Get started

BTC-D

🥇 How We Use Our Strategy With Split Times. (Trading Strategy)👋 Hello, I hope everybody is having an awesome week with their trades! 😁 We here at MLT | MAJOR LEAGUE TRADER want to walk you through our time split system with the crossover strategy and the ema dots indicators. Let's take a look... So what we will be using in this example today is USO (United States Oil Fund) Top chart (12 Hour Timeframe) Bottom chart (1 Day Timeframe) All markets have trends and at the end of the day your job as a trader is to play the accumulation or the distribution zones aka turning points in the markets to ride the next trend. We use this color coordinated system to help identify when a turning point is taking place in whatever market it is that you're trading. You can apply this method to any chart timeframe. If you want to scalp the 30 min, then you would have a 30 min chart and a 15 min chart. Split the gimeframe that you are focused on playing. We use the split time for an earlier confirmation play to lead into a larger timeframe to secure that early entry for the bigger swing to confirm and play out. We also will use the split time to exit the trade when we get the sell confirmation. (Long / Short | Buy / Sell) Now let's talk about the process... Green represents an uptrend. Red represents a downtrend. When the 12 hour timeframe on top closes we will get either a green or red candle / ema dot close. Same with the daily chart on the bottom. Simple... So what we look for is the early entry on the 12 hour. We want the candle to turn green, preferably a doji. (Candle that looks like a plus sign, tight price compression) We want it to close green candle and all 3 dots below to align green with the close. If only 2 dots out of the 3 are green we do not enter! Same concept for red. We will get the signal for a buy on the 12 hour before we do on the daily meaning that we will secure a better entry price vs just using the daily by itself. Once you get confirmation on the 12 hour we hold that position and set a tight stoploss in case if it was to sell off. Once you take the buy you place your stoploss, diversify your funds and let it play out. If you get stopped out than you get stopped out. Take the trade and let it play out. As the 12 hour begins to close every 12 hours you will either see it start to form bigger green engulfing candles which shows buyers are pushing up the price, which is a good sign for your buy or you will start to see it shift towards going red which would obviously represent a sale or a short position. Your job is to play the turning points in the markets and play that turning point range till you capture the next move. Markets go up and down, they don't stay sideways forever. Risk a little on stoploss in the range play and ride the next long term move. Trading is a game of probability and risk management. Even if you don't understand structure, support and Resistance or all the more advanced tools of the trade this will help make it easier on you to understand as a trader. SIMPLE IS BETTER! 👍 I have drawn vertical lines to represent where the buys and sells all lined up from the candles to the dots. Those are your opportunities to enter on the 12 hour. Now if you look below you see that the daily actually stayed green from the very start of the first trade taken at the bottom of the trend on the 12 hour. The dots on the daily never closed red until the very top of the trend where we finally got all red to line up. That's another option to consider. You can use the split time to take more opportunities and trades for potential of trend changes. Or you can buy the first line up on the 12 hour and hold it till the daily is actually aligned red for a much larger swing trade position. If you did the second option you would of generated around 50% in gains from just one trade! I hope this helps anybody that is struggling with trading and wants to learn how to get early trend confirmation on a specific timeframe that you want to trade. Swing trade or day trade any market with this strategy! You can message me if you have any questions that you would like to ask. Please don't forget to smash that like button! ✌😁✌ Have a great day, Take Care! 🍻🍻🍻 🥇MLT | MAJOR LEAGUE TRADER
AMEX:USOEducation
by UnknownUnicorn2319099
6
Bitcoin | Ascending Triangle & EMA50..!!BTCUSD (Update) In Daily Chart, Bitcoin forming Ascending Triangle Pattern. Daily EMA50 acting As Strong Support (Tested 3 Times in last 34 Days) In Bullish Case, If Resistance (10.4k) got Cleared, Next Stop Would be 11666. If Ascending Triangle & EMA50 (9.1K) Broken Down, then Bitcoin Might Test the Major Support (8.2k) By the Way, Volume has been Decreasing Since 10 May (Halving Hype), Big Move Ahead So Be Ready for Both Bullish & Bearish Scenarios. What We Do Now ?? If You're Holding Bitcoin, Set Stop Loss Below Daily EMA50 (9105) & Wait for Triangle Breakout..!! In Longterm, Bitcoin Might Retest the 6666 Area Before Triangle Breakout, Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!! Thanks for Your Love & Support..!
BITSTAMP:BTCUSDEducation
by Faibik
2
BITCOIN Retest of $8,000 - WYCKOFF DISTRIBUTION Tutorial Now, I wanted to take a look at something here. I am new to using the Wyckoff Method for the distribution phase of a chart's characteristics, So this for me is a lesson in time, I want to see how well our charting and recognition here actually come true. In this area, there are Phases A-E A fantastic write up here about this type of charting pattern. medium.com Quoted Misconceptions There are a lot of misconceptions around distribution but not quite as many as with accumulation. I imagine this is because people are naturally more bullish than they are bearish. The major misconception usually occurs with assumption that an asset that has been in a strong uptrend will automatically enter a period of distribution at its “top.” A little like accumulation (when a coin has bottomed) the first instinct should be to look for the Wyckoffian concept that supports the continuation of the trend. You should be looking first and foremost for signs of reaccumulation with a check on distribution. This is one of the primary reasons I enjoy charting with Wyckoff so much. It allows me to follow the trend and chart accordingly, but at the same time it forces me to check my bias and prepare for an option that may cause the end of the trend in the short, medium or long term.
Education
by Arcane-bear
2
Bitcoin | Ascending Channel & EMA50..!!#BTC (Update) Bitcoin Has been Moving Between 8.4k-10k Range from last 36 Days. (forming Ascending Channel) At the Moment, holding the Channel Middle line (9.6k Support) & EMA50 (9464) Now, there Are two Possible Scenarios..!! - In Bearish Case, If Bulls lost the Support, It Might Retest the 8.8k Area Support. - In Bullish Case, It Might test the Major Resistance (10k Area) Again, In Case of Rejection, There is a Possibility of Triple Top Formation 📉 Bitcoin CME Future Closed at 9800..!! Expanding Triangle Formation..!! According to Expanding Triangle, Big Move Ahead (Higher High or Lower Low) In Weekly Chart. Bitcoin Facing Longterm Downtrend line...!! In Weekly Candle Closed Below 9.6k or Trendline, Expecting Bearish Wave for Midterm. In Case of Trendline Breakout, There is a Possibility of Bitcoin Bull Run in Coming Days..!!| Waiting for Weekly Close 😎 Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!! Thanks for Your Love & Support..!
BYBIT:BTCUSD.PEducation
by Faibik
6
Bitcoin | Expanding Triangle & Crucial Support..!!#BTC (Update) In Shorter Timeframe, Bitcoin Forming Expanding triangle Pattern...!! 3 Days ago, Bitcoin tested the 10.4k Resistance (Higher High) but Rejected it. At the Moment, Holding the Crucial Support (9.3k) But Big Move Ahead. Now There Are Two Possible Scenarios.. 1- If Bulls lost the Support, Bitcoin might form Another Low (Might test 8k Area) 2- In Bullish Case, If Bulls Held the Support & Bounced Back 📈 , It Might Test the 10.6k Area (Major Resistance) Be Ready for Both Bearish & Bullish Scenarios..📌 In Weekly Chart, Printing 9th TD Bearish Candle & Still Below the Major Downtrend Resistance 📉 If weekly Candle Closed Below trendline, Bitcoin Might Crash Again in Coming Days..!! Another Weekly View...!! Expecting Bearish Wave before Triangle Breakout... (6666 then 19191) Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!! Thanks for Your Love & Support..!
BITMEX:XBTUSD.PEducation
by Faibik
5
Bitcoin - The Ugly Truth About Crypto and Unregulated MarketsFirst, I would like to say that I am a believer in Bitcoin. A quick summary of my belief, Bitcoin is like the English language. Not perfect and has many flaws, and I'm sure anyone can create a better language if given enough time, but Bitcoin is the language everyone in Crypto talks and it will be hard to dethrone the king. Bitcoin is enough, even if the cost to transfer it goes to $100+, it still serves the main purpose of crypto which is the ability to transfer medium/large sums of money without borders or regulation to anyone that accepts Bitcoin. No one can tell you no. It is not ideal for small purchases such as coffee, but fiat is all anyone needs for small purchases and there is absolutely no point for small shops to accept crypto currency as a form of payment. Sorry BCH believers, you have a better coin, a better language, but it's not enough reason to switch. However, it's the Bitcoin / Crypto markets that are corrupt. They are not regulated, which many see as a good thing, but it is absolutely the worst thing that can happen to crypto. Unregulated exchanges mean unlimited supply of Bitcoin. Exchanges, depending on their jurisdiction, are allowed to sell Bitcoin they don't even have. For American and other common wealth country based exchanges, this is still fraud and illegal, but in countries like Hong Kong and small safe haven islands, it's completely legal and no one can do anything about it. On top of that, exchanges like Bitmex don't even claim to have Bitcoin, they let people buy and sell contracts on their exchange that are not backed by Bitcoin. Future contracts are the same, they are not settled in Bitcoin, they are settled in fiat. So with an unlimited supply of Bitcoin on the market, every exchange in a safe haven jurisdiction is like the federal reserve in America, they can print paper Bitcoin whenever they want and on one knows how much fake un-backed Bitcoin is being traded. Something to take into consideration when trading Bitcoin and betting long term on the price.
BITFINEX:BTCUSDEducation
by ttrending
16
BITCOIN | BullRun 2020 Ahead..!!BTC/USD (Update) In Weekly Chart, Bulls Facing Crucial Resistance (9.6k) If Bulls Cleared the Resistance, Expecting Bitcoin Bullrun in Coming Weeks.📈 If Bulls Failed to Clear the Resistance, Bitcoin Might Retest the 6k Area in Late June..!! Volume has been Decreasing from last 4-5 Weeks, While Bulls Need Power to Clear the Resistance. I think Bitcoin Might form another Lower High before Breakout. (But We Should Wait for Clear Direction, So far There is no Sign of Breakout or Reversal) In Weekly Chart, Bitcoin Printing 9th TD Bearish Candle & Facing Major Resistance as well..!! If Current Weekly Candle Closed Below Resistance (9.6k), We Might See Bearish Wave in Coming Days. In Shorter Timeframe Chart, Bitcoin has been forming Triangle But Not Completed yet, Expecting Tiny Bearish Wave towards the 9k before Breakout..!! Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!! Thanks for Your Love & Support..!
BITFINEX:BTCUSDEducation
by Faibik
26
$BTC : Dominance chart, why its useful?The BTC.D Chart shows the total % of the Cryptocurrency market cap that BTC holds, why is this important? When BTC Dominance rises, that means money is flooding out of altcoins and into bitcoin, usually in highly volatile times. When BTC Dominance consolidates its a sign that money is moving is flowing between the altcoin and bitcoin markets and this is the best time for you to be trading altcoins. Some things to note about the BTC Dominance now on the weekly: -Strong uptrend (Parallel channel and painting flag structures) -Possible elliot wave structure, we still have 1 wave left -RSI Above 50, but turning down -Still creating higher lows on the smaller and higher timeframe trends -Flipped resistance right next to a golden fib -Double bottom pattern All these bullish signs are dangerous for alts, if it closes above 70 i would beware. But on the positive sign: -Many alts are positive lately, showing higher lowers and are very close to nice bounce areas like orderblocks/golden fibs -We are consolidating with a slight downwards angle -We just had a small pump and wicked down instantly off the OB/0.5 fib could be a earlier sign of rejection -The pump was a breakout of the double bottom pattern but we are back under the neckline now, if we start to consolidate above it or bearish retest under it maybe alts can get some love -Daily RSI is under 50 So pay attention and understand that if BTC moves up your alt trades will quickly go under, if it continues to dump off a bit and consolidate then alts can get some love! Click onto my main profile for 4 current altcoin ideas: RVN QNT XTZ ICX
CRYPTOCAP:BTC.DEducation
by Worth_The_Ri5k