The explanations are in the chart. PS. this is just a theory, obviously, but i wanted to share it anyway. I hope you like it.
The 3rd chapter in a series. How the Story of Bitcoin is unfolding since Institutions entered the cryptocurrency markets. BITSTAMP:BTCUSD SENTIMENT -/+ 2/6 = Senate Crypto Hearing = + 2/9 = CNBC signals BUY to Public = + 2/11 = AZ Passes Bill To Allow Tax Payments In BTC = + 2/12 = JP Morgan Cryptocurrency prediction report = + 2/14 = Congress CFTC...
The candle close rule sounds simple but it very effective. In this video I explain what it is and how it can save your trading maybe as well :)
CADJPY has a positive correlation with stock market prices
I'm exploring the psychological torture of managing equity gains - mostly in trend-following. I shall not go into methods. I wish to distinguish trend-following from trend-continuation trading. Those who do not know the difference can read up on the net, or start here . At the outset traders will have watched their positions move into much positive equity in a...
Cryptocurrency’s Calculation Problem: Why Most Investors Are Trading Incorrectly Cryptofam, we have a problem—one that has gone on far too long. A problem that is arguably responsible for most of the dumping in the alt coin market in the past and as I’m writing this post. It is a problem of perception, and one that exchanges are partly responsible for...
Ethereum Classic Wyckoff Accumulation and Distribution full cycle.
We are seemingly heading towards a bear trap after a succesfull bull trap. $6.9k level will be the deciding point for this battle...Should we slide to $5.9k and below, we are gonna be looking for a bottom...who knows where that may be, but it's not in the 5's i'm afraid.
Update to market cycle analysis with known patterns for educational purposes from the bearish perspective. It has to be noted that, what comes from this hour on forwards, could be well depended also from the macro forces on the market ( BTC 1.39% movment, and roadmap). Start from the Pink text box and work your way down. I have charted down - few parts of...
The strategy is the easiest to understand and gives a good percentage of positive signals, consists of three of my scripts that perfectly complement each other. On average, it gives about 20-25 signals for one currency pair per trading day. Saami working timeframe 5 minutes. Martingale or Fixed transaction amount to choose each personally, I use martin up to...
There are two Trader categories: one wins and one loses, and if you do not use a stop loss , you are a predestined loser* (C.R.) That said, when you decide to enter the market, the first thing you need to define is the stop loss position , only after you have done so, and you have calculated the correct size, you can take position on the market. Consider that a...
In this video I try to illustrate what happens following Parabolic Price Action (when price goes vertical up or down). In this example I show the initial move up in BTC and then roll price forward to the most recent move up in BTC. Both vertical moves were followed my reversals. Moral of the story is when price goes Parabolic (up or down) expect a correction.
Bitcoin price holds above 8080 trend line support, and 7680 pattern support two resistance levels that prove to be strong for now to hold the price in place for resurgence. Breaking the levels price poised to revisit low 6000s again. Mt.Gox influence still visible. Caution!
A lot of traders posted on march 3rd : " CUP & HANDLE CONFIRMED" !! Where is it now??? Well, market does not care about some picture that some guy invented. I think Market is not a picture, but a movement. This is why, "THE MOVING WATER" was born, my strategy, and does not care about these trading pictures. What do you think?
Recently I participate in an analyst competition, and I got eliminated in the trading sections. Having an established trading system and strong mindset doesn't mean I make profit in every single trading days, as everyone would agree. That's why we need a daily risk ceiling, if hit, we don't trade anymore,which is called being "locked out". usually 6% (2% per...
Hello, let's run over an analysis of the ETH and that's going to be an amateurs understanding and pattern recognition. Along with a few other treats, the legendary Bollinger Bands. Plus, I'll throw some lines in there to look official like the almighty poop cannon. www.tradingview.com SO, everytime this sucker drops below 30, we crash and burn. And we just need...