Cracking fractals on 5 minute chartTrading View would not allow me to make this chart public on 5 minute chart therefore I've shown it on 15 minute chart. Follow instructions below to reconstruct it on 5 minute chart.
Needs all Signal & MACD from 0< to >0 to (sources: high; close; low) & vice versa to span bullish (dark green)or all bearish (dark red) in Histogram, NOT ADVICE. DYOR.
CAVEAT: ONLY LAST TWO BULLISH RANGES ANALYSED
Btc!
Cracking symmetry on 5 minute chart
Trading View would not allow me to make this chart public on 5 minute chart therefore I've shown it on 15 minute chart. Follow instructions below to reconstruct it on 5 minute chart.
See the symmetry in this random signal generator (created on 5 min chart) NOT ADVICE DYOR.
Needs all Signal & MACD from 0< to >0 to (sources: high; close; low) & vice versa to span bullish (dark green)or all bearish (dark red) in Histogram, NOT ADVICE. DYOR.
Bitcoin comfort - S&P Historic Closing Week using MACDFor range construction see below. NOT ADVICE. DYOR.
FOR BITCOIN: Posted 3rd July
Weekly close outside of this range. What are odds of a trap
CONSTRUCTION
Created signal with two MACD's. One the default and the other customized. Start range when one MACD crosses to positive and close range when the next to cross to positive is the other MACD , and vice versa. Colored ranges represent different combinations of pairs. CAVEAT- small sample size. NOT ADVICE. DYOR.
Have superimposed MACD's over SPX chart.
Follow direction when weekly close breaks out of range. No whipsaw/trap so far. CAVEAT - small sample size. NOT ADVICE. DYOR.
FOR S&P: Posted 24th July
To the rescue: S&P 500 - 5th Historic Closing Week since 1871
Check out stat. SPX needs all Signal & MACD from 0< to >0 to (sources: high; close; low)span more than 6 WKS NOT ADVICE. DYOR.
Crypto Untapped Educational Series EP. 2: Drawing S/R LevelsIn today's episode, we review support and resistance as levels. We explain why price action moves the way it does via buyers and sellers and how to enter/exit based off liquidity in the markets. Enjoy!
DISCLAIMER: Investing into cryptocurrency comes with inherent risk including technical risk, human error, platform failure and more. Invest at your own risk. None of our content is to be construed as financial advice, we are a cryptocurrency education platform.
Rounded Top and BottomI am back with my new idea On chart pattern. Today, we will discuss about rounded Top and Bottom.
So Let's talk about rounded Top & Bottom . First of all i Made chart , You can see on screen.
This is >
(+) Rounded Top :
&
(+) Rounded Bottom :
The rounded bottom formation forms when the market gradually yet steadily shifts from a bearish to bullish outlook while
in the case of a rounded top, from bullish to bearish.
we can easily check signal of buy and sell.
The Rounded Top formation consists of a gradual change in trend from up to down.
The Rounded Bottom formation consists of a gradual change in trend from down to up.
This formation is the exact opposite of a Rounded Top Formation.
The rounded bottom formation forms when the market gradually yet steadily shifts from a bearish to bullish outlook while in the case of a rounded top, from bullish to bearish. The Rounded Top formation consists of a gradual change in trend from up to down. The Rounded Bottom formation consists of a gradual change in trend from down to up.
This formation is the exact opposite of a Rounded Top Formation.
Thanks you for your valueable time...
EW Analysis: BTC Is Losing Dominance, But Only TemporarilyHello traders and investors!
Today we will talk about Bitcoin Dominance and its wave structure from Elliott Wave perspective. We will also show you how it can be useful in analyzing XXX/BTC cross pairs with the help of EW.
If we take a look on BTC.D daily chart, we can see a sideways consolidation for almost a year which usually suggests a corrective movement, especially if we see a three-wave w-x-y drop in the first leg »a«. Well, we believe that BTC.D is unfolding a bigger bullish triangle pattern and current decline can be just as part of wave (c)/«c« that can find support very soon, ideally in the projected support zone around 64-63 area.
Be humble and trade smart!
If you like what we do, then please like and share!
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
Bitcoin stoked by SHComp & bullish state sponsored propagandaBitcoin stoked by SHComp & bullish state sponsored propaganda. NOT ADVICE. DYOR.
Since March 2013 these patterns only started in 2019Since March 2013 these patterns only started in 2019
In last 2 patterns 2nd month can dle ended green
All 3 had an ATR of 5 weeks and fifth week bar was red.
Also all had next green candle break out.
Will today 6 th July 2020 break out same with green bullish candle
NOT ADVICE DYOR
Kyber Network (KNC USDT) - Breakdown of Recent Trades I recently took two discretionary positions on KNC/USDT. In this analysis I've documented my thought process and execution sequentially from left to right in the call outs.
In these trades I used several methods of analysis.
1. Chart Patterns
My first trade entry was predicated upon a Rectangle Top Pattern I identified KNC forming. Rectangle Tops occur during bullish up trends and when the overall market is bullish, as altcoins currently are, they have a high probability of breaking to the upside.
2. Trend Analysis
Fundamental to my trading strategy is trading in the direction of the overall trend. Trading against the dominant trend is like stepping over dollars to pick up pennies. Using the Daily and 4HR time frame, I identified that KNC was above my Base Line indicator, therefore confirming a bullish trend and that I should be trading to the long side.
3. Target Measurement
For my initial trade I used Bulkowski's measurement method for Rectangle Tops, measuring the difference from Resistance to Support and adding that to Resistance. This proved to be successful, however my first trade ended up running quite a bit beyond my target. For this reason I used my primary method of profit taking, 50/50. I take 50% of my profit at a pre-determined level and allow the rest of my position to run to take advantage of powerful trends.
4. Indicator Support
Utilizing my ICYSbot indicator and strategy to help supplement entry and exit conditions.
5. Patience and Risk Management
I used a position sizing strategy where a pre-determined percentage of my account is at risk should my trade hit the stop loss. In this case, I personally used 2% risk per trade. I also did not rush these trades, I let price evolve and the trend emerge as it did. I attached no personal bias or feelings toward the trade.
Overall, quite happy with these trades. I hope this post was helpful in providing insight into how I view the markets and trade execution. Thank you for your support.
Trade safely!
Is this buy signal on 4hr Chart a trap? NOT ADVICE. DYOR.
Is this buy signal on 4hr Chart a trap? NOT ADVICE. DYOR.
CONSTRUCTION
Using triple MACD's based on high, low, and close. When all signal and MACD begin to switch to negative (open range) to when all negative (close range) = red box, and vice versa = green box.
Surviving The Market When You're Paid In CryptoETH/USD - Coinbase
Disclaimer: This is not financial advice and not a good speculative strategy. On the contrary, it's simply a "how to survive" strategy that is still not perfect and changing all the time. However my underlying chart and thinking has largely kept me safe from any MAJOR losses (knock on wood). I also drew this trend line several years ago. This base level trend has stayed in tact so I continue to use it as is.
This is an entirely neutral strategy intended to ensure you don't get "Rekt" when you make a full time living paid in a volatile currency. For me, all crypto has always been money. I have paid my rent in crypto, got paid in crypto, used crypto debit cards, and never use a bank outside using credit or loans. Banks are obsolete to me as soon as DEFI based credit is more mature.
This is not a perfect model and I'm still learning, making mistakes, and figuring out how to navigate this new financial reality every day.
Back Story
First a little back story. Since 2013 I have made a part time living on Crypto and since 2015 I have made a full time living paid in crypto. After taking a position at Coinbase doing Operations and Regulatory Compliance in 2015, I quickly began to adapt to this new all crypto life style. I'm now with district0x and have continued this journey even deeper. This required some hard lessons and exciting prospects. I have now been paid in DAI, BTC, ETH, Silver, NFTs, and every now and then other random assets. Volatility is life. 😎
The Nitty Gritty
The hard lessons ranged from, how easy it is to lose access to your crypto (Ouch 🤮), the market taking a nose dive right after payday because I forgot to move my money (📈📉), not to mention all the fees and costs associated with open finance and exchange. I quickly developed a significantly conservative outlook on my money management. I learned how to somewhat stabilize my income from volatile shocks in the market but I look at the losses as tuition paid for my education. A tough thing to swallow but so much cheaper than university. 🤷♂️
Basically I would live on Credit cards for the month, then cash out my earnings when the market was around the price I was originally paid so I can pay off credit cards. This was by no means perfect but my chart has never changed the entire time I have been in crypto.
I mapped out the base level uptrend and ignore all the bubbles. If I'm at the top or above the main trend channel I would cash out my checks and not rely on credit. If the market is on the lower end of the channel I would hang onto my pay. These days if I decide to keep some money in the market I ensure I have about half stable value and half BTC or ETH. This way if the market moves up, I have some and if it dips hard I can grab some more.
I also keep an eye on the long and short positions as well as overall volume using the paid indicator VPVR. If I'm paid in the middle of a liquidity gap I would immediate move money to a stable store of value like USDc, my bank account, and sometimes a DEFI app.
If I'm in a zone where the liquidity gap is filled in, creating support on the lower half of the channel, I would leave it. I have had the market fall losing a large part of my check but considering the market is in a milti year uptrend on the base level of liquidity, I just hold it until I have my pay back. Not ideal but it's worked for me as long as I'm patient, cautious, and conservative with my decisions.
While this is a neutral strategy, I do intend to go long depending on how the market moves but I am going to keep my crypto and stable coins at a 50/50 ratio for now so I can be okay with whatever direction the market moves.
Future plans
I will be using my stable coins to move into crypto if the market corrects back down to the lower half of the long term trend (Which it likely will). I will slowly scale into ETH and BTC as it hits the high volume zones and if the liquidity gaps fill in.
Usually if a gap fills, it becomes a major level of support or resistance so they make good points to scale in with any stable coins you have. I won't scale in until is hits the red line in the center of the uptrend. Then I will use 10-15% below the median range, another 15-25% if it drops to a lower range, 25-50% if it dips lower, and if we have a hard spike down into the lower blue channel, I intend to to go all in.
Anything above the base level channel I will likely be selling because "Sell when others are greedy, and buy when others are scared".
I will use a similar "scaling out" strategy like my "scaling in" strategy if we see another bubble. Considering I work in the industry I really am not a fan of the bubbles. It makes the networks more expensive, harder to use, and vulnerable to forks and other technical or political issues that makes development more difficult. I look at it like this, if one network inflates beyond usability, I get free money to apply towards another network I intend to also use as load balancing. I also can't wait for more solutions like Cosmos and Polkadot. Multi chain transactions are the future, especially if bitcoin and ethereum are so expensive only businesses can afford to use them.
Stay grounded when everyone starts to fly. The moon is a lie and made of cardboard and cheese 🧀📦
Developers are the new rock stars and the Dapps are the future of finance that we all should be using.
USEL don't HODL... 😎
Tutorial how to catch a signal $ftm as an example.When all indicators give buy signals together so this could mean a great pump or at least a good percent.
this is a sample of how all indicators give the signals together one by one.
the take profit action should once get sell signal from two signals at least or once you see that you got a good profit and you want to close the deal.
we use a 1H timeframe for our indicators.
thank you for reading.
Weekly close outside of this range. What are odds of a trapExample: Create a signal - doesn't matter how. Create a range. Use A.I. to minimize whipsaw by optimizing signal and range. Execute A.I. strategy using both traded options and futures. Simple.
CONSTRUCTION
Created signal with two MACD's. One the default and the other customized. Start range when one MACD crosses to positive and close range when the next to cross to positive is the other MACD, and vice versa. Colored ranges represent different combinations of pairs. CAVEAT- small sample size. NOT ADVICE. DYOR.
Have superimposed MACD's over SPX chart.
Follow direction when weekly close breaks out of range. No whipsaw/trap so far. CAVEAT - small sample size. NOT ADVICE. DYOR.
BTC - The Madness to my Method - Part 2Everyone's always talking about horizontal support levels, yet they're always moving targets or zones. I got fed up of it, and decided to dig in more. Turns out diagonal support and resistance levels are much more reliable, and they behave very much like the triangles you always see on traders' charts.
If you want more detail on this, you can check out my original idea on this linked below. What's different here is I have decided to get rid of the horizontal supports altogether. If you load new bars on my original idea, you'll see that BTC moved very cleanly bouncing between my diagonal lines, so I'm sticking with those.
This is my idea on how BTC might behave in the coming weeks. If you find it helpful, please Like the idea. Also would be great to Follow me so you can be notified of my future ideas.
Do you agree or disagree with me? Do you have any feedback? Let me know in the comments.
Disclaimer
No Investment Advice Provided
Any opinions, chats, messages, news, research, analyses, prices, or other information contained in this Post/Idea or in connection with it are provided as general market information for educational and entertainment purposes only, and do not constitute investment advice. This Post/Idea should not be relied upon as a substitute for extensive independent market research before making your actual trading decisions. Opinions, market data, recommendations or any other content is subject to change at any time without notice. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
I do not recommend the use of technical analysis as a sole means of trading decisions. I do not recommend making hurried trading decisions. You should always understand that PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.