Get started

Bitcoin (Cryptocurrency)

LearnTA - DUSKUSDT - Picture Perfect Ascending Triangle!The idea of this video is to give a rough beginners guide on how to evaluate a coin/token/protocol. When you first look at it, what are you looking for? Is it worth ANY of your time looking at it? Is it a s**tcoin? Is it legit? In dusks case its a super nice looking ascending triangle pattern, cutest triangle I've seen this month ;) Right now its all about the breakout, you may get a chance for a 2 to 3% discount buying on the lower trend line, but the beauty of these setups is its not like you're waiting -10% for it to break pattern! 0:00 = Welcome :) 1:35 = DUSK Fundamentals 2:00 = Ranks 2:45 = Does Binance like it? 3:00 = What does it do? 5:15 = Tokenomics 8:30 = FIRST TECHNICAL ANALYSIS LINES 9:50 = FIB RETRACE LINES 11:15 = Basic Triangle Patterns 11:45 = THE SQUEEZE 16:20 = Measuring the MEASURED MOVE UP 18:30 = Closing thoughts
Education
by tommytoan11
MMT: The Beginning of the End for Fiat?Let's begin by introducing Modern Monetary Theory (MMT), which is a contrarian view to the orthodox macroeconomic theory's of the past, such as the Autrian School of Economic Theory. The theory suggests, inter alia, that soveriegn nations which maintain a monopoly on their currency, can essentially use that monopoly to fund government spending, without the need of raising taxes, of even having a productive, functional economy (initially). The main attraction here is that a government cannot be forced to default on debt, denominated in it's own currency, because it can simply print it's way out of debt. Alan Greenspan, former Fed Chair, famously said, "The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default." What we've seen in the past 12 months is a shining example of MMT, a well coordinated effort to monetize government spending across global markets, which has dwarfed any traditional effort to revive the actual labour market, or real economy (GDP). Heck, if you can simply print GDP, then why have taxes, or a labour market for that matter? MMT has it's shortfalls, and here's why we could looking at the beginning of the end for fiat currency. Although central banks across the globe are coordinating a fiat debasement scheme, which would see citizens in many countries become poorer as a result, there's essentially a proportionate loss in the standard of living benchmark across the fiat spectrum, because all of the major central banks are printing in sync. However, the fact that the bottom half (50%) of households, hold essentially no assets, means MMT is a direct tax on those households. The more money the government "prints," the less value the fiat currency has. Hence, stock prices, real estate, commodities, good and services, and everything you can trade in fiat, appears to be rising in value. But, it's not. It's rising when priced in fiat. The incredible demand for an alternative solution to this seeming wealth extraction mechanism called MMT, is the idea of a digitally finite crypto "currency" such as Bitcoin. Now, I'm not necessarily saying Bitcoin is defensible as an alternative to fiat. But, I'm saying it's a much better store of value. Having said that, crypto faces many hurdles over the years, including pressure from quantum computing - rendering traditional encryption technology moot, as well as power grid concerns pertaining to access, and the list goes on. The goal of MMT isn't to make everyone poor, and that has to be said. It's a powerful tool which aims to achieve maximum employment, while curbing inflation (fiat debasement), by eventually gathering more taxes from the wealthy, to offset rapidly rising prices. However, what we've seen over the past 12 months, is nothing short of extraordinary. The top 20 wealthiest people in the world saw their wealth increase by an average of over 30% from pre pandemic levels. Main Street on the other hand, has been encouraged to borrow more, and spend more, synthetically increasing the velocity of money, and hence the prices of essentially everything priced in fiat. The issue here is the velocity of money can't rise organically because the system is bloated with historic debt levels. If interest rates were to ever rise, for any reason, variable lines of credit, including mortgages, would become next to impossible to service. The Bank of Canada recently admitted to "printing," $3 Billion per week, which was a figure they released just 2 days after the Trudeau Administration released their spending budget for the next year, of you guess it, $3 Billion per week. Coincidence? No. This is perfectly in line with MMT, and the direction central banks all across the globe have signaled they're taking monetary policy. Now, I'm not opposed to the evolution of monetary policy, and I'm also not saying MMT is all bad. But, inherently, it doesn't address real economic productivity, and it aggressively extracts wealth from the bottom 50% of households (no assets). The shortfall in production, which is being replaced by printing GDP, is likely going to lead to a stagflationary environment in the near futures, and economic hardship for the most financially vulnerable. We will see higher taxes on the wealthy in an attempt to control inflation, but the Fed has admitted it can't see any inflation. They're still trying to get inflation to 2%, while the price of Lumber just rose 500% in a year. Don't take my word for it, in today's economic data release we saw personal income rise by a whopping 20% YoY. When you dig a bit deeper, you'll see that more than a third (33.8%) of total US household income, came directly from the US government. Now, if that isn't printing GDP, and going full-throttle on MMT, I don't know what is, my friends. Trade accordingly.
BITSTAMP:BTCUSDEducation
by Hedge_Of_The_World
11
Big Alert :- Stay away from PnD Low Volume CoinsHi CryptoPatel Family! This is a Informational/Educational post on one of Trading strategy PnD( Pump and Dump). Basically in other words we can correlate it with another word SCAM, we should try to always avoid these kind of strategy. By following this we can end up with major loss. Always remember there is NO shortcut to SUCESS. First LEARN then remove L. Pump and Dump is nothing just Low volume/Penny/small cap coins in which retails investor have higher participation, operated and execution by very well with very well Plannings. We are attaching the same example with a recent P&D of IDEX coin. Hope you guys follow my advice by keeping yourself away from these kind of Pump and Dump Strategy. Always Remember, THERE IS NO SHORTCUT TO SUCESS. With Love, CryptoPatel.
IEducation
by CryptoPatel
39
The importance of 21D EMA"This is NOT the Bear Market" One of the tools that investors and traders use in bull cycles is 21D weekly EMA. it indicates that whether or not we maintain on the uptrend. As long as we stay above this weekly EMA, this is a bull market. In the previous bull run, we had 7 major corrections. all of them were aiming 21D weekly EMA as support and every time the price sustained above it until we topped out on Dec 17. Right now this EMA is locating around $44000, so I remain BULLISH just yet. Retracements of -30% to -40% are common for Bitcoin so stay calm, Bitcoin's doing Bitcoin things. SnFsignals
BITFINEX:BTCUSDEducation
by CryptoSep
7
Bitcoin Dominance Explained in shortBitcoin is the world’s largest cryptocurrency by market capitalization (market cap) and commands a large portion of the trading volume (and the attention) in the cryptocurrency markets. If we look at the summative market capitalizations of all the existing cryptocurrencies, then we can arrive at a total market cap valuation for the entire cryptocurrency space. Therefore, the Bitcoin dominance is described as the ratio between the market cap of Bitcoin to the rest of the cryptocurrency markets. As you can see in the chart above, the possible outcome from each possible scenario. For many years, while Bitcoin was far and away the largest cryptocurrency - and one of the few in existence - its dominance was much closer to 100% than it is today. However, the Bitcoin dominance dropped significantly as new cryptocurrencies were created. This is probably related to the increased popularity of ICOs after the introduction of Ethereum and the ERC-20 token standard. Interestingly, Bitcoin dominance is often affected by the so-called “alt seasons” , in which altcoins gain market share relative to Bitcoin, thus reducing Bitcoin’s dominance. Note, however, that Bitcoin dominance is not always directly affected by bull or bear markets because it is a ratio, not an absolute term. This means that if Bitcoin falls in price, but the rest of the cryptocurrency market falls at a similar rate, then Bitcoin dominance is likely to remain the same. Although Bitcoin dominance is an interesting statistic to look at, one should keep in mind that it does not reflect its real value (especially because of forked and premined coins, which impact the total market cap in a very unnatural way). Also worth noting, that market cap does not mean an influx of money. It is just a measurement based on the circulating supply and current market price. During the times when Bitcoin was the only cryptocurrency tradeable on exchanges, its dominance was roughly 100%. Today, with more cryptocurrencies in the space, its dominance is certainly less than 100%, but that is not necessarily a good or bad thing. It is only a tool that may give us a better perspective of how the crypto space is evolving.
CRYPTOCAP:BTC.DEducation
by TheArabianWhale
8
Pi Cycle Indicator From ScratchHi traders! As you know, BTC has made all time high not so far ago. That’s why we decided to tell you about one of the most powerful indicators that helps traders to recognize the market reverse after peaking. Well, today we’ll speak Pi Cycle Top Indicator . The indicator consists of two Moving averages: 350DMA*2 and 111DMA. In fact, 350/111=3,153 which is really close to Pi=3,142. Probably, it demonstrates the cyclicality of Bitcoin. Moreover, it is confirmed by last 3 cycles of BTC market and all times the indicator gave a signal, trend reversed. How to work with Pi Cycle indicator? When the 111 moving average reaches the 350DMA*2 it means that BTC is on its peak and it’s time to quit the position. However, we’d advice you to use it with other indicators and oscillators, to look for the trend reverse or continuation patterns and so on. DISCLAMER : Information is provided only for educational purposes. Do your own study before taking any actions or decisions.
Education
by Skyrexio
17
How does volume REALLY works?Volume is one of those indicators that remain as part of the standard palette of essential indicators (if there is such a thing), and yet, from intermediaries, brokers and exchanges, they teach you how to use it incorrectly. . Ultimately, as with most misconceptions, it is perpetuated by group mentality and dogma, and makes traders who use them fail. However, it is logical, these entities are not traders, they are programmers and financial agents who sell tools, and therefore their knowledge is limited to a logic that may or may not be the one that the market follows. So how is volume actually used and how can a trader take advantage of it? We are told that the more volume, the more likely a price movement is to occur. Some limit themselves to saying that when volume appears in a downtrend, it means that it will change, since the price has fallen to an interesting level for buyers and this new demand will raise the price. Others directly link more volume with more force in the direction of the trend. From my point of view both are wrong, The only thing that indicates the volume is the probability that there is a change in volatility. Let me explain: Suppose that in a port they are selling fish in several stalls, and there are 10 sellers and 10 buyers. In this situation, the price will be balanced, since there is one buyer per seller, neither the sellers are motivated to lower the price nor the buyers to offer higher prices. for what? if everyone can already buy their piece and go home. If the situation were that there would be 8 buyers and 2 sellers, then the price would not stop rising; The 8 people who want fish could only get it from 2 people, and therefore, they would offer to buy it at a higher price so that one of the two sellers can decide and sell it to one of them. However, here is the first problem: in trading, the volume does not tell us how many buyers and sellers there are, it only tells us the total amount. If I don't know how many of each there are, how am I going to be able to use that information to know where the price is going to go? If in that scenario where there are 2 sellers and 8 buyers, there are instead 20 sellers and 80 buyers, would the situation change anything? There would still be a ratio of 1 to 4, and therefore the price would continue to rise, since in essence, there would still be 4 people wanting to buy for every person who wants to sell. The same happens if there are 200 or 20,000 sellers, while in return there are respectively 800 and 80,000 buyers. What marks the variations in the price are not the people, it is the PROPORTION between the type of participation of those people. The only thing that could be used as a price prediction is the knowledge of that proportion, but in volume it does not show it. That said, one might think that the more volume, the more volatility there is, and, for example, it could be used to buy or sell volatility in options contracts or directly by making a "grid" with other financial products, but from my point of view it is precisely otherwise: What makes the price move is the breakdown of that harmony between buyers and sellers, regardless of the number of each of them. Following the previous example, suppose there are two markets in the port. In one of them there are 100 people and in the other 10, and we do not know who buys or who sells in each of them. It happens that a person enters each of the markets and we do not know if he wants to buy or sell. In principle, we could not say that these new people will raise or lower the price, but if we look at it from a mathematical point of view, in the first market with 10 people, one person represents an increase of 10% of the participants (1 / 10 * 100) but in the market of 100 people, it is only 1% (1/100 * 100). This means that in the first market the price is more likely to change, since the moment this new person buys or sells, it would generate a 10% disproportion between supply and demand, and yet in the other market , it would only be 1%. The percentage that represents a supposed new participant in the market tells us if greater volatility can occur.
Education
by jonfuentesX
5
DEADLY Accurate levels from Monthly log. Spider LinesThis chart's support and resistance was inspired by Crypto Face's spider line drawing method, I took candles from the monthly time frame and toggled 'Log' and drew the lines all the way from the first BTC monthly candles. I took every Monthly candle and drew extended rays, first point coming from the top of the first candle low candle of each cycle, second point on the top of nearest ATH at the time. By rinsing and repeating this process through the whole duration of BTC's lows and few ATH candles, this chart was born. You can clearly see that price action reacts very strongly to these levels. You could solely rely on this chart, but it would be best to pair with other TA in my opinion. I have not tested this with other cryptos just yet but I plan to in the near future.
BITSTAMP:BTCUSDEducation
by keyzfullport
2
Simplified Elliott; It can be confusingElliott wave is a great tool to have in your arsenal - I have been asked more and more about it recently. So I wanted to share a simplified breakdown. Of course it can be complex and detailed, it also requires constant tweaking. The Elliott Wave Principle posits that collective investor psychology, or crowd psychology, moves between optimism and pessimism in natural sequences. These mood swings create patterns evidenced in the price movements of markets at every degree of trend or time scale. (see linked idea below on this topic) Background Elliott Wave Theory is named after Ralph Nelson Elliott (28 July 1871 – 15 January 1948). He was an American accountant and author. Inspired by the Dow Theory and by observations found throughout nature, Elliott concluded that the movement of the stock market could be predicted by observing and identifying a repetitive pattern of waves. Elliott was able to analyze markets in greater depth, identifying the specific characteristics of wave patterns and making detailed market predictions based on the patterns. Elliott based part his work on the Dow Theory, which also defines price movement in terms of waves, but Elliott discovered the fractal nature of market action. Elliott first published his theory of the market patterns in the book titled The Wave Principle in 1938. (source elliottwave-forecast.com) Why is it useful? Some traders swear by this method. others like myself like the concept and use it as part of the strategy. For me personally, I use it for the monthly and weekly directional bias. Smaller patterns can be identified within bigger patterns. In this sense, Elliott Waves are like a piece of broccoli, where the smaller piece, if broken off from the bigger piece, does, in fact, look like the big piece. This information (about smaller patterns fitting into bigger patterns), coupled with the Fibonacci relationships between the waves, offers the trader a level of anticipation and/or prediction when searching for and identifying trading opportunities with solid reward/risk ratios. So where to start? First, identify Major swing highs and lows - True Elliottitions will go back several years in the analysis to get an exact count. But for the purpose of this explanation, I have taken the monthly swing highs and lows to identify a starting point. This is good enough for how I utilize Elliott principles. Once I have a starting point I am looking for a bias - Is this an impulsive or corrective move? This is what usually confuses people new to Elliott Theory, it can be very subjective. Hence constantly moving and re-plotting as price does what is expected - or completely against the trader's expectations. 3 Rules Most Elliott traders can agree - there are rules for every scenario, so in simple terms use these 3 rules as a starting point. Corrective moves can be complex as you will see if you dig deeper into Elliott Wave - that there are several ways of "fitting" the patterns into the current scenario. - this is just a simple example - more can be found on elliottwave-forecast.com Some other nuggets A correct Elliott wave count must observe three rules: Wave 2 never retraces more than 100% of wave 1. Wave 3 cannot be the shortest of the three impulse waves, namely waves 1, 3 and 5. Wave 4 does not overlap with the price territory of wave 1, except in the rare case of a diagonal triangle formation. Wave 3 is an extension of 161.8% of the first wave in the Elliott wave count. This means that the third wave forms right after the completion of the second wave. To identify the 3rd wave, the second wave has to be complete and fall within the general rules of Elliott waves. NEW VS OLD The biggest change in today’s market compared to the one in 1930s is in the definition of a trend and counter-trend move. We have four major classes of market: Stock market, forex, commodities, and bonds. The Elliott Wave Theory was originally derived from the observation of the stock market (i.e. Dow Theory), but certain markets such as forex exhibit more of a ranging market. In today’s market, 5 waves move still happen in the market, but our years of observation suggest that 3 waves move happens more frequently in the market than a 5 waves move. In addition, the market can keep moving in a corrective structure in the same direction. In other words, the market can trend in a corrective structure; it keeps moving in the sequence of 3 waves, getting a pullback, then continues in the same direction again in a 3 waves corrective move. Thus, we believe in today’s market, trends do not have to be in 5 waves and trends can unfold in 3 waves. It’s therefore important not to force everything in 5 waves when trying to find the trend and label the chart. As I said on the front cover - this is not for experts, it's an intro to Elliott Theory. If there are Elliott traders reading, please contribute to the post. Add anything you find useful. The other post mentioned above was how the mindset plays into these waves and the overall moves. 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.
Education
by Mayfair_Ventures
91
Beginner basicsHappy Holidays all - 🐣🐥 After writing a few educational posts recently, it has been interesting to see the comments & DM's. Years ago we set out training traders the basics; we called the trades "starbuck bets" the idea was for some people, extra money each week was what they were looking for from trading. For others it was extra money for a daily coffee on the way to the 9-5. Skip forward several years and now the training has gone mostly online - this is great on one hand, but a nightmare on the other. Where do you go for education? why go with a certain company? How much should you pay? What do I get? The issue now is although forex is a legitimate instrument there is a lot of people out there, making more from training than they are trading - how do you navigate this? How do you know who is going to teach you what you really need. In terms of the basics - a great FREE tool is babypips. If you are new to trading, it's well worthwhile going to get to terms with the basics, at your own pace. Pointers from the pros - some other great resources include sites such as investopedia. Although this is a bit more specific if you are researching an indicator or want to understand more about an instrument and so on. Obviously, there are some great books available (see related ideas) I posted an idea a few weeks back with 20 books worth a read as a trader. 5 key pointers when starting out 1 - 🐑) Selecting a broker; even before you get here - go read babypips and follow these 5 points. But after that, selecting a broker should include searching for regulated companies, check with the local (per country) regulation authorities such as the FCA in the UK, the SEC in the states. Most countries have lists available for this. If there's no record of the company being regulated then you should treat it as a red flag. To manage money in most countries*** it's a requirement to have some kind of financial license. 2 - 📖) Go read, babypips first and from there take a deeper dive into understanding the market. Read financial articles, stock market books, website tutorials, etc. There's a wealth of information out there and much of it inexpensive to tap even free. It's important not to focus too narrowly on one single aspect of the trading game. Even reading through ideas on tradingview - just don't follow the ideas, you should be doing your own research. 3 - 🎲) Study the basics of technical analysis and look at price charts—thousands of them—in all time frames. And when you think you have done enough, go back and study some more. Get a feel for the character of the instruments you are keen to trade. Again another pro tip - don't go chasing too many pairs, you can make a lot of money on a single tool. So try to spend the time to learn 1-3. Think of this step like learning a language, you wouldn't try to learn Russian, Chinese and Australian (joking about Australian) all at the same time. Treat the charts the same!!! 4 - 🔤) Demo account - Start off with a demo account, try to find one that might offer the same kind of money as the amount you intend on investing. If you have a demo account of say $100,000 but you only intend on trading $1,000 - then I would suggest you open a trade at $10,000 a pip and lose 99% of your account! Then start with $1,000 demo size. Some brokers you can message and they will set this for you. Treat this like a real account, try to make it feel as real as possible - feel the pain, feel the stress and understand the power and value. If you treat a demo 10 times or 100 times more than you plan on trading just as a game - when you invest real money, the market will eat your investment for breakfast! 5 - 🎯) The most important of all of these points - RISK MANAGEMENT If you learn the basics, go through babypips, learn the charts and then use the demo account. The golden rule of trading is pure and simple "proper risk management" you can lose 80% of all of your trades and still be successful. If you learn to obtain a market edge and use statistics then you will have a long-term advantage. The issue is people come to trade, thinking "traders make money", "trading is easy", "trading is a get rich quick thing" - the issue is over 75% of new traders lose money! Although this is only covering the basics - I hope this helps. If you need to ask, should I buy or sell - go back to step one, If you don't know how to set a stop loss or even what a stop loss is - go back to step one. Happy Holidays! 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.
BITSTAMP:ETHUSDEducation
by Mayfair_Ventures
8
How to Catch a Falling Bitcoin KnifeAnother Ultra Long Term chart ( I hate doing short term trades !) Here is a VERY IMPORTANT quote from Jason Shapiro from the book “Unknown Market Wizards” by Jack Schwager: " Everyone understands that the market is a discounting mechanism. What people don't understand is that the discounting mechanism is not the price, it is participation. Its not that the price has gone from 50 to 100 and thus the bullish fundamentals are discounted. Its about everyone is long and hence bullish fundamentals are discounted. An example: when amazon stock was about 700-800 everyone said it was ridiculous, calling it a bubble. It was clear though that most people didn't own it else they would not call it a bubble. The stock is now trading above 2300 based solely on participation." So here is a take on participation (measured using VPVR) over two BTC bull runs (signaled in the chart with a 50-100 MA cross) : A: Participants who think halving is bullish accumulate thinking (rightly so far) doing so will be a low risk trade. B: Participants add on to existing positions on bullish confirmation that halving has caused a price rise, long term bears with a functioning pre-frontal cortex jump in. C: Participants who bought the top in the previous cycle try to get rid of their trauma seeing that price is back at their buy price. Buyers buy their bags. People who are hyper intelligent rationalize that previous top should be the new resistance sell. Too smart they are. The real resistance was Price level B. D: Participants who think they will buy BTC when it crashes below previous ATH, fomo at these levels after BTC has a near vertical rally, offering no point of entry. Some folks who sold at C buy back again, continuing to rationalize that at least they averted a “potential” bearish scenario. E: WELCOME NOOBIES People who do not have the stomach of bearing pain for long term gain, sell at break-even OR at a loss. So two patterns emerge: 1. BUY > price goes down (trauma) > price goes up (hope) > SELL (relief) , OR 2. BUY > price goes up (euphoria) > price goes down (shock) > SELL (relief) Next bear market bottom: Placing some bids around D and E to catch a falling knife seems to be a good idea. Average in of course coz you never know if price will actually reach D and E. Participants change over time. And as you I show in my display picture: No Pain, No Lambo😊
COINBASE:BTCUSDEducation
by brotoshee
4
1 Year investment can get into 10X - HISTORY REPEATSMaybe the $ 400,000 Bitcoin dream announced in the analysis of others will come true ! With just a quick look at the status of past trends in Bitcoin, you will notice the price ceiling ( ATHs ) and price correction intervals. In each growth period (with more than +10,000% price increase) it has entered a corrective period and a large amount of growth has been taken from it. The correction time periods are almost the same, so the price floor can be easily discovered and based on the past average time, the end period of this period can be guessed. The point of suspicion here is just the interval when we see another foam in the bitcoin chart due to the corona virus. However, at the beginning of 2022, we will have another low, or at the beginning of 2023, when I know the probability of 2023 is higher. With this theory and by drawing a series of average growths of the past, you can easily realize the dramatic increase that is in front of you. We have just crossed the $ 1.5 trillion market cap, which could easily reach 5 or even 10 this year, which could achieve all of this price growth. So in the long run you win. Do not get involved in short-term emotions. Don't Get into FOMO, Keep Calm & Invest Long-Term
BITSTAMP:BTCUSDEducation
by SasanSeifi
42