About meI read TradingView for the articles! I really don't care about all the pretty pictures.
My turn-ons: A Fun Coin or fun Token, Censorship Resistance, Immutability, Portability, Proof of Keys, Trustlessness, Verification, Smart Contracts
My Turn-offs: Fiat
When an asset moves 6 sigma on a 15 minute candle ... (and also hits 6 sigma on the 1 hour, btw) ... that's often a good indication that it's a good area to Take Profits (TP).
And so it was, yet again, with this latest move bit bitcoin, to the upside.
Know your volatility. Understand Standard Deviation of Returns (which is volatility).
Use proper math...
Daily Bitcoin TF shows that once again ... standard deviations and rule this game.
* The start of today's candle got an indication from Reverse WaveTrend to sell, and down it went ... and then ...
* The downward wick of today's candle (so far) hit not just the Daily 1SD to the downside ... it also hit at that same place, the Markzillator Ephemeral Power Mean, AND...
Binance Coin (BNB) trading on the USD pair BNBUSD on the Weekly TimeFrame.
Notice how it's basically gone past the 4 STDEV and nearly touched the 5 STDEV, now for the third week in a row.
Hitting a 5 stdev is usually a very unlikely event and often leads to a reversion to the mean.
Hitting above the 4 STDEV, near the 5 STDEV, in the same direction (in this case...
For some years, I had been learning trading and Technical Analysis (TA).
As I progressed, I stumbled into Volatility trading and the Better Maths behind the indicators made by Balipour and Pig.
Comparing Traditional TA indicators and maths to the next level trading indicators built on better mathematics, is like comparing a car to a rocketship. Sure, both will...
The youtuber Andrei Jikh has long promoted Robinhood, until the whole GME thing happened when apparently he paused his promotions of it, seeking clarity about what happened.
Lo and behold, Vlad, the CEO of Robinhood, called him up.
As I may not include a link to a youtube video here, I'll just tell you to go watch the video by Andrei Jikh speaking with Vlad, the...
For the time being, Bitcoin (BTC) is well correlated with traditional markets.
What this chart shows me:
Bitcornz on the Weekly TF. 3 major drops since ATH. All the bullish rallies and comebacks to date have yet to really break free of the downtrend, however it's above it longer now the previous times. it's like watching an asset dance on a knife...
If I discount the tops at 10k+ as false hopes driven rallies not supported by much (see volume signatures on those days) ... this looks like a classic P-Wave forming to me, with a statistical probability of breaking to the upside.
What do you think? Please lmk in the comments below! :)
If it drops below 9.150 .. seems like a good place to ladder in shorts on...
Muh feelz for the next 4 years / bitcoin super cycle.
(and yes I know it's a misquote and most people usually source it incorrectly, too). Who said it and what exactly the words were, is not important. If you really want to know the quote's origins (and you should), then look it up.
What is important (and relevant to bitcoin) about the quote, is the order of...
as with the BLX chart on the 1d TimeFrame, the recent drop from 9k to 3.7k is the first time that price action has gone below a major low confirmed by the blue circles in the hash ribbon indicator.
the blue circle that flashed in jan. 2020 confirmed the major low of 6.3k in dec 2019. that price was around USD 6.3k.
now that the price action has fallen to 3.7k...
I looked on BLX and could not find (until the recent drop to 3.k) a previous instance where price ever dropped beneath the confirmed major low as indicated by the indicator's blue circles on the 1d TimeFrame.
Dear Crypto YouTubers:
To those who Say
"Bitcoin never saw a recession."
Oct 31, 2008: Bitcoin Launches.
DJIA then Fell 30%
over 4 months.
The recession ended
long after the market bottom.
It was Borne in Recession.
It was traded in Recession.
And Now You Know!
Here's my trading opinion du jour: Trendlines tend to break and when they do, they get ever so conveniently re-drawn by the chartist. Hey if they don't put the Art in chart then who does?
I've learned a lot this past year, re: trendlines. Basically, they're a massive waste of your time. Just like most patterns. Not that they don't exist. Just that you can create...