting the 50-day SMA. The market will rise to retest the $1,820 overhead resistance. XAUUSD will have an accelerated price movement if the resistance is breached. Gold price will retest the previous high of $1,920. On the other hand, the range-bound move will continue if Gold faces rejection at $1,820 resistance. XAUUSD – Daily Chart Daily Chart Indicators Reading: The 21-day SMA and the 50-day SMA are sloping horizontally indicating the sideways trend. Gold is at level 53 of the Relative Strength Index period 14. Gold is in the uptrend zone and above the centerline 50. Gold is capable of rising on the upside. Gold (XAUUSD) Medium-term bias: Bullish On the 4 hour chart, the Gold price rebounded above $1,757 support and rallied to the high of $1,800. The market has reached the overbought region of the market. Sellers have emerged to push prices down. Meanwhile, on October 13 uptrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that Gold will rise to level 1.618 Fibonacci extension or $1,818.70 . XAUUSD – 4 Hour Chart 4-hour Chart Indicators Reading Gold is below the 80% range of the daily stochastic. It is in a bearish momentum. The 21-day SMA and the 50-day SMA are sloping upward indicating the uptrend. General Outlook for Gold (XAUUSD) Gold’s (XAUUSD) price has resumed an uptrend after breaking above the moving averages. The current uptrend is likely to reach a high of $1,820.Gold may face another rejection at the $1,820 resistance. Source: https://learn2.trade
  10. XAGUSD Price Analysis – October 19 Silver (XAG) positive fortunes faded around the $23.50 mark, with the price erasing its most recent thrilling bounce above the moving average of 13. During the Monday session, the commodity rose slightly and was last seen lingering near day highs in the $23.22 -$23.40 range. Key Levels Resistance Levels: $24.50, $24.00, $23.50 Support Levels: $22.87, $22.10, $21. 42 XAGUSD Long term Trend: Ranging Today, the white metal has struggled and it’s unable to break above the top range of the surge around $23.50, it is currently trading in the red at $23.22 per ounce. Beyond the $23.50 mark, the bulls may regain a stronger grasp. The XAGUSD pair is held by the rebound trend and the trend may remain in a recovery mode. A closing above today’s upper range, currently at $23.45, might signal a low rebound from the $21.42 level continuation of the rally that began in late September, paving the way for a break beyond the $23.50 barrier. XAGUSD Short term Trend: Ranging Silver (XAG) has a greater range on the 4-hour time frame from late September lows at a level of $21.42, suggesting potential upside. As a result, the metal continues to climb. It has already broken through the previous high of $23.00, signaling that the next upward phase is underway. The pair is expected to find support at $22.87, and a break of that level might take it to the next level of $22.10 support. The pair is expected to hit its initial critical resistance around $23.50, with a break taking it to the next level of resistance at $24.00. Source: https://learn2.trade
  11. MASTER TRADER JOE ROSS PASSES ON Dear Traders, We are sad to inform you of the passing of Master Trader Joe Ross on the morning of Tuesday, September 7, 2021 at the age of 87. He went peacefully doing what he loved, by taking care of Loretta, his wife of 62 years of marriage and teaching his students from every continent how to trade. Joe has always been a free spirit and loved the trading world being his own boss. He quickly learned that teaching others was his true passion. The joy of educating those about a system in which he had true confidence and to see others come into their own. That was his greatest pleasure. He was proud to be a devoted Christian and combined spirituality with trading. Our condolences to our traders and students for the loss of a mentor and close friend, some would even go as far as saying a “father-figure” and he wore that title proudly. Master Trader Joe Ross’ passing came upon us unexpectedly and suddenly. Again, we would like to send our condolences to those who lost a mentor and a friend. Joe, you will forever be in our hearts. Who is Joe Ross? Joe Ross is the creator of the Ross hook™, and has set new standards for low-risk trading with his concepts of “The Law of Charts™” and the “Traders Trick Entry™.” Joe was a private trader and investor for much of his life, but a serious health situation in the late 80’s caused him to shift his focus, and that is when he decided to share his knowledge. After his recovery, he founded Trading Educators in 1988, to teach aspiring traders how to make profits using his trading approach. Joe Ross has written twelve major books and countless articles and essays about trading. All his books have become classics, and have been translated into many different languages. His students from around the world number in the thousands. His file of letters containing thanks and appreciation from students on every continent is huge: As one student, a successful trader, wrote: “Your mastery of teaching is even greater than my mastery of trading.” Joe Ross holds a Bachelor of Science degree in Business Administration from the University of California at Los Angeles. He did his Masters work in Computer Sciences at the George Washington University extension in Norfolk, Virginia. He is listed in “Who’s Who in America.” After 5 decades of trading and investing, Joe Ross still tutors, teaches, writes, and trades regularly. Joe is an active and integral part of Trading Educators. He is the founder and contributor of the company’s newsletter Chart Scan™. “Master Traders Joe Ross was one of the most eclectic traders in the world. And he remains one of the few best mentors I have, alongside, Dr. Van. K. Tharp (may he live long), and one or two others. His teachings and insights into the markets have contributed to making me who I am today. He also talks about the spiritual side of trading, concluding that trading is no sin.” – Azeez M. “The trading world has lost a unique and passionate trader. He explained to me that his material will never go out of date, only the technology. Recently, we updated several of his hardback books into eBooks and he was right. From making trades over the phone to the “pit” then to opening an online account, my how things have changed. But he is correct about his methods, they will continue to apply to the markets regardless of how technolgy advances.” – Martha Ross-Edmunds (Joe’s daughter) Joe Ross’ Trading Philosophy: “Teach our students the truth in trading — teach them how to trade,” and “Give them a way to earn while they learn — realizing that it takes time to develop a successful trader.” IN MEMORIAM: Joe Ross (RIP) Source: https://learn2.trade
  12. BITCOIN PRICE ANALYSIS: LONG-TERM HOLDERS REMAIN UNSHAKEN BY PRICE ACTIONBITCOIN PRICE ANALYSIS: LONG-TERM HOLDERS REMAIN UNSHAKEN BY PRICE ACTION Azeez Mustapha 14 October 2021 | Updated: 14 October 2021 New reports from Glassnode show that despite the recent price surge in Bitcoin (BTC), long-term holders have shown no intention to liquidate and realize profits yet. The blockchain analytics provider also revealed that the percentage of BTC supply held for at least three months reached 85%, a new all-time high. Citing data from Glassnode, famous Chinese crypto analyst Colin Wu illustrated the recent behavior of Bitcoin holders and their attitude towards the benchmark cryptocurrency. The analyst detailed that the percentage of long-term holders that have not moved their coins in over ten years stands at 12.3%. These tokens are deemed dormant for this reason. The analyst further noted that the percentage of long-term holders that have not transferred their coins between two to three years and three to five years stands at 10% and 12.26%, respectively. Finally, the highest percentage of long-term holders were those who have refused to move their coins between the last six months to twelve months, standing at 19.5%. That said, 85.14% of BTCs have not exchanged hands for at least three months, a new record high. In July, Bitcoin struggled to keep its head above the $30,000 mark. Today, it has almost doubled this number, but investors remain steadfast in holding their coins. Key Bitcoin Levels to Watch — October 14 As predicted in our previous analysis, BTC witnessed a sharp correction to the $55,000 – $54,000 pivot axis from the $57,500 level over the last 48 hours. This correction found immediate support from the $54,000 level, which triggered a rebound to a new five-month high at $58,500 earlier today. BTCUSD – 4-Hour Chart While the price currently rests around $57,500, we expect a bull run to the $59,000 resistance over the coming hours and days. Meanwhile, our resistance levels are at $58,000, $59,000, and $60,000, and our key support levels are at $56,700, $56,000, and $55,000. Total Market Capitalization: $2.40 trillion Bitcoin Market Capitalization: $1.07 trillion Bitcoin Dominance: 44.9% Market Rank: #1 Source: https://learn2.trade
  13. The trend known as DeFi, or Decentralized Finance, is taking the blockchain world by storm. As you can see from the chart above, the total amount invested (or “locked”) in DeFi is about $7.5 billion, up from just over $1 billion in June. This is either a blockchain breakthrough, or a blockchain bubble. (Turns out, it's both.) This week I went in deep into DeFi. My goal was to see if there’s real value there, and to understand why people have bet $7.5 billion on its future. Is DeFi worth the investment? Read on to find out what I learned. What the DeFi At a high level, DeFi (or Decentralized Finance) is a set of websites and apps where digital assets (like Ethereum) can be used to create new financial products like loans, index funds, and derivatives. That’s a mouthful to explain, so here's a simple example. In a traditional bank, let’s say you want to take out a loan to start out a new business. Applying for this loan will require hours of time and mountains of paperwork. You might have to put up your house as collateral – if you can’t pay back the loan, in other words, the bank can take your house. If you’re approved, the bank gives you the money, then you gradually pay back this loan (with interest). This is what we call traditional or centralized finance – it’s managed by a central institution (a bank), which itself reports to a bigger central instituion -- what we literally call the “Central Bank." With a decentralized loan, this model gets flipped on its head: you're borrowing not from banks, but from other users. You buy digital assets (like Ethereum), then use simple, one-click apps like Compound to take out a loan, using that Ethereum as collateral. Behind the scenes, the app finds lenders -- not banks, but other investors who are earning interest by lending to you. If you can’t pay back the loan – or the price of your original Ethereum drops suddenly – the app will sell your original Ethereum (just as the bank might seize your house). This is one reason DeFi apps are incredibly risky, and you should be prepared to lose 100% of your investment. Read the rest here: https://myemail.constantcontact.com/The--7-5-Billion-Dollar-Blockchain-Investment.html?soid=1130383719242&aid=vXCpzSLRwGg Profits from games of knowledge: https://www.predictmag.com/
  14. As the cryptocurrency industry continues to grow, it has become increasingly easy to make money either through investing, trading (speculating), mining, or engaging in earning/learning and Airdrop programs—the focus of this article. How Earn-to-Learn Works Many crypto platforms, including two of the biggest cryptocurrency companies, CoinMarketCap and Coinbase, offer earn-to-learn education services where participants get paid to partake in short crypto-based courses. Partaking in this program involves three easy steps: Watch a few short videos Take a quick quiz Earn crypto It is that simple! Understanding Crypto Airdrop Meanwhile, Airdrop Chasing is another quick and easy way to earn rewards from the crypto industry. Most times, project developers airdrop tokens (give out free coins) to interested parties who participate in a few simple tasks to generate buzz for a new project. Some tasks required by these projects include: Following their social media channels Sharing posts on social media Signing up on their platform Completing a form about the project Downloading their app Because participants of airdrops come on board at an early stage of a project, the profit potentials are extraordinary. Many crypto enthusiasts have become overnight millionaires from participating in simple airdrops. After airdropped projects hit exchanges, holders can decide to trade or swap the earned tokens. Commenting on the benefits of airdrops, Chair of CoinDesk, Michael Casey, argued that it is essential to aggressively market a token if it is to succeed, adding that: “A currency is nothing if it is not widely used. And that can’t be achieved unless people make some cost-incurring effort to encourage widespread usage.” Nonetheless, interested parties need to ensure they are not getting scammed, as airdropping has become a popular scamming tool in the crypto space. Some airdrop owners artificially inflate the value of their programs and dump them to make quick profits, leaving participants with close to worthless tokens.
  15. CRYPTOCURRENCY FAUCET: AN EASY WAY TO EARN PASSIVE CRYPTO REWARDS If you have ever wondered about how to earn cryptocurrency outside of trading, investing, or mining, then this article should set you on course to one of the simplest crypto earning practices—Faucets. Understanding Cryptocurrency Faucets Crypto faucets are apps or websites where small amounts of crypto assets get distributed as a reward for completing easy tasks. These platforms go by faucets because the coins disbursed are minute, like tiny water drops from a leaky faucet. To earn crypto rewards from faucets, participants need to complete simple tasks, like viewing ads, viewing product videos, answering quizzes, opening links, or completing a captcha. Most platforms offer rewards according to the difficulty of the underlying task. That said, many platforms have minimum payout thresholds. In this case, small rewards accumulate in a designated online wallet. Users can only withdraw after their accumulated coins reach the stipulated level. With some faucets, this could take just a day, with many others, it could take longer than a week. What is in it for the Company Behind Cryptocurrency Faucets? While cryptocurrencies have become a household name in the financial world, many of them have not attained a mainstream status and are unheard of by many people across the globe. That said, by giving out free coins to random individuals globally, the host company aims at sensitizing the public about its product and attracting investors. Popular Bitcoin Faucet In 2010, Bitcoin developer Gavin Andresen developed a faucet to give out five BTC (yes, five!) to successful task candidates. The idea behind it was to create awareness for Bitcoin, a relatively obscure concept at the time. Today, numerous faucets are willing to dole out free coins to interested participants. Some famous faucet platforms include Freebitcoin, Cointiply, Bitcoin Aliens, Faucet Crypto, Fire Faucet, Coinpayu, BTCClicks, and Satoshi Quiz. Source: https://learn2.trade
  16. Michal first heard about bitcoin in 2014. He had $4,000 in his savings account. Inspired by his programmer friend, a rabid bitcoiner, he went all-in. “At the time,” he wrote on his Medium page, “I invested my $4k, the price of a bitcoin was about $600. I got 6.55 BTC. I will never forget that number. Over the next half a year, bitcoin’s price kept steadily declining, until it bottomed out at $152, in January 2015. That’s a 75% loss just like that before I knew anything about how investment (or crypto) cycles work!” But Michal was committed. He held. More importantly, he had other things occupying his time. He was zooming out. In April 2017, the price of bitcoin hit $1,200. He held. And he kept learning. Between April and December of 2017, it shot up to $20,000. He held. And learned more. And then, it crashed down to $6,000. While most people were panicking, what did Michal do? He bought more. Recently, he began leveraging that crypto in “blockchain banks,” making about $3,000 per month. And now that DeFi is maturing, he’s begun pulling in, on average, $20,000 per month. His portfolio recently hit the $1 million mark. He wrote: “The reason most people who invest in crypto don’t end up rich is that they can’t hold — or, in the crypto parlance HODL. HODLing is much harder than it sounds.” Michal offers these three pieces of advice: ONE Patience and calm. I watched my holdings dip 75% almost right after I bought them. I held. Then I watched them dip 85% again in 2018. I held. And I bought more. I’m not even counting all the other 20–40% dips in-between. TWO Timing is king. Yes, I was lucky that I heard about bitcoin in 2014. But it was my decision to seize the day and not wait a couple of years to see if the technology proves itself. Then again, in 2019, when the price was low, I topped up. It was the right time to do so, even though the returns were far from immediate. THREE Less is often more. I know many people who at some point became active traders in crypto. All of them either lost money or made several times smaller gains than they would have if they just held BTC, as I did. The first rule of trading is — don’t lose money. Don’t trade the market if you lack the experience… or the patience to wait for the right opportunities. Again, if you’re interested in crypto in general, dipping your toes in all it has to offer isn’t a bad idea. Being well-rounded can only help. But, in the end, those who play to their strengths win out. Author: Chris Campbell For Altucher Confidential NB: This article teaches a mighty, real-life lesson. Thank you, Chris C. “Great investing requires a lot of delayed gratification,” says Charlie Munger. And this quote is also apt for the blockchain industry. Don’t sell your coins. It doesn’t matter if crypto markets undergo seriously protracted bearish trends, which can happen anytime; viable coins will ultimately trend upwards and bring massive returns in the future. Selling your coins is like killing the goose that lays the golden eggs. Rather, you should use serious bearishness as opportunity to buy more coins. This advice is enough for wise investors. Source: https://learn2.trade
  17. Michal first heard about bitcoin in 2014. He had $4,000 in his savings account. Inspired by his programmer friend, a rabid bitcoiner, he went all-in. “At the time,” he wrote on his Medium page, “I invested my $4k, the price of a bitcoin was about $600. I got 6.55 BTC. I will never forget that number. Over the next half a year, bitcoin’s price kept steadily declining, until it bottomed out at $152, in January 2015. That’s a 75% loss just like that before I knew anything about how investment (or crypto) cycles work!” But Michal was committed. He held. More importantly, he had other things occupying his time. He was zooming out. In April 2017, the price of bitcoin hit $1,200. He held. And he kept learning. Between April and December of 2017, it shot up to $20,000. He held. And learned more. And then, it crashed down to $6,000. While most people were panicking, what did Michal do? He bought more. Recently, he began leveraging that crypto in “blockchain banks,” making about $3,000 per month. And now that DeFi is maturing, he’s begun pulling in, on average, $20,000 per month. His portfolio recently hit the $1 million mark. He wrote: “The reason most people who invest in crypto don’t end up rich is that they can’t hold — or, in the crypto parlance HODL. HODLing is much harder than it sounds.” Michal offers these three pieces of advice: ONE Patience and calm. I watched my holdings dip 75% almost right after I bought them. I held. Then I watched them dip 85% again in 2018. I held. And I bought more. I’m not even counting all the other 20–40% dips in-between. TWO Timing is king. Yes, I was lucky that I heard about bitcoin in 2014. But it was my decision to seize the day and not wait a couple of years to see if the technology proves itself. Then again, in 2019, when the price was low, I topped up. It was the right time to do so, even though the returns were far from immediate. THREE Less is often more. I know many people who at some point became active traders in crypto. All of them either lost money or made several times smaller gains than they would have if they just held BTC, as I did. The first rule of trading is — don’t lose money. Don’t trade the market if you lack the experience… or the patience to wait for the right opportunities. Again, if you’re interested in crypto in general, dipping your toes in all it has to offer isn’t a bad idea. Being well-rounded can only help. But, in the end, those who play to their strengths win out. Author: Chris Campbell For Altucher Confidential NB: This article teaches a mighty, real-life lesson. Thank you, Chris C. “Great investing requires a lot of delayed gratification,” says Charlie Munger. And this quote is also apt for the blockchain industry. Don’t sell your coins. It doesn’t matter if crypto markets undergo seriously protracted bearish trends, which can happen anytime; viable coins will ultimately trend upwards and bring massive returns in the future. Selling your coins is like killing the goose that lays the golden eggs. Rather, you should use serious bearishness as opportunity to buy more coins. This advice is enough for wise investors. Source: https://learn2.trade
  18. MASTER TRADER JOE ROSS PASSES ON Dear Traders, We are sad to inform you of the passing of Master Trader Joe Ross on the morning of Tuesday, September 7, 2021 at the age of 87. He went peacefully doing what he loved, by taking care of Loretta, his wife of 62 years of marriage and teaching his students from every continent how to trade. Joe has always been a free spirit and loved the trading world being his own boss. He quickly learned that teaching others was his true passion. The joy of educating those about a system in which he had true confidence and to see others come into their own. That was his greatest pleasure. He was proud to be a devoted Christian and combined spirituality with trading. Our condolences to our traders and students for the loss of a mentor and close friend, some would even go as far as saying a "father-figure" and he wore that title proudly. Master Trader Joe Ross' passing came upon us unexpectedly and suddenly. Again, we would like to send our condolences to those who lost a mentor and a friend. Joe, you will forever be in our hearts. Who is Joe Ross? Joe Ross is the creator of the Ross hook™, and has set new standards for low-risk trading with his concepts of "The Law of Charts™" and the "Traders Trick Entry™." Joe was a private trader and investor for much of his life, but a serious health situation in the late 80's caused him to shift his focus, and that is when he decided to share his knowledge. After his recovery, he founded Trading Educators in 1988, to teach aspiring traders how to make profits using his trading approach. Joe Ross has written twelve major books and countless articles and essays about trading. All his books have become classics, and have been translated into many different languages. His students from around the world number in the thousands. His file of letters containing thanks and appreciation from students on every continent is huge: As one student, a successful trader, wrote: "Your mastery of teaching is even greater than my mastery of trading." Joe Ross holds a Bachelor of Science degree in Business Administration from the University of California at Los Angeles. He did his Masters work in Computer Sciences at the George Washington University extension in Norfolk, Virginia. He is listed in "Who's Who in America." After 5 decades of trading and investing, Joe Ross still tutors, teaches, writes, and trades regularly. Joe is an active and integral part of Trading Educators. He is the founder and contributor of the company's newsletter Chart Scan™. “Master Traders Joe Ross was one of the most eclectic traders in the world. And he remains one of the few best mentors I have, alongside, Dr. Van. K. Tharp (may he live long), and one or two others. His teachings and insights into the markets have contributed in making me who I am today. He also talks about the spiritual side of trading (https://tradingeducators.com/about-our-traders), concluding that trading is no sin.” – Azeez M. “The trading world has lost a unique and passionate trader. He explained to me that his material will never go out of date, only the technology. Recently, we updated several of his hardback books into eBooks and he was right. From making trades over the phone to the "pit" then to opening an online account, my how things have changed. But he is correct about his methods, they will continue to apply to the markets regardless of how technolgy advances.” - Martha Ross-Edmunds (Joe’s daughter) Joe Ross' Trading Philosophy: "Teach our students the truth in trading — teach them how to trade," and "Give them a way to earn while they learn — realizing that it takes time to develop a successful trader." IN MEMORIAM: https://www.tradingeducators.com/special-edition-897-in-memoriam Profits from games of knowledge: https://www.predictmag.com/
  19. Amid the bearish charge witnessed in Bitcoin (BTC) on Monday, El Salvador President Nayib Bukele revealed that the country bought the dip. El Salvador’s Bitcoin Law went into effect on September 7, making it the first sovereign nation to adopt the flagship cryptocurrency as legal tender. President Bukele announced via Twitter that his government acquired an additional 150 BTC with the dip. He tweeted that: BTC traded around $45,000 when Bukele made the announcement yesterday. However, the cryptocurrency has since dropped to the lower-$40,000 area, according to data from TradingView. Meanwhile, ATM tracking website Coinatmradar.com recently revealed that the North American nation now has 205 crypto ATM locations, the third-largest by a country (behind the US and Canada). The launch of the Chivo wallet, the country’s official crypto wallet, started with a rocky start. However, Bukele has assured that the Chivo app now operates in optimal capacity. Reports show that the full adoption of the Chivo app could cost remittance providers like Moneygram and Western Union over $400 million per annum. Last Friday, Bukele tweeted that about 1.1 million Salvadorans now use the Chivo wallet, adding that: “we haven’t enabled 65% of phone models yet.” Key Bitcoin Levels to Watch — September 21 BTC has fallen to a new monthly low of $40,140 following the industry-wide crash. The benchmark cryptocurrency now struggles to pick itself up and back to recent highs. Already, Bitcoin is on track to post a red monthly candle for September as it always has since it went mainstream. BTCUSD – 4-Hour Chart That said, we expect a steady rebound above the $44,000 mark and higher over the coming hours. Nonetheless, we could see a retest of the $41,000 mark if bulls fail to reclaim the $44,000 level soon. Meanwhile, our resistance levels are at $44,000, $44,400, and $45,000, and our key support levels are at $43,000, $42,000, and $41,000. Total Market Capitalization: $2.02 trillion Bitcoin Market Capitalization: $816 billion Bitcoin Dominance: 42.4% Market Rank: #1 Source: https://learn2.trade
  20. Ethereum price breaks moving averages resumes downward Ether targets the low of $2,082 Key Highlights Ethereum ETH) Current Statistics The current price: $2,908.05 Market Capitalization: $341,770,388,786 Trading Volume: $28,141,190,537 Major supply zones: $3,000, $3,500, $4,000 Major demand zones: $2,500, $2,000, $1,500 Ethereum (ETH) Price Analysis September 22, 2021 Ethereum’s (ETH) price has fallen below the moving averages suggesting a further downward movement of the crypto. The bears have also broken below the previous low at $3,026 to another low of $2,656. As the biggest altcoin falls below the previous low, further downsides are likely. Meanwhile, on September 7 downtrend; a retraced candle body tested the 50 % Fibonacci retracement level. The retracement indicates that Ether will fall to level 2.0 Fibonacci extension or level $2,082.71. ETH/USD – Daily Chart ETH Technical Indicators Reading The crypto’s price is now below the moving averages which suggest that Ether is in the bearish trend zone. The altcoin is capable of falling in the bearish trend zone. Ether is at level 40 of the Relative Strength index period 14. It indicates that the altcoin is in the downtrend zone and below the centerline 50. The coin is above the 20% range of the daily stochastic. It indicates that the market is in the bullish trend zone. Conclusion Ethereum is likely to further decline as price breaks below the previous low at level $3,026. Nevertheless, the Fibonacci tool has further indicated a downward move to level 2.0 Fibonacci extension. ETH/USD – 4 Hour Chart Source: https://learn2.trade
  21. GBP/USD Is in Sideways Move, Battles Resistance at Level 1.4000 Key Resistance Levels: 1.4200, 1.4400, 1.4600 Key Support Levels: 1.3400, 1.3200, 1.3000 GBP/USD Price Long-term Trend: Ranging Since September 3, GBP/USD is stuck at level 1.3891. The bulls have made three attempts to break the resistance at the recent high but to no avail. On September 3, the currency pair was repelled as it fell to 1.3726 low. The bulls bought the dips as the pair resumed an upward move. However, if the bulls break the overhead resistance, the pair will rise above level 1.4000. Meanwhile, on September 3 uptrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that the Pound is likely to rise to level 1.618 Fibonacci extensions or level 1.4069. GBP/USD – Daily Chart Daily Chart Indicators Reading: The currency pair is at level 56 of the Relative Strength period 14. It implies that the pair is in the uptrend zone and above the centerline 50. The 21-day SMA and the 50-day SMA are sloping horizontally indicating the sideways move. The pair is stuck below level 1.3891 GBP/USD Medium-term Trend: Bullish On the 4-hour chart, the pair is in an uptrend. The upward move is repelled at the resistance of 1.3888. In the second uptrend, the pair is still facing rejection at the 1.3900 resistance zone. Meanwhile, on the September 10 uptrend; a retraced candle body tested the 38.2% Fibonacci retracement level. The retracement indicates that the Pound is likely to rise to level 2.618 Fibonacci extensions or level 1.4188. GBP/USD – 4 Hour Chart 4-hour Chart Indicators Reading The pair is above the 75% range of the daily stochastic. The market is in bullish momentum. It is approaching the oversold region. The 21-day and 50-day SMAs are sloping upward indicating the uptrend. General Outlook for GBP/USD Since July, GBP/USD has been in a range-bound move below level 1.4000. The pair has failed to break above the overhead resistance as the market continues range-bound movement below the resistance. The uptrend will resume if the overhead resistance is breached. According to the Fibonacci tool, the pound is likely to rise to level 1.618 Fibonacci extensions or level 1.4069. Source: https://learn2.trade
  22. AUDJPY Faces the 80.760 Support Level in Its Downtrend AUDJPY Price Analysis – September 13 AUDJPY faces the 80.760 key level as it slips downward. The market began an uptrend after price beat a retreat at the 78.200 support level. The market kept climbing upward till it reached 82.090, at which point the market was knocked down. On its way downward, however, AUDJPY now faces the 80.760 key level which is preventing it from falling further. AUDJPY Important Zones Resistance Zones: 81.500, 82.090, 82.900 Support Zones: 78.200, 79.460, 80.760 AUDJPY Long Term Trend: Bearish The AUDJPY market for the past 3 months can generally be described as bearish. This is because, since the 16th of June 2021, price has been falling. Bears faced a confrontation in the fall, majorly at 82.900 and then at 80.760. However, when the market fell to 79.200 on the 19th of August, the downtrend was reversed and price began a fresh uptrend. The market grew 5.27% to reach 82.090, where AUDJPY met brutal resistance and started plunging again. AUDJPY now faces the 80.760 key level again. The last time the price fell to this level, it took about 20 days to recover. The MA period 10 (Moving Average) has shifted to the top of the latest daily candle to push it further down. The Moving Average Convergence Divergence (MACD) is showing decreasing bullish histogram bars and its lines are converging towards the zero level. These emphasize the weight of bearish pressure in the market. But the 80.760 level will fancy its chances of keeping price up. AUDJPY Short Term Trend: Ranging AUDJPY 4-hour timeframe reveals that price has begun a ranging pattern below the 81.500 key level as 80.760 has been defending price. The MA period 10 remains above the 4-hours candlesticks, which is a sign of continuous market depression. The MACD Histogram has been all bearish since the 6th of September. Moreso, its lines are about to cross beneath the zero level. This shows that there is a tendency for the market to break lower from the 80.760 key level. When this happens, the price will fall to 80.100. Source: https://learn2.trade
  23. OK. And private is must be. Profits from games of knowledge: https://www.predictmag.com/
  24. “Profit and discomfort stand side by side. Ancient wisdom from the East: What at first brings pleasure in the end gives only pain, but what at first causes pain ends up in great pleasure. Don’t confuse execution with opportunity. Save Donkey Kong for the weekend. Pretty colors and fast fingers don’t make successful careers. Understanding price behavior and market mechanics does. Learn what a good trade looks like before falling in love with fancy software. Control risk before seeking reward. Wear your market chastity belt at all times. Attention to profit is a sign of immaturity, while attention to loss is a sign of experience. The markets have no intention of offering money to those who do not earn it. Don’t count your chickens. Profits aren’t booked until the trade is closed out. The market gives and the market takes away with great fury. Don’t have a paycheck mentality. You don’t deserve anything for all of your hard work. The market only pays off when you’re right, and your timing is really, really good. Don’t try to get even. Trading is never a game of catch-up. Every position must stand on its merits. Take your loss with composure, and take the next trade with absolute discipline. Don’t seek the Holy Grail. There is no secret trading formula, other than solid risk management. So stop looking for it. Don’t forget your discipline. Learning the basics is easy. Most traders fail due to a lack of discipline, not a lack of knowledge. Don’t project your personal life. Trading gives you the perfect opportunity to discover just how messed up your life really is. Get your own house in order before playing the markets. Don’t think it’s entertainment. Successful trading will be boring most of the time, just like the real job you have right now.” - Author: Alan Farley Profits from games of knowledge: https://www.predictmag.com/
  25. Gold (XAUUSD) Is in a Downward Correction, Struggles Below $1.830 Resistance Key Resistance Levels: $1,900, $1,950, $2000 Key Support Levels: $1,750, $1, 700,$1,650 Gold (XAUUSD) Long-term Trend: Ranging Gold (XAUUSD) is in a downward correction after its rejection at the high of level $1,900. Today, the Gold is rising after falling to the low of $1,782. The upward move will be accelerated if price breaks above the moving averages. Besides, the uptrend is hampered at the resistance at $1,830. Previous price actions have been facing rejection at the $1,830 high. Meanwhile, on September 3 uptrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that Gold will rise to level 1.272 Fibonacci extension or level $1,877.12. XAUUSD – Daily Chart Daily Chart Indicators Reading: Gold is at level 49 of the Relative Strength Index period 14. It indicates that there is a balance between supply and demand. The 21-day SMA and 50-day SMA are sloping horizontally indicating the sideways trend. Gold (XAUUSD) Medium-term bias: Bullish On the 4 hour chart, the market has fallen to its low at $1,783 as bulls buy the dips. Gold price corrected upward to the high of $1,801 but faces rejection. Meanwhile, on September 9 uptrend; a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that Gold will rise to level 2.0 Fibonacci extension or level $1,816.87. XAUUSD – 4 Hour Chart 4-hour Chart Indicators Reading Gold is above the 50% range of the daily stochastic. It indicates that the market is in bullish momentum. Gold price is rising marginally. The 21-day SMA and the 50-day SMA are sloping upward indicating the uptrend. General Outlook for Gold (XAUUSD) XAUUSD’s price is a downward correction. Gold price is attempting to break above the moving averages. A break above the moving averages will accelerate the upward move. Buyers have two hurdles to jump over. The bulls will have to break above the moving average and clear the resistance at $1,830. Source: https://learn2.trade
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.