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 was confidently bought/sold at the approach to 300, so, most likely, we won’t see a lower price in this cycle anymore. Especially if BTC continues its upward trend.
Therefore, right now I will open a long position with a clear SL around the round 300 and take-profits in the vicinity of 400.
The price has reached the levels again for a retest. This is a decisive zone, because if these levels are broken and then the price returns back into the consolidation, it will become a strong signal to continue the upward move.
Therefore, I’m waiting for a pullback into the breakout area, and I will enter on a rebound from the support levels with a short SL. Take profits after the breakout of the round number 100.
If you look at the history of the current long-term trend’s development, you’ll see that twice in a row the price drew the same pattern: forming an ascending channel, breaking down through that channel, building up below it, and then exiting upward by taking out the local maximum.
Now the same thing is repeating, only within a wider range: the price has moved out of the ascending channel to the downside and is starting to consolidate.
So I will be building a long position with a stop-loss below the local support levels around 1220. Take profits after a breakthrough of the round number 2000.
The price broke through local long positions levels and returned to them for a retest. This is a decisive zone where it will be roughly clear where the price is going.
I’m more inclined toward the long scenario, so I’ll be entering a position with a stop below the low of this consolidation (around 234) and trying to capture a big move.
A coin with a strong underlying fundamentals, but in this cycle it hasn’t yet shown good long moves. Also, today news started appearing about it being burned, as well as the fact that at the beginning of September Polymarket launched perpetual contracts on Polygon.
Technically, there is currently a good entry point from a structure break on the 15-minute timeframe, with a stop at 0.112. Targets are around the first resistance level at 0.185.
Many people are now waiting for a Bitcoin correction; some even expect it to reach 40,000. I’m not a big crypto analyst, but looking at the inflows into spot Bitcoin ETFs, it’s not clear who would need to trigger this massive sell-off.
If you’re not aware how exchange-traded funds work, I’ll explain it in a nutshell: each issued share must be backed by a real asset. That means if inflows into Bitcoin ETFs continue to grow, the funds will have to buy Bitcoin on the exchanges and hold it themselves as collateral for the shares. At the same time, it doesn’t matter at all how much it will cost: even if the price $BTC rises tomorrow to 500,000, the funds will still be buying it—they simply have no choice.
Basically, I don’t believe in a big correction, so I’m going to try to position myself within the broader long-term uptrend.
Right now I’m seeing some decent support levels, from which I will be accumulating carefully with minimal risk.
The coin is forming a good consolidation at local highs. If you look at its history, from similar accumulation phases it has launched with powerful long candles, up 40%-50%.
Right now, I don’t see clear entry points or zones for building a position, so I’ll just keep watching it. If long activity appears, then I’ll look at the situation and decide how to latch onto this rocket—if it takes off at all.
Litecoin begins forming a channel at the highs, which can give two good entry points: 1 - a bounce off the lower boundary of this channel, 2 - a breakout of the upper boundary (long levels), if it draws them out nicely.
A third entry variant is at a retest of the upper boundary of the channel after exiting it. In case there is no basis for the first two points.
The price formed a beautiful consolidation at the highs with a narrowing into a triangle. According to the technical setup, this kind of pattern should break upward, but the coin currently has a very high correlation with Bitcoin—almost 70%.
So, here you’ll need to make a decision in the moment: if BTC starts to rise, then on a breakout to 350, it may be worth trying to enter with a short stop behind the trendline (the lower sloping line).
Open interest does not fall even during a strong correction, so I suppose it makes sense to try to build a position in this local accumulation in order to take the long exit.
I’ll enter part of the working volume from the lower "incline" if there is a reaction when price approaches it. Part of it I’ll add on a breakout at 0.0095.
And I’ll try to stand at least until the round 0.01. Then I’ll unload the main volume there, and keep the rest in case of a more global uptrend. The plan is roughly like this.
The coin is coming out of a strong accumulation; volumes and open interest are increasing. Therefore, I’m waiting for an entry point to continue the upward move.
This should be a local correction and accumulation on the lower timeframes. At the breakout from this consolidation (through its upper boundary), that’s when I’ll enter.
The price gave another attempt to the current trend and a sharp bounce from it, confirming that there is interest from a large buyer in this zone.
Therefore, I added another shoulder to the position and moved the stop higher above 112. If we break 120 and return to these levels on a retest, and there is a reaction to them, I will be adding.
If this pyramiding works out, it will result in a record trade this year right across three parameters: volume, risk-reward, and profit.
The main thing is that Bitcoin doesn’t break down and drag the whole market with it.
The coin has "broken away" from the market and started growing independently on rising volumes and open interest.
Right now, the price is consolidating near local highs, so you should monitor it and, when long activity increases in the order book, try entering with a short stop loss in continuation of the trend.