November 15 Update 8PM. Short has been entered from $3.50. We're currently at $3.25.
November 15 Update 10 PM. Short opportunity is over for case 1:
We hit exactly my target from $3.54 to $3.11 with precision.
Congratulations to everyone who took it.
OPPORTUNITY IS OVER--------------------------
Here is the video too:
There are two upcoming setups. I want to be extremely clear about it must hitting these critical resistance points and unable to break them. Then the trades are valid. We will see within a few hours or a day.
Trade 1:
RISK TO REWARD 1.27 :1
ENTRY PRICE $3.52
TARGET 1 = $3.11
STOP LOSS = $3.85
PROBABILITY = 60%
CHAIN TO GAIN = 12%
CHANCE TO LOSE = 9%
TIME FRAME 3-4 DAYS
FLIP A COIN OVER TEN GAMES
OUT GAMES WITH RR 1.27:1
WON 50%, LOSS 50%
EACH WIN = $127
EACH LOSS = $100
5 WINS @ $127 = $635
5 LOSSES @ $500 = $500
PROFIT = $635 - $500
TOTAL PROFIT = $135
Case 2:
RISK TO REWARD 3.78:1
ENTRY PRICE $3.71
TARGET 1 = $3.18
STOP LOSS = $3.85
PROBABILITY = 70%
CHAIN TO GAIN = 14%
CHANCE TO LOSE = 3.35%
TIME FRAME 3-4 DAYS
FLIP A COIN OVER TEN GAMES
OUT GAMES WITH RR 3.78:1
WON 40%, LOSS 60%
EACH WIN = $378
EACH LOSS = $100
4 WINS @ $222 = $1,512
6 LOSSES @ $100 = $600
PROFIT = = $1,512 - $600
TOTAL PROFIT = $912
Please always remember we trade using probability and not all trades are winners. We manage our risk with stop losses and try to win over time. Those that don't understand this, and expect only to having winning trades, will always lose money over time.
Twitter - https://twitter.com/PhilakoneCrypto
https://www.youtube.com/user/philakone1
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The ultimate goal is to help the crypto community because I think there's a lack of these type of videos. I want to share everything I've learned because knowledge is only power if passed on. These are educational videos intended to teach how to think through thought-out rationalization.
I'm not a financial adviser, nor am I giving you any tips on when to buy, sell, etc. I'm simply stating my opinions and what I personally look for.
November 15 Update 8PM. Short has been entered from $3.50. We're currently at $3.25.
brah, iv got wave 3 in progress on the ETP/BTC chart which would obvsly have an impact on your USD short in progress https://uk.tradingview.com/x/rZz09x6X/ (sammyh6400 on twitter)
Not sure what you're talking about. Short 100% successful from $3.54 to exactly $3.11 as suggested.
