Category: The Crypto Den

TradeRoom: Our Weekly Crypto Trades Analysis – Dec 27, 2021

Post author By David Haslop
Post date December 28, 2021

Welcome to this weekly series from the TradeRoom. My name is Dave and I’m the founder of The Crypto Den, an Australian-based crypto trading and education community aiming to give you the knowledge to take your trading game to the next level.

Crypto Market Outlook

Merry Christmas everyone! I hope you all took some time away from the charts and crypto to spend it with loved ones!

In last week’s article I mentioned that the TOTAL crypto cap needed to hold on that daily 200 EMA, which it did and then continued to break out from its new downtrend. It’s currently finding resistance at US$2.4 trillion.

The TOTAL2 (ALTcoin market) has broken its US$1.4 trillion resistance, while the BTC.D (% of BTC dominance over the market) has dropped again significantly, underlining the fact that the capital flow has been in ALTS.

Something to note at this point is that BTC.D is now at a support level and could see a reversal, meaning capital flow will leave ALTS and go back into BTC.

What plays well with this possibility is that BTC seems to have broken out of the current local downtrend and performed a support/resistance flip on the 4H chart, and is currently being snagged on that daily 200EMA. Breaking through this level around US$51,800 will help confirm a bullish bias for me. The last thing we’d need to see is a clear and strong breach of the 618 retrace (Fibonacci level) of the US$52,000 – US$53,000 zone WITH VOLUME. Failing that, I see another test of US$45,000.

Last Week’s Performance

BTC/USDT

Following my short trade on BTC I wrote about last week, I’m now in a BTC long trade and currently sitting at around 100%. I waited for the breakout of the falling wedge and a retest of support before entering. Not a massive trade just yet, but waiting for confirmation is always the safest trade to take.

SHIB/USDT

It almost hurts me to even write this but traders see opportunity in anything – even overhyped, high supply coins. SHIB, for example, broke out of a falling wedge that started at the beginning of November. With the hype around this coin lining up with the technicals, it was a no-brainer entry. Although I didn’t enter on the initial pump, I waited for the safest entry. Price action broke out and then tested new support, which is where I entered my longs. This thing has crazy volatility, so it’s likely a riskier trade than most.

NEO/USDT

I took the NEO long that I also mentioned in last week’s article. I got the hammer and bullish engulfing I was hoping to see and entered on the breakout. It’s currently up 120% and I’m looking for that to double if BTC sees some bullish PA (price action).

SOL/USDT

One of my favourites to trade is SOL. Finding a bounce off trend forming ascending triangle (3 touch rule), I decided to enter. I added to my position after the triangle break and retest (we teach how to trade these patterns in our Trading Fundamentals course). Trade is still active, currently up 179%.

This Week’s Trades

FIL/USDT

I’m currently watching FIL because it hasn’t yet reacted to the market the way many other ALTs have. I’m seeing a really large bullish divergence and a downtrend break. What I’m waiting to see is a break and test of US$38.00, or a retest on trend for an entry.

MANA/USDT

I’m actually already in a MANA trade and wanted to add this to the list due to its crazy potential. If this US$4.00 resistance breaks, I see potential here for MANA to do 50% or more.

Invite to Join our TradeRoom

If you’d like to become a better trader, you’re invited to join our TradeRoom where we share daily charts and market analysis. In our community we strongly encourage and teach correct risk management strategies to keep our members safe in this new volatile crypto market.
Join our “Apprentice” plan now for your 7-day trial.

The Crypto Den was created in 2017 to help the rapidly growing crypto community learn and understand the fundamentals of digital currencies and how to trade them.

Since then we have taught thousands of members the basics of technical analysis and trading strategies to further progress and perfect their trading abilities.

In the TradeRoom you will be included in a supportive environment which encourages personal growth, education and community support.

It’s a place to share your trading ideas and follow other experienced traders’ feeds to help keep your finger on the pulse of such a volatile market!

Tags btc, FIL, MANA, NEO, SHIB, SOL

Market Analysis The Crypto Den

TradeRoom: Our Weekly Crypto Trades Analysis – Dec 20, 2021

Post author By David Haslop
Post date December 20, 2021

Crypto Market Outlook

I expected to see some bullish signs showing for the TOTAL market cap by now and the fact we haven’t yet could be a bearish indicator. It’s currently sitting at US$2.19 trillion and really showing no sign of strength yet. We could see the market drop further to around US$1.8 trillion soon, especially if we don’t hold above that 200 EMA.

Let’s take a look at BTC, which has been trending down with a series of lower highs and lower lows since December 8 and just like the total cap, I’m really not seeing any sign of reversal just yet. Last week I outlined a possible target of US$40,000 and I think we could see that still in play. I still don’t think it’s full bear mode yet but something to keep in mind is that it’s Christmas time. Investors and traders alike will take time off, meaning there will be less liquidity in the markets. This means it could pump OR dump a lot easier. We expect volatility.

Last Week’s Performance

BTC/USD

I shared this chart in our TradeRoom earlier this week and on our LIVE market scan while searching for a good short entry. This is why we feel it’s important to follow the charts instead of just getting excited on hopium and FOMOing into the market again.

ETH/USD

ETH had a nice little short that I wrote about in last week’s article. It played out almost perfectly with a 240% leveraged trade. Like BTC, ETH retraced to that 61.8% Fibonacci pocket, which also coincided with the local downtrend. We thought this was a great shorting opportunity and it didn’t disappoint us.

This Week’s Trades

ADA/USDT

ADA is still on the same path I wrote about in our November 29 article. I still believe there’s a high probability that ADA will hit US$1, and as I said in the previous article if that US$1 level doesn’t hold, then ADA may see dramatic losses happen. Great for shorters, not great for holders. There’s some small support at US$0.82, although after that ADA will see US$0.30 so it’s important for US$1 to hold strong. I’m expecting to see a lot of buyers there, so plan to scale into longs pending candlestick analysis.

NEO/USDT

An old 2017 fan favourite, NEO is currently forming some daily bullish divergence at a key level of daily support. What I’m looking for here is a bullish engulfing candle to show me some strength. If we see that, NEO could do 40% on spot to take it back to US$35.00. If support fails to hold, then I’ll look to short to US$13.00, which is a 45% drop. Either direction it takes, we’re still looking to trade it.

Invite to Join our TradeRoom

The Crypto Den was created in 2017 to help the rapidly growing crypto community learn and understand the fundamentals of digital currencies and how to trade them.

Since then we have taught thousands of members the basics of technical analysis and trading strategies to further progress and perfect their trading abilities.

Crypto News Market Analysis The Crypto Den

TradeRoom: Our Weekly Crypto Trades Analysis – Dec 13, 2021

Post author By David Haslop
Post date December 13, 2021

Crypto Market Outlook

Well, compared to last week it’s been a pretty non-eventful seven days, which makes it very difficult for those traders/investors who cannot control their psychology and remain patient. In our TradeRoom we’ve seen some successful short trades over the past week or so and haven’t started entering into longs just yet.

Do I think the market is about to go up? Well, maybe for a short while, as a bit of a trap. The TOTAL chart is still showing lower highs (LH) and lower lows (LL) and until that market structure changes, nothing else changes. We’re still below resistance and a daily uptrend. A positive to note is the bounce off the 200EMA, but I won’t put a lot of weight behind that at this stage.

BTC needs a change in market structure as well before I scale into long trades. At this stage, the daily has closed below the 200EMA and major resistance. We could see a slight push up before a continuation down to test that weekly uptrend (white line) again. BTC needed a healthy retracement, so while we trade up and down in the futures market I’m still holding spot positions strong. I see no real reason to start panic selling.

If this market structure changes then we blast off, however a weekly close below US$40,000 would be very bearish. It’s important to have a trade plan in place for both scenarios.

I’m thinking another stop on US$43,000 could be good.

Last Week’s Performance

As I mentioned above, we’ve seen some good short trades coming out of the TradeRoom this last week. Below are some examples of those trades:

OMG/USDT

A cheeky little 160% trade so far on OMG – this one was talked about in one of our LIVE market scans that we hold twice a week via Zoom. If we do see BTC take another downside turn, ALTS will almost certainly follow and this OMG short trade showed a lot of potential.

LRC/USDT

In the past two weeks, LTC has been great for short selling. I’ve had three separate entries into this short on 10x leverage producing 220%, 400% and 160% trades. Currently still an active trade, until we get that change in BTC market structure mentioned above.

This Week’s Trades

BTC/USD

I’ll be keeping my current short in BTC open for now as I think we could see that weekly trend retested before the moon launch. Something like the below to play out would be nice for this short trade. This would see an almost 20% drop in price action and test key support.

ETH/USDT

Like BTC, ETH is still in a LH/LL market structure and it would be good to see another test of the US$3,500 area. I’m still in an active short trade on ETH also, and will let this ride unless that structure changes.

I should note that these short trading positions are temporary for now. I still see a huge bullish push coming for BTC and I’m simply taking short to mid-term opportunities in trading while I can.

IMPORTANT NOTES ON SHORTING:

These trades taken this week have been short trades using leverage. The reason for this is simply because the market has been trending DOWN and this is how we profit from a bearish market. This cannot be done in a SPOT trading market, where your only option would be to sell and wait for a new buy level.

Shorting a market should only be done by experienced traders and should NOT be taken by beginners. While the profits I’ve mentioned above seem very attractive, it takes time to learn and practise this craft before being profitable.

This is also considered “counter trend trading”, and again should only be performed by experienced traders!

Invite to Join our TradeRoom

If you’d like to become a better trader, you’re invited to join our TradeRoom where we share daily charts and market analysis. In our community we strongly encourage and teach correct risk management strategies to keep our members safe in this new, volatile crypto market.
Join our “Apprentice” plan now for your 7-day trial.

The Crypto Den was created in 2017 to help the rapidly growing crypto community learn and understand the fundamentals of digital currencies and how to trade them.

Since then we have taught thousands of members the basics of technical analysis and trading strategies to further progress and perfect their trading abilities.

Market Analysis The Crypto Den

TradeRoom: Our Weekly Crypto Trades Analysis – Dec 6, 2021

Post author By David Haslop
Post date December 6, 2021

Crypto Market Outlook

Wow! What a week! Well, we alluded to a decent drop in TOTAL crypto cap over the past couple of weeks, but even this Trader wasn’t expecting an ADDITIONAL US$440 billion to get wiped out of the market. We’ve since clawed back US$365 billion of that, showing some strong bullish buyback, bringing the current TOTAL market cap back to US$2.26 trillion.

Remember it was only a couple of months ago we were all excited that the TOTAL hit its ATH again of just under US$2.5 trillion, so it’s not all bad!

I had a target last week of US$51,500 for BTC. I was in an open short trade and BTC decided to blow right through that target and hit US$40,000. A US$13,000 daily candle! Now for me personally this was a good thing due to my open short trade, and I closed 50% of that trade at approximately US$45,000 and will let it play out from here.

Not so good for holders at the moment. If BTC fails to rally back above that daily 200 EMA (exponential moving average – blue line), then there could be a decent chance we see further downside. That said, I’m not feeling overly concerned just yet. I’m expecting a bullish push soon, although hedging my bets a little by keeping the remainder of my short trade open until the dust settles. ALWAYS wait for the dust to settle and a clear confirmation before entering a NEW position.

Ultimately I think we could see some more bearish action before a big bull run appears.

Last Week’s Performance

Well, last week we saw a lot of long positions get stopped out, some in profit, some not. This is why we teach you to use stop losses to mitigate risk! When BTC decides to nuke, the rest of the market follows.

For those of you in our TradeRoom it makes little difference if the market is going up or down because we can trade it both ways. So while some longs were getting stopped, we were scaling into shorts! Here are a couple of short trades from the week past.

LRC/USDT

You can see in the chart below where I’ve entered short twice on LRC and the reasons why are as basic as it gets. Support and Resistance. LRC was approaching ATH again while the rest of the market started to bleed. I waited for that first Lower High (LH) and entered short. Then I waited for the second LH and added to that position after confirming downtrending market structure. I closed 50% of the trade at US$2.17 and let the rest ride – currently at a 430% win on a 10x trade.

BTC/USD

In a chart I shared in the TradeRoom last week, I outlined that BTC had three attempts at breaking through resistance and failed. Once again waiting for a LH to confirm, I entered short. I closed 50% of that position at approx. US$45,000 and will hedge my bets by letting the rest ride.

Our current position is 316% profit on a 20x trade.

*Current BTC chart showing my trade entry*

STORJ/USDT

STORJ was approaching a resistance level at its previous ATH price point. After it rejected, I again waited for that LH to form and entered short at US$2.92 and closed 100% of the trade at US$1.47 for a 490% ROI on 10x trade. You can see how this trade played out below:

IMPORTANT NOTES ON SHORTING:

These trades taken this week have been short trades using leverage. The reason for this is simply because the market had been trending DOWN and this is how we profit from a bearish market. This cannot be done in a SPOT trading market, where your only option would be to sell and wait for a new buy level.

If you would like to learn how to do this, TODAY IS THE LAST DAY you can register for our current trading course. Our next LIVE course will be in February 2022.

This Week’s Trades

ADA/USDT

As I mentioned in last week’s article, I’m watching ADA pretty closely to come down and hit that US$1 level. Not only will I likely take longs here but will also buy in spot. This will ultimately depend highly on candlestick analysis in that area AND on what BTC is doing at the time. However, I still think this could present a good opportunity at this psychological level. If ADA breaks this level of support, then US$0.30 is on the table so it will be really important for US$1 to hold.

BTM/USDT

Another I’m watching pretty closely is BTM. Not a lot of price history for this one, but there could be opportunity here. This will depend heavily on BTC behaving as there are no more levels of support below the current price zone, meaning another drop will be forming all-time lows (ATL). From here there’s no data to base anything on so we use tools like market oscillators and Fibonacci to find key levels.

Invite to Join our TradeRoom

The Crypto Den was created in 2017 to help the rapidly growing crypto community learn and understand the fundamentals of digital currencies and how to trade them.

Since then we have taught thousands of members the basics of technical analysis and trading strategies to further progress and perfect their trading abilities.

Tags btc, LRC, storj

Market Analysis The Crypto Den

TradeRoom: Our Weekly Crypto Trades Analysis – Nov 29, 2021

Post author By David Haslop
Post date November 29, 2021

Crypto Market Outlook

Last week I touched on the US$600 billion drop in TOTAL crypto market cap. I warned that we could see some more selling pressure but there was no reason to stress or start panic selling. You can see below that the TOTAL crypto cap has indeed pulled back further to retest its current uptrend. So far it’s showing a bullish test with a long wick to the downside and a strong bullish engulfing candle on the daily timeframe.

With the projection of the TOTAL heading down in value, I suggested BTC would follow this formation and see further bearish price action. My target being US$51,000, we haven’t hit that price YET. So far BTC is showing some signs of strength and the bottom of this local downtrend MIGHT be in, so it would serve you well to expect a bounce here and plan your trades accordingly.

That said, we’re not out of the woods yet. While BTC is trending below that local downtrend line and forming lower lows/lower highs (bearish market structure), we could see it hit that suggested area of support at US$51,500.

What’s interesting about the US$51,500 level is the perfect storm forming. There are so many key identifiers converging in that one area. We have:

the 61.8% Fibonacci retrace level;
daily 200 Exponential Moving Average(EMA);
daily level of support;
daily uptrend;
daily Higher Low (excellent market structure);
all of which plays well into the Elliott Wave Theory of market cycles.

It’s almost the perfect trade setup and something we discussed in last Thursday’s market scan in the TradeRoom. You can catch a sneak peek on our YouTube channel.

Last Week’s Performance

SAND/USDT

Last week in the TradeRoom, we were watching a lot of these Metaverse coins and SAND did not disappoint. I showed a bullflag forming on the 4H chart and was personally hoping to see a test of previous support and uptrend, but SAND didn’t want to wait. Breakout from the bullflag boasted a 120% push to the upside!

LRC/USDT

Like SAND, LRC didn’t want to wait for another test on support. Breaking out of a falling wedge identified by one of our team leaders, Pete, last week LRC sported a 60% bullish push and currently seems to be forming a new bullish market structure.

GALA/USDT

Trade of the week has to go to TCD team leader Pete for his massive GALA trade! With 10x leverage (considered a safe leverage for experienced traders), Pete’s profit is currently over 2000% while a spot trade would give a massive 262% from entry. Pete is a pattern trader and often enters trades based off certain chart patterns. In this case, he has seen a symmetrical triangle bullish continuation pattern.

This Week’s Trades

ADA/USDT

ADA has been trending down since the start of September and is really starting to come into some key levels here. This trade might play out this week or even over the next two weeks, but it’s certainly worth mentioning.

You can see in the chart below that ADA has currently found some bullish price action at the US$1.45 level of support. We could see a decent 30% push here, which would be great, and MAYBE even a breakout of the downtrend. However, I’m looking a little further ahead. If ADA rejected off the downtrend and pushed further below, the next, and likely last, level of support before revisiting US$0.30 is at the US$1 level.

This is a major level of both tested and psychological zone of support, and I’d expect to see some big money flow happen around here because failing to rally at US$1 would absolutely nuke ADA’s price action.

THETA/USDT

Another coin to keep an eye on is THETA. This is such a good coin to trade and will require a bit of patience to find the right entry.

After a period of consolidation, I’m looking to enter LONG/BUY at the RETEST of a breakout. This will of course highly depend on what BTC does this week, and it may stay in a consolidation zone a little longer. Nevertheless, it’s one to add to your watchlist.

OMG/USDT

OMG could be coming into a key area of daily support, and is likely a rally point if BTC can behave a little. If OMG can push from US$7 and reclaim its previous high of US$17, we’ll see 150% growth. Another one to add to the watchlist.

OMG/USDT

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The Crypto Den was created in 2017 to help the rapidly growing crypto community learn and understand the fundamentals of digital currencies and how to trade them.

Since then we have taught thousands of members the basics of technical analysis and trading strategies to further progress and perfect their trading abilities.

Tags ADA, btc, GALA, LRC, OMG, SAND

Market Analysis The Crypto Den

TradeRoom: Our Weekly Crypto Trades Analysis – Nov 22, 2021

Post author By David Haslop
Post date November 22, 2021

Crypto Market Outlook

The crypto markets took a pretty decent hit after a US$500 billion sell-off in the past week. If you’re one of those people I’m seeing across all socials freaking out about this, DON’T STRESS!
You can see in the TOTAL chart below that the entire crypto cap took a US$600 billion hit back in September and recovered quite well. At this point I’m expecting the same to happen again.

Looking at Bitcoin, we are seeing a bit of Elliott Wave Theory in play here. For those who don’t know what that is, it’s essentially investor psychology and sentiment presented as recurring patterns in the market – a 5 wave pattern, 3 waves up (impulse waves) and 2 waves down (corrective waves).

BTC is currently in the middle of wave 4 having a small bounce on the 50% Fibonacci level. We are expecting to to see further downside to a level of confluence between the current uptrend, 61.8% Fibonacci level and daily support level at US$51,500. All of which supports the Elliott Wave Theory.

Keep in mind wave 4 is a corrective wave. So this doesn’t mean doom and gloom. It would indicate BTC is simply having a healthy correction before the next leg up. I stand by our initial targets of US$78,000 as target 1 and US$87,000 as target 2.

Last Week’s Performance

MANA/USDT

MANA has again made the list this week for top performers. In the TradeRoom, these metaverse tokens have been going crazy despite BTC itself seeing bearish action. In last week’s article I mentioned MANA would likely see a pullback into that 61.8% Fib level, which it did before a continuation up. It performed perfectly with a price increase of 50%.

ENJ/USDT

Another metaverse coin that performed well last week was Enjin: a nice clean pullback to a solid support level and the 50 Fib, and away she went with a nice 43% rise.

This Week’s Trades

AXS/USDT

Sticking with the metaverse theme this week, we can’t go past AXS. Hoping to see a pullback to a good buy zone at the US$115 mark, where I’ll be looking for entries. If AXS continues to perform well with the BTC drops, who knows how high this beast can go?

SAND/USDT

Again with the MV coins I know but hey, profit is profit. SAND is currently looking to be forming a bit of a bull pennant, however I’m personally hoping to see a bigger pullback into a healthier buy zone at around the US$3.48 area. Why? Well, it’s a good test on what will be a new level of support, test on current uptrend and the 50% Fib retrace.

LRC/USDT

LRC is showing a really good pullback into a buy zone. In a chart posted in the TradeRoom by one of our team leaders, Pete, this morning you could see the buy zone clearly displayed in the 61.8% Fib level, which again is a common retracement level and Pete has also drawn a bullflag, which is a strong bullish continuation pattern. Target is US$2.10.

Invite to Join our TradeRoom

The Crypto Den was created in 2017 to help the rapidly growing crypto community learn and understand the fundamentals of digital currencies and how to trade them.

Since then we have taught thousands of members the basics of technical analysis and trading strategies to further progress and perfect their trading abilities.

Tags btc, ENJ, LRC, MANA, SAND

Events Market Analysis The Crypto Den

TradeRoom: Our Weekly Crypto Trades Analysis – Nov 15, 2021

Post author By David Haslop
Post date November 15, 2021

Learn from the experts! Live Trading Course by The Crypto Den starts tonight at 7pm AEST! Register for the Live Trading Sessions

Crypto Market Outlook

We’ve seen a bit of a pullback in price action in the market over the past four days, which isn’t a bad thing. Last week the total crypto market cap reached US$3 trillion for the first time in history and has since pulled back to the US$2.7 trillion mark, which could be seen as a new level of “Support”. It’s currently sitting at US$2.8 trillion.

*Total market cap sitting at US$2.8 trillion*

In last week’s article I mentioned BTC forming a symmetrical triangle which, as a general rule, has a 70% chance of breaking out to the upside. As you’ll see below, BTC did have a bullish break into a new all-time high (ATH) and has since reversed with some bearish price action to what we call a retest zone. What goes up, must come down … and that’s the same for financial markets. Nothing continues to go up without having some downs along the way.

BTC is retesting a new level of support after retracing in the 61.8% golden pocket. This is actually a bullish signal and could simply indicate a new market structure to launch from! We still expect BTC to reach US$78,000 soon.

*BTC breaking out and now retesting support*

Last Week’s Performance

MANA/USDT

Last week I mentioned the coin to watch was MANA (Decentraland) as the bullish momentum was just too good to ignore. It’s seen price action increase 57% and currently retracing. It seems to be bouncing from the 50% fib level at the time of writing and could see the 61.8% fib before a continuation up again. In the TradeRoom there’s been a lot of chatter around these Metaverse coins/tokens, and the sentiment is very bullish!

CHR/USDT

An amazing trade taken last week by one of our TradeRoom legends – “TypeGuy” – was on CHR (another Metaverse token). I’ve recreated his chart below. You can see see price action retraced to the trend line, then painted a bullish engulfing candle leading to a breakout. TypeGuy trades this on 10x leverage yielding him over 300% ROI. CHR did 76% on spot in only two days! That’s what I call a killer trade! TypeGuy has become an extremely consistent trader in TradeRoom after completing our trading course and shares a massive amount of his charts every week!

This Week’s Trades

BTC/USD

As mentioned above, BTC has seen a healthy pullback in price action and retraced back to that golden pocket. Forming a higher low (HL) on the 4H chart and breaking out the new market structure is VERY bullish so far. A big bullish engulfing candle was forming at the time of writing this and if this momentum can continue, we will surely see a break well above US$70,000 this week!

ETH/USD

If BTC follows the bullish path, ETH won’t be far behind. Currently in a falling wedge (bullish continuation pattern) and having had a “triple bottom” in that golden pocket, ETH looks really bullish! We would expect to see US$5,000 ETH this week if this plays out well!

LTC/USD

Another big top 10 to watch is LTC. Litecoin is usually either late to the party or early, but it’s rarely on time! What I mean by this is that sometimes it leads the way in price action, beating other top 10 coins to the punch, or it gets totally left behind to do its own thing and show up late again.

This time LTC has shown up early. Pushing out of the falling wedge we expect to see a slight and short-lived pullback before continuing up. I’m getting a Fibonacci target of US$350.

*LTC breakout and target based on “flag pole” and Fibonacci*

It’s important to remember that when trading ALT coins, their price action is heavily dependent on BTC. If BTC takes a bullish path, ALTs will likely follow. If BTC turns bearish, then ALTs will likely dump in price even harder!

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The Crypto Den was created in 2017 to help the rapidly growing crypto community learn and understand the fundamentals of digital currencies and how to trade them.

Since then we have taught thousands of members the basics of technical analysis and trading strategies to further progress and perfect their trading abilities.

Tags btc, CHR, eth, LTC, MANA, METAVERSE

The Crypto Den

LIVE Crypto Trading Course – 6 Week Program by The Crypto Den

Post author By David Haslop
Post date November 12, 2021

The Crypto Den’s Live Trading Course helps newcomers learn how become better traders through a series of interactive live trading sessions you can follow from the comfort of your own home.

About The Live Trading Course

The trading course runs for six weeks (12 sessions) and will take you through the journey of how to become a better crypto trader, teaching you market analysis, technical analysis and mindset.

All lessons are recorded and uploaded to the student only area of the website and mobile app for lifetime access so you can re-watch and learn at your own pace.

The TCD Trading Fundamentals program isn’t just a 6 week course, its a community. You will receive lifetime access to the private students only section of the platform where you can chat amongst previous students, share charts, submit homework or ask advice from experienced traders at any time.

When: Twice weekly (Mon and Wed at 7pm AEST).
First lesson starts on Nov 15, 2021, 7pm AEST.
Where: Watch live online via ZOOM
Duration: 60 – 90 mins

How to join

To join simply register for the Trading Fundamentals Course. After which you will receive an automated email outlining next steps.

In order to chat with other members and get help from our experts, you will also need to join the TCD Discord Server. If you don’t have a discord account you can create a free account in their website.

Registrations close 5pm (AEST) Monday 15th November. Must be registered to access the lessons.

What will I learn?

Support/Resistance: How to identify key horizontal areas of an assets chart
Candlestick Analysis: Learn what the different shapes, sizes and meanings behind the candles
Chart Indicators: How to use indicators to compliment and confirm your analysis
Moving Averages: How to use moving averages to help determine entries and exits
Chart Patterns: After learning the candlestick analysis we learn to put them together in common chart patterns
Supply & Demand: Learn the areas of interest the “whales” are on the lookout for
Exchange Tutorials: How to understand and use the exchanges used to trade on (its not as overwhelming as you might think!)
Fibonacci: Learn the MAGIC and WIZARDRY of Fibonacci!
Elliot Wave Theory: Discover the psychology of the market cycles dictated by human emotion
Market Psychology: One of the most important attributes of a successful trader is the psychology of the traders and their mindset
Trade Plan: Put all the ingredients of the cake together to make the best cake possible!

Meet the Team

David Haslop – CEO & Founder

David founded TCD in 2017 after a huge demand of newbies entering the market need guidance from more experienced traders. After teaching people 1 on 1 for almost 5 years the demand got so high David started the LIVE trading courses. As a successful and profitable professional trader David has shared his knowledge and experience with tens of thousands of people.

Cassie Millar – General Manager & Full-time Trader

The Crypto Den was one of the first groups Cassie joined when she started her trading career over 4 years ago.

Cassie has since developed her own successful trading style, she keeps it simple but effective, she has also mastered the art of patience, which is a much needed discipline in trading.

Cassie’s passion is to help/guide people find their own trading style and become successful traders.

Didier Mamet – General Manager & Full-time Trader

Didier has over 5 years Technical Analysis experience, his core strengths lie in Trading the financial markets and executing his strategy with precision. With a disciplined and patient trading nature, he is able to read and analyse the market allowing him the time to pull the trigger when the price is at it’s most profitable key area. Without over trading and causing paralysis over analysis, he believes patience is key. Developing a strong mindset is paramount to becoming a profitable trader.

Pete Tortorici – Team Leader & Full-time Trader
Pete predominantly trades patterns with the help of Fibonacci and some EMA’s. He likes to keep the TA simple and not overcomplicate things by using too many indicators.

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Bitcoin Market Analysis Markets The Crypto Den Trading

TradeRoom: Our Weekly Crypto Trades Analysis – Nov 8, 2021

Post author By David Haslop
Post date November 8, 2021

Crypto Market Outlook

Last week the overall Crypto Market Cap (TOTAL) sat steady at the US$2.6 trillion area and this week is still holding strong, currently at US$2.7 trillion. The flow of money into ALTS has shown some serious bullish price action across the board all week with near perfect conditions as a trader.

Bitcoin dominance is still dropping. Over the past seven days it’s dropped from 44% to 42%, while the ALT market added almost US$100 billion (6% growth).

BTC Dominance

Looking at BTC, we are seeing a few key points of interest.
First, since last week BTC has been ranging. Despite the BTC.D dropping further, this isn’t a bad thing. Holding steady above US$60,000 and ranging up to US$64,000 shows a bit of consolidation.

After its ATH push, it’s retraced into a golden pocket (61.8% FIB) from its previous level of consolidation, with a series of Lower Highs (LH) and Higher Lows (HL) forming a symmetrical triangle (usually a bullish continuation pattern with a 70% chance of continuing with existing trend).

Our first target in the TradeRoom still sits at US$78,000. As traders we move with the market and change our bias to suit, and at the moment the general consensus is bullish!

Something to keep an eye on, however, is the BTC monthly chart. At the moment it’s showing a bit of indecision (Doji Candle) and while there are still three weeks of the month to go, it’s worth keeping in mind. We expect this to change but it’s worth noting.

Last Week’s Performance

SOL/USDT

For the third week in a row, Solana (SOL) has made the top of my list. Why? Because it’s a money-making machine! With another 25% growth in the last week, there just seems to be no stopping it. Painting a bit of a daily Doji candle at the time of writing, however, if BTC does in fact take off I expect SOL won’t be far behind.

AXS/USDT

Another trade setup I mentioned in last week’s article is AXS. Since breaking out of its symmetrical triangle, AXS peaked out at 35%, which those of you who leverage trade will know is a significant move, even on a 10x trade.

*Last week’s screenshot from a TradeRoom Market Scan*

This Week’s Trades

BTC/USD

Let’s go back to BTC. If the bullish sentiment plays out, I’m expecting to see something like this:

You can see in its previous run up, BTC peaked at the “future 618” Fib (a common target fib) after retracing 50% of its last push before that. Now, it’s not uncommon for momentum to pick up and only see retraces of 38.2% in a continuation trade. If it follows the same pattern, a target of US$83,000 is likely. Our initial target for BTC is still US$78,000.

MANA/USDT

One of the biggest coins to watch for this week, I think, will be MANA (Decentraland). The momentum is too high to ignore and with all the hype around the metaverse tokens, this has been one nice little performer.

We charted this in the TradeRoom last week and collectively made over 1000% RIO in a matter of hours!

From a technical standpoint, MANA has retraced to the golden pocket (common retrace level based on Fibonacci), bounced off the pocket and the 50 Exponential Moving Average (EMA), and is currently in a descending wedge pattern. This is another bullish continuation pattern we teach in our trading course.

*Expect to see something like this play out*

It’s important to remember that when trading ALT coins, their price action is heavily dependent on BTC. If BTC takes a bullish path, ALTS will likely follow. If BTC turns bearish, then ALTS will likely dump in price even harder!

>> Take our Free Beginners’ Trading Course

>> Join our Trading Community for your 7-day free trial

>> If you’d like to learn how to read and analyse charts, our LAST live trading course of the year starts Nov 15!

The Crypto Den was created in 2017 to help the rapidly growing crypto community learn and understand the fundamentals of digital currencies and how to trade them.

Since then we have taught thousands of members the basics of technical analysis and trading strategies to further progress and perfect their trading abilities.

Tags AXS, btc, MANA, SOL

Bitcoin Crypto News Market Analysis The Crypto Den Trading

TradeRoom: Our Weekly Crypto Trades & Analysis – Nov 1st, 2021

Post author By David Haslop
Post date November 1, 2021

In this article:

Crypto Market Outlook
Last Week’s Performance
This Week’s Trades

Crypto Market Outlook

Despite BTC dropping 14% from its new all time high (ATH) last week the entire Crypto Market Cap (TOTAL) still looks very healthy sitting at US$2.64 Trillion area. Which is only a 4% drop since the new ATH of the market cap.

What we find really encouraging is the current position of the ALT coin market (TOTAL2) which has a total value of US$1.47 Trillion. Reaching new highs yet again this is extremely bullish, not just for ALTS, but show for BTC as well as its showing strong confidence in the overall market. Bitcoin Dominance (BTC.D) dropped with BTC recently and ALTS only seen rather minor reactions to this drop.

Even the total crypto cap excluding both BTC and ETH (TOTAL3) has reached new highs this week topping out at US$963 Billion. Which tells us that a lot of capital is confidently flowing into ALTS across the board and not just to the Crypto #2 Ethereum.

Now lets take a good look at Bitcoin.

BTC pulled back to find daily support at US$57,500 after reaching a new ATH at US$67,000. We thought we would see a much stronger initial push high from BTC after achieving a new high however a pullback like this is NOT unhealthy. In fact quite the opposite.

BTC could simply be painting a daily bullflag! This is a bullish trend continuation pattern which shows a price projection (length of the flag pole) lining up perfectly to a future 618 Fibonacci level. We teach you all about chart patterns and Fibonacci in our Trading Course if you’d like to learn more on this!

If we take a look at BTC on a monthly chart you’ll see its just had its highest monthly close ever! Another very bullish sign.

So what are we looking for in the TradeRoom next? Based on a 4 hour chart it shows BTC breaking out of the bull flag and retesting a level of both horizontal support and the local down trend. This restest forms a higher low (HL) which leads some pattern traders to see an inverse head and shoulders pattern (iH&S) which is a common reversal pattern preceding a recent trend down. The “head” also reached the common Fib retrace level of 61.8%. We are waiting to see a confirmation of this by breaking above US$62,605 (green line/circles). Once this is confirmed I see BTC approaching the new ATH with bullish strength behind it!

Overall market sentiment is high. The general consensus is that we will see the entire market make another move up. Be sure to mitigate any risk by ensuring stop losses are in place!

*BTC breaking out and retesting bullflag*

Last Week’s Performance

SOL/USDT

In my last article I touched on SOL being one of the key coins to watch. Even with BTC dropping that 14% I’m so impressed with how well SOL has held its own. Making a higher high (HH) on daily chart we still expect to see SOL reach new highs at around US$250

ETH/USD

We also looked at ETH for a long position. As you can see in the chart below this trade was ALMOST stopped out when BTC pulled back however it wasn’t hit and we are still in the trade. Again, I’m expecting to see ETH hit close to US$5,000 soon!

MANA/USDT

This trade was by one our our TradeRoom members and former students! Using Fibonacci as a project tool this trade played out better than expected!

‘Dazzling’ as he’s known in the TradeRoom spotted this ascending triangle pattern (another bullish continuation pattern). After entering MANA did a massive 240% move. Daz entered into a leveraged trade yielding him over 1000% which is amazing! I’m sure everyone reading this from the TradeRoom can agree Daz is a TCD legend and always extremely helpful and supportive within the community! Nice work Daz!

NOTE: Daz has been trained to trade with leverage. Leverage trading should NOT be done by beginners. If you’d like to learn our Trading Fundamentals LIVE course starts in 2 weeks!

This Week’s Trades

BTC/USD

Lets look at BTC first. Can it follow the potential path addressed above and breaks the ATH at US$67,000 we will likely see US$75,000 – US$78,000 as a first target.

ALGO/USDT

An ALT showing some signs of strength amid the BTC pullback and one of the fan favourites in TradeRoom is ALGO.
Showing some daily Higher Lows (HL) with equal highs ALGO is one to watch this next week or so.

AXS/USDT

AXS is one we touched on in our market scan last Thursday as its be painting a daily symmetrical triangle. Again this shows good strength against BTC. AXS has since broken out and already achieved a 34% increase. Currently pulling back to test support and could present opportunity for a new entry.

Its important to remember that when trading ALT coins, their price action is heavily dependent on BTC. If BTC takes a bullish path ALTS will likely follow. If BTC turns bearish then ALTS will likely dump in price even harder!

If you would like to become a better trader, you are invited to join our TradeRoom where we share daily charts and market analysis. In our community we strongly encourage and teach correct risk management strategies to keep our members safe in this new volatile crypto market.

>> Take our Free Beginners’ Trading Course

>> Join our Trading Community for your 7 day free trial

The Crypto Den was created in 2017 to help the rapidly growing crypto community learn and understand the fundamentals of digital currencies and how to trade them.

Since then we have taught thousands of members the basics of technical analysis and trading strategies to further progress and perfect their trading abilities.

Tags ALGO, AXS, btc, eth, MANA, SOL