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Support and Resistance

Trendline Trades w Heikin Ashi Algo Oscillator + a surpriseWelcome to the coffee shop everyone. This is your host and Barista Eric. This podcast is designed to teach you The right and wrong way to get in and out of your trades because I'm not just going to tell you the right way, I'll also show you the things that you should not do. It's also a platform where I can release my versions of popular indicators. I'll show you how to use them and of course from time to time I will call out really bad strategies because I don't want you guys to have that information. feel free to share this content anywhere you choose online and of course do not fall for scams because I will not contact you for any type of currencies lending or any financial help in any way online. That being said, if you see me on the street and you want to give me a dollar all the power to you I'll be more than happy to accept it. Also don't get worried if I do send you a message it's usually just a thank you for starting to follow me because everyone that follows me I do have to follow them back so that I can see what you have going on. All that being said in today's video I am going to show you how to draw trend lines and channels using the support and resistance Indications in Heikin Ashi Algo Oscillator. Now you may not have this oscillator on your charts yet but for now you can use the CSC-HARSI. here is a link to get that from tradingview and add it to your chart So let's go to Tradingview and open it up on your desktop or on your phone. go to the indicators tab type in coffee shop crypto there you will find only one indicator called the CoffeeshopCrypto HARSI 2022 Go ahead and add that to your chart and make sure it's added to your favorites Now in its default settings that should work just fine for you because the default settings allow you to use the VWAP as a moving average against your RSI. This particular tutorial I'm picking off the resistance indication that came up and then it was followed by several support indications. This simply means that resistance was going against your price the Bears were pushing against the Bulls so prices moved up and met resistance and it was being pushed back down. Take care to watch the whole video for the strategy on how to use this with Trend Lines. SURPRISE. I am releasing the Heikin Ashi Algo OScillator later today as is. And you can use it with some of the indications that are available. I think it's time I release it and stop trying to be so perfect with it. It will have the S/R/ levels Aerts to exit your short or long position Range signals - To tell you when you have entered into a RANGE Bulls / Bears Rejection Signals - Letting you know its a STRONG rejection of the current bullish or bearish trend. Double Stochastic Strategy - A video will be created on how to use this on a later date. I'm also leaving the double stack castic strategy in there but you may not know how to use it just yet and I will create a video on that on a later date so in the meantime when you see it you could just turn it off if you want to. Alerts for Exit Short and Exit Long - these messages will be sent to your phone, email and desktop to let you know you should exit your current trade of Long or Short.
Education
by CoffeeshopCrypto
7
📊How to use BTC reversal to open 1:20RR trades❓Hi friends! Today i`ll show you the new NEW Bitcoin pattern which appear 1-2 years ago. You will see how it works and be able to use this pattern in your trading. It seems that you will need this knowledge soon, so read to the end and write comments if it was useful for you. As we can see on the chart this pattern appear when the clear trend is come to an end and some consolidation starts. ✅ When bulls or bears start to lose their strength and liquidity collection starts to more and more often. 📊 What is the liquidity collection❓ Liquidity collection is a deliberate manipulation of whales (big players) when they push the price above or below local highs/lows in order to trap the traders who open the trades on the breakout of these levels (high or low) with limit pending orders. Liquidity collection can be either a "spike" or a false breakout of the key level. ✅ The examples of liquidity collection: 🔥 $62 000, 14 Apr 21 - short 🔥 $30 000, 21 Jul 21 - long 🔥 $67 000, 9 Nov 21 - short 🔥 $17 600, ??? 22, long 🚩 A lot of local examples on lower timeframes, but i showed you only most clear of them. 📊 How to open a trade and get a max profit? Look at the examples on the chart. 1️⃣ You need to identify local highs or lows and wait for a false breakout. 2️⃣ Open the trade after the price closes above the level (if long) or below the level (if short) and place a short stop loss above or below this key level. 3️⃣ Close a trade with 1:20-40RR. 🚩 Sometimes you can get 2-3 sl but in 1 trade you can make 2-3x and cover all loses. ✅ Now the BTC close to it`s local lows and liquidity collection below the $17 500 key level is highly expected. For example because of today FED meeting. 📊 On what timeframes can you use this pattern? You can use this pattern on larger (1h-1d) and smaller (5-60m) timeframes. For example, you don't need to wait long for local highs or lows to use this liquidity collection. I use the liquidity collection for scalping on smaller timeframes (5-60 min). Also, use it for the swings on 1-4h. So you can also earn using this pattern on different timeframes. 🚩 DOM and Footprint are the tools that helps me to identify the big BUY and SELL limit orders of the whales. Especially it helps to open a profitable trade on such false breakouts, when i see the huge limit wall above or below the key levels. 🔥Traders, is this idea was usefull for you? Write in the comments! 💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
Education
by Yuriy_Bishko
1
Price Action + Volume Profile "An Edge"Price Action by itself is a penetrating weapon when it comes to trading Successfully. Having it combined with volume profile gives you an extra edge over others. More precise entries plus better Stop Loss Placement. We will begin by identifying the important demand and supply zones using variations of price action patterns and structures. then once those areas have been spotted validity of them is confirmed by volume profile. And finally entry is selected
Education
by AliHassanzadeh
CSC-HARSI UPdate: Bull Rejection / Bear RejectionWhat's new in this indicator Support and resistance levels have been re-coded to give you a cleaner visualization. as always when you see a support indication you set the support level at the close of the candle. if they cancel this red you place it at the bottom. If the candle is green you place it at the top. You always place the S/R level at the close of the candle. Two other indications added to the script are called, Bull Rejection and Bear Rejection. --Bull rejection shows up when there's a bullish rally and then there's enough resistance to stop that upward move. --Bear rejection is when there's a bearish move and there is enough resistance to stop that downward move. If you get a resistance indication followed by a bullish rejection indication you should exit your trade. Because it's showing you resistance at that level and enough pushing back down. If you get a support indication followed by a bearish rejection you should exit that short trade because it's showing you there is support at that level and enough force pushing to the upside.
Education
by CoffeeshopCrypto
3
🔥Why does a bear market make traders rich?🔥 Why does a bear market make traders rich? The answer is very simple. All really rich people can buy any asset at a big discount. In crypto this discount can be up to 80% and sometimes more than 95%. 📊 But why is it a bear market and not a bull market that makes traders rich? A bull market helps active traders (scalpers, swing traders) a lot, especially to quickly build up their capita l if they are trade follow the trend. Also, it`s a good time to study trade and when the real bull market return you will be highly prepared to this! 🚩 While the market is out of trend and certainty, the biggest upside potential for cryptocurrency is at the end of a bear market, as it was in: 2017, 2019, 2020 and possibly now in 2022. Never can crypto give more profit than the one bought at the end of a bull market. For example, Bitcoin at $3200, which rose to $69,000. That's 20x to your deposit. And you just need to buy close to the bottom (green areas). 📊 Which strategy should I use to buy crypto? The best strategy for that is DCA. This strategy helps to get an average buy price over a certain period. That way you won't make the maximum profit, but you won't incur huge drawdown when buying crypto. In the following tutorials I will tell you about the DCA and the advanced DCA used by professionals to buy crypto on the spot. 🔥Also you can check the Greendwhich indicator that help to BUY crypto at the bottom and sell close to the HIGHS. The additional module helps to increase the number of crypto during the bull market growth. ✅ My recommendation is not to buy more than 30% of altcoins on spot because 95% of them will disappear forever after a bear market. ✅ I suggest focusing on buying Bitcoin and the biggest altcoin Ethereum. They should be the biggest part of your portfolio if you want to buy cryptocurrency on spot (long term). 🚩 Write the comments, if you have a question about this topic. Do you agree with this idea or have smonething to add about the highest possible profit? 💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
BITSTAMP:BTCUSDEducation
by Yuriy_Bishko
3
The Heiken Ashi Algo Oscillator (Range Trading technique)You're watching this video because you keep getting stop-hunted. You feel like every time you enter a trade to the market it immediately goes the other way and you get this little spike out the top or the bottom of a candle that knocks you out of your position and takes out your stop loss. This is most likely due to Market manipulation on your charts which is making you think that price is moving up or down and instead you have just entered a trade at the beginning of the consolidation or distribution phase. Don't worry you're not alone this happens to a lot of novice and intermediate Traders. I really wish there was an indicator that would tell you as soon as you have entered into a ranging Market but usually you can't tell that until you've looked at your charts for a couple of hours and realize that price hasn't moved above or below a certain number. Well you're in luck because I just finished coating an indicator that will tell you that you have entered into a consolidation or distribution phase at the beginning. In today's video I'm going to show you how to do range trading using the Heiken Ashi Algo Oscillator available for free on Tradingview. Usually after price makes a big rally to the upside or to the downside you can expect that price is going to go into either consolidation or a distribution phase. On your charts this will look like where price runs flat for what could be an extended period of time. The rule of thumb is that after a very strong move to the upside or downside the consolidation period can be lengthy. If there is a short rally to the upside or downside then the consolidation or distribution phase would be a short period of time. So lets get into adding the indicator, and setting up your chart to trade in ranges using alerts from the Heiken Ashi Algo Oscillator. Open up TradingView Go to your indicators tab and search for Heiken Ashi Algo Oscillator and add it to your chart. In the settings make sure you've turned on the following: Range Range Break Long Range Break Short Support Levels Resistance Level There are a number of other alerts available in the Oscillator but we don't need them for this purpose. And as always, use the default settings. When you get a RANGE signal (Which looks like a line between two left and right arrows.) You want to grab your Parallel Channel Tool. You should have already set your support and resistance levels when you opened your chart for the day so look left of your candle. There should be a support or resistance alert right there. On my chart I have a Resistance level. So I'm going to use this line at the top of my parallel Channel Take your parallel channel tool And place it on that support resistance level just left of the candle . I'll drive it far to the right and make sure it's straight and click again. now drag it down to the closest support level and click again. You have just drawn your range. Also on my chart you can see here that I have 1 range indication and then just after it I have a second range indication. When you get a second one you disregard the first one because price has now entered into a new range. What you are looking at is the Centerline of your range. In this particular instance the first Range Line is lower than the second one so to correct this I have to take the top of my parallel Channel and drag it up until the dotted line is at the close of the candle with the new Range signal. do this by driving the top of the box and not changing the bottom of a box. In this case you can see how the bottom of the parallel channel is still sitting on my support and resistance level to the bottom but the top of the parallel Channel is above my support and resistance level And this is fine. The way you use this is by imagining your parallel channel has three levels. Level 1 = The top line Level 2 = The midline Level 3 = The bottom. Also you must respect any Support and Resistance levels traveling THROUGH the Parallel Channel What you are looking for is any candle that closes its majority size across one of these lines here are some examples: Please watch the video for a perfect visualization of how to do this. Directions of Trades in Range Trading. Follow the arrows. You ONLY trade to the INSIDE from the top or bottom of the channel. You also trade either up or down FROM the midline, depending on the majority close of the candle. Again also respect your support or resistance levels when a candle is crossing them.
Education
by CoffeeshopCrypto
7
Unfi Short Scalp using CVD to confirm the trade - 84.86% profit BINANCE:UNFIUSDT BYBIT:UNFIUSDT COINBASE:UNFIUSD Educational post on CVD or Cumulative Volume Delta and how I use it to confirm scalps and swing trades Unfi Short Scalp using CVD to confirm the trade - 84.86% profit in 30 minutes! Delta only shows us market orders. NB!!! Bearish CVD: (used in this trade) Price making LH but CVD making HH. People are aggressively market buying, but highs in price can’t be taken out. Bigger limit order trader has absorbed price Bullish CVD: More people market shorting (CVD) but Price forms HL. CVD makes LL. if price making HL and more people market shorting, then a bigger trader or traders has come in with a limit order and absorbed the market shorts Both leads to trapped traders and you can expect a decent follow through. Not Financial Advice. DYOR. Papertrade before trading with real money. Hope you have a profitable trading day! Shawn
UEducation
by zartraderguy
The concept of trend lines, support and resistance Today, I am going to explain the concept of trend lines, support and resistance. Above is the weekly chart of the EUR/USD, period between 2017 and 2022. The resistance or support level is where the price gets rejected at least twice. After that, traders can draw a line connecting those swing highs/lows, which later turn to be the resistance or support. This line can be horizontal or sloping, thus called trend line. A trend line connecting 2 lower highs or more is called descending and considered a resistance. A trend line connecting 2 higher lows or more is called ascending and considered support. Broken resistance becomes a support level and vice versa. Let's take the example chart above and explain the drawings for a better understanding: 1) In January 2017, EUR/USD bottomed at 1.0350 and has been trading above that level since then, until 2022. In the current year, the pair tested the mentioned price more than twice and bounced again. But eventually, sellers were able to break through this support, which later on in July, turned to be a resistance. Buyers tried to break through that level but failed to do so, and the price kept on going further down. 2) During the pandemic in March 2020, demand for safe assets surged, causing the Euro to trade as low as 1.0630 where buyers were met and made a quick rebound. In 2022, the Russia-Ukraine war has put a huge pressure on the EUR/USD, resulting in a strong bearish move. Sellers were able to break the 1.0630 level successfully, which later turned to a resistance level. 3) I highlighted the main 3 parallel trend lines/channels throughout the 2018-2022 period 1: A very clear lower highs/lower lows pattern indicating a bearish trend. 2: Once the 1.0630 support was met, buyers were able to create a higher highs/higher lows pattern indicating a bullish trend reversal. 3: However, in summer 2021, the pattern was broken and we started to notice trend exhaustion indicated by a failure to make higher highs and the market entered a bearish trend again inside a descending channel till present. I hope the drawings and explanations are clear. Will be happy to answer any question. Thank you
Education
by RamziAbouAbdallah-CMT
THE MOST PROFITABLE PATTERN: how to trade liquidity collection?What is your favourite pattern in trading? Write in the comments below this educational idea. I think one of the best patterns is liquidity collection. This pattern has become so common in Bitcoin trading that it is no longer considered unique. But if you look at the history of trades over the last year, you can see the profitability and reliability of this pattern. The number of profitable trades using this pattern is close to 100%. 🚩 To understand what liquidity collection is, we need to understand the definition of liquidity. 📊 What is liquidity? ✅ Liquidity is the ability of a cryptocurrency to exchange into fiat or another cryptocurrency. From this came the concept of high liquidity and low liquidity assets. If you can sell or buy 1 Bitcoin in 1 second. It`s a high liquidity, then you can sell unknown coin on small exchange for the whole 2-3 days. It`s a low liquidity. Also, there are high and low liquidity exchanges. For example, you want to trade 1 Bitcoin for $30 000. On a high liquidity exchange you can do it in 1 second and 1 click, but on a low liquidity exchange, where there are simply no buyers for your Bitcoin, the trade can take more than 1 minute. 📊 What is liquidity collection? Liquidity collection is an intentional price movement where a big player pushes the price up or down in order to get enough cryptocurrency to oprn his short or long . You can see examples of liquidity collection on the chart. 🚩 After liquidity collections, the price could fall by -50-70% and rise by >+100%. This shows how important this pattern is in trading and what profit it may give. 📊 What types of liquidity collection are possible? There are 2 types of liquidity collection: 1️⃣ liquidity collection to buy. This happens when a big player wants to open a long trade. He pushes the price below a local low or important level to activate stop losses of long traders and buy back their cryptocurrency (their liquidity). After that, the price starts to rise. 🚩 You can see such an example on the $30,000 chart. There have been 2 liquidity collections to buy. 2️⃣ A liquidity collection to sell occurs when the whale needs to open a short. He intentionally pushes the price above the local level. By doing this he activates stop losses of short traders and he can also sell enough of his cryptocurrency to long traders who are trading a breakout of the highs. 🚩 There are a lot of examples on the chart. My favourite is the liquidity collection at the ATH and new ATH. The price fall so much and you can get good profit from 30 to 70%. 📊 How can you identify liquidity collection? It can be in the form of a false breakout or an intentional takeout of stops like a shakeout (where a major player intentionally pushes the price to activate traders' stop-losses). Liquidity collection happens not only on higher timeframes, but also on lower ones. Some scalpers use this pattern to trade on 5-15 min. 🚩 I decided to show you liquidity collection on the daily timeframe because these signals are more noticeable and have better results on 4h-1d timeframes. Also you can use this pattern at any crypto, Forex or stocks. 📊 Why are big players looking for liquidity? If you're a big player, even on a highly liquid exchange it's hard for you to sell or buy >100 Bitcoins. There are simply no buyers or sellers at the price you need. To do that, the whale is looking for liquidity accumulation areas, which are very often placed below or above important price levels (local lows/highs, all-time highs, even numbers). These are the places where traders place most of their buy or sell orders and big player have enough liquidity to buy or sell crypto. I like the example with the bread and it`s easy to understand for the beginner. Image that you need to buy bread to yout home. You can buy it at any shop. But what if you are large enterprenuer and want to buy the bread to your 100 shops? You not able to buy it in the closest shop because there is no bread (no liquidity). You have to go to the the large bakery where you can order enough bread for your shops. This large bakery is the liquidity accumulation areas above or below important price levels. 📊 What tools can help you identify liquidity collection? What can help you understand where the price will go more than the whale's own orders? The whale places his buy/sell orders near important levels in advance, because this is his only chance to open a deal for $100-200 million or more. That's why I use the DOM and Footprint indicators , where I can clearly see the orders of the big players. With this information I can: 1️⃣ close the trade in profit in time , before the price starts to make a pullback. 2️⃣ open a trade in the same side with a big player : put a short stop loss close to the whale's order and get a best risk reward. You can see an example of a large whale order on the chart. One whale placed an order to buy 98 Bitcoins at $23,200, after which the price rebounded during the fall and continued rising. 🔥 Traders, how do you use liquidity collection? Write in the comments if you found this educational idea useful and going to use it in your trading strategy. 💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
Education
by Yuriy_Bishko
11
HOW TO SET STOP LOSS | 3 STRATEGIES EXPLAINED 📚 Hey traders, In this post, we will discuss 3 classic trading strategies and stop placement rules. 1️⃣The first trading strategy is a trend line strategy. The technique implies buying/selling the touch of strong trend lines, expecting a strong bullish/bearish reaction from that. If you are buying a trend line, you should identify the previous low. Your stop loss should lie strictly below that. If you are selling a trend line, you should identify the previous high. Your stop loss should lie strictly above that. 2️⃣The second trading strategy is a breakout trading strategy. The technique implies buying/selling the breakout of a structure, expecting a further bullish/bearish continuation. If you are buying a breakout of a resistance, you should identify the previous low. Your stop loss should lie strictly below that. If you are selling a breakout of a support, you should identify the previous high. Your stop loss should lie strictly above that. 3️⃣The third trading strategy is a range trading strategy. The technique implies buying/selling the boundaries of horizontal ranges, expecting bullish/bearish reaction from them. If you are buying the support of the range, your stop loss should strictly lie below the lowest point of support. If you are selling the resistance of the range, your stop loss should strictly lie above the highest point of resistance. As you can see, these stop placement techniques are very simple. Following them, you will avoid a lot of stop hunts and manipulations. How do you set stop loss? ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
OANDA:XAUUSDEducation
by VasilyTrader
86
Explanation/ My observance on the SRSIThis shows off what i've noticed what happens with the Stochastic RSI and price action when it breaks out of a pattern to the upside. Not sure if its always going to happen but i see it on all time frames with a pattern, when price breaks out the stochastic rsi usually gets overbought as price breaks resistancec and when the stochastic rsi comes back down to oversold, price will hold previous resistance as support and if it holds it usually goes higher to the measured move of the pattern.
Education
by davidmarcus1324
2
What is liquidity gap? Why there is always pump?🚀 When the bull market start with a good news? It`s always bad news at the beginning of the uptrend: in 2015, 2019, 2020. Always the same situation. And now we a here in 2022 and bad news at the bottom of the market. Push 🚀 if it looks similar to other cycles. In this idea i explain you what is liquidity gap and global situation on BTC. You can identify it using the Volume Profile which is default tool at TradingView. 📊Liquidity gap is an area where the price not stay for the long time and don`t create any levels or order flows. So as you understand there are areas without any liquidity where the traders can set a sl or tp. We can compare it with empty space where is no life or it`s really rare thing. The price break this areas so easy because there are no liquidity and the price: 🔥 have no support if it falls (as it was when BTC fall in a week from $29k to 17k few month ago) 🔥 have no resistance if it growth (as it was at any bull market when the price nreak the ATH and scyrocketing) Now the price of BTC consolidating below such liquidity gap of $24500-29500 and going to break it up after some accumulation. As a rule, the liquidity gap breaking with a pumps because nothing stop them inside this gaps. The top of this gap is a bottom of a huge consolidation channel $29500-69000, so the price can make a pullback after $29500 test. In final, price break this level and continue it`s growth to the previous ATH. Thanks in large part to consolidation at the bottom, where the bulls were able to accumulate enough Bitcoins and are ready to sell them higher and higher. Consolidation is always good for the bulls especially for the biggest one 🐳 📊Why are these white circles marked? It's a bonus for my subscribers. Remember that before the very PUMP you will think everything will fall to zero, and many analysts on the trading view will say that the price has created a bear flag or a wedge etc. At that point, you may be disappointed and afraid to open a trade or sell all your crypto, but that will only be an emotion you should not succumb to. Only if your strategy says so. Keep these words in mind. 🔥 I will open a trade if I will see the large whales orders on DOM and Footprint. These are usually the most profitable trades with a short stop loss and excellent risk to reward. 💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
Education
by Yuriy_Bishko
2
The Inside Bar ConceptThe Inside Bar is a lovely pattern that shows consolidation in a valuable way. As you can see the candle parent candle creates the high and low that will low key to know the consolidation is over. Price staying inside this area tells you so many things ! 1. The Market volume is low in terms of trades being executed on the instrument. 2. Where price is at fair value 3. When price action is ready to leave fair value. Take a look at your chart and back test this. You will be amazed !
TVC:DXYEducation
by CandlesofKarma
1
What is an altseason❓What altcoins to BUY❓Altseason is a time when you can increase your deposit by several times in just a couple of weeks. But how to identify why and when the altseason starts, what is domination and what altcoins to buy? We will talk about that in this educational idea. 📊 What is an altseason? Altseason is a period in the cryptocurrency market when altcoins grow by 50-100% or more in a few weeks. 📊 When does the altseason start? Typically, the altseason happens when Bitcoin: 🔥 is in consolidation, i.e. trades in the same price range for a long time or 1-1,5 month after it 🔥 renewed it`s ATH ($20k in 2017, $69k in 2021, etc.) 🔥 starts it`s correction close to ATH or when BTC has already reached its new all-time highs before bear market 🚩 In this example I have compared Bitcoin and Ethereum. Ethereum is the largest and most famous altcoin. If you want to understand what will happen with altcoins, look at Ethereum. On the chart you can see the altseasons and how much more percent Ethereum is growing than Bitcoin: 1️⃣ BTC +32% vs ETH +136% 2️⃣ BTC +40% vs ETH +70% 3️⃣ BTC -15% vs ETH +170% for the same period 🚩 There are the altseasons. 📊 Why should you pay attention to Bitcoin and Ethereum? 99% of altcoins follow Bitcoin. When Bitcoin is in a bear market, all altcoins fall except the popular ones at the time. For example, like GMT in its day. When Bitcoin is rising, all altcoins are rising. When Ethereum rises in pair with Bitcoin (ETH/BTC), all other altcoins rise. This is especially common when Bitcoin begins its first correction after reaching its all-time highs and a bear market begins. 📊 Why does an altseason happen? The main reason for an altseason is the outflow of money from Bitcoin and its flow into altcoins. The second reason is the desire to make as much money as possible. Especially this huge desire has retail traders and newcomers who have just come on the highs of the crypto market. They sell their Bitcoins and use the money to buy altcoins, which grow by 100% or more in a few weeks. 🚩 Of course, Bitcoin has a much larger capitalisation and cannot grow that fast, but altcoins with a capitalisation of up to 1 billion grow very quickly. ✅ As a consequence, Bitcoin's Domination falls. Dominance is a measure that shows the ratio of the worth of all Bitcoins to the total worth of the crypto market (the capitalisation of the entire crypto market). If Bitcoin Dominance is 40%, it means that 60% of the remaining money is in altcoins. A rise in Dominance to 50% means that Bitcoin has equalised in value to all other altcoins combined. Many people think that Domination helps determine the altcoin season, but this index only shows the fact✅of the flow and predicting that money from Bitcoin will start flowing into altcoins at a certain point using Domination is quite difficult. 📊 What altcoins to buy before the alt season has started? Friends, how to predict that AXS will grow by 130x or meme lord Elon Musk will start pamping exactly meme coins? It's almost like a lottery, that's why I recommend you to choose altcoins from different categories and buy them in equal parts: DeFi, Game-Fi, Exchange and wallet tokens etc. Equal capital allocation will ensure that you don't miss out on any kind of altcoin growth. From practice, this is the most correct way. And what ways to buy altcoins do you know? Share in the comments. 🔥 Most likely, the next BIG altseason will start after Bitcoin renews its all-time highs. In the current market situation, that could happen within 6-12 months. Traders, was this article about the altseason useful to you? Write your opinion in the comments. 💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
Education
by Yuriy_Bishko
5
Think like a PRO and trade at ANY markets🔥Hi friends! Do you want to know what zones I marked on the chart? Put 🚀 and read to the end. In this educational idea I will explain a few traders secrets that will help you stay profitable in any market for the long term. Take Bitcoin as an example and you'll be surprised how often the same mistake is repeated by beginners and understand how professional traders take advantage of it. 📊 But first, let's find out why the psychology of the crowd drives the market Fortunately for professional traders, human psychology has not changed in centuries. Bubbles in financial markets now appear just as they did before the Great Depression🔻in the early 20th century, when stocks rose by hundreds of percent in a month, and just as they did during the Tulip Fever🌷in the 17th century, when the price of tulips really soared to the moon due to the huge demand for the flower. 🚩 This shows the similarity in the thoughts of people in the 17th, 20th, 21st centuries. It is these faults in human psychology that allow the patterns in trading to work and professional traders to be profitable over the long term. Just don't tell anyone about it!) 📊 Why do people tend to panic during a fall and get greedy during a rise? The fact is that our brain tends to paint wishful thinking in our imagination. When a cryptocurrency is rising, the imagination thinks that the price will rise forever, and you get excited just thinking about the possible earning. And the happiness hormones just keep surging. The opposite is the situation with the fall. When markets fall, our brain tries to protect us from more losses and forces us to sell cryptocurrency. 📊 What help the big players to control the psychology of the crowd? Of course, it's the media. Remember when news of the US recession was at its peak and it seemed like a crisis was imminent. Just at the bottom of the market, when Bitcoin fell to $17k and the SnP500 to $361. I may surprise you, but in 2018, 2020 people had identical thoughts and all thought Bitcoin would fall to $1000. The crypto market can fall lower to 10-12k of course, but just interesting to know did any of my subscribers buy cryptocurrency back then or at 17-19k❓Write in the comments./b] 📊 What are the areas on the chart? I marked 2 areas: 🔥The 1st area (white) is the areawhere the majority of traders, especially newbies, want to buy cryptocurrency. I call this " Bitcoin will rise to 1 million" zone. 🔥The 2nd area (green) is the area where most traders sell the cryptocurrency they bought at a higher price. Most importantly, it is where most traders believe that the fall will continue even lower and do not buy, expecting a fall. I call this "Bitcoin will fall to zero" zone. ✅How can you use the psychology of the crowd to your advantage? I can tell you from my own example that a clear strategy and working with indicators helps me. For example DOM and Footprint, where I can see huge whale orders and open a trade in the same direction as a big player. A large order is a clear signal✅, not a psychological speculation because of the news. A few days ago I showed in one of my ideas how Bitcoin rebounded from a large whale order. Bitcoin then grow by 4-5% in just a few hours. I also use trading systems such as Greenwich or Pump Tracker to identify Bitcoin and altcoins bottoms and ATH. You can see ideas about them on TradingView and their live results✅ It may surprise you! 🏁Summary. This knowledges are usefull for any market: crypto, stocks, ForEx, bonds etc. Human psychology and thinking are the same, but each market has its own specifics. Perhaps I will talk about this in the next educational ideas. Friends, was the idea useful to you? Have you noticed such psychological zones? Do you agree with this idea or do you think Bitcoin will fall below $17k? Write in the comments. 💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
Education
by Yuriy_Bishko
15
OXY, A TRUE example of FALSE break out !Regardless of what legendary investors (Like Warren Buffett ) or famous traders do, we always should trade our own strategy. OXY was fighting with a strong static resistance and finally lost the battle. We have 9 hits to this static line which shows how powerful it is. False break outs are among the most common traps in trading . Although the concept is very simple , many traders fall simply into the trap just because of lack of patience or weak risk management strategy. Please keep this words in mind and I promise you will be the winner in long term : " Be sure about a break out before jumping into a trade " . True break outs have three conditions: 1. Break out should be done by a strong high volume bullish candle and at least 50 % of body of such candle should be placed above the valid resistance. 2. A pull back to broken resistance and rotation is necessary to be sure about true break out. Please note sometime we may not see a complete pull back ( if there is a support before broken resistance) but who can accept the risk of false break out? 3. Continuation of movement in direction of break out. Occidental Petroleum fulfilled first condition in it's last attempt ( if we close our eyes to volume) with a gap up bullish candle above the resistance. It made also a pull back but no rotation and continuation of the upside movement came after that. It means we had a false break out. I investigated false break outs of a dynamic resistance in my previous publication on BTC and here I showed an example of false break out of static resistance. Regardless of type of resistance (dynamic or static) , concept is the same. True break out setup has been shown on the chart. As you see the concept is very simple. Please keep this concept in mind and believe me you won't regret. Wish you huge profits and good luck.
NYSE:OXYEducation
by SaeedSajedi
5
What are True and False Break Outs ?False Break outs impose considerable loss to traders. How to recognize a false break out? To recognize a false break out we should first learn what is a true break out? In fact,simply, Every break out which is not a true one is a false break out. BTC in it's recent movements shows two beautiful example of false break outs. As shown on the chart, we have a dynamic resistance line with three clear rejections and two false break outs. It means before 1st break out which was 4th rejection BTC had a chance to break out the resistance but it never succeeded. Why? A true break out has three important conditions : 1. first of all, Break out should be done by a strong high volume bullish candle and at least 50 % of body of such candle should be placed above the valid resistance. 2. A pull back to broken resistance and rotation is necessary to be sure about true break out. Please note sometime we may not see a complete pull back ( if there is a support before broken resistance) but who can accept the risk of false break out? 3. Continuation of movement in direction of break out. As we can see, BTC in it's 4th and 5th attempts to break the line was unsuccessful even to fulfill the first condition. Also shown on the chart is what could have been a true break out. Although simple in concept, false break outs are headaches for some traders. What makes traders to fall in the trap of false break outs is not because of complexity of the concept ( As it is very simple ). It is about controlling emotions and psychology. Good luck everybody.
COINBASE:BTCUSDEducation
by SaeedSajedi
6