Get started

Bitcoin (Cryptocurrency)

Strong Shakeout/StopLoss-Hunt Reveals The Bottom - RSKThis is the pattern that reveals the bottom for the Altcoins (Altcoins vs Bitcoin). We are looking at it on the RSK Infrastructure Framework (RIFBTC) chart but it is present/showing up everywhere. This pattern is what we call a "shakeout" or a stop-loss hunt move. The market breaks down strong below support just to move quickly back above it. This started happening 24-Jan. and 7 days later all loses have been recovered and instead of consolidation/sideways we will see a new uptrend form. Another detail about this pattern is the bullish divergence that always shows up long-term. If you zoomout, you can see the higher low on the MACD and the lower low on RIFBTC. Keep this pattern in mind when looking for new trading opportunities. I really hope it helps. Namaste.
Education
by MasterAnanda
1
What To Focus On As A BeginnerFocusing on winning trades is your setback as a beginner Every individual begins their trading journey with the idea that trading is all about winning trades and making money. Soon after their dreams are shattered when they realise it was not as easy as they had thought it would be. Now as we all know, the road to success to many is long and difficult, and that’s exactly what makes them successful. So why should the road to success in trading be any different? Look at top performing athletes, they trained for years before reaching any kind of success that definitely did not occur overnight. This bring me to my main point where many traders could be failing due to focusing on winning trades rather than the process it takes to become a good trader. Every trader beginning their journey needs to understand that trading the financial markets is no different than a top performing athlete. In order to achieve success, one needs to develop their skills over years. Instead of focusing on winning every single trade, one should be focusing on the process and the experience they are gaining over this time. Studying your mistakes, your losses, your psychological weaknesses, your analysis, and your understanding of the charts, are far more important at this stage than focusing on winning trades. Look at your trading journey like a student attending university, a student will learn over years different topics, where some will seem worthless at the time, but will however develop their skills in the necessary fields to succeed in the future. Every beginner should deeply focus on the process. Winning trades are a by-product of a developed successful strategy which also requires a developed individual. The trader needs to be developed in their psychology above all in order to trust their strategy and apply it correctly without deviating from the plan. Take the time to focus on all aspects of your trading, and let the winning trades come as a result of that in the future. Trading is a marathon, not a sprint, always remember that.
COINBASE:BTCUSDEducation
by opes_trading_group
6
An introduction to the MACD indicatorHere is my quick and dirty introduction/explanation of what the Moving Average Convergence Divergence (MACD) indicator………… indicates. The Moving Average Convergence Divergence (MACD) is a trend following momentum indicator that follows the intimate relationship between a 12-Period EMA and a 26-Period EMA on a price chart in whatever timeframe you are in. The MACD indicator is made up of 6 parts, the MACD Line, the Signal Line, the Histogram, the 0.00 Base Line, the Positive Zone and the Negative Zone. As default, the MACD Line is calculated by subtracting the value of a 26-Period EMA from the value of a 12-Period EMA on your chart to give you your MACD Line value. The MACD indicator will give a MACD Line value in whatever timeframe you are in. The Signal Line is a 9-Period EMA of the MACD Line and is used with the MACD Line to generate/trigger Buy and Sell Signals. If the MACD Line crosses ABOVE the Signal Line, that is considered a Buy Signal. If the MACD Line crosses BELOW the Signal Line, that is considered a Sell Signal. Note that Buy and Sell Signals can be generated in both the Positive and Negative Zones The Histogram is a graphical representation of the distance between the MACD Line and the Signal Line (9-Period EMA). Green Histograms will appear above the 0.00 Base Line when the MACD Line crosses ABOVE the Signal Line. The Green Histograms will Increase in size the further the MACD Line moves upwards & away from its Signal Line. The Green Histogram will also lighten in colour if the MACD Line fails to move higher to create a higher Green Histogram Bar. Red Histograms will appear below the 0.00 Base Line when the MACD Line crosses below the Signal Line. The Red Histograms will increase in size the further the MACD Line moves downwards & away from its Signal Line. The Red Histogram will also lighten in colour if the MACD Line fails to move lower to create a lower Red Histogram Bar. The Positive Zone is the area ABOVE the 0.00 Base Line. If the MACD Line crosses above the 0.00 Base Line, this means that a 12-Period EMA is ABOVE a 26-Period EMA on your price chart in whatever timeframe you are in. So to reiterate, the MACD Line will be ABOVE the 0.00 Base Line when a 12-Period EMA is ABOVE a 26-Period EMA on your price chart. The Negative Zone is the area BELOW the 0.00 Base Line. If the MACD Line crosses below the 0.00 Base Line, this means that a 12-Period EMA is BELOW a 26-Period EMA on your price chart in whatever timeframe you are in. So to reiterate, the MACD Line will be BELOW the 0.00 Base Line when a 12-Period EMA is BELOW a 26-Period EMA on your price chart. Note that the MACD indicator has no upper limit in the Positive Zone and no lower limit in the Negative Zone. The MACD indicator can also be used to show Divergence between the Price and the MACD Line. In a Bullish scenario, if the Price is making Lower Lows and the MACD Line is making Higher Lows then this is potentially Bullish. For a Bearish scenario, if the Price is making Higher Highs and the MACD Line is making Lower Highs then this is potentially Bearish. The MACD indicator can also be used to show Hidden Divergence between the Price and the Histogram. In a Bullish scenario, if the Price is making Higher Lows but the Histogram is making Lower Lows then this is potentially Bullish. For a Bearish scenario, if the Price is making Lower Highs but the Histogram is making Higher Highs then this is potentially Bearish. The MACD can sometimes produce false positive as can be seen here where we have Bullish Divergence with the Price Converging with the MACD Line but no real breakout happened. Note that the MACD Line and Signal Line will be in line with the current Candle Wick in whatever timeframe you are in. The MACD indicator is a lagging indicator but it also has the power to be predictive especially with potential upcoming Buy and Sell signals, divergence and when used with other indicators like Volume, the Ichimoku Cloud, Bollinger Bands, MAs or EMAs, RSI, ADX DI to name but a few as these can help complement the MACD signals to help get a much clearer picture as to what is going on and what may happen on your chart in whatever timeframe you are in, because there is a lot of BS, FUD, FOMO and utter crap out there so a little clarity is always helpful ;-) For me the MACD is a very useful indicator with my trading, so I hope you have found this quick and dirty MACD educational post helpful. Happy trading. Notes: MACD Line = 26-Period EMA Value - 12-Period EMA Value = MACD Line Value Signal Line = 9-Period EMA of the MACD Line. Used with the MACD Line to trigger Buy and Sell Signals Histogram = Distance between the MACD Line and the Signal Line 0.00 Base Line = Crossover point to the Positive Zone and/or Negative Zone Positive Zone = a 12-Period EMA is ABOVE a 26-Period EMA on your price chart Negative Zone = a 12-Period EMA is BELOW a 26-Period EMA on your price chart EMA = Exponential Moving Average.
BITSTAMP:BTCUSDEducation
by TradingThroughTheLens
2
The secret knowing exactly the exit point is accurat 90%Hello, I have tried using many indicators to trade stock and Bitcoin, accidentally picked up the secret, so I would like to share with you: The entry and exit points are important, but the exit point determines whether you win or lose. Maybe, you don't know about getting out for reasons: you may win a little bit, you lose so waiting or so you want to win more. How do know the exit point? This is an extremely difficult problem but there is a good way that is to use "Volume-based Support & Resistance Zones V2", it helps you know if your entry is good and when you can get out. Steps to usage: Find and add indicator "Volume-based Support & Resistance Zones V2" Look at the Support area to know if your entry is good or not, and if the price is already in this zone, for example, if the price has fallen out of the Support zone, it's best if the stop loss will lose less, otherwise, it will down further Take a look at the Resistance zone, if the price breaks through this zone, it will continue to rise, can wait, if the price drops to this zone, they should exit, this is something that very few players know where to get out. You can use it to check for both stock and Bitcoin. That's very useful. Above is sharing how to get out safely to avoid losing. If you find it useful, please give me a vote. Thank you.
Education
by binancash
1
Do you know how to use trendline breaksNot often do you get an opportunity to show a real world example of a text book move - live. Here's a simple educational post showing the two major types of breaks of the trend. This is the current price level as of the 24th of Jan 2022. You can see this as a corrective break - the main reason for this, is that the chart is only the 1 hour, whereas if you zoom out to the 4 hour you will see this move about to happen on the chart. If you go back only a couple of days - you will spot this on the chart. Here you can look at the Stochastic indicator and see what it's showing during the move up the trendline. How you can anticipate the break and even have a pretty good idea as to it being either corrective or impulsive ahead of time. -------------------------------------------------------------------------------- If you are unsure of how to apply trendline or where they should go; take a look at this post below; click the image for the post. Last year I managed to catch a live example of another text book move; this was the move down (distribution) on the Bitcoin move from 64k. Using slightly more advanced techniques. But it's similar core concepts at work. If you haven't seen the Wyckoff distribution post, again here's the link. And Finally - the biggest dose of education you will find on @tradingview_ I hope this is useful to you, if you are trading crypto right now. Have a great week! Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
COINBASE:BTCUSDEducation
by Mayfair_Ventures
12
You want to trade crypto? You need to read this! Hello dear traders i hope you were not affected by recent drop. About a week ago i advised everyone not to trade this market neither short nor long becuse it's too risky for both sides. So what have should we do? I told you stay aside and wait for global trendline breakout.( i tagg that post below). What to do now? Now we should stay aside as we did. It's so simple and it's easy to do you do nothing UNTIL this trendline is broken. Maybe this is the bottom but we do not buy UNTIL this trendline is broken. In every drop and every midterm correction we only will be looking for clear GLOBAL PATTERNS like a big falling wedge, a global trendline, a big descending channel which price hits its top many times etc. So if you have a clear long term pattern trade it if you don't have it stay aside and watch. DO NOT trade local petterns and short term ones because in most of cases they will give you fake results. When people are trading and loosing money and market makers beat them hard you just watch and wait for a clear longterm pattern breakout. This is how you can survive in this choppy market. If you liked this post push the like button and tell me do you like to know how to exit the market right before a big correction?
Education
by CryptoTitans1
4
BTCUSDT: Understanding a breakoutHello traders! This is great advice for you traders and it will make you a profitable trader so read and understand the truth. I am teaching you guys that breakout never works and to make money you should do the opposite of breakout. I already have posted an education post of the breakout but I am posting one more time. If there is a bullish breakout go for a sell, if there is a bearish breakout go for the buy. Trading is a game of probability. The winning probability of selling the bullish breakout is 5 out 6 times. So it's always good to try your luck on a better probability option. My recent wins on this method were 45 out of 50 trades and my account grew 10 times in a two week using 10x leverage. People may call it a fakeout but in reality, it's not a fakeout but it's the true nature of the graph. Ask the questions in the comment section, hit the like button for support and follow to stay connected.
Education
by Aadil1000x
2
Higher timeframes never lie! Look at the monthly timeframe What do you see? Higher timeframes never lie and they're very simple to understand! We see a double top around 60_70K which is a very strong resistance also we see a bearish divergence because as price making higher highs RSI making lower highs also RSI is overbought. There's a support around 18_13K and also 100 monthly EMA is exactly there to support the price in future. These are very simple and obvious. Now you look at the chart and tell me what do you expect from bitcoin?
INDEX:BTCUSDEducation
by CryptoTitans1
5
RISK MANAGEMENT - WHAT WOULD YOU CHOOSE? 🤑🤑🤑🤑🤑 Hi traders! Introduction - I was reading a few articles around risk management, the psychology off a successful trader & common mistakes traders who fail make. I stumbled across a concept which I thought resonated with me and made me really think about my psychology towards risk management and I thought I would share it with you. I hope this is just as fascinating to you as it was to me, and it has some intrinsic value to you. Why is risk management important in Trading? Trading in general can be regarded as a high-risk activity compared to not trading at all which would be regarded as having virtually no risk to any principal money you may have. For this reason, I would regard risk management to be the most important concept in any type off trading regardless off strategy, instrument & individual ability. Let’s look at the definition of risk management: “Risk management involves identifying, analyzing, accepting and/or mitigating trading decision uncertainty.” – Yahoo Finance To summaries we know trading is risky, therefore risk management is a tool to control that risk & staying in control is the most important thing that you must never forget. This is going to be the reason why the almost 90% of traders fail and why only 10% manage to achieve some sort off “success” from trading and its all to do with risk. Now I know for sure we can all think back to a time where we fell into this trap, but the important thing is learning from that lesson. 90% of traders will lose more on their losing trades than they win on their winning trades and that’s why they are not in the 10% of “successful” traders Understanding decision making from winning & losing Here’s the way it goes: Say I offered you a very simple wager and that wager was based on the flip of a coin. All you must do is predict whether the coin will land on heads or land on tails. The same principal activity off trading in its most basic form. Will price go up or will price go down? A simple 50/50 chance off being right regardless of what strategy you use right. Here comes the interesting part, the part that changes everything. The wager Say I decide to give you two choices, we will label these option A and option B. Now remember we already know what we’re doing is risky, but our aim is to maximize profit and minimize losing and put our money to work. Now thinking logically Option A is the one which maximizes our profit (which is our goal). That doesn’t make Option B wrong however as this option means you are guaranteed to make a profit you just aren’t maximizing what you could make. You will not be surprised that in this scenario then more than likely the most popular option is option B. Guaranteed profit with little to no risk. That’s a thumbs up from a risk management perspective. Here’s where I’ll highlight why 90% off traders fail. Let’s turn this scenario upside down and on its head and instead of talking making profit lets talk about making a loss. Now before I fully explain it lets put it into the concept of trading. Option A – A trade is going against you. Its about to hit your stop loss and you decide that you’re going to move your stop loss into further loss as there is the potential that you can get back to breakeven and you hate losing money. Option B – A trade is going against you again. Its about to hit your stop loss and you decide that you would rather take the guaranteed loss off -£400 rather than take the risk your loss could exceed. In the second scenario we all know that option B would be the most sensible option as it means we are managing our risk and staying in control of the situation. Remember as I said that’s the most important thing, stay in control. However unlike in scenario one where we are likely to choose option B when it comes to making money in scenario 2 when it comes to losing money, we seem to become risk driven and would rather roll the dice on losing more money for the chance to get out without losing anything at all rather than take the guaranteed risk. The scenario shows the reason I think traders lose more than they win and by understanding the simple concept you can give yourself the best possible chance of long-term success. Remember our goal is not to be right in forex, it is to make money. To make money we need to limit our risk and stay in control. The best way to combat this and to remove the emotional influence is to have predetermined targets. Know where you will get out of a trade; win or lose & don’t allow anything or anyone to influence that pre-determined decision. Hope this was insightful for you and thanks for reading! The Fx Chartist
Education
by TheFxChartist_
2
BTCUSD trading with Supertrend IndicatorThis idea is based on the well-known indicator Supertrend. Using three days as a timeframe and operating on a broker that you can long or short with BTC (for example, Binance Futures with 1x leverage) gave a significant profit after almost four years of trading. I will go through all the details on the trades and how to use this strategy in other markets. First the Indicator: Supertrend Let's start with the main idea, the Supertrend indicator. It's a trend-following indicator that gives similar signals as moving averages. It's an easy-to-understand indicator. It plots green area and line for an uptrend (below the price) and red zone and line for downtrend (above the price). It has two parameters to set the signals, which is very simple. Now, how do you enter the trades? This is where you can improve for other markets, timeframes and instruments. In this idea, I just followed the Supertrend indicator blindly. When the indicator signal turns green, Long, when red, Short. No other indicator or analysis was made. And to exit the trades? This is something that can be modified for even better profits. In this example, I closed the trade and started a new one following the indicator signal. Example: First opened a long trade, then a short sign appeared. I close the Long trade and open a new one. Short trade, and vice-versa. Open one, Close the opened before, and so on. So, it's that simple? Follow the indicator blindly and make a profit? This example I am giving here may sound easy, but this will change in different time frames and markets. I used the 4-year cycle of BTC (more info here cryptopotato.com). It will not always behave like this idea, but it should give you a better understanding of market trends and when it's changing. What about those statistics on the chart? Let's dive into those numbers now * Cumulative profit: 572% This means that when you sum all the profits and losses, the total profit percentage was 572% * Trading Time: 1458 days (3,99 years) The total time in days/years trading. Remember that the time frame is three days to check the market ten times a month. * Number of Trades: 12, winning trades 8, and losing trades 4 The total amount of trades in that period, winning trades (ending in profit), and losing trades (ending in loss) * Winrate: 66,67% After the period, 66,67% of the trades were winning trades. * Broker Fee: 0,1% Depending on the broker you use to trade this market, this number will vary, so check it first on the market and instrument to better calculate the fee statistics. I used Binance Futures with 1x leverage and increased the fee to the spot value to simplify the calculations. * Biggest Winning Trade: 442% and Biggest Losing Trade 22% The most significant profit made on one trade and the most significant loss on one trade * Average profit per trade: 47,67% and Average profit per month: 11,76% The average profit percentage per trade (no matter if it is a winning or losing trade) and the average profit per month since the first trade. This gives a better idea of monthly gains and per trade * Buy and Hold Profit: 291% This statistic shows how much you would have made by buying at the first trade and holding the entire period. Compare this with the Cumulative profit to see if it's worth following this strategy or not. In case the buy and have gained more significant than the cumulative profit, the strategy is not profitable as buy the asset and wait for better prices * BTC used per trade: 0,086668351 The amount of BTC used in every trade (in this example, 12 trades). I used the same amount on every trade to make it less risky and straightforward to calculate the fees and the profits. If you decide to use compound or other money management, this will increase the risk and the profits. Remember that we started with capital in USD, bought the coins, and made the trades using BTC, not USD * Total Fee in BTC Since I used a fixed BTC amount per trade, the fees were calculated from the same amount on every trade. * Initial USD Capital: $1.000,00 The initial amount in USD was used to buy BTC to start the trades. * First Trade Entry Price: $11.536,22 The entry price of the first trade was made. This value is used to calculate how much BTC was bought and used on all trades (I am using a fixed BTC amount) * Initial BTC amount: 0,08668351 The total BTC amount bought when the initial capital is first trading day and used on all trades. * Final BTC Amount without Fee: 0,49582968 The total BTC amount after all trades, based on the profit made, not discounting the fees of every transaction. You get the fixed BTC per trade and multiply it by the cumulative gain since using a fixed stake. For other money managements, the value will vary with the BTCUSD price at the trade moment. * Final BTC amount with fee: 0,49374928 The amount of BTC earned with the trades, discounting the fees. * Capital after selling Coins: $21.189,89 After selling the coins, you earned your capital with the trades at the last trade price. This not includes the fees to convert BTC to USD. * USD capital Increase: 2.118,98% The percent amount increased after the trades based on the initial capital. The capital increase was more significant than the profits made by the trades. Why is that? This happens because BTCUSD price increased during the trading period, adding to the profits made with the trades, there are the profits made with the price increase of the asset. Will this repeat for the next market cycle? The pattern and vast profits stayed the same when the last three cycles (2010-2013, 2014-2017, 2018-2021?). We are in a different scenario globally. The world economy is very different from 12 years ago, so we are sailing into new waters right now. The demand for BTC is increasing like never before in this cycle (check this article hindustannewsindia.in) What other indicators can I use to reduce my risk with this strategy? Since this strategy is based on the Supertrend indicator, a trend follows indicator, any indicator that reduces the noise in that category will work. Moving averages, Bollinger Bands, Ichimoku, ADX, to name a few. I don't advise using oscillator indicators to trade against the trend, like RSI, MACD, Stochastic, etc. It's not worth the risk, and you may miss a big move because of them.  Any better way to exit the signals and make more profit? Exiting the trade when the next signal appears is not the best way, but this indicator is sure a profitable way. Since you are following the trend, you don't exist on small price retractions, just when it breaks the trend. Many indicators can be used to exit the trades. Moving averages, MACD, Ichimoku, ADX, to name a few. You can use them with smaller periods to get the exit signal earlier and ensure more profits, using them as moving stop losses (www.flowbank.com) Can I make more trades besides the trend-changing days?  A way to make more trades without compromising the main trades is adding to the position when the price is close to the Supertrend indicator. Taking the first trade as an example, it was an excellent opportunity to increase the position when the price got close to the indicator. The same way to exit some parts of the position when the price moved away for the indicator. Looking at this chart and seeing a 2.000% increase in the capital may sound too good to be accurate, but it happened. Of course, it may never happen again, but if this indicator gives an average of 10% of that profit, it's 50% per year profit, not bad for three trades a year.  This indicator can be easily found in the technical indicators on Tradingview and several other trading platforms. Please ignore big numbers in the bottom panel, use the chart for a better understanding of the profit curve and the risk
BNC:BLXEducation
by ThiagoSchmitz
1
A Death Cross for Bitcoin?I see many people speaking about "The Death Cross" that's just appearing on the Bitcoin chart. The Cross brings some fear with it, and I can't just understand why, since it's not really a concerning one. But let me explain. A Death Cross is only strong and meaningful as long as Both SMA (50 & 200) are pointing to the downside - both SMA need to be declining. Many Traders do also Check the Volume. If the Volume is Rising with the Cross, its more likely Valid, if the Volume is declining it less likely. Personally, I don't really use the Volume to Confirm. I check the direction of Both SMA. Edit: In my Opinion the Death as well as the Golden-Cross are really really bad Indicators since they're lagging really hard. Don't get fooled! If you like my Content, hit the 👍 and/or comment and make sure to follow. This Analysis is not intended to be investment advice. Always DYOR.
BYBIT:BTCUSD.PEducation
by blauersamt
7
Market structure, learn how to easiy identify market condition.Market structures also referred to as market conditions are the simplest form of price movement in the market.  Market structure is a simple and basic form of how price action occurs in the market.  Price action in the market is always in one of these four market structures. - Accelerating Phase - Distribution Phase - Decelerating Phase - Accumulation Phase Accelerating Phase: This is the upward trending phase of the market, it is often characterized by a series of higher highs and higher lows.  This phase of market structure is where bulls are said to be in control of the market. Distribution Phase: The distribution phase occurs after a rise in price as the traders who bought at the beginning of the trends begins to sell at a profit and more people are FOMOing into the market the market then enters a range.  It is a ranging market after a downtrend. At this phase of the market, there seems to be a balance of power between the bulls and bears until either support or resistance level is broken. Decelerating Phase: What goes up must come down. Decelerating phase is the downward trending phase of the market and this phase of the market structure is where bears are said to be in control of the market. It is often characterized by a series of lower highs and lower lows. Accumulation Phase: This phase of market structure precedes the Accelerating Phase. It is a ranging market after a downtrend.  This phase is where smart money managers and experienced traders begin to buy. At this phase, the general market sentiment is still bearish. In Conclusion Although not always obvious, market structure plays out in all markets. Smart investors who recognize the different parts of a market structure are more able to take advantage of them to profit. - Zoom in your chart screen to -30%. - Train your reticular activating system to easily identify these structures in the market.
Education
by KhingKhaleb
1
Market structures, learn how to easily identify market conditionMarket structures also referred to as market conditions are the simplest form of price movement in the market.  Market structure is a simple and basic form of how price action occurs in the market.  Price action in the market is always in one of these four market structures. - Accelerating Phase - Distribution Phase - Decelerating Phase - Accumulation Phase Accelerating Phase: This is the upward trending phase of the market, it is often characterized by a series of higher highs and higher lows.  This phase of market structure is where bulls are said to be in control of the market. Distribution Phase: The distribution phase occurs after a rise in price as the traders who bought at the beginning of the trends begins to sell at a profit and more people are FOMOing into the market the market then enters a range.  It is a ranging market after a downtrend. At this phase of the market, there seems to be a balance of power between the bulls and bears until either support or resistance level is broken. Decelerating Phase: What goes up must come down. Decelerating phase is the downward trending phase of the market and this phase of the market structure is where bears are said to be in control of the market. It is often characterized by a series of lower highs and lower lows. Accumulation Phase: This phase of market structure precedes the Accelerating Phase. It is a ranging market after a downtrend.  This phase is where smart money managers and experienced traders begin to buy. At this phase, the general market sentiment is still bearish. In Conclusion Although not always obvious, market structure plays out in all markets. Smart investors who recognize the different parts of a market structure are more able to take advantage of them to profit. - Zoom in your chart screen to -30%. - Train your reticular activating system to easily identify these structures in the market.
Education
by KhingKhaleb
BTC1! At the level of volatility Bearish outlook for #BTC Personally, based on specific fragments of #bitcoin's history, I find a very particular plot in the year 2017 on which I base my analysis to demonstrate a possible development in the price. looking for key points such as USDT 38,888, and 24,777. I do not call it a downtrend in the range which I analyze #Bitcoin, it is a correction of the uptrend, which is a natural environment of the market developing under the theory of the books. It would be a great thing. Where I would not hesitate for a moment to buy. #BITCOIN #HOLD # 2142 Volatility at this point can be strong, thanks to the rise of new #bitcoiners and those that have yet to enter the market. they will make the market fluctuate in higher ranges. Seeing throughout how the price has been increasing fast, volatile that only those who take time and project their point well can be widely abundant. Finally, it is a booming market that is growing very fast, with very futuristic projects, which is really what we should look at when investing in helping to build a better world. where we have the possibility to support ideas that are really worthwhile for the planet. Maybe if you are richer in the future for knowledge.
CME:BTC1!Education
by OscarMRUIZ
1
A Comprehensive Guide to the Bitcoin Dominance (Part 2)Hello Traders. In this post, I will be continuing the narrative of how alt seasons are initiated when used in conjunction with the price action of Bitcoin. This is a revised update for 2022 on how we can continue to understand and build upon the flow chart model I have created last year on understanding the flow of money between Bitcoin and Altcoins in relations to the Bitcoin Dominance. With that being said, we may be seeing the first early signs of a potential alt season looming for the coming weeks/months for a major cycle run on altcoins. We will take a deeper dive into the theory of the Bitcoin Dominance while also respecting my flow cycle that I have previously created last year that is still applicable to the current market situation, as it remains to be the tried and true method of understanding the flow of fiat within the markets. Many analysts are currently predicting that Bitcoin is now under heavy selling pressure; however, many analysts also persistently argue for the fact that the bull market is still in tact. Instead of trying to find opportunities in Bitcoin, it is probably a great time to start finding opportunities in the altcoin markets. As a continuation to the Bitcoin Dominance theory, this chart represents a comparative analysis (fractal) to the 2017-2018 bull run of altcoins and how they have managed to outpace Bitcoin while price action remained bearish for a brief period of time (5 weeks), while the Bitcoin dominance has witnessed a sharp drop on the percentage metric. The above Bitcoin Dominance flow chart model is one potential predictor of where the markets could go as we are still seeing most investors and traders heavily invested into altcoins, even with Bitcoin reaching new all time highs. The model suggests that money flows from fiat into Bitcoin, down from large caps, through mid-caps to small-cap altcoins before going back into BTC and, ultimately, back to fiat. Although a few factors have changed due to the increase of new categorical coins such as NFT's and DEFI, it still remains largely the same in terms of how money flows between Bitcoin and Altcoins with the Dominance tied. The chart I have presented above is a work in progress because it shows what happened in 2017 when Bitcoin made a correction as altcoins continued to move forward against Bitcoin. If the 2017 scenario repeats itself in any rhyming fashion, the Bitcoin dominance could continue to rise until for the time being, then fall as a potential alt season accelerates once again. If the cycle repeats, it could still launch the alt markets to stratospheric highs anytime during the year 2022, especially how some altcoins have not reached their previous ATH's (All-time highs).
COINBASE:BTCUSDEducation
by XForceGlobal
64
BITCOIN round number and stop loss hunting 📚📖Today we are going through the brief technical explanation about the round numbers and stop loss hunting round numbers: the round number end in a zero, and have a tendency to attract orders and most of the time attracts many traders and they choose these points for entering and closing the position Point: For open position on round number the proper point for entering to trade is near the round number and not exactly on round number For example: For opening long position(buying) , your entry point should be above the round number and For opening short position(selling) your entry point should be below the round number. Pay attention to the BITCOIN price near the round number 40000 : If you want to open long position it's better to put your entry point above this round number but important point is that if this round number touches usually we have stop loss hunting and it is better to put your stop loss in proper place below the round numbers. Stop loss hunting: It is a strategy that makes market participants out of their position by driving the price to the area that many traders choose to set a stop loss there. For example: here on round number of 40000 we can expect that stop hunting happens and if someone wants to open long position on BITCOIN it is better to put stop loss below the round number with considering 3 percent penetration and if the price breaks this area the support becomes invalid. 🐳MAD WHALE🐋 This is not financial advice, always do your own research. please, fell free to ask your question, write it in comments below and I will answer. 🐋
BITSTAMP:BTCUSDEducation
by MadWhale
13
BITCOIN - Wyckoff Accumulation TheoryWhat is Wyckoff Accumulation? Developed by Richard Wyckoff in the 1930s, the Wyckoff Schematic helps traders to study the supply and demand of an underlying asset. This is possible through the analysis of an asset's footprint illustrating the control of smart money. Such players take action in these ranges to build orders before making the price move. In our example, we will use the Wyckoff Accumulation to illustrate Bitcoin's current price action. What is clear during the Accumulation phase is that while the price remains flat in a macro-scale, it shows strength for buyers. Understanding such phase and patterns of the market allows investors to find a suitable buying position. To apply the Wyckoff Accumulation theory properly, there are a few rules to follow: 1. Use daily price charts for a more accurate interpretation of strong support and resistance. 2. Identify market direction based on supply and demand. To simply understand: - When Demand is superior to Supply: Price moves up - When Demand is inferior to Supply: Price moves down - When Demand is equal to Supply: No change in price Bitcoin has been in a downtrend for the past weeks and many of the market participants believe that it is oversold. KDJ, RSI, MACD in the daily are showing signs of a potential reversal. At the time of writing, Bitcoin is at a fear and greed index of 10. Therefore, we can confidently say that while price is stagnant for Bitcoin, price is expected to move up once demand exceeds supply. 3. Understand the significance of cause and effect. In this case, Wyckoff differentiates accumulation and distribution: - Accumulation (cause) leads to an uptrend (effect) - Distribution (cause) leads to a downtrend (effect) 4. Study the importance of volume. Trading volume shows sentiment, the current trend has a greater chance of continuing. On the other hand, if the volume doesn’t support the price action, it will create a divergence in the price, leading to a stop or change in direction. In our case, all price action is supported by volume. But it is decreasing, therefore suggesting a potential reversal. Phases to identify in a Wyckoff Accumulation: PS — Preliminary Support: The preliminary support appears after a long bearish trend. SC — Selling Climax: The selling climax is described as a huge sell off, breaking the PS. Price may close far from the low with a long-wicked candle. AR — The Automatic Rally: The price reverses and recovers from the selling pressure. ST — The Secondary Test: After the AR, the price will go lower again but controlled. SPRING — The Spring: In this phase, the price will perform a hard test of recent lows that will mislead traders. In this moment, it is believed that we are in this moment of the Wyckoff Accumulation! To confirm this movement, Bitcoin requires a test and make a higher low! AS — Accumulation Schematic: The last stage of the accumulation cycle. The price should break out from the range with an impulsive bullish pressure and confirm the upcoming bullish trend. Hope this short tutorial is helpful to navigate the cryptoverse in a moment where the market is in extreme fear! Trade safely and do drop a like if you enjoyed this article!
BITSTAMP:BTCUSDEducation
by aloo2k
5
Power of multiple confluences in tradingThe rule is pretty simple: if you have many technical confluences backing your setup, the probability of your trade succeeding is really high. On the illustrated BTC chart, a number of confluences is listed. To be precise, there are 4 confluences examined, and they will be all scrutinized below: 1) The current direction of the market is bearish, meaning we are in a downtrend. As a rule of thumb, in a bearish market we look for SELL positions rather than going long (fading the short-term trade against the long-term trend). 2) A nice descending triangle pattern has been formed, indicating that a bearish breakout is highly possible, and that the price may keep dropping deeper down. 3) 60 EMA perfectly lines up with the upper boundary of the descending triangle, which is a crucial zone of resistance that the price can’t seem to penetrate. 4) A nice bearish engulfing candlestick pattern was formed before the massive drop happened, which serves as another indicator of bearish pressure. After having all confluences ready in hand, it is time to execute. The Stop Loss is place a few pips above the zone of resistance, and the Target Profit is set at 3% gains, as the risk-to-reward based method is utilised. NOTE: Even though having multiple confluences backs up your technical setup, gives you confidence, and provides your graphical setup with a higher chance of succeeding, risk-to-reward principles should be strictly followed in all cases! We cannot control the market, but we can control our capital, risk, and emotions. Have a great upcoming weekend, everyone!
BITSTAMP:BTCUSDEducation
by Investroy
17
Basics of Trading PsychologyPsychology is perhaps the single most important aspect of trading. Without the proper psychology, you are almost guaranteed to fail. First things first, you have to understand that trading is just as much of a profession as any other, and just like top performing athletes, trading reflects your performance, you are responsible for your results. In life your beliefs shape your reality, and you have to believe without a doubt that you could become a trader. Only once you completely trust yourself, you will be able to go ahead and become a trader. Every aspect of trading is psychological including everything we have spoken about pretty much. And since you trade your beliefs, that makes the biggest impact on the results you will receive. People make decisions based on fear or greed, it is that simple. And since the market is designed to take advantage of individuals psychological weakness, if you do not have control over yours then you will be a part of the 90% who lost that day. Since all trading is psychological, it is most important to always be working on yourself as a person, because that will greatly impact your mindset and attitude while trading. You cannot finish fighting with a friend, partner, or spouse, and sit on your computer expecting to make great analytical decisions while there is anger and indecisions going on in your head. Trading has to be treated just as much of a business as any other. A lot of people think that trading mistakes and trading losses are the same thing. However, a trading loss is simply a trade that hit your stop loss and did not go your way. Until the day you learn to accept that losses are just as much a part of trading as winners, you will not become successful. A trading mistake on the other hand is you simply not following your own rules. You have to understand the importance of being disciplined and how it is possibly the single most important aspect of lasting in the markets. Never break your own rules just to be right, because as said earlier, you need to learn that losses are completely normal and expected. By following your rules, you will focus less on being right and have less emotional attachment to trades. If emotions are attached to every single trade then what can happen is that you could have a great week and make a certain amount of money that week. Now by attaching an emotion to that trade, you are programming your mind to believe that the following week even if half that amount was made, it is not good enough as you do not have the same intensity of positive emotions. In trading you have to be emotionless towards both wins and losses and strictly follow your rules. According to Dr Van K. Tharp, there are 12 tasks of trading which include: 1. Self-analysis to determine if you are in a state of mind to trade 2. Mental rehearsal to avoid mistakes 3. Daily focus to lead you towards your goal 4. Developing your own style of a low risk idea 5. Stalking the charts starting from high to low time frames 6. Action requiring commitment and not thought 7. Monitoring the trade to keep the risk low 8. Aborting if the trade is not going well 9. Taking profits when the reason for the trade has ended 10. A daily review to monitor and prevent future mistakes 11. Being grateful for what went well 12. A periodic review to make sure everything is still working well   One of the biggest parts of a good trading psychology is believing in yourself. This can sound very straight forward until you deposit real money and place a trade. You will see parts of yourself being tested that you didn't know existed. You might find yourself checking the trade every few minutes or even seconds, you might look at your drawdown and doubt everything that you have done, you might lose a trade and think that you will never analyse another right. Let me give you some common examples, you analyse a trade and all the confluence is there, you then monitor your trade and after several hours you find yourself in drawdown leading you to close the trade, hours later you see that the price went to exactly where you had your take profit. Another might be after losing a trade you see a great opportunity, but your previous loss makes you doubt everything about the trade, only to see it reaching where you had in mind also. Of all the things learnt, if your psychology is not your main focus of work, you will not be able to succeed as a trader, not because you do not have the right knowledge and analysis to trade, but because you are your own enemy. Over trading is another reason why many people do not last long in the markets. Over trading is extremely negative as placing too many trades and adding on to your losses, you are not managing your risk correctly and only exposing your account and capital to more risk. The psychology going from demo to a real account is great also and individuals need to be careful as emotions will come into play. If there is one thing that cannot be stressed enough, it is that the aim of trading is to gain pips and not money. Chasing money, especially fast money, is gambling and you will never have control as long as you remain with that attitude.
BITSTAMP:BTCUSDEducation
by opes_trading_group