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Ascending Channel & Descending ChannelHello my friend | Welcome Back. Please support this idea with LIKE if you find it useful. *** One of the best methods of technical analysis at the beginning is to know the direction where it is heading Including the ascending channel and the descending channel pattern When drawing an ascending or descending channel, the tops of the bottoms are greater than the peaks and bottoms behind them, and usually there are three peaks or troughs, and then the break comes after To properly draw the pattern, link the tops and bottoms of each other so that the pattern is formed This in a nutshell
BITSTAMP:BTCUSDEducation
by Saeed966
10
When will we move out of this zone!Bitcoin has been rather boring in the past few weeks, just hanging around this consolidation zone. I have my eyes on this level off fibs, we have a bullish engulfing and now an indecision candle at the 38 I would like to see it test the supply zone and give us a decent break out of this consolidation zone Note : Supply zones are determined buy the last Green candle before a big push down Demand zones are determined by the last Red candle before a big move up. Consolidation zones are determined by an area after a move up or down where the price moves around in for a period of time. XBT 4hr
BITMEX:XBTEducation
by CryptoTennille
$MATIC : Possible Cat Ears Pattern; a small study.Possible Cat Ears pattern, note that i said possible. A cat ears pattern is found after a downtrend and consists of two "ears" which you can see above. Its a downtrend continuation pattern but it has a HIGH FAILURE RATE which means you are probably better off looking for long setups on it. A cat ears pattern has 6 variations, follow the link here and you can see for yourself on Thomas Bulkowskis website: (Look at the picture with 6 variations, example #3) www.thepatternsite.com One variation is as follows: -Downtrend -Sideways trading -Spike one (1st ear, higher) -Sideways trading -Spike two (2nd ear, lower) We are in the middle of spike two, its currently trying to hold the 0.618 fib as support, BUT if this does not hold and we come down to the outlined breakout level then we can see a rejection or breakout of the car ears pattern. So we watch, if it comes down to the bottom breakout level, it can fakeout below the support then close above, breaking the diagnol downtrend resistance line. Or the pattern plays out, but altcoins are looking quite good atm so i doubt that, Theres a chance we dont even come down to finish painting the 2nd ear and go from here. This idea is pure theoritcal and im only posting it to backtrack on later to see if we complete the pattern and how it does play out.
MEducation
by Worth_The_Ri5k
3
$BTC : Dominance chart, why its useful?The BTC.D Chart shows the total % of the Cryptocurrency market cap that BTC holds, why is this important? When BTC Dominance rises, that means money is flooding out of altcoins and into bitcoin, usually in highly volatile times. When BTC Dominance consolidates its a sign that money is moving is flowing between the altcoin and bitcoin markets and this is the best time for you to be trading altcoins. Some things to note about the BTC Dominance now on the weekly: -Strong uptrend (Parallel channel and painting flag structures) -Possible elliot wave structure, we still have 1 wave left -RSI Above 50, but turning down -Still creating higher lows on the smaller and higher timeframe trends -Flipped resistance right next to a golden fib -Double bottom pattern All these bullish signs are dangerous for alts, if it closes above 70 i would beware. But on the positive sign: -Many alts are positive lately, showing higher lowers and are very close to nice bounce areas like orderblocks/golden fibs -We are consolidating with a slight downwards angle -We just had a small pump and wicked down instantly off the OB/0.5 fib could be a earlier sign of rejection -The pump was a breakout of the double bottom pattern but we are back under the neckline now, if we start to consolidate above it or bearish retest under it maybe alts can get some love -Daily RSI is under 50 So pay attention and understand that if BTC moves up your alt trades will quickly go under, if it continues to dump off a bit and consolidate then alts can get some love! Click onto my main profile for 4 current altcoin ideas: RVN QNT XTZ ICX
CRYPTOCAP:BTC.DEducation
by Worth_The_Ri5k
$BTC : CME Gaps on Bitcoin.This chart is just to reflect on later/view to identify the current gaps on the Bitcoim CME chart. But why is this important? CME, as a multi-billion dollar derivatives company, has no incentive to push for Bitcoin options and other investment vehicles if there simply is no traction or demand from the market. As the company’s executive Tim McCourt said, CME’s Bitcoin futures market facilitated around $270 million per day: “We’re pleased our CME Bitcoin futures have rapidly evolved over the last two years to become one of the most liquid, listed Bitcoin derivatives products in the world, averaging nearly 6,400 contracts (equivalent to 31,850 Bitcoin) traded each day in 2019.”
CME:BTC1!Education
by Worth_The_Ri5k
$BTC : How do you like your Bitcoin scallops? Two ways!Possible descending scallop pattern on BTC. Ive made two charts two show that: 1. We could be already playing out the breakout of this pattern (left chart) 2. We may come down now and this pattern can fail this is the real breakout of the pattern (right chart) Descending scallops form the rounded bottom then after a short uptrend the price swings back violently before moving back up to breakout upwards of the point it swung back from, which is the breakout level labelled on the two charts.
COINBASE:BTCUSDEducation
by Worth_The_Ri5k
Bouncing around the 61.8 before another move to the upside.After a 17% drop over the weekend we now are back in a nice consolidation zone. this level is right on our 61.8 fib level, it also lines up with previous structure before we seen a move to 10k. Short term we may head down and test the trend. IMO it wont break that overall trend and we will see another move up. I am seeing a lot of these candles in this zone which have wicks to the downside. That indicates buying pressure. I will be looking for longs off the trend. Trend bias still telling us we are bearing for the minute XBT/BTC 4hr
BITMEX:BTCUSD.PEducation
by CryptoTennille
2
XBT has made a full recovery from Covid -19!!!!XBT has created new market structure and we are back to the price level pre covid-19 There is strong resistance to break with an equally as strong supply block, the next supply level isn't as strong (due to only a small consolidation zone before it) meaning we could easily break though it. XBT is a no trade zone for me at this stage. I will be looking for shorts if the retest fails to close above resistance. The demand zone is very strong with a decent consolidation zone before it and lots of previous structure. if we make it back down there, in my opinion it wont be for long. XBTUSD D
BITMEX:BTCUSD.PEducation
by CryptoTennille
1
LTC continues to push down!!LTC has been in a downwards trend for quiet sometime now. I am currently watching this current demand block. if we break though it we should see a move down to the next demand zone or even a touch and bounce off it. that's when I will be looking for longs. no trade just yet. if we tweezer bottom off the support then I will be looking for longs after a break in the trend we also haven't seen much of a consolidation on this m20 chart LTCM20 4hr
LEducation
by CryptoTennille
Ripple Prints High Volume, More To Come (Trade Inside 7X)Ripple used to get a lot of bad rep. from us cryptocurrency lovers... You know, the whole centralized stuff... Well, now the feeling is completely different, Ripple has become part of the market and we take it for what it is... Another altcoin that can be traded for profits for those who have the knowledge, patience, and experience to do so. I also believe that the more choices we have the better it is for all of us... Now, here is the full trade that you can use as an adjunct to your trades toolbox. This is not financial advice, of course, all the information shared here is intended for educational and entertainment purposes only and can be used to help guide you find the important resistance levels and support on a chart... Everybody can use this information in whatever way they see fit, hopefully, to improve your trading skills and produce better results... See below! After May, the altcoins market will start a process of sustained long-term growth. Feel free to buy now and reload all your favorite altcoins... What is coming is a great opportunity if you prepare yourself before the action starts. When everything starts moving, if you are not prepared, it is hard to make the right calls. Always remember to take your time before taking any actions, buy/sell... Always wait/hold when in doubt... Build a plan/strategy before buying any coin. This is Alan Masters. Thanks a lot for your support. Namaste.
XEducation
by AlanSantana
1
XBT Really Struggling to break Resistance Back to 5800???XBT has tried to break that key level of resistance multiple times now, the more times it is rejected the weaker it gets. after a quick spike up to 7300 last night we still closed below that resistance level. yesterday we broke the supply zone so you will see I have made the new supply zone which is at high 7's at this stage in my opinion if we close above res we will be heading up to the 7800 mark however over the next few days I will be keeping a close eye on this trendline. (the trend is your friend) if it doesn't respect the trend then down we go to 5800. Trend bias still bullish over the weekend I will post some other bitmex pairs for you guys 4hr XBT
BITMEX:BTCUSD.PEducation
by CryptoTennille
How much profit did the Bitmex arbitrage make?For at least three years now I have been advocating for the Bitmex futures "Cash and Carry" trade which is an arbitrage of the quarterly futures contracts versus the spot price of Bitcoin. With this recent selloff and hedge opportunity I wanted to demonstrate once again how this trade played out and its benefits. I've been telling people to do this not only in period of high volatility but also as a general hedging strategy to "lock in" the VALUE of Bitcoin at any given time that there is an opportunity. I seriously do not think anyone but myself utilizes this strategy because when I explain it to your typical crypto trader they get confused and invariably ask "but how Lambo?" This won't yield sick gainz brah but it will protect your capital ! To recap; a Cash and Carry trade is where one trades a futures contract against its underlying where there is a spread between the two prices. This is an arbitrage trade. Ideally the futures contract will move towards the spot price as time reaches the settlement date. In modern normie markets the spread between futures and spot are too small due to their high liquidity, margin interest requirements, and plenty of other arbitrage traders capturing the minuscule profit potential. This trade still remains though on the Bitmex platform. Bitmex has quarterly futures contracts which can be held without paying the fees of the continuous contract. These will often trade at premiums or discounts to the spot price of BTC. The spread of premium or discount will be largely dependent on market sentiment at that time. When Bitcoin is bullish traders are betting the price to be higher at settlement and the quarterly futures will trade at a premium. The inverse is true in bearish conditions. You can visualize this spread by pasting in "(XBTH20-XBTUSD)/XBTUSD*100" without " " to Tradingview symbol; you can also substitute for other contracts by changing the first symbol. So what happened in this recent selloff? The important thing here is that we are just trying to lock our BTC value at 0 delta to protect the value against such crashes. We do that by selling the futures contracts equivalent to our account value. Let's assume that when BTC was at around 10k a trader decided that it was time to lock in the USD value of their Bitcoin. Let's say they had 1 BTC in their account to keep it simple. On Februrary 9th the Daily bar closed at 10172 on XBTUSD. The March 27th quarterly futures contract (XBTH20) was trading at 10460. This meant that the quarterly futures were trading at a 2.8% premium to spot. So the trader Sells -10172 contracts of XBTH20 @ 10460. We want to set the contract size to BTC spot price rather than the futures price to mitigate risk in the event of further premium expansion. In the weeks that followed the market sells off. By March 12 the premium had inverted to a discount of -4%. We close the trade. At the end our BTC is worth over 57% less than it was at the start but we now own 2.4656 instead of 1. If we then calculate our account value in USD we have $10691. Though BTC is DOWN over half our total holdings value is UP by 5.1% ! Are we going to buy that Lambo this year with 5.1%? Probably not... but we have protected our assets and profited from this rare opportunity! A trader only ever uses 1x leverage to hold the position which means there is plenty of leverage available to trade other contracts while this one position is protecting account value. A final note about arbitrage opportunities: they always go away . As I've written before about December 2017 bubble the opportunity was around 18%! More recently when BTC dropped from 6500 the premium captured was 8%. This time it was only 5-6%. Slowly this inefficiency is indeed going away. Still, at any given time the futures contracts are trading at a premium this is a virtually riskless trade . Even if one doesn't like taking this trade just watching the spread is still a very useful analysis tool to gauge market sentiment.
XEducation
by norok
3
Is Bitcoin Bearish or Bullish, $10k or $5k? Everything ExplainedWhen charting (TA), we look at multiple timeframes and each timeframe has its own meaning and tendencies. Bitcoin (XBTUSD) can look bullish short-term, 1H timeframe while looking bearish long-term, weekly (W) timeframe, as an example. Charts are always changing... This is something to keep in mind. The 1H (short-term) chart can look bullish and strong at one point, but only a few hours later everything can change if a support level is broken. It is important to pay attention to the timeframe. Right now we are looking at Bitcoin (XBTUSD) again on the 1H timeframe and this chart is now bullish, compared to earlier to it was bearish... but why? Prices are now trading above EMA10/50/100 and MA200 before prices were trading below those levels. Trading volume is starting to increase before the trading volume was low... This is how it all works... We translate what is coming from the charts. Bitcoin right now is bullish short-term... Thanks a lot for your support. Bitcoin Higher Low, Bounce In-Play | Next Target Mapped (Trade inside) This is our full LONG Bitcoin (XBTUSD) Trade. Remember to hit LIKE to see the full trade details... Namaste.
BITMEX:BTCUSD.PEducation
by AlanSantana
23
Awesome 16% Profits with no leverage for now on my scriptHello Guys, It's my first idea being published here :) I will get better in time regarding the presentation I have been working on different strategies last year and now it's fully ready and working. You can check out more in the video. We've been able to get a 20x ROI in 2019 with a 2.5 leverage on bitmex, the script is not only doing great profits but i want to share my knowledge with you guys and let you know that the full automation process is offered for free, you can connect your bitmex account to the bot for free. It's working great and I wanted to do to help small accounts grow their position over time. Starting with a 0.1 beginning of January 2019 would give you 2 bitcoin right now. In the long run you need to find a solution that works and manage risk the right way. And that's what I am offering now here. Cheers guys Please like, follow me and share this great script
BITMEX:ETHUSD.PEducation
by RobotElvis
2