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AMP Price prediction for beginners by a beginnerI am new & this is my first published idea, I welcome any & all constructive feedback. I am NOT a financial advisor, this is NOT financial advice, I'm just a dude who has been smitten by charting. $AMP is one of the new listings on Coinbase & is (at time of typing) the "cheapest" currency on the big American exchange. This chart is a basic example of price action on the daily candles, local low, local high & 2 basic trend lines. Other macro indicators & TA has highlighted late September/Early October as the potential peak for the 2nd half of this bull run & this $AMP chart follows those trends. I anticipate a sell price, which is a 3x from my average cost, of just over .18 USD on or before 9/21. This analysis is almost entirely based on TA & $AMP tokenomics. I see this as an easy opportunity for new retail investors, (like myself) to make some money, gain some confidence & inspire more people to use Trading View.
GEMINI:AMPUSD
by TerranTim37
2
Fibonacci Extensions From ScratchHi traders! Evidently, every trader understands the importance of defining the trend with its support and resistance levels. Unfortunately, sometimes it’s kinda difficult or even impossible to do with basic tools. Nevertheless, traders have fixed the problem and evented some indictors that are able to solve this problem. One of them is Fibonacci extensions . Fibonacci extensions are a way to establish price targets or find projected areas of support or resistance when the price is moving into an area where other methods of finding support or resistance are not applicable or evident. As you can see, Fib Extensions is some kind of ratios.The ratios themselves are based on something called the Golden Ratio. How to build Fib Extension? During the up trend you should initialize the point of previous lower lower. Next point is the higher high and lower low again. The points should be consistent.
Education
by Skyrexio
2
Parabolic SAR From ScratchHi, traders! Today we’ll continue our series of educational articles. We hope you enjoyed the previous one and found it useful. We have already told about the necessity of identifying a trend . Most of freshmen and even experienced traders find it really difficult. There is even more difficult problem, though. Finding the most profitable points of entrance and exit is very complicated task for anybody. However, technical analysis gives traders some tools and techniques that simplify this task greatly. Today we’ll talk about Parabolic SAR (PSAR) , one of the best indicators for identifying trend reverses. Let’s have a look at it. PSAR is the line of dots which is plotted below or above the price candles. When the trend is bullish the dots are below the candles, when the trend is bearish they are above. PSAR calculation is rather difficult and we don’t want to bore you. One you should know is the main parameters – step and maximum step (default 0.02 and 0.2). When you increase this values, you increase the sensitivity of indicator, but at the same time sacrifice its precision, cause it starts catching lots of false signals. Whereas we decrease these values sensitivity becomes less, but signals are more accurate. Thus, it’s very important to find balance , in order to minimize lagging and get accurate signals.
Education
by Skyrexio
MACD From ScratchHi, traders! Today we gonna start the tutorial “Trading from scratch”. These short but very useful articles are intended for beginners who’s just started their way in trading. We hope you’ll enjoy. Today’s article will give the full understanding of one the most popular, easy and very useful indicator - MAC. Moreover, we’ll show you how to apply it efficiently. MACD (Moving Average Convergence/Divergence) is a trend indicator that shows the trend and its momentum. It consists of two lines: MACD line and signal line. Both of them are EMA with different periods. We got MACD line subtracting from EMA with less period (fast) EMA with longer period (slow). The signal line is MACD line smoothed by the very short EMA. How to trade with MACD? Divergence The first very powerful signal is divergence. Divergence means the difference between slope of the trend line on chart and indicator. To learn about it properly you can read our Divergences Cheat Sheet . Catching divergences is a good signal to buy or sell. As you can see on the screen, the first time we got bearish regular divergence. Thus, we are going to short. Then we can see bullish hidden divergence and it’s a good chance to execute a long position. NOTE We can draw divergence lines both on MACD line and histogram.
Education
by Skyrexio
2
BTC/USD Swing Trade Analysis - More Dips ComingWell, this time I was wrong. Instead of a Head and Shoulders (orange) and consolidation around 55k, BITFINEX:BTCUSD shot straight up to 61k over the weekend. I knew the H&S was not a strong possibility, but I thought the consolidation was very likely. I still think the consolidation I had predicted will happen this week. Let's see what the numbers tell us. Analysis: I don't see any pattern, so we'll look at the indicators. The RSI is just under 50%, which tells me that ~56k is the price the market is now considering acceptable for BTC. The MACD on the other hand, is signalling that the drop is going to be even lower. You can see that the red bards are growing and both lines are very, very far from crossing. Yes, we are still in bull (positive territory), but considering where we were on the weekend, we are now pretty close to plunging into bear territory (below zero). Finally, let's look at the volume. It is not big, but not as small as it was last week. This tells me that the traders who are going in, are indeed confirming the bear trend. Summary/TLDR: We have 1 indication of a consolidation and 3 indications of a decrease in price. I believe the price will keep on dropping for another 24 hours until we see a start of a recovery (this is based on the MACD from Feb 22-23). Disclaimer: Nothing here is investment or financial advice. Cryptocurrency is very risky. Please only invest what you can afford to lose.
BITFINEX:BTCUSDShort
by mairabay
BTC/USD Swing Trade Analysis - Head and Shoulders?Once again I was right. The cup with handle (pink) even ended right where I finished my drawing! We've been on a bit of a roller-coaster since then, so will we dip further or will be start moving up again? From a pattern perspective, it looks like we are forming a Head and Shoulders (in orange). However, when we look at the indicators, it is a different story. The RSI is around 50%, which means that the price of BTC is now consolidating at the current level of ~54k-56k. The market thinks that this number is neither overpriced nor underpriced. So, if you are in for the long-ish swing trade (a few days or even a week) I'd say stay calm: even if there is a dip, it will be back to ~55k as this is the new value. On the other hand, if you are working with a shorter swing trade of a day or so (or maybe even day trading), pay close attention to the market because the dip might be your only chance of buying it before we move up again. Now looking at the MACD, it does show signs of a negative trend. Keep in mind that we are still in bull territory (lines way, way above zero) so even if there is a dip, the long-term tendency is for the value to go up. As I've said before, it all depends on your goals. If you are looking for a short-term swing or day trade, (based on the MACD alone) this is a good time to sell and wait for the end of this dip to buy again. If you are looking for a longer-term swing of a few days or even a week, this will just be a minor blip in the overall upward movement. The other important indicator to look is volume. And here we see that the volume is still small, but not the smallest its been. So there is some activity, but for the most part traders are still waiting to see what will happen. That means that the volume slightly confirms the other trends, but not by a lot. Looking at the shorter-term charts, they are all showing a recovery on the MACD and a consolidation on the RSI. So the short-term tendency is still for the price to consolidate. Summary/TLDR: Let's summarize everything now: 1) We have 3 indications that the price will consolidate or stay flat 2) We have 2 indications that the price will go down In conclusion: we are in for a consolidation around ~55k. Disclaimer: Nothing here is investment or financial advice. Cryptocurrency is very risky. Please only invest what you can afford to lose.
BITFINEX:BTCUSD
by mairabay
BTC/USD Swing Trade Analysis - Cup with Handle?And I was right! Not only did we have a double bottom (in orange), but we broke out of it last night. Additionally, we have already broken the resistance of the next level. I thought it would take us a few days, but BITFINEX:BTCUSD never ceases to amaze me. What's in store for this week? Read my analysis to find out. Analysis: The next level of resistance is ~$56k. But will we get there without a bump? The RSI is starting to signal overpriced, but not too much (we are barely out of the 70% line). Also, you can see that the same level at which BTC was considered overpriced (71. 63%) just a few hours ago (Mar 8 at 7PM EST) for the price of $53,912.70, is now valued at $54,274,80. This tells me that the market is slowly accepting this new level of support/resistance (~52k-54k) into which we just broke. Looking at the MACD, the lines show no sign of crossing or even getting closer, so this tells me that more growth is coming (or at leas, that the price will stabilize at this point). The green bars are getting closer together (as opposed to a more exponential growth (like, for example, on Feb 12 19:00 to Mar 01 15:00). On the other hand, the volume is low (which means people are sitting on the fence). After the jump from ~52k to 54k last night (this morning in Asia) most traders seem to be out of the market and waiting to see what will happen. From a pattern perspective, we seem to be in a cup with handle (pink), but I've been wrong with that pattern before (I need to learn more about it), so I'm not puting all my bets on it Conclusion/TLDR: It's a bit hard to tell right now what will happen, but I have quite a few followers now, so I wanted to make an analysis to make sure you guys had something to think about. Let's work with what we've got and summarize all the different pointers. * We have 2 points for consolidation (RSI, MACD bars) * We have 2 points for growth (MACD lines, cup and handle) I think in the next 8-12 hours the price will consolidate at the ~52k-54k mark, before seeing a jump into ~56k. Disclaimer: This is not financial or investment advice, just my idea. Cryptocurrency is very volatile and risky. Only invest what you are comfortable loosing.
BITFINEX:BTCUSD
by mairabay
BTC/USD Swing Trade Analysis - Bearish Weekend AheadWell, folks, looks like I was wrong in my BITFINEX:BTCUSD analysis yesterday. The downturn was much harder than I expected (pink line). I'm glad I didn't buy! The question is now: how much lower will it go? Indicators: The MACD is telling me that this isn't over yet. The lines are fairly separate and I expect they won't get together again (to start an uptrend) for the next 8 hours or even longer. Why? Even when the RSI was at almost 50% (Feb 23 19:00 EST) it took a whole day for them to cross again. This can be confirmed by looking at the RSI, which last closed at ~37%. This means there isn't a lot of resistance for the price to move down. On the other hand, the volume is not terribly high, which means that many traders are waiting to see what happens. Instead of buying to push the price up, the bulls are sitting on the fence. This might give a chance for the bears to push the price even lower. Patterns: Even though I was wrong on the pink lines, you can see how I was spot on with the support and resistance (Fibonacci?) lines. It's amazing how precise this can be. I understand why many people use it, and I will be using it from now on as well. There could be a double bottom, but I don't see this confirmed in the MACD or RSI (or maybe I'm not reading it right). I will check again later this afternoon to see if that confirmation is stronger, but for now I still think it can go lower. Conclusion: For the weekend, I expect another test of the ~44k bottom before breaking that support and going even further down (either to ~40k or ~37k). Many people stay out of the market on the weekend and that's when big swings happen (maybe because there's more bots and less humans?) I am still a fairly beginner at this, so please let me know what you think of this analysis in the comments. I am open to all ideas and constructive feedback ;) Disclaimer: None of this is investment or financial advice. Cyrptocurrency is very risky. Only invest what you are comfortable losing.
BITFINEX:BTCUSD
by mairabay
2
Why Most Traders Lose Money - Here Are The Top 3 ReasonsAnyone that has been around the markets and trading for any period of time has probably heard that most traders lose money. In fact, there’s actually an old trading adage that says: 90% of new traders will lose 90% of their account within 90 days. So after reading that, before you reach for your broker’s phone number to wire out all of your money… how about I let you in on a little secret: If you follow some simple rules and avoid these 3 mistakes, you can be in that minority of traders that actually make money consistently in the markets. And if you are currently making one or all of the mistakes, I’ll also show you exactly how to fix it. So let’s dive in! 1) Most Traders Enter A Trade Too Late The first thing on my top 3 reasons why traders lose money is: Most traders get into trades WAY too late! There are a lot of reasons this happens, but most commonly it’s because new traders are basically gambling. They’re buying stocks or options based on news, or a hot stock tip, which really isn’t what I would consider a strategy. So let me give you a great example with a company I’m sure you’ve heard of: Uber Technologies (Yes, enemy #1 for taxi drivers worldwide.) Last year Uber, known for its popular ride-sharing and food delivery services, IPO’d in May (2019). With the disruption this company caused, their IPO had a lot of hype surrounding it, bringing a lot of investors to the table. On the day of their IPO, UBER opened at $42/share and people poured into the stock. For a few weeks, the stock had a turbulent, roller coaster of a ride all the way to as high as $47.08/share, a little over a 13% increase since its IPO. And around this new high, more and more inexperienced retail traders piled in thinking that it would continue its bullish run with dollar signs in their eyes. The mainstream media was continuing to hype it and more and more and investors and traders gobbled up more of the stock. Looking at the image below, you’ll see after that high of $47 things got UGLY fast, with UBER falling day-after-day, week-after-week. It wasn’t until November of 2019, about 7 months after their IPO that UBER found a temporary bottom at $25.58, down more than 45% from its high of $47.08… and I would bet there were a LOT of people who bought near or at the highs and were still holding at that point. So what did retailer traders do when UBER made a bottom? Yes, once again most (losing) retail traders didn’t get in at, or even around the bottom… once again, they piled as UBER neared its previous highs. And as you’ll see yet again, UBER rolled over on its way to making another new all-time low this past March 2020 going all the way down to $13.71/share. That’s more than a 70% decrease from its ATH and yes, I’m sure some investors rode it all the way to the bottom. Now I want to share a second example with you, so let’s take a look at Amazon (AMZN). So as you know, AMZN is a HOT STOCK, and last year it has a crazy move where it crossed $2000/share…. and yes, just like our example with UBER, inexperienced retail traders piled in at the very top. Once again, in the weeks that followed, AMZN’s stock tanked leaving those who’d piled in dazed and confused, now holding onto sizable losses. So as you can see, the first of my top 3 reasons most traders are losing money is simply because they’re piling in way too late in a stock’s move, generally near a high. Now on to reason number 2: 2) Most Traders EXIT Too Late Yes, as you can imagine if people are getting in too late, well, they’re also typically getting out too late as well. So let’s talk about why this happens. Why do retail traders tend to hold onto trades way too long, either turning a small loss into a BIG loss or sometimes even more painful, turning a winner into a loser? Let’s take a look at another example with an UBER competitor, LYFT . Like UBER, LYFT also had its IPO in 2019, opening up at $87.24/share… but that didn’t last long. In less than two months, LYFT went as low as $47.17… and what do you think those who bought during the IPO are saying right about now: “Oh, I’m holding it because IT WILL TURN AROUND!” This is generally where I see traders get religious 😉 Instead of ‘taking their medicine’ and getting out when the trade moved against them, they held on and are now pleading and praying the stock will turn around. I hate to be the one to break it to you, but ‘hope’ is not a strategy… at least not one with a winning trading record. Now on to number three in our list of top reasons why most traders lose money: 3) They Don’t Have A Trading Strategy As you’ll see, I’ve saved the best for last as this one alone can help fix or eliminate the other two we just discussed. So first, let’s answer this question: What Is A Trading Strategy? Well, a trading strategy gives you three key pieces of information you need before ever entering a trade: 1) It tells you WHAT you are trading. Is it stocks, options, futures, cryptocurrencies? This is answered in your trading strategy. 2) It answers when you ENTER a trade. 3) It answers when you EXIT a trade and that’s exiting with a profit or loss. Now, let’s take a look at an example here using TSLA on how I make decisions trading. I like to look at three different indicators, that when in alignment, give me a clear signal to go long or short a stock or ETF. As you can see on the charts, back in December of last year (2019) my indicators gave us a long signal on TSLA at around $370/share. TSLA Chart And the indicators told me we were good to go until around $850/share. All I had to do is let the indicators tell me when to get in and when to get out… no guessing, hoping, or praying. Summary So as you can see, there’s actually no big secret to why most traders are losing money. It’s actually pretty simple to see and correct, but it takes a plan and a little bit of discipline.
NASDAQ:LYFTEducation
by rockwelltrading
1