Algotrading
Algo turning point! Crypto Altcoins
#CryptoWhale100Billion Alt Coin Analysis: Algo
My Analysis shows that Algo has been holding at the .24 cent market for a few days now, filling up bear pockets. Algo has been falling for quite some time from an all-time high at $2.79 and crashed to .24 cents. A lot of sell-off, but this coin has the potential of stake rewards of Algo 5.75%+ interest which will give you more reward of Algo over the longer time of holding it. I can see it moving back to .285 cents and .33 cents.
Indicators show strong resistance using common pass strategies indicators to see cryptocurrency patterns. Rsi giving an Upper trend, Macd crossing over to the higher side of the trend. Candlesticks holding the resistance for over a week.
I am more bullish on Algo to .284-.33 cents.
For bearish to .19 cent.
Shoot me a message with your Technical Analysis to see your thoughts and trading strategies.
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Below are some Previous chart links I've written for Reference.
WATCH OUT❗ BearRally Correcting Overleveraged MarketsHi Traders, Investors and Speculators of the Chart📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩(will be moving to corporate some time in Jan 2023)🏫
Bearish market rallies are meant to look like bottoms - shaking many holders out of their positions. This is because Stop Hunting Algorithms flourish here, hunting out your stop losses with wicks and volatility. In this short analysis, I explore the Total Cryptocurrency Market Cap in depth, using Technical Indicators such as the Bollinger Bands, Volume and Phoenix Ascending.
A formidable resistance zone is currently at 1T for the TOTAL chart, and I would only consider a reversal if we can CLOSE a WEEKLY candle ABOVE 1.1T ⬆ In other words, remember to take profits during a time of upward price action.
IMPORTANT XRP and XLM update coming tomorrow, stay tuned and follow 👀
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CryptoCheck
Do you know what it takes to be an Algo Trader?To be an algo trader, you typically need to have a strong background in computer science and programming, as well as a good understanding of financial markets and trading strategies.
Here are some of the important elements you need to be a top Alog Trader:
Experience with database management and data analysis
Knowledge of statistical analysis and machine learning techniques
Understanding of financial markets and trading strategies
Strong analytical and problem-solving skills
Attention to detail and ability to work under pressure
Overall, to be algo trader requires a combination of technical expertise, financial knowledge, and strong analytical and problem-solving skills.
It can be as simple as having an easy and proven mechanical strategy that you can demo, back test, forward test, analyse, monitor and evaluate your results.
This way, you'll have a decent idea on what your system and strategy potentially could yield in the near future.
Trade well, live free.
MATI Trader
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Buy yourself some ALGO for ChristmasAlgorand is one of the most sustainable blockchains.
Algorand was always my favorite blockchain. And it will always be my favorite coin to invest in.
Technical Analysis speaking, ALGO is trading at the bottom, it could go lower, but this is still a very good entry. And also, there are reversal signs with ALGOUSD when you look at the 1H chart.
Long term plan is to buy a small among of ALGO here and then buy some more at $0.1 (if we ever get there). And the short-term plan is to go LONG here with a tight stop-loss.
Long Scalping Setup:
Entry: 0.17x
Sl: 0.16
Tp: 0.19
ETH legend short x15-x25 to 888$Market algorithums need to confirm this:
- 1-2-3 Liquidity take out
- need to have a buysideyside 4h fvg
- return after 1-2-3 Liquidity take out to the 4h fvg
- create a fake valid 15m structure to the upside (trap for retail trader, they will think Ethereum will continue rising to the upside)
- set a sell stop at the low of the structure, to sell Ethereum, we should see a BIG DUMP to the downside
after this algorithmic confirmations, Ethereum will probably (100% probability) dump to at least 888$,
this algorithmic type of setup is created to take all of the retail trades money at this buy time and at previous buys to take all of
Liquidity in the last six months.
Goats make money
Sheeps lose money
BTC Bull Run 1.11-4.1% 12 16 2022If you love the spot-on analysis done so far, please boost, share, comment, and follow for more.
This strategy is also used Live by Green Lion Capital Social Trading on Zignaly.
This drop was predicted in the previous analysis. BTC became oversold at around $16,580. The entry zone is marked on the chart. Also, the candle confirmation was observed on the 3 min and 5 min charts. Below is an outline of potential TP points. This might also mark the beginning of a sideways movement before the market decide if it's going to attempt to try the $18k level again. At the moment, I'm totally bearish.
*** Disclaimer: a second non-public chart layout was used to officially confirm this oversold point.
Safe points to take profit:
T1: 1.11%
T1: 2.23%
T1: 4.1%
Baseline Information:
The strategy used for this analysis takes into account the following factors:
Timeframe: 3min and 5 min
Symbols: BTCUSDT , ETHUSDT , BTCDOWN, and ETHDOWN
Exchange: Binance
Indicators: For obvious reasons, precise indicators names can not be provided, but this analysis makes use of VWAP , moving averages, and Fib charts.
Chart Count: 8
Disclaimer:
The information and publications are not meant to be or constitute financial, investment, trading, or other advice or recommendations.
Hedge 5min BTCUSDT Strategy - Day 17This is for my own journaling purposes. If you want to learn more about this strategy or contribute to it, d.m. me or comment below.
Live testing a hedging 5min BYBIT:BTCUSDT.P strategy based on a model I've been developing.
- Model still needs a few more months of data and potentially some parameters adjusted.
- I will be sharing (daily if possible) new positions opened and closed (see horizontal rays), and info on the chart (ROI, P&L and Drawdown etc). Note: some positions are opened and closed within a day so they might not be captured in my daily snapshot (it will be reflected in the stats though). Will try to find a clean way to show them in the chart.
- Position margin is equivalent to 1/20 of the equity, at 10x leverage.
Went live on 26/11/2022.
Started journaling on 12/12/2022.
Probability for 05/12/22 I think the overall price will target Buyside Liquidity and then drop down to Sellside Liquidity but also I strongly belive that price will try to reach an Imbalance (4h TF)which is below Sellside liquidity.
During London Kill Zone I'll keep my eyes on setup to go Long and once price action reach Buyside Liquidity I'll be looking to go Short and exit at second Sellside LIquidity.
Please share your thoughts.
ALGO LONG 🙌Hello TradingView community 🚀 and my followers, please if you like the ideas, don't forget to support them with likes and comments, thank you very much and here we go.
Today I want to talk to you about the ALGO chart.
At the moment price break the structure.
Then, I think ALGO breaks continue to move up to my goal.
My target is located at charts level.
I expect this scenario.
This is my opinion, I really hope it will be useful for you.
Trading with Children.I think this is one of the most distracting thing while you trade.
If you are in the "zone" and there is a dog, child or your spouse around it is very difficult to focus on your trades.
I did 5 trades altogether.
Initially, I end up with a 6.5% profit but due to continuous trading, I end up with a 2% profit.
Let's keep going.