'DAILY' HEIKIN-ASHI REPORT - Using Bitcoin To Trade Financial Markets

in #money9 years ago (edited)


8-22-16
DAILY-CHART

Not the formation I was looking to see but I still believe we are heading up for a short period before we start to head down further which might be around the time when the Euro Session opens. As I was posting Pt.1 of my analysis lastnight, I was up pretty good! I could have easily took some profit with the intensions of getting back in on a nice pullback, but was tired and I really did not want to touch the trade. My intensions were to hold until I seen the 4hr showing signs of weakness. Well, I saw the 4hr chart showing signs of weakness yet, I thought it was best to hold as my STOP-Loss was in a good place. Now I am upset I didn't take profit to re-enter later. I woke up with price around 100.6 and thought it was going to the moon(up) and so, added another position looking for a nice scalp BUT, market started heading down with strength and so lost a little on that one but can easily be made up, no problem. I even got out on my initial position which I clearly did not want to do, but got out on small profit before deciding to breakeven. I got back in around the same price and just took some more profit but am thinking if I should re-enter or just wait. Below are images of the 4hr.chart and is one of the reasons to why I believe we are heading back up for a short ride...
4hr.Chart

If you take a look@my first post, you can clearly see how quickly the markets can shift :)
4hr.

Here we can see price making Higher lows thus, indicating an upward movement. Lastnight, there were no red candles:( Sometimes the markets can be tricky so, you have to stay on your toes and be patient because not every trade will head in your direction the way you want it to. Usually on the 'DAILY' chart, we should see@least two green candles before reversing, which gives me yet another clue. We shall see, stay with me for the outcome of this formation.

USING BITCOIN TO TRADE THE FINANCIAL MARKETS:
Ok! some people know and some don't so, if you don't know by now, there are bitcoin companies out there who are strictly bitcoin denominated meaning, they deal strickly In bitcoin. @first I found it hard to trade using bitcoin as I wasn't familiar with the numbers. I would advise to get the "Zero-Block" app on your phone to be able to see the conversion between BTC/USD prices. A few companies I know of are, "1Broker" which is the broker I choose to use, "$imple Forex"(which I will use soon as well) and "Whales Club". I like to use these sites as they offer more leveraging power oppose to say FXCM or whatever central Broker out there. And now that we have STEEM this is fun as all I have to do, is profit and send bitcoin right from my trading account on over to exchange it for some STEEM/STEEM-POWER.Just shedding some light...
To be continued....

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