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Bitcoin (Cryptocurrency)

Is SHIB in the ACCUMULATION phase? Identifying the WHALES!Shiba Inu (SHIB) is one of the most popular project of 2021. After the accumulation phase, it rose by about 1000%! Now the token has dropped by 70% of its ATH and has been consolidating for about 2 months. Could this mean the beginning of a new growth phase? Accumulation phase is the purchase of cryptocurrency by BIG players to sell higher to the retail investor. There's not a lot of HYPE around this token right now. Retail traders who have lost 20-50% of their money are starting to sell out in a panic. At this time, the BIG players buy the available tokens from the market to sell higher to new traders who will come on the next HYPE. The same situation as it was in 2021! It is important to say that if Bitcoin starts its drop, then altcoins will drop too. Is this really the accumulation phase and we close to RENEW the ATH? We will only know after some time, but we already see the signs of accumulation phase on the chart. 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
General Pattern Failure Explained on BitcoinWhat is General Pattern Failure? General Pattern Failure occurs when a chart pattern breaks out, fails to hit target, quickly reverses then rejects off that same breakout level back inside the pattern continuing in the opposite direction of the breakout. Pictured above in the original chart is a normal breakout on a Inverse Head And Shoulders Pattern while the lower very right examples show General Pattern Failure on the same pattern. Note how the first example has a Bullish Retest (A) where price actually increases at the breakout while the second example is coming back inside that area and finding resistance back inside of the pattern, (Bearish Retest, (B) this then leads to price falling back inside with strong volume/momentum. General pattern failure can also be considered a Liquidity Grab or can be referred to as a “Fake Out”. ----------------------------------------------------------------------------------------- Other Examples: The below image shows General Pattern Failure occuring in the opposite direction on #Bitcoin at $11000 on a Head & Shoulders Pattern. The below image shows General Pattern Failure occuring on BNB Binance Coin (Great Example, Click the image to see the trade play out) ----------------------------------------------------------------------------------------- Final Thoughts: So by using the above methodology we have a potential clue here for Bitcoins next movement, I am watching the 49-50k area to see if we continue to fall or see a short term push (if we get back above the Inverse Head & Shoulders Pattern, $53000 is the next area of interest). Learning to trade patterns such as these can provide great opportunities if you understand price action and how to identify the key areas of the pattern that other traders and investors may be focusing on too, these areas become important psychological levels on the chart that allow us to map out potential trades.
COINBASE:BTCUSDEducation
by Worth_The_Ri5k
Hammer Candlestick Pattern 📉📉📉📉 A hammer candlestick is a technical trading pattern that resembles a “T” whereby the price trend of a security will fall below its opening price, illustrating a long lower shadow, and then consequently reverse and close near its opening. Hammer candlestick patterns occur after a security has fallen in price, typically over three trading days. They are often considered signals for a reversal pattern. 📉 The hammer candlestick is a bullish trading pattern that may indicate that a stock or other assets like currency pairs/crypto coins has reached its bottom, and is positioned for trend reversal 📉 According to most textbooks: Whenever you spot a Hammer candlestick pattern, you should go long because the market is about to reverse higher. And that's what you do. The price immediately reverses and you get stopped out for a loss. 📉 Hammer candlestick is a unique candlestick pattern that indicates a potential trend reversal. Since it forms in a downtrend, traders associate the hammer with the return of bullish trend in the market. It is a short green candle with long lower shadow, which signifies lower price rejection by the market. Do you use hammer candlestick pattern in your analysis ? What do you think about it ?
BINANCE:BTCUSDEducation
by AnonimFXRO
Cryptocurency - Coin & Token Types: The Ultimate GuideIt’s important not to confuse the terms “cryptocurrencies” , "Coins " and “tokens,” Different type of them ,as there are fundamental differences that distinguish them. Summary: To put simply ,The two most common blockchain-based digital assets are cryptocurrencies and tokens. The biggest differentiation between the two is that cryptocurrencies have their own blockchains, whereas crypto tokens are built on an existing blockchain. What Is a Digital Asset? Broadly speaking, a digital asset is a non-tangible asset that is created, traded, and stored in a digital format. In the context of blockchain, digital assets include cryptocurrency and crypto tokens. What is a cryptocurrency coin? Cryptocurrency coin, like Bitcoin , is essentially a digital form of money that is backed up by a native blockchain The functions of a coin are strictly monetary — you can use it as a mean of payment, store of value, or as a speculative asset to trade, and essentially that’s it. The features of a coin are also similar to fiat money — it is fungible, divisible, and the supply is limited. By definition, a cryptocurrency coin serves only as a digital form of money. The most distinctive feature of a coin is that it is native to the blockchain it’s made on and operates independently from any other platform. Okay, then what is “altcoin”? This is essentially any cryptocurrency coin that has its own blockchain but is not Bitcoin . Some altcoins are just forks to Bitcoin , meaning that they base on Bitcoin’s open-source protocol but still have their own blockchains, like Litecoin. Others, like Monero or Ethereum , are completely independent blockchains. What is a token? The token is a non-native blockchain asset and its value goes beyond only monetary functions. Tokens also require another platform to exist and operate. For example, ETH is a cryptocurrency that is native to the Ethereum blockchain, which makes it a coin. However, one of the primary features of the Ethereum network is the ability to create new tokens within the network. The cryptocurrencies that are created on this network will be called tokens. For example, USDT — the most popular stablecoin pegged to the value of $USD is a token, which operates on the Ethereum blockchain. A cryptographic token is a digital unit of value that lives on the blockchain. There are four main types: 1-Payment tokens 2-Utility tokens 3-Security tokens 4-Non-fungible tokens Fungibility : All crypto tokens break down into two broad categories — non-fungible and fungible, with the latter being the most common type. Fungibility is a feature of a token which essentially means that one token is indistinguishable from another. In simple words, a dollar is always a dollar, and Bitcoin is always Bitcoin . You can exchange the $10 bills with your friend and each of you will still have the same value in the wallet. but Non-fungible tokens, or NFTs, are a type of cryptographic token — a digital representation of value that lives on the blockchain. NFTs can represent the value of physical assets. A painting, for instance. But they can also represent the value of digital assets, such as a short story that is only available online. NFTs have three characteristics that set them apart from other types of token: 1. THEY’RE UNIQUE -2. THEY’RE VERIFIABLE- 3. THEY’RE TRADEABLE -Utility Tokens: Utility tokens are a popular type of fungible tokens that you can think of as the chips at the casino. In the same way that you need to buy chips to play blackjack or poker, you need utility tokens to power the operations on the protocol. The most famous utility token example is Ether which powers all the transactions and smart contracts on the Ethereum network. As we just said before, ETH can be used as a means of payment, however, its primary purpose is to be utilized in the blockchain. Social Tokens (fan tokens):Social tokens can be a very interesting type of crypto utility asset that recently gained a lot of popularity among the crypto space and also presented the concept of tokenization to the broader public. In simple words, social tokens are backed by the reputation of an individual, brand, sports club, or just any community -Security Tokens vs Equity Tokens In simple, security tokens are common stock on the blockchain. These tokens are similar to the company shares held by the investors and companies usually issue voting rights through a blockchain platform. The tokens are liquidated to create an Equity Tokens. In other words, these tokens contribute an investment contract, where the Investors typically purchase in anticipation of future profits in the form of dividends, equal sharing of revenue generated and the normal appreciation process. Security tokens bridge the gap between the traditional financial sector and the blockchain framework; it’s one of the reasons banks have initiated the integrated Blockchain frameworks in their system. Issuing security tokens allows investors to raise funds through a thoroughly regulated digital share of its equity, asset or part of the revenue. The key difference between Security Token and Equity Token is that in the security token, an asset like real estate, gold etc. are used as collateral. However, in the case of Equity tokens, the shares of the company are diluted into tokens. We can place coins and tokens in different categories as you can see in the chart above, and some of them are common to other categories. As digital currencies are emerging, various other categories may be added in the future. -Governance token Governance token is the type of crypto asset that grants its holders decision-making rights over the project’s protocol, its product, and its features .it represent voting power on a blockchain project. They represent the main utility token of DeFi protocols since they distribute powers and rights to users via tokens. Governance discussions on Yearn Finance. With these tokens, one can create and vote on governance proposals. -Also Metaverse tokens are a unit of virtual currency used to make digital transactions within the metaverse. Since metaverses are built on the blockchain, transactions on underlying networks are near-instant. Blockchains are designed to ensure trust and security, making the metaverse the perfect environment for an economy free of corruption and financial fraud. -DeFi tokens represent a diverse set of cryptocurrencies native to automated, decentralized platforms that operate using smart contracts. These provide users' access to a suite of financial applications and services built on the different blockchains. If you liked this and would like more you can visit us online Hodl & Shill we also have a private Discord Server
Education
by hodlandshill
TDI Trading Indicator 📉📉📉📉 Let’s break down the Traders Dynamic Index indicator and go through it a little bit. As you can see, this scalping indicator has five moving averages. The green line is called the price line and is similar to the RSI indicator and represents the market sentiment. It shows you how the market is moving related to positive and negative expectation. the settings for the price line is 2. The red line is called the signal line is simply a crossover of the green line and can be used for entry and exit in the market. The settings for the signal line is 7. The yellow line is called the base line is what we refer to as the overall market sentiment. It shows the overall direction of the market. The overall market has a tendency to do two things. It can turn slowly, or it can continue to go in the initial direction. This is because it’s too big and it can’t turn too quickly. It’s got to come to a gradual end. The settings for the base line is 34. Last but not least, we have two blue lines, one above and one below. Those blue lines represent the volatility in the market, similar to the Bollinger Bands. They are increasing and decreasing volatility. Traders Dynamic Index (TDI) MetaTrader indicator — a comprehensive but helpful indicator that uses RSI (Relative Strength Index), its moving averages, and volatility bands (based on Bollinger Bands) to offer traders a full picture of the current Forex market situation. This indicator can use sound and visual alerts. 📉 The TDI is the only technical indicator that can read the market sentiment, market volatility, and momentum at the same time. The concept is very simple, it is 3 rsi indicators on 3 different time frames and then it is combined with Bollinger bands. That is where the 5 lines come from 📉 Traders Dynamic Index (TDI) MetaTrader indicator — a comprehensive but helpful indicator that uses RSI (Relative Strength Index), its moving averages, and volatility bands (based on Bollinger Bands) to offer traders a full picture of the current Forex market situation. This indicator can use sound and visual alerts. Do you use this trading indicator ? What do you think ?
OANDA:XAUUSDEducation
by AnonimFXRO
📉📉📉 Wedge Trading Pattern 📉 What Is a Wedge? A wedge is a price pattern marked by converging trend lines on a price chart. The two trend lines are drawn to connect the respective highs and lows of a price series over the course of 10 to 50 periods. The lines show that the highs and the lows are either rising or falling and differing rates, giving the appearance of a wedge as the lines approach a convergence. Wedge shaped trend lines are considered useful indicators of a potential reversal in price action by technical analysts. 📉 Understanding the Wedge Pattern A wedge pattern can signal either bullish or bearish price reversals. In either case, this pattern holds three common characteristics: first, the converging trend lines; second, a pattern of declining volume as the price progresses through the pattern; third, a breakout from one of the trend lines. The two forms of the wedge pattern are a rising wedge (which signals a bearish reversal) or a falling wedge (which signals a bullish reversal). 📉 Falling Wedge When a security's price has been falling over time, a wedge pattern can occur just as the trend makes its final downward move. The trend lines drawn above the highs and below the lows on the price chart pattern can converge as the price slide loses momentum and buyers step in to slow the rate of decline. Before the lines converge, price may breakout above the upper trend line. This usually occurs when a security’s price has been rising over time, but it can also occur in the midst of a downward trend as well. The trend lines drawn above and below the price chart pattern can converge to help a trader or analyst anticipate a breakout reversal. While price can be out of either trend line, wedge patterns have a tendency to break in the opposite direction from the trend lines. 📉 Rising Wedge This usually occurs when a security’s price has been rising over time, but it can also occur in the midst of a downward trend as well. The trend lines drawn above and below the price chart pattern can converge to help a trader or analyst anticipate a breakout reversal. While price can be out of either trend line, wedge patterns have a tendency to break in the opposite direction from the trend lines. Do you use this trading pattern ?
OANDA:XAUUSDEducation
by AnonimFXRO
Understanding Bitcoin from a different perspective #3What is the value of bitcoin? Is it an asset or currency? In my opinion it is neither just yet. In article #1 We discovered that the first time bitcoin was priced by an exchange. They did so by calculating the electricity it took a single computer to mine a bitcoin. So if the last bitcoin will be mined in 2040,What then will bitcoin be priced by? January 31/2014 Despite the People's Bank of China clamping restrictions on the currency just a month ago, BTC China has resumed trading. Prices have remained stable. BTC China, one of the most well-known exchanges in the world, said that it would resume allowing yuan trades. "Everything is fine. It was never explicitly banned by the government." BTC China CEO Bobby Lee told CNBC. It appears like there has been a lot of fuss for nothing. That was after a 70% drop in the price of bitcoin a month before😡😡. February 24/2014 Mt. Gox, the world's largest bitcoin exchange, has declared bankruptcy.The exchange was broke; nearly all of its Bitcoin assets had vanished, including approximately 650,000 coins belonging to customers (worth approximately $40 million) and 100,000 belonging to the exchange itself. Using a weakness in the Bitcoin protocol, hackers siphoned off all of the exchange's assets. "Transaction malleability" was a design flaw that allowed for numerous withdrawals of the same amount, but it wasn't a novel concept. The problem had already been identified and coded around by other exchanges. Surprisingly, Bitcoin withstands the reputational damage, with people blaming the exchange rather than the asset. Bitcoin has fallen from a high of around $1,160 in December 2013 to less than $400 in February 2014. March 26/2014 Following China's approach, the IRS has determined that Bitcoin is property rather than cash, making it subject to capital gains tax. The move shattered the cryptocurrency's founding values of freedom and decentralization. The lack of faith resulted in a 33% drop in value over the next month, from over $600 on March 10 to just over $400 in mid-April. June 13/2014 Mining pool GHash now controls 51% of all hashing output, allowing it to circumvent Bitcoin's blockchain's decentralization and exert control over many of its functionalities. What exactly does this imply? Hashing is the computation process that makes a Bitcoin .it's what miners execute to build individual blocks, which are subsequently added to the chain. If someone holds more than 51% of the hashrate, they can reject or even reverse transactions, spend the same coins twice, demand higher fees, and even deny the Bitcoin network service. Later that year, the mining pool convened a round table of miners and developers to try to come up with a long-term solution to the 51 percent problem. This resulted in support for the Segregated Witness feature (more on that later). July 30/2014 Over the summer, a slew of eager businesses joined the Bitcoin bandwagon, including Microsoft (MSFT), Dell (DELL), Braintree (a Paypal (PYPL) subsidiary), and online shopping behemoth Overstock (OSTK). However, the long-term price decline continues, and by the end of the year, Bitcoin will be back below $300. In fact, it's possible that the major corporations were the ones that pushed the price down. Accepting Bitcoin as payment, they'd instantly sell their holdings on the market in order to convert them back into regular cash, increasing supply and depreciating Bitcoin. Wait i thought institutions investing in bitcoin will take us to the moon. That's what crypto twitter tells us. Unexpectedly, a trader sells the largest Bitcoin transaction ever. He attempts to sell 30,000 coins on the Bitstamp platform for $300, significantly below the current selling price in the mid-300s. the market is so perplexed by the 'Bearwhale'? Why sell it so cheap? - the price sways a little. But just for a brief moment.Some believe the $9 million cut-price deal's magnitude was an intentional move to increase the market's prominence and attract new buyers, which would have helped absorb the volume.In the Bitcoin realm, the "slaying of the Bearwhale" has become legendary, generating a plethora of mythology, poetry, and art to commemorate his antics. January 04/2015: Hackers use a targeted phishing assault on Bitstamp employee Luka Kodric to obtain access to the exchange's systems and steal nearly 20,000 Bitcoins worth over $5 million. The price dips from $264 on January 4 to $171 the following week. It wasn't the end of the world, and it certainly wasn't another Mt. Gox. The thieves only took a small part of Bitstamp's total coins, and the theft had no impact on client accounts or the "cold storage" section where the majority of the company's assets were housed. February 04/2015 Over 100,000 merchants now accept Bitcoin, including Microsoft (MSFT), Dell (DELL), Wikipedia, Twitch, Greenpeace, Expedia (EXPE), and PayPal (PYPL). People may feel confident that Bitcoin has genuine value as money, not only as a digital investment, thanks to widespread merchant adoption.Bitcoin venture capital activity increased by 342 percent last year, from $96 million in 2013 to $335 million in 2014, according to data from Bitcoin payment processor BitPay. Xapo received $40 million, Blockchain received $30 million, and BitPay received $30.5 million. A few things worth noting: China and bitcoin have a toxic relationship Bitcoin dipped from above $1000 to $171👀. The legend of bearwhale. Ghash has ever had 51% control over the entire bitcoin network Written by neotrader
Education
by trader734567
📉📉 FEAR/GREED INDEX 📉 Why Measure Fear and Greed? The crypto market behaviour is very emotional. People tend to get greedy when the market is rising which results in FOMO (Fear of missing out). Also, people often sell their coins in irrational reaction of seeing red numbers. With our Fear and Greed Index, we try to save you from your own emotional overreactions. There are two simple assumptions: 📉 Extreme fear can be a sign that investors are too worried. That could be a buying opportunity. When Investors are getting too greedy, that means the market is due for a correction. Therefore, we analyze the current sentiment of the Bitcoin market and crunch the numbers into a simple meter from 0 to 100. Zero means "Extreme Fear", while 100 means "Extreme Greed". See below for further information on our data sources.
COINBASE:BTCUSDEducation
by AnonimFXRO
Understanding Bitcoin from a different perspective #2April 11,2013 Bitcoin drops over 70% in two days as a panic sell-off ensues. Satoshi Nakamoto is? Well the mystery of satoshi will always be there. For me i think satoshi is an idealist. Rather than speculate lets try analyze a moment which was a tipping point for bitcoin." Wikileaks announced that they were accepting Bitcoin donations because they were kicked off of every other major payment platform. Wikileaks was all over the news for publishing confidential military documents and the first time many people ever heard of Bitcoin was when it was mentioned in association with Wikileaks". Satoshi: "It would have been nice to get this attention in any other context. WikiLeaks has kicked the hornet’s nest, and the swarm is headed towards us." Simply put satoshi was creating something he truly believed would change the world. He believed in the bitcoin community. The quality of any good leader is the ability to delegate and by satoshi walking away from bitcoin actually helped the network grow the idea of peer to peer exchange of value. Bitcoin fell from $228.94 to $68.09 in just six days after a selling frenzy began, leaving bitcoin back to where it had started for the month. What the hell was happening back then. "Anybody who was trading bitcoin back then and is interested with having a conversation please comment or dm me." Mt Gox was unable to keep up with the increased trade volume. Who, at the time, controlled over 70% of all Bitcoin trading. They had to halt trading completely to allow things to calm down. The exchange stated that the "astonishing number of new accounts registered in the recent few days...had a major impact on the overall system, which began to lag." People began to panic, and sell Bitcoin in large quantities, resulting in an upsurge in trading that eventually crashed the trade engine. It was a bit of a slap in the face for investors, but the previous month had witnessed such a tremendous rise that anyone who had purchased the currency the month before would still be in the black. Let me buy some more bitcoin just in honor of that. The US government seizes Bitcoin for the first time, causing values to plummet by just under 7%. Following a raid on an alleged drug dealer, the United States officials stated on April 12 that they had made their first ever Bitcoin confiscation. A man suspected of selling drugs on Silk Road was apprehended by the Drug Enforcement Administration with 11.02 Bitcoins. The unofficial Pablo Escobar of bitcoin. Prices fell to a low of $66.93 on July 5 after beginning the year at $13.24 and reaching highs of $235.29 in April. Mt. Gox, the world's most well-known Bitcoin exchange, has ceased paying out in US dollars, citing "increasing volume of transactions" as an excuse. Following the euphoria of Bitcoin's remarkable surge earlier this year, the media has gradually lost interest in the cryptocurrency. Furthermore, you could still not buy a lot of things with Bitcoin at this time, which is a bit of a bummer for a currency. Oh, but this young coin has a very different future ahead of it just wait. This is one of those times where you wish you had a time machine to go and buy the dips. Remember Silk Road, the anonymous online black market that accepted Bitcoin as payment? The plug is finally pulled in October 2013, causing Bitcoin prices to plummet over 18 percent from $127.30 to $103.85, with a low of $85. Ulbricht was apprehended in the San Francisco Public Library after a two-year FBI sting (back in the day when books were a thing). The Dread Pirate was sentenced to life in jail after 144,000 Bitcoins were seized from his personal wallets and sold in a blind auction (won by famed crypto champion Tim Draper). However, he remains one of Bitcoin's most ardent supporters. Despite the controversy, Bitcoin rose by 13% the day after the arrest. Nov20/2013 Welcome china to bitcoin( The fud country😅) Wang Yi, China's foreign minister, has taken a constructive stance. At a conference, he declares that Chinese citizens are "free to participate in the Bitcoin market," promising to "take a long-term perspective" on the currency. This reassurance helped to ease people's worries considerably. Trading volumes increased at BTC China (at the time, the world's largest Bitcoin exchange), while the global Bitcoin price rose from just over $600 to over $1,000. China has always had a significant influence on Bitcoin, with Chinese traders eager to embrace its freedoms as a viable alternative to their country's tightly controlled currency. In November, Bitcoin reaches $1,000, bringing an end to a long-term price surge that began with the first Bitcoin halving in 2012. But wait, there's more to the story. According to research from the University of Tulsa and Tel Aviv University, the 2013 rise was likely caused by two bots — each controlled by a single shadowy figure in the background. Over the course of a year, the bots bought and sold hundreds of thousands of Bitcoins to manipulate the market. On November 19, the price rose and fell by as much as 50% in a single day, demonstrating the extreme volatility of the month. It peaked at $1,163 on November 30 before beginning a longer-term downtrend that would persist for the next two years. Dec 5/2013 China reverses its stance on Bitcoin. The Chinese central bank officially outlawed the use of the currency by financial institutions and payment companies, resulting in an unanticipated collapse. Although purchasing real items with virtual currency has been prohibited in China since 2009, internet companies such as Baidu (BIDU) and YeePay continued to take Bitcoin for a variety of services. All of that came to an end in 2013, when the central bank declared Bitcoin to be an asset rather than a currency. People were furious since this made it liable for a slew of additional taxes. BTC China, the country's largest crypto exchange, stopped taking Yuan deposits the same month. Despite the fact that it was still legal for individuals to exchange the coin, without third-party payment providers, activity virtually ended instantly.Is China a major Bitcoin influencer? Well just after the ban bitcoin did its thing from $1,131.76 on December 4 to $693.30 on December 7, it lost over half its worth. For the next three years, it wouldn't close out at $1,000. Written by neotrader
INDEX:BTCUSDEducation
by trader734567
5
Tweezer Tops vs Tweezer Bottom 📉📉📉📉 A tweezer is a technical analysis pattern, commonly involving two candlesticks, that can signify either a market top or bottom. Tweezer bottoms are considered to be short-term bullish reversal patterns, whereas tweezer tops are thought to be bearish reversals. 📉 Tweezer top indicates a bearish reversal whereas Tweezer bottom indicates a bullish reversal. Tweezer top candlestick pattern occurs when the high of two candlesticks are almost or the same after an uptrend 📉 A Tweezer Bottom occurs during a downtrend when sellers push prices lower, often ending the session near the lows, but were not able to push the bottom any further. Tweezer Bottoms are considered to be short-term bullish reversal patterns that signal a market bottom. A tweezers top is when two candles occur back to back with very similar highs. A tweezers bottom occurs when two candles, back to back, occur with very similar lows. The pattern is more important when there is a strong shift in momentum between the first candle and the second Do you use twezzer tops or bottoms ?
TVC:DXYEducation
by AnonimFXRO
✅ RISK ON vs RISK OFF ✅ Today we will talk about RISK ON vs RISK OFF Market Sentiment as i use this confluence to enter trades. 🎯 Risk ON vs Risk OFF market sentiment reflects all the market activity, its not a market sentiment for crypto or forex or stock market its for all the financial markets, when i use this confluence i try to understand what are institutional/retail investors are doing are they buying risk on assets or they are buying risk on assets. 🎯 Usually investors buy risk on assets when they are looking for risk meaning they want higher yield on their investment they want to MULTIPLY money(key word) this is happening during times of financial prosperity, no wars, no lockdowns, no problems around the world everyone are doing great and making money 🎯 On other side RISK OFF is when investors tend to buy financil assets that PROTECT (key word) their capital they dont want a high yield they want just to save their money and protect during time of financial stress, wars, lockdowns when everything is not clear and safe. ✅ RISK ON Assets Stock Market Crypto USOil AUD NZD CAD EUR GBP ✅ RISK OFF Assets Government Bonds JPY CHF USD GOLD SILVER
COINBASE:BTCUSDEducation
by AnonimFXRO
Combining wyckoff's theory with ONCHAIN data"This is a hypothesis that needs more testing to be more precise." Wyckoff's theory t is one of the most influential theories of market expression, and the most important components of which are lateral movement areas and trends. This theory turns the graph into something like Dots and lines (stations and paths). But it is not as easy to use as written in books. After getting acquainted with Wyckoff's theory, I read several books on the subject, hoping that they could help me identify this area of ​​lateral movement, the area of accumulation, or distribution. But there was a fundamental drawback. It is challenging to diagnose this issue. In fact, the rules discussed in these books are highly interpretive and subjective, and two different individual traders may come to exactly opposite conclusions based on their interpretation. But as I became more familiar with the onchain analysis, an idea came to my mind that might be useful for more objectively recognizing charts based on Wyckoff's theory. Composite Man: Wyckoff proposed a theory to help understand price movements in stocks. this is the “Composite Man” theory. (The same concept of whales or strong hands.) he said: “…all the fluctuations in the market and in all the various stocks should be studied as if they were the result of one man’s operations. Let us call him the Composite Man, who, in theory, sits behind the scenes and manipulates the stocks to your disadvantage if you do not understand the game as he plays it; and to your great profit if you do understand it.” (The Richard D. Wyckoff Course in Stock Market Science and Technique, section 9, p. 1-2) In fact, composite Man is a hypothetical man who has so much money and stocks that when he wants he can gradually increase the price by buying stocks and creating demand, and when the price goes high enough he selles his stock and lower the price. The composite man is the main player in the market. Wyckoff says that if you want to make a good profit from the market, figure out what a composite man game is. In fact, having a way of showing us where the Composite Man is in the market, can help us understand future trends Who are the strong hands in the cryptocurrency market? (I use the strong hand word here instead of the composite man) There are those who buy or sell more per capita than other market participants (retailers). To understand this in the bitcoin market, I have used 3 charts and concepts: 1- Sending Addresses: The number of coins addresses making inflow transactions to the exchange. Indicates the number of sellers' wallets (number of sellers) 2- buyers Addresses: The number of coins addresses making outflow transactions from the exchange. Indicates the number of buyers' wallets (number of buyers) 3- Pay attention to this issue: the volume of transactions shows both the volume of sales and the buy (Volume of buy and sale is equal in the market) Considering the above 3 issues, it can be concluded: - If the number of Receiving Addresses is higher than the Sending Addresses (the number of people who bought compared to the number of those who sold), it indicates that more people bought and fewer people sold (given that the volume of sales and buys are the same) So the sellers were stronger hands. In such a situation, the composite man is on the sales side. - If the number of Sending Addresses is higher than the Receiving Addresses (number of people who have sold more than the number of people who have bought), it indicates that more people have been sellers and fewer people have been buyers (given that the volume of sales and buys are the same) so the buyers were stronger hands. In such a situation, the Composite man is on the buying side. To do this, the oscillator at the bottom of the chart divides the Number of Receiving Addresses by the Number of Sending Addresses. Numbers above 1.2 indicate that the Composite man is on the side of the sellers and should expect a price reduction in the future. Values below 1 (or 1.2) indicate that the Composite man is on the buyers side. And we should expect price increases in the future.
BITSTAMP:BTCUSDEducation
by cryptoonchain
spike & channel trend line on the #bitcoin 🔥 hi there we all heard abut breakout's but normally price always put people behind therefor price make a spike but what should we do after recognize that. well there is some that we can doo about it first we must analyze the channel after it see if it's a week channel of a strong channel because there is high chance that chart 📉 might make another spike in the same direction. if the channel is weak then we might have a deep pullback but if the channel is strong we might have the second spike without any pullbacks. I'll be happy to see your comment's cheers 🥂.
Education
by trader2613
Power of Consistency 📉📉📉Consistency Power 🔰 Don't focus on short term results when trading, it's a marathon not a sprint. You can't become elite traders overnight 🔰 Don't care about short term results and single trade outcome, only look at the weekly,monthly results as they are not random as daily results,a single trade means nothing dont be anxious and change something in your system only if you have more than 100 trades journaled so you know what works and what doesn't 🔰 Don't try to hit home runs aka BIG RETURNS OVERNIGHT it's a gambler short term thinking and their account have zero durability overtime 🔰 Focus on risk management and improve your edge over the market on a daily basis both technical and mental/emotional LONG TERM over SHORT TERM ✅
BINANCE:BTCUSDEducation
by AnonimFXRO
Cup and Handle Trading Pattern 📉📉📉✅ A cup and handle is a technical chart pattern that resembles a cup and handle where the cup is in the shape of a "u" and the handle has a slight downward drift. A cup and handle is considered a bullish signal extending an uptrend, and it is used to spot opportunities to go long. 🎯 Cup Handle Pattern William O'Neil's Cup with Handle is a bullish continuation pattern that marks a consolidation period followed by a breakout. ... The cup forms after an advance and looks like a bowl or rounding bottom. As the cup is completed, a trading range develops on the right-hand side and the handle is formed 🎯 What happens after cup and handle pattern? If a cup and handle pattern is confirmed, it will be followed by a bullish price move upward. You can pick a price target based on the size of the cup, but it becomes much less clear what will happen after the initial breakout from the cup and handle pattern. 🎯 How reliable is cup and handle pattern? The accuracy rate for cup and handle pattern for forex and stock on Daily timeframe are 65% and 68% respectively.
BITFINEX:BTCUSDEducation
by AnonimFXRO
2
Marubozu Candlestick Pattern 📉📉📉📉 What is a Marubozu in forex? A Marubozu is a long or tall Japanese candlestick with no upper or lower shadow (or wick). The candlestick pattern comes in both a bearish (red or black) and a bullish (green or white) form and is easy to spot due to its long body. It basically looks like a vertical rectangle. 📉 How can you tell if Marubozu is bullish? The closing Marubozu is a stronger candlestick pattern. It is formed when the close price is equal to the high or the low of the day. When the close price is equal to the low then it is called bearish and when the close is equal to the high it is a bullish Marubozu 📉 What happens after a Marubozu candle? After two long red candles, the bearish Marubozu close pattern occurs, which signals that the bears are still a dominant force. Ultimately, the price action continues to move lower as the market was very bearish during this period of time 📉 How do you use a Marubozu candlestick? Basically, when trading marubozu candlesticks, Watch for bullish or bearish candlesticks to form. If bullish, take a long when price breaks above. Place stop below candlesticks. If bearish, take a short when price falls below. Place a stop above candlestick.
BITFINEX:BTCUSDEducation
by AnonimFXRO
Stochastic Trading Indicator 📉📉📉📉 The Stochastic Oscillator is a momentum indicator that shows the location of the close relative to the high-low range over a set number of periods. The indicator can range from 0 to 100. The closing price tends to close near the high in an uptrend and near the low in a downtrend, the stochastic indicator is a two-line indicator that can be applied to any chart. It fluctuates between 0 and 100. The indicator shows how the current price compares to the highest and lowest price levels over a predetermined past period. 📉 How do you use a stochastic indicator? How to use the Stochastic indicator and “predict” market turning points If the price is above 200-period moving average (MA), then look for long setups when Stochastic is oversold. If the price is below 200-period moving average (MA), then look for short setups when Stochastic is overbought. 📉 Is fast stochastic good? The "fast" stochastic uses the most recent price data, while the "slow" stochastic uses a moving average. Therefore, the fast version will react more quickly with timely signals, but may also produce false signals. The slow version will be smoother, taking more time to produce signals, but may be more accurate. Do you use Stochastic Indicator ?
BITFINEX:BTCUSDEducation
by AnonimFXRO
1
Trading Psychology 📉📉📉✅ If you asked me to distill trading down to its simplest form, I would say that it is a pattern recognition numbers game We use market analysis to identify the patterns, define the risk, and determine when to take profits. The trade either works or it doesn't. ✅ In any case, we go on to die next trade. It's that simple, but it's certainly not easy. In fact, trading is probably the hardest thing you'll ever attempt to be successful at. That's not because it requires intellect; quite the contrary! But because the more you think you know, the less successful you'll be. ✅ The mechanical stage of trading is specifically designed to build the kind of trading skills (trust, confidence, and thinking in probabilities The first step in the process of creating consistency is to start noticing what you're thinking, saying, and doing Creating a belief that "I am a consistent winner" is the primary objective 🎯 I AM A CONSISTENT WINNER BECAUSE: 1. I objectively identify my edges. 2. I predefine the risk of every trade. 3. I completely accept risk or I am willing to let go of the trade. 4. I act on my edges without reservation or hesitation. 5. I pay myself as the market makes money available to me. 6. I continually monitor my susceptibility for making errors. 7. I understand the absolute necessity of these principles of consistent success an d, therefore, I never violate them. 🎯 The greater your confidence, the easier it will be to execute your trades To even start this process, you have to want consistency so much that you would be willing to give up all the other reasons, motivations, or agendas you have for trading that aren't consistent with the process of integrating the beliefs that create consistency. A clear, intense desire is an absolute prerequisite if you're going to make this process work for you. The object of this exercise is to convince yourself that trading is just a simple game of probabilities ✅✅✅
OANDA:XAUUSDEducation
by AnonimFXRO
Trade Defensively 🔰🔰🔰 🔰 Trading Defensively • Proper Lot Size Stop changing the lot size on each trade you take based on the ,, confluences,, your risk should be pre-determined and fixed. Example you risk only 0.50% from your account on each trade • Take Profits before News Release Number one goal is to protect your equity, news can bring high volatility into the markets and random big moves. It is better to fix your profit or move your stoploss to breakeven before important news release • Use Trailing Stops Secure the profits and let your winners run, you can apply this strategy when you are already in profit and want to squeeze more from the trade • Multiple Take Profits Remember that a win is still a WIN, you dont need big profits to be profitable in the market. You need small consistent wins and over time you will see the difference Was this information valuable ?
BINANCE:BTCUSDEducation
by AnonimFXRO
Why i TRADE ✅💸 Why i Trade ? Trading is a serious endeavour where you meet with the financial elites of the world, i will give you couple reasons why i trade and why do i recommend it for you as well. ✅ Be your own BOSS You don't have a BOSS, you are your own boss. You have to be very disciplined because no one is looking at you to be productive ✅ Freedom of Time You have the Freedom of Time to work when you want, from where you want. As the advantage above you have to stay very disciplined because it takes time to acquire the skill ✅ Travel You can travel whenever you want as you are your own boss, this happens only if you are a profitable trader. I dont recommend you to trade during travelling as your focus level hardly decrease What any advantage you see ?
BINANCE:BTCUSDEducation
by AnonimFXRO
Two Biggest Trading Mistakes 📉📉📉✅ Two Biggest Mistakes in Trading . ✅ No STOP LOSS Run the risk of incurring a much bigger loss than expected may lead to wishfull thinking and end up holding and hoping may cause panic selling when trade goes against your direction, no stop loss trading in the long term will kill your account in the short term you can survive. ✅Overtrading - Higher change of losing focus as there are too many traders placed wil be emotionally overwhelmed to perform optimally, placing oversized positions than one can handle financially What do you think ?
BINANCE:BTCUSDEducation
by AnonimFXRO