We are happy to announce the launch of xbt.social. In collaboration with CCN, xbt.social will provide novice, intermediate and experienced market traders with the opportunity to hone their skills in a collaborative analysis and trading environment. xbt.social is a bitcoin community with exclusive stories fostering great discussions.
xbt.social Bitcoin Trading and Analysis
xbt.social is a subscription service that offers members daily Bitcoin price analysis and ongoing market commentary as price action unfolds. Collaboration between members and experienced analysts seeks to identify trading opportunities with a high possibility of success. Once an opportunity is identified, a detailed Trade Recommendation is made and the Bitcoin trade is tracked to conclusion. Rather than simply being a Trade Signal service, xbt.social discusses the conditions and mechanics of each trade, including the steps necessary to mitigate the risks inherent in taking a particular trade.
Multiple-timeframe analysis is presented in a format similar to the Bitcoin Price Analysis reports published on CCN, however, the analysis is expanded to include more detail at smaller timeframes and Trade Recommendations are made for each of the major exchanges.
Members comment on and discuss daily analysis and Trade Recommendations in an environment conducive to collaboration and discovery – free from the trolling and general chatter that necessarily accompanies public articles. Long-term analysis is updated once a month and medium-term analysis once every week. Long-term and medium-term Trade Recommendations are issued accordingly. The service is, therefore, appropriate for scalpers, day traders, medium-term traders, as well as long-term investors who want to stay up-to-date with trend’s direction and duration.
The objective of the xbt.social team is to provide subscribed members with the following:
- Objective and dispassionate Bitcoin price analysis using a range of technical analysis methods.
- Collaboration among members and analysts via open discussion and interaction around rich analysis.
- Trade Recommendations with 80% probability of success (typically Elliott Wave 3 and Wave C) including specific Entry, Stop Loss, Take Profit and Exit conditions.
- Development of a logical and disciplined trading methodthrough applied practice and hands-on learning.
- A rational foundation in Money Management, Risk Management, and Trading Practice.
“a trader who has generated substantial profits over his or her lifetime can lose it all in just one or two bad trades if proper risk management isn’t employed.”
Comprehensive Risk Management
Many traders narrowly define risk management to mean the use of a Stop Loss (to minimize losses) and of a Take Profit (to close a trade at a conservative target). xbt.social expands the definition to encompass both Money Management and formulaic Position Sizing.
Members are provided with time-honored Rules for Trading; with simple and effective Money Management rules, as well as an optimal Position Sizing formula. Trade Recommendations reinforce rules and sizing guidelines to instill disciplined, mechanical position entry and exit as the key to longevity in the market.
xbt.social features breaking news related to the Bitcoin market, as well as commentary on global economic events that have an impact on Bitcoin price and value.
Membership costs $95/month, and interested readers will receive $46 discount if they are amongst the first one hundred subscribers to apply. Visit https://xbt.social and use token first100 to qualify.
Source : https://www.cryptocoinsnews.com/xbt-social-collaborative-bitcoin-trading-analysis/
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