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THE HOOK TRADE ... OUTPLAYING A BULL TRAPThis is my favorite trade. It is simple, logic, sure and damn effective. For this trade you have to identify 2 things. A trend and a price equilibrium. In this example we have three clear bullish impulse and 2 corrections. After the top at 10480 there was a decreasing selling pressure over the following three candles (smaller candle bodies). The firth candle was positive and with same size as the third suggesting the formation of a price equilibrium over 4 days and a possible new higher low. The fifth candle confirmed that the trend was resumed and the buying pressure overcame the selling pressure. As the price action resumed the trend and equilibrium was broken on the upper side, a break of the price under the equilibrium is a strongest predictor of trend inversion and short a position can be safely opened. Target is a full retracement equivalent to the price retracement from the top to the equilibrium. Top to equilibrium = equilibrium to target BIO
COINBASE:BTCUSDEducation
by FerdiHodler
Bitcoin Retraces But What About The Altcoins?We know many of you are really interested in the smaller altcoins... The altcoins market continues to grow stronger and in bullish potential, here is what will happen next. Now, before we get started, it is always necessary to make this small but very important distinction when we talk about Altcoins. Conventional analysts here talk about Bitcoin and Altcoins. When they say Altcoins they are mainly referring to the big ones, the TOP10: ETH, ADA, LTC, TRX, BCH, EOS, XRP, USDT, BNB, and XLM... (Not necessary the TOP10 but those with the biggest market cap.) When we/I/us mention Altcoins, we are always exclusively talking about ALL ALTCOINS minus the TOP10. When it comes to market capitalization and the bullishness of the market, we have to separate these bigger altcoins from the smaller ones for two reasons: 1) These bigger altcoins move together with Bitcoin (Bitcoin is now dropping strong, these as well). Normally, we tend to see altcoins detach (move inverse) to Bitcoin in a bullish cycle... Right now, you can see the Binance and Bittrex altcoins growing, as well as those on other exchanges. 2) They do not behave as the smaller alts. So we can see the altcoins chart (TOTAL2) full bearish and going lower while "the Altcoins Market continues to Grow" . Even with that said, they are still producing higher highs and higher lows, meaning that the entire market is now in full bullish mode. What Happens To The Altcoins? As I've said many times before, this is only the beginning. Feel free to buy up on your favorite pairs. Feel free to take your time to research, make your choice, buy and hold. The cryptocurrency markets are very likely to grow for years to come. This is Alan Masters... Thanks a lot for your support. Namaste.
BEducation
by MasterAnanda
48
How to see where Bitcoin is heading and when to trade long/shortUsing a weekly log chart showing Bitcoin from when it was only 1 cent up to today's prices of around 9k. In regards to anything mentioned below wait for BTC to close twice above or below any level mentioned for full confirmation. Indicated is each halving of BTC on the chart with the vertical red lines (close enough to date as can't do exact when using weekly chart). The upcoming halving date is estimated. In regards to the date ranges showing bars/days in light purple, you can see with the halving in 2016 that the bull rally afterwards took longer than the previous time. The date ranges in dark purple showing bars/days is from one halving to the next halving which also took a longer time than previously. The price ranges in yellow/orange show the price rise from one halving to the next. The Gaussian Channel shows that when it turns green after being red, the price continues to rise until the next all time high. The yellow rectangle box indicates where the EMA 10 has gone under the MA 21 on the weekly chart. With the 10 under the 21 and BTC trading under the 21 at the same time BTC is in a new bear cycle. You can see there is 1 bear cycle each halving except for this current yellow box BTC is in now, indicated where the ? is on the chart. BTC has not had 1 false breakout this halving, so this yellow box BTC is in currently could be a false breakout. The flags show where there was a false breakout of the crossing of the 10 over/under 21. When the EMA 10 is above the MA 21 and BTC doesn't trade under the MA 21 on weekly chart, BTC is in a bull cycle and prices continue to rise until the next all time high. Hopefully you can see where BTC will go each week using these indications and trade accordingly. Happy trading legends! HTBB
BNC:BLXEducation
by Pro_Trader_HTBB
3
Double ZigZag Elliott Wave 4hrDouble three is a sideways combination of two corrective patterns including zigzag, flat, and triangle. When two of these corrective patterns are combined together, we get a double three Guidelines • A combination of two corrective structures labelled as WXY • Wave W and wave Y subdivision can be zigzag, flat, double three of smaller degree, or triple three of smaller degree • Wave X can be any corrective structure • WXY is a 7 swing structure
BITMEX:XBTEducation
by KidCrypto514
Bitcoin head and shoulders and how to trade themwanted to post this because I see so many people commenting on and trading these patterns "incorrectly." I put incorrectly in quotes bc I acknowledge that it's subjective. This is ideal from a risk/reward standpoint. Whether one is right or wrong really doesn't mean that much in trading if you make a lot more money when you are right than when you are wrong (or vice versa). The most important thing is risk/capital management and what chart patterns are good for is identifying levels of maximum profitability. I was influenced to make this post from a recent comment of Peter Brandt on twitter which seemed to confuse people but he is absolutely correct. His comment was "I have made my living since 1975 trading futures markets using charts My conclusion on chart trading: 1. Charts do NOT predict prices 2. Most chart patterns fail 3. Charts simply tell us where a market has been 4. The only value in charts is for trade/risk management"
COINBASE:BTCUSDEducation
by jthrasher
Psychology in trading. Manipulation of consciousness Bitcoin 666Bitcoin's main trend is upward. Which formed the ascending channel . Always trade with the trend. Decide in which trend you are trading and on which timeframe. Decide on strategy and risk management. Your first enemy is a lack of experience and knowledge. Your second enemy is greed and a sense of lost profits. You always have time to make money, the market will not run away from you, but money in the absence of experience and knowledge will run away. On a bull trend it is better to always work on the bull side; on a bearish trend , on a bearish side. Always follow the trend! Going against the trend is the same thing that falls under the locomotive and hoping that it will not overeat you, but will bounce off of you! There should be a strategy and plan. At the same time, your strategy and plan should be plastic from market situations. You need to not only know the rules of technical analysis , but also understand what and how and why it works. Knowledge of technical analysis and the psychology of the crowd will make you in trading - God. If you are like everyone else, then the result will be like everyone else. Those people who rely on quick profits without effort and time are doomed to give their modest deposit more smart and hardworking. For the minority to earn money, the majority need to lose money in the market. The more the majority plays according to the rules imposed by the minority, the more money is lost. Consequently, a minority earns. To earn, you need someone to lose! When a minority needs it, the rules of technical analysis stop working. The faith of the majority imposed by the minority destroys the mountains and minor minority deposits. In the game against the crowd, only time decides the question of when the average zeroing of the deposit in the average person will occur. Those traders who are sure that success depends on only one successful purchase, retention of the asset for a short time, and then sales are many times more expensive - are doomed to zero the deposit. This is what the majority think, which means that this is an erroneous opinion. Thanks to this majority faith, the minority earns. Trading is not only work - it is creativity and relaxation! Remember, trading is a game of probabilities . Who trades from the situation created in the market - earns. Who trades on the basis of what he wants - receives a loss. The crowd trades out of their desires, not market probabilities. The crowd always loses. Thanks to the thinking and desires of the crowd, we earn. There are no accidents, there are random patterns that must be understood and used. Coincidences are planned actions disguised as randomness. 369-27-669-27 3075-1170-1666-444-27-01-20 310-130-23-13-06-02-2020-13 371-27-671-27 Money is not the meaning of life, but a tool for life!!! Appreciate the time of your life in this world - this is really a limited resource . Time will pass, life will go. Have you been born in this world for a cut paper of money that you will never have in your desired quantity? Think it over. Also think about patterns. Why is it that everyone who wants to have a lot of money remains very poor. And the opposite is true - who does not pursue the amount of money, but does good deeds, receives fantastic amounts in a short time that the “supplicant” and “wait for money” will never receive for all their wretched existence. How to give such is not safe. The crowd with their desires is crazy and selfish. To give to such is tantamount to destroying them. The world is honest. Who creates - he receives. Most want to receive - but do not give anything in return. This is the secret of poverty. Understand the world, understand yourself - life will become meaningful, understandable and easy.
BNC:BLXEducation
by SpartaBTC
5
(Educational) Trade Management Life Cycle using ETHUSD In this video I cover some of the techniques I use for trade management. I rarely post about how I specifically manage trades. Enjoy! *Side notes* -2% of 10,000 is $200. I said $2,000 but then corrected myself :) -I stated I have probably haven't lost more than 5 consecutive trades. Honestly, I probably have but it has been a while. Due to my defensive trading nature it's more likely I would take a string of losses and break-evens, but rarely a large string of straight losses.
BINANCE:ETHUSDEducation
by krugman87
Price movement Vs RSIOkay so I have not paid too much attention to this in the past but just how fast does the RSI reset itself after a run into overbought territory? Well here is a good example of a comparison that can help us understand that the RSI does not necessarily have to drop with the candles and vice versa. The RSI went down a lot during a pretty flat area in price movement. So consolidation can also cause the RSI to go down over a period of time. The RSI drops much faster when the price drops but it isnt exclusively the only way that the RSI will drop. Consolidation can also cause this as well. Case in point is the chart with this analysis. I drew 2 rectangles. They cover the same span of time yet the RSI dropped a considerable amount while the candles remained inside of a tight consolidation pattern for the most part. I am still learning things as I go and I thought this would be a good piece of info to share with you all. I have long suspected this to be the case (consolidation can also cause the RSI to drop) I dont put too much weight on any single indicator alone but I do like to understand each and every indicator I use well. When the RSI gets high its considered "overbought" which is technically bearish. But I have seen the candles completely disregard the RSI and keep flying. Call it fomo or whatever you want but it happens. 2017 is a great example. Like I said I dont put all my eggs in one basket and the RSI is simply a single indicator I use that I combine with a few others to get an idea of the market direction. I do appreciate the RSI but I would never depend on any single indicator alone. But then again WTFDIK
Education
by UnknownUnicorn4304403
7