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BUYING THE DIPS Made SimpleBuying dips can be tricky, the issue is knowing if it's an actual dip or a full trend reversal. I used to think buying at a lower price to double down on an investment going the wrong way was a good idea. However, after reading a book called the Zurich Axioms by Max Gunther - the penny actually dropped. In essence, profit is profit. It does not have to be made from a stock or instrument that you are currently losing. Know when to run, when to cut losses and when to stick with it. Unfortunately by the time you understand true hedging techniques, you will be too late. Kenny Rogers said it best - "You've got to know when to hold 'em, Know when to fold 'em, Know when to walk away, And know when to run" I highly recommend both the Zurich Axioms book and a listen to Kenny Rogers - The Gambler. The logic behind buying the dips 🍒 Buying the dips refers to going long an asset or security after its price has experienced a short-term decline, in repeated fashion. 🍒 Buying the dips can be profitable in long-term uptrends, but unprofitable or tougher during secular downtrends. 🍒 Dip buying can lower one's average cost of owning a position, but the risk and reward of dip-buying should be constantly evaluated. Simple Ideas for buying dips Use an arsenal of tools to help you spot opportunities. You will see in this image RSI and MACD have different ideas - there is no wrong or right, it's up to you to work on the things that work for you. However, you don't want tools that either do more or less the same thing or conflict. So as per the first image - using a moving average for (up or downtrend) this could be a larger period such as a 200. Envelopes Utilizing envelopes of sorts will help visualize channels - this could be tools such as Bollinger Bands or Regression channels. Much like Moving averages - you won't need both and there are thousands of tools I have not used. So you need to experiment with something that you like or suits your needs and style. Like all trading strategies, buying the dips does not guarantee profits. An asset can drop for many reasons, including changes to its underlying value. Just because the price is cheaper than before doesn't necessarily mean the asset represents good value. Trend lines can be very subjective and educators and mentors teach them in a million different ways. They can be used, but again - back test and find what works for you. - you can see the difference between a simple trend line and conflict with Bollinger; this is what causes doubt. The subjective trendline says one thing and the calculated/measured tool says another. Which do you follow? The problem is that the average investor has very little ability to distinguish between a temporary drop in price and a warning signal that prices are about to go much lower. While there may be unrecognized intrinsic value, buying additional shares simply to lower an average cost of ownership may not be a good reason to increase the percentage of the investor's portfolio exposed to the price action of that one stock. (Investopedia) 🎲 If trading stocks there are other tools available that are not accessible in trading currencies or other instruments - things like EBITDA or P&L sheets to give further confirmation of continuation in the trend. ISSUES As many new traders don't yet understand the losses are part and parcel of trading, seeing your account in red plays on the human emotions (we have all been there) and this makes us do crazy things - doubling down on trades, adding more money to avoid margin calls, buying into a losing trade again and again. I wrote an idea recently on how the mindset is represented on a chart.(click for post) Simplicity You can use simple price action to spot key levels - over the years one thing I have found is levels such as Order Blocks and imbalances. Plenty of info online for this - no need to go into here, save for another post, Then when combined with regression channels you can start to paint "expected" levels of interest. Just to show an example I have added EMA, Bollinger, Hand drawn regression and an imbalance level. 🔢 Elliott Wave Theory 🔠 Another awesome tool for finding directional bias - If combined with other techniques, indicators and tools, this can be mighty powerful as a whole. A simple explanation of Elliott wave from another previous post (click for post) - In Summary - you need a belief and a reason that you assume the stock is going higher. It does not matter if it's SPX, Bitcoin or Apple. Secondary you need a directional bias confirmation such as a 200 EMA. I would say to include an envelope (channel) of some description, Something to help you confirm the trend (Elliott) for example. And then a trigger, this could be a candlestick formation, an RSI or MACD overbought/sold signal. Something that suits you and your style. I hope this helps. Be great to get other ideas, comments or strategies from others below! Have a great weekend! Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
NASDAQ:TSLAEducation
by Mayfair_Ventures
202
How to not get rekt 🤩I've seen this too many times to skip writing about it at this point. This is NOT the stock market. BTC is still extremely volatile, so play your cards safely, folks. Don't FOMO into your positions like a dummie. A good trick I've learned from the past, is to buy in with a little, just to get rid of the FOMO. Then when the market "crashes" 20% later this week, you can buy in for cheap. Bitcoin is still in a correction and I am being very careful with leverage. I don't want to get liquidated just to see BTC go to 65k in it's next move.
COINBASE:BTCUSDEducation
by kaspertrades
2
How to chart Premium/Discount to NAV for BTC Closed-end FundsThis is very different from my usual analyses, but I still hope you enjoy! This chart calculates the premium or discount you are paying/receiving when trading GBTC . If you don't understand how such a thing can happen I will explain at the end! For now I will explain how I created such a chart and how you can do it yourself! This can be applied to other bitcoin Trust/Fund. _________________________________________________________________________________________________________________________________________________________________ How it's done The goal is to get the premium or discount (P/D), For this example we will look at GBTC : 1. To do that we need to divide the price per share by what the share is really worth (in our case the value in bitcoin of the share). This will give us the ratio of the price vs its value. Price per share / Net asset value per share 2. We get the value per share by multiplying how many BTC we get per share by the Bitcoin price. Net asset value per share = BTCUSD*0.00094680 <---- This value can be found on the Fund website 3. We substract 1 out of the ratio to get the value of the (P/D). (P/D) = (Price per share / Net asset value per share)-1 4. To chart this we go to enter a symbol and enter : GBTC /(BTCUSD*0.00094680)-1 Like I said this can be applied to other BTC fund. Say you want it for QBTC: QBTC.U/(BTCUSD*0.00112383)-1 Extra Notes: -BTC per share values change so verify before using mine you could be mislead -I suggest using a line chart, but you can experiment! ________________________________________________________________________________________________________________________________________________________________ How to interpret 1. If the value on the chart >0 the fund is trading at a premium and for values <0 it's trading at a discount. 2. Value are in decimal so if you see a value of -0. 05 the fund is trading at a discount of 5% 3. Values will tend to normalize around the annual fee for the fund(ex: GBTC -> -0.02). 4. After market values will be based on the closing price of the fund, but will continue to fluctuate since Bitcoin is 24H. Wait for the market to be open to get real time premium/discount _______________________________________________________________________________________________________________________________________________________________ How does this happen? Often when we see a premium or discount we can generally blame it on 3 key factors: Supply and demand , Management team and expectation. While pretty self explanatory if you want to more info I suggest you check out this Investopedia page: www.investopedia.com I hope this helped you and your trading. Thank you for reading!
GEducation
by Mr_Rolie
5
Education - How does a bubble develop and what are the signs?Preface: This learning content or information is merely my experience, or are those techniques that I use or find useful. The beauty of technical analysis is that an analysis or forecast can be made using many different approaches. These differ in effort, approach, tools and technical approaches. However, I think one thing is important: Keep the chart as simple as possible, try to see what is obvious and work with as few tools as possible but as many as necessary. If you base your analysis on what seems obvious, it is likely that many other traders will also see it. This in turn would support a movement in the predicted direction. = Self-fulfilling prophecy -> Examples: Moving averages, Fibonacci retracements, Simple formations etc.... ________________________________________________________________________________ Remark: This is supposed to be a small help to identify signs of a bubble formation, I must absolutely note that a lot of experience and knowledge is necessary here, which I can not convey in a hurry, as this would definitely go beyond the scope. Just try to analyze the BTC rise of 2017 with the help of these signs, or even the current rise. What is a bubble ? A bubble is usually easy to recognize in retrospect, a lot of green long candles, few red candles, until usually a high point. Then lots of big and long red candles and few green :) But how do I recognize a bubble while it is forming? Important: Please read through the wave age tutorial I wrote beforehand, this understanding is needed to continue here. If a trend does not consolidate sufficiently, but on the contrary shows shorter and shorter consolidations, rises faster and faster and ideally is still fueled by media interest, then these are the first signs of a bubble. (See bar in the chart) Within a trend, the price must consolidate sufficiently after a rise (to go into this in more detail would go beyond the scope). If now the trend in the period under review over the zenith, so after eg 6 waves, a new high and then further waves, with steeper and steeper price increases, so a bubble is to be assumed. The price MUST consolidate sufficiently to be sustainable. In the weekly, we can see that the price is moving further and further away from the standard SMAs (20,50,200) until it reaches an unnatural distance, which also indicates that the market may be in a bubble. As soon as such signs appear, it is important to set very tight stops, as it can come to an abrupt end. Summary: -Ever steeper rises -Ever shorter consolidations -Distance to SMAs is becoming uncharacteristic of the market Bonus: Media coverage of the asset Annotation: Since the weekly chart is shown here, it is not possible to see how the price reversal occurred. A SKS formed in the H4 , this was the beginning of the end of the steep rise. Also today, we have the same signs as 2017, to note was the very strong and violent reaction , this does not mean that the course will now immediately sink it can go before still on 60.000 , 70.000 or even more high, from my point of view, the current consolidations were not sufficient, I have this in mind when placing a stop __________________________________________________________________________________________________________________________ If I like this kind of tutorial, so leave me a like there and follow me. If there is enough interest I will post more tutorials like this in the future Best regards and good luck DCT Trading
COINBASE:BTCUSDEducation
by SystemTrader-SNP
3
Education - What are divergences and how do I use them? What are divergences and how do I use them in trading? A divergence usually shows the trader that the price is moving in the opposite direction to the indicator (or vice versa). To find a possible divergence in the price you can use various indicators (MACD, Stochastic, Momentum, etc.) I will limit myself to the Momentum indicator, because I use it myself in my trading. What does a divergence say? As already mentioned, the indicator shows me a contrary movement to the price, related to the momentum indicator this means for example: The price rises and forms a new high, but the momentum indicator forms a lower high in the indicator itself compared to the previous PRICE HIGH How do I use a divergence? A divergence can be used in many ways if you know what to do with the information gained. In my opinion, this also depends on the chosen indicator, at least in terms of the information value I get from the divergence. If one is able to identify a divergence correctly, one receives a kind of "warning", in my opinion a divergence by itself does not represent an action signal, but it warns me that in the case of the momentum indicator it comes to a trend slowdown although the price continues to rise. What is to be paid attention to here? -> As mentioned, a divergence by itself is in my opinion NOT a TREND SIGNAL, but a warning or information around which I can now supplement or adjust my trading. -> Very important, there are two ways that one "bends" the divergence to right once the setting of the indicator is crucial, since each trader uses other settings, it is important not to change these in search of a divergence so that one is formed. ->Furthermore, it is important to consider the time unit under consideration, a divergence occurring in H1 is much less meaningful than one in D1. Summary: Divergences are a possibility to add important information to one's trading at an early stage in order to forecast possible price changes that have not yet occurred. They do not represent action signals on their own.
BEducation
by SystemTrader-SNP
Gartley Pattern Cheat SheetHello, guys! Here is a cheat sheet for the very reliable pattern - Gartley. If you are able to find it on a chart the successful trade can be executed. The most important thing for gartley is the proportions which should be approximately like on the chart. There are four most popular Gartley's types: -Crab -Butterfly -Bat -Classical Please, write in comments how are your trades with this pattern, it's very interesting to know! DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions.
UEducation
by Skyrexio
9
Simple Swing Trading Strategy - Easy Money!This strategy would have yielded over 2,322% since November 2015 with only 7 trades! This is a very simple swing trading strategy great for somebody who is just starting out in the market. It lets you get in and start trading without complicating things. Trading with the trend is where the easy money is. Get into a position and then sit and ride the wave. Rules: -Daily Chart -Use multiple EMAs - 20, 40, 55, 81, 200 -Go long when EMAs crossover and are in the order (from top down) 20, 40, 55, 81, 200 -Go short when EMAs crossover and are in the order (from top down) 200, 81, 55, 40, 20 That's it, couldn't be simpler. Feel free to play around with EMAs and timeframes but this strategy works as is! Happy trading.
BITSTAMP:BTCUSDEducation
by ForgeTrades
4
The (COT) - COMMITMENT OF TRADERS Mystery RevealedThis is NOT an in-depth explanation or a way to trade, this is just highlighting some basics from a question I get a lot, you might see some traders talking about COT data. You may even see it in some posts. There's no magic to it, all you need to know is what exactly it is. Of course, if you can use it within your edge to understand some bias by the bigger operators. What is COT Data? The Commodity Futures Trading Commission (Commission or CFTC) publishes the Commitments of Traders (COT) reports to help the public understand market dynamics. Specifically, the COT reports provide a breakdown of each Tuesday’s open interest for futures and options on futures markets in which 20 or more traders hold positions equal to or above the reporting levels established by the CFTC. The COT reports are based on position data supplied by reporting firms (FCMs, clearing members, foreign brokers and exchanges). While the position data is supplied by reporting firms, the actual trader category or classification is based on the predominant business purpose self-reported by traders on the CFTC Form 401 and is subject to review by CFTC staff for reasonableness.2 CFTC staff does not know specific reasons for traders’ positions and hence this information does not factor in determining trader classifications. In practice, this means, for example, that the position data for a trader classified in the “producer/merchant/processor/user” category for a particular commodity will include all of its positions in that commodity, regardless of whether the position is for hedging or speculation. Note that traders are able to report business purpose by commodity and, therefore, can have different classifications in the COT reports for different commodities. For one of the reports, Traders in Financial Futures, traders are classified in the same category for all commodities. You can read more info and get the actual data from the CFTC site itself. www.cftc.gov Methodology The weekly report details trader positions in most of the futures contract markets in the United States. Data for the report is required by the CFTC from traders in markets that have 20 or more traders holding positions large enough to meet the reporting level established by the CFTC for each of those markets.1 These data are gathered from schedules electronically submitted each week to the CFTC by market participants listing their position in any market for which they meet the reporting criteria. The report provides a breakdown of aggregate positions held by three different types of traders: “commercial traders,” “non-commercial traders” and “nonreportable.” “Commercial traders” are sometimes called “hedgers”, “non-commercial traders” are sometimes known as “large speculators,” and the “nonreportable” group is sometimes called “small speculators.” As one would expect, the largest positions are held by commercial traders that actually provide a commodity or instrument to the market or have bought a contract to take delivery of it. Thus, as a general rule, more than half the open interest in most of these markets is held by commercial traders. There is also participation in these markets by speculators that are not able to deliver on the contract or that have no need for the underlying commodity or instrument. They are buying or selling only to speculate that they will exit their position at a profit, and plan to close their long or short position before the contract becomes due. In most of these markets the majority of the open interest in these "speculator" positions are held by traders whose positions are large enough to meet reporting requirements. *** Reference from Wikipedia*** When combining with other analysis - you can use it to obtain bias or simple confluence with your existing ideas. For example, here's the chart plotted on a weekly timeframe using Elliott wave theory - Plotted usign another piece of software called "Advanced Get" If you combine this with the data from the CFTC website - you will see that the professional operators have been reducing long positions and gaining albeit staggered short positions on the move down. This showing the overall trend move - If you drill down further and look at the difference in short positions between the 19th of Jan and the following week (26th) on a daily chart you will see a rally. (go check it for yourself) A useful tool As I said at the start of the post, it's not the master strategy. It's simply another tool - I just wanted to share some info with the community on what it is and how it can be used. If used correctly - it can prove useful. Have a great week, feel free to pop questions below. Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
Education
by Mayfair_Ventures
9
Important for any new futures traders!Going to keep this simple here. The price of bitcoin has sky rocketed these past few months. During the spring & summer time a few hundred dollar move in price would be crucial! Now the price of BTC is lingering around 50,000. Those small movements that where only a few hundred dollars are now thousands. 👉 My point here is that anyone using anything above 5x Leverage is critically risking there portfolio. 💀These shake outs & wicks are future traders death call. 📈 Lets took a look just recently when BTC had closed above its critical resistance level at around 49,400. Many individuals had purchased or over leveraged thinking price will move up after confirmation. (Bull trap) On average the price shifted down about 3%. Anyone more then 20x leverage would have for sure gotten a margin call or suffered liquidation. 👇👇👇 My point is price is too high for individuals to think that over leveraging will yield them higher returns. Trade futures with risk management and the correct way. The reasons exchanges offer up to 100x leverage is so they can make money.
BITSTAMP:BTCUSDEducation
by BigLava
8
CRYPTO TRADING TIPSI made this post so that myself, along with other traders trying to step into the Crypto world can have a better idea and some insight to what lies ahead. If you can drop some your thoughts on tokens, the Alt coins and also a few sites like Defi, Coin Gecko and 1inch, it would be appreciated. Trading the lesser known coins obviously are obviously high risk, but they also present opportunity for high reward. More importantly, outside of the crazy news events that spike crypto sometimes, how does technical analysis stand over time vs fundamentals. Herd mentality, the big discords...I want to know it all.. I'm open to any other things worth knowing! Thank you!
KRAKEN:ADAUSDEducation
by N0ST0PL0SS
6
Chart Patterns Cheat SheetHello, traders! Here is a cheat sheet which help you to identify the most frequent and reliable chart paterns. I should tell you that the patterns from the group "indefinite" are classified as bullish or bearish in classical literature, but in practice we should be careful using it in trading decisions. BULLISH PATTERNS Inverted Head & Shoulders , Double and Triple bottom are the most simple, frequent and reliable bullish pattern. Let's talk about bullish flag . It usually occur on the uptrend. The volume is high at the beginning of the flag and decrease to the end until the massive breakout to the upside with high volume. The cup & handle is rare pattern and usually play out at the bigger timeframes. INDEFINITE PATTERNS The different types of triangles and wedges are very popular patterns and can be seen at the different timeframes. In classical books about TA rising wedge and descending triangle are bearish patterns, falling wedge and ascending triangle are bullish. But in practice it is very important to observe the side of it's breakout, as a result they can be bullish or bearish like the symmetric triangle . We should wait for the proper breakout confirmation to make a correct trading decision. BEARISH PATTERNS This patterns are the opposite to the bullish pattern, but work at the same way. If you want to learn more about some pattern please give us to know it in comments. DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions.
Education
by Skyrexio
16
The Secret of Successful FEAR INDICATORSThe truth is - Indicators are only what you make them. 9 out of 10 indicators lag. The rest are used by so many people that it creates a type of unconscious bias. And above all else can clog up your chart as above! That's not to say indicators are pointless - far from it, it's more about creating a bias and using indicators or chart patterns as a confirmation instead of guidence in and out of trades. Especially in the COVID era, the markets are not behaving in any form of regular form. In the last 12 months, we have had the virus to deal with, we have had one of the craziest transitions of Presidents, In the UK - Well, Brexit. It doesn't get much crazier than this. Unconscious biases , also known as implicit biases, are the underlying attitudes and stereotypes that people unconsciously attribute to another person or group of people that affect how they understand and engage with a person or group. in trading terms, this is how indicators and groups of people that use specific indicators. Unfortunately, there is no silver bullet when it comes to strategies and indicators. You will find tools that work in some market conditions, and not so well in other circumstances. A lot of information you can get from an indicator is actually in the chart. *as a pure example you can spot things like Imbalances from candles prior to current price action. as per the example. As an institutional investor, it's easy to understand the fear and the bias of retail traders. You only need to look at sentiment from companies like Oanda and IG index - you often find as trends rally 60% of retail positions are Bearish. The reason for this is 75% of retail trading is based on indicators and strategies like breakouts, trend line touches, and moving average crossovers. Measured using Fibonacci levels. Which then makes it easy for the experienced operators to see order blocks and go hunting for stop losses. If you look at simple indicators like RSI - A lot of what it shows can be visualised in the chart itself. Now I don't want to be fully negative to indicators - it's just understanding their value and not fearing the herd. It's not only indicators - patterns can either be complex and you need a mathimatical degree to pin them down to perfection (joke) and they can sometimes be somewhat subjective. Starting points, anchors, measurements etc. Fibonacci - an amazing tool with countless indicators using it in some way shape or form. But a lot of what makes it so accurate is the psychology underpinning the market moves. When you add fibs to charts, or measure using other tools and patterns or indicators - they create the levels based on entries and exits of many people at the same levels. I posted an idea recently on the market mindset (click image for full link)- The idea is that emotions can control the ups and downs of moves based on perfect entries, terrible entries, ideal exits are simple trades you wished you never took, ones that now look obvious looking back. So in short - tools cab be useful. But you should not need to be dependant on them. Especially with market conditions the way they are currently. To summarise - Once you have your bias you shouldn't rely on indicators nor the group chat to execute your trade plan. Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
COINBASE:BTCUSDEducation
by Mayfair_Ventures
6
Stoploss EducationOne of strong topics i want to write about it for long time ago TYPES OF STOPLOSS 🛑 : MANUAL AND AUTOMATIC FIRST / Manual Stoploss : Trader wait for the candels to close below support for exit not just hit it ! Example for manual stoploss : Most common using 15min - 1H - 4H - 1D - 1W candels closing below support area ..it can also used in alot of timeframes Advantages Of Manual Stoploss : – The best for investors and long term traders – Best in spot and small leverage trading – Coins didnt moved yet and still in accumulation phase –Avoid manipulation by market makers ...alot of times market makers will try to hit stoploss by wick or flash drop then price get recover fast after,, This move is very common in certain areas and push the weak hands outside of market by loss SECOND / Automatic Stoploss : Trader set Automatic stoploss in exchanges Advantages Of Automatic Stoploss : – Good for short term traders (fast food) – Best in high leverage trading – Coin pumped high in short time you follow your position by keep moving your stoploss continously –good in high volatile coins (example in these days : doge - xrp 😁) For myself most of times i use the first one manual stoploss What about you ...what do you prefer ?
BITSTAMP:BTCUSDEducation
by Babenski
40
How to Become Trading Hamster!Let's consider the typical hamster's behaviour with the example on a chart. Usually hamsters want to obtain a big profit quickly. They heard about huge opportunities which crypto markets can give and looking for the big pumps. (1) When the price starts to grow rapidly hamsters usually wait for the confirmation that the pump is real. On this phase hamsters are not believe that the price growth will continue. (2) The price pump continue and the hamsters execute long position because they afraid to miss the opportunity. (3) When the price start to go down hamsters panic and exit their long positions. This is the first point when their lose money. (4) If the price growth continue hamsters think that they made a mistake of early exit and re-enter long position. (5) But the next candle shows the price drop again, hamsters are nervous but decided to wait the growth. (6) After the dump the price moves up again and hamsters are happy that they did not close the position. (7)The price drop again more dramatically. Hamsters close position because of the fear to lose more money. To sum up, hamsters are driven by emotions, greed and fear. I have already told that to follow the trading strategy is the main way to suppress negative emotions. DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions.
Education
by Skyrexio
4
Bitcoin Psycology Cheat Sheet "Popped The Bubble"Traders should print this cheat sheet out and keep it by their desks! You can save this cheat sheet using Like and Bookmark features! Reason why I wrote this post, is tremendous amounts of Bullish signals in @TradingView community, just take a look at front page and first pages of Ideas tab. IMHO this is signal of "Back to Normal" phase and we are appoaching big crash event during 2021/22. Stay safe and be humble! Best regards Artem Shevelev
Education
by ArtemFuturesTrading
75
How much volatility is too much ..?No one likes dead markets, they are boring and no one can make money..! On the other hand, Volatility is the double edged sword in the market, the best time to make money and lose it at the same time..! January 2021 with 19 trading days was one of the most volatile markets I’ve ever seen. Craziest things happened in GameStop, is only comparable with Bitcoin performance on 25 November 2011 when Bitcoin opened at 2.50 soared to 15 and closed at 2.75 finally which was 1000% roller coaster..! My point is, this is not the first time and wouldn’t be the last time something like this happen. Read the history of Tulips bubble 400 years ago, when there was no social media and online trading. There are lots of gamblers and people who trade stocks and many other asset class like lottery tickets, and everyone knows it won’t have many winners..! To wrapping it up, It is a good time to learn an important lesson for all traders, to learn more about the nature of this kind of moves and use it in our advantage! Like professional surfers who are chasing Mavericks to enjoy an exceptional experience..! Yet, every surfer should be aware this could cost them their lives!!!
NYSE:GMEEducation
by Moshkelgosha
13
Elliot Waves Complete Guide | Chapter 3.3 - "Running, Contract"Hello Traders. Welcome to Chapter 3.3, where we talk further about a different form of corrective waves, the Flat and Expanded correction. In chapter 3.3 I discuss the last of the types of flat corrections! Here, we will also dissect the contracting triangle, also known as the symmetrical triangle by many traders. Chapter 3 Glossary: 3.1 Zig-Zag Waves 3.2 Flat Correction , Expanded Flat 3.3 Running Flat, Contracting Triangle 3.4 Barrier Triangle, Expanded Triangle 3.5 Double-Three 3.6 Triple-Three ----- Running Flat The is the last type flat correction: the running flat variation. It is the least common one, but has the same 3-3-5 structure. This one is hard to spot because a rising wedge is usually considered bearish for many and the last wave is where you will find the confirmation. For these, you want to trade the breakout. Rules: • Wave B ends above the beginning of wave A • Wave C ends higher than the end of wave A • Usually wave C is the same length as wave A. → This kind of correction happen in really strong and fast markets, especially Bitcoin. The fast and high push of wave B and the short wave C are signs of a strong primary trend. A parallel channel regularly marks the low of wave C, marked by the yellow lines! Contracting Triangle Triangles represent a balance and even pressure of buyers and sellers within the market. They contain five overlapping waves with a 3-3-3-3-3 structure. The contracting triangle represents the most frequently appearing. Rules: • Triangles have 5 Waves: A-B-C-D-E • All of the waves are corrective • Upper line is declining, lower line is rising • Wave E frequently overshoots the trendline and can also be a triangle • Triangles only occur as a Wave 4/B/X/Y • Never as a Wave 2/A ❗Triangles represent a continuation pattern for the dominant trend. Remember, continuation patterns are the main trend!
BITSTAMP:BTCUSDEducation
by XForceGlobal
31
Don’t try to catch the falling knifeToday’s sell-off across most crypto assets has caused some concerns about the continuation of the altseason. We’ve decided to check what Hybrid Intelligence thinks by posting the usual question about BTC dominance: “Bitcoin crypto market share settled at 63.85% at 12:00 PM UTC on Wednesday, January 27. Will Bitcoin's market share climb above 65.13% (+2%) earlier than drop below 62.57% (-2%)? (forecast 51-100% - bull scenario. 0-49% - bear scenario)” ------------------------------------- Assurance: 42% This is a rather uncertain indicator. After falling for 3 weeks, BTC dominance found support around 62.5%. The Hybrid Intelligence view is slightly more pro-Bitcoin than last week (it was 31%, i.e. in favour of altcoins), but it’s not a decisive signal. To check how the overall market will perform, we’ve asked the following question: “The cryptocurrency Market Capitalization settled at 895.15B USD at 12:00 PM UTC on Wednesday, January 27. Will the Market cap climb above 962.3B USD (+7.5%) earlier than drop below 828B USD (-7.5%)? (forecast 51-100% - bull scenario. 0-49% - bear scenario)” ------------------------------------- Assurance: 24% This is a bearish signal from Hybrid Intelligence. Yet by the time the indicator was ready, the market cap already declined significantly — and then rebounded. It’s best not to try catching the falling knives. Even after a sharp drop, prices might go down further so it’s probably safer to wait for confirmations that the local bottom was reached.
CRYPTOCAP:BTC.DEducation
by Cindicator
2