Elliott wave truncationHello guys :)
In this Elliott we have something called truncation or failure. It's because wave 3 is too large and wave 5 cannot reach wave 3.
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Cheers :)
Bitcoin (Cryptocurrency)
Elliott Wave Extension 9 WavesHello guys :)
Sometimes we have 9 waves instead of 5 waves. This is rare.
Follow me for more tutorials.
Cheers :)
How to use trendlines when trading cryptocurrency 🎓A lot of newcomers have been asking for educational content because you don't understand why my strategies work and how I conclude that a particular price-action will likely happen on certain assets at certain price-levels. It's lovely that my followers aren't just seeking signals, but actually digests the charts I'm sharing and actively tries to expand their repertoire.
Search no further - here's an easy and free guide to trade cryptocurrency, using trendlines. 🤓
Important aspects of using this strategy
A really important step of this strategy is to consider the number of data points you make your trendline from.
In this educational scenario, I've used thicker lines for the trendlines with more data points and dashed lines for trendlines that almost can't be considered as a useful trend. As you can see, we have a very solid trendline, which makes it likely that some significant price-action will happen – eventually to the upside.
Another crucial aspect of the strategy (and every other strategy other than "hold and pray") is to have a take-profit- and invalidation-area.
We always want to know why we're in the position and why we're out of the position. In this particular scenario, I've decided that a convincing break of the strong, bullish trendline would be an invalidation for the trade. If the trendline breaks it doesn't make sense for me to be in the position anymore, since the trade is solely based on the trendline.
Furthermore, the take-profit areas of the trade are based on historic resistance areas. The highest take-profit area is based on a very weak trendline, which is why I wouldn't leave more than 10% of my initial position size to reach that.
This is an easy strategy for trading any asset, that anybody can use no matter how experienced.
Experienced traders also use this strategy. In my own opinion, simple strategies are the best; you'd be surprised how few indicators experienced traders use.
Feel free to ask any questions or share your thoughts about this strategy! 📝
Market Cycle of an Emotional Roller CoasterWhen things are great, we feel that nothing can stop us. And when things go bad, we look to take drastic action. Because emotions can be such a threat to an investor's financial health, it is important to be aware of them. This awareness can then protect you from the negative consequences of impulsive and irrational reactions to these emotions.
1: Optimism, thrill and euphoria
Investors all start with optimism. We commonly expect things to go our way, or we tend to expect a return for the risk of investing.
As expectations are met, it is common to get excited about the possibility of even greater returns and the excitement becomes thrilling as the returns exceed expectations.
At the top of the cycle is when investors experience euphoria. But it is here where investors are at the point of maximum financial risk. When we believe everything we touch turns to gold , we fool ourselves into believing we can beat the market, we cannot make mistakes, that excessive returns are commonplace and that we can tolerate higher levels of risk.
2: Complacency, denial, hope
The second phase of the cycle occurs when the market stops meeting our new lofty expectations and begins to turn. At first, we anxiously watch the market for any signs of direction. Anxiety turns to denial and then quickly to fear, as the value of the investments decline. Many people will then start to act defensively and may think about switching out of riskier assets to more defensive shares or other asset classes such as bonds.
3: Panic, capitulation, despondency
In the third phase of the cycle, the realities of a bear market come to the fore and an investor may become desperate. Many panic and withdraw from the market altogether – afraid of further losses. Those who persevere become despondent and wonder whether the markets are ever going to recover and whether they should be there at all.
Ironically, at these times, an investor will commonly fail to recognize they are actually at the point of maximum financial opportunity.
4: Skepticism, caution, worry
In the fourth stage of the cycle, investors may experience some skepticism when markets start to rise. They often have a sense of caution or worry, wondering if market growth will last.—and may be reluctant to invest money in the market at a point when prices are still relatively low and opportunities are attractive.
What are the consequences of this emotional roller-coaster?
ETHUSD Weekly Overview 3/26ETHUSD WEEKLY OVERVIEW 3/21 - 3/26
In this video I go over my personal perspective on the opportunities Ethereum presented throughout this week. There were 2 amazing entries that were presented totaling over 350+ points! The first setup averages around 250 points and the second was around 100 points. My first entry was at the 1780 key level and the second was around the 1700 whole level. The entry was also given extra confirmation based off the Fibonacci key levels. My initial targets were fibonacci extensions leading all the way towards the -618, around the 1550 price point.
There are times where price presented hundreds of points and then pulled back before continuing the overall trend. It is important to always secure some type of profits on a trade when you are significantly ahead. Never leave any money on the table or turn a winning trade into a losing trade. Even if your entry gets stopped out, continue working that zone over and over until the analysis invalidates itself. The level must prove that it is valid before having real confirmation that it may continue.
My style of trading uses Market Structure, Price Action, Fibonacci, Wave Sequences, Moving Averages , and a mixture of Multi Time Frame Confluence . Most importantly the visual realization of emotions cycled into the chart.
As always THANK YOU and if you found this video helpful, please let me know by hitting that like button and/or leaving me a comment below.
Also, feel free to share your opinion on this setup or other setups that you have. The more ideas we can generate together, the more informative these ideas become for newer traders. STAY PATIENT & STAY BLESSED!
~T$
BTCUSD Weekly Overview 3/26BTCUSD WEEKLY OVERVIEW 3/21 - 3/26
In this video I go over my personal perspective on the opportunities Bitcoin presented during this week. This week there were 2 possible entries that were presented totaling over 7500 pips! The first setup average around 5000pips and the second was around 2500pips. My initial target was my -13 extension level around 52k.
There are times where price presented several thousands of pips and then would pullback before continuing the overall trend. It is important to always secure some type of profits on a trade when you are significantly ahead. Never leave any money on the table or turn a winning trade into a losing trade. Even if your entry gets stopped out, then continue working that zone over and over until the analysis invalidates itself. The level must prove that it is valid before having real confirmation that it may continue. I ran into this same example around my first entry at 57K and then again later after the continuation of the first sequence.
Even though my first target was 52k price made a lower move into 49K! This is huge for the continuation back up higher into the 60K+ range, or even back lower into a deeper retrace. Whatever price decides to do I will remain patient and let the story unfold for me. We always REACT NOT PREDICT!!!
My style of trading uses Market Structure, Price Action, Fibonacci, Wave Sequences and Moving Averages . Most importantly the visual realization of emotions cycled in the chart.
As always THANK YOU and if you found this video helpful, please let me know by hitting that like button and/or leaving me a comment below.
Also, feel free to share your opinion on this setup or other setups that you have. The more ideas we can generate together, the more informative these ideas become for newer traders. STAY PATIENT & BE BLESSED!
~T$
Learn to Read Charts (Stochastic Oscillator & ETH)✅ Ever heard people saying that something is "overbought" or "oversold"?
One of the most famous and powerful tools for this is the Stochastic Oscillator.
This indicator easily shows you if something is overbought or oversold.
✅ What is a Stochastic Oscillator?
A stochastic oscillator is an indicator that compares a specific closing price of an asset to a range of its prices over time – showing momentum and trend strength. It uses a scale of 0 to 100. A reading below 20 generally represents an oversold market and a reading above 80 an overbought market. However, if a strong trend is present, a correction or rally will not necessarily ensue.
✅ To use the stochastic oscillator, it is first important to understand exactly what the readings are showing you.
The stochastic oscillator is a bound oscillator, which means it operates on a scale of zero to 100 – this scale represents an asset’s entire trading range during the 14 days, and the final percentage shows where the most recent closing price sits within the range. This makes it easy to identify overbought and oversold signals. Regardless of how quickly the market price changes, or how the market volume fluctuates, the stochastic oscillator will always move in this range.
✅ If there is a reading over 80, the market would be considered overbought, while a reading under 20 would be considered oversold conditions.
✅ If we continue our previous example, a reading of 93.3% would be considered extremely overbought during the 14-day period. Following stochastic oscillator theory, this implies that a price reversal would be impending. In fact, some people believe that a reading above 90 is extremely risky and warrants the closing of positions.
✅ The most common use of the stochastic oscillator is to identify bullish and bearish divergences – points at which the oscillator and market price show different signals – as these are normally indications that a reversal is imminent. A bullish divergence occurs when the price records a lower low, but the stochastic oscillator forms a higher low. This shows that there is less downward momentum and could indicate a bullish reversal. A bearish divergence forms when the market price reaches higher highs, but the stochastic oscillator forms a lower high – this indicates declining upward momentum and a bearish reversal.
✅ However, it is always important to remember that overbought and oversold readings are not completely accurate indications of a reversal. The stochastic oscillator might show that the market is overbought, but the asset could remain in a strong uptrend if there is sustained buying pressure. This is often seen during market bubbles – periods of increased speculation that cause an asset’s price to reach consistently higher highs.
✅ TradingView lets you use the Stochastic Oscillator for fast and easy forecasting. You can find it in Indicators & Strategies (f(x)) above your chart.
This wave pattern is very close to reality, Here you can see how an extended flat elliot wave should be counted.
However there are multiple counts possible on current date,
Using different geometric tools and projections, we can pretty determine accuratly where the price currently is behaving.
Therefore I'm expecting at this moment a new wave up, which can be pretty str8 forward, since it is an ABC counting 2 impulse waves.
every A and C wave can be impulse or diagonal. So this complex corrective wave will not be easy for many traders to trade.
Here are some guidelines to help you identify the right trading spot for trading.
There are multiple tools to calculate the these elliot wave turning points on the forecast. It is not hard, however some studies you need to know on counting elliot wave and its fibonacci sequence correlation!
Try to avoid the B waves for trading,
Only trade the A and C wave, it is easier to do so in the bigger impulse 3 wave.
Fib sequences, Since it looks like this corrective C wave, is an diagonal.. We expect wave 5 to be projected around 44-46k. However, it really depends on the stretch of current A B C wave in wave 2.
once we completed this up leg. prepare for shorts, Ofcourse the C wave currently is an bearisch trend. So make sure you only trade the short moves, not the longs.
Only if you know how to calculate turning points within these trend, it is possible to benefit from it, as you can pretty accuratly predit where the price reversal zones exists.
I wish you all the best in Trading.
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Learn to Read Charts (Regression & BTC)✅ What is Regression?
Regression is a statistical method used in finance, investing, and other disciplines that attempts to determine the strength and character of the relationship between one dependent variable (usually denoted by Y) and a series of other variables (known as independent variables).
The general form of each type of regression is:
Simple linear regression: Y = a + bX + u
Multiple linear regression: Y = a + b1X1 + b2X2 + b3X3 + ... + btXt + u
✅ We can use linear regression in both Bullish and Bearish markets. All you need is the center and you can easily find the tunnel (channel) for forecasting. Also, you shouldn't let the noises distract you because they might make you misread your highs and lows.
In other words: The tunnel (channel) of your linear regression works as dynamic support and resistance.
✅ TradingView lets you use the Regression Trend for fast and easy forecasting. You can find it in the toolbar beside your chart.
Guide to Successfully Trade Crypto (Short Term)Cryptocurrency is becoming more and more popular as Bitcoin rises in value and it is attracting new investors from different levels of experience. If you're new to the space then it's likely you will be buying coins after ICO's and wont be privy to private sales along with the DeFi portion of crypto , which is literally a whole other world.
Since I've started trading Crypto I've had a huge learning curve, with thanks to my team who has gotten me up to speed on this space.
Trading Crypto is not like the traditional assets most of us are used to trading. To be profitable day trading, a few helpful tips I've realized are:
1. You have to follow the volume and momentum. There are thousands of coins that will show great price patterns, but only the coins with volume are gonna be the ones that give you the gains you're looking for. There is AT LEAST 2 coins going +50% a day depending on the exchange you're trading on. The coins that make these moves are usually not your traditional names like ETH, DOGE or LTC. Because there are so much coins, you never know which one will be the one to make that impulse move on the day, which is why I like to make lists of coins showing specific patterns and group them. 9 times out of 10 I'll have 1 coin that makes the big move. Dont wait for a big move due to hype that may take forever to come, i.e ADA
2. Dont fall in love with the projects , you're in it for the money, not the tech. While there will be many uses for the Cryptocurrency you trade, falling in love with a coin because of its use can put you in trouble, because you're more inclined to hold during huge drawdowns, which will put a strain on your margin if you're margin trading, and the opportunity cost of trading a coin with more volume if you're spot trading.
3. Whatever you do, dont FOMO in. Because of the insane volatility of these coins, it can seem like the only place they can go is up. But let me tell you...from experience, it's always best to wait for a more logical and safe reaction when you see a huge 4H candle still pumping. Coins with huge volume will usually have a slow pullback and continuation. Also, if you buy in with a large enough order, you'll just be providing liquidity for sellers and the bots WILL eat you alive.
4. Learn to confidently trade using price action. Using price action will be your best option when trading cryptocurrency in the short term. Because of the rapid movements, traditional indicators like oscillators and moving averages which normally lag, will be of even less help in this market. Some patterns I've found useful that are very easy to spot are triangle patterns and breaking and retesting of an ATH.
5. Do some research. Learn about different tokens and their uses and news specific to your coin. Even you'll be trading short term, learning about the coins you trade can give you great insight to what may happen in the near future. For example, Chilliz $CHZ is a sports related NFT more specifically tied to soccer/football. I am quite familiar with the football industry and see how Chilliz has been implemented in very large clubs; I also know how radical football fans are for their favorite clubs and can see Chilliz growing much more in the longer term as it is utilized by more teams. By me knowing this, instead of exiting a trade, I may be inclined to leave some profit and let it run....dependent on the price action ofcourse.
6. Pay attention to Bitcoin. Most Alt Coins are heavily correlated with BTC and will follow bitcoin and some even suffer a multiplied affect. Meaning that if BTC drops 3% then an ALT Coin may drop 11%. This is the tricky part of trading Alts and its best to expose yourself a wide variety of coins so you know which ones react less (KSM for example).
7. Take your profits. Like any market, it's always best to take your profits, there is nothing wrong with it. There has been countless times I've been up and was greedy and decided not to take any profits and had to sit through a huge drawdown. This is a rapid market, and as quick as price goes up, it will come back down, and you may not have the volume to get back up to your entry until a few days later, which is brutal to sit through.
There is much more that can be said, but for right now, I think this guide will help anyone new to trading Crypto and will help the learning curve. Overall, I think Cryptocurrency is still in its early stages and there is way more to be exploited in terms of trading, staking, farming, De-fi and investing.
If you got this far, thanks for reading! This is also my 100th post so leave a like and/or comment and let me hear your thoughts!
Bitcoin 57k-53k Sell BreakdownBitcoin 57k-53k Sell Breakdown
In this video I go over my personal overview on the move BTC made from around 57125-53300. The video is broken down into 2 parts! First me showing my full markup of everything pieced together. The second half is a breakdown from scratch of how I put the pieces together. Market structure was a little bit shaky as the buyers are trying to hold control but the story is able to be identified from the 4HR TF and below. Especially on the 15min price action gave all the answers to the test to see the sell. Patience is key and always pays.
I utilize the Fibonacci and Elliot Wave Sequences to provide a different perspective on the sell. Giving more confirmations to follow the price action. Market structure is King & Price Action is Queen .
As always THANK YOU and if you found this video helpful, please let me know by hitting that like button and/or leaving me a comment below.
Also, feel free to share your opinion on this setup or other setups that you have. The more ideas we can generate together, the more informative these ideas become for newer traders. STAY BLESSED!
~T$
TOTAL2 665.2 B * CRYPTO MARKET CAP SUPPLY HELLO EVERYONE
Here's some insight on the crpto market cap, supply based dealing with the Circulating supply , Total supply & Max supply.
JUST FOR INTEREST SAKE
HOPE THE MARKET IS TREATING YOU WELL A GOOD ONE...
On-Balance Volume | How to Anticipate Trend Reverse?Hello, dear subscribers!
Today we have a very useful information about the potential trend reverse anticipation and trend's strength measurement. On-balance volume (OBV) is one of the most powerful indicator for these purposes. The rising OBV means that the bulls control the market, falling OBV means the bearish pressure, OBV on the sideways means the equal strength of the bulls and bears.
Here are 9 combinations of the price action and the OBV which can help you to forecast the future trend.
1.Price Uptrend + OBV Uptrend
It means that the uptrend is strong and confirmed by the volume. There is a high probability of the uptrend continuation.
2.Price Uptrend + OBV Sideways
The uptrend is not so strong as in the previous point, but bears are not so strong to reverse it.
3.Price Uptrend + OBV Downtrend
There is a sign of the potential reverse to the downtrend, be careful.
4.Price Downtrend + OBV Uptrend
There is a sign of the potential price trend reverse from downtrend to uptrend.
5.Price Downtrend + OBV Sideways
Here is the sign of weakness of the uptrend, but the bulls still have not enough power to reverse the trend.
6.Price Downtrend + OBV Downtrend
It means that the downtrend is strong and there is no potential reverse anticipated.
7.Price Sideways + OBV Uptrend
Bulls accumulates the power to reverse the sideways to the uptrend. This is the bullish sign.
8.Price Sideways + OBV Sideways
This is indefinite situation. Trade execution is not recommended.
9.Price Sideways + OBV Downtrend
Here is the sign of the potential downtrend beginning.
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions.
A Quick intro to Moving Averages (Beginners) I have recently had some questions on some of the basics such as moving averages. First of all, there is some great free content out there via sites such as Babypips
I wanted to share some simple info to at least explain what a moving average is. Where it is used and what are the types of.
Moving average is a simple, technical analysis tool. Moving averages are usually calculated to identify the trend direction of a stock or to determine its support and resistance levels. It is a trend-following—or lagging—indicator because it is based on past prices.
They also form the building blocks for many other technical indicators and overlays, such as Bollinger Bands, MACD and the McClellan Oscillator. The two most popular types of moving averages are the Simple Moving Average (SMA) and the Exponential Moving Average (EMA).
Moving averages are a totally customizable indicator, which means you can freely choose whatever time frame they want when calculating an average. The most common time periods used in moving averages are 15, 20, 30, 50, 100, and 200 days. The shorter the time span used to create the average, the more sensitive it will be to price changes. The longer the time span, the less sensitive the average will be. @TradingView has many of these tools to use under the list of indicators.
A simple moving average is formed by computing the average price of a security over a specific number of periods. Most moving averages are based on closing prices; for example, a 5-day simple moving average is the five-day sum of closing prices divided by five. As its name implies, a moving average is an average that moves. Old data is dropped as new data becomes available, causing the average to move along the time scale.
Then you have an Exponential Moving Average (EMA).
reduce the lag by applying more weight to recent prices. The weighting applied to the most recent price depends on the number of periods in the moving average. EMAs differ from simple moving averages in that a given day's EMA calculation depends on the EMA calculations for all the days prior to that day. You need far more than 10 days of data to calculate a reasonably accurate 10-day EMA.
Highlighting the difference between an MA & an SMA - The Smoothed Moving Average (SMMA) is similar to the Simple Moving Average (SMA), in that it aims to reduce noise rather than reduce lag. The indicator takes all prices into account and uses a long lookback period.
Then how it can be used and applied, *** There are many strategies out there, the most basic starts with above or below a level (above = buy, below = sell) And then it steps into two moving averages crossing for example. Also as I mentioned above - other indicators use a form of moving average to calculate their plot.
Another simple strategy - Investopedia
This moving average trading strategy uses the EMA, because this type of average is designed to respond quickly to price changes. Here are the strategy steps.
🍒Plot three exponential moving averages—a five-period EMA, a 20-period EMA, and 50-period EMA—on a 15-minute chart.
🍒Buy when the five-period EMA crosses from below to above the 20-period EMA, and the price, five, and 20-period EMAs are above the 50 EMA.
🍒For a sell trade, sell when the five-period EMA crosses from above to below the 20-period EMA, and both EMAs and the price are below the 50-period EMA.
🍒Place the initial stop-loss order below the 20-period EMA (for a buy trade), or alternatively about 10 pips from the entry price.
🍒An optional step is to move the stop-loss to break even when the trade is 10 pips profitable.
🍒Consider placing a profit target of 20 pips, or alternatively exit when the five-period falls below the 20-period if long, or when the five moves above the 20 when short.
I hope this helps - Please feel free to add more info below. Any suggestions & comments to help new traders, always appreciated.
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.
Where do you struggle?After my last couple of posts, I want to ask the question rather than just throwing ideas out there!
What aspect of trading do you fear? Why?
What do you think you could improve on?
Anything!!! Be interesting to see comments.
Personally, I can overanalyze and talk myself out of good setups. I've also been knowing to jump in trades too early.
This could be anything from risk management, psychology, wrong entries, taking profits too early, too many indicators, following the crowd?
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.
What IS Bitcoin?! An Explanation of Why Bitcoin has Value!In this video I explain what is Bitcoin fundamentally and why does it have value to investors.
If you have any questions then please comment below.
I hope this video has been informative.
📖 Trading Books 📖As a trading coach & mentor, I often get asked about where to go and find resources. Anything from books to specific strategies. So I thought it would be interesting to not only share with the community some books I have liked over the years. But to ask for your favorite books, any suggestions - any thoughts on the books listed?
Even if they're slightly outside of the conventional trading manual concepts - there are some great Wall Street stories, banking or business esq books.
Be great to get some conversations going!
Here's the second wave.
The next wave - moving away from trading manuals per se;
Another list;
And lastly some books worth mentioning but were just off the top 20 spot.
So what are your best books? why? what do you make of some of the books mentioned?
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.
How to not get rekt 🤩I've seen this too many times to skip writing about it at this point.
This is NOT the stock market. BTC is still extremely volatile, so play your cards safely, folks. Don't FOMO into your positions like a dummie.
A good trick I've learned from the past, is to buy in with a little, just to get rid of the FOMO. Then when the market "crashes" 20% later this week, you can buy in for cheap.
Bitcoin is still in a correction and I am being very careful with leverage. I don't want to get liquidated just to see BTC go to 65k in it's next move.
The Most Complete Bitcoin Trading HistoryType INDEX:BTCUSD into the search box and instantly access a complete trading history for Bitcoin. Our new BTCUSD Index goes back to 2010, which means you can chart the earliest days of Bitcoin back when few understood it or even knew about it.
Do you remember when Bitcoin was trading for under 10 cents? Or its first big breakout in October 2010? The early days were a foundational time for crypto and ultimately, good or bad, helped grow the ecosystem into what it is today.
Getting started with INDEX:BTCUSD is easy:
Step 1: Type INDEX:BTCUSD into the search box.
Step 2: Select the INDEX:BTCUSD and have fun charting. 🙌
In financial markets, price is our roadmap. It's how traders and investors study, analyze, and examine the financial landscape looking for new ideas. To make the best decisions, you need the most complete data. For Bitcoin specifically, it can be hard to find a chart that goes back to its beginning. But that's exactly why we created INDEX:BTCUSD. We wanted to give all members the data they need.
Please leave any questions or comments below. Thanks for reading! 📈
Time to declare the greatest MACD OF ALL! HELP ME CHOOSE!OK. LETS TALK ABOUT THIS MACD INDICATOR.... WHICH ONE THOUGH? (moving average convergence and divergence indicator) is a popular indicator. Pretty obvious. It does many things. Plots a histogram that works well for divergences and show changing comparisons. offer crossing signals, and even has its own levels or structures to filter trades on it. It IS a lagging indicator... so it will never be perfect on its own. As I looked for one to adapt to a new strategy I am making... I found that many others MUST agree! Here are 12 different variations of MACD. For the most part, they all have massive views and likes on trading views. And for something as universal and loved as the MACD I have to say... there can be a lot of small and big variances in the signals, how it is used, what it is used for.
So Today I want to begin a discussion that I hope all of tradingview members will join me in. In declaring among these or another if you have one.... 5 titles! we will do it by vote and your basic explanation if you have a reason. and you can just pick one of the 5 titles. However, this Posts goal is to determine THESES TITLES
1. Which is the KING of all the MACD here? (please share your reasons and why you think so for any category)
2 . Which is the BEST MACD for small time frames signals and entries for scalping (no greater than 1 hour)
3. Which is the BEST MACD for Swing Trading? 4hour -daily timeframes?
4. Which is the BEST MACD for finding DIVERGENCES?
5. Which MACD has the BEST HISTOGRAM
These indicators will be CROWNED (KING D) (SCALP D) (SWING D) (DIV D) (HISTO D) And for your time and participation in this quest. later on down the road when our winners are clear perhaps I can Update some of them to include self plotting divergences and maybe oscillation trendlines so that those winners are better than ever.
SO LETS GET RIGHT TO IT! Which MACD? WHY? FOR WHAT? TOSS YOUR HATS AND VOTES OR THOUGHTS INTO COMMENTS AND DISCOVERY SOME OF THESE COOL INDICATORS IF YOU HAVE YET TO. FEEL FREE TO HAVE OPEN DISCUSSION IN THE COMMENTS
YOUR CANDIDATES.
MACD - X A better macd from @dgtrd (this macd has slightly different calculations and a ton of extra added features which probably all needs to be looked at to be judged
MACZ VWAP from @LazyBear (this macd uses zscore and implements vwap usage. has smoothing for choppy factor and perhaps good entries but maybe it varies as well. should take a look)
Stick Line macd from @blackcat1402 (newer addition and has interesting behavior that actually gives warnings for when reverses cross or signals may arise)
MACDAS from @KivancOzbilgic THOMAS ASPRAY'S MACD by KIVANC (based on MACD HISTOGRAM'S 9 period EMA signal line)
4C 4 color macd from @vkno422 (this is a strict histogram macd that features for 4 different colors and a strategy for how to treat them_
OBV MACD indicator from @RafaelZioni (this is a linear macd that uses its base signal from the OBV for improving entry. considerations can be made for if it keeps with trades or exits them at the best time. it is nice with pivot labels signals also included in the indicator)
ADVANCED PPO (price percentage ocsilator) from @TheLark (this is an alternative that is used in a similar fashion to macD. and inverse sort of. It is the Laguerre ppo. while less known some consider it a macd improvement)
MACD DEMA from @ToFFF (macd worked with double exponential moving average)
DOUBLE MACD buy sell from @Dreadblitz (this double setting combo of macd won a competition and the poster goes into detail on it and shares video link about it)
IMPULSE MACD from @LazyBear (this histogram macd doesn't have crosses but a completely different method and way to view and enter price using macd)
STC indicator a better macd from @shayankm (this improved entry method turns the macd into a similar inverse fisher looking binary signal view. try it out to see your thoughts)
SuperSmoothedMacd for crypto (and stocks) from @KivancOzbilgic (he has made both smoothed adjusted macd for crypto and stocks. (I will post 1other can be found) it is up to user to decide if is indeed better than the other macd choices for crypto and stocks in the end)
Customizable macd for any timeframe+ from @ChrisMoody (a must-have inclusion as one of the first big and versatile macd indicators on trading view. with a lot of functionality. It should be discovered if some of the newer things offer different factors or abilities that this one can be customized with)
How to chart Premium/Discount to NAV for BTC Closed-end FundsThis is very different from my usual analyses, but I still hope you enjoy!
This chart calculates the premium or discount you are paying/receiving when trading GBTC . If you don't understand how such a thing can happen I will explain at the end!
For now I will explain how I created such a chart and how you can do it yourself! This can be applied to other bitcoin Trust/Fund.
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How it's done
The goal is to get the premium or discount (P/D), For this example we will look at GBTC :
1. To do that we need to divide the price per share by what the share is really worth (in our case the value in bitcoin of the share). This will give us the ratio of the price vs its value.
Price per share / Net asset value per share
2. We get the value per share by multiplying how many BTC we get per share by the Bitcoin price.
Net asset value per share = BTCUSD*0.00094680 <---- This value can be found on the Fund website
3. We substract 1 out of the ratio to get the value of the (P/D).
(P/D) = (Price per share / Net asset value per share)-1
4. To chart this we go to enter a symbol and enter : GBTC /(BTCUSD*0.00094680)-1
Like I said this can be applied to other BTC fund. Say you want it for QBTC: QBTC.U/(BTCUSD*0.00112383)-1
Extra Notes:
-BTC per share values change so verify before using mine you could be mislead
-I suggest using a line chart, but you can experiment!
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How to interpret
1. If the value on the chart >0 the fund is trading at a premium and for values <0 it's trading at a discount.
2. Value are in decimal so if you see a value of -0. 05 the fund is trading at a discount of 5%
3. Values will tend to normalize around the annual fee for the fund(ex: GBTC -> -0.02).
4. After market values will be based on the closing price of the fund, but will continue to fluctuate since Bitcoin is 24H.
Wait for the market to be open to get real time premium/discount
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How does this happen?
Often when we see a premium or discount we can generally blame it on 3 key factors:
Supply and demand , Management team and expectation. While pretty self explanatory if you want to more info I suggest you check out this Investopedia page:
www.investopedia.com
I hope this helped you and your trading. Thank you for reading!
Bitcoin: how to always trade cryptos with the trend by your sideAs we all know, cryptos are one of the most volatile assets out there (e.g. Einsteinium).
To avoid trading against the general trend, or even trading when I shouldn't (overtrading), I use the Choppiness Indicator.
The Choppiness Indicator is a directionless indicator, so it doesn't go up or down regarding price action. Nor it predicts future movements.
You read it the same way for uptrends and downtrends.
It ranges from 0-100, the lower the number, the higher the trend & momentum (volatility).
When it's above 61.8: Market is moving sideways.
When it's below 45: Market is trending in the same direction of the general trend.
When it's below 38.2: Market is entering a trend period.
When it's below 25: Market is most likely about to have a direction change (reversal).
PRO TIP- Watch especially for supports and resistances. If the price breaks one and the Choppiness indicator points a trend, it may be a strong move. Look at volume!
I usually never trade with a Choppiness Index above 50, since moving sideways (consolidation) won't give me any profits whatsoever.
If the Choppiness Index points toward a trend change, I wait until the price breaks (be it up or down) the MA for an easier spot of such volatile change.
If the Choppiness Index points that the market is in a trend, I see if the price is above the MA for longs and below it for shorts.
BITCOIN OR ANY MARGIN TRADED COIN - HOW TO SCALP TRADE Dear Traders and Hopeaholics alike,
HOW TO SCALP LIKE A PRO - NO BOTS, NO SCRIPTS, JUST UNDERSTANDING HOW THE INDICATORS CAN BE USED.
As the self-proclaimed President and Founder of HOPEAHOLICS ANONYMOUS (or HA for short) , you are NOT going to laugh at this strategy... BECAUSE USING THIS... YOU... YES YOU... will be laughing all the way to the crypto bank!!! HA HA HA... I hear you... this works!
And the strategy is FREE, no paid course, and simple to use!
WHAT YOU NEED
9 AND 21 EMA (EXPONENTIAL MOVING AVERAGE)
100 AND 200 MA (MOVNG AVERAGE)
A MARGIN/LEVERAGE TRADED ACCOUNT.
PAID TRADINGVIEW PREMIUM VERSION ALLOWS YOU TO SET AN ALERT ON THE CROSSING OF 9/21 EMAs - I HIGHLY RECOMMEND AS IT WILL PAY ITSELF OFF IN NO TIME!!!!!
These trades are best on 15min chart as it gives stronger confirmation on the direction.
They are also best when 100/200MAs are situated above or below the wave formation.
When MAs are tight to wave formation there is a high risk of entering a scalp as the direction is uncertain.
Always wait for confirmation of the 15min EMA indicator cross.
YOU MUST USE A STOP LOSS!!!!!
Scalp trades at any time are high risk as the market direction is not confirmed in correction zones. It is a way to make DOLLARS in an uncertain market, as you can see on the chart, trades are flipped LONG and SHORT as the EMAs cross. As explained and you can see in the example it is a higher risk when MAs are crowding the waves.
Be careful of over-margining/over-leveraging your trade, as the margin for any error can be affected with any wave move.
FOR BEGINNERS - I recommend commencing paper trading your entries and exits to gain confidence without risking your capital to commence with, we want you to be successful and making $$$
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When trading, always know you are in control 100% as you are pushing the buttons, and it is YOUR money/cryptocurrency you are trading.
BUT let me tell you this... at HOPEAHOLICS ANONYMOUS and in my world... ANYTHING IS POSSIBLE!!!
SHOOT FOR THE MOON - EVEN IF YOU MISS YOU'LL LAND AMONG THE STARS, BUT AT THIS STAGE I AGREE WITH ELON AND THINK WE ARE ALL HEADED TO MARS!!!
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If you are unsure of direction or feel you are over trading I have a moto. IF IN DOUBT SIT IT OUT! There is no shame in not being in a trade. Stick to your game plan, wait for a set up to be confirmed, and ONLY take a trade if it all aligns.
So please I welcome your comments and CONSTRUCTIVE FEEDBACK - ALL HATERS WILL BE FLAGGED AND REPORTED!
And remember, there is NO RIGHT OR WRONG in trading - just money management!
REMEMBER IF YOU ARE PRACTICING SAFE... TRADING ALWAYS USE PROTECTION
(minimize your risk, use a stop loss. Especially in Margin Trades) ALWAYS!!!!!!!!!!!!!!!!!!!
<3 Lisa
DISCLAIMER:
The Legal stuff - I'm not a financial adviser. Just a few quick thoughts - remember you sit at your computer, you push the buttons...
PS make sure you give me a like, that way you get updates as I post them.... :) <3
THE ONLY WAY TO MAKE MONEY - IS TO MAKE YOUR OWN!!!
