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Swing Trading Bitcoin Like A ProCryptohopper Newsletter Market Analysis After a 20% crash a week ago, Bitcoin is again testing the resistance around $10,000. Should this resistance break, $11,000 will probably be the next price target in this bull run. Even if the price does not break the resistance at $10,000, it still provides us with many opportunities for some very profitable swing trades, which we will cover in this newsletter! Momentum + Trend Professional traders will, in most cases, look at more than one indicator. They look at multiple indicators because each indicator, no matter how accurate, will always have drawbacks and will need to be complemented by at least another one. In our case, the weakness of Williams %R is that it will signal a buy continuously while the price is crashing, and you may enter a position too early. The drawback of the Tripple Exponential Moving Average (TEMA) crossover is that it may provide too many signals, especially in a ranging market. It will sometimes also signal a buy when the price is overbought. However, when combining the two indicators, we can buy when the price is oversold and when the trend is back in our favor. Similarly, we can sell when the price is overbought, and the trend is no longer in our favor. Generally, these indicators are among the first to react in their respective category. Williams Percent %R is a fast oscillator that detects when the momentum has shifted faster than the RSI or Stochastics. The TEMA is among the quickest moving averages, as it gives three times more weight to the most recent data than the regular EMA. Therefore it will also be among the first to react. Together these indicators can be used to great effect when taking long positions in a bullish market and shorts in a bearish one. They will provide signals often even on the higher time frames.
COINBASE:BTCUSDLong
by cryptohopper
5
What is Bitcoin's next target?Cryptohopper Newsletter Market Analysis The most significant event in the Crypto space has occurred this week, the Bitcoin Halving! Since yesterday the supply of newly mined Bitcoin has been reduced in half, consisting of 900 BTC per day, as opposed to the previous 1,800. Many traders are expecting Bitcoin to surge in value significantly over the next one to two years. With that in mind, let’s analyze the asset’s next move! Bitcoin can be considered to have been in an uptrend for about two months ever since it hit this year’s low at $3,800 on the 13th of March. The price currently sits at an increase of 135% since then. We have created an uptrending channel based on the highs and lows of BTC over this increase. If BTC were to continue respecting this channel, then we can consider it to be on the oversold side and as such at a good purchasing price. If Bitcoin were to continue this uptrend, the next higher high it could hit is $10,500 . This level is significant for three main reasons: it is the highest price BTC achieved this year, it is the resistance level of the previous bull run which ended in February, and it also acted as resistance during the fast 1-day pump of around 40% on the 25th of October, 2019. If the current trend were to continue its pace, this level should be hit in about three days. However, if this trend is broken, then we could see the price retest the support at around $7,500. Considering that the last halving in 2016 started with a pull-back, we shouldn’t rule out the possibility of a retracement before bull-run. Join us at Cryptohopper to take advantage of these swings by automating your trading!
Long
by cryptohopper
1
RSI vs. William's % Which One To Use, And When?Cryptohopper Newsletter Bitcoin’s rebound seems to have slowed somewhat, with a correction of more than 10%. However, the price now appears to be pushing higher again and is close to this month’s high. Depending on the kind of momentum indicator you have selected, you might or might not have taken advantage of this opportunity. In this week of technical analysis, we will look at two different momentum indicators: The RSI and Williams % and see which ones are the best to use and when. Without further due, let’s start by diving into the RSI! RSI The Relative Strength Index is one of the most used momentum indicators in trading. The RSI is a momentum oscillator that fluctuates between oversold and overbought . When RSI is below 30, it is generally considered to be oversold and at the right time to buy, and when it is above 70, it is usually regarded as overbought and a good time to sell. The RSI is significantly slower than William’s %, and as such, it can be used effectively on larger time frames to predict recovery from more significant market crashes. In a bullish period, though, the RSI might give minimal signals only. Let's now look at William’s % William’s % William’s % is another momentum oscillator that is frequently used by traders. Just like the RSI, this indicator oscillates between oversold and overbought zones. When this indicator is below -80, it is said to be oversold, and when it is above -20, it is said to be overbought. William’s % is faster and gets into oversold or overbought zones quicker and a lot more frequently than the RSI. As such, Williams % can be used very efficiently in a bullish market as it will quickly and efficiently mark each pullback the uptrend has. However, the indicator may provide too many signals in a bearish market, thus leading to significant losses. RSI + Williams % In conclusion, the RSI is better used on the more extended time frames in order to identify the reversal of significant crashes, while William’s % works better in an uptrend. What some traders do, and it should generally be avoided, is using the two indicators together to provide a buy signal. For example, using both the RSI and Williams % and then buying when they are both oversold. However, this can be very dangerous, as Williams % will show oversold each and every time the RSI does too, and as such, you are really only relying on a single indicator instead of two. With that out of the way, it is possible to use both indicators together on different time frames successfully, but we will cover this another time!
Long
by cryptohopper
2
Bitcoin Halving History And PredictionsCryptohopper Newsletter BTC has continued its rebound, and it is now 90% up from its lows this year at 3,800$. With the halving about a month away, many BTC enthusiasts and investors expect the price of the asset to continue its uptrend. Today we will examine the past two halvings and give out our predictions for how the third halving will play out based on the past data. Without further due, let’s take a look at the previous halvings and at our predictions for the third! First Halving The first Bitcoin halving occurred on November 25th, 2012. The price of Bitcoin before the halving was only 12$ . After the halving, the price increased by more than 9,000% to 1,160$ in about 1 year. This was followed by an 86% market crash over the course of 420 days. After a long period of consolidation of about 300 days, the price started to increase again before the next halving. Let's now take a look and see how similar or different the price behaved during the second halving. Second Halving The second Bitcoin halving occurred on July 9th, 2016. The price of Bitcoin before the halving was only 650$ (half of the previous high) . After the halving, the price increased by almost 3,000% (only a third compared to the other one) to 19,500$ in about a year and a half. This was followed by an 84% market crash over 364 days. After a shorter period of consolidation of just over 100 days, the price started to increase again before the next halving. Sounds similar? Well, that’s because it is. The price followed an almost exact pattern from the first halving. We will now move on to our predictions of the third halving based on the data gathered from the previous two. Third Halving The third halving is set to occur on May the 13th. If the third halving will follow the other two, then the price of Bitcoin should be around 9,000$-10,000$ around the time of the second halving (half of the last high). After the second halving, the price should increase by about 1,000% if it is to follow the tradition of increasing 3 times less than the previous halving. If all of the previous statements turn out to be true, then we could expect BTC to reach around 90,000$-100,000$ after the third halving. The price should then follow a correction of around 80% down to 20,000$ . In short: We expect the price to be around 9,000$-10,000$ around May 13th. We expect BTC to reach around 90,000$-100,000$ at its next peak. We expect the price to follow a correction down to 20,000$. These are of course our expectations based on how the price behaved over the previous 2 halvings. The price won’t necessarily occur following the exact steps we displayed here. As with technical analysis in general: the price tends to follow historical patterns but it doesn’t have to. If the price will behave similarly to the first two halvings, then trend-following indicators will be very useful in identifying the trend and riding to the moon. Join us on Cryptohopper today and take advantage of the next halving by automating your trading.
BITSTAMP:BTCUSDLong
by cryptohopper
4
The Different Ways To Trade The StochasticsCryptohopper Newsletter The market has been very volatile over the past month with Bitcoin crashing 65% to 3,800$ . The price has since made an astonishing 80% recovery in one week from March 13th until the 20th. Following the recovery to almost 7,000$; the price has continued to range between 6,900$ and 5,600$. During the crash, many traders have attempted to buy the dip, just to see it dip even lower. Today we will explore how you could mitigate this risk by using stochastics with region crossover. Without further due, let’s get into how you could have traded this past month by using the normal stochastics and the stochastics with region crossovers. Different stochastic strategies There are many different ways to use stochastics. Today we will explore 2 of them, along with their advantages and disadvantages: Stochastics oversold: This strategy involves getting into a position when the stochastics drop below 20. This strategy works better when the broader trend is in your favor, as it is expected for the price drops to be shortlived and to continue moving higher. The advantage of this is that you will be getting in at the lower prices in an uptrend. This strategy can be very dangerous during a market crash though, or when the price is bearish in general as you will be getting in the trade, while the price will continue to drop further . This can be seen very well in the first three trades where the price continued to drop lower even though the stochastics were already oversold. Stochastics with region crossover: This strategy involves getting into a position once the value of the asset in question rises again above 20. This strategy can work very well in a downtrend but also in an uptrend depending on the severity of the pullback. In a downtrend, this strategy increases the probability that you are entering the trade only when the momentum is back in your favor. This can be seen by the first three entries in the graph where the buy point was 7%, 8%, and 16% lower than with the oversold strategy In an uptrend, if the pullback is very large then this strategy will again ensure that the price will not continue [/b its descent once you enter. However, if the pullbacks are not very severe, then you will enter at a worse price point. Overall the stochastics with region crossovers is more conservative and can lead to higher profits when the markets are volatile, as it is the case right now. Join us at Cryptohopper, where you can automate both of these strategies along with many others!
Long
by cryptohopper
1
How To Trade Moving Averages In a Volatile MarketCryptohopper Newsletter Chart Bitcoincash has made a swift recovery of over 70% from its lows this year on the 13th of March. The markets have been very volatile over the past month, and Bitcoincash is no exception. Over the past days however, the price has entered in a consolidation phase between $180 and $225. Trend following indicators tend to work very well in volatile markets. Moving averages are a good example of a trend following indicator. Let’s dive into how you could have used moving averages to trade this volatile market! Different Types of Moving Averages As you probably know there are many types of moving averages, but what are the best ones, and how to use them? This is what we will explore in this week’s technical analysis. Generally the slower and longer moving averages are used in order to catch the bigger moves in the markets. The slower and longer a moving average is, the more reliable its signal is considered. The disadvantage however is that you may enter positions too late, or that you exit positions too late as well giving back most of your profits. The slowest moving average usually used by traders is the SMA (simple moving average) . This moving average gives the same weight to all of the past closing prices. Faster and shorter moving averages are then used in order to catch every movement of the price. The advantage of the faster and shorter moving averages is that you will be able to capture all of the market moves early on; at least earlier than the slower moving averages. However the disadvantage to these is that they give a lot of fake signals, so a trader may enter positions on trades that never comes to fruition. The fastest-moving average that is generally used by traders is the TEMA (triple exponential moving average) . This moving average reacts faster to price movements as it gives a lot more weight to the most recent data. So, how can we create a trading system based only on moving averages, that works? This is what we will explore in the next section. Moving Average trading system As slower moving averages tend to give fewer and more reliable signals we can use one in order to time our entries in the market. This way we will limit the number of fake signals and as such our % of winning trades should increase. We can thus use the cross between the 10 EMA and the 30 EMA for this purpose. The EMA is slightly faster than the simple moving average as it gives more weight to the most recent data. We can then use the TEMA in order to time our exits in the market. A TEMA can be useful as a sell signal, as it reacts faster than the other moving averages and will thus take the profit sooner. The advantage of using a TEMA is that you will exit the trade sooner, and as such you will not be giving as much profit back. Both the EMA and the TEMA are available at Cryptohopper, along with many other different types of moving averages. Create your fully automated trading system with moving averages today, by joining us on Cryptohopper!
COINBASE:BCHUSD
by cryptohopper
Awesome 16% Profits with no leverage for now on my scriptHello Guys, It's my first idea being published here :) I will get better in time regarding the presentation I have been working on different strategies last year and now it's fully ready and working. You can check out more in the video. We've been able to get a 20x ROI in 2019 with a 2.5 leverage on bitmex, the script is not only doing great profits but i want to share my knowledge with you guys and let you know that the full automation process is offered for free, you can connect your bitmex account to the bot for free. It's working great and I wanted to do to help small accounts grow their position over time. Starting with a 0.1 beginning of January 2019 would give you 2 bitcoin right now. In the long run you need to find a solution that works and manage risk the right way. And that's what I am offering now here. Cheers guys Please like, follow me and share this great script
BITMEX:ETHUSD.PEducation
by RobotElvis
2
BTC: Cyber Ensemble {Premium} predicted the pump and dump.. CYBER ENSEMBLE is a sophisticated signalling script base on the interplay of an ensemble of optimized indicators and market state filters. (>1000 lines of code) General Note for Users: As with any indicators (and TA for the matter), it is virtually impossible to achieve 100% hit rate -- be it due to black-swan events, during periods of low liquidity, or simply due to the intrinsic nature of the given market (or the time-span) coupled with the limitation(s) of a given set of studies applied, etc. -- however, which can of course be managed with suitable risk-management system(s) . I've also developed scripts designed to statistically suggest suitable risk-limit levels as well as expected price ranges over a given period; ideally to be used in conjunction with classical trend-lines, Fibs, etc.:
BITSTAMP:BTCUSDEducation
by cybernetwork
BITCOIN - Invalidation and POTENTIAL reversalHello traders I. Wisdom of the day Not all traders are winners obviously. But not all losers have to be a stop-loss. A lot of consecutive stop-loss and we're out of the "trading" game. What if there would be a way to stop... the stop-loss from getting hit? There isn't a universal way but... using another indicator on top of a trading system is very powerful. This allows to exit a potential big losing position with a minimal loss - or at breakeven in the best scenario. That essentially means that .... traders have to accept that not all trades are winners... and accept to lose a few times to times. Invalidating before a stop-loss is part of reducing one's risk and increasing one's opportunity. Invalidations, also called hard exits, are an essential part of my personal trading method. II. Why a 5-minutes chart? The trading method won't give more than 3/5 trades per day even. This is not a scalping trading method, it's intraday and based on smoothed indicators for entering in a strong trend only. Those are the most secure trades possible because: - the engine waits for a strong confirmation and will avoid the fakeouts - the 5 minute allows to enters early. - entering early and getting invalidated early also. This point is crucial. Entering early with a minimum of security is KEY III Signals of the day 3.1 Invalidations in practice We got invalidated twice with a small loss. Which is exactly why I love this invalidation system so much. We exited losing positions at the beginning of the reversal or after a pullback Without it, I would have lost way more pennies :) 3.2 Shorting the "future of money" With a strong invalidation system, I get invalidated often before a "catastrophe" happens. I never want to take them because I'm human and I have "too strong" beliefs ("BTC is the future of money") ... but that's exactly why I trade with a framework because....again I'm human with feelings/emotions (despite what my ex-GF said to me #too #personal #info) The yesterday short was quite interesting as against the leading trend and below supports. I often talk about a pullback in that scenario to reduce one's risk. But the pullback also allows to get invalidated with a better exit and a smaller loss. Hopefully, you guys start connecting the dots now :) 3.3 What's next? We're right on the Daily SMA 7 and the Weekly SMA 100 is 200 USD below. I wouldn't re-enter before another signal (I'm dumb, I can only trade using a combo system deciding for me) - especially because a major weekly support is right under the candlesticks All the best, Dave ----------------------------------------- Disclaimer: Trading involves a high level of financial risk, and may not be appropriate because you may experience losses greater than your deposit. Leverage can be against you. Do not trade with capital that you can not afford to lose. You must be aware and have a complete understanding of all the risks associated with the market and trading. We can not be held responsible for any loss you incur. Trading also involves risks of gambling addiction.
BITMEX:BTCUSD.PEducation
by Daveatt