BITCOIN BREAKING THE LARGE S. TRIANGLE AS PREDICTED - TARGET 50K
AS WE TALKED ABOUT YESTERDAY WE WERE WORKING WITH 2 S. TRIANGLES A TRIANGLE WITHIN A LARGER TRIANGLE, as predicted with my first trade position that bitcoin would do small correction short down to bottom of triangle as it did and expected, so if u took my short congrats now we have moved onto breaking the top of the larger triangle, currently bitcoin and the bulls have taken one of the 3 most important moving averages the (20MA,50MA,and 200MA) and holding TECHNICAL ANALYSIS IS ON POINT, ALSO MY (BSSI) INDEX "10XBITCANDLESYNERGY (BSSI) BITCOIN SYNERGY STRENGTH INDEX IS CURRENTLY ON THE 1H TIME FRAME THAT IM CURRENTLY USING UNTIL I MOVE ONTO THE 4H AND THEN START THE CALCULATED PERCENTAGE FOR THAT TIME FRAME AS THE BULLS GAIN STRENGTH AND MOMENTUM. BELOW IS A FULL DESCRIPTION OF MY (BSSI) INDEX THAT I HAVE CREATED AND MANUALLY CALCULATE UNTIL I CAN GET THE AUTOMATED and just waiting for a candle close above to confirm the confirmation of the last candle close above the large triangle, so what is next? AS I PREDICTED YESTERDAY WE ARE LOOKING FOR A TARGET OUT OF THIS LARGE TRIANGLE TO ALL TIME NEW HIGHS OF 50k BY DAYS END ! SO LETS JUST SEE IF MY PREDICTION AND TRADING CALL IS CORRECT AND MY ALGO/BOT BUILT FOR MY NEW TRADING PROGRAM.
BULLS 100%
BEARS 0%
*BELOW IS NOT A PAID SERVICE,SUBSCRIPTION,AVERTISMENT,OR SPAM, ITS A IDEA I HAVE BEEN WORKING ON FOR OVER 1.5 YEARS WITH BACKTESTING, A IDEA THAT I INTEND ON MAKING INTO A TRADING PROGRAM IN THE FUTURE THAT WILL BE A AUTOMATED ALGO THAT WILL GIVE BUY/SELL ,LONG/SHORTS, BULLISH/BEARISH SIGNALS AND OVERALL BITCOIN STRENGTH OF TREND, ITS A (BSSI) INDEX "BITCOIN SYNERGY STRENGTH INDEX" THIS IDEA IS FREE OPEN SOURCE TO BENIFIT ALL MEMBERS AND I INTEND ON PUBLISHING THIS INDEX ASWELL AS MY OWN TRADING STRATEGY GUIDE WITH FULL CHART PATTERN ILLUSTRATIONS, ALL INDICATORS USED AND CUSTOM BACKTESTED INPUTS/SETTINGS, A SIMPLISTIC HYBRID SYNERGY TRADING PROGRAM AND HOLY GRAIL FOR DUMMIES.
10XBITTRADER PRESENTS....
10XBITCANDLESYNERGY (BSI) BITCOIN STRENGTH INDEX:
ALL IN ONE (20) BTC BITCOIN BUY/SELL CONVERGENCE/DIVERGENCE HYBRID SYNERGY LAGGING-LEADING-COINCIDENT (TREND, VOLUME ,MOMENTUM, VOLATILITY ) MATHEMATICALLY PROBABILITY PERCENTAGE AUTOMATED ALGORITHM MULTI INDICATOR INDEX :
TODAYS INDEX CALCULATED ON 4 TIME FRAMES AND PRESENTED ON DAILY CHART 1-14-21 (TODAY CALCULATED ONLY USING THE 1H)
BULLS 100%
BEARS 0%
CONSOLIDATION 0%
*percentages are calculated using all (4) time frames 1H-4H-12H-DAILY
10XBITCANDLESYNERGY (BSI) BITCOIN STRENGTH INDEX:
A all (20) in one btc buy/sell,long/short strength of trend trading indicator /algo . i have come up with my own bitcoin /crypto all in one (20) hybrid/synergy indicator automated/algorithm trading program , a simplistic holy grail buy/sell bulls,bears and consolidation system based on mathematics, probability and percentages specifically created for bitcoin & crypto currencies but may be able to use on all markets once back tested for highest success and accuracy 10xbitcandlesynergy index trading program /algo that gives me buy/sell ,bulls/bears and consolidation signals by combining 20 indicators and using mathematics percentages % giving each indicator a value of 5% for a total of 100% there is 10 lagging and 10 leading and 1 coincident indicators and 5 each trend, volatility , volume ,momentum a perfect mix of 25% each for total 100% and using mathematics,probability and percentages we have a very accurate trend strength all in one indicator/index ,i have tweaked each indicator for best accuracy on all 4 time frames , all my own inputs/settings into each indicator and have been back testing this manually for a months now with great accuracy and win ratio, i plan on making this trading program into a automated algorithm once i find the right coder/programmer/script writer , until then i'm doing the calculations manually by adding and subtracting the percentages from bulls/bears as the signals cross,indicate,diverge,and converge for a simplistic (btc) bitcoin/crypto all in one (20) index of multi indicators for buy/sell, bulls,bears & long,shorts strength trending while gauging both strength and weakness and consolidation when no trend or trending sideways, soon to be fully automated algo program, so daily i will be putting up the percentage of where the trend is using (4) time frames (1H-4H-12H-DAILY) anytime one gets over 51% then its a buy/sell signal and signal of strength for current trend and 50% is consolidating and no trade. the higher the the percentage of bulls/bears the stronger the trend and lower the percentage of bulls/bears will signal the weakness of either bullish or bearish trend,as they change hands and flip you then can exit position and enter into new position simultaneously vise versa.
THE MATHEMATICAL PERCENTAGE & CALCULATIONS USED WITH (4) TIME FRAMES (1H-4H-12H-DAILY) EXAMPLE:
BULLS% (BULLISH TREND) VS BEARS% (BEARISH TREND) AND CONSOLIDATION% (NO TREND)
LONGS VS SHORTS POSITIONS :
let’s say the (1H) time frame the BULLS are 60% and the BEARS 40% percent
Then the (4H) time frame the BULLS are 80% and BEARS 20% percent
Then the (12H) time frame the BULLS are 90% and the BEARS 10% percent
Lastly the (DAILY) time frame the BULLS are 100% and the BEARS 0% percent
Now you add up the BULLS AND BEARS from each time (4) frames and then you calculate total and in this case example BULLS 330% and the BEARS 70%
Now you divide each the BULLS 330% and BEARS 70% percentage separately by (4) and you get BULLS 82.5% and the BEARS 17.5% percent
Now that gives you the average bitcoin markets trends strength and weakness of the (4) time frames.
With that calculation say u were in a LONG (BULL) position, u would stay in a the LONG (BULL) position as the percentage calculation read higher then the 51% at 82.5% percent so u would not exit trade until BULLS fell below 51% to either 50% consolidation or 49% percent at that moment the bulls and bears reversed so then you would exit the LONG (BULLS 49%) position and enter the new SHORT (BEAR 51%) percent position as now the overall bitcoin trend average switched/swapped trends from BULLISH TO BEARISH and the higher or lower the reading/calculation of percentage of BULLS/BEARS the stronger or weaker the trend becomes until one is 100% trending and that will be on all (4) time frames in either BULLS or BEARS or CONSOLIDATING at 50% then it’s no trade, while it’s calculated that at 51% u can exit and enter a trade we recommend you backtest this indicator/index until u see fit and feel comfortable what percentage is a good exit or entry signal so we suggest 40% exit and a 60% entry BULLS/BEARS vise versa is a good place to start until u find your sweet spot percentage that you feel comfortable in trading and profit taking .
have had this working with 100% accuracy with a couple of rules , never use higher then 10x leverage only , 5X I find to be the sweet spot when leverage/margin trading and when trading we recommend u also use the same (4) time frames to find the best trade set ups or patterns ,support/resistance breakouts/breakdowns ,remember Risk management is key to winning successfully in trading while making profits vs losing profits , use R/R risk /reward ratio 2-1 or higher as your reward should always outweigh the risks , only use 1-10% of your portfolio per trade and only trade with money u can stand to lose as trading comes with risk and using leverage is even more risky, follow me and like if u want to see my trade/position daily
Have you ever heard anyone say the chance of something happening is “50–50”? what does that actually mean? this phrase has something to do with probability. probability tells you how likely it is that an event will occur. this means that for certain events you can actually calculate how likely it is that they will happen
probability allows us to quantify the likelihood an event will occur. you might be familiar with words we use to talk about probability, such as “certain,” “likely,” “unlikely,” “impossible,” and so on. you probably also know that the probability of an event happening spans from impossible, which means that this event will not happen under any circumstance, to certainty, which means that an event will happen without a doubt. In mathematics , these extreme probabilities are expressed as 0 (impossible) and 1 (certain). This means a probability number is always a number from 0 to 1. probability can also be written as a percentage, which is a number from 0 to 100 percent. the higher the probability number or percentage of an event, the more likely is it that the event will occur.
i have tweaked the inputs/settings and handpicked and back tested the top combination of indicators that cut out the noise and confusion in trading and come up with a algorithm that will signal you for exits and entries ,tells you when bitcoin is consolidating and trading sideways, it’s color coded for ease of trading (red /short, green/long, white/consolidate . you can’t just rely on one aspect of the market and can’t use
a trend-following strategy alone , you will do poorly when the market is ranging.
Secondly, the markets are constantly changing. The price action is like the ebb and flow of the ocean. it is constantly changing both in intensity and duration.
Third, there is no magical formula for trading because no one can prepare for all market scenarios. The efficient market hypothesis is wrong because if the market were efficient indeed, there is no way to make a profit.
these 3 reasons clearly demonstrate why
even price action trading strategies carry their own share of risks.
price action is another thing that can’t be done alone, that’s why u need my system because i’m using price action and trend following together by using all 4 indicators in one strategy, trend, volatility , volume and momentum, now that is the holy grail, u have both ½ lagging and ½ leading, u have the best of all worlds in trading, and it’s mathematically set up using percentages to give you the highest accuracy and winning trades.
probability using mathematical percentages% using (20) indicators and trading on the higher percentage of signals that are bull vs bear using a mix of lagging , leading & coincident indicators as well as as (5) each trend, momentum, volatility , volume , giving 25% percentage of each , now in math, probability the more indicators that signal for each bear or bull , long or short, green or red should have the higher percentage of winning the trade. math does not lie.
creating my own hybrid all in one simplistic indicator out of 20 existing indicators with a set of rules/code to program meaning:
components of hybrid indicators
hybrid indicators use a combination of existing indicators and can be thought of as simplistic trading systems. building my own algo/automated bot that multiplies and subtracts the indicators values /percentages/signals into colors,alerts, scoreboard/leaderboard, all scripts have to talk to one another and combine as one “synergy”
1. Trend
trend trading is a trading style that attempts to capture gains through the analysis of an asset's momentum in a particular direction. when the price is moving in one overall direction, such as up or down, that is called a trend. trend traders enter into a long position when a security is trending upward.
2. momentum: momentum is the rate of acceleration of a security's price or volume . a trader will take a long or short position in a stock, hoping its momentum will continue in an upward or downward direction. momentum trading happens on the backs of others and price trends are never guaranteed.
3. Volume .
trading volume is a measure of how much of a given financial asset has traded in a period of time. for stocks, volume is measured in the number of shares traded and, for futures and options, it is based on how many contracts have changed hands.
4. Volatility .
volatility is a statistical measure of the dispersion of returns for a given security or market index. ... for example, when the stock market rises and falls more than one percent over a sustained period of time, it is called a "volatile" market. an asset's volatility is a key factor when pricing options contracts.
1. leading indicators:
a leading indicator is a predictive measurement, for example; the percentage of people wearing hard hats on a building site is a leading safety indicator.
2. lagging indicators
: a lagging indicator is an output measurement, for example; the number of accidents on a building site is a lagging safety indicator.
3. coincident indicators:
a coincident indicator is an economic statistical indicator that changes (more or less) simultaneously with general economic conditions and therefore reflects the current status of the economy. typical examples of coincident indicators are industrial production or turnover.
4. price action:
Price action is the movement of a security's price plotted over time. Price action forms the basis for all technical analysis of a stock, commodity or other asset chart. Many short-term traders rely exclusively on price action and the formations and trends extrapolated from it to make trading decisions.
This index (BSI) BITCOIN STRENGTH INDEX/BIT SYNERGY INDEX gives the relative strength technical all in one (20) indicators used for analysis of the bulls,bears & consolidation of overall trend using percentages, mathematics & probability to calculate manually until a(automated (algo) is created and released by using all (4) time frames to give a fair,accurate and unbiased readings by using and taking all 4 time frame percentage calculations then dividing that total percent by 100% to give the overall percent average for the strength/weakness in the bullish or bearish trend, it is intended to chart the current strength and weakness of the bitcoin market based on the recent trading period/candles , this indicator is classified as a trend indicator/index, measuring the strength and weakness of the overall bitcoin market for such time frames/periods, it computes a ratio and average of the overall trend,in a volatile market like bitcoin this index can be of some value to help you to know if bitcoin is bullish,bearish or consolidating, it will help you gauge the right timing for a buy,sell or long,short signal.the BSI index is measured on a scale of 5% to 100% , 50% being consolidating while 55% of either bull or bear can signal a buy or sell respectfully vise versa, say bulls 55% and bears 45% will respectfully give a buy signal for the bulls as its gauged higher than the bears by that 5% margin, as the percentage rises so does the strength and vise versa so as the percentage falls so does the strength of the trend and market. This BSI is created by jason scott aka: 10XBITTRADER and will be published sometime in 2021-2022 and will not be confused with the RSI that measures the momentum, velocity and magnitude of price that uses a scale of 0-100 (overbought/oversold) readings. This index should not be used alone and should be used with price action,candles,charting, and other indicators of your choice but respectfully this index uses (20) of the best indicators for trend,momentum,volatility and volume being all 3 lagging,leading and coincident indicators.but it’s power is how accurate the strength of a trend is or consolidating sideways, Quantifying Trend Strength,
Strategic Use of ADX
Price is the single most important signal on a chart. Read price first, and then read ADX in the context of what price is doing. When any indicator is used, it should add something that price alone cannot easily tell us. For example, the best trends rise out of periods of price range consolidation. Breakouts from a range occur when there is a disagreement between the buyers and sellers on price, which tips the balance of supply and demand. Whether it is more supply than demand, or more demand than supply, it is the difference that creates price momentum.
Breakouts are not hard to spot, but they often fail to progress or end up being a trap. However, ADX tells you when breakouts are valid by showing when ADX is strong enough for price to trend after the breakout. When ADX rises from below 25 to above 25, price is strong enough to continue in the direction of the breakout.
ADX as a Range Finder
Conversely, it is often hard to see when price moves from trend to range conditions. ADX shows when the trend has weakened and is entering a period of range consolidation. Range conditions exist when ADX drops from above 25 to below 25. In a range, the trend is sideways, and there is general price agreement between the buyers and sellers. ADX will meander sideways under 25 until the balance of supply and demand changes again.
ADX gives great strategy signals when combined with price. First, use ADX to determine whether prices are trending or non-trending, and then choose the appropriate trading strategy for the condition. In trending conditions, entries are made on pullbacks and taken in the direction of the trend. In range conditions, trend-trading strategies are not appropriate. However, trades can be made on reversals at support (long) and resistance (short).
The Bottom Line: Finding Friendly Trends
The best profits come from trading the strongest trends and avoiding range conditions. (BSSI) not only identifies trending conditions, it helps the trader find the strongest trends to trade. The ability to quantify trend strength is a major edge for traders. (BSSI) also identifies range conditions, so a trader won't get stuck trying to trend trade in sideways price action. In addition, it shows when price has broken out of a range with sufficient strength to use trend-trading strategies. (BSSI) also alerts the trader to changes in trend momentum, so risk management can be addressed. If you want the trend to be your friend, you'd better not let the (BSSI) become a stranger, and know trends are friends until they are not, the trend will eventually end and this hybrid synergy bitcoin index is your best bet to not only winning trades but consistently in winning trades , u will come to be a trader that you can even lose 7 out of 10 times and still make trading very profitable when using risk management (r/r) risk/reward , with getting the most indicators in one index or any trading program you can have the highest success trading and with knowing the trends true strength and you find yourself maxed out at 100% u can enter a highly more risky trade using higher leverage because during outbreaks the market is moving at a 70-30 pace, that’s 70 percent of the tide pushes price action in that bullish or bearish breakouts or breakdowns and only 30% of the trend moves in opposing direction giving you a higher leverage and risk/reward overall trade set up, we know after backtesting this it will be the closest thing to a holy grail every trader,beginner seeks when starting to trade or even seasoned to free up his time as time is money.
10XBITCANDLESYNERGY (BSSI) BITCOIN SYNERGY/STRENGTH INDEX values percentages help traders identify the strongest and most profitable trends to trade. The values/percentage gives high and low probability and using math the universes language to talk to us and give us high accuracy trading signals that will help you with exits or entries in trading ,also are important for distinguishing between trending and non-trending conditions. Many traders will use my index reading of percentages like a gauge to know direction of trend or if there is a trend to trade because we could be consolidating while the bulls/bears, the supply/demand makes up their minds to direction long or short ,the higher the percentage for either bull or bear will tell you the overall trend you are in at that moment but it’s how high or low that will dictate a rising ,falling or consolidation trend , so example above 60% to 80% is a high strong trend for bulls or bears and the higher percent of either will dictate if u are in a bullish or bearish trend so to know to take either a short or long trade , when the percentage is 50% it means both bulls and bears are both 50% and consolidating and no trend because the total of the index percentage is 100% when the percentage is at 90% to 100% the trend strength is at highest /maximum strength and should signal for breakouts, breakdowns, parabolic price moves ,many will avoid trend-trading strategies.and use other methods like price ,momentum,volume,gauge volatility so to know if a trade is worth the risk or reward.
(20)indicators being used in the background .values by 5% percent to equal 100% percent with all 20 indicators
all values to 5% each for total (20) indicators equaling = 100%
There is no real holy grail indicator but by far this system i have designed/created is your best bet in trading accuracy because its backed by mathematical probability using percentages and math does not lie, this program should not be used alone, you need price action, learn to read candles, learn how to draw trend lines , how to spot great patterns like ascending/descending triangles,double tops and bottoms, channels, head and shoulders , this program is for giving you buy/sell signals when a trend is strongest and the reason to use multi indicators and a program like this is let's say you use the ( RSI ) for overbought/oversold signals all you are getting is just 1 aspect of the overall trend signal as in the RSI its momentum, its 6.5% of the total 5 each ( momentum, trend, volatility, and volume,and 25% 0f those 4 which equals total value of 5% per (20) indicators that are used in my multi indicator index, and that will give you the best and most accurate signals, you need volume and you need to know how volatile the market is for the overall best trend signal, with my system you get mathematically the highest percentage signals and a all in one hybrid/synergy index of indicator , you get the best of all worlds,so please study trading 101 before any real trading and before you use this system because this system is meant to be used with someone knowledgeable in trading to get the best overall results and winning ratio in trading, this can show you when the trend for bulls or bears is at its peak and up to 100% accuracy but without the trading 101 u will undoubtedly lose profits and trades, this is the holy grail of indicators that give you the highest percent of the current trend for bulls or bears and even when consolidating but its not the one all be all trading tool,system without knowing trading 101 first, so please take this into account before trading or subscribing to my system/index always use risk management regardless of any trading plan, i have 11 trading rules when using my program,these are also the 11 most common mistakes every newbie trader makes when first starting to learn how to trade and if u take them serious u won't have to make those same mistakes and get rekt,stomped out or liquidated out of a trade,it will save you from losing profits.these are the most common mistakes and there are many more you will learn along the way,but these 11 are a great start and wish i knew them prior to me learning how to trade as it would of saved me thousands of dollars or btc.
1. Don’t over leverage, 2-3X any higher then 5X or higher will get you rekt,stomped out,and liquidated most newbies biggest beginner mistake greed, 5X is perfect for (supertrend) signal-(ATR)1/ stop loss-(ATR)2 /take profits (ATR)3
2. So use stop losses /trailing stop loss if u are using 5X or higher and no stop nessary 2-3x / also take profits
3. Always follow the trend and never trade against it “ the trend is your friend too the end” until its not!at some point the trend always ends.
4. Never short above 200ma and never long below 200ma
5. Don’t fomo ,panicpanick sell, emotionally trade.
6. Fear and greed kill profits and gets you rekt
7.. Learn trading and get knowledgeable in trading 101 before using this simplistic system
8. . Only use 1%-10% of your portfolio per trade and only trade with money/ funds you potentially could lose .
10. use risk/reward ,your reward should always outweigh your risks.
11. don't force a trade, don't stay in a bad trade, wait for a trade to come to you and know no trade is sometimes better then a trade.
12. TAKE PROFITS BEFORE (BSI) FALLS OUT FROM BELOW 70% AND ALL INDICATORS START REVERSING TURNING TREND/TIDE CHANGE OF BULLS/BEARS VISE VERSA.
13. DON’T HOLD ONTO A LOSING TRADE, AND ONLY TAKE TRADE BREAKOUTS/BREAKDOWNS OR A CHART PATTERN,TREND LINE, SUPPORT/RESISTANCE. WAIT AND MAKE TRADES COME TO YOU, DO NOT GO TRADE HUNTING FOR LOSERS WITH VERY LOW R/R RISK/REWARD , GO FOR HIGH R/R TRADE SET UPS ONLY, TIME IS MONEY, DON’T GO CHASING LOSERS ,
14. ONLY TRADE BITCOIN (BTC) ITS THE BEST ASSET AND COMMODITY CLASS THAT HAS OUT PERFORMED EVERY OTHER ASSET CLASS IN THE LAST 11 YEARS, ITS A HEDGE FROM INFLATION AND OUR FIAT FRACTIONAL RESERVE PONSEY SCHEME DOLLARS
15. DONT DEVIATE FROM THE 14 RULES.
10XBITCANDLESYNERGY INDEX SYSTEM/PROGRAM FEATURES:
* alert system.
* automated buy/sell signal on chart.
* noise free signals.
* color coded (one large candle) green/red/white.
* 3 leaderboards (bulls/bears/consolidating)
* simplistic and easy to use signal bulls,bears,consolidation, automated hybrid synergy trading system .
LEVERAGE RISK DISCLAIMER:
Benefits and Risks of Leverage
Leverage allows traders the ability to enter into a position worth many times the account value with a relatively small amount of money. This leverage can work with you as well as against you. Even though the Forex market offers traders the ability to use a high degree of leverage, trading with high leverage may increase the losses suffered. Please use caution when using leverage in trading or investing because leverage can be a two edged sword, it can make you a lot of profits but also a lot of losses and can have you rekt and have your account at zero fast.so be very careful when using leverage and always use risk management,stop losses,take profits,use risk/reward like 2-1 at most to survive in trading for years to come,trading is not a sprint its a marathon.everything should be taken as a opinion and not trading advice, everyone should learn trading 101 before ever atempting to trade using real funds, trading and bitcoin can be very speculative, trade at own risk.
*trading view moderators please if u have any issue with my trading program idea, if u believe for any reason it violates any of the rules please do not ban me again as i have carefully state in the below that this is not a paid subscription,or advertisement, nor is it spam or anything else that would cause another ban or violation, this is a idea that im back-testing and bringing it to our community to see if it offers value to there own trading and value to trading view as this is a place of sharing ideas, building scripts, building indicators, my index is a multi hybrid 20 indicators bitcoin strength index and im publishing it here to get valued feedback from our trading view family and community , so please if anything in this post violates please do not ban me , please bring it to my attention and i will gladly remove or delete anything you deem a violation of any rules, thank you.
*THIS IS NOT A PAID SUBSCRIPTION , THIS IS MY OWN (BSSI) INDEX FOR STRENGTH OF TREND, I GOT MY ACCOUNT BANNED FOR 1 MONTH FOR SAYING IT WAS A FUTURE SUBSCRIPTION SO I WANT TO MAKE IT VERY CLEAR TO THE TRADING VIEW MODS THAT THIS INDEX IS A FREE ALL IN ONE (20) INDICATORS WORKING IN SYNERGY TO GIVE OVERALL STRENGTH AND WEAKNESS IN BULL AND BEAR TREND AS WELL AS CONSOLIDATION I AM NOT CHARGING A FEE NOR IS THIS ANY KIND OF ADVERTISEMENT, SPAM, SOLICITATION MATERIEL, IT IS FOR ANY MEMBER WHO WANTS TO USE MY DAILY SIGNAL OF TREND STRENGTH, IM LOOKING TO MAKE THIS INTO A AUTOMATED ALGO IN THE FUTURE THAT WILL CALCULATE ALL PERCENTAGES AND GIVE BUY/SELL SIGNALS FOR BOTH LONGS AND SHORTS , BULLISH OR BEARISH,THIS IS ALSO NOT TRADING ADVISE AND ITS BASED ON MY STRONG OPINION AND MATHEMATICALLY PERCENTAGES TO GIVE THE HIGHEST PROBABILITY OF ACCURACY IN TREND. THE DISCLAIMER IS ABOVE.
BULLS 100%
BEARS 0%
*BELOW IS NOT A PAID SERVICE,SUBSCRIPTION,AVERTISMENT,OR SPAM, ITS A IDEA I HAVE BEEN WORKING ON FOR OVER 1.5 YEARS WITH BACKTESTING, A IDEA THAT I INTEND ON MAKING INTO A TRADING PROGRAM IN THE FUTURE THAT WILL BE A AUTOMATED ALGO THAT WILL GIVE BUY/SELL ,LONG/SHORTS, BULLISH/BEARISH SIGNALS AND OVERALL BITCOIN STRENGTH OF TREND, ITS A (BSSI) INDEX "BITCOIN SYNERGY STRENGTH INDEX" THIS IDEA IS FREE OPEN SOURCE TO BENIFIT ALL MEMBERS AND I INTEND ON PUBLISHING THIS INDEX ASWELL AS MY OWN TRADING STRATEGY GUIDE WITH FULL CHART PATTERN ILLUSTRATIONS, ALL INDICATORS USED AND CUSTOM BACKTESTED INPUTS/SETTINGS, A SIMPLISTIC HYBRID SYNERGY TRADING PROGRAM AND HOLY GRAIL FOR DUMMIES.
10XBITTRADER PRESENTS....
10XBITCANDLESYNERGY (BSI) BITCOIN STRENGTH INDEX:
ALL IN ONE (20) BTC BITCOIN BUY/SELL CONVERGENCE/DIVERGENCE HYBRID SYNERGY LAGGING-LEADING-COINCIDENT (TREND, VOLUME ,MOMENTUM, VOLATILITY ) MATHEMATICALLY PROBABILITY PERCENTAGE AUTOMATED ALGORITHM MULTI INDICATOR INDEX :
TODAYS INDEX CALCULATED ON 4 TIME FRAMES AND PRESENTED ON DAILY CHART 1-14-21 (TODAY CALCULATED ONLY USING THE 1H)
BULLS 100%
BEARS 0%
CONSOLIDATION 0%
*percentages are calculated using all (4) time frames 1H-4H-12H-DAILY
10XBITCANDLESYNERGY (BSI) BITCOIN STRENGTH INDEX:
A all (20) in one btc buy/sell,long/short strength of trend trading indicator /algo . i have come up with my own bitcoin /crypto all in one (20) hybrid/synergy indicator automated/algorithm trading program , a simplistic holy grail buy/sell bulls,bears and consolidation system based on mathematics, probability and percentages specifically created for bitcoin & crypto currencies but may be able to use on all markets once back tested for highest success and accuracy 10xbitcandlesynergy index trading program /algo that gives me buy/sell ,bulls/bears and consolidation signals by combining 20 indicators and using mathematics percentages % giving each indicator a value of 5% for a total of 100% there is 10 lagging and 10 leading and 1 coincident indicators and 5 each trend, volatility , volume ,momentum a perfect mix of 25% each for total 100% and using mathematics,probability and percentages we have a very accurate trend strength all in one indicator/index ,i have tweaked each indicator for best accuracy on all 4 time frames , all my own inputs/settings into each indicator and have been back testing this manually for a months now with great accuracy and win ratio, i plan on making this trading program into a automated algorithm once i find the right coder/programmer/script writer , until then i'm doing the calculations manually by adding and subtracting the percentages from bulls/bears as the signals cross,indicate,diverge,and converge for a simplistic (btc) bitcoin/crypto all in one (20) index of multi indicators for buy/sell, bulls,bears & long,shorts strength trending while gauging both strength and weakness and consolidation when no trend or trending sideways, soon to be fully automated algo program, so daily i will be putting up the percentage of where the trend is using (4) time frames (1H-4H-12H-DAILY) anytime one gets over 51% then its a buy/sell signal and signal of strength for current trend and 50% is consolidating and no trade. the higher the the percentage of bulls/bears the stronger the trend and lower the percentage of bulls/bears will signal the weakness of either bullish or bearish trend,as they change hands and flip you then can exit position and enter into new position simultaneously vise versa.
THE MATHEMATICAL PERCENTAGE & CALCULATIONS USED WITH (4) TIME FRAMES (1H-4H-12H-DAILY) EXAMPLE:
BULLS% (BULLISH TREND) VS BEARS% (BEARISH TREND) AND CONSOLIDATION% (NO TREND)
LONGS VS SHORTS POSITIONS :
let’s say the (1H) time frame the BULLS are 60% and the BEARS 40% percent
Then the (4H) time frame the BULLS are 80% and BEARS 20% percent
Then the (12H) time frame the BULLS are 90% and the BEARS 10% percent
Lastly the (DAILY) time frame the BULLS are 100% and the BEARS 0% percent
Now you add up the BULLS AND BEARS from each time (4) frames and then you calculate total and in this case example BULLS 330% and the BEARS 70%
Now you divide each the BULLS 330% and BEARS 70% percentage separately by (4) and you get BULLS 82.5% and the BEARS 17.5% percent
Now that gives you the average bitcoin markets trends strength and weakness of the (4) time frames.
With that calculation say u were in a LONG (BULL) position, u would stay in a the LONG (BULL) position as the percentage calculation read higher then the 51% at 82.5% percent so u would not exit trade until BULLS fell below 51% to either 50% consolidation or 49% percent at that moment the bulls and bears reversed so then you would exit the LONG (BULLS 49%) position and enter the new SHORT (BEAR 51%) percent position as now the overall bitcoin trend average switched/swapped trends from BULLISH TO BEARISH and the higher or lower the reading/calculation of percentage of BULLS/BEARS the stronger or weaker the trend becomes until one is 100% trending and that will be on all (4) time frames in either BULLS or BEARS or CONSOLIDATING at 50% then it’s no trade, while it’s calculated that at 51% u can exit and enter a trade we recommend you backtest this indicator/index until u see fit and feel comfortable what percentage is a good exit or entry signal so we suggest 40% exit and a 60% entry BULLS/BEARS vise versa is a good place to start until u find your sweet spot percentage that you feel comfortable in trading and profit taking .
have had this working with 100% accuracy with a couple of rules , never use higher then 10x leverage only , 5X I find to be the sweet spot when leverage/margin trading and when trading we recommend u also use the same (4) time frames to find the best trade set ups or patterns ,support/resistance breakouts/breakdowns ,remember Risk management is key to winning successfully in trading while making profits vs losing profits , use R/R risk /reward ratio 2-1 or higher as your reward should always outweigh the risks , only use 1-10% of your portfolio per trade and only trade with money u can stand to lose as trading comes with risk and using leverage is even more risky, follow me and like if u want to see my trade/position daily
Have you ever heard anyone say the chance of something happening is “50–50”? what does that actually mean? this phrase has something to do with probability. probability tells you how likely it is that an event will occur. this means that for certain events you can actually calculate how likely it is that they will happen
probability allows us to quantify the likelihood an event will occur. you might be familiar with words we use to talk about probability, such as “certain,” “likely,” “unlikely,” “impossible,” and so on. you probably also know that the probability of an event happening spans from impossible, which means that this event will not happen under any circumstance, to certainty, which means that an event will happen without a doubt. In mathematics , these extreme probabilities are expressed as 0 (impossible) and 1 (certain). This means a probability number is always a number from 0 to 1. probability can also be written as a percentage, which is a number from 0 to 100 percent. the higher the probability number or percentage of an event, the more likely is it that the event will occur.
i have tweaked the inputs/settings and handpicked and back tested the top combination of indicators that cut out the noise and confusion in trading and come up with a algorithm that will signal you for exits and entries ,tells you when bitcoin is consolidating and trading sideways, it’s color coded for ease of trading (red /short, green/long, white/consolidate . you can’t just rely on one aspect of the market and can’t use
a trend-following strategy alone , you will do poorly when the market is ranging.
Secondly, the markets are constantly changing. The price action is like the ebb and flow of the ocean. it is constantly changing both in intensity and duration.
Third, there is no magical formula for trading because no one can prepare for all market scenarios. The efficient market hypothesis is wrong because if the market were efficient indeed, there is no way to make a profit.
these 3 reasons clearly demonstrate why
even price action trading strategies carry their own share of risks.
price action is another thing that can’t be done alone, that’s why u need my system because i’m using price action and trend following together by using all 4 indicators in one strategy, trend, volatility , volume and momentum, now that is the holy grail, u have both ½ lagging and ½ leading, u have the best of all worlds in trading, and it’s mathematically set up using percentages to give you the highest accuracy and winning trades.
probability using mathematical percentages% using (20) indicators and trading on the higher percentage of signals that are bull vs bear using a mix of lagging , leading & coincident indicators as well as as (5) each trend, momentum, volatility , volume , giving 25% percentage of each , now in math, probability the more indicators that signal for each bear or bull , long or short, green or red should have the higher percentage of winning the trade. math does not lie.
creating my own hybrid all in one simplistic indicator out of 20 existing indicators with a set of rules/code to program meaning:
components of hybrid indicators
hybrid indicators use a combination of existing indicators and can be thought of as simplistic trading systems. building my own algo/automated bot that multiplies and subtracts the indicators values /percentages/signals into colors,alerts, scoreboard/leaderboard, all scripts have to talk to one another and combine as one “synergy”
1. Trend
trend trading is a trading style that attempts to capture gains through the analysis of an asset's momentum in a particular direction. when the price is moving in one overall direction, such as up or down, that is called a trend. trend traders enter into a long position when a security is trending upward.
2. momentum: momentum is the rate of acceleration of a security's price or volume . a trader will take a long or short position in a stock, hoping its momentum will continue in an upward or downward direction. momentum trading happens on the backs of others and price trends are never guaranteed.
3. Volume .
trading volume is a measure of how much of a given financial asset has traded in a period of time. for stocks, volume is measured in the number of shares traded and, for futures and options, it is based on how many contracts have changed hands.
4. Volatility .
volatility is a statistical measure of the dispersion of returns for a given security or market index. ... for example, when the stock market rises and falls more than one percent over a sustained period of time, it is called a "volatile" market. an asset's volatility is a key factor when pricing options contracts.
1. leading indicators:
a leading indicator is a predictive measurement, for example; the percentage of people wearing hard hats on a building site is a leading safety indicator.
2. lagging indicators
: a lagging indicator is an output measurement, for example; the number of accidents on a building site is a lagging safety indicator.
3. coincident indicators:
a coincident indicator is an economic statistical indicator that changes (more or less) simultaneously with general economic conditions and therefore reflects the current status of the economy. typical examples of coincident indicators are industrial production or turnover.
4. price action:
Price action is the movement of a security's price plotted over time. Price action forms the basis for all technical analysis of a stock, commodity or other asset chart. Many short-term traders rely exclusively on price action and the formations and trends extrapolated from it to make trading decisions.
This index (BSI) BITCOIN STRENGTH INDEX/BIT SYNERGY INDEX gives the relative strength technical all in one (20) indicators used for analysis of the bulls,bears & consolidation of overall trend using percentages, mathematics & probability to calculate manually until a(automated (algo) is created and released by using all (4) time frames to give a fair,accurate and unbiased readings by using and taking all 4 time frame percentage calculations then dividing that total percent by 100% to give the overall percent average for the strength/weakness in the bullish or bearish trend, it is intended to chart the current strength and weakness of the bitcoin market based on the recent trading period/candles , this indicator is classified as a trend indicator/index, measuring the strength and weakness of the overall bitcoin market for such time frames/periods, it computes a ratio and average of the overall trend,in a volatile market like bitcoin this index can be of some value to help you to know if bitcoin is bullish,bearish or consolidating, it will help you gauge the right timing for a buy,sell or long,short signal.the BSI index is measured on a scale of 5% to 100% , 50% being consolidating while 55% of either bull or bear can signal a buy or sell respectfully vise versa, say bulls 55% and bears 45% will respectfully give a buy signal for the bulls as its gauged higher than the bears by that 5% margin, as the percentage rises so does the strength and vise versa so as the percentage falls so does the strength of the trend and market. This BSI is created by jason scott aka: 10XBITTRADER and will be published sometime in 2021-2022 and will not be confused with the RSI that measures the momentum, velocity and magnitude of price that uses a scale of 0-100 (overbought/oversold) readings. This index should not be used alone and should be used with price action,candles,charting, and other indicators of your choice but respectfully this index uses (20) of the best indicators for trend,momentum,volatility and volume being all 3 lagging,leading and coincident indicators.but it’s power is how accurate the strength of a trend is or consolidating sideways, Quantifying Trend Strength,
Strategic Use of ADX
Price is the single most important signal on a chart. Read price first, and then read ADX in the context of what price is doing. When any indicator is used, it should add something that price alone cannot easily tell us. For example, the best trends rise out of periods of price range consolidation. Breakouts from a range occur when there is a disagreement between the buyers and sellers on price, which tips the balance of supply and demand. Whether it is more supply than demand, or more demand than supply, it is the difference that creates price momentum.
Breakouts are not hard to spot, but they often fail to progress or end up being a trap. However, ADX tells you when breakouts are valid by showing when ADX is strong enough for price to trend after the breakout. When ADX rises from below 25 to above 25, price is strong enough to continue in the direction of the breakout.
ADX as a Range Finder
Conversely, it is often hard to see when price moves from trend to range conditions. ADX shows when the trend has weakened and is entering a period of range consolidation. Range conditions exist when ADX drops from above 25 to below 25. In a range, the trend is sideways, and there is general price agreement between the buyers and sellers. ADX will meander sideways under 25 until the balance of supply and demand changes again.
ADX gives great strategy signals when combined with price. First, use ADX to determine whether prices are trending or non-trending, and then choose the appropriate trading strategy for the condition. In trending conditions, entries are made on pullbacks and taken in the direction of the trend. In range conditions, trend-trading strategies are not appropriate. However, trades can be made on reversals at support (long) and resistance (short).
The Bottom Line: Finding Friendly Trends
The best profits come from trading the strongest trends and avoiding range conditions. (BSSI) not only identifies trending conditions, it helps the trader find the strongest trends to trade. The ability to quantify trend strength is a major edge for traders. (BSSI) also identifies range conditions, so a trader won't get stuck trying to trend trade in sideways price action. In addition, it shows when price has broken out of a range with sufficient strength to use trend-trading strategies. (BSSI) also alerts the trader to changes in trend momentum, so risk management can be addressed. If you want the trend to be your friend, you'd better not let the (BSSI) become a stranger, and know trends are friends until they are not, the trend will eventually end and this hybrid synergy bitcoin index is your best bet to not only winning trades but consistently in winning trades , u will come to be a trader that you can even lose 7 out of 10 times and still make trading very profitable when using risk management (r/r) risk/reward , with getting the most indicators in one index or any trading program you can have the highest success trading and with knowing the trends true strength and you find yourself maxed out at 100% u can enter a highly more risky trade using higher leverage because during outbreaks the market is moving at a 70-30 pace, that’s 70 percent of the tide pushes price action in that bullish or bearish breakouts or breakdowns and only 30% of the trend moves in opposing direction giving you a higher leverage and risk/reward overall trade set up, we know after backtesting this it will be the closest thing to a holy grail every trader,beginner seeks when starting to trade or even seasoned to free up his time as time is money.
10XBITCANDLESYNERGY (BSSI) BITCOIN SYNERGY/STRENGTH INDEX values percentages help traders identify the strongest and most profitable trends to trade. The values/percentage gives high and low probability and using math the universes language to talk to us and give us high accuracy trading signals that will help you with exits or entries in trading ,also are important for distinguishing between trending and non-trending conditions. Many traders will use my index reading of percentages like a gauge to know direction of trend or if there is a trend to trade because we could be consolidating while the bulls/bears, the supply/demand makes up their minds to direction long or short ,the higher the percentage for either bull or bear will tell you the overall trend you are in at that moment but it’s how high or low that will dictate a rising ,falling or consolidation trend , so example above 60% to 80% is a high strong trend for bulls or bears and the higher percent of either will dictate if u are in a bullish or bearish trend so to know to take either a short or long trade , when the percentage is 50% it means both bulls and bears are both 50% and consolidating and no trend because the total of the index percentage is 100% when the percentage is at 90% to 100% the trend strength is at highest /maximum strength and should signal for breakouts, breakdowns, parabolic price moves ,many will avoid trend-trading strategies.and use other methods like price ,momentum,volume,gauge volatility so to know if a trade is worth the risk or reward.
(20)indicators being used in the background .values by 5% percent to equal 100% percent with all 20 indicators
all values to 5% each for total (20) indicators equaling = 100%
There is no real holy grail indicator but by far this system i have designed/created is your best bet in trading accuracy because its backed by mathematical probability using percentages and math does not lie, this program should not be used alone, you need price action, learn to read candles, learn how to draw trend lines , how to spot great patterns like ascending/descending triangles,double tops and bottoms, channels, head and shoulders , this program is for giving you buy/sell signals when a trend is strongest and the reason to use multi indicators and a program like this is let's say you use the ( RSI ) for overbought/oversold signals all you are getting is just 1 aspect of the overall trend signal as in the RSI its momentum, its 6.5% of the total 5 each ( momentum, trend, volatility, and volume,and 25% 0f those 4 which equals total value of 5% per (20) indicators that are used in my multi indicator index, and that will give you the best and most accurate signals, you need volume and you need to know how volatile the market is for the overall best trend signal, with my system you get mathematically the highest percentage signals and a all in one hybrid/synergy index of indicator , you get the best of all worlds,so please study trading 101 before any real trading and before you use this system because this system is meant to be used with someone knowledgeable in trading to get the best overall results and winning ratio in trading, this can show you when the trend for bulls or bears is at its peak and up to 100% accuracy but without the trading 101 u will undoubtedly lose profits and trades, this is the holy grail of indicators that give you the highest percent of the current trend for bulls or bears and even when consolidating but its not the one all be all trading tool,system without knowing trading 101 first, so please take this into account before trading or subscribing to my system/index always use risk management regardless of any trading plan, i have 11 trading rules when using my program,these are also the 11 most common mistakes every newbie trader makes when first starting to learn how to trade and if u take them serious u won't have to make those same mistakes and get rekt,stomped out or liquidated out of a trade,it will save you from losing profits.these are the most common mistakes and there are many more you will learn along the way,but these 11 are a great start and wish i knew them prior to me learning how to trade as it would of saved me thousands of dollars or btc.
1. Don’t over leverage, 2-3X any higher then 5X or higher will get you rekt,stomped out,and liquidated most newbies biggest beginner mistake greed, 5X is perfect for (supertrend) signal-(ATR)1/ stop loss-(ATR)2 /take profits (ATR)3
2. So use stop losses /trailing stop loss if u are using 5X or higher and no stop nessary 2-3x / also take profits
3. Always follow the trend and never trade against it “ the trend is your friend too the end” until its not!at some point the trend always ends.
4. Never short above 200ma and never long below 200ma
5. Don’t fomo ,panicpanick sell, emotionally trade.
6. Fear and greed kill profits and gets you rekt
7.. Learn trading and get knowledgeable in trading 101 before using this simplistic system
8. . Only use 1%-10% of your portfolio per trade and only trade with money/ funds you potentially could lose .
10. use risk/reward ,your reward should always outweigh your risks.
11. don't force a trade, don't stay in a bad trade, wait for a trade to come to you and know no trade is sometimes better then a trade.
12. TAKE PROFITS BEFORE (BSI) FALLS OUT FROM BELOW 70% AND ALL INDICATORS START REVERSING TURNING TREND/TIDE CHANGE OF BULLS/BEARS VISE VERSA.
13. DON’T HOLD ONTO A LOSING TRADE, AND ONLY TAKE TRADE BREAKOUTS/BREAKDOWNS OR A CHART PATTERN,TREND LINE, SUPPORT/RESISTANCE. WAIT AND MAKE TRADES COME TO YOU, DO NOT GO TRADE HUNTING FOR LOSERS WITH VERY LOW R/R RISK/REWARD , GO FOR HIGH R/R TRADE SET UPS ONLY, TIME IS MONEY, DON’T GO CHASING LOSERS ,
14. ONLY TRADE BITCOIN (BTC) ITS THE BEST ASSET AND COMMODITY CLASS THAT HAS OUT PERFORMED EVERY OTHER ASSET CLASS IN THE LAST 11 YEARS, ITS A HEDGE FROM INFLATION AND OUR FIAT FRACTIONAL RESERVE PONSEY SCHEME DOLLARS
15. DONT DEVIATE FROM THE 14 RULES.
10XBITCANDLESYNERGY INDEX SYSTEM/PROGRAM FEATURES:
* alert system.
* automated buy/sell signal on chart.
* noise free signals.
* color coded (one large candle) green/red/white.
* 3 leaderboards (bulls/bears/consolidating)
* simplistic and easy to use signal bulls,bears,consolidation, automated hybrid synergy trading system .
LEVERAGE RISK DISCLAIMER:
Benefits and Risks of Leverage
Leverage allows traders the ability to enter into a position worth many times the account value with a relatively small amount of money. This leverage can work with you as well as against you. Even though the Forex market offers traders the ability to use a high degree of leverage, trading with high leverage may increase the losses suffered. Please use caution when using leverage in trading or investing because leverage can be a two edged sword, it can make you a lot of profits but also a lot of losses and can have you rekt and have your account at zero fast.so be very careful when using leverage and always use risk management,stop losses,take profits,use risk/reward like 2-1 at most to survive in trading for years to come,trading is not a sprint its a marathon.everything should be taken as a opinion and not trading advice, everyone should learn trading 101 before ever atempting to trade using real funds, trading and bitcoin can be very speculative, trade at own risk.
*trading view moderators please if u have any issue with my trading program idea, if u believe for any reason it violates any of the rules please do not ban me again as i have carefully state in the below that this is not a paid subscription,or advertisement, nor is it spam or anything else that would cause another ban or violation, this is a idea that im back-testing and bringing it to our community to see if it offers value to there own trading and value to trading view as this is a place of sharing ideas, building scripts, building indicators, my index is a multi hybrid 20 indicators bitcoin strength index and im publishing it here to get valued feedback from our trading view family and community , so please if anything in this post violates please do not ban me , please bring it to my attention and i will gladly remove or delete anything you deem a violation of any rules, thank you.
*THIS IS NOT A PAID SUBSCRIPTION , THIS IS MY OWN (BSSI) INDEX FOR STRENGTH OF TREND, I GOT MY ACCOUNT BANNED FOR 1 MONTH FOR SAYING IT WAS A FUTURE SUBSCRIPTION SO I WANT TO MAKE IT VERY CLEAR TO THE TRADING VIEW MODS THAT THIS INDEX IS A FREE ALL IN ONE (20) INDICATORS WORKING IN SYNERGY TO GIVE OVERALL STRENGTH AND WEAKNESS IN BULL AND BEAR TREND AS WELL AS CONSOLIDATION I AM NOT CHARGING A FEE NOR IS THIS ANY KIND OF ADVERTISEMENT, SPAM, SOLICITATION MATERIEL, IT IS FOR ANY MEMBER WHO WANTS TO USE MY DAILY SIGNAL OF TREND STRENGTH, IM LOOKING TO MAKE THIS INTO A AUTOMATED ALGO IN THE FUTURE THAT WILL CALCULATE ALL PERCENTAGES AND GIVE BUY/SELL SIGNALS FOR BOTH LONGS AND SHORTS , BULLISH OR BEARISH,THIS IS ALSO NOT TRADING ADVISE AND ITS BASED ON MY STRONG OPINION AND MATHEMATICALLY PERCENTAGES TO GIVE THE HIGHEST PROBABILITY OF ACCURACY IN TREND. THE DISCLAIMER IS ABOVE.
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