Can Bitcoin Hedge Against a Falling Dollar?Global inflation often signifies a weakening of global currencies. The question of whether Bitcoin can serve as a hedge against a depreciating dollar has gained significant interest among investors.
Or should it still be the Gold?
In this study, we will analyse the top 8 cryptocurrencies to determine which one is a more reliable currency hedge.
Bitcoin & Its Minimum Fluctuation
$5.00 per bitcoin = $25.00
BTIC: $1.00 per bitcoin = $5.00
Code: BTC
Micro Bitcoin & Its Minimum Fluctuation
$5.00 per bitcoin = $0.50
BTIC: $1.00 per bitcoin = $0.10
Code: MBT
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
Bitcointrading
Bitcoin's typical weekend activity and "howto" w/Voodoo LevelsVoodoo levels tip: When low volatility is expected (like over the weekend), price on an intraday basis will most likely range between DH1 and DL1 levels.
Exceptions can always happen. But expecting low volatility and mean reversion at the CME open on Sunday is something I continue to bet on.
Enjoy your weekend!
Ninja Talks EP 31: Bruce Lee TradingEmbracing Bruce Lee's Timeless Insights to Conquer the Markets
"Empty your mind, be formless, shapeless like water. If you put water into a cup, it becomes the cup. If you put water into a bottle, it becomes the bottle. If you put it in a teapot, it becomes the teapot. Water can flow or it can crash. Be water, my friend." - Bruce Lee
Embrace Adaptability: Just as water adapts to any vessel it occupies, be flexible and adaptable in your financial speculation. Markets can change rapidly, and being rigid in your approach can lead to missed opportunities. Adaptability allows you to adjust your strategies according to market conditions and seize profitable opportunities.
Cultivate an Open Mind: Emptying your mind, as Bruce Lee suggests, means letting go of preconceived notions and biases. Approach financial speculation with an open mind, ready to learn and explore new ideas. Embrace different perspectives, strategies, and techniques, as they can broaden your understanding and lead to better decision-making.
Flow with the Market: Water flows effortlessly, finding the path of least resistance. Similarly, in financial speculation, it's crucial to flow with the market rather than fight against it. Pay attention to market trends, follow the momentum, and align your trades with the prevailing direction. This doesn't mean blindly following the crowd, but rather understanding the market's dynamics and adjusting your positions accordingly.
Be Shapeless in Risk Management: Water takes the shape of its container, and in financial speculation, you must be adaptable in managing risks. Tailor your risk management strategies to suit different market conditions. Employ appropriate risk mitigation techniques, such as position sizing, stop-loss orders, and diversification, to protect your capital and navigate uncertain market environments.
Maintain Emotional Balance: Just as water remains calm and tranquil, strive for emotional balance in your financial speculation. Emotions like fear and greed can cloud judgment and lead to impulsive decisions. Practice emotional discipline, keep your emotions in check, and make rational choices based on sound analysis rather than being driven by emotions.
Learn to Flow and Crash: Water can flow gently or crash with great force. Similarly, as a financial speculator, you must learn to navigate different market conditions. During times of stability, adopt a flowing approach, where you follow trends and take advantage of gradual market movements. However, when faced with turbulent times, be prepared to crash, which means having the ability to protect your positions, cut losses quickly, and adapt to changing market dynamics.
Find Your Own Path: In Bruce Lee's quote, he advises, "Be water, my friend." This suggests that you should find your own path in financial speculation. While you can learn from others and study successful strategies, ultimately, you must develop your own approach that aligns with your goals, risk tolerance, and strengths. Being water means discovering your unique style and adapting it to achieve success in the financial markets.
By integrating these seven points derived from Bruce Lee's quote, you can approach financial speculation with a profound mindset, leveraging adaptability, open-mindedness, market flow, effective risk management, emotional balance, versatility, and a personalized approach to carve your path to success.
That’s all for todays episode Ninjas!
Like, comment, follow and I’ll see you in the next episode.
Keep your blades sharp.
Ninja Nick
Best Indicator for Crypto TradingBest Indicator for crypto trading is RSI ( Relative Strength Index ) is very necessary for technical analysis . Mostly traders observe the previous market volatility and predict future trends . All cryptocurrencies are run by blockchain technology so traders use this tools to analyses the markets fluctuation. There are many indicator for crypto trading but the relative strength index (RSI) is very popular. It's was launched in 1970s. A tool for traders that can use to observe how market perform and trend . It’s measure the volume and velocity of price momentum and velocity of candles movement. The RSI is very helpful tool and very popular among the professional traders. This is new concept of technical analysis and price predication of future market
Work of RSI Indicator
RSI is best indicator tool for crypto trading. This type of technical analysis trading tool which observe the quantitative of volume and price fluctuation in crypto trading. When momentum increases and price also increases and it gives signal that trade is being ready for buy in market. If trend signs bearish or market fluctuate downside that indicates that market is ready for sell because selling pressure is very high. Visit for more information.
Bitcoin: Bullish divergence on weekly rsiBitcoin has made a bullish divergence on the weekly rsi, meaning the price went lower while the rsi is making a higher high. Not only do we see a bullish divergence, the divergence is happening in a falling channel.
The only thing missing is a third confirmation of this bullish divergence. That confirmation can happen in 2 ways:
1: making a lower low on the price, while making an higher high on the rsi
2: makinga a double bottom on the price, while making an higher high on the rsi
Inside Bar Candlestick Pattern 📉📉📉📉 We will cover the following today:
Inside Bar (Inside Day)
Inside Days
📉 Inside Days are a daily pattern involving two daily candles, we have a day of trade, also known as the ‘mother candle’ and then the following day trades the whole day within the range of the previous day. This is a two-day bias suggesting a potential reversal. A great way to play these sorts of biases is to pre-empt the failure of this reversal, as well as playing the success of the inside day, so what does this look like? Let’s take a look at an example below.
What is an inside bar? The inside bar is a popular reversal/continuation candle formation that only requires two candles to present itself. This pattern is a direct play on short-term market sentiment looking to enter before the 'big moves' that may take place in the market.
📉 Is an inside bar bullish?
Imagini pentru inside bar candlestick
First, unlike other candlestick patterns, inside bars are usually not distinguished as bullish and bearish by their look or color of the body itself, but rather by the location they are at and other peripheral developments
An “inside bar” pattern is a two-bar price action trading strategy in which the inside bar is smaller and within the high to low range of the prior bar, i.e. the high is lower than the previous bar's high, and the low is higher than the previous bar's low.
📉 TRADING WITH THE INSIDE BAR CANDLESTICK PATTERN: TOP TIPS AND STRATEGIES
Some traders consider it a continuation pattern though a breakout in the opposite direction is possible too. After price has trended up (or down) for an extended period, the pause in price movement (represented by the inside bar) precedes a reversal of the trend. Therefore, the inside bar is looked at for a short-term trade (or swing trading) in the counter-trend direction with the goal of holding the trade for less than 10 bars.
However, there is another way to trade inside bars and this is rooted directly from what the candle pattern does NOT reveal. When traders see an inside bar pattern form, it is interpreted as the markets unwillingness to push price higher or lower. This can be for any number of reasons:
An extremely pertinent report is being issued soon, or
The market just made a stratospheric leap and traders are tepid about bidding price much higher or lower.
Whatever the reason, the motive is the same: seeking potential volatility in an effort to increase profitability. When there is a situation in which traders are unwilling to bid price higher or lower, it is seen as a potential situation for future increases in volatility. The inside bar candle pattern is NOT telling traders that the market is bidding price higher or lower but rather that the market is waiting before making the next big move in the asset. This means potential opportunities for traders.
What do you think ? Comment below..
Bitcoin - Market Seasonality 📉📉 What is crypto seasonality?
Crypto seasonality is the perception that Bitcoin will rise and fall over a set period of time, drastically affecting the crypto market overall.
Bitcoin (BTC) is the world’s largest cryptocurrency, as well as the first-ever one. As the first cryptocurrency, it has tons of value locked up into it at all times, and all subsequent coins, otherwise known as altcoins, are tied to it in some way.
However, Bitcoin is no stable asset. The world’s first cryptocurrency is consistently ranging in value, dropping or rising tens of thousands of dollars at any given point. Every four years, this volatility is expected to reach a peak before crashing relatively hard due to the Bitcoin halving. The Bitcoin halving is programmed into the Bitcoin blockchain. Every four years, the halving occurs, and the rewards for mining Bitcoin are cut in half, effectively ensuring less Bitcoin is coming into circulation with every block mined.
The market tends to correct after a halving, with Bitcoin’s price rising due to its more scarce nature, only to crash shortly afterward as investors cash in their newly-earned profits, and the market overcorrects as a result. While Bitcoin crashes, more investors begin worrying about their investments and may pull out to move funds into altcoins.
📉2. Is crypto seasonality good or bad?
It affects everyone. But whether it’s good or bad depends on your investment personality.
Crypto seasonality can be seen as both good and bad, depending on your perspective and investment personality. For one, newer traders might see seasonality as a good thing, as they can now invest in Bitcoin at a lower price. Long-time holders, however, might despise crypto seasonality as their Bitcoin holdings are almost guaranteed to crash every four years, forcing them to wait out the lows or reinvest their holdings into altcoins.
That said, one can almost always expect Bitcoin to rise back up due to supply and demand. While this belief is never a guarantee, the leading cryptocurrency has historically risen to higher highs after each halving so far.
📉3. How crypto seasonality affects investors
Crypto seasonality might force Bitcoin-only investors to gamble in the altcoin market.
When Bitcoin’s price crashes, investors are almost forced into the altcoin market to continue generating profits. That said, altcoins are entirely unpredictable, and a project that’s massively popular one day can crash suddenly the next.
The altcoin market is also full of scams. Rug pulls and deceptive marketing have led to investors being taken advantage of. Regulatory policies are still in the works and can negatively affect a trader's experience as they develop. Exchanges can be hacked and holdings stolen. There’s really no telling what can happen in the wild west that is the altcoin market.
Sure, there are safer ways than others. Investors can buy into established passive income methods like Uniswap’s (UNI) liquidity pools, or participate in the mining or staking process of a coin rather than simply investing in it, but there’s still an inherent risk alongside these processes.
What do you think ? Comment below..
BITCOIN MARKET SEASONALITY 📉📉📉📉 As we talked about market seasonality i will explain in this video why i look forward bitcoin bullish market seasonality.
📉 As you can see we have an intresting bullish cycle that will start exactly from the incoming month APRIL towards AUGUST we have a higher chance to see BITCOIN going higher at least this is what statistics shows to us.
What do you think ? Do you use market Seasonality ?
🚀 Lesson From A ProOnce a trader from a large forex trading desk explained his main trading daily routine.
He started his day placing a large order to test the closest price resistance, waiting for the market to react. If the market moved in the direction of his trade, he was happy with a nice profit. On the other hand, if the resistance proved to be solid, he would have closed the previous trade with a small loss and opened a new one of double the size in the other direction. Eventually, the profit could have been even larger.
No matter what asset class you are trading, the basic principles of demand and supply are always the leading indicators to understand where the trend is heading next.
Looking at Bitcoin's chart, this applies perfectly. The price has been moving with relatively low volatility for over one week now. The moves may seem random, but they make a lot of sense at a closer look. The price tends to consolidate into tight ranges, which are tested frequently. Once a breakout occurs and fails, that is the signal that it will likely move in the opposite direction.
Once you break out the price action into blocks, it becomes easier to understand how supply and demand are distributing.
Remember, the price eventually chases liquidity, so take your position in the direction of the liquidity areas, and plan your risk management accordingly.
Trading such choppy market conditions may be stressful and frustrating. The good news is that automated trading may add more value to your portfolio, especially in these times.
And the wind blew, the earth split and it appeared ...The birth of BTC pumpkin. One dark dark evening, in a terrible 2017, when huge incomes of investors drove them to euphoric blood-strokes, it was born... Vegetable electronic evil , the king of margin calls, garden crypto ganster - BTC pumpkin.
With the right hand, it weakens the growing trend , and with the left hand it attracts with overbought stochastics, bear patterns and low volumes of bold sellers in the position ...and vice versa...
And no one knows peace from it for 3 years!
BTC Pumpkin's worst weapon is its mood. The bipolar disorder of this vitamin monster changes the mood every six months .
Will we see a new wave of BTC Pumpkin bad mood?
What is more terrifying, grater, blender or saw?
Today is the day when the crypto pumpkin knocks on the deposit house of every investor and says "treat or margin call?"
We hope you love sweets!
Can the BTC market free itself from the Pumpkin shackles? It remains to wait only six months...
P.S. Drug use is bad for your health and hampers your trading.
RISK MANAGEMENT : Not more than 1%Many traders would have you believe that a certain trade or indicator is the best way to manage your risk in the Crypto market. But the truth is, the best risk management strategy, is self-discipline.
Specifically, as a trader, you must never risk more than 1% of your total capital on a single trade.
The main reason for this rule is to minimize capital losses in case of harsh market conditions.
By adhering to this rule, you would need to lose 100 trades in a row to wipe out your account. You could even implement stop loss orders to further minimize such losses. Trailing stop loss has proven itself to be the life saver.
Thus, if you risk 1%, you should set your profit goal on each successful trade to 1.5 – 2% or more. When making several trades a day, gaining a few percentage points each day is entirely possible, even if you only win half of your trades.
Trading is about preserving your capital as much as it is gaining profit. By controlling your losses, you can endure tough market conditions and be ready for profitable opportunities once they appear.
Debate 'Safe Heaven' Bitcoins- Skyrocket Coronavirus nCoVid2019Hello my dear traders and friends,
As you can see the Bitcoins chart, the value has skyrocket in 2 months after the first major outbreak pandemic coronavirus on January 2020. People start to buy the bitcoins and the value increase towards the sentiment.
They thinking this bitcoins will be the safe heaven towards this pandemic. For the reason, if you move towards to other countries you can sell it online anytime.
This is their perspective which cause this element to bullish. For most people, they tend to see bitcoins can be really the safe heaven money.
In my opinions, the bitcoins is just only worth the credit and it against the fiat currencies towards the major Dollar. While Dollar also has decreased its value as what we can see the central bank trying to adjust so many times the interest rate and clearly they do not know what their doing.
It is a bitcoins that digital currencies which the value that something you do not own. It is just a value and with not many countries accepting the change towards the bitcoins currency. For the I put it bitcoins is a new currencies which we do not own physically but it is still a fiat currency that non-physical.
I just want to records this as my journal and put my ideas towards this currencies. Yes of course I do trade bitcoins but to the somepoint which I do not agree where this digital currencies is be in the sentiment that people look as describe the 'safe heaven' currencies. As what like we saw on the historical and let the history of the Dollar speak for itself.
For the past of bitcoins history, BTC also has got some major crash long time ago and this also happen on the fiat currencies as well.
WIll people purchase the BTC as long this pandemic coronavirus in the background ? Or is it just a sentiment only ? Will Bitcoins drop when all the sentiment towards the virus disappear?
As what I can conclude, this is just a trend. When the trend is over, people will less demand towards it. The price will drop and more event in the future caused it to be skyrocket as well. It is just a pattern.
By Zezu Zaza
BTCUSD Bullish momentum confirmationWhat a beauty move.
But be honest...who didn't saw that guys? Just need some manual draws on RSI(20).
RSI(20) breakout once, than confirmed twice.
Look what caused this on the candles chart:
What's next?
In the next 45 minutes (before the next 1H close) bitcoin will decide : which direction to keep before this weekend.
Be safe: it could be a big bulltrap before weekend - and whales could be tricky, thats why I'm preferred the a SHORT position soon near to 11k - hedging against current profitable LONG.
CONCLUSTION
* RSI(20) not only good for detecting divergences ( I've wrote a good article here ), but also good for finding the right momentum to entering a trade.
* Don't use '"trade and pray" strategy ... it's a noob's way. Better to entering into confirmed trend via the momentums.
If you have any technical analysis question - I will answering it today in the comment section!
How to trade Bitcoin with RSI in a bear marketHere's a few helpful tips I have learned trading RSI in a bear market.
Watch for trends and act accordingly. Open shorts at good entry points with a stop loss right above it. If your stop is hit, do not panic. Just admit you were wrong and go long/buy into the trend if the buying volume and price action is strong enough.
For shorting, watch for the RSI bounces. A first bounce below 30 RSI is your trigger point. The second bounce will usually result in a lower low and you can sell there to take profits.
Wait for your buy signal at 60 RSI again (or wherever your pattern fits) and repeat.
For the chart:
Blue boxes = short open boxes.
Red lines = set stop losses above each blue box.
Green boxes at first drop through 30 RSI = trigger boxes to get ready to sell.
Yellow boxes at 2nd bounce after 30 RSI boxes = short close.
Go long if stop is hit and if buying volume/price action is strong.
Four months up in a row plus breakout - Where next?Two plus points for bitcoin at the moment. First is that at this stage based on past performance it appears like stocks go down bitcoin stays level. If stocks rocket so does bitcoin. Win Win. Plus lots of hype about new entrants into the crypto market.
My belief - biggest threat to bitcoin future is in brand awareness, and adoption. The authorities will reward brand awareness and adoption. The authorities ultimately can control crypto liquidity and licensing. If the capitalization of brand awareness and adoption of a rival coin outgrows bitcoin you can be 100% sure that rival coin will target store of value next. For now crypto needs as much liquidity as possible to grow, and bitcoin the biggest brand name, and current bellwether of a whole new nascent industry appears too big to fail.