As we should know by now, in trading we identify a Pattern and Trade the Probabilities whilst protecting ourselves with STOP LOSSES. Well, our good friend Stop Loss kept our capital safe.
With Bitcoin Short stopped out we took a negligible -1R loss. Bearing we had a Bitcoin Cash WINNER of +3.14R win.
NET PROFIT IS is +2.14R, that's how we trade, our CAPITAL CONTINUES TO GROW.
Our Current Open Long positions eg Monero, Ethereum Litecoin etc... are also starting to move positive territory.
Bitcoin has worked its way to the corner of the Window with $6,400 which coincides with the end of our Wave 5 count. The Momentum (lower charts ) are also confirming this. I see this as a "Blow Off Top", typical in final stages of a Bull run.
My view, therefore, remains UNCHANGED that we are EXHAUSTED on the upside and I am looking for another opportunity to Short. At levels like this, using the TA I am showing you in this chart, I am comfortable shorting at these prices and may post a new short trade.
Whilst the 2/3 childish newbie haters (0 Analysis 0 Posts) come out at times like these IGNORE THEM, they don't understand the Trading101 basics of Winners and Losers and destined to be losers. Our account is growing and UP +2.14R, we are winners.
We remain CALM and OBJECTIVE and now looking to recover the -1R and turn that into a +Multiple Reward Win on another Short position.
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
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The HIGHER IT GOES the HIGHER OUR PROBABILITY gets of us having a WINNER.
@oetcap, @Flinsword 0 posts 0 analysis how sad you both know nothing. If you cant' even spell how do you expect to add and subtract. Always will be COMPLETE NEWIES
Flinsword
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@SEAN_VENGAN, u got rekt3d, should of listened to us newbies :/
NacerSid
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btc playing last cards, dumping alts with fake fork, will not double the volume needed for the next cycle.... BCH FUD gave it little gas let's see where this heavy rocket is going.to land
dshrader
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Yeah bro your picks are top notch :/
UnknownUnicorn1063189
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@dshrader, Ah a cocky complete newbie who knows nothing (0 analysis 0 post) thanks we all know your alias now and can ignore you on this Forum.
dshrader
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@SEAN_VENGAN, I do plenty of TA, I just don't share it with the world. Also nice pick here as well. BTC is running up to 7k, so you can keep shorting and getting REKT all you want. I'm going to long my BTC. Thanks.
dshrader
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@SEAN_VENGAN, LOL at this newbie making better picks than you at every turn. All your bitcoin shorts are bad calls, just go back through your history and look. The one I posted here is the most egregious.
Good luck sir, stop losses were created for people just like you. :)
dshrader
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@SEAN_VENGAN, now history has shown which of the two of us was right (hint, it went up to 7k and beyond just like I predicted, and your short got rekt). Second, you're saying I'm a troll, etc. but I just pointed out that you were wrong, and that you were consistently wrong on these BTC short picks. You're the one who calls people insulting names, etc. Also, enjoy your ban from tradingview! :D