Bitcoin Price Prediction and cryptocurrency news that will drive the price of Bitcoin

I would like to alert my Blog readers about the advancement in price of bitcoin. Bitcoin is always in news & U.S is planning to launch bitcoin futures in the coming months or even weeks. I've planned to add Bitcoin to my portfolio and would adviced every to keep investing bit of money in bitcoin for better returns in future.

I know it is very moving Cryptocurrency but it gives highest returns in the market & it is just a start & I would surely it will give 3 to 4 times return in next six months.

Bitcoin Price Prediction to the expected level of $20k in next six months

Based on weekly and daily price Action supply demand zones, I would like to see a bottom near 7340 area & from there we can see upward pressure.

I've post in my blog around $3300 level that price is about to rise to $12k next quarter & price made a high close to $13200 & From there the ongoing correction is very timid and soon will be reversed & I would recommend buying bitcoin around 7350 levels & then we can stay in the trade with stops around 7319 area.

Price Action patterns in Forex is the only thing you need to practice

Hi, Readers

I would like to draw you attention towards the reality that works in Trading. Watching the patterns below tell us the reason why I'm always in favor of trading naked charts and know how to approach my Trading in the years to come.

Well, trading is more of an art than science. You don't need to learn anything or even you learn several patterns you does need to bring in the logic as price action behavior is fractal and repitative patterns are never seen nor works in trading.

Then what Works in Forex Trading or what are the strategies that works in Forex Trading

Psychologically, you need to be ahead of the market. Sideways market trends usually consume orders both ways. Patterns start with engulf and retests. Random fakeouts, engulfs and S/R flips need to practiced before you spot them in real market.

How to start forex trading as a beginner complete course and analysis

Hi Readers,

In order to be a successful Forex Trading , you must first learn how to start Trading Forex as a beginner, as well as the basic of Forex Trading. You also need to understand what is Forex trading & why it is so profitable of all the stock & future markets around the world.

You also need to understand you strengths in trading & which tools works best in different trading environments

Forex Trading For Beginners

Forex trading is very interesting and moving activity & it can be toughest but easiest way to make money If you know when to trade and which trading environment one should avoid. As a newbie, one should never underestimate the importance of financial education. Newbies do often have very unrealistic expectations for Forex trading market and that is the only reason why they struggle to control their emotions, that is why they struggle to understand and fail to perform consistently .

What is Forex Market

Forex exchange market, also know as FX market, is an over the counter market where world's money and currencies are exchange. Hedge funds, banks, institutional investors, multinationals are the main Liquidity provider in the Forex Market.

Forex traders usually choose different trading styles to trade in forex market. It depends on type of market environment, their trading account, risk management and style they are comfortable with.

Various Trading styles that traders adopt

* Day Trading
* Scalping
* Swing Trading

Lets' discuss in brief the type of trading style

Day trading and scalping are two of the most used and aggressive trading styles. In day trading traders can opt to stay in a trade for a session or two or even few more hours till the day close, if the momentum is carried on from one session to other. On the other side, scalping can be used for few seconds to minutes. Scalping is also the best method if you are looking to scalp for few when there is high impact news is about to hit the market. As day trading and scalping are very short term trading styles, Swing Trading is longer term, where positions can be held for few days to few weeks.

While you use any of the trading style, You use two type of orders i.e Market order & Limit orders . As the word say 'market order', these orders are executed immediately as the execution is instantly and take profit and stop loss are used as enter and exit strategy.

Limit orders are used as day trading or swing trading, brokers allow traders to enter the market at pre-determined ("buy limit " or "sell limit") and these orders are used to traders breakout on upside or downside or even can be used to match your trading style and time frame you use.

As Forex trading is often offered with leverage, potential profits are magnified, along with potential losses. For this reason, it’s important to use stop-loss orders to limit your losses if the market goes against you. One of the best ways to mitigate your risk is to trade with the trend.

How to define trend in Forex

Next important part of trading currencies and Commodities in Forex Market is to define the trend. Trend is usually defined when price prints high and lows. Highs and lows followed by rejection of support and resistance and printing new high & low defines the trend. Usually we have primary trend which is defined on higher time frames like weekly & Monthly & usually trend trading with lower risk can be defined on smaller time frame.

Trend trading from weekly or monthly to h4 & smaller time frame

Chart speaks louder than words. Usually we see rallies followed by attempts to reach the broken levels. It produce high probability trades on smaller time frames like Daily & h4 ..

Forex Trend Trading, fibos & retracement Levels

It is very important for forex beginners to look for setups that offers high reward and are high probability setup. Usually, you need to tick mark few areas before taking a setup.

Take a look at the above Gbp/jpy Chart

We have double bottom & then price have rotation just above the double bottom.

Made new highs consistently

Now price is correcting between 50.0 & 61.8% Fibonacci level.

I would recommend a buy at the level with stops just below the last rotation area which is 130.10

I have pointed out double bottom, strong trend followed by rejection levels and fibonacci with confluence & that is the exact way to approach chart pattern. Although as a supply demand trader we look for zones but in order to make money consistently in forex market you should be able to develop new techniques to take entries that are offering high reward. Usually we have strong DBR (drop base rally on weekly chart which is not mentioned in the chart )

I'll update the chart in couple of days to see how this trade play out

Trend Trading Dilemma for Forex beginner Traders

Its really a trading dilemma for every trader on how to start or approach forex Trading and where to start, which strategy to pick & how much money you need to kick start your trading career. For me, you always need to as simple as you can. Pick a strategy and keep working on it for atleast six months to a year. You'll get all the answer on where to exit & when and when to enter. You trading report will give you all the answers but it does requires lot of patience & hard work . I always recommend swing trading or day trading which keeps you in the trade for 1 to two days is the best way to approach.

Scalping requires lot of mind work and experience as there is lot of noise on shorter time frames and very difficult to define trend in scalping and even for few pips, you requires too much of accuracy to make profit in scalping.

Defining beginner forex Strategy requires logic & practice

There is no point in putting lot of indicators on the chart and look to predict price based on figures based on indicators. One thing you must keep in mind, Indicator follow price. Price is fractal and repeat over a period of time. Try and predict price with Candlestick charts , support resistance strategy conincide with Support resistance, mark zones & also trend defining is very important.

I usually pick weekly and monthly time frame to define trend with RSI, If RSI is above 50 on monthly or even weekly, then I would pick pairs that are trending nicely on h4 and daily and are in good momentum. Then, I always look for confluence, fibos & zones to take my profit & set my stops. Keep things simple and profit follow. I would keep updating the blog with the examples based on description.

Plan to trade non farm payrolls. How to protect your account while trading high impact news like NFP

I would like to share my experience on how I approach non farm payroll & what are the reason behind the high volatility during the news release like Non farm payroll .

As we all now non-farm payroll is the highest impact release on the first Friday of every month. This news tells about the recent grown in U.S employment during the past month & has been the reason why Usd pairs behave strongly if there is strong deviation up or down.

U.S banks and federation policies behave accordingly the release of their employment data and that is the reason why unemployment rate falls from the highs of 8.9& to the lows of 3.6% in the release in May 2019. Since then there is bit of up and down movement notified and not much to speak about.

Unemployment rate in itself signifies and economy deteriorating or expanding as standard of living of people improves if there are less jobless people and that is why Non farm payroll tells us about the recent employment activity and participation rate of people employed in the world's strong economy .

I use to play too much with the data when I first came to know about the impact and have been caught other side of the trade so many times & don't know the reason why I've missing an edge while trading such release. Later, I stop watching any news and start looking at the chart levels of Eur/usd & usd/jpy and their correlation for the past number of days & then take a look at levels for taking a trade & If chart has nothing to do with release I usually avoid trading on such news release as I usually do.

Non Farm payroll and Eur/usd trade

I would closely watch the euro around 1.1045 area, & would like to see the impact and price action when price approach that area. I am surely looking to short euro after the release, no matter what the news tells us & also the reason bear domination on the pair in the past few weeks .

All the rally in euro dollar has been faded and price usually test the news lows even after rallying strongly and that has happened 10 out of 10 times in the past n number of rallies. So, speaking itself about the pair my target for the pair would be 1.0925 and stops around 1.1070 and entry would be around 1.1045. Still I would look at smaller time frames and set of orders after release and usually I am not expecting too much out of the news because even a strong pick up in unemployemnt rate would be temporarily and price will be settled around today's lows .

So, stay tuned for the chart and entry levels half and hour prior to release and don't expect too much rallies up or down before the release tomorrow

Trade Performance for the past month & Update on U.S market delisting Chinese Share & how much it would impact global markets

Hi, Readers ! I would like to update you guys about whats happening around the world, whether it is U.S Chinese Trader war, Brexit or U.S banks decision's impact on global market.

I would like to keep this short & Sweet for a while as I'm running out of time but the move that U.S exchange took on Friday by delisting Chinese shares would really impact highly on upcoming trade war decisons.

But before throwing more light on U.S-China trade war, I would like to show you how we perfom in september. Its last couple of days & I've not decided to step into the market till the new month stars.

This week has lot to offer. Update by Saudis on how much damage was made by strikes on Oil production station on Monday & also the most important Non-farm payroll coming Friday

Price Action Analysis on October 1st 2019

Scalp opportunity on offer on usdjpy

I've spotted an opportunity on usd/jpy, which is a very low risk reward opportunity. Currently price is approaching 108.30 area, which is the defining the current trend in usdjpy & good line of defence for bears & when bulls approach attack this area, bears start to dominate again. I would put my stops just above the next base 108.35 around 108.49 to be exact and my take profit target would be around 107.60 area.

Take a look at the chart

Stop hunting process was repeated and rentry was forced on 108.22

Let's explain the whole process in the easiest way one could. We set up a pole that berakout and make a new high & since the low was confluence of the move and lower low of the range . We saw rejection just below the level and price made a base before retesting it with compression.

Compression is a set of orders which are filled or left unfilled during a move. When it reach the source of the move it usually have maintain a imbalance and price dropped sharply amid supply and demand imbalance.

I've market few important points on the chart below which you should take in notice while taking such trades.

1.

Pole makes a breakout and new higher high

2.

Price breaks the range with a small base and decision point is strong enough & carry momentum to make a new lower low

3.

Whenever we see a drop and a base within a single bullish candle and range bound bearish candle & then drop and retest of the level, tighten your screws and put the stop above the high and let the trade unless we have high impact news is due to release or we see a engulf of flag opposite side of the Price Action