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Tips for beginners on how not to make mistakes when trading Hello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅ Guys, today I want to share with you information from one interesting blog, for the last 3 weeks the market has not shown us strong volatility and we have to watch almost the same price range, I'm talking about the main cryptocurrency, Bitcoin. So I decided to share this information for beginners in order not to make mistakes that can be so easily avoided in the future. Let's start with you in order: What is Consolidation or Flat? Consolidation is the state of the market when it is sandwiched between support and resistance. This state means that a certain state of balance has arisen in the market between sellers or buyers, that is, demand has balanced supply. In other words, the market is in a state of accumulation or distribution. According to statistics, about 80% of the time the markets are in a flat state, so trading in a sideways range will always be profitable for traders. For consolidation to become apparent, the price must touch the support and resistance levels at least twice. I think that it is clear here, this is a classic of technical analysis, trading from levels in FLAT. Example below: And so let's continue: Consolidations can expand and contract. An expanding consolidation occurs when the price makes a false break and moves back into a range, thereby expanding the space between support and resistance. Selling at resistance will force you to hit a stop as price breaks the current resistance level to then move back into the range. Example below: A shrinking consolidation occurs when the market enters a period of low volatility, for example due to an impending news release. During periods of narrow consolidation, it is better to refrain from entering the market and making deals. But during periods of broad consolidation, you can trade from its borders. This will give us a good risk to reward potential. However, you should always remember that sooner or later the price will go beyond the range, a true breakdown of the level will occur, and the market will move into a trend phase. The longer the market is in a flat, the more force the trend will follow after the price breaks out of the range. Any calm in the cryptocurrency market is replaced by explosive, and vice versa. We got acquainted with the theory and I think there is nothing complicated, you can see all the examples on the graphs above. Let's move on to the most important thing now: Flat is a killer of deposits, why? We have all heard or read on various forums that flat is the killer of deposits of trend traders. Actually, it is. If your trading system is showing outstanding results in a trending market, then as soon as the sideways movement begins, you can say goodbye to all the profits. Let's take a look at the place. The thing is that trend methods will give you signals to enter the market near support and resistance levels, and as soon as you open a buy deal, the price crashes into the level in just a couple of points, and after that a reversal begins. On average, the trading system will give 4 false signals, which will completely block the profits received when trading with the trend. Therefore, if you learn to identify a flat in the early stages of its formation, then the damage caused by it will be minimized, or even better, you will be able to use this state of the market to your advantage. How to define a flat? In order to correctly learn how to determine a flat, we must remember what it looks like. A sideways movement is a movement between two highs and lows, perhaps this will be enough. Let's look at the chart, try to identify any price fluctuation between the latest highs and lows. Shown below is an example: Red circles mark the first minimum and maximum. As we can see, the subsequent price movement is within the range of boundaries we have drawn. Next, we can see how the price breaks the lower level and a strong downward movement begins, but it is worth noting that the price made about 7 bounces from the levels before that, which we could use for profit. How to trade in the side market? The best strategy for trading sideways markets is the false breakout. It usually gives a powerful impetus for the price to move in the opposite direction. Market makers always collect stop losses of traders at levels to gain liquidity and then move in the opposite direction. This should always be taken into account when trading false breakouts. You can set take profit and exit the trade on the other side of the trading range. I often mention this in my signals that MM collects stops and turns the asset in the other direction, this happens most often on strong
Education
by DanilBlinkov
HOW-TO [TTI] IBD Market SchoolHOW-TO instruction. This video shows how my custom IBD Market School Indicator works for TradingView. –––––––HISTORY & CREDITS––––––– This indicator is based on the Market School Program from IBD and it is the core logic for which I have developed the indicator. The whole system is based on the model books for the greatest winning stocks from the past. The names of the people who have contributed to this system are William-Oneil, Mike Webster and Charles Harris. –––––––WHAT IT CALCULATES––––––– 10 Buy Signals: 👉Follow Through Day 👉Additional Follow Through Days 👉Low above 21-Day MA 👉Trending above 21-Day MA 👉Living above 21-Day MA 👉Low above 50-Day MA 👉Accumulation Day 👉Higher High 👉Downside Reversal BuyBack 👉Distribution Day Fall Off 14 Sell Signals: 👉Follow Through Day Undercut 👉Failed Rally Attempt 👉Full Distribution minus One 👉Full Distribution 👉Break Below 21-Day MA 👉Overdue Break Below 21-Day MA 👉Trending Below 21-Day MA 👉Living Below 21-Day MA 👉Break Below 50-Day MA 👉Bad Break 👉Downside Reversal Day 👉Lower Low 👉Distribution Cluster 👉Break Below Higher High –––––––HOW TO USE––––––– Each buy signal is a +1 and each sell signal is -1 point to the general count. We will add all buy and sell signals to produce an overall count from 0 to 5. Based on the count this will translate to market exposure from 0 (at count 0) to 100% (at count 5). Essentially this will help you scale in and out of the market.
SP:SPXEducation
by TintinTrading
🟨 Cup and Handle Pattern - cheat sheetWhat is the Cup and Handle Pattern? One of the most important chart patterns in the stock market is the Cup and Handle Pattern, invented by William O’Neill. Sometimes you might see it abbreviated as CWH. It also holds the crowd proclaimed title as one of the most profitable and reliable breakout patterns. The Cup and Handle Pattern forms as a bullish continuation pattern that can be found during strong trend. –––––––––––––––––––––––––––––––––––– Is Cup and Handle Pattern Bullish? William O'Neil cup and handle patterns represent bullish continuation patterns that mark consolidation periods which are followed by breakouts. This pattern includes two components: cup and handle . After advancing, this cup is formed in a bowl shape or with a rounded bottom. Handle forms in the upper third of the cup. –––––––––––––––––––––––––––––––––––– Stages of a Cup and Handle Pattern Formation Stage 1 Setup: The pattern starts when a price raises from a former base, making the prior trend a bullish trend. At some the profit taking starts taking place and the stock begins the decline, forming the high of the cup. The high of the cup is also called the ‘Left Cup’ Stage 2: Decline: The stock starts to form a new base. It is normal to see above average volume at the beginning of the decline. The volume element is important since it ensures that later buyers to the party are out of the stock and do not provide an overhead supply. By the end of Stage 2 the volume would have fallen below average. This low trading volume is combined with price consolidation around the low of the cup. Stage 3 Recovery: The stock starts to recover and the volume on up days starts to pick up. This indicates that institutions are taking interest in the stock. Pro tip: look for low volume on down days. Now we still have a few more types of players into the stock: the bottom fishers who bought in at the low of the cup and the bag holders who have bought at the high of the cup and have been sitting on a loss. As the stock price moves up, these would partially close their positions making the recovery process a stair stepping process rather than a V shaped recovery. As the price reaches close to the High of the cup, the last bag-holders will cut their losses and will create a large volume sell-off. At this point the “Pivot” is formed or the “High of the Handle”. Stage 4 Consolidation: After the High of the handle, the price is likely to continue its handle formation. The handle pattern occurs as there are still weak hands in the ticker. A shakeout preferably on higher volume is considered a bullish continuation in the cup and handle pattern formation . This indicates that all overhead supply is depleted. The point when the price starts to climb again and reaches the high of the handle is the breakout point. We will look for a to price breaks on higher volume to indicate that institutions have taken control of the stock and that the sky is clear to move upwards. A rule of thumb is to look for a price target with the same value as the prior advance from previous base as the one subsequent to Stage 1. –––––––––––––––––––––––––––––––––––– Hope this helps! Example of Cup and Handle on AAPL from 2003
Education
by TintinTrading
1
BTC - Practical Descending Triangle Example! 🖋Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. I find BTC chart interesting as it is forming a textbook Descending Triangle, so I thought it would be a practical example to highlight it now. 📌 First, let's start with the definition of a Descending Triangle: 🗒 What is a Descending Triangle? A descending triangle is a bearish chart pattern used in technical analysis that is created by drawing one trend line that connects a series of lower highs and a second horizontal trend line that connects a series of equal lows. 📉 Traditionally, a regular descending triangle pattern is considered to be a bearish chart pattern. However, in my opinion, even thought a bearish continuation is more probable, all triangles are bilateral patterns. Means they can be broken either side. 📌 How to trade a Descending Triangle pattern? 🗒 Remember: A pattern would be an idea, until activated. In our case, for the descending triangle pattern to get activated, we need an H4 candle close below the lower bound. (around 15500 in red) In parallel, for the bulls to kick in, and invalidate the bearish scenario, we need an H4 candle close above the upper bound. (around 17100 in blue) 📌 Trade / Risk Management: 🗒 When the pattern is activated, you can enter immediately after the candle closes, or wait for it to retest the trendline first. Regarding the stop loss, it goes above/below the last high/low from the other side. Regarding the take profit, the project would be the biggest distance between the highs and lows inside the triangle. Hope you find this post useful. Let me know if you have any questions. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Education
by TheSignalyst
38
Smart money dumb tradesThe major issue with 99% of retail, is that they seek tops and bottoms. They watch a video or read a post and DIVE not knowing, or understanding some simple logic. To be a successful trader you need a level head. As soon as you realise profits are made in a range and not by trying to time market tops and bottoms, there more you succeed. There are thousands of techniques out there, some that have a high hit rate, others that don't, some are complex and some are simple. In instruments such as Bitcoin - you also now have tools such as on chain data. The issue is and will always be, liquidity. Money is made by someone else losing! Retail will see things like Elliott wave and dismiss it - "ah it's old, ah it's broken, ah I don't get it..." We as humans can find the good, the bad and the ugly with all techniques. All we are really trying to do is, re-affirm our personal opinions, defending loyalties and find angles to attack anything that is not aligned with our desired outcome. Hindsight equals the ability to explain the past but in doing so, creates an illusion that we "now understand" it all makes sense. People don't understand because they cannot explain it. Regardless of wanting to or not. Our own unique perspective is built on our own unique experiences - trying to make sense of the complicated situation. The reason I talk about this - is that when you only take snippets of data from one source, or worse, several sources. It's so easy to get confused and mix up your own beliefs. In this current BTC scenario - people are desperate for a bottom to be in. It's all they seek, so when an influencer or educator mumbles the words - bottom, they assume it's to the moon we go. Thus, supporting the personal belief and desire. Every professional trading strategy, requires confirmation. If the expectation is we rise from here - we need logic as to why? if it is we are likely to drop - then, what's the reason for that drop? Over the last 2 years, I have made some of my Bitcoin calls public. There is a lot more behind the scenes that does not get posted, so what you should not do is - read a small percentage of a post or watch the first few minutes of a live stream and dive in. Your missing the bigger picture! This doesn't just apply to my posts - this is in general. This will help you in the long run. You need your own level of understanding for the logic behind the move. I can show post like this back in March this year; And the outcome was as predicated - We grabbed liquidity and dropped seeking a better accumulation range. I've talked about value areas - this post goes back another year... The outcome - For me, it's knowing the "why". The lesson here - is no obtain a bias of your own. Work on that to see inside the move. My view is pretty much as I have talked about this last 14-18 months... We have seen some stopping action. Now you look out for a range - Obvious liquidity in this zone. So this is 100% a lesson and not a call. Now look at the range in detail, you will see a fair value level hidden in there. Same goes for knowing the "why" - as Bitcoin becomes more institutional, it becomes more and more respectful. But as it does, tops and bottoms are still not what your targeting. Look at this from Feb last year from the first rally all time high. Look at the post date. These things are playing a game - it's all about understanding the rules. On the way back up from the low shown in March last year, why would there be evidence for a truncation? This image was the 24th of August. We go on to climax just above the 65k region... Liquidity is the name of the game.. This post is the first in the Liquidity series of posts here on @TradingView Have a great weekend! Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
COINBASE:BTCUSDEducation
by Mayfair_Ventures
27
Trading Setup is very ImportantBest Trading Setup makes money for you in market even you are wrong in Market #nifty #priceaction #priceactiontrading #optionanalysis #banknifty #bankniftyprediction #nifty50 #niftytomorrow #niftyprediction #niftyanalysis #niftyfifty #niftytoday #niftybank #banknifty #bankniftytomorrow #bankniftyprediction #bnkniftytrading #charts #technicalanalysis #crypto #sensex #nse #nseindia #bse #optionsellingstrategy #optionstrading #optionsellingstrategy #optionstrategy #optiontrading #optionsellingstrategy
NSE:NIFTYEducation
by gurubhai
🔥✅HOW THE WHALES ROB YOU: 99% of beginners don't know about it!🔥 Hi friends! In this idea I will explain you a few methods how the whales (big players) take away your crypto and make money. If you want to be on the WHALES side and make money, you need to read this idea to the end. Friends, push the "BOOST"🚀 button so in this way I understand that you enjoy such content and I will make more useful ideas for you. I know you like it! 🔥 So today we gonna talk about the capitulations and how whales robbed the beginners in trading. Also, at the end I show you ONE pattern that help you to avoid this and make money like the BIG player. 📊 Capitulation is the worst moment at the market for an trader, especially a beginner and the best time for a big player (a whale). Capitulation is a period of disappointment for the most players in the market and a massive sale of their own crypto because it has fallen in price or consolidate in narrow range for the long time. 🔥 There are 2 types of capitulation in total: 1. Price-based capitulation. It happens when the price of Bitcoin falls by 60-80% and the most traders start to sell their crypto because of fear to lose all deposit. Most likely, you have already heard about this type of capitulation. 2. Time-based capitulation. It happens during a long, exhausting consolidation and traders start think that it never end. This is happening now, but not many people know how it affects traders. You can see the only ONE type of capitulation on chart. I marked just time-base capitulation because I'm sure that you already know about the price-based capitulation (usually, the global dump). 📊 HOW DO WHALES BUY THE BITCOINS? Imagine that you are a big player who has 100-200 mln dollars. How can you buy such ammount of Bitcoin? You do not have enough liquidity on the exchange to buy a sufficient amount of cryptocurrency with one order by simply pressing the "BUY" button. The max amount of BTC that you can buy for 1 order are about 5-7 mln dollars. When you are buying for a larger amount of money, the price will just make a big shadow to fill your order and you can get an average entry point by +3-5% higher. 📊 Therefore, whales have several ways to buy crypto safely: ✅ buy Bitcoin from one or more large players (other whales, exchanges OTC, etc.) ✅ buy from a large number of small players on exchange during the consolidations Both methods are great for a whale, but usually, if you buy such amount of Bitcoins from another whale, you can pay 1-2% fee , because you can get your Bitcoins immediately, instead of waiting for your buy order to be completed on the exchange. 🚩 Therefore, the best and cheapest way is to accumulate crypto from tired, exhausted retail traders who have no more strength to wait for cryptocurrency growth. ✅ Most often, they place limit orders at one price level or range and the price smoothly fills their limit orders. It is most convenient to do this on consolidation. Below you see an example of whales accumulating Bitcoins NOW. The green circles show the number of Bitcoins that were bought by the whales in current $18,000-25,000 range. It's clear example how the whales accumulate BTC during the consolidations. Of course, they have enough liquidity to BUY because the most of retailers bought BTC at $50,000-69,000 and now lost almost 70-80%. The retailers sold their crypto holdings in panic because want to save this last 20-30% of deposit. The whales have another scenario . They sold at $50,000-69,000 to retail traders and now want to buy crypto at a 70-80% discount. That is how you should do to become the part of the whales too✅ 📊 WHAT HELP YOU TO AVOID CAPITULATION, THIS ROBBERY AND GROW YOUR DEPOSIT? I just want you to show 1 crypto pattern that help you to avoid from losing money and join the whales on the PUMPS. As you can see, after the red marked time-based capitulation the price of BTC make dump (or price-based capitulation). After this DUMP and green time-based capitulation starts the massive PUMP! 🔥 SCHEME: red time-based capituation (#1, 3 or 6) - DUMP - green time-based capituation (#2, 4, or 7) - PUMP 🔥 🚩 I show #5 for you, because this is also capitulation but not related to the previous pattern. Now we see that the Bitcoin price is back in consolidation near #7. If we have correctly determined that #6 as a red capitulation and it was dump after it, then according to our pattern, a strong pump should begin very soon. Now you know only need to find the best entry poiny to your trade and make %%. 🚩 Our automated trading systems will tell us about upcoming PUMP also and we will be able to earn 200-600% from this growth, as it has always been. So traders, today you have learned: 🔥 what are the types of capitulation 🔥 how whales buy Bitcoin and now you know how to act in the most dangerous moments for beginners. Now whales will not rob you for sure 🔥 a new pattern that you can use in your own trading and understand the global trend of the crypto market 💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
Education
by Yuriy_Bishko
7
GOVERNMENT BONDS YIELD. INVERTED CURVEWhat are GOVERNMENT BONDS YIELD? Bonds are Fixed Income instruments that allow investors to anticipate the flow of funds they will receive. What does an inverted yield curve mean? Put simply, this means that short-term US debt is more profitable than long-term debt. Economic theory says that in a “normal” situation, long-term lending should be more profitable than short-term lending. An inverted yield curve occurs when the yield on short-term bonds (US03MY, US06MY, US01Y) is greater than the yield on longer-term bonds (US30Y, US20Y) . This is bad for the economy and worse if it is the United States because it means that they are relying on the economy in the short term since the "normal" thing is that long-term bonds give better yields. Some economists and analysts see in this situation an indicator that a next economic crisis is coming, either in the form of a slowdown in GDP or even a recession.
TVC:US30YEducation
by Ed_Ale
🔥Almost 1 month after the MERGE! WHY ETH DOESN'T PUMP?!Hi friends! Almost a month has passed since the Merge, and Ethereum still has not grown. What is the reason? What are my targets for Ethereum? ✅ As i mention in the last idea, the merge is like the Halving for BTC. A lot of retailers expect the HUGE pump with x10-100 profit. But in the real life it doesn't work. ✅ If a lot of people expect something, it has lower chance to happen. Take a look on BTC after the Halving. Usually BTC start to consolidate for 2-3 month or DUMP for 20-30% after this. The same happen now. It's force weak hodlers to sell their ETH and it's good for the future growth. ✅ My recommendation is to be prepared for strong price movements in the near future. 📊 Preconditions to open a long: 🔥 squeeze to the trendline 🔥 bullish BTC pull the altcoins to the new highs and it`s highly expected. At least local pump to $25-32k 🔥 whales orders to buy on DOM and Footprint scalping tools. They help me to identify the big g uys and open a trade with them 🚩 According to second scenario that shown on the chart, the volumes should grow if the liquidity collection will happen. Pay your attention to this scenario too. 📊 The targets for the long: 1. $1540-1650 - the closest value area 2. $2030 - the key level, vale 🔥 Usually, I recommend you to book at least 50% of profit but according to the fundamental expectations, you can hold this long trade a little bit longer. Especially, if BTC become local bull market. 💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade
Education
by Yuriy_Bishko
7
Why is trading so emotional? In August last year, I published an educational post around Fibonacci. There's also thousands of articles and books available on the topic. But how does it fit with being emotional? Often people talk about Algos, smart money concepts and a load of other terms. All trying to make sense of the market, Fibonacci isn't magical or mystical. It's a set of simple numbers that work - due to humans wanting to see patterns in everything they look at. Here's the article from last year - feel free to click it and go through that one as well. The issue I have when educating people - is there is always a desire to find an automated solution. I keep saying, if algos are that good - we wouldn't have school, doctors or firemen; they would all be sipping cocktails on a beach far away! If you want to learn technical analysis, you really need to dig deep into the emotional analysis. People like Dow, Elliott and Wyckoff (for me, are not technical gurus) they merely understood - human psychology made waves, changed sentiment - the bigger players in the markets know this. It's why most news outlets and websites around TA push writers who only talk MA's and RSI's. It keeps fresh sheep on track. The market is all about liquidity - these levels are created at psychological levels & from there, it's copy, paste, repeat. Take a look at this on the current Bitcoin move down from the All Time High. Swing 1 = 618 of A-B Swing 2 = 100% of the A-B Swing 3 = 100% of the A-B Swing 4 = 618 of the A-B Swing 5 = 1.23 range and 1.27 range of the A-B Then even when you step down a level you can see the move inside the moves looking similar. Local support is 618... When I started posting on @TradingView publicly - I explained why we where seeing value areas and re-accumulation for the first times. These levels were starting to show signs of the crypto space being institutionalised. This is important to understand, as much like Fibonacci levels, the price would now act in a different way to psychological levels. In stepped Wyckoff and you could see from before and after - where and why the price would go. Before Here's the AFTER shot. Lucky Guess? Well - maybe on the way back from the 28k levels highlighted in March, the very same fibs became obvious. If we where seeing Elliott waves form you could therefor measure the fib extensions. This was August the 24th - read the comments as to why the drop was coming (4 move) and why we would likely see the drop just above the old all time high. By October we had seen the forecasted extension levels getting hit - a retest followed this and we dropped. So, like I said - there's nothing magical, it's all about sentiment and psychology. Learn this and you will progress as a trader. Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
Editors' picks
COINBASE:BTCUSDEducation
by Mayfair_Ventures
33
🔥THE VOLUME PROFILE: HOW TO IDENTIFY THE BOTTOM ON BTC?Hi friends! Today i explain you the method that gives you another confirmation that the bottom of BTC is already reached. You will be well prepared for the next BTC bullrun using this method. 📊 What is volume profile? Volume profile is the indicator that show us how many trades (volume) were made at some price. If the common volume indicator show us how many trades were made through the time, the volume profile show us how many trades were made at some price (10-12k, 58-60k etc.). It help to identify the largest support and resistance areas, as well as liquidity gaps where the price PUMP/DUMP🔥 the most. Here is the educational idea with detailed explanation and instruction to the volume profile! 📊 How to identify the bottom of Bitcoin using Volume Profile? This is what we need: 1. volume profile from the ATH to the bottom 2. point of control or POC Point of control or POC is the area where the most trades were made. We marked it as the yellow line at the volume profile. 3. BTC dump for >-50% If the price fell by 50% from the place where the most margin trades on Bitcoins were opened, it means that most marginal traders even with x1 leverage were liquidated. 🚩 Traders with x10 leverage were liquidated at a 10% drop, with x20 leverage were liquidated at a 5% drop. ✅ As you can see it was in 2015, 2018 and it`s happening now. After the 4-6 months consolidations (yellow areas) the small bullruns begin. Will it happen this time? Write your thoughts in the comments. 📊 Why are liquidations important for the growth of crypto? This way the market becomes "healthier" and is cleared of weak hands. At this time, whales can accumulate a large position in Bitcoin or in another crypto. Liquidity at the bottom allows you to buy 10,000-20,000 Bitcoins. For example, over the past week, 60,000 Bitcoins were withdrawn from exchanges. 🏁 How to open the Volume profile? 1. Look at the left side tools in the TradingView chart 2. Choose the "Prediction and Measurment Tools" 3. Tap on "Fixed range Volume Profile" That's it. ✅ Traders, every strategy has it's win rate. This one have the 100% win rate. If some patterns work very good for the couple of cycles, it can be changed with the times and market sentiment. So be carefully. Now the world economy has a not the best market conditions, but we get a lot of positive signals. Take a look at the Greenwhich indicator which also already confirm the bottom. Previously it help to sell BTC at 60-63k! 💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade
Education
by Yuriy_Bishko
12
do NOT do this !a very obvious visual but necessary to share, I don't want any of you to fall into this madness of praying for a trade to work this is a reminder to not fall into FOMO trading to counter this, you need to remind yourself about the type of trades you are into, are you in an intraday swing, are you on a big swing that could take weeks or months to happen ? then, lower your expectations and place a partial TP at 50% of your expectations and then, move stop loss to stop gain This will make a big difference in your PNL, in your trading perfomance That's what proper trade management is
BITSTAMP:BTCUSDEducation
by kaiju_crypto
🔥The LAST hope for crypto: why DXY may pump BTC soon❓Hi friends! This educational idea about the dollar index and entire crypto market will be really usefull for the beginners and the experienced traders also. I`ll explain you several fundamental and technical reasons why and when BTC ans other crpyto will start rise. You can also use it in your trading to identify the global trend and open more succesfull trades. As far as you may know, ✅the stronger the dollar index (DXY) the weaker all global assets and vice versa. This means that when the index rises, most stocks, cryptocurrencies fall. When the index falls the most assets grow very fast, especially such volatile ones as 🔥crypto: Bitcoin, altcoins and 🔥shares of technology companies: Tesla, Meta, Apple, etc. But when actually BTC and other crypto will start it's rise and you can open your best long trades❓ I explain you this in the both chapters about fundamental and technical analysis. ✅ Fundamental analysis Now the dollar index is strengthening amid the Fed rate hike. This means that we have to wait until the trend reverses and the dollar index starts to fall. After that BTC and altcoins might start it`s new BULL MARKET. 📊 When the dollar index (DXY) starts to fall? The dollar has strengthened significantly against other currencies in the world (pound, euro etc.). This is caused by the latest rate hike to 3.25% and expectations for an increase to 4.4-4.75% by the end of 2022. The stats for traders who want to understand how the growth of dollar index (DXY) affects other assets and currencies: 🚩The Euro is at 20 year lows. 🚩The Yen is at 24 year lows. 🚩The Pound is at 37 year lows. 📊 Do not be surprised that Bitcoin fell so much🔥, because according to the latest data, even the institutionals (big players) also scared and opened the biggest hedge positions since 2008. 🚩 It can be assumed that from the end of 2022 or early 2023 we can see a global reversal of ALL markets, including crypto depends on FEDs rate hicking end. ✅ Technical analysis 📊 14 year channel on DXY Pay attention to point #4 on the dollar index chart. This is where the global uptrend for DXY and global downtrend for BTC began. The strongest dependence! 📊 When to open a long trade on Bitcoin❓ The end of the rate hike by the end of 2022 coincides with the technical analysis on the dollar index chart. The index is now at point #5, which is the upper boundary of the channel and the srongest resistance for the dollar index. It is worth adding that this is not just a channel on the 5 min chart, which globally has no significance. This is a huge 14 year channel (‼️) on the weekly chart, which the price will test for the 5th time! This is a powerful signal for a reversal and resistance for the price. 🚩 The higher the timeframe, the more traders see it and, accordingly, the greater the price reaction on it. Montly>Weekly>Daily>4h>1h>... 🔥We can expect the index to fall from point #5 or at least partially consolidate at these levels before falling, as it was back in 2017 (or point #3). This can pull the price assest including BTC and altcoin to the new ATH. 📊 BTC global bottoms. In addition, the reversal of the dollar index coincides with the formation of Bitcoin's global bottom. Bitcoin began 3/4 of its bull markets with consolidation at the bottom, which is happening now. 🚩 Of course, local manipulations with the collection of liquidity below $17,000 are very likely, but even now you can start to look for a good entry point in the trend reversal. For example, it may be the pattern of higher lows and higher highs, which is characteristic of a bullish trend. ✅ I use much more advanced trading systems to identify the best entry points and open trades either short or long, about which I write my ideas on TradingView, but this pattern will definitely help both beginner and experienced trader to earn more. Traders, will you use this analysis in your trading❓ When exactly do you expect the global bottom on Bitcoin❓ Let's discuss it in the comments. 💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
Education
by Yuriy_Bishko
22
📊How to use BTC reversal to open 1:20RR trades❓Hi friends! Today i`ll show you the new NEW Bitcoin pattern which appear 1-2 years ago. You will see how it works and be able to use this pattern in your trading. It seems that you will need this knowledge soon, so read to the end and write comments if it was useful for you. As we can see on the chart this pattern appear when the clear trend is come to an end and some consolidation starts. ✅ When bulls or bears start to lose their strength and liquidity collection starts to more and more often. 📊 What is the liquidity collection❓ Liquidity collection is a deliberate manipulation of whales (big players) when they push the price above or below local highs/lows in order to trap the traders who open the trades on the breakout of these levels (high or low) with limit pending orders. Liquidity collection can be either a "spike" or a false breakout of the key level. ✅ The examples of liquidity collection: 🔥 $62 000, 14 Apr 21 - short 🔥 $30 000, 21 Jul 21 - long 🔥 $67 000, 9 Nov 21 - short 🔥 $17 600, ??? 22, long 🚩 A lot of local examples on lower timeframes, but i showed you only most clear of them. 📊 How to open a trade and get a max profit? Look at the examples on the chart. 1️⃣ You need to identify local highs or lows and wait for a false breakout. 2️⃣ Open the trade after the price closes above the level (if long) or below the level (if short) and place a short stop loss above or below this key level. 3️⃣ Close a trade with 1:20-40RR. 🚩 Sometimes you can get 2-3 sl but in 1 trade you can make 2-3x and cover all loses. ✅ Now the BTC close to it`s local lows and liquidity collection below the $17 500 key level is highly expected. For example because of today FED meeting. 📊 On what timeframes can you use this pattern? You can use this pattern on larger (1h-1d) and smaller (5-60m) timeframes. For example, you don't need to wait long for local highs or lows to use this liquidity collection. I use the liquidity collection for scalping on smaller timeframes (5-60 min). Also, use it for the swings on 1-4h. So you can also earn using this pattern on different timeframes. 🚩 DOM and Footprint are the tools that helps me to identify the big BUY and SELL limit orders of the whales. Especially it helps to open a profitable trade on such false breakouts, when i see the huge limit wall above or below the key levels. 🔥Traders, is this idea was usefull for you? Write in the comments! 💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
Education
by Yuriy_Bishko
1
The News Just Serves To ConfuseI have been a trader for a very long time, so listen as I spit some facts. News is worse than a distraction, it ACTIVELY inhibits you from making good decisions. You have TradingView at your fingertips and it contains all the information you need, in a package so advanced it's frightening. STICK TO PRICE ACTION! I will say this again at the end. I am 100% certain that I only started to be successful after I stopped DIRECTIONAL trading based on news. Of course, I know the broad mass of what's going on in the markets and which news events may have an effect. I haven't stopped listening to and reading the news, but I HAVE started to see it all differently. You can see from the chart that all the recent "Shock News" has no real impact unless you are a day trader. rate decision, statements, unemployment, blah blah.... I am not saying that news is not important, I'm saying that you need to translate it and to be aware of why it is written. This probably sounds like a weird thing to say, but hear me out. Do a memory check with me. When was the last time that the news was all positive about bitcoin? Answer: At the top and on the way down, when the big boys were selling it to naïve retail (like you, probably). Now we are at the bottom, all the news is negative on BTC. I wonder why? (HINT: They want you to panic out so they can buy.) There are three possible reasons for this. 1. The writers are dumb. They are part of the retail crowd themselves and are therefore subject to the same impulses, fears and hopes. They get carried away when things are pumping, and drop into despair when the markets plunge. 2. The whole industry is driven by the big firms, who obviously want to make as much money as they can. Retail traders are, on average, so bad at trading that brokers don't even put their trades into the market, preferring to risk taking the other side themselves. 75% of retail traders lose money. 90% of retail traders will lose 90% of their first trading account in the first 90 days. If I were a broker I would take the other side of those odds, thanks. All I have to do now is make people trade as much as possible. I get commission, and I probably get their stake as well. How to make people trade as much as possible? PUMP OUT NEWS THAT TRIGGERS TRADING. 3. A combination of 1 and 2. The financial industry, from megabanks through to news services, gurus and brokers, is set up to excite people about trading as much as possible. There is constant pressure to provide reasons why oil rose 5% or SP500 dropped 8% etc etc, and even on slow weeks the sheer amount of stories that are published is mind-blowing. The writers are unlikely to be traders themselves, and they just pump out stories based on what happened yesterday and what MIGHT happen today. It is all designed as a massive call to action that is constant, and traders just like you open (and close) positions based on "market analyst" pieces written by economists and professional analysts employed by the brokers. Are you beginning to see how it all fits together? The industry LOVES a day trader most of all, because they lose their stake the fastest, so day trading is promoted as exciting. After all, it IS exciting. Trading gives you a buzz. It's addictive, possibly more so than gambling. It is gambling after all, only slightly different, and if you trade like a gambler, you lose in the end. So, how do I look at news? 1. If trading short-timeframe, I am aware of figures that are due this week, and avoid holding a position coming up to an announcement, and for a while afterwards. 2. If trading medium- to long-term, I remember that the non-farm payrolls may move the market a few percent sometimes, but when you zoom out you can barely see the effect. As a result most of my trading is swing trading. 3. I regard it as a reverse indicator if anything. It never ceases to amaze me when I am thinking about taking a long in, say, Gold, and then an email hits my inbox containing a bearish Gold story. I don't think I am becoming QAnon but I do think these stories can easily be planted by the big players. What journalist doesn't want to write a story after they interview some "master of the universe" trader from GS or JPM or wherever. Or maybe the boss says "write a Gold story today", so they call up their contact who trades it for a bank. Same effect. The banks are in buy mode, and they need retail to sell it to them. If this sounds like I think the whole thing is a colossal rigged casino, then I am getting my point across. News is just a part of the effort to separate you from your cash, but it's doing a great job. So, what to do? 1. Trade on Price Action only. 2. Be aware of news in case it affects a trade you may place or one that you have on, 3. Understand that nearly all news is designed to make you panic in or out of a trade, and regard it VERY cynically. It can be hard to remain calm in the face of a negative headline, but that's what a good pro trader will do. Currently I am long BTC, despite huge negative headlines. Once again, repeat after me: You have TradingView at your fingertips and it contains all the information you need, in a package so advanced it's frightening. STICK TO PRICE ACTION!
Editors' picks
UEducation
by Paul_Varcoe
122
RSI Crash Course - Why Most People Get REKTHere is a quick crash course on how I use the RSI along with Elliott Waves. - Using the 20, 30, 40, 60, 70, 80 levels within the context of the trend to spot entries - How to spot uptrends and downtrends with support and resistance - How to spot big 3rd wave moves - Using divergences to spot the end of a trend This can be used on any time-frame but I just use it on the daily for this example Like anything in trading, the RSI is more complex than most people first suspect. However, I hope this tutorial simplifies it enough for you to improve your trading P.S. Video cuts out part way into my example, but you get the full tutorial and setup on how I use the RSI Hope you have a great day trading, Tchau
Education
by joshuashepherd877
What is BitcoinLet’s start with a very simple description of Bitcoin…. Bitcoin is a decentralized digital currency, based on an open-source software design, that is used to transmit value between pseudonymous users. All transactions, after being confirmed by miners using PoW as the consensus mechanism, are stored on a distributed ledger, called a blockchain. Changes to the blockchain are append-only and are synchronized about every10 minutes across thousands of nodes located all over the world over a P2P network. All information stored on the blockchain can be viewed publicly, in real-time. Cryptographic techniques such as public-key cryptography, hash functions, and digital signatures are used to keep the blockchain secure and immutable so it can be accessible to everybody but hackable to nobody. Got all that? But as you can clearly see, the crypto world is full of technical jargon ! Jumping into crypto introduces a large number of terms that most people will be unfamiliar with. The crypto world seems to have its own language and those wishing to learn about the topic can quickly become overwhelmed with all the jargon, acronyms, and other technical terms. But if you really want to understand cryptocurrencies and how they are different, it’s really important that you do familiarize yourself with certain core foundational concepts. My goal is to cover terms and phrases that you may initially not know, but do need to know. Together, we will blast jargon into smithereens so you’re able to easily speak the language of the crypto world with ease.
Education
by parissap
10
Stop Loss Alone is not Risk Management - What is Your SystemTo be successful, you must develop consistency in your trading. You can achieve this by creating a system to trade. One that provides an edge to fit your lifestyle and personality. Discipline is required to stick to your system so that you can measure results (wins and losses) over a large number of trades. A simple journal helps you to measure your trades. This provides edge and success unfolds over time, requiring a strong mindset to create, adhere and measure. Goals are achievable through steps that are part of the process. Things to consider when developing your system are: Market Phase, Price Structure, Areas of Value, Areas of Entries as well as Exits, Multi Time Frame Analysis, Trend Lines, Support and Resistance, Dynamic Support and Resistance etc. Pro Tip: Trade clean and don't clutter your charts. Trade around a couple of levels with a single indicator. Be PATIENT to let trades come to you once you have made a trading plan. And when the market enters your zone, be READY to take action and trigger your entry based on rules. If you're a new trader or a struggling trader, feel free to reach out and ask me a question. If you liked this idea or if you have your own opinion about it, write in the comments. The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
Education
by imr4nkh8n
Key levels and why, then how to spot themI've written several articles around various educational topics here on @TradingView all of which have their individual application and use case. This latest post will go into how you can identify key value areas, or what I like to call "Auction areas". In essence these are areas or zones where Dumb money becomes active, often at highs or lows & usually in the wrong general direction. You only have to look as far as this guy and nearly 2 million followers - buying the ATH's of Bitcoin last year. In December 2020 I wrote an article on Bitcoin here & why it was starting to show signs of becoming institutionalised. And slowly set the path as to why we are then likely to see "Value areas" being formed. In Feb 2021 I followed this up with the identification of a value area. As you can see; this is how powerful these levels become These levels are only part of the bigger picture - but you will see how and why they are relevant, how they can be used to find both highs and lows - as well as giving a larger picture bias on the general direction of the move. ================================================================================== Now you have a little context. To understand why they work, you need to appreciate, what they are - As I mentioned above, these are zones where Dumb money get excited! It's as simple as that. Many indicators are designed and shared to mask true market cycles; people will spend years trying to find the secret sauce. However, things like Bollinger Bands, MACD's are only fuelling the dumb money machine. Take Moving averages for an example - if we have an aggressive uptrend, you should expect a sloping moving average. With a few buttons and presses in the settings, you can edit a moving average to fit the chart. So strip it all back. What you are looking for is, areas of consolidation - these areas are indecision zones where buyers and sellers are actively seeking value. These levels create the foundation of the value area range. This can then be used alongside liquidity pockets and used to enter or exit trades. Click this image below and see the levels get tagged, this is due to the collection of Dumb money stops & entries, followed by a reversal into the lower liquidity area. Ok so how are they identified? Well, first of all you have consolidations; these tightening ranges of price will highlight the auction has began, we now have both buyers and sellers active. As you can see in this chart above; we have two large areas to the upside of untapped liquidity... Zoom in and you will see heavier zones whereby volume was heavy, but price hardly moved - this is a hint towards liquidity sitting there. If you apply a simple tool like "Fixed range volume" you will see the profiles are concentrated around these levels; hence acting like a magnet to price. ----------------------------------------------------------------- A great example of this was to use the levels created, in conjunction with Fibonacci extension levels to spot a potential zone for the upside (into unchartered territory) of Bitcoin's new ATH. This was clear as early as August, we would tag the old liquidity levels and plummet back below 40k very quickly. The levels are useful, especially when combing with other techniques such as Elliott, but when you apply Fib's and can spot key extension levels; it's a lot more likely to be pulled towards such levels if there is a consolidation cluster. This is merely "Dumb Money" value areas being bought and sold. Optimal for institutional players, or as Richard Wyckoff called them "Composite Man". Looking at COT data and knowing the levels - meant we were 100% less likely to see $135,000 in December last year; CM was selling into the retail crowd. ============================================ So now you can see areas of interest, these levels are permanently set - although they become weaker over time, they still represent value for both buyers and sellers and are likely to become support and resistance at later points in time. There are several strategies and methods to use this knowledge, some of which I will post in later posts. But I would advise you go away and try and spot some of these levels on other charts. Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
COINBASE:BTCUSDEducation
by Mayfair_Ventures
10