Upon color change of MA line, wait for first bar to close to confirm color change. Enter on 2nd color change bar on MA after cross in DMI or if DI+ or DI- is above 25 or ADX is going higher or is above 25. Set TP at 1 ATR ( I set a bit below ATR to ensure I hit my TP) SL is either a bit below previous swing high or swing low. Think I might do stop loss 1 ATR away...
Introduction
Cryptoindex 100 is an index of top 100 coins, obtained from a proprietary algorithm called "Zorax" .
"Over 1,800 coins are put through our fixed set of filters, which provides around 500 coins as a rough output. Data is collected from cryptocurrency exchanges, news, social media, such as Twitter, GitHub, and other sources.
The collated data is...
64% success rate for backtesting ADX/DMI + Linear Regression Channel on EUR/USD for week of 1/9/2023. Had some losses near the end but was getting sloppy with my trading rules. Need more backtesting and trial and error to get my rules ironed out.
I used the replay trade function to test out ADX+DMI + using a LineReg to set TP + SL areas. I thinked it worked pretty well trading USD/JPY for the week of 1/9/2023. Success rate was 66.67% but I wasn't having strict trading rules since I was trying to trade how a normal would psychologically. I think with follows stricter rules this could have higher percent win...
The price has broken through the psychological resistance of $2 along with the 61.8% retracement.
Exponential averages of 8, 21 and 55 pointed up.
Next resistance at the round value of $3.
If it is a bull trap it will come back below $2, going to the 50% retracement at the price of $1.45
🐂 On both the weekly and daily charts, the Stochastic Momentum Index (SMI) oscillator is in an interesting buy region.
📈 Daily chart:
On the daily chart, there was a 🐻🔫 bear trap signal.
I think a possible target is at $41.89.
In this troubled region marked in the yellow rectangle, there will be a window of opportunity for 📉 shorts, with a target of $30.
...
Both on the chart indexed on the ETF QQQ (proxy for the Nasdaq index) and on the Bitcoin chart itself, we have a bullish divergence.
If Bitcoin breaks out of the yellow region at the 0.5 Fibonacci retracement, I believe it could go all the way to the top of the wedge, and then deliver the final sledgehammer down.
For a while Bitcoin had a decorrelation with...
The operating result for the last quarter was published recently, on November 30, 2022.
1. Graphic Analysis
As the company's core activity is Bitcoin mining, it is important to analyze the correlation with the price of Bitcoin.
As you can see in the graph below, most of the time the correlation is positive.
It seems to me that the price is at the end of wave...
⚡ I'm keeping an eye on exchange tokens for any danger alerts.
⁉️ I don't know why this ASD token is going up (leave your comment)...
🐻 On July 11, 2022 we had a bear trap.
🚀 Since then we have had an appreciation of 1,444.50%...
🤔 Could it be that the catastrophic events to come were already priced in this event?
⛰️ If even after the FTX collapse, the token...
The ADX looks like it will soon be crossing below the 25 Line and Confirming the Downtrend as the USD/CAD Bearishly Consolidates below the Daily Moving Averages. My Targets will be the Square-Up between the 78.6% and 100% Retraces
(Considering Back-adjustment for continuous futures contracts: www.tradingview.com)
Next targets:
$14,265
$13,225
On the SMI of the DMI we have a bullish falling wedge.
Bitcoin has broken above the one year downtrend and after months of trading around the 18000 mark, has now built up a decent floor of support below the market.
We have, what I refer to as a confirmed buy signal on the DMI. This happens when not only is the blue line above the red line (+DI above -DI) but when the blue line breaks above the previous blue...
At first this is an analysis just out of curiosity, maybe it doesn't mean anything...
The marketcap of a cryptocurrency is obtained by multiplying the price by its number of units in circulation.
Then:
BTCUSD = U$ 19 K
BTC_SUPPLY = 19,176 M units
BTC MarketCap = BTCUSD x BTC_SUPPLY = $365.3 B
What would happen if the market value were evenly distributed...
If the index enters this yellow zone, it will be another 10% drop.
The next support levels are found at the Fibonacci retracement.
The DMI histogram is in an important region at -15.
Looking back to 1974, the indicator has been in this region 12 times.
4 times it continued down, and 8 times it reversed up.
Celo is showing a rise on the DMI (histogram), while the price has been slowly falling, setting up a divergence.
Long targets:
0.91
1.02
Short targets:
0.69
0.50
In this graph we have the dominance of altcoins disregarding stable coins.
The calculation is done as follows:
TOTAL = Crypto Total Market Cap
TOTAL2 = Crypto Total Market Cap excludes BTC
USDT = Market Cap of stable coin USDT
USDC = Market Cap of stable coin USDC
DAI = Market Cap of stable coin DAI
So:
Altcoins Dominance % =...
