BITCOIN TIME ANALYSIS IS 1NOV2017 THE TOP? current $6348 31Oct17
Here is a quick Time Analysis showing a POSSIBLE date for a Top which is 1Nov2017.
Sean Vengan
10+ Years Professional Trader and Trading Educator
REALITIES IN TRADING:
In trading, there are Winners and Losers. Accept it. If you can't you shouldn't be trading.
We protect our capital with stop losses. Our winning trades eat up our losing trades, with the goal, over a series of trades, to be NET POSITIVE.
Ignore newbies who are uneducated in trading & investing and say "You were so wrong" (we as traders know, a loss is insignificant over a number of trades).
Each trade posted is YOUR FREE CHOICE, YOUR RISK MANAGEMENT and YOUR RESPONSIBILITY.
Always factor in "WHAT IF I LOSE MONEY ????"
DISCLAIMERS TO VIEWERS OF MY POSTS - PLEASE READ CAREFULLY
1. If you don't agree with my views or analysis and looking to just be mischievous, it's very simple, FOLLOW SOMEONE ELSE
2. I am not here to give you financial advice and if you take a trade it is YOUR FULL RESPONSIBILITY, not mine.
3. I am not your Professional Trading Mentor or here to provide you with a Free Professional Trading Advisory Service.
4. I am not obliged to provide analysis, commentary or answer any of your questions. I am here to trade for my sole benefit, not for your benefit.
5. I am a paid member, not a free member, so I am on Trading Views to use their paid services. My presence on TV is not to provide you with analysis.
6. I am happy to help you in your trading if I choose to and I feel you are being courtesy. It is my free choice to answer you, I am not obliged to.
7. If I provide and give up MY VALUABLE TIME providing analysis to you please respect that I am providing it FREE of charge. Appreciate it and don't take it for granted.
8. If you comment to me, simply be courteous and we can show each other mutual respect. If you are rude or disrespectful I will ignore you or send you a curt reply.
9. If you are abusive I will report you and will leave it to the moderators to decide if you should be banned.
10. If you don't like my views eg If I think Bitcoin is going up and you think it is going down, then please do not abuse me just for having opposing view to you. Show us all your analysis, don't hide behind rude comments and alias name. Lack of analysis shows lack of knowledge and experience.
11. I have no issue with you expressing your opinion or disagreeing with my views but please DON'T DISRESPECT me or other traders or write personal comments, this is offensive.
12. I have over 10years+ solid Trading Experience. I do not need to justify myself to you my knowledge and experience, my analysis and commentary demonstrate my skills and expertise.
Sean Vengan
10+ Years Professional Trader and Trading Educator
REALITIES IN TRADING:
In trading, there are Winners and Losers. Accept it. If you can't you shouldn't be trading.
We protect our capital with stop losses. Our winning trades eat up our losing trades, with the goal, over a series of trades, to be NET POSITIVE.
Ignore newbies who are uneducated in trading & investing and say "You were so wrong" (we as traders know, a loss is insignificant over a number of trades).
Each trade posted is YOUR FREE CHOICE, YOUR RISK MANAGEMENT and YOUR RESPONSIBILITY.
Always factor in "WHAT IF I LOSE MONEY ????"
DISCLAIMERS TO VIEWERS OF MY POSTS - PLEASE READ CAREFULLY
1. If you don't agree with my views or analysis and looking to just be mischievous, it's very simple, FOLLOW SOMEONE ELSE
2. I am not here to give you financial advice and if you take a trade it is YOUR FULL RESPONSIBILITY, not mine.
3. I am not your Professional Trading Mentor or here to provide you with a Free Professional Trading Advisory Service.
4. I am not obliged to provide analysis, commentary or answer any of your questions. I am here to trade for my sole benefit, not for your benefit.
5. I am a paid member, not a free member, so I am on Trading Views to use their paid services. My presence on TV is not to provide you with analysis.
6. I am happy to help you in your trading if I choose to and I feel you are being courtesy. It is my free choice to answer you, I am not obliged to.
7. If I provide and give up MY VALUABLE TIME providing analysis to you please respect that I am providing it FREE of charge. Appreciate it and don't take it for granted.
8. If you comment to me, simply be courteous and we can show each other mutual respect. If you are rude or disrespectful I will ignore you or send you a curt reply.
9. If you are abusive I will report you and will leave it to the moderators to decide if you should be banned.
10. If you don't like my views eg If I think Bitcoin is going up and you think it is going down, then please do not abuse me just for having opposing view to you. Show us all your analysis, don't hide behind rude comments and alias name. Lack of analysis shows lack of knowledge and experience.
11. I have no issue with you expressing your opinion or disagreeing with my views but please DON'T DISRESPECT me or other traders or write personal comments, this is offensive.
12. I have over 10years+ solid Trading Experience. I do not need to justify myself to you my knowledge and experience, my analysis and commentary demonstrate my skills and expertise.
Comment:
What goes UP must come DOWN
This is NOT A HUGE MOOVE although the way people on this Forum are panicking you'd think Bitcoin went up $1000. You can almost touch the PANIC in EVERY SINGLE COMMENT as al the naysayers come out.
I shorted around $6250 its now $6371 thats just $120 up move - wow lets ALL PANIC !!!
And here is the thing, we can see it FIRST HAND how 90%+ of traders are driven by PURE EMOTION. NO emotions were present when the post was made.
HUMAN BEHAVIOR that's what we can profit from their PANIC
Whatever happens WATCH and observe HUMAN BEHAVIOR this Forums comments is great to learn alot how "traders" (often newbies) just flick one way and then the other way on any news.
This is NOT A HUGE MOOVE although the way people on this Forum are panicking you'd think Bitcoin went up $1000. You can almost touch the PANIC in EVERY SINGLE COMMENT as al the naysayers come out.
I shorted around $6250 its now $6371 thats just $120 up move - wow lets ALL PANIC !!!
And here is the thing, we can see it FIRST HAND how 90%+ of traders are driven by PURE EMOTION. NO emotions were present when the post was made.
HUMAN BEHAVIOR that's what we can profit from their PANIC
Whatever happens WATCH and observe HUMAN BEHAVIOR this Forums comments is great to learn alot how "traders" (often newbies) just flick one way and then the other way on any news.
Comment:
Watch and read comemnts you'll learn alot about Human Emotion and how FICKLE new trades are. The usual pIkers come out when a pubicly posted trade is going against you, wiling you to fail.
The CME is BIG no HUGE but what has price done so far on this news? Its gone up $300-$400. Is that a big move for Bitcoin?
Just liek a shoal of fish. They swim one direction and quickly flip another direction NEver knowing what they are doing.
Yes we still have Segwith2x to navigate and lets see another +300-+400 move.
Is a $$600-$800 move huge for Bitcoin?
DONT LET PANIC amoungst traders TRIGGER YOU into stupid actions
WE HAVE A PLAN and WE STICK TO IT. WE HAVE A HUGE ADVANTAGE over the 90%+ emotional traders.
90% of traders will be fooled 90% of the time.
The CME is BIG no HUGE but what has price done so far on this news? Its gone up $300-$400. Is that a big move for Bitcoin?
Just liek a shoal of fish. They swim one direction and quickly flip another direction NEver knowing what they are doing.
Yes we still have Segwith2x to navigate and lets see another +300-+400 move.
Is a $$600-$800 move huge for Bitcoin?
DONT LET PANIC amoungst traders TRIGGER YOU into stupid actions
WE HAVE A PLAN and WE STICK TO IT. WE HAVE A HUGE ADVANTAGE over the 90%+ emotional traders.
90% of traders will be fooled 90% of the time.
Comment:
THINK RATIONALLY NOT EMOTIONALLY LIKE THESE 90% of losers will end up.
That a HUGE MENTAL SHIFT, as its easy to get caught up in the rhethoric of their comments BUT NOT IF YOU HAVE A PLAN.
I AM TEACHING YOU TO THINK LIKE A TRADER NOT LIKE A NEWBIE.
DO you want o be in the 90% Loses Camp or the 10% Winners Circle (IN THE LONG RUN) CAmp - remember 1 trade is INSIGNIFICANT.
CHANGE YOUR MINDSET START THINKING LIKE A PROFESSIONAL TRADER, let the newbie pikers learn the hard way. They will NEVER MAKE MONEY
That a HUGE MENTAL SHIFT, as its easy to get caught up in the rhethoric of their comments BUT NOT IF YOU HAVE A PLAN.
I AM TEACHING YOU TO THINK LIKE A TRADER NOT LIKE A NEWBIE.
DO you want o be in the 90% Loses Camp or the 10% Winners Circle (IN THE LONG RUN) CAmp - remember 1 trade is INSIGNIFICANT.
CHANGE YOUR MINDSET START THINKING LIKE A PROFESSIONAL TRADER, let the newbie pikers learn the hard way. They will NEVER MAKE MONEY
Comment:
PROFESSIONAL ADVICE:
What is becoming more and more evident to me from the comemnts on thsi Forum is that traders on this Forum are totally UNDER FUNDED to trade Cryptos.
If you are trading with less than US$5,000 you should NOT be trading cryptos.
It is far too volatile.
If you cant withstand a $300-$400 movement than you should be out of Crypto Market and trading something like FOREX. Definitely not Cryptos.
Trading any financial market (Futures, Options, Forex, Equities Cryptos) less than $5,000 is putting tremendous pressure on you to find Winners and creates the wrong mindset
In my view, as a Pro Trader is you need a MINIMUM would be $10,000 to trade cryptos.
What is becoming more and more evident to me from the comemnts on thsi Forum is that traders on this Forum are totally UNDER FUNDED to trade Cryptos.
If you are trading with less than US$5,000 you should NOT be trading cryptos.
It is far too volatile.
If you cant withstand a $300-$400 movement than you should be out of Crypto Market and trading something like FOREX. Definitely not Cryptos.
Trading any financial market (Futures, Options, Forex, Equities Cryptos) less than $5,000 is putting tremendous pressure on you to find Winners and creates the wrong mindset
In my view, as a Pro Trader is you need a MINIMUM would be $10,000 to trade cryptos.
Comment:
www.cnbc.com/2017/10...res-by-year-end.html
Well done CME!