Hello my friends !
This education lesson is more for beginners, as I am too.
Many new people have no clue about analysis, as begining. I did same mistake.
ICX , or ICON now reach strong support at 4h timeframe. Its decide-point, which direction will continue. I like to share my approch.
Usually, I just change chart to smaller timeframe ( here are2 hours...
Three likely scenarios for bitcoin within the next few days.
Scenario 1: To turn bullish again, bitcoin needs to break the falling resistance around 9100. This will get bitcoin out of the falling channel.
Scenario 2: Bitcoin touches the resistance and crashes hard as the previous two lows. If bitcoin breaks the 6k resistance, the next stop is 4k and that would...
What is 'Divergence'
Divergence appears on a bar chart when the price of an asset and an indicator, index or other related asset move in opposite directions. In most of time DVG have 3 peak, or bottom,. 3rd is considered as confirming.
Best indicators for look DIVG is MACD, CCI, RSI, also clone of MACD is Awesome Acs. Best and most confirmed divergence can be...
There's not much value to be had to say exactly where the bottom is, but I want to summarize what I (and many) have done wrong in the weeks preceding this bubble burst.
Still, first let's look at the bottom :
From ATH to neckline was a drop of 7250; target is 100% retracement to 5.5k.
From the bull trap to the bear pennant drop of $7750; target is about...
Cryptocurrencies are here to stay for long. Many experts predict that the year 2018 is going to be a year that will bring excellent wealth to investors trading cryptocurrencies. Coinissimo, the cryptocurrency discussion board, and forum is here to help people identify the right cryptocurrency to invest.
The forum analyses the top cryptocurrency on which people...
-- HOW TO FIND MARKET BOTTOMS --
Here we see that btcusdlongs/btcusdshorts gets a huge spike upwards while bitcoin itself is going down.
Similar to RSI, this is a classic divergence that shows that people don't feel safe holding shorts any longer and/or want to go long and catch the bottom.
With a btc/usd overlay it's very easy to see how during previous btc...
A replicated model of " Economic Bubbles " by Jean-Paul Rodrigue which I overlaid onto the BTCUSD -13.83% chart.
Terrifying resemblance considering this this model was created in 2008.
What stage do you believe we are in?
I do not believe this is the end of crypto.
However, I do advise everyone to keep an open mind, and to trade carefully.
I wish you...
Didn't actively trade this but shows clearly how nice the Renko style is in identifying trend changes.
Amazing scalps are possible with scripts and bots.
ZCL and the emotional market cycle. The resemblance to the classical pattern of boom and bust is uncanny. wallstreetjackass.typepad.com
The boom manifests itself in 5 wave impulse move. Checkout Elliot Wave Theory. www.babypips.com
The bust culminates in a 3 wave correction down to the vicinity of where it all started.
If you can identify these patterns in...
I found this particular pattern recurring in every smaller time frame, including the 1 minute candlesticks. After a major correction, this fractal shape ensues.
I am going to just leave this here.
Obviously, I don't expect this to be accurate one bit. Just a lesson on fractals if it is :)
BITFINEX:BTCUSD
Dear friends,
As I have promised, I present you my next weekly training article.
Some time ago I started studying harmonic patterns, book by Scott Carney “Harmonic Trading” proved to be very useful.
Having studied it thoroughly, I tried to sum up my knowledge and write the summary in a series of article, starting from the present one.
Let’s...
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...
BTC and BCH charts mirror eachother strongly which shows that people are trading one coin for another to multiply their holdings.
Yet Despite BTC's recent growth BCH seems to be holding it's price quite well which means not everyone is dumping their BCH for BTC.
Although the price gap between the pair seems to be widening perhaps BTC's growth also helped BCH's...
There are a lot of patterns on the big chart that seem to repeat themselves a couple times. BTC is beyond the paradigm shift in trading. It's mind boggling to see how far it has come and just looking at that near straight line on the overall chart is quite a view. All it takes is one more negative news and tower will collapse.
