In my understanding, a gambler is a person who cannot restrain themselves from random trades. This is a trader who has undergone training (or self-taught), created their profitable trading system, but continues to deplete deposit after deposit because they cannot adhere to their own rules. For every good systematic trade made by such a person, there are several random trades that eat away all the profit from
It doesn’t matter if you are a scalper or an intraday trader, it is essential to understand one of the most important rules of successful trading: you can only make money on active coins that are of interest to the market. You can identify such a coin by 3 criteria: 1. Increased relative volume. The key word here is 'relative'. This means that the daily volume should increase 3 times or more compared to the volume at which the coin is usually traded. As a rule, an increase in volume is accompanied by a strong rise or fall in price. Such coins are easy to find in any screener or even on the exchange itself by sorting coins by growth and decline.
The coin is starting to form a local uptrend, with open interest and trading volume on the rise.
For now, I see two ways to get into this trend: 1. Wait for a correction and try to enter on a bounce off the trendline, if there’s a reaction to it; 2. Wait for local bullish levels to form and enter on a breakout above them.
Take-profit targets are around 30%, i.e. up to the first chart resistance.
$ARIA The coin has been consolidating for six months and is now starting to break out of the range on rising volume.
For entry points to ride this move higher, I see three options for now: 1. Enter on a bounce off the trendline. 2. Enter on a break above the round number 0.1, if a breakout pattern forms below it. 3. Enter after long positions are flushed out in a short squeeze, if the price quickly rebounds. #ARIA
The price is moving sideways in a local range, but open interest keeps rising. Plus, trading volume isn’t falling. Taken together, this could point to position-building ahead of a move.
On the chart, I’m expecting a short squeeze to flush out longs around 0.03, followed by a quick buyback to just below the local trendline. If that happens, I’ll look for an entry to catch the continuation of the uptrend.
Either way, the coin is among the top performers by gains and volume, so it’s worth watching and waiting for an entry signal according to my trading system. The crazy pump $IRYS this week showed that, in the current market, the easiest way to make money is on shitcoins like these.
The price surged after breaking through the channel, but didn’t turn into a fakeout, as often happens with false breakouts. Instead, it continues to trade within the channel, pressing up against its upper boundary. So there are good prospects for the uptrend to continue.
Plus, the coin is currently among the top gainers, with elevated trading volume and open interest.
$DASH During yesterday’s Bitcoin drop, the coin barely budged, continuing to trade within the current structure.
It’s also encouraging to see its correlation with the market leader declining, which is an additional sign of the asset’s “strength” in the current market.
So I’ll add to the position, up to two risk units, with a stop beyond 45.
While Bitcoin and Ether hit new local lows yesterday, this coin didn't even reach a retest of its bearish trendline. This speaks to the asset's strength in this market phase.
There's a high probability that if BTC stops falling and starts turning upward, ZEC could see a strong rally.
So I'll enter with half of my planned position at current prices, and add the second half once we decisively break the bearish structure and hold above 1,400.
The price is consolidating nicely, tightening into a triangle. I’ll enter on a breakout above its upper boundary and close out in stages as momentum builds after the breakout.
The price has successfully retested the upper boundary of the channel and is starting to turn upward.
This is a good entry zone to catch the continuation of the upward move, with a clear stop-loss. There are also obvious take-profit levels after a break above the round number 0.3, where short sellers’ stop-losses will be resting.
The coin is interesting because as soon as Bitcoin showed the first signs of recovery, $PEPE immediately posted a 30% gain.
The indicators also show interest in the asset: its correlation with the market leader is below 50%, while trading volumes and open interest are rising.
So I’ll build a position on a pullback and hold it until 0.06.
And here we have not only a break of the downtrend, but also a local consolidation, below whose lower boundary we can place a tight stop loss.
Take-profit targets are at least up to the previous high. If the whole market starts rising actively, I might try to catch a bigger move beyond the round 0.1 level with part of the position.
The coin is starting to recover faster than other “heavyweight” altcoins, and there’s also a clearer reversal signal here (a trendline breakout followed by a successful retest).
So I’ll be building a position for the continuation of the broader uptrend.
The goal is to catch a decent long move with a risk/reward ratio of at least 1:5.