Here I'm looking at Lunyr. Lunyr is ranked number 226 on Coin Market Cap with a market cap of $37,315,296 USD or 2699 BTC. I consider everything below 50 million USD small cap. Coins like these are the most probable to do another 10x, but for bigger alts, I don't think that's possible anymore. In the next post I'll explain why. (1/2)
Many a trader will have made their best analysis based on information at the time and then taken an entry position, only to find that the market does something unexpected. Price may move violently in the wrong direction i.e. not the favoured direction and comes close to a stop loss or actually stopping out the position for a loss. Now with hindsight a trader feels...
COT report stands for Commitment of Traders report.
It tells us about where the Big Boys are placing their ‘bets’.
The COT is published weekly on Friday and reflects Tuesday’s data.
Practical Exercise
1) Refer to the COT report data given below.
2) Write down your interpretation of the data.
3) What are your observations and what they mean to you as a...
Practical Exercise
1) Think of a past scenario where you acted impulsively in your trading and suffered the consequences.
2) What was the psychological issue that triggered the mistake?
3) How can you avoid future occurrences of this mistake?
4) Share in this thread.
Distribution of Information Over Time.
This is Logarithmic Curve describes how information distributes between people over time (also describes population of rabbits).
Zero point (0) — Point where Somebody knows the information
Mid point — Point where Lot of People knows the information
Top point (1) — Point where Everybody knows the information
As you can see this is a 4hr chart with a Moving Average strategy custom script. I find that altcoins tend to have rather long and drawn out market cycles so I decided to customize this script to trade off the 4hr chart. One key element that makes the backtesting turn out heavily in my favor is the trailing stop setting that is very unique to this particular...
Let me show you a great feature in Tradingview that allows you to analyze currency strength and compare different markets.
By setting up a currency strength chart, you can find out which market is leading, who is the strongest mover and which market is the worst performer.
This can help you with market selection and also help you understand what is going on in...
One of the many issues beginners face when trading ALTCOINS, is how to split their money.
Where to invest? How much to invest? How long to wait?, etc.
It happens that in this market, the cryptocurrency market, opportunities are endless, and we are bathed with a wave of new opportunities all the time, everyday, but this can turn into
a problem rather than a...
Just want to share this strategy and give a huge shout out to Sharview for this awesome script. If you guy/gals are down to learn and want exclusive access to awesome scripts I highly suggest you swing on over to Shareview discord discord.gg where anything other than excellence is not an option nor a matter of discussion. Good luck to all with there dips and flips.
Here is a quick update on Bulletproofs and their role in Monero. Bottom line: they're awesome, they work, the fees are lower, and they're moving into testnet.
Monero's confidential transactions hide the amounts involved. To ensure that inputs and outputs balance properly in a way that can be verified by anyone, we use commitments that have useful algebraic...
This is really interesting, so I wanted to throw it out there… BTC rallied last night and almost came up to 13k, yet the other ‘major’ cryptos stayed pretty quiet… Relative to recent price action, this is very strange as we have often seen them all rally together.
This could be a good sign for us as it is showing us that LTC and ETH may not be so vulnerable to...
The currency pair you trade (BTC/USD, BTC/CNY, etc) does not need to be a habit or a consequence of nationality, but a decision you review at least once a year. Bitcoin makes it easy to change your instruments and broker/exchange. The most commonly traded pairs are BTC/CNY (Bitcoin/Chinese Yuan) and BTC/USD (Bitcoin/US Dollar). Most banks and merchants accept...
Break Hook Go is a candle pattern of several candles not just one candle. Here is what it looks like on this EURUSD trade. The bearish breakout did not complete the break-hook-go (B-H-G) and failed. The bullish breakout did have a B-H-G. There was a green breakout candle on the 15m chart. The second green candle had a bearish wick for the Hook (pullback) then it...
The end is near!
But it will not be, what many say about a massive devaluation ... No! It is impossible, the behavior of "rational" individuals will always make their value remain high. Now, why do I say the end is near? Pitifully Bitcoin, is no longer a change merchandise and is now becoming a hoarding merchandise.
I give you an example; Today you have a...
Hey Guys!! I really want to know what you think about cryptocurrency. Do you see it as an investment opportunity only, or do you use crypto as much as you can as currency on your day to day life? Many people are starting to see bitcoin as a big investment opportunity, but wouldn't it give it more value if people actually used it as a currency rather than just...
As far as we all know, Trading - its sum of probabilities!
The best combination to use "standart" technical tools and price itself.
As we can see using this two methods its easly to spot the KEY LEVEL ( which are very strong).
Tnx tradingview for the tools avaliavle here :P
