Algorithmic Trading is the activity of bots to perform buy and sell actions on an exchange. These bots are scripts created by traders to eliminate manual trading.
It's all rule-based trading. A trader codes the indicators, moving averages, and various other conditions for the buy's and sell's to happen. Stop losses and take profits are coded and so are dynamic...
Many beginners wonder which indicators to use. That's why I started this series with the 7 best indicators. It is not just any indicators, but those that are best suited for crypto trading.
#1 Stochastic RSI (StochRSI)
This is the king of all crypto indicators. When I trade stocks or indices, I use the normal stochastic. For Bitcoin and Co....
Here is a cheat sheet which help you to identify the most frequent and reliable chart paterns. I should tell you that the patterns from the group "indefinite" are classified as bullish or bearish in classical literature, but in practice we should be careful using it in trading decisions.
Inverted Head & Shoulders , Double ...
Here is a cheat sheet for the very reliable pattern - Gartley. If you are able to find it on a chart the successful trade can be executed. The most important thing for gartley is the proportions which should be approximately like on the chart. There are four most popular Gartley's types:
Please, write in comments...
In this guide I will walk you through the three main different kind of divergences and explain to you how you can spot them.
I also show you the extreme power RSI divergences have by looking at BTC/USD and mark them on the chart. It's quite special to see all these three kinds immediately after another, and it's really nice to see them all working out here as...
All logic is clearly displayed on the chart. I have been using BTC dominance over altcoins (the entire market) in my work since 2017.
Note that a "double bottom" is forming on the chart. But, at the moment, the season of games has opened under the title: "not environmentally friendly", while it is going on, such a construction is unlikely to come true. Use this...
I made a specially line chart and to capture a large time period to show the main trend (part of the trend). Everywhere on the coins that are pumped at a very large percentage for mysterious, but logical reasons, the history of the chart disappears. The Binance chart is not the first exchange to start trading this coin.
Before the first pumping in 2017 and...
So, the Ichimoku Cloud (Ichimoku Kinko Hyo) - WTF is it??? At first the Ichimoku Cloud can look a bit daunting, but after reading this, hopefully it will put you at ease & you will realise that it is a really neat and powerful indicator that shows you Momentum, Trend, Support and Resistance . Note that you can use the Ichimoku Cloud for all timeframes, but it may...
On this coin, in a secondary trend that has formed an upward channel with an impressive step of more than 100%, a symmetrical triangle is formed near its base of the trendline. The price is clamped. Let me remind you that the "radiant cryptocurrency" made exactly + 600% from the breakout of the resistance level of 0.08572 to 0.59. These are not random numbers. The...
Todays education is proudly brought to you by BestThingSinceSlicedSatoshi, the FREE and very profitable Buy and Sell indicator. Add it to your favorites at the link below.
Analysis based on my ACCURATE buy and sell indicator on the Bitcoin Monthly chart, Heikin Ashi candles.
My script (Blue...
How much money you can make from trading in different markets and using different trading styles? Such a question is rather popular among novice traders and in this post, I want to provide you my vision.
Here is an estimated profit per month:
- short term trading 5-10%
- swing trading 3-5%
- position trading 1-3%
- short term...
Watching Total 2 closely for alts to continue further upside.
Looking for a clean S/R flip of the previous range highs.
Currently Looking Good!, forming a nice symmetrical triangle as well.
We need to be cautious of a fake out to downside, but mainly looking for the apex of the triangle to hold to confirm that bulls are in control for a break to the upside.
The tips that I am about to give you can completely change your results as a trader and it can help you to start becoming a PROFITABLE TRADER or if you already is a profitable trader it can help you to increase your "win rate".
1 - Never blindly trust in the Moving Averages or any other indicator that you have set in your chart, it only takes a big spike on...
I am now about 4 weeks into sharing my #Barrelin pattern and associated trading strategy mostly on Twitter.
In that time I have developed more regimented rules in hopes of automating the hunting if not the trades themselves. Here is the strategy as it stands today:
4hr close above 75% on RSI (14)
Hold EMA (8) on 4hr close
Bitcoin is consolidating at the same price range as it did back in January. Once we broke that STRONG Resistance, it flipped to Support while BTC Ranged up.
Now that same critical level is back to being a Resistance Area. The longer a coin/token consolidates, the stronger the Breakout will be. Think of it as a wall, and the more times we hit it in a short period,...
Quick glance: In our last tutorial analysis, we discussed RSI Divergences. In this tutorial, we discuss the difference between a fast and slow moving RSI and how to effectively use this in crypto-trading.
First let us understand what is meant by "lookback" period?
Lookback is the period under consideration. For example, typically RSI is calculated on a...
If you notice that in the previous Bitcoin crash, there was a move during which the bearish move did not go above the previous candlestick, in other words, no previous candlestick broke until a long shadow candle (pin bar) was formed and Then a powerful ascending candlestick broke its previous candlestick and then an ascending movement was formed ... such...