The secret knowing exactly the exit point is accurat 90%Hello, I have tried using many indicators to trade stock and Bitcoin, accidentally picked up the secret, so I would like to share with you:
The entry and exit points are important, but the exit point determines whether you win or lose.
Maybe, you don't know about getting out for reasons: you may win a little bit, you lose so waiting or so you want to win more.
How do know the exit point? This is an extremely difficult problem but there is a good way that is to use "Volume-based Support & Resistance Zones V2", it helps you know if your entry is good and when you can get out.
Steps to usage:
Find and add indicator "Volume-based Support & Resistance Zones V2"
Look at the Support area to know if your entry is good or not, and if the price is already in this zone, for example, if the price has fallen out of the Support zone, it's best if the stop loss will lose less, otherwise, it will down further
Take a look at the Resistance zone, if the price breaks through this zone, it will continue to rise, can wait, if the price drops to this zone, they should exit, this is something that very few players know where to get out.
You can use it to check for both stock and Bitcoin. That's very useful.
Above is sharing how to get out safely to avoid losing. If you find it useful, please give me a vote.
Thank you.
Bitcoin-btcusd
Father of all strategiesHello traders!
This is a detailed and most importantly a correct analysis of the previous pump and dump.
There is always a reason behind everything and there is also a reason behind this whole formation. There is a complete cycle that forms before this formation and this formation is a reaction of that cycle.
Let's talk about this formation
After a deep search, I have figured out that the market never leaves any Support/Resistance untested and if it happens then we will see this type of formation and when the formation is completed we will see the market will move back to that untested Support/Resistance.
(Tip 1: You can trade every breakout but on the opposite side of breakout because the market always show retracement after the breakout)
At the start of this Formation the time the first pattern we see is a 'J' pattern.
Now, what is the J pattern?
'J' pattern is itself a reversal pattern only if it is formed above the support area but in this case, 'J' pattern is not connected with the support area so it kept pushing up.
The Next pattern after J is a correction/consolidation pattern and in total, we will see 3 consolidation/correction patterns in this formation.
(Tip 2: After every breakout there is a reaction pattern and 5 out of six times market moves back after a breakout so follow tip#1)
After the 'J' pattern the second pattern is an Expanding triangle and if you are aware of this pattern then I must tell you that you were always taught wrong because you must be taught that trade towards the direction of the breakout and it's a wrong way. As I told you 5 out 6 times market moves back after breakout and you can see the charts yourself. So trying your luck on 5 out of 6 probability is better than trying your luck on 1 out of 6 probability.
(Tip # 3 is don't be fooled and follow tip # 1 and always use stop-loss to save yourself from unwanted loss and save your account for new trades)
The third and final pattern is a correction breakout without any reaction pattern and this is a pattern that pushed the Bitcoin back to the pavilion.
Happy new year guys and I hope you will make millions in the year 2022.
Don't forget to hit the like button and follow to stay connected.
The dominance of stablecoins as a divergence tool in BTCOn the top chart we have the BTC/USD index, and on the bottom chart we have the sum of the dominance of the main stablescoins: USDT, USDC, DAI and UST.
As a rule, when the dominance of stablecoins rises, the price of BTC falls.
Just look at the respective numbered arrows. The only exception was arrow number 3, which had a more lateral movement in the dollar's dominance.
Now looking at this exact moment, we have a rise in stablecoin dominance.
The next resistance is at 7.75% (if dominance continues to rise).
Here's How To Trade & Work Full Time EffectivelyWhat's going on traders!
Are you working full time? and trying to trade at the same time? Having difficulties trying to do both at the same time?
In this video I break down what I did when I was working full time and still trying to trade around a busy life.
There are 2 options - Trade very short term and get in and out of trades in a few hours OR swing trade. I go through some basics in this video so check it out!
AUDUSD - How To Trade This Channel! 😍 📚AUDUSD is in a really nice channel where price is respecting both the limits of the channel. We saw a nice bounce off the channel support and looks like we'll be heading towards the channel resistance very soon.
The basic rules of trading within a channel are the following:
- Buy on bounce off channel support
- Sell on rejection off channel resistance
- Stoploss outside of the channel
- Targets should be the outer limit of the channel
** For descending channels, the move down will always be bigger than the move up
** For ascending channels, the move up will always be bigger than the move down
Do your best to identify channels in your trading - easy trades!
Goodluck and as always trade safe!
The Cashflow Game: by Robert KiyosakiDId you hear the Cashflow Game?
What it's the Cashflow Game?
In my definition, the Cashflow Game it's a way to measure your financial education and how do you use the money?, how do you apply the knowledge and learningedge in your personal life?, What kind of education I should to get?, My own answer it's nothing of this answer. My best anwer it's that if you wan't to know the way to use your money, you will need to be auto-didactic and get your auto-learningedge in based your experience to have knowledge. You don't need any education what school or university show you to learn this cashflow game. Schools doesn't teached us about money, financial education, Forex, Bitcoin, cryptocurrency, personal and motivational development, and much more others theme that I know very well. School teached us about History, Arts, Math (Algebra, Trigonometry, basic math, etc...), Science (Natural Science, Biology, Physics, Chemistry, Environmental Science, etc..), Spanish, English, languages, sport, vocational courses, etc... But school never will teach you about financial education, money and how do you get a personal and motivational development, never and always the education system will be design to be corrupt and creating poor people without knowledge about financial education. the only subject not teached in the school.
That it's my perspective point to know very well this theme, and people don't ask about it.
Now, I wan't to make a step by step to discuss by part how it's work
I.Education:
If you want to learn about cashflow, the first step it's to get education, Don't go to the school to attent to show you this theme. As I said, school doesn't teach us about financial education. And you will need to be auto-didactic and get an alternative education what school teach. For example: reading books about best authors or best=-seller like Secrets of the Millonaire Mind, Rich Dad Poor Dad,etc... You can to find up books based in the personal or motivational development, you can to learn about finance, financial market, economy, psycology, any story or topic that you interesting, etc... You can to learn any languages. You will need to get medidate and exercise. One of my best point that I write in the rectangle it's the following: Your mind it's your main asset to invest in your knowledge . So, let's me see to say you one thing: People are inconscient about that your mind it's your main asset and this it's a way that nobody will teach you, and also school don't teach it. If you want to get an alternative education, you will need to invest in your own knowledge, and this will be alone, you will need to learn to be auto-didactic.
II. Investments:
This it's my favorite section. if you want to make any investment, there's a lot way that you can to get passive income, but to learn about investment, you will need an alternative education in the first section that you will need to be auto-didactic. I like the business, real estate. Also, the real estate it's one of the profitable business that Robert Kiyosaki do, and I want to apply it in the future. And assets are a good way to get profit when you invest in cryptocurrencies, Gold, Silver, Oil, Bitcoin, Shares by long term. Now, trading or investing in the financial market it's the popular in this era. They're trading in Forex, commodities, stock market and cryptocurrencies. Now, I have this way how I trade in each market. For example: I like to trade Forex with commodities (Gold, Silver and Oil) togethers. As I know that I do not trade Forex a lot and I trade cryptocurrency. But in the future, I hope to open up an account in USD to trade Forex and commodities togethers. I choose the commodities to trade with Forex togethers because Gold, Silver and Oil it's make movement with the globe economy and this it's a way how will affect by Forex market. Remember, Forex it's the largest financial market in the world, and more biggest than any financial market. For that, Forex it's a financial market that you can to negotiate with dollar, euro, pounds, Canadian Dollar, aussie, Yen, and anothers currencies. This it's one of my favorite market to know the situation of the economy in based the CPI, Inflation rates, jobs, economy activity and sectors, economical data and analytical. and much more to take in note. For that, Forex it's the main financial market in the world. Now, before I started with Forex market, and now I'm in cryptocurrencies. But more later, I will go back to trade Forex with Gold, Silver and Oil. One of my strategy that I made before it's to find up 15% weekly, and included until 20% weekly to management my money. But now, I thinking to change my goal when I going to start with Forex again and find up 30% monthly to change my expectative. 30% monthly it's very great to start and keep this plan to long term. Now, in the anotherhand, the cryptocurrencies it's one of my market that I love. Now, I decide to add the stock market (indices and some shares) to trade togethers with cryptocurrencies. One of my goal at the moment that I invest in cryptocurrency it's to find up 300% by year and keep this plan toward long term. And recently, I open up a third account just to make position trading to keep trades until weeks, months and included years in focus in cryptocurrencies and stock market. I dont have any % like goal, it's a way to use it to keep this position so toward long term, but yes putting a target price that I believe that this asset will reach this price. For example: It's like to buy 4,000 ADA contract to $2 dollar and I believe in the future that Cardano will reach $100 USD, without matter how long time I keep this position trading toward long term?. But all based in the USD account to get dollars profits. But yes, I calculate my potential loss in SL, that I note very well, but I put the price that I believe that this asset will reach in the future without so late.
III. Use of Money:
The use of money it's a way to management your money creating your lifestyle using your money that you get in the market, business, asset or passive income. This it's very easily creating a plan to management your money by sections like saves, investments, jubilation, spends, emergency, health, etc.... You just need to determine the % that you want to put in each section. And also, the use of money require that you always follow the trend of money reading economical news, politics, commodities, cryptocurrencies, stock market if you have money into Gold, Silver, Bitcoin, Shares, etc... And also, reading Forex news it's important to leading the situation of the economy actual.
Guys, this is it. This it's a way to get a cashflow plan in your life. If you like this educational content, I invite you to share this analysis with traders, enthusiastic, experts, or friends that should to know this educational content of the high quality.
Where do you place your stop-loss? 🌐Where do you place your stop loss? 🌐
First, read our tutorial about market orders and limit orders:
Your stop-loss is such a limit order that you place above the point of collision of the trend lines that print the technical pattern on your chart:
- If you've got a Bullish Pattern (Bullish Wedge or Bullish Pennant), you place it below the pattern.
- If you've got a Bearish Pattern (Bearish Wedge or Bearish Pennant), you place it above the pattern.
In channels (Bullish Flag or Bearish Flag), you do not place the stop loss outside the pattern because you put it inside your channel around the point where the price last touched the left trendline.
Where would you place your stop loss in the pattern above?
(The solution's in a comment.)
Regards,
OXY
THE TREND IS YOUR FRIEND,BUT HOW TO ACCURATELY DETERMINE THE WINMany of us have been taught that the trend is our friend and we should trade in the direction of the trend.As we have eventually discovered this is easier said than done.I am a Mechanical Engineer by profession so i was inclined to find an excellent way to determine the trend of a market,forex currency pair, cryptocurrency pair or a stock.
EDUCATION - Candlestick Cheat Sheet ⚡⚡One of the most powerful tools in your trading arsenal should be candlestick patterns. Various candlestick patterns can tell us where the market is heading.
These patterns can be found on all timeframes, however the Daily candlestick patterns appear to be the most reliable.
Once you see these patterns, you can ready yourself for the next move and use other tools to enter the market such as flag patterns, MA strategy - which we've covered before (See linked charts).
EDUCATION - Moving Average Trading Tutorial ⚡⚡What is a Moving Average?
In technical analysis, there’s an indicator called moving average which calculates the average closing price over a set period of time. If the market is too choppy, often a moving average can help smooth things out and provide a clearer visual of what’s going on in the market and an indication as to where the momentum is whether it’s a bear market or a bull market.
How is moving average calculated?
A moving average is calculated by calculating the closing prices and then divided by the set number of days e.g. 100 day moving average takes into account the closing prices for the last 100 days and then divides it by 100 to give you the moving average. Once you have enough data, you will be able to plot a smooth line which you can use to help with your analysis.
How do you use moving average?
In very simple terms: if the price is above the moving average, you can assume that the market is bullish. If price is below the moving average, you can assume that the market is bearish.
The way we use the moving average is that we see it as dynamic resistance/support.
Dynamic support – When price is above the moving average and approaches it, the moving average will act as a support base where price could potentially bounce off.
Dynamic resistance – when price is below the moving average, price may come up to reject the moving average before moving lower.
Transition from bearish to bullish (vice versa)
We found that one of the most probable moments where the moving average acts as a dynamic support/resistance is when price impulses through the moving average and then retests it. It is possible to gain an entry on the retest provided there are other confluences playing a part such as previous structure or price action.
What moving average do we use?
100 and 200 moving average.
Examples
The bread and butter of global macroBefore you trade stocks, bitcoin, FX, bonds or anything you have to try and understand how our monetary system works not to miss the big picture.
This video helps you by providing a 10.000 foot view of the global macro landscape. Don't miss the forest for the trees.
Tune in and enjoy!
Wyckoff Price Cycle ExplainedAccording to Wyckoff, the market can be understood and anticipated through detailed analysis of supply and demand, which can be ascertained from studying price action, volume and time. As a broker, he was in a position to observe the activities of highly successful individuals and groups who dominated specific issues; consequently, he was able to decipher, via the use of what he called vertical (bar) and figure (Point and Figure) charts, the future intentions of those large interests. An idealized schematic of how he conceptualized the large interests' preparation for and execution of bull and bear markets is depicted in the figure above. The time to enter long orders is towards the end of the preparation for a price markup or bull market (accumulation of large lines of stock), while the time to initiate short positions is at the end of the preparation for price markdown.
Parabolic Explosion / The Bitcoin PhenomenaGood Morning traders! Today we bring you a curious post, and maybe a bit controversial, since we are going to propose a future behavior in bitcoin (in relation to past events) with an extremely interesting price target.
To make this post, we will focus on the last large corrections, that is, backward movements that lasted for months or perhaps years. They can be clearly seen in the chart of the post, because the chart is in a logarithmic scale (if you do not know what the logarithmic scale means, leave a comment and we will gladly make an educational post in relation to the different scales in the graph).
We can see great similarities in the corrective movements, and so far the impulsive movements have been respected.
Speaking of corrective movements, we see that both have a depth of approximately 85%, and a duration of between 1100 and 1300 days.
🔸We can see more clearly the corrections in the two charts below:
🔸The target set in both situations is the theoretical target of this type of movements. Of course, the movement after the first correction ended up being abruptly greater than the theoretical. The rise of the previous impulse was +1600%:
Now what we ask ourselves is if the current impulsive movement replicates the previous rise. If so, it would imply a +1600% rise from the breakout, resulting in an approximate target of $340,000.
Interesting, right?
This kind of behavior is common on many cryptocurrencies. We have more examples and cases, so, feel free to comment the cryptocurrency you are inteterested in and we will try to apply this kind of analysis to it!
Bitcoin Dominance Explained in shortBitcoin is the world’s largest cryptocurrency by market capitalization (market cap) and commands a large portion of the trading volume (and the attention) in the cryptocurrency markets. If we look at the summative market capitalizations of all the existing cryptocurrencies, then we can arrive at a total market cap valuation for the entire cryptocurrency space. Therefore, the Bitcoin dominance is described as the ratio between the market cap of Bitcoin to the rest of the cryptocurrency markets.
As you can see in the chart above, the possible outcome from each possible scenario.
For many years, while Bitcoin was far and away the largest cryptocurrency - and one of the few in existence - its dominance was much closer to 100% than it is today. However, the Bitcoin dominance dropped significantly as new cryptocurrencies were created. This is probably related to the increased popularity of ICOs after the introduction of Ethereum and the ERC-20 token standard.
Interestingly, Bitcoin dominance is often affected by the so-called “alt seasons” , in which altcoins gain market share relative to Bitcoin, thus reducing Bitcoin’s dominance. Note, however, that Bitcoin dominance is not always directly affected by bull or bear markets because it is a ratio, not an absolute term. This means that if Bitcoin falls in price, but the rest of the cryptocurrency market falls at a similar rate, then Bitcoin dominance is likely to remain the same.
Although Bitcoin dominance is an interesting statistic to look at, one should keep in mind that it does not reflect its real value (especially because of forked and premined coins, which impact the total market cap in a very unnatural way). Also worth noting, that market cap does not mean an influx of money. It is just a measurement based on the circulating supply and current market price.
During the times when Bitcoin was the only cryptocurrency tradeable on exchanges, its dominance was roughly 100%. Today, with more cryptocurrencies in the space, its dominance is certainly less than 100%, but that is not necessarily a good or bad thing. It is only a tool that may give us a better perspective of how the crypto space is evolving.
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.
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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!
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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
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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!
Similarities between Cup and Handle and A BullflagThis Bullish log chart for BTC shows a clear cup and handle
Yet these could be acting as a quasi-bullflag, flagpole at the same time.
Both experience an upward move initially (cup, flag-pole) and further consolidation period (handle, bullflag)
Both are bullish but experience a similar development as bullish tools. That will always continue to form over time.
The handle if viewed in a 3D state can be seen as 'protruding' much like a flag on a flagpole. Creating this distinction.