Staying alert in pat
We advocate a contrarian approach based on a time frame confluence system. When this confluence is absent as of right now, we do not open new large size positions. Most of the times we are positioned already and take possibly some reloads. The following charts will illustrate why at this point a “reload only” environment is present. A range break is necessary to establish a low risk entry zone. Staying alert in pat.
Monthly chart, BTC/USDT, December 6th 2019, “sideways to down”:
Bitcoin in TetherUS, monthly chart as of December 6th 2019
The monthly chart points towards weakness in the market. As much as the month of December candle bounced from a support zone, it still closed on a down note.
Stayng alert in pat, BTC/USDT, weekly chart, December 6th 2019, “bullish long entry zone”:
Bitcoin in TetherUS, weekly chart as of December 6th 2019
The weekly chart shows a vastly different picture. We went long aggressively on November 25 with both bitcoin and some portfolio reloads. Those entries were posted live in our telegram channel. Consequently we cashed in handsome profits through partial profit taking based on our quad exit strategy.
BTC/USDT, daily chart, December 6th 2019, “volatile triangle building”:
Bitcoin in TetherUS, daily chart as of December 6th 2019
The result of this misalignment of higher time frames is a triangle formation on high volatility on the daily time frame. Prices searching for stability near the supply and demand zone of $7,400. Volume indicating quite some interest of all time frame players.
Especially the near 10% intra-day advancement (and immediate decline) candle stick candle of December 4th points towards the struggle for direction.
Staying alert in pat
As contrarians we were early positioned and are holding a position in the higher likely breakout direction. Avoiding a not unusual struggle zone following, is one of the perks. We even managed to have successful reloads thereafter for income producing results. So why does the headline read “staying alert”?
If you take mid 4th quarter values of bitcoin and compare its annual advances over the last 10 years the results read as follows in percentage profit gains:
2010 to 2011 1610%
2011 to 2012 244%
2012 to 2013 1670%
2013 to 2014 70%
2014 to 2015 21%
2015 to 2016 71%
2016 to 2017 825%
2017 to 2018 -2%
2018 to 2019 45%
With an asset class of this profit potential, a larger time frame turning point is not to be missed. Present conditions evoking emotions of uncertainty need reminding of true profit potential in relationship to risk.
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.
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