SignalsCrew | Crypto Group | News

🏁 #PEPE earned me +18% profit from the purchase I made on the breakout Moved stop loss in breakeven and holding.

Tornado Cash developer Alexey Pertsev found guilty of money laundering — link | tl;dr

#Bitcoin price rejected around 63k which is also the level of resistance. I'm still waiting for a big move honestly as we're getting bored af. https://www.tradingview.com/x/AW4jVxRO/

CFTC ssues order against crypto Prime brokerage firm for illegally providing U.S. customers access to digital asset derivatives trading platforms — cftc

📈 EARNED ON TODAY PUMP! Once the market started feeling better, we gave a LONG signal on #DOGE in the Premium Altcoin Channel. It started pumping and reached ALL targets and by now printed +120% profit! 🧐 Want to join Klondike Premium Channels? Write me @kankordio or visit our website https://klondikepro.com.

🐝 BTC UPDATE The chart this week is quite simple. There are two resistances: $63,300 (local) and $64,500 (main). There is an extreme sell pressure in the main resistance area, the price was rejected from there 7 times already. Talking about supports.. there are two of them: ascending trend line and $60,000. In fact, I tend to believe that $60k is just a psychological level that bulls don't want to lose. There is no real buy pressure there. The only support that matters is the ascending trend line that saved the price 4 times already. 🧐 How to trade it? The safest buy is on the confident $64,500 breakout. A riskier purchase is after $63,300 breakout. If we lose ascending trend line — say goodbye to Bitcoin above $60,000. If this happens, we will see $55,000 zone in no time. Bulls need to push the price today. Otherwise this week might be bloody. I adjusted the size of my LONG position on Bitcoin, closed 30% of it here in small profit.

Digital asset investment products saw inflows for the first time in five weeks totalling $130m. Regionally, the US saw the majority of inflows totalling $135m, with incumbent Grayscale seeing the lowest weekly outflows since January — link

Coinbase can't force the SEC to write new rules, appeals court rules — link | tl;dr

⁣​​📍 "Profit/Risk Ratio" - what is it and how to use it? Professional traders use the profit/risk ratio to estimate a possible profit in relation to a possible loss. In order to understand how much is the profit/risk ratio, the trader needs to determine both potential profit and potential loss. The potential risk is the difference between the entry point in the position and the stop order. The potential profit is the difference between the entry price and the target order. 🔎 If you buy Bitcoin at $6900, place a stop order at $6800 and take profit at $7200, the risk will be $100 ($6900 - $ 6800), and the profit will be $300 ($7200 - $6900). Comparing the risk with the possible profit, we get the ratio: risk/profit = $300/$100 = 3 If the ratio is bigger than 1.0, it means that the profit is bigger than the potential loss. Why is it useful? 📊 Let's use the statistics. The table below shows the dependence of the probability to lose the whole deposit on the accuracy of your trades and the profit/risk ratio in each trade. So, we can see that even if your strategy has only 60% accuracy, but at the same time, the profit/risk ratio is at least 1.5:1, you can already be sure that you will not lose all your money. But if the ratio is 1:1, with the same 60% accuracy, the probability of losing the deposit with a series of unprofitable trades is already 12%

#Bitcoin in descending channel pattern and two scenarios of it.