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Bitcoin (Cryptocurrency)

Rare PUMP pattern. Look for a "Base" on BTC🚀Every trader want to catch the pumps because only in this situation you can get the highest RR. In this educational idea we will talk about pattern which help you to identify upcoming pumps. It`s a base pattern. "Base" is consolidation pattern which is forming at the market bottom and a part of famous cup and handle pattern. "Base" is acually a copy of cup and it`s lead to PUMP✅when the price break up this pattern. 📊 Why base is important for the long traders❓ Because there is a lot of whales have enough liquidity to accumulate their position. The big volume bars at the bottom are also confirmed that whales buy ADA at the "dip"! 📊 Why the formation of the base leads to PUMP❓ As i said the base is the consolidation pattern where the big players can accumulate enough✅liquidity from scared retail traders. 🔥In the most cases the base forming at the market bottom when the biggest part of traders think that crypto continue to DUMP and sell their crypto at loss or at breakeven. But who buys this huge amount of crypto? Of course this is someone who don`t scare - the big players. 🔥Additionally, the price "compresses like a spring" in consolidation range and when the crypto break up the base the "spring uncompresses" and PUMP begin. 📊 What indicator helps to identify the base and upcoming PUMPS❓ This is a basic volume indicator. The volume growth helps you to identify the bottom. A lot of crypto sells by retail traders and the volume bars grows. 📊 What timeframes should you use to have beggiest winrate (80-90%)❓ The higher the timeframe the better, especially for beginners: 1️⃣ 4h 2️⃣ 1d 3️⃣ 1w 🚩 You need to have experience and complete scalping studying to identify PUMPS at lower timeframes (5m, 15m, 1h). Look for the "base" on the higher timeframes then move to lower timeframes to have clear understanding of this pattern and find the best entry point. I use the trandline breakout to open a long before the pump. Maybe, you will share your tools to open a long before a pump? 🚩 Traders, do we have the base on BTC now❓ Are retail traders scared and think that BTC will fall lower? Let`s discuss it in the comment! 💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
Education
by Yuriy_Bishko
30
Build a Trading System in 6 Steps✅ Step 1: Time Frame The first thing you need to decide when creating your system is what kind of trader you are. Are you a day trader or a swing trader? Do you like looking at charts every day, every week, every month, or even every year? How long do you want to hold on to your positions? This will help determine which time frame you will use to trade. Even though you will still look at multiple time frames, this will be the main time frame you will use when looking for a trade signal. ✅ Step 2: Find indicators that help identify a new trend. Since one of our goals is to identify trends as early as possible, we should use indicators that can accomplish this. Moving averages are one of the most popular indicators that traders use to help them identify a trend. Specifically, they will use two moving averages (one slow and one fast) and wait until the fast one crosses over or under the slow one. This is the basis for what’s known as a “moving average crossover” system. In its simplest form, moving average crossovers are the fastest ways to identify new trends. It is also the easiest way to spot a new trend. Of course, there are many other ways traders spot trends, but moving averages are one of the easiest to use. ✅ Step 3: Find indicators that help CONFIRM the trend. Our second goal for our system is to have the ability to avoid whipsaws, meaning that we don’t want to be caught in a “false” trend. The way we do this is by making sure that when we see a signal for a new trend, we can confirm it by using other indicators. There are many good technical indicators for confirming trends like MACD, Stochastic, and RSI. As you become more familiar with various indicators, you will find ones that you prefer over others and can incorporate those into your system. ✅ Step 4: Define Your Risk When developing your trading system, it is very important that you define how much you are willing to lose on each trade. Not many people like to talk about losing, but in actuality, a good trader thinks about what she or he could potentially lose BEFORE thinking about how much she or he can win. The amount you are willing to lose will be different than everyone else. You have to decide how much room is enough to give your trade some breathing space, but at the same time, not risk too much on one trade. Money management plays a big role in how much you should risk in a single trade. ✅ Step 5: Define Entries & Exits Once you define how much you are willing to lose on a trade, your next step is to find out where you will enter and exit a trade in order to get the most profit. ☀️ Entries Some people like to enter as soon as all of their indicators match up and give a good signal, even if the candle hasn’t closed. Others like to wait until the close of the candle. For example, in the chart below, entry was when the candle closed above the resistance line. ☀️ Exits For exits, you have a few different options. One way is to trail your stop, meaning that if the price moves in your favor by ‘X’ amount, you move your stop by ‘X’ amount. Another way to exit is to have a set target, and exit when the price hits that target. How you calculate your target is up to you. For example, some traders choose support and resistance levels as their targets. In the chart above, the exit is set at a specific price that is below the resistance zone. However you decide to calculate your target, just make sure you stick with it. Never exit early no matter what happens. Stick to your trading system! After all, YOU developed it! One more way you can exit is to have a set of criteria that, when met, would signal you to exit. For example, you could make it a rule that if your indicators happen to reverse to a certain level, you would then exit out of the trade. ✅ Step 6: Write down your system rules and FOLLOW IT! This is the most important step in creating your trading system. You MUST write your trading system rules down and ALWAYS follow them. Discipline is one of the most important characteristics a trader must have, so you must always remember to stick to your system! No system will ever work for you if you don’t stick to the rules, so remember to be disciplined. Oh yeah, did I mention you should ALWAYS stick to your rules? ✅ How to Test Your Trading System The fastest way to test your system is to find a charting software package where you can go back in time and move the chart forward one candle at a time. When you move your chart forward one candle at a time, you can follow your trading system rules and take your trades accordingly. Record your trading record, and BE HONEST with yourself! Record your wins, losses, average win, and average loss. If you are happy with your results then you can go on to the next stage of testing: trading live on a demo account. Trade your new system live on a demo account for at least two months. This will give you a feel for how you can trade your system when the market is moving. Trust us, it is very different trading live than when you’re backtesting. After two months of trading live on a demo account, you will see if your system can truly stand its ground in the market. If you are still getting good results, then you can choose to trade your system live on a REAL account. At this point, you should feel very confident with your trading system and feel comfortable taking trades with no hesitation. If you like this content help me grow ❤️🌱 GOOD LUCK ❤️🌹
Education
by parissap
11
What Do You Need for Successful Trading?There are buyers (bulls) and sellers (bears) in any market and their goal is to make profit. It is obvious. The difference between them is in a direction of trading. Buyers are interested in upward and sellers in downward movements. If buyers are stronger than sellers, the price moves upward. If sellers are stronger than buyers, the price moves downward. It is simple. So, for you as a trader, if you want to make money in the financial market, it is very important to join the right side in the right moment. If buyers are strong, you have to buy and join the bullish team. If sellers push the price downward, you should open short trades. Of course, different types of trading may require some different tactics, but the main idea is the same, you have to be on the right side! And here we face with a question? How to pick the right side? What do we need to use in order to understand that buyers are stronger than sellers right now? Which tools may tell us that the market is going to move upward but not downward and vice verse? For this, we have to understand what is going on in the market and plan possible trades considering the most important information which any market can give us in any period of time. If you think that for profitable trading you just need trading signals, when to open a position and when to close it, you are wrong! The exact entry and exit points, as well as direction for trading, they have to be the result of pre-trading activity such as research and planning. So, what do you need to know about the market BEFORE!!! opening a trade? You must know: 1. Market conditions! It is the basis! Without understanding the market conditions it makes no sense even to dream about profitable trading. You have to understand the market conditions in order to pick the right strategy which matches them. If you trade using trend following strategies in the range market conditions, you will fail. The same goes for range trading approach in the trend market. You have to understand the market conditions AND the sentiment. Which you can see right now just in order to follow it as well. Market conditions tell you in which direction to trade and which trading strategy to use! It is very important. 2. Valuable areas, and here we talk about support and resistance levels, Moving Averages, trend and counter trend lines. The thing is, the most important actions in the market are around such levels. Buyers build long positions around support levels. Sellers go short from resistance. There is action around the valuable ares and we have to use this action for our trading. If we open long trades at support following reversal setups, it means we join buyers and we may expect an upward moment if they are strong enough. We plan short trades at resistance expecting that sellers will be able to reverse and push the price downward. The same principles can be applied with trend and counter trend line. Trading at valuable levels and lines we can get good entry points and place stop orders not far from them. If so, we may expect trades with good risk-reward ratio and it means a lot for the proper risk and money management. So, valuable areas give us a lot. 3. As soon as we got understanding about the market conditions, valuable areas, we can plan our trades considering all this information and combine them with exact trading setups and patterns we use in our trading. The price action around valuable areas and the exact market conditions will be able to show us in which direction it makes sense to trade, which trading strategies to use for buying or shorting and where to place exit orders such as stop and take-profit. And here you can use absolutely different trading styles and strategies, time frames which will give you different options how to get benefits from the market movements. So, the main idea of this post is the following: For successful trading you must know in which direction to trade and where to open and close your positions. For this, you must understand what is going on in the market, what are the market conditions, where are valuable areas, and which trades you can get depending on the exact price action and trading signals. That’s why I offered you a new format where I share with you Market Conditions based on the daily tf, Valuable Areas and offer possible Trade Opportunities . I hope this post give you better understanding what should you do in order to become a successful trader. I will be grateful if you support this post by smashing the LIKE button and sharing it with other novice traders. Thank you!
COINBASE:BTCUSDEducation
by DLavrov
21
📌What Kind of BTC Sea Creature, can you be? (BTC Owner🦑-🐋)If you have been in the cryptocurrency market for a while; You have probably heard new slang word specialized in crypto space! In fact, these terms of sea creatures are taken from the law of the sea's Food chain ecosystem , that larger creatures hunt smaller creatures, and we can associate and compare and categorize it with the amount of Bitcoin assets of people in the crypto space from small to large! Ask yourself, "What species can you be? 🤔😃 Plankton (<0.1 BTC) 🦑 Shrimp (0.1<1 BTC). 🦐 Crabs (1-10 BTC). 🦀 Octopuses (10-50 BTC). 🐙 Fish (50-100 BTC). 🐠 Dolphins (100-500 BTC). 🐬 Sharks (500-1000 BTC). 🦈 Killer Whales (1000-5000 BTC). 🐳 blue whales (> 5000 BTC) 🐋 Since Bitcoin qualifies as a form of currency, it’s able to retain a certain amount of value. One of the main reasons is the Bitcoin supply scarcity. In fact, the maximum number of bitcoins that can be mined is just under 21 million. This level of scarcity makes it possible for the value and market price of Bitcoin to increase by a considerable amount. Who Owns the Most Bitcoin? To understand exactly who owns the most Bitcoin, it’s important to know how much Bitcoin can be introduced into the market. When Bitcoin was first created in 2009, a hard cap of nearly 21 million was placed on the amount of bitcoins that could enter circulation. At the moment, the circulating Bitcoin supply is around 19,108,600.00 BTC(91%). Limits have been placed on how much Bitcoin can be created each day, which means that the remaining Bitcoin will be mined progressively more slowly from now until 2140, through the process of “halving.” Even though 19,1 million bitcoin should be on the market, it’s believed that around four million (4M)BTC have been lost since the digital currency first entered circulation. It’s believed that Satoshi Nakamoto, the pseudonymous founder of Bitcoin, was the first miner of the currency. Nakamoto mined over 22,000 blocks, and received well over one million bitcoins as cumulative block rewards. His (her/their) current ownership is believed to be around 1,000,000 BTC, which has a current value of more than $2,400,000,000 with a current value of $24,000 per BTC. Bitcoin ownership can be identified by looking at the addresses of bitcoins in circulation. As of today, there are just three separate Bitcoin addresses that hold more than 100,000 BTC. There are additional 83 owners who hold anywhere from 10,000–100,000 BTC. The 87 wealthiest addresses hold a little over 14% of all the total Bitcoin in circulation. According to Glassnode metrics , the number of whales is regularly increasing, institutional investors are constantly buying bitcoin. They buy bitcoin for a long time and are not going to panic with any correction. you can also watch the Top 100 Richest Bitcoin Addresses here below: CC: www.bitinfocharts.com So we know that so far in the crypto market, a few Bitcoin addresses, and minority of BTC holders with a balance of more than 5000 Bitcoins have taken over the other majority of Bitcoin's holders especially those with less than 1 Bitcoin. Therefore If we want to examine from the point of view of supply and demand, the group that has more bitcoins can determine the movement of bitcoins. , if the Bitcoin network becomes more mature and the number of Bitcoin shrimps (<1 Bitcoin) increases significantly , the price can be less manipulated and get closer to the ideal of a completely decentralized network ! Analysts clarify that the calculations cannot show the true picture, they are rather superficial. The true division of bitcoin may look a little different. Quote 1.Not all Bitcoin addresses should be treated equal. For instance, an exchange address holding the funds from millions of users needs to be distinguished from an individual's self-custody address. 2.A Bitcoin address is not an "account". One user can control multiple addresses, and one address can hold the funds from multiple users. This article was more for fun and for informational purposes only. It should not be considered as a Financial or Legal Advice.
Education
by PRO_SMART_Trader
12
Quantum cryptography and Post-Quantum cryptographyHello guys today i want to explain Quantum cryptography and Post-quantum cryptography and how they can affect blockchain security and whats the solution. lets start with a brief explanation of cryptography: Cryptography is the process of encrypting data, or converting plain text into scrambled text so that only someone who has the right “key” can read it. NOW what is quantum cryptography? Quantum cryptography simply uses the principles of quantum mechanics to encrypt data and transmit it in a way that cannot be hacked. and what is Post-Quantum cryptography? Post-quantum cryptography refers to cryptographic algorithms (usually public-key algorithms) that are thought to be secure against an attack by a quantum computer. These complex mathematical equations take traditional computers months or even years to break. However, quantum computers running Shor’s algorithm will be able to break math-based systems in moments. How Quantum Cryptography Works? Quantum cryptography, or quantum key distribution (QKD), uses a series of photons (light particles) to transmit data from one location to another over a fiber optic cable. By comparing measurements of the properties of a fraction of these photons, the two endpoints can determine what the key is and if it is safe to use. The sender transmits photons through a filter (or polarizer) which randomly gives them one of four possible polarizations and bit designations: Vertical (One bit), Horizontal (Zero bit), 45 degree right (One bit), or 45 degree left (Zero bit). The photons travel to a receiver, which uses two beam splitters (horizontal/vertical and diagonal) to “read” the polarization of each photon. The receiver does not know which beam splitter to use for each photon and has to guess which one to use. Once the stream of photons has been sent, the receiver tells the sender which beam splitter was used for each of the photons in the sequence they were sent, and the sender compares that information with the sequence of polarizers used to send the key. The photons that were read using the wrong beam splitter are discarded, and the resulting sequence of bits becomes the key. If the photon is read or copied in any way by an eavesdropper, the photon’s state will change. The change will be detected by the endpoints. In other words, this means you cannot read the photon and forward it on or make a copy of it without being detected. The Solution We Need Now for Tomorrow! The need for unbreakable encryption is staring us in the face. With the development of quantum computers looming on the horizon, the integrity of encrypted data is at risk now. Fortunately, quantum cryptography, through QKD, offers the solution we need to safeguard our information well into the future – all based on the complex principles of quantum mechanics. In January 2022 a team at Sussex University spin-out company Universal Quantum published research on transit attacks which calculated that it would require a quantum computer with a 1.9 billion qubit-capacity to break Bitcoin’s encryption in the required ten-minute window (this is the time taken for a Bitcoin to be mined). Even at 317 million qubits it would take an hour and 13 million qubits for a day. For context, IBM’s superconducting quantum computer currently has a 127-qubit processor. REFRENCES: www.investmentmonitor.ai www.quantumxc.com www.techtarget.com Hope you enjoy this article. please share me your opinion about Quantum computing in comments. can they break BITCOIN???!!!
Education
by TraderAmin-KZ
6
What to include in your Trading RoutineMost people dive straight into trading without knowing how or why. They also don’t plan ahead. This is why most people are unsuccessful at trading. Having a well developed plan is KEY 🔑 to trading success! Let’s see what in must need in trading routine: 1. Trading Journal 📝 You won’t improve without a trading journal, your whole trading routine is built around your trading journal. The time you’re trading without one is wasted time period. 2. Backtest 📌 Do it every week at least once. Backtesting increase: - Confidence in your strategy; - Self-confidence to execute it; - Discipline (when you’re confident about your strategy, you are more likely to respect it.) Tip: Journal your backtested setups. 3. Weekly mental preparation ⏳ Write down things like: - What are the things you want to work on. - What are the habits you want to improve. - What are your goals for next week. 4. Technical preparation 💡 - Make your analysis. - Study the different price scenarios. - Prepare your trading ideas. You can do it weekly or daily depending on your needs. 5. Weekly performance analysis 🎭 Open the psychology section of your trading journal: - What did you do well? - What could have you done better? - What lessons did you learn? - Realization about yourself, your strategy and the market. 6. Wins and Losses analysis 🌓 - Open the charts of your trades one by one. - Read your mistakes - Write down at least one lesson you took from each trade. Tip: always take a screenshot at the exact entry point of each trade. This allows you to mitigate the hindsight bias and develop your pattern recognition skills. 7. Writing ✏️ Write down your thoughts and emotions on bad days. It helps you understand your mind and gives you clarity. It’s a great way to focus on the process and be patient. 8. Activities outside of trading 🚴🏻♀️🚣🏻♂️ You’re going to lose motivation and belief with your trading many times, you need to have extra motivational source. If you only rely on your trading results to feed your persistence, you ganna give up easily. If you like this content help me grow ❤️🌱 I’d be happy you add more tips to learn from each other
Education
by parissap
14
#2 | Understanding Wave Analysis TheoryIt's a simple concept. Impulsive wave, corrective wave, impulsive wave, corrective wave... You may think I'm here to talk about Elliot ... (if you know him) No. The problem with Elliott Wave Theory is... IT'S TOOOOO OLD. It has a lot of problems... The markets of 1938 aren't the same as the markets of 2022. I'll show you an updated version... The biggest mistake beginners make when they trade the flag pattern is FALSE ENTRY. Have you ever traded a flag when it breaks the trend line, then it goes straight to hit your stop loss? Absolutely yes, one reason for this is... YOU DIDN'T UNDERSTAND THE STRUCTURE OF THE WAVES YOU WERE LOOKING AT. 99% of beginners do rely on stupid strategies that say: IF THE PRICE BREAKS THE TREND LINE, JUST BUUUUUY. Because of that, they get disappointed results... WRONG ENTRY. WRONG STOP LOSS. WRONG TARGET. EVERYTHING GOES WRONG. I highly recommend you have a basic understanding of Dow Theory and Elliot Wave Theory . They are the structure of this updated WA version. That will make you able to understand the upcoming ideas and analysis where I will share with you details and my strategies to trade the regular-flag properly. If I see likes, I'll post the 3rd idea about the different types of impulsive and corrective waves. Make sure to follow us.
Education
by UnknownUnicorn38846377
My MistakesI have made thousands mistakes since I started trading 15 years ago. And I continue making mistakes from time to time. Why do I say about it? Because you have to know about the true value of mistakes in trading. Mistakes gave me tons of priceless experience. They helped my to boost my trading level from newbie to professional. They helped me to understand who I’m. They showed my strong and weak points. They became the source of new ideas. They gave knowledge what to do and how to do. They gave understanding what is really important in trading. They showed what doesn’t work. They showed me the path to successful trading. Why should I shy that I made mistakes and continue making them? 
 Mistakes, it is the part of any success! Don’t try to avoid mistakes as it is impossible. But try to get as much benefits from any mistake as possible. And of course, you can make new mistakes, but never repeat old ones. And your success will be a matter of time!
Education
by DLavrov
16
Trader📈 VS Gambler🎲: who are you?Press the "like"👍 button if you find yourself at this charts. Hi friends! Today i`ll give you 5 simple advice how to improve your trading results if you are beginner. But first of all we have to identify who you are in trading. 📊Who is a gambler? A gambler is a person in the financial markets who: 1️⃣ does not control his/her risks and can use leverage without thinking about losing capital 2️⃣ trades mainly on info occasions (someone said something somewhere in Tweeter or Reddit) 3️⃣ does not have his/her own trading strategy and style 4️⃣ wants to make money and lambo as famous influencer here and now, without even knowing how to calculate the size of the position or the ability to determine the market trend 🚩Why is gambling so dangerous? Once you have earned a lot of money and of course lose it, the gambler is trying to win back, losing more and more money. This is a condition of excessive greed. 📊Who is a trader? A trader is a person who earns by buying cryptocurrency cheaper and selling it higher (long), or by selling it higher and buying it lower (short). 🚩Why a trader can make money, but a gambler can't? The trader follows these rules: 1️⃣ knows his/her trading style and 2️⃣ knows WHEN and WHY he/she buys or sells cryptocurrencies, which means he/she has a working trading strategy 3️⃣ is not afraid to miss opportunities, because he knows that the market gives them all the time 4️⃣ gradually increases deposit and increases the size of trades step by step 5️⃣ asks more experienced traders for advice, because he wants to avoid making the same mistakes and saves his time for trading 🔥The trader grows gradually, step by step, he is interested in new approaches, adapts to the market. If you are reading this idea now, it means that you really want to improve your trading skills and you are probably not a gambler. ✅How can you switch from gambling to trading mode? It's very simple if you start to follow the trader's points: 1️⃣ Define your trading style. Who are you: a scalper, a swing or a position trader? Try different styles and understand how you trade comfortably, which one gives you more pleasure and results. Don't forget about these 2 points. 2️⃣ Create or borrow a trading strategy that suits your trading style. 📈 If you don't know how to determine your trading style and where you can get free trading strategy, leave the comment or DM. I'll give you some advice. 3️⃣ Start trading with a small deposit . This will save you from possible losses due to inexperience, but it is worth to try. For example, use $50-100 or a demo account. If you can't make money with $100, how can you make money using $10,000? 4️⃣ Get in touch with newbies like you and share your trades. This is what our community of more than 800 traders with different trading level allows you to do, either share your ideas in comments on trading view or post your ideas and test their success over time. 🚩Of course, perfect trading only happens in a picture. Catching a stop loss because of your own mistake is a common thing both for an advanced trader and a beginner, but you have to work on your mistakes. 1 out of the 5 lessons in my mini-course is about typical trader's mistakes and how to fix them. Enjoy it!✅ Traders, what would you add to the traders` list to improve trading skills? Let`s discuss in the comments. 💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
Education
by Yuriy_Bishko
10
BTCUSDT - read to people with IQ over 100🧠 To begin with, you don’t see all this, because you rested on your indicators, on the thoughts of opinion leaders who themselves don’t really understand anything about trading and earn only on you. On this platform, I have a lot of ideas related to numbers, check them out. It is very important for me that you guess what these or those values ​​mean. Try to simply see how many references to 33 leave Elon Musk and NASA, even every launch and spacewalk of an astronaut is accompanied by an impulse in one direction or another on the chart not only of BTC but also of the stock market. All this can be analyzed because it is all done for the sake of profit and the direction of the process in the right direction. Let's start with what does 33/13 mean? This number means a new beginning, the start of something new - numerology is not a stereotyped understanding that was imposed on you so that you are not specifically interested in it, namely, from the mathematical side of Gann, Fibonacci is all numerology, all great mathematicians were numerologists, but some then the dudes who sell their courses talk about how it's all nonsense. All numbers have certain meanings that were created by ancient civilizations such as Maya. You are wrong, the author, maybe you can add the Sumerians here? I will attribute all astronomy, calendars, star maps, how many days in a year and hours in a day were studied thousands and thousands of years ago. I also pointed out many examples of practicing the number 14 - directing energy towards resistance or support, balance. Which brought a large% profit, just trading from the levels that were formed by large players in the order book or there were marks on the chart. How 888 means the price goes in the opposite direction by a step more than 2%, which you can easily pick up with a stop of 0.4%, but you don’t see it. Open your eyes, wake up and for God's sake stop reading and listening to the opinions of those who direct the crowd, because that's how they cut you like hamsters. in plotting I used arc system and degree system, you can find all the information on this great platform. The bottom line is to take trend lines and draw lines along them using cycles in parallel. In general, you can see this on the chart. a similar system can be applied to any liquid instrument such as the stock market, raw materials, gold, metals, indices, currency pairs, etc. Even on low-liquid shieldcoins. Depends on your imagination and understanding of the process. Notice how cycle 333 indicates the next BTC low or high. Subscribe here a lot of interesting things, like the idea
Education
by FTT_TRADER369
2
When is the perfect time to participate in Launchpads?Hi friends! No, the best place is not BTC`s ATH but why a lot of hype around it exactly there? In this idea i will explain you where it`s better participate in ICO, IEO to get the profit during the bull run. Fewer of the most experienced make money in the market, and the majority always lose in the end. A common example is Doge millionaires who lose their money in a few days on a Bitcoin dump. Why it's worth it to participate in lanchpads at the beginning of the Bitcoin bull market: 1. all altcoins follow Bitcoin and will grow till BTC grow. Yes, Bitcoin outperforms alts in short terms at the beginning, but they make good profits during altseasons. Often there are 2-3 such altseasons. By the way, if you are interested to know how to determine the best place to buy altcoins - write me in the comments, I will make an educational idea for you. 2. If the lunchpad was unsuccessful and you get a loss, during the BTC bull market the price of alt return at least to you entry point . As long as the loss isn't fixed, it's not a loss, so you can wait for a return to the entry point and come out at break even or in profit. That way you will save your money because you bought alts at the beginning of bull market. For example, let's take the coins from the Binance Launchpad in 2020 when the bullmarket just begin: 1. WRX +9700% to its peak (ATH). At hte beginning you even can gea a loss. but after had amazing return. 2. SAND +11300% 3. AXS +112670% I don't think it's worth adding anything. Why are lunchpads almost no profitable at ATH: 1. a lot of hype around the new launchpads , people feel extreme greed. You know, that 90% of traders are not profitable. Majority will not earn because the majority can`t be the professionals. 2. after lunchpads at crypto market highs, altcoins don't grow so high. If you bought any altcoin when Bitcoin was $4-5 or $10k, you would have made more money than on popular lunchpads. This only works if you don't have a strategy for trading Bitcoin futures trading during a bull market, when you are increasing just the number of Bitcoins. Then you can make much more money than on altcoins. But if you prefer Altcoins, you can not only fail to earn, but also lose a lot of money, as most of traders, who bought crypto when Bitcoin was above 50-60 thousands, did. To give you an example, let's take the lunchpads on Binance for the then popular Game-Fi projects on ATH: 1. DAR - up 35% and down 91% 2. MBOX - after growing by 130%, it fell by 95%. Is this the kind of profit you want to make? The fairy tale about 100x is definitely not here. Summing up, it's better to take part in several Lunchpads at Bitcoin's "bottom" and get 1000% or at least break-even, than to participate at ATH and get a loss of 95%. It`s worth to say that only 1 out of 100 coins/crypto have a some value, another one made for collecting money from the crypto newbees. Our aim is to buy low and sell high. That`s all. Check the idea about when it`s better to come to a crypto market and crypto trading. This idea give you a clear understanding about why you are at the rights place now! I will explain you where is the best place to buy ALT`s in the next educational ideas! Cheers! 💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
Education
by Yuriy_Bishko
1
The mathematical model of Hugh Math IndexThe mathematical model of Hugh Math Index ✅ What is Hugh Math Index? It is a rule-based indicator designed to measure the overall growth of the crypto market by the market capitalization of passive investors ✅ Fund Manager 🔹 Mo'men Mohammad Jaradat ▪️ Institutional investor and developer of trading algorithms and investment research ▪️Has more than 7 years of experience in many financial markets ▪️ Worked on many scientific researches on financial mathematics and quantitative methods in investment decision making ▪️ He holds many professional certificates, the most important of which are EPAT, CFA, FRM ▪️ Previously worked with several research teams to develop machine learning algorithms for kaggle trading strategies ♻️ The main criteria for selecting the components of the index 🔰 Safety Standards ▪️The original must have more than 85 points by accredited security audit agencies 🔰 Liquidity Standards ▪️The asset must be listed on three central exchanges with a security rating of more than 7 points ▪️The weighted average monthly trading volume of the asset must be more than $100 million 🔰 Subtraction Criteria ▪️The asset must be publicly traded for a period of no less than 3 months 🔰 Exclusion Criteria ▪️ Stable Token ▪️Tokens (don't have their own blockchain) ▪️Coins under attack 51 ▪️ Coins that have litigations with the US Securities and Exchange Commission (SEC) ✅ The investment methodology has been designed based on numerous academic researches by an independent working team, Mo'men Jaradat. ✅ More details will be shared to copy the investment at the time of the launch of the fund.
CRYPTOCAP:TOTALEducation
by Mr_Jaradat
4
The Role of Patience in Swing Trading.I have been actively trading the market since 2019 without doing stupid things (only minor mistakes). Before 2019 I was trying to get rich fast, and of course, that didn't go well. One of the things I have been doing since 2019 was writing principles or key ideas regarding my trading journey. That includes significant mistakes or things I noticed about the fundamental laws behind price movements. One of those principles is patience. I would put this principle in my top 5 definitely (and I have more than 40 principles I have written since 2019) The principle: Whenever the market is not providing evident opportunities, DO NOT TRADE! Be aware that you will get anxious because of the lack of executions. However, remember that history has shown you that not trading during those periods was always the best thing to do. ------------------------------------------- Let's expand the previous principle. I have realized that you can not force the market to provide opportunities, and sometimes the market will not provide opportunities for extended periods (months). The first time this happened to me, I started getting anxious because I thought I was missing something, and I executed a lot of low-quality setups, of course, that finished in an absolute mess. That kind of behavior didn't happen once to me, but several times. And my conclusion always was that if the market is not providing clear opportunities, it was always best not to trade. In other words, I would have been better without executing setups. So, at one point, I asked myself. "How many more times do I need to experience this to understand that I should not trade if the market is not following the filters I have defined?". And in 2019, I decided that would be the last one. I'm writing about this because I didn't have a lot of executions lately, and I can feel that anxiety telling me, "DO SOMETHING, just trade." And at this stage I'm currently in, I do not follow those feelings anymore, but I keep following my trading plan. ------------------------------------------- Let me explain how this applies to two assets I like trading, SP500, and Bitcoin. On Bitcoin , I'm interested in developing bullish setups, and my filters are the ones you can see in the following image. However, if the price does not move as expected, I will not trade. And not trading is tricky because of the anxiety I explained to you before. On the other hand, we have S&P500 . Similar to BTC, the price has been falling, and I expect bullish opportunities to come. However, I will not risk one dollar until I see the current descending channel broken. ------------------------------------------- Lets Recap: As a swing trader, developing your patience and waiting for the best opportunities without trading in the meantime will save you a lot of money. Remember that you can not force the market to provide you with opportunities; you can only be ready to take action when those opportunities come. I hope this concept was useful. I mainly wrote this for myself, like a journal. If you have any concepts you would like to share in the comments; it's always a pleasure to read your ideas. Have a great day!
BITSTAMP:ETHUSDEducation
by ThinkingAntsOk
12
Bites Of Trading Knowledge For New TOP Traders #13 (short read)Bites Of Trading Knowledge For New TOP Traders #13 ---------------------------------------------------------------- What is Bitcoin and from where did it originate? - Bitcoin is a digital form of a medium of exchange with no central bank control which issues fiat currencies. Instead, the financial system involving bitcoin is managed by thousands of computers distributed around the world, a decentralized ledger, where anyone can participate by downloading open-source software and connecting to the ecosystem. The invention and implementation of bitcoin is credited to the person or persons known Satoshi Nakamoto in 2009. The white paper “Bitcoin: A Peer-to-Peer Electronic Cash System“ states that bitcoin was to be, “A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution.” What is the Blockchain? - The Blockchain is a decentralized ledger that is append-only meaning that data can only be added to it. Once information is added, it is extremely difficult to modify or delete it. The Blockchain enforces this by including a pointer to the previous Block in every subsequent Block. The pointer is a Hash of the previous block. Hashing involves passing data through a one-way function to produce a unique Fingerprint of the input. If the input is modified even slightly, the Fingerprint will look completely different. Since the Blocks are linked in a Chain, there is no way for someone to edit an old entry without invalidating the Blocks that follow, allowing a secure structure. What is Mining? - Mining is the process in which transactions between users are verified and added to the decentralized ledger. The process of mining bitcoin is responsible for introducing new coins into the existing circulating supply and is one of the key elements that allows bitcoin to work within the peer-to-peer decentralized network, without the need for a third party central authority. What Is a Blockchain Consensus Algorithm? - A consensus algorithm is a mechanism that allows users or machines to coordinate the agreement of what is a valid block in the Blockchain in a distributed setting. It needs to ensure that all participants in the system can agree on a single source of truth. Types of consensus algorithms include Proof of Work (PoW) and Proof of Stake (PoS). What is Proof of Work? - Proof of Work (PoW) is a mechanism for preventing the same bitcoin funds from being spent more than once. Proof of Work consists of a consensus algorithm which is a protocol that sets out the conditions for what makes a block in the Blockchain valid. It ensures the security and integrity of bitcoin’s distributed ledger. RISKS AND OPPORTUNITIES FOR CORPORATES AND INDIVIDUAL INVESTORS - Common application of financial market instruments for managing risk and opportunities. Alternatives: Correlation in Futures Investors could allocate a portion of their portfolio to establish a managed futures position and use market correlations to determine alternative markets to enter that meet their account size and risk parameters. For example, the Asia Tech 30 Index when charted against bitcoin shows a positive correlation between the two markets. Traders or investors may have interest in gaining exposure to bitcoin, but due to their smaller account size, may prefer to participate in a market that is correlated and fits their capital limitations. In this case, the Micro Asia Tech 30 futures contract could be a viable alternative to trading bitcoin with its lower margin requirements. TRADDICTIV · Research Team -------- Disclaimer: We do not provide investment advice, nor provide any personalized investment recommendations and/or advice in making a decision to trade. Before you start trading, please make sure you have considered your entire financial situation, including financial commitments and you understand that trading is highly speculative and that you could sustain significant losses.
ICESG:SDX1!Education
by traddictiv
📊BTC and FED RATE: is it better to hike? Crypto mythbusters!Some experts use such rules as hiking rate = bear market and falling rate = bull market but if we compare the fed rate with the BTC price we can see that the price is not always follow this rule. Trully say in most cases it don`t. Let's dive deeper into it! ______________ 📊THE BULL MARKETS: 1️⃣ 2015-2017 – the rate is growing. 2️⃣ 2018-2019 - the rate isn`t growing but still high. 3️⃣ 2020-2021 - the rate is 0 and market is growing. In 2 out of 3 cases the market is growing when the rate is high. At the end if we compare two Bull markets of 2017 and 2021 there is more massive and longer growth was at 2017 when the rate was hicking. ______________ 📊THE BEAR MARKETS: 1️⃣ 2017-2018 - the rate is growing and market is falling. Actually, it can happen because of the lack of buyers. It was the biggest BTC bullrun so the hicking rate is not the main reason. 2️⃣ 2019-2020 - the rate is falling and price is falling too. 3️⃣ 2021-2022 - the rate is growing but the price is falling. In 2 out of 3 cases the hicking of the rate push the price lower but as we have already identified the 1st bear market of 2017-2018 had to happen after the biggest bull market. 🚩Why the market can fall this time? We had the case of Do Kwon and Luna, UST. Additionally, the stock market push the price of crypto lower. This 2 thing caused the extreme fear at the market and forced retail traders to sell. 🏁Finally, we can say that this pattern is unclear and in most cases work against the rule "hicking rate = bear market". Traders, what do you think about this patterns of the FED rate and BTC price? Maybe we need to use it with other aproaches such as inflation rate, money supply etc together to make a succesfull fundamental analysis? Write your thoughts in the comments. 💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
BITSTAMP:BTCUSDEducation
by Yuriy_Bishko
3
📊When you come to the crypto vs When you really need to comePush the like if you come to cryptomarket at #1 and #4 areas or write a comment if at #2, #3, #5. I bet it will be more likes. Today, i`ll explain you why you need to come at #2, #3, #5 in crypto and most of traders don`t understand it. As you can see the yellow areas is always the "hype" area when most of the newbees are coming at the crypto market and any other markets. It`s actually not bad because more and more people discover the crypto and trading of crypto. What is wrong with the bear market? Market is crashing, everithing is bad for short-term for hodlers. But guys, traders can open short trades using futures trading. Essential thing that is potential to earn. At the falling market it`s much less then at the BULL market. EXAMPLE: if you open a short with x1 leverage even from ATH to the bottom it`s just: +83%, +71%, +70%. If you open the long with x1 leverage or just trade the bull market which start at white areas you can earn +350%, +1300% and it`s just about BTC. What about the altcoins? They have unexpected % of growth. Most of them grow higher than Bitcoin. Some of them make x10, x50, x100. And it`s only at the BULL MARKETS which start at white areas. So if you are at crypto now start to study and be ready for the next bull market. Please don't follow the majority and leave the market when everyone else does. Your time will come soon, if you prepare for it well. 💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
Education
by Yuriy_Bishko
12
📊Bitcoin HIDEN pattern!Every pattern in trading is created by someone. Why not be the author of the pattern? If you see a succesfull price pattern, you can make a backtest and use it in your trading strategy. In this idea i`ll show you some BTC pattern which the crypto follow for 4-5 years. This pattern is very simple. After the consolidation the price break the range and fell. After dumpo for 50-60% which is liquidated all margin long traders the price continue it`s rise for XXX%. The key thing is the consolidation for 5-12 months. Consolidation is the price movement is the range. Price can consolidate not only inside the patterns as it shown on the chart (channel, triangle, etc.), but just inside the price range $10-12k, $18-22k etc. How does consolidation happen? Consolidation in the price range appears because of the uncertainty of traders in which direction the price will go. When there is conditionally 50% of long traders and 50% of short traders in the market, the price can move only in a narrow range due to uncertainty. What happens when price breaks through a consolidation? For an example of consolidation, let's imagine that price is a spring. The harder the spring is compressed, the more it bounces back. When the price breaks through the consolidation, it contracts like a "spring" and most often falls by 40-50%, as you can see on the chart. After such a huge drop and the liquidation of all long traders, price bounces up. Since most long traders became fuel for the fall, now the short traders who wanted to make money on the fall become fuel for the growth. Now it`s the same! Is the BTC reach the bottom and can start the growth? A lot of traders expect the DUMP to 12-14k and as we know everyone can`t earn, only prepared one. What the price mark will be the bottom for BTC? Or BTC already there? Leave your thoughts on it in the comments! 💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
Education
by Yuriy_Bishko
12
EDUCATION - Types Of Confirmations 📚When trading, it is important to have confirmations. Confirmations are when price moves in a a particular way which tells us that our setup is valid and even, ready for entry. We have 3 main types of confirmations. 1. Trendline Break This confirmation is very simple yet very effective. When price is following a trend, you can often find that there's a trendline that can be placed. This trendline is used as a guide. eg. When price stays below the trendline = bearish when price goes above the trendline = bullish Entry Method: Entry on break of the trendline with stops below the lowest price before the break 2. Break of structure Price tends to test and respect significant price points. e.g. We can draw a structure level when price rejects a certain price point and assume that when price stays below that level = bearish When price breaks above that structure level = bullish Entry Method: Entry on break of structure OR retest of that structure level 3. Moving Average Cross Over Using 2 moving averages can help you ascertain whether price is bullish or bearish. In the crypto market, the 100 and 200 moving averages are often used. eg. When the 100 moving average is below the 200 moving average = bearish When the 100 moving average is above the 200moving average = bullish Entry Method: Once there's a bullish cross over (100 over 200), we can assume price is bullish. We can look for pullbacks for entry COMBINATION Confirmations can be most reliable when more than one is used at the same time e.g. trendline break and break of structure. Please note that these types of confirmations work with ALL market, whether it is Crypto or Forex. See below for various examples of using confirmations when entering the market, particularly the crypto market. BITCOIN ETHEREUM LITECOIN Saveable post:
Education
by WicktatorFX
12
⌛️ Bitcoin vs. Altcoins? Which will have more power?Hello, dear TradingView members. Here is an idea about Bitcoin and Ethereum and their Dominance. This idea aims to talk about what will happen after the correction ahead of us in the near future. There are four charts on this idea: The first one is the Bitcoin weekly chart. This chart shows that Bitcoin is on edge and pushing down. This descending trend is confirmed by the Elliotte Waves and Fibonacci Retracements levels. The price of Bitcoin has already pulled back from point C to D, and once again got rejected and now is continuing the correction. Once the price gets to the solid support, it might fall even more due to psychological panic in the market. The second chart is the Ethereum weekly chart. This chart also shows that ETHUSDT is pushing down even more and has already crossed vital support levels. However, four of my Fibonacci indicators show that the solid support offered on this chart is powerful and be a good level for opening long positions. The third chart is the Bitcoin Dominance chart. This chart shows that the liquidity in the cryptocurrency market is pouring into the Bitcoin market. This liquidity is coming from Ethereum and other altcoins. This suggests that Bitcoin for future long positions is a better choice since it is becoming more stable than other crypto assets. The fourth chart is the Ethereum Dominance chart. This chart shows the liquidity exiting from the Ethereum (Mother of altcoins) market. When this happens, it clearly means that ETH and other altcoins are becoming weak and less stable than BTC due to the low volume of liquidity and power. To sum it up, our result is: By breaking the Bitcoin Dominance upwards and the Ethereum Dominance breaking down, it can be concluded that bitcoin is in a better position than the altcoins. So Bitcoin will have more growth and less decline than the market. Moreover, we can profit more in long trades from Bitcoins and short transactions from altcoins. In the near future after the corrections, we also use RSI to measure the accuracy of this forecast. This correction is taking place because the market needs to fill the gap. If you need to know about Bitcoin's gaps, this chart might be helpful: If you need to learn how RSI works, this chart might be helpful: If you need to learn how Fibonacci works, this chart might be helpful: I hope this idea can be helpful. Let me know if you guys have any questions; I will be more than happy to help. Good luck, and thank you.
Education
by ShawnMCR
31
How To Analyze Any Chart From Scratch - Episode 5Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. Today we are going to go over a practical example on BTC, but you can apply the same logic / strategy on any instrument. Feel free to ask questions or request any instrument for the next episode. You can find the previous episodes below "Related Ideas" Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BITSTAMP:BTCUSDEducation
by TheSignalyst
41
📊Bitcoin consolidation pattern! Read the description!Hi friends, you've probably noticed that Bitcoin and cryptocurrencies start to rise or fall after consolidation. In this idea I will explain why consolidations happen, how to use this in cryptocurrency market analysis and where the next ATH for Bitcoin will be. 📊What is a consolidation? Consolidation is the small price range. Unlike a bullish or bearish trend, a consolidation is the absence of a trend. As we can see from the chart after consolidations price fall or rise for amazing %. In trading it calls "become volatile". 🔸Why consolidations happen? Actually, consolidations happen because of traders sentiment. If the price don`t move in any side this is bad for most of them. As we know, the biggest part of traders earn on the huge price movements. So when the price start consolidate there are no bull or bear power and price move in the range. 🔸What happend when the price leave the consolidation range? Consolidation is like a spring. The harder you squeeze it, the more it bounces back. It's the same with the price. For example, Bitcoin starts to rise or fall a lot when it comes out of consolidation, the spring rebound, and this has happened in all the examples in Bitcoin's history. 🔸What will happen to BTC next? For more 516 days BTC price is in $29-64k consolidation range. Now we can see the largest consolidation since 2015-2016 before the price reached ATH in 2017. 📈If we follow the rule that the longer the consolidation, the bigger the fall/rise, it's actually hard to predict what will happen next. In any case, Bitcoin will not be able to grow by 5000% in the next bull cycle because of its huge capitalization, but 600-900% growth from global lows ($20-26k) is quite possible. 🚩Traders, what do you think about this pattern? What will be the next ATH for Bitcoin in the next bull cycle based on this rules? Write in the comments, let's discuss it together. 💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
Education
by Yuriy_Bishko
10
Negative Divergences Often Warn of Declines: Bitcoin & Gold Negative Divergences Often Warn of Impending Declines: Bitcoin Highlighted…. Is Gold Next? OTC:GBTC COMEX:GC1! INDEX:BTCUSD The CMT Association is proud to publish this guest post from Louise Yamada CMT. Louise was a Managing Director and Head of Technical Research for Smith Barney (Citigroup), and while there, was a perennial leader in the Institutional Investor poll and the top-ranked market technician in 2001, 2002, 2003 and 2004. Louise was the 2016 recipient of the CMT Association’s Lifetime Achievement Award. In these examples we use the moving average convergence divergence (MACD) indicator to illustrate the concept of divergence, to forensically evaluate Bitcoin and to make some forward looking observations on the gold market. Divergences: • Negative momentum divergences often warn of impending price consolidations or declines. • Divergence forms as price moves to a new high while the oscillator fails at a lower high, creating a negative divergence between the oscillator and price. • Divergences of this type suggest that the underlying momentum may be waning. Divergences carry different implications depending upon their time frame. • Daily perspective divergences suggest either a consolidation, or a pullback in an ongoing uptrend. • Weekly perspective divergences suggest a more sustained consolidation or even a reversal of trend, particularly if important support is violated. • Monthly divergences have the potential to result in a more sustained decline or even to reverse an uptrend. MACD sell signals give validity to divergences. • Monthly signals have much more weight than weekly and daily. • Monthly divergences don’t always occur prior to monthly MACD sell signals • But when a sell signal does occur it offers a structural warning. Graystone Bitcoin Trust (GBTC) Weekly: • The March 2021 high (A) was followed by a roughly equal price high (B). However, the MACD momentum peaked at a significantly lower high (Line A1-B1), forming a classic divergence that suggested that upward momentum was fading. • At point C, the weekly MACD moved onto a sell signal (the fast moving average crossed below the slower moving average) strongly suggesting that positions should be either lightened or sold. • After the sell signal was generated, price declined from 50 to 24. • A weekly MACD buy signal was then generated at point D. The subsequent rally carried price near the prior high. • The failure of the MACD to match its prior high warned of potential weakness. • The MACD generated another sell signal at point E, suggesting lightening or selling positions. Price offered another decline from 50 to 24. • After a multi-week consolidation in March-April 2022, price broke below the support @24 (S1-S2). • MACD continues to decline, suggesting that the price decline may not be over, notwithstanding interim rallies. • Before considering a new long, evidence of stabilization at a low and the gradual reversal of the daily, weekly and eventually, monthly MACDs would be required. Grayscale Bitcoin Trust (GBTC) Daily • On the daily perspective chart that there is a divergence from price (A-B) and the MACD (C-D) • The divergence warned of the possibility of bearish developments spreading to the weekly and monthly. Graystone Bitcoin Trust (GBTC) Monthly: • The monthly chart also shows a divergence at points MD1 and MD2 and on the histogram at MD3 and MD4. • At the second price high (B), MACD hadn’t yet generated a sell signal, but it was beginning to flatten and roll over. • One can also see the falling histogram, as the MACD narrows (blue arrow), and the divergence progressed, until it finally generated a clear sell. • Price lingered above the support at 24 (S2) for several months providing ample time to adjust positions before the May 2022 price breakdown. Momentum is still declining, suggesting that it’s too soon to consider re-entry, notwithstanding interim rallies, which can carry into resistance, formerly support. Graystone Bitcoin Trust (GBTC) relative to SPX Weekly: • One can also note a similar warning in the weekly Relative Strength (RS) negative divergence. • In this case the RS for BITCOIN/SPX was also suggesting a change from a period of relative overperformance to one of relative underperformance. Is Gold Next? Gold is displaying many of the same long term MACD warning behaviors evident in the GBTC chart. COMEX Gold Daily: • Despite the May 2020 (R1) and 2022 (R2) price peaks being roughly equal, the MACD (R3 & R4) peaked at a much lower level. • A MACD Sell signal occurred after the 2020 peak (R3), alerting to the possible price decline, which eventually carried to the March 2021 low near 1,700 (S1). • The lower March 2022 MACD peak (R4) also registered a sell signal, suggesting one might lighten positions. COMEX Gold Monthly: • There is a monthly multi-year MACD negative divergence between the 2012 (R1) and 2022 (R2) price peaks. • In 2012, the monthly MACD structural sell signal (R3) was very effective as price collapsed toward 1,100 on the sell signal. • In March 2022, the MACD, registered another major monthly sell (R4), and then subsequently rallied to test the high (R2) without generating a new buy signal (A), a sign of weakness. • The MACD has remained negative and appears poised to perhaps continue down. • This suggests that Gold may be in danger of a potentially large decline, especially if support at 1,700 is broken. • Such a breach could easily find support at the breakout level from the 2013 to 2019 basing pattern at 1400. • It is possible, however, that although GOLD has broken out in many other currencies, the extraordinary current strength in the US dollar may be contributing to the Gold disappointment. Louise Yamada CMT LYAdvisors LLC
GEducation
by CMT_Association
75
📊Why do the trading patterns work?Hi friends! Probably all traders began their career by learning the trading patterns. A trading pattern is a price movement pattern in a certain range. Generally there are 2 types of patterns: candlesticks (shooting star, hammer, bullish or bearish engulfing) and figures (triangles, channels, flags, head and shoulders, etc.). The number of them is constantly increasing, through the change of market, but there are up to 50 main patterns. 📊So why do the trading patterns work? The answer is very simple - because many traders use them in trading. Imagine a traffic light with a red light🔴 According to the rules all drivers who have the same signal stand waiting for a green light✅ Here, it lights up and allows all cars to move in the right direction. It's a clear rule, not only in your country, but in all the countries in the world. The situation is the same with trading patterns. Let's imagine that a chart is a road, and a pattern is a light. The price rises or falls and a pattern is formed. You have determined that it is a bullish pattern, such as a bullish wedge. Of course, you are waiting for the wedge to move to the upper boundary and break it up, that will be a signal to open a trade (green signal to move✅). At the same time, all the drivers (read as "traders") begin buying with you and pushing the price higher and higher. Why do traders do this? As I said in the beginning, patterns, like the rules of the road, are learned by all traders, regardless of nationality, this is the general rule, that is why these patterns work. 📊In what cases do they not work? As you know, most people in the market can't be right. Conventionally, if everyone opened a long and bought Bitcoins at $50,000 and the price went up to $100,000, then someone should have bought those Bitcoins from you for 100% more. If everyone held a long, there would be no one to sell and no one would make a profit in the end. That's why there are always 2 sides in trading: buyers and sellers. With the increasing popularity of patterns, most traders and especially beginners who first study patterns began to open trades according to these rules and .... took a loss. Patterns work especially badly on the cryptocurrency market, which shows how young this market is. But why? All because most cannot be right when trading patterns, otherwise no one would make money. 📊What should I do if I trade only paterns? I would recommend adding more rules to your trading strategy. These can be different trading tools, filters which will help you to remove "fake" signals and increase win rate. For example, trade not the triangle pattern, but its false breakout using a volume indicator: 1️⃣A false breakout in most cases shows that the price will not go in the direction of the breakout, as there are too many willing to open a trade in the direction of the price movement. 2️⃣The volume indicator will show the actual number of buy and sell orders. If the volume at a false breakdown of the lower boundary of the triangle has increased - this tells us that the price is more likely not to move down, as there is serious support there. This is the simplest example. You can also use indicators, additional trend lines, candlestick or fundamental analysis. 💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
Education
by Yuriy_Bishko
6