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BTCUSD Setting of targets. You took a short position when you break through a symmetrical triangle in a downtrend. Then the position began its realization, becoming a profit deal, and the price was consolidated in the trade corridor, the continuation pattern - a rectangle. Then the price as expected continued its downward direction having broken the borders of the rrectangle. Now you can transfer the protective stop to a new, technically sound level - above the rectangle's trade corridor. Then the price reached the price level determined by the measured move and consolidated into a small symmetrical triangle. This is why there is no sense to close the position right now as the trend tends to go on. You should better try to keep a profit position as long as possible especially when there is a new technically supported level in our case – above the borders of the small symmetrical triangle. Information is the most valuable of well-known goods. I share all of this information with my Family members for free so don't forget to like and subscribe.
BITFINEX:BTCUSDEducation
by EXCAVO
13
Stop-Losses, useful, mandatory or just nice to have? - Part 1Hi guys! Last chart I posted my first video chart format and that was new for me. Last week I also held a webinar, and that was also new. The topic was STOP LOSSE, and I explained many things about this subject. I will share some points with you that you can use in your trading. 1. What is a stop loss order and how can I use it? The stop loss order is without a doubt the most important tool in your trading arsenal. It is basically the order you place when you enter a trade to be protected if the market goes against your position. For example if you are long BTC/USD from 6400 then a selling stop loss order can be placed under at 5XXX. Furthermore, if you are short BTC/USD from 6400 then a buying stop order can be placed at 6600. Basically your stop order for a long position is a sell order placed lower than your entry point and a stop order for a short position is a buy order placed higher than your entry point. Until I show you more example of how you should place your stop loss orders in another post please remember that a good practice is to use strategies of money management where you risk at most 5% of your capital if you trade aggressively (and have a really good strategy) or even lower like 1-2% for a more conservative approach. I use conservative approaches most of the time. It keeps my capital safe and I like keeping my money, not losing them in a silly way. This percentage of your trade is what you risk, and this is represented by how much you will lose if your trade gets stopped. That is actually that risk we are talking about when we enter trades. Remember that all trades pose a risk of loss. 2. Should we use stop losses and are they really that important? Short answer YES (please notice the caps). But let me tell you more about this. If you are serious about trading them you must understand that no trader has a 100% reliable trades. In every strategy there will be losses but keep in mind that these losses should be kept under control. This is the purpose of a stop loss to manage how much money you lose and to avoid the situation in which you have no capital left. Because with 0 capital there is a 0% chance to recuperate your money or make any profit. In the end any market will give results if you control your risk and protect your capital. Here are some a few things to keep in mind when using stop losses some GOLDEN RULES if you want: - Do not widen you stop loss ; - Do not move your stop loss (just treat it like an immovable object); - Placing stop order should be done in accordance to a trading plan but a bit more on that latter; 3. So where to place stop losses? There are many variants of placing stop losses depending on your strategy and style of trading. Only you can decide which is the best for you. I will show you one in this chart, and one in another post later on. Here are some rules for placing a stop loss: - there must be a «barrier» between an entry level and a SL level (a support/resistence, an indicator, a historical high/low etc) - SL size have to allow the market to «breath» - Use a buffer to protect yourself from random movements (market noise) Example: Stop Loss Order using swing highs/lows For this type of SL remember: - We can use previous swing highs and lows - Use a buffer to protect yourself from random movements (noise) My next live stream will be October 24. Follow me on here on TradingView to see more details.
BITFINEX:BTCUSDEducation
by DLavrov
12
#bitcoin bulls warning stockmarket danger !!!One on my key signals which I've been following all year was confirmed at yesterdays close. Biggest imminent danger is from another fall in stockmarket (could be short and quick). I've included S & P 500 chart. You can wait for the break out of the box but my guess is that if the stockmarket goes down it will take all crypto with it. To find out how to construct my signals boxed in yellow check out my other postings. There's more than one way to trade them.
BITFINEX:BTCUSDEducation
by Felix000
#bitcoin another (new) bull argument/chart for bullsUpdate (advanced study) - see previous posts or thread for more info. Note if some indicators look different to yours it could be that I've converted them to log scale, and customised. Here's how I picked the vertical bars above. Picked all the fractal highs with pivot points which also corresponded with same colour Aroon at 100 (see chart with Aroon below). I then took the volatility of those days and extended it by three days to form a pink box. In the above chart note that green boxed areas correspond with MACD indicator where fat green line rises and then blue histogram bars start appearing - all like the pattern now. See previous posts for charts/arguments of what could be bearish instead. Here's how I picked the vertical bars above. Here's previous study (zoomed out) using standard MACD.
BITFINEX:BTCUSDEducation
by Felix000
The global trend is starting to change?How to understand when the global trend is starting to change? The issue of trend reversal is very acute at the moment, because we are witnessing a rather long fall and one of the longest corrections now. And to be precise, this is the second biggest correction. How to found out the moment has come and you need to urgently buy up everything so you do not cry you did not buy the Bitcoin for 6500, when it already costs 25k? In fact, no one professional analyst or trader can say exactly the trend has reversed. There are always certain moments which just do not allow you to be 100% sure. But we can give you some signs will help you understand it's time to make neat purchases: 1. Long fall. When you notice price decline continues for quite a long time, this is a sign the turn is getting closer and closer. 2. Falling volumes . If the volume falls noticeably in the long price decline, this is one of the strong signs an impulsive reversal is coming. 3. The price is on par or returns constantly to the same level. Certainly, the correction does not continue all the time, and if it can be seen the price returns to the level of the beginning of the rebound after local bounces, it means the “bottom” is somewhere nearby. 4. Slow motion. When the correction comes to an end, price movements slow down and overall volatility decreases dramatically. 5. Psychology of the environment. For example, when there was a big pump to $ 20,000 per bitcoin, all the people around were talking about cryptocurrency, everyone wanted to buy it, there was, so to say, an overload of the people industry. Then it was a sign it was time to close positions and wait for the falling. It is enough to interpret this observation. These are the data we have noticed and collected to you understand the market could turn around. Surely, there are a lot of moments, but we gave you the most common and basic ones. Thank you for attention! Let profit come to your home
COINBASE:BTCUSDEducation
by Btctrader888
#crypto #bitcoin bull bear using Aroon (Experimental)Bull pushing higher and WOW if they can only break new highs would be fantastic. Here's a worry but bear in mind that it's only experimental. If all patterns are just consolidation areas in a much larger picture then at some point all patterns break up - break out of a box. This study is not intended to supersede any previous study. Bitcoin still looks 50/50 ew and currently with a bullish bias. Needs to break into new highs for loads of reasons as everything else appears to be pointing down.
BITFINEX:BTCUSDEducation
by Felix000
2
BTCUSD Types of false breakdownsFALSE BREAKOUTS, BULLISH AND BEARISH TRAPS FALSE LEVELS BREAKOUT: TRADE, KINDS, PATTERNS Trading strategies using key support / resistance levels are among the most popular and often used in trading practice by most traders. However, behind the seeming simplicity of the trade of the rebound from levels, and their breakdown lies a lot of nuances, which are often the cause of an unsuccessful trade deal. One of them is a false breakdown of levels, which cannot be identified correctly identify on the chart by all traders. It is the trade of false breakdowns that leads in most cases to incorrect entry into the market. To minimize the risk of trading levels, let us study the concept of "false level breakdown", the logic of their formation, types and how to avoid mistakes in trading levels. So, a false breakdown is a situation where the price of the traded asset breaks the level, but it cannot gain a foothold above or below it and comes back. Schematically, this pattern and pattern are shown below. They are often called “bullish or bearish trap” in literature. You can come across them quite often in the upward and downward tendency, in consolidation, in figures of the graphic analysis on statistic and dynamic (movings) level. LOGIC OF FORMING FALSE BREAKDOWN At the heart of this price behavior there are two mechanisms. 1.The lack of demand or supply on the market. In this case, the price is actively moving to an important price level, but as we approach it, the size of bars (candles) begins to decrease, and volumes - begin to decline. This means that at these levels, the demand for the asset falls sharply due to a decrease in the volume of the traded asset or unwillingness of traders to buy / sell the asset at a too high / low price. And the output of prices beyond the important level (false breakdown) has no chance of continuation. In this situation, most often the market goes into a flat state. 2. Getting the position by a marketmaker / specialist due to small traders. As you know, when the price moves up / down, the marketmaker takes the opposite position, that is, he provides liquidity to the asset. When the important price level is reached, the activity of the participants decreases and the demand / supply falls. The marketmaker, in order to close its existing position and turn, needs to collect an asset at the prevailing price. Not being able to place his applications for the purchase / sale of an asset at one time, he performs manipulations (actions contrary to his intentions), provoking the “crowd” to sell / buy a trading instrument, that is, create additional supply / demand in this area. For this, he makes a false move beyond the boundaries of the resistance / support zone and most small traders, following the logic, buy / sell an asset to a marketmaker. Having gained a necessary volume and closed the current position, the maketmaker starts moving to the opposite side, and the crows loses money. It is a false breakdown, most often used by a marketmaker for these purposes. In this variant, the price is suitable and breaks the level with large-size bars and high volumes, but after the breakdown volumes fall sharply. This indicates the activity of market participants and requires knowledge of patterns for identifying false moving. TYPES AND VARIANTS OF FALSE BREAKOUT False breakout patterns can be different: single (puncture), double or multibar (tampering). Instant breakdown - the price makes a sharp move out of the channel by one bar / candle (puncture) and comes back, while the bar / candle closes below the resistance level and above the support level. Such a candle should have a high volume and a long upper shadow (pin bar). Breakdown of the level by two bars with the closing of the first step above the resistance level (fastening above the level), and the second - its return and closing under the support level and, conversely, for the support level. It is very important here that the volume of the candle return is greater than the volume of the candle penetration. Breakdown of the level with subsequent tampering over / under it (trade in a narrow range), return back. Here, the largest volume should have a candle breaking through the level and a return candle. On the chart, it looks like this: TRADING OF FALSE BREAKDOWNS: It is impossible to formalize all the rules for trading a false breakdown in a short article, but only the most important ones. First, the trading algorithm: •Never enter the market until the breakdown candle is completely formed (closed), ideally - it is not worth to enter the market at all in general. The beginning traders do this mistakenly as they emotionally react to the breakdown and are afraid to miss the move. It is necessary to make a decision after the formation of the next or several subsequent candles, depending on the type of the forming breakout pattern and the market context. Many traders take the sharply increased volume for a breakdown candle as a basis. But the reason for this phenomenon can be not only the entrance of new buyers, but also the banal demolition of stops, which is especially common in the breakdown of levels (boundaries) of price channels. Below is a schematic diagram of the algorithm for entering the market after the completion of the formation of false breakdown patterns. • after breaking through a strong level, carefully analyze the forming patterns, among them, often form reversal, which can tell you a lot about the current situation. The figure below, as an example, shows the situation on the chart with a false breakdown and several signals for a spread Always be very attentive: if the price matches the strong level the marketmaker will probably provoke the next false breakdown. And do not forget that level breakdowns including the false ones often happen as a result of strong news. And the last one, some traders avoid trading of such moves. This is completely in vain, since the trader loses the chance to enter into a deal at the best price with a small stop which allows to reduce the risk and easier to keep an open trading position.
BITFINEX:BTCUSDEducation
by EXCAVO
45
BTCUSD Trading strategy and Trading tacticsThe trading strategy is a common vision of how, by means of which methods, using what tools and in what markets the trader is planning to earn money for a long time. In our case, since we are going to trade on the crypto-currency market, it is worth determining whether we will trade the most liquid coins using the marginal leverage, or it will be trading in cash. Maybe it will be an investment in top projects, which are in the limelight; maybe, it could be an investment in low-liquid projects that are far from the top on coinmarketcap, but they can give the X-s in the future. Accordingly, it is necessary to choose a trading platform for these purposes. For margin trading I recommend Bitfin, I do not recommend Bitmex. For trading top coins, Bitfin or Binance, will suit your capital. For trading potential projects - binance, cucoin, bitrex. Further it is necessary to decide what type of trading you are interested in depending on the time. This will be a day trading where the trader searches for trading opportunities throughout the day, constantly monitoring the market, or swing trading (middle term trading), when the trader determines the direction of the market, takes a position and holds it until the prerequisites for a reversal of the trend appear. Alternatively, this is a long-term investment, when the trader accumulates a position, having a firm belief in the direction of the main long-term trend. Regarding methods and tools for analysis: we are going to study TA, respectively, this is the method that is suitable for us. Each trader will be able to determine for himself a set of tools for technical analysis with time and practice. Someone is more inclined to use patterns and levels, someone is an “indicator”, and someone likes to use volumetric analysis. My opinion is the following: you need to have a certain "crown", but use all available TA tools for additional help in the analysis. Trading tactics is a strict set of rules for using methods and tools for technical analysis, the risk / capital management rules to achieve strategic goals. For example, while choosing the liquid assets trading, these rules should encompass: • Clear rules for entering the position: the reason, the volume of the transaction, case scenario, which will increase the already open position. • Clear exit rules: predefined TPs and SLs, coordinated with the development of cases, which will allow changing the initial settings of target levels, the rules for transferring SLs in the black and further. • Calculated, strictly defined risk / capital management rules. • Disciplinary tasks Risk and capital management. Strict control over losses is probably the most important prerequisite for successful trading. There is a classic rule: eliminate the loss-making positions as quickly as possible, keep the profitable positions as long as possible.
BITFINEX:BTCUSDEducation
by EXCAVO
14
#bitcoin ready for next leg down. What do you think ?Didn't have to produce this prediction but thought just for fun. Taking a guess on timing when leg down may end, and that we've seen high. Also took volatility of the 14th September as 23.6% key to the next Fib downturn. Added some more Fibs too using a different measure. If it's going to try for a second fractal high will it reach bull territory instead ? Are we going down or up ? For those not familiar with Trading View drag scales on side to move chart around.
BITFINEX:BTCUSDEducation
by Felix000
#bitcoin what Billionaire bulls need right nowThis is the longest it's ever taken from a red vertical to form a fractal high or low in recent times. Is it because market getting ready for a different kind of drop or is something changing that again is going to change the pattern of recent times. It happened already once on 15th August when fractal high mist its target of the light blue Bollinger Band setting up an opportunity for bulls. A break in pattern would occur if price crosses 50% retrace at $6,774.4 and $6,731.3 which is the high of the yellow vertical bar. An Aroon brown bar would be helpful too. Note: this is the second day above the high formed on the day with the red vertical bar. In recent times has not spent a day higher when going down.
BITFINEX:BTCUSDEducation
by Felix000
Beginners Guide- How to spot support and Resistance levelsHi Fellow Traders, I wanted to do something different with this post to help those that are new in the world of investing. One of the most fundamental parts of trading is knowing resistance and support levels. Now what do we mean by this? These levels/prices are prices which kind of act as a ceiling (resistance) or a floor (support). Think of it this way, lets say you are in a multi level building and you are on the second floor, for you to move to the next level you have to get through some sort of resistance in the form of a ceiling. If you have the energy and the will you will overcome that resistance and reach a new level which is now the 3rd floor. Now Lets say that you are now on the 3rd floor what price do you think will become the new support price that will keep you at the 3rd level? correct it was the ceiling of 2nd floor which is and always was the floor of the 3rd floor. So remember the key thing here is that resistance always becomes support once broken and vice versa. If you look at the graph attached to this post you will see some resistance and support levels for bitcoin. if you look at approximately $20,000 we can see that bitcoin failed to break that resistance as it had no more energy to overcome this price level. furthermore this would be a very strong resistance level as we have not tested that value for 10 months so this is a very strong price psychologically for investors, just remember the longer the resistance or support level lasts the stronger it is. So one should suspect that when we reach this price again we might see a retracement of some sort before hopefully eventually breaking it and it becoming a very strong support level. I will outline some important points below for support and resistance to remember: 1) The longer a support and resistance lasts the more significant it is 2) The more times support/resistance is touched and not broken the more significant it is, an example of this is the $5800 line on the btc chart this price was hit maybe 3-4 times with widely separate times and also this price was not broken with huge down volume on the 5-6th of feb. Some of the publishers on tradingview are saying prices will get lower then $5800 which the probability is quite low as the volume now is much much lower then that of 5th of feb, think of volume as like the energy required to break support or resistance prices, moreover if the prices couldn't be surpassed with much larger volume/energy what makes them think that it will now? 3) Support or resistance levels can act as temporary stops to a trend, an example would be a up trend where the price of a coin would decrease for a short time after hitting the resistance but continuing on with the trend afterwards. This applies to downtrends where the support level would be a temporary stop before the downtrend continues on. This what i can think of in regards to support/resistance levels, if i remember anything new i will re-post on this page. Please ask any questions if you don't understand anything i have posted here, i will gladly help clarify what I am saying. Successful Trading Crypt1c_one
Education
by Crypt1c_one
2
2 weeks BTC analysis After few analysis i decided one of the best timeframe to spot the primary trend and reversal for BTC is the 2 weeks timeframe. The 1 month timeframe is too high as the asset is too young and it wouldn't be sensitive enough to give us reliable signals of reversals top and bottoms. Certainly there are many similarities between 2014 and 2018 but we always need to bear in mind that the asset is really young and compare the assets later in the trend with their behaviour at their birth is not always ideal, as many factor can affect the market right now that are completely different from back then. with the first one being the type of investor in the market, their mind and psychology. As you can see from my analysis we can appreciate how the indicators have been reliable and quick to signal tops, bottoms and supports. Also WMA has been a good dynamic support. In 2014 BTC formed a "bull flag" culminating in an accumulation phase. the record volume showed after the accumulation sign the start of the next bull trend. Similarly and as expected BTC has formed another bullish pattern "bull pennant". The volume has started to expand which is typical during accumulation phases. I expect the accumulation phase to end November - December and the new bull run to start in January 2019. The range will be between 7k and 6350 - 6150. Bear in mind that the trendline will provide support in any move below the market structure. ROC showing a new support, similarly to 2014. In bull trend (primary trend) the indicators range on the north side and the ROC indicators is starting to migrate north again after the last parabolic blow off, typical mega overbought condition during the first phase of a young rising bull market. I'll keep my eyes open for any reversal sign and confirmation. Educational purpose only
BITFINEX:BTCUSDEducation
by CFcryptoTA