Get started

Btc!

Double ZigZag Elliott Wave 4hrDouble three is a sideways combination of two corrective patterns including zigzag, flat, and triangle. When two of these corrective patterns are combined together, we get a double three Guidelines • A combination of two corrective structures labelled as WXY • Wave W and wave Y subdivision can be zigzag, flat, double three of smaller degree, or triple three of smaller degree • Wave X can be any corrective structure • WXY is a 7 swing structure
BITMEX:XBTEducation
by KidCrypto514
Bitcoin head and shoulders and how to trade themwanted to post this because I see so many people commenting on and trading these patterns "incorrectly." I put incorrectly in quotes bc I acknowledge that it's subjective. This is ideal from a risk/reward standpoint. Whether one is right or wrong really doesn't mean that much in trading if you make a lot more money when you are right than when you are wrong (or vice versa). The most important thing is risk/capital management and what chart patterns are good for is identifying levels of maximum profitability. I was influenced to make this post from a recent comment of Peter Brandt on twitter which seemed to confuse people but he is absolutely correct. His comment was "I have made my living since 1975 trading futures markets using charts My conclusion on chart trading: 1. Charts do NOT predict prices 2. Most chart patterns fail 3. Charts simply tell us where a market has been 4. The only value in charts is for trade/risk management"
COINBASE:BTCUSDEducation
by jthrasher
Psychology in trading. Manipulation of consciousness Bitcoin 666Bitcoin's main trend is upward. Which formed the ascending channel . Always trade with the trend. Decide in which trend you are trading and on which timeframe. Decide on strategy and risk management. Your first enemy is a lack of experience and knowledge. Your second enemy is greed and a sense of lost profits. You always have time to make money, the market will not run away from you, but money in the absence of experience and knowledge will run away. On a bull trend it is better to always work on the bull side; on a bearish trend , on a bearish side. Always follow the trend! Going against the trend is the same thing that falls under the locomotive and hoping that it will not overeat you, but will bounce off of you! There should be a strategy and plan. At the same time, your strategy and plan should be plastic from market situations. You need to not only know the rules of technical analysis , but also understand what and how and why it works. Knowledge of technical analysis and the psychology of the crowd will make you in trading - God. If you are like everyone else, then the result will be like everyone else. Those people who rely on quick profits without effort and time are doomed to give their modest deposit more smart and hardworking. For the minority to earn money, the majority need to lose money in the market. The more the majority plays according to the rules imposed by the minority, the more money is lost. Consequently, a minority earns. To earn, you need someone to lose! When a minority needs it, the rules of technical analysis stop working. The faith of the majority imposed by the minority destroys the mountains and minor minority deposits. In the game against the crowd, only time decides the question of when the average zeroing of the deposit in the average person will occur. Those traders who are sure that success depends on only one successful purchase, retention of the asset for a short time, and then sales are many times more expensive - are doomed to zero the deposit. This is what the majority think, which means that this is an erroneous opinion. Thanks to this majority faith, the minority earns. Trading is not only work - it is creativity and relaxation! Remember, trading is a game of probabilities . Who trades from the situation created in the market - earns. Who trades on the basis of what he wants - receives a loss. The crowd trades out of their desires, not market probabilities. The crowd always loses. Thanks to the thinking and desires of the crowd, we earn. There are no accidents, there are random patterns that must be understood and used. Coincidences are planned actions disguised as randomness. 369-27-669-27 3075-1170-1666-444-27-01-20 310-130-23-13-06-02-2020-13 371-27-671-27 Money is not the meaning of life, but a tool for life!!! Appreciate the time of your life in this world - this is really a limited resource . Time will pass, life will go. Have you been born in this world for a cut paper of money that you will never have in your desired quantity? Think it over. Also think about patterns. Why is it that everyone who wants to have a lot of money remains very poor. And the opposite is true - who does not pursue the amount of money, but does good deeds, receives fantastic amounts in a short time that the “supplicant” and “wait for money” will never receive for all their wretched existence. How to give such is not safe. The crowd with their desires is crazy and selfish. To give to such is tantamount to destroying them. The world is honest. Who creates - he receives. Most want to receive - but do not give anything in return. This is the secret of poverty. Understand the world, understand yourself - life will become meaningful, understandable and easy.
BNC:BLXEducation
by SpartaBTC
5
(Educational) Trade Management Life Cycle using ETHUSD In this video I cover some of the techniques I use for trade management. I rarely post about how I specifically manage trades. Enjoy! *Side notes* -2% of 10,000 is $200. I said $2,000 but then corrected myself :) -I stated I have probably haven't lost more than 5 consecutive trades. Honestly, I probably have but it has been a while. Due to my defensive trading nature it's more likely I would take a string of losses and break-evens, but rarely a large string of straight losses.
BINANCE:ETHUSDEducation
by krugman87
Price movement Vs RSIOkay so I have not paid too much attention to this in the past but just how fast does the RSI reset itself after a run into overbought territory? Well here is a good example of a comparison that can help us understand that the RSI does not necessarily have to drop with the candles and vice versa. The RSI went down a lot during a pretty flat area in price movement. So consolidation can also cause the RSI to go down over a period of time. The RSI drops much faster when the price drops but it isnt exclusively the only way that the RSI will drop. Consolidation can also cause this as well. Case in point is the chart with this analysis. I drew 2 rectangles. They cover the same span of time yet the RSI dropped a considerable amount while the candles remained inside of a tight consolidation pattern for the most part. I am still learning things as I go and I thought this would be a good piece of info to share with you all. I have long suspected this to be the case (consolidation can also cause the RSI to drop) I dont put too much weight on any single indicator alone but I do like to understand each and every indicator I use well. When the RSI gets high its considered "overbought" which is technically bearish. But I have seen the candles completely disregard the RSI and keep flying. Call it fomo or whatever you want but it happens. 2017 is a great example. Like I said I dont put all my eggs in one basket and the RSI is simply a single indicator I use that I combine with a few others to get an idea of the market direction. I do appreciate the RSI but I would never depend on any single indicator alone. But then again WTFDIK
Education
by UnknownUnicorn4304403
7
Some thoughts about Bitcoin (education)I have been watching the price movement of bitcoin and I consider a possibility that the current price action is a very rare pattern of the terminal impulse, which consists of 5 waves, but waves of a smaller degree form the 3-3-3-3-3 pattern. This is not 100% true until it is completed, and serious trading decisions should not be made on this basis. However, I decided to make this post for the reason that the fact of the formation of such a pattern is very interesting, because it is quite rare. Please, don't forget to like and follow. Thank you.
COINBASE:BTCUSDEducation
by chorny.capital
Ross hooks on the example of BTC.When confirming the trend + 22%Ross hooks on the example of BTC / USD. With the continuation of the trend + 22% I decided to combine a teaching and trading idea. As we see from the story, after detecting the 1-2-3 pattern, Ross hook worked twice in a row. Perhaps it will work out again, or at least partially move, provided that the line of the local uptrend is not broken . I marked the area for observation on the graph. It is also very important to observe the volume if the line of an uptrend is broken without a significant volume - a high probability of a false breakdown. As for me, there is a high probability of her breaking through. If the price breaks the uptrend line on the seller’s volume and consolidates below it, a good entry point to the short one. But if we assume that the price cannot break the line of the upward local trend and the upward movement continues , then we are at point 3 of the entrance using the Ross hook trading method. Maximum potential + 22%. I will describe this trading method in more detail in the next part of this article. ____________________________________________ Pattern 1-2-3. Joe Ross claims that you can successfully deal with market chaos on the basis of simple patterns that are inherent in the market and will always manifest themselves, regardless of how many bidders will know about them. Ross hooks are a pattern so named for its resemblance to a climber’s equipment. Initially, Ross used his strategy in commodity markets, and when the era of electronic trading began, Ross Hooks, with some improvements, appeared in the arsenal of trading strategies in other markets. The so-called 1-2-3 pattern, according to the writings of Joe Ross, is a reversal formation, that is, it determines the point of a trend fracture. Ross Hooks strategies apply only if there is a trend. With lateral movement (flat) they can not be used! Tracking shape is easy to track. With a trend movement, internal fluctuations occur, forming local minima and maxima, each of which is lower than the previous ones. In the case of the bullish version of the 1-2-3 pattern, after the formation of the next minimum in the conditions of a downtrend (it becomes point 1), a new maximum is formed above the point of the previous one, that is, there is a trend violation - this is point 2. Point 3 becomes the next minimum if it is formed above point 1 - in this case, the formation is considered completed and becomes the first evidence of a trend fracture. The bearish formation is formed in the opposite way - after the formation of maximum-1 on an uptrend, a new minimum-2 is obtained below the past extremum, breaking the trend. After that, the next maximum-3 is formed at a level below the previous one. This formation, whether bearish or bullish, is considered an indicator of a possible change in trend. ____________________________________________ Ross hooks. Efficiency is simplicity. The formation of a 1-2-3 pattern is considered the first stage in Joe Ross's trading strategy. After it begins the second stage - the formation of the Ross hooks themselves. They represent new extremes on the emerging trend. Subsequently, after the first, several more hooks are often formed, as in the example on the BTC / USD pair, which are nothing more than a series of successively updated extrema on the new trend. Each such figure can be considered a new entry point for position gain. But be sure to follow the trend itself and its strength. ___________________________________________ Ross hook Trading - Features and Rules: 1) A characteristic feature of the Ross Hook is the impossibility of a bearish (bullish) trend to reach the next peak price value, followed by a correction. 2) To apply this strategy, it is enough to have at hand the standard set of MT4 or Tradingview tools (any other trading terminal is also suitable). 3) The strategy is applicable only on trend movements (Ross Hooks appear in the initial stage of the trend). 4) To see Ross Hooks on a bull trend, you need to identify the previous bearish trend (and vice versa). 5) The recommended ratio of stop loss and take profit is 1: 2 or 1: 3 (fixed). 6) You can open positions after closing the 3rd sliding candle. 7) Additional signals - stochastic, moving average, Bollinger bands, etc. 8) Using the Ross Hook indicator, you can simplify the task of finding the necessary graphical models. If there is no indicator, you can use the usual ZigZag indicator. ______________________________________________ TARGET for working with the Ross hooks formation. The goals for the development of the Ross hooks formation in the Bull and Bear Market. The goal sets the distance from the level of point 1 to the level of point 2, pending from the level of point 3. Stop Loss is set lower / higher depending on the trend of the bull / bearish level of point 3. Cured Stop Loss is set based on the volatility of the trading instrument. It is worth noting that this is the minimum goal. If the price goes in your direction, you can stay in the position, but do not forget greed - it creates poverty. In this option, be sure to move Stop Loss as the price rises, but take into account the volatility of the trading instrument. ______________________________________________ Tips for traders from Joe Ross. There are recommendations given by Joe Ross aimed at successfully putting his strategy into practice. By following them, traders can avoid common mistakes and increase the profitability of their trading. Joe's recommendations should be heeded - despite his venerable age, he still continues to actively and successfully trade on exchanges, combining this work with teaching. The decision to enter the market: 1) You do not have to wait for the price of a losing trade to turn around in the direction you need. No need to incur losses to prove their case. Moreover, one should not increase the unprofitable position. The best solution would be to exit the position and accept your own losses, as they are inevitable in stock trading; 2) Before opening a position, you need to determine the levels of stop loss and profit based on the market situation, and not based on the size of your personal deposit. If the stop to be set according to the strategic calculation is too large for the trader’s account, you should forget about opening a deal; 3) The decision to exit the market should be based solely on changing market circumstances. The market has its own character: 1) Do not enter the market during periods of excessively high volatility - the pursuit of large profits does not always end as a trader would like. 2) Not all bear market strategies are bullish; 3) For each type of market (growth, decline, flat) you need to have your own "trading menu"; 4) A canceled buy signal may be a sell signal (and vice versa); 5) It is always easier to lose money during trading than to make money. About the impact of news: 1) Today’s news is best viewed tomorrow. The news becomes irrelevant and does not interfere with focusing on your trading plan. 2) If the reaction to the news from the market was not instantaneous, perhaps it will follow in the future and will have a more serious scale; 3) If the market did not respond to the news instantly, then it can be important. Time factor: 1) To increase the likelihood of a successful transaction, it is necessary to enter it with a little delay, and exit without waiting for the change in profitable movement; 2) When the crowd enters the deal in full force - it is time to leave it. How to accompany the deal. 1) Trade must be constantly monitored. There should always be a plan B, in case of a decrease in balance; 2) Do not confuse confidence with self-confidence. If you have a feeling of anxiety, you just need to close your positions, and after a while you can continue trading with a cold head; 3) Success is not a single transaction, but a successful series; 4) The best way to stop trading at a loss is to take a break and rest. The signal may be three transactions with losses; 5) If a series of losing trades is delayed, it is worth taking a break. This will allow you to collect your thoughts and, possibly, turn the tide. ____________________________________________________ The conclusion on this strategy is to trade Ross hooks. Ross hooks are not just a pattern - this is a full-fledged authoring strategy from a well-known trader based on the use of technical analysis when trading in a trend. In fact, the hooks themselves are a series of successive local extremes that are characteristic of a trend price movement. It is important to remember that this system does not work with lateral movement, which is why for its use it is important to be able to qualitatively determine trends and the prerequisites for their change.
Education
by SpartaBTC
2