All that is needed is a little push
In our last crypto chart book, “Bitcoin Bounce Buying Opportunity“, we discussed upcoming turning points. Using a top-down multiple time frame approach. Though we advocated a low risk entry point within the next 48 hours, the theme was in not predicting the future. (It did provide quite a profitable trading bounce.) Rather, in participating when low risk opportunities present themselves, and utilizing a specific exit strategy, the Quad Exit , in order to mitigate risk along the way. We explained that even in a higher time frame monthly view, with a candlestick that needed about two more weeks until completion, the probabilities of strong bounces were probable. The point being that while it is impossible to predict the market’s turning points 100% of the time, participating with a low-risk entry is not. All that is needed is a little push.
Meaning an edge with a higher probability of one direction over the other.
August 15th 2019, BTC/USDT, daily chart, the setup:
Bitcoin in TetherUS, daily chart as of August 15th 2019
Supporting this tradable reaction (bullish bounce), the weekly chart also provided confluence with a triangle formation. This with the bottom reaching a supply demand zone acting as support.(see our last crypto chart book, “Bitcoin Bounce Buying Opportunity“)
Previous market behavior influences future market behavior, because human beings are creatures of habit. So with repeatable psychological patterns, it was only logical to assume that if we had a bounce last time, we would have a high probability of a bounce this time.
All that is needed is a little push, BTC/USDT, 60 minute chart August 25th 2019, the trade entries:
Bitcoin in TetherUS, 60 minute chart as of August 25th 2019
August 25th 2019, BTC/USDT, 15 min chart chart,all that is needed is a little push, the trades in more detail:
Bitcoin in TetherUS, 15 minute chart as of August 25th 2019
These were the trades taken and posted in real time in our telegram channel.
You can see that even so the bounce was brief it was lucrative to participate and very low risk as well.(runner returns were 2.1%, 9.5% and 6.9%)
The distinction being that while most traders trade for confirmation, by looking for breakouts out of congestion zones, they often do so in the wrong context. Therefor finding themselves on the wrong side of the move (false breakouts). For those who are risk averse to trading breakouts and would like a lower-risk approach, trading anticipatory provides such an opportunity. And this alongside with smaller stops.
All that is needed is a little push, daily chart of BTC/USDT, 25th of August 2019, double bottom:
Bitcoin in TetherUS, daily chart as of August 25th 2019
Compare the chart above with the first chart of this publication. It becomes obvious, that this wasn’t the turning point with true follow through just yet. The market rather built a double bottom. This isn’t the point so. There were plenty profits made on an attempt with all that was needed was a little push. A little edge for direction.
What matters is, that there is more than one way to skin a cat. Those participants who find it difficult to sit through the choppy waters of an all in/ all out strategy, should consider utilizing the Quad Exit strategy. In detail discussed in our Telegram channel. A tool to hold for extended targets with psychological comfort of taking partial early profits.
Join our free Telegram Group :https://t.me/joinchat/HGe22hDDEEl0LvFGAgEZ9g
All published information represents the opinion and analysis of Mr Korbinian Koller & his partners, based on data available to him, at the time of writing. Mr. Koller’s opinions are his own and are not a recommendation or an offer to buy or sell securities. Mr. Koller is an independent analyst who receives no compensation of any kind from any groups, individuals or corporations. As trading and investing in any financial markets may involve serious risk of loss, Mr. Koller recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction and do your own due diligence and research when making any kind of a transaction with financial ramifications.
Although a qualified and experienced stock market analyst, Korbinian Koller is not a Registered Securities Advisor. Therefore Mr. Koller’s opinions on the market and stocks can only be construed as a solicitation to buy and sell securities when they are subject to the prior approval and endorsement of a Registered Securities Advisor operating in accordance with the appropriate regulations in your area of jurisdiction. Past results are not necessarily indicative of future results. The passing on and reproduction of this report, analysis or information within the membership area is only legal with a written permission of the author.
Important Trading Risks and Earnings Disclaimers - Terms of Use
RISK DISCLAIMER: All forms of trading carry a high level of risk so you should only speculate with money you can afford to lose. You can lose more than your initial deposit and stake. Please ensure your chosen method matches your investment objectives, familiarize yourself with the risks involved and if necessary seek independent advice.
U.S. Government Required Disclaimer - Commodity Futures Trading Commission. Trading financial instruments of any kind including options, futures and securities have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the options, futures and stock markets. Don't trade with money you can't afford to lose.
NFA and CTFC Required Disclaimers: Trading in the Foreign Exchange market is a challenging opportunity where above average returns are available for educated and experienced investors who are willing to take above average risk. However, before deciding to participate in Foreign Exchange (FX) trading, you should carefully consider your investment objectives, level of experience and risk appetite. Do not invest money you cannot afford to lose.
EARNINGS DISCLAIMER: EVERY EFFORT HAS BEEN MADE TO ACCURATELY REPRESENT THIS PRODUCT AND ITS POTENTIAL. THERE IS NO GUARANTEE THAT YOU WILL EARN ANY MONEY USING THE TECHNIQUES, IDEAS OR PRODUCTS PRESENTED. EXAMPLES PRESENTED ARE NOT TO BE INTERPRETED AS A PROMISE OR GUARANTEE OF EARNINGS.
CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAN ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
All information presented or any product purchased from this website is for educational and research purposes only and is not intended to provide financial advice. Any statement about profits or income, expressed or implied, does not represent a guarantee. This presentation is neither a solicitation nor an offer to Buy/Sell options, futures stocks or securities. No representation is being made that any information you receive will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results. Please use common sense. Get the advice of a competent financial advisor before investing your money in any financial instrument.
Terms of Use: Your use of this educational website indicates your acceptance of these disclaimers. In addition, you agree to hold harmless the publisher and instructors personally and collectively for any losses of capital, if any, that may result from the use of the information. In other words, you must make your own decisions, be responsible for your own decisions and trade at your own risk.