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Tdsequential

One hard truth about trading crypto: many 'clocks'Well, friends... Hello again! After turn of day excitement and disillusionment, here a simple but important example of how key is to keep more than one exchange in check for key levels: 4.272 projection for 'wave 1', down at low 8000's, was hit on many, if not all (most relevant) crypto exchanges, except... Bitstamp. Now, not anymore. It cost some folks the bad sensation of being trapped for who knows how long, or be point-blank stopped. Could they have avoided it? What do you think? So, trading crypto is a bit like having many clocks. You never know which one is right at any given moment. As such, the best you can do is, whenever you have a target, double-check it on multiple "clocks" / exchanges. Those that I watch more frequently, here on TradingView, are: BitMEX Bitstamp Bitfinex Binance Coinbase HitBTC (BTW, there was a second option to avoid this trap: as it usually happens in many trading situations, this latest rejection level is also related to 2 day TD Setup resistance line. Please check related idea for more information.) Now, changing topics, briefly: another noticeable event, also highlighted on charts, are "off-the-book" margin operations on Bitfinex, which frequently lead to higher volatility, as exemplified. Such event preceded latest run up too. To learn more about this topic, please check here . So, what you think now? Price going down -- a bit a least -- or no chance, the way is up? Cheers! PHInkTrade
BITFINEX:BTCUSDEducation
by PhinkTrade
Intermediate Trading Strategy - Part 4In the previous posts we discussed profit taking in different markets, profit targets, trailing stop losses, risk:reward, time horizons and how to identify a trend. Starting with part 1 is highly recommended. Best Indicators I have noticed that some indicators work really well when the asset is at or near all time highs and other indicators work best when the market is recovering or in a bearish trend. If ATH', or ATH' territory Tyler Jenks’ Hyperwaves: Help to identify areas of support in parabolic markets. Also indicates when the parabolic move is exhausted (phase 4 or phase 3 breakdown). Hyperbolic burst: Use 30 period RSI. If >/= 70 then parabolic status. Prefer week and daily to be > 70 with W > D. If both weekly and daily are > 70 then in a Parabolic High Risk (PHR) state. If Weekly and Daily > 80 then Extreme Parabolic High Risk (ePHR). Fractals/Parabolic SAR’s: Very useful for setting trailing stops and identifying a reversal in trend. Up fractals should not get broken in a down trend and down fractals should remain in tact while trending up. Ichimoku Cloud: Tenken-Sen serves as a high probability entry. Kumo twists can help identify the end of a trend. The cloud can act as support. I find it to be most useful as a way to identify no trade zones. This occurs when the price is inside the daily cloud. MA’s: Like 10MA - 50MA - 128 MA on the daily chart and the 7/30/50 on the weekly. If the 10 MA crosses the 50 then it is a good indication of upcoming consolidation and/or reversal. For Bitcoin' NVT: Most objective measurement we have to value the Bitcoin' blockchain. However, with the introduction of the Lightning Network and batching transactions I do not know if this will continue to work. For example: The blockchain could be getting used more but NVT could be showing the network as overvalued because there are less total transactions. If Bear Market or Recovery Horizontal support/resistance and/or FIB’s: Prior resistance turns into support. FIB’s can help identify major levels of support/resistance. Look for gaps that need to be filled. VRPR: Large volume profile on top = large resistance | Large volume profile below = large support | If gap in volume below price then high probability that the asset will retest that zone, a/k/a ‘fill the gap’. Patterns: Patterns can be very useful in identifying high probability entries and estimating profit targets. Candlesticks: Capitulation and Euphoria wicks are a very strong indication of a reversal. I like to look for reversal candlesticks to be in confluence with an area of support, such as a horizontal, trend or Ichimoku Cloud. Trendline: Can be very useful in identifying bottoms and catching trend reversals. If trend is violated and holds as resistance/support on a retest then it is a likely reversal. When the price is in a freefall using trendlines and/or hyperwaves can be useful in identifying key areas of support. Do not look for a reason to enter a trade, look for reasons to stay out! Anyone can find a reason to enter a trade, and anyone can come up with an eloquent explanation to make the trade sound profitable. When you are actively looking for reasons to take the other side of your position and are coming up empty then it is probably time to bet big and use a generous stop loss! Thanks for reading!
Education
by Sawcruhteez
4
Tom Demark Sequential - T.D. Sequential Tom Demark Sequential - T.D. Sequential For the sake of not overloading you, I will cover the basics of the T.D. setup and a more advanced understanding of the T.D. countdown at a later time. This is very basic level understanding of the Tom Demark Sequential, once I have the second portion finished in a few days I will do another to cover trading strategies with the T.D. 1. Introduction 2. Terminology 3. Example 4. Conclusion 1. Introduction The Tom Demark sequential is a great tool used by many traders. However, it is a complex indicator to trade with that uses simple calculations. The T.D. is an exhaustion cycle indicator that identifies trend reversal using exhaustion points numbered 1-9 with 9 being the potential exhaustion point and reversal of a trend. The Tom Demark Sequential consists of two components. T.D. Setup is the first one and it is a prerequisite for the T.D. Countdown – the second component. T.D. Setup compares the current close with the corresponding close four bars earlier. There must be nine consecutive closes higher/lower than the close four bars earlier. The Tom Demark Sequential can be found in TradingView by searching within indicators like so: imgur.com 2. Terminology Bearish Price Flip - occurs when the market records a Close greater than the Close four bars earlier, immediately followed by a Close less than the Close four bars earlier. Bullish Price Flip - occurs when the market records a Close less than the Close four bars before, immediately followed by a Close greater than the close four bars earlier. T.D. Buy Setup - bearish price flip, which indicates a switch from positive to negative momentum. - After a bearish price flip, there must be nine consecutive closes, each one less than the corresponding close four bars earlier. - Cancellation - If at any point, a bar closes higher than the close four bars earlier the setup is canceled and we are waiting for another price flip - Setup perfection – the low of bars 8 or 9 should be lower than the low of bar 6 and bar 7 (if not satisfied, expect new low/retest of the low). T.D. Sell Setup - prerequisite is a bullish price flip, which indicates a switch from negative to positive momentum. - After a bullish price flip, there must be nine consecutive closes, each one higher than the corresponding close four bars earlier. - Cancellation - If at any point a bar closes lower than the Close four bars earlier, the setup is canceled and we are waiting for another price flip - Setup perfection – the high of bars 8 or 9 should be greater than the high of bar 6 and bar 7 (if not satisfied, expect new high/retest of the high). 3. Example The chart above is Bitcoin on a 6 hour time frame with Heikin-Ashi candles (I will explain why in a later post). The T.D. is far more accurate on higher time frames. It can be used on lower time frames for entry and exits. However, I have found that precise entry and exit targets are best found with other indicators. I typically see the most accuracy with the T.D. on a 4 hour time frame or higher. Noted on the chart is several Buy/Sell setups in addition to failed setups. The reason I am using such a poor example of the T.D. is I want to impress upon you the dangers of using only one indicator when making decisions. Not every indicator is 100% accurate. As good and intelligent practice, you should always use the T.D. with additional data.
BITSTAMP:BTCUSDEducation
by Nick_Core
40