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BTC-M

Stoploss EducationOne of strong topics i want to write about it for long time ago TYPES OF STOPLOSS 🛑 : MANUAL AND AUTOMATIC FIRST / Manual Stoploss : Trader wait for the candels to close below support for exit not just hit it ! Example for manual stoploss : Most common using 15min - 1H - 4H - 1D - 1W candels closing below support area ..it can also used in alot of timeframes Advantages Of Manual Stoploss : – The best for investors and long term traders – Best in spot and small leverage trading – Coins didnt moved yet and still in accumulation phase –Avoid manipulation by market makers ...alot of times market makers will try to hit stoploss by wick or flash drop then price get recover fast after,, This move is very common in certain areas and push the weak hands outside of market by loss SECOND / Automatic Stoploss : Trader set Automatic stoploss in exchanges Advantages Of Automatic Stoploss : – Good for short term traders (fast food) – Best in high leverage trading – Coin pumped high in short time you follow your position by keep moving your stoploss continously –good in high volatile coins (example in these days : doge - xrp 😁) For myself most of times i use the first one manual stoploss What about you ...what do you prefer ?
BITSTAMP:BTCUSDEducation
by Babenski
40
How to Become Trading Hamster!Let's consider the typical hamster's behaviour with the example on a chart. Usually hamsters want to obtain a big profit quickly. They heard about huge opportunities which crypto markets can give and looking for the big pumps. (1) When the price starts to grow rapidly hamsters usually wait for the confirmation that the pump is real. On this phase hamsters are not believe that the price growth will continue. (2) The price pump continue and the hamsters execute long position because they afraid to miss the opportunity. (3) When the price start to go down hamsters panic and exit their long positions. This is the first point when their lose money. (4) If the price growth continue hamsters think that they made a mistake of early exit and re-enter long position. (5) But the next candle shows the price drop again, hamsters are nervous but decided to wait the growth. (6) After the dump the price moves up again and hamsters are happy that they did not close the position. (7)The price drop again more dramatically. Hamsters close position because of the fear to lose more money. To sum up, hamsters are driven by emotions, greed and fear. I have already told that to follow the trading strategy is the main way to suppress negative emotions. DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions.
Education
by Skyrexio
4
Bitcoin Psycology Cheat Sheet "Popped The Bubble"Traders should print this cheat sheet out and keep it by their desks! You can save this cheat sheet using Like and Bookmark features! Reason why I wrote this post, is tremendous amounts of Bullish signals in @TradingView community, just take a look at front page and first pages of Ideas tab. IMHO this is signal of "Back to Normal" phase and we are appoaching big crash event during 2021/22. Stay safe and be humble! Best regards Artem Shevelev
Education
by ArShevelev
75
How much volatility is too much ..?No one likes dead markets, they are boring and no one can make money..! On the other hand, Volatility is the double edged sword in the market, the best time to make money and lose it at the same time..! January 2021 with 19 trading days was one of the most volatile markets I’ve ever seen. Craziest things happened in GameStop, is only comparable with Bitcoin performance on 25 November 2011 when Bitcoin opened at 2.50 soared to 15 and closed at 2.75 finally which was 1000% roller coaster..! My point is, this is not the first time and wouldn’t be the last time something like this happen. Read the history of Tulips bubble 400 years ago, when there was no social media and online trading. There are lots of gamblers and people who trade stocks and many other asset class like lottery tickets, and everyone knows it won’t have many winners..! To wrapping it up, It is a good time to learn an important lesson for all traders, to learn more about the nature of this kind of moves and use it in our advantage! Like professional surfers who are chasing Mavericks to enjoy an exceptional experience..! Yet, every surfer should be aware this could cost them their lives!!!
NYSE:GMEEducation
by Moshkelgosha
13
Elliot Waves Complete Guide | Chapter 3.3 - "Running, Contract"Hello Traders. Welcome to Chapter 3.3, where we talk further about a different form of corrective waves, the Flat and Expanded correction. In chapter 3.3 I discuss the last of the types of flat corrections! Here, we will also dissect the contracting triangle, also known as the symmetrical triangle by many traders. Chapter 3 Glossary: 3.1 Zig-Zag Waves 3.2 Flat Correction , Expanded Flat 3.3 Running Flat, Contracting Triangle 3.4 Barrier Triangle, Expanded Triangle 3.5 Double-Three 3.6 Triple-Three ----- Running Flat The is the last type flat correction: the running flat variation. It is the least common one, but has the same 3-3-5 structure. This one is hard to spot because a rising wedge is usually considered bearish for many and the last wave is where you will find the confirmation. For these, you want to trade the breakout. Rules: • Wave B ends above the beginning of wave A • Wave C ends higher than the end of wave A • Usually wave C is the same length as wave A. → This kind of correction happen in really strong and fast markets, especially Bitcoin. The fast and high push of wave B and the short wave C are signs of a strong primary trend. A parallel channel regularly marks the low of wave C, marked by the yellow lines! Contracting Triangle Triangles represent a balance and even pressure of buyers and sellers within the market. They contain five overlapping waves with a 3-3-3-3-3 structure. The contracting triangle represents the most frequently appearing. Rules: • Triangles have 5 Waves: A-B-C-D-E • All of the waves are corrective • Upper line is declining, lower line is rising • Wave E frequently overshoots the trendline and can also be a triangle • Triangles only occur as a Wave 4/B/X/Y • Never as a Wave 2/A ❗Triangles represent a continuation pattern for the dominant trend. Remember, continuation patterns are the main trend!
BITSTAMP:BTCUSDEducation
by XForceGlobal
31
Don’t try to catch the falling knifeToday’s sell-off across most crypto assets has caused some concerns about the continuation of the altseason. We’ve decided to check what Hybrid Intelligence thinks by posting the usual question about BTC dominance: “Bitcoin crypto market share settled at 63.85% at 12:00 PM UTC on Wednesday, January 27. Will Bitcoin's market share climb above 65.13% (+2%) earlier than drop below 62.57% (-2%)? (forecast 51-100% - bull scenario. 0-49% - bear scenario)” ------------------------------------- Assurance: 42% This is a rather uncertain indicator. After falling for 3 weeks, BTC dominance found support around 62.5%. The Hybrid Intelligence view is slightly more pro-Bitcoin than last week (it was 31%, i.e. in favour of altcoins), but it’s not a decisive signal. To check how the overall market will perform, we’ve asked the following question: “The cryptocurrency Market Capitalization settled at 895.15B USD at 12:00 PM UTC on Wednesday, January 27. Will the Market cap climb above 962.3B USD (+7.5%) earlier than drop below 828B USD (-7.5%)? (forecast 51-100% - bull scenario. 0-49% - bear scenario)” ------------------------------------- Assurance: 24% This is a bearish signal from Hybrid Intelligence. Yet by the time the indicator was ready, the market cap already declined significantly — and then rebounded. It’s best not to try catching the falling knives. Even after a sharp drop, prices might go down further so it’s probably safer to wait for confirmations that the local bottom was reached.
CRYPTOCAP:BTC.DEducation
by Cindicator
2
How to correctly write comments in Tradingview?If you publish ideas or often look for an interesting forecast in Tradingview - you should have noticed such a phenomenon as "comments" . Especially often you may notice laudatory comments when traders are happy with the forecast work out. Of course, laudatory comments, thanks and kind words are great. However, did you know that there are different styles of responding to such comments? We decided to dig deeper into this folklore from trading and offer you options for answers to laudatory comments. So. In order to find a solution, we must first divide the big problem into smaller ones. Therefore, we classify the types of laudatory comments into categories: 1. Lazy praise of the first level: + like Nice Cool Great Wow 2. Lazy praise of the second level: ++ good idea nice analysis Well done Great setup 3. Selfish praise: Nice chart! Please update Very good! Do you think that price is going to target today? Amazing setup! Please do idea according to the following list Nice chart - please look at my idea 4. Emotional praise It's just incredible! I was sitting near the laptop in despair and seeing your idea I realized it was time to act! It was scary, but I took matters into my own hands. And luck was smiling on me! I took a big profit, thank you! Let the sun shine on you more, and the birds always sing you songs and write the word "champion" in the sky with their bodies. Thank you for changing my life! 5. Guerrilla praise. Unfortunately, this kind of praise is the least researched by us. However, it is most used among users. Its essence is to never show your positive feelings towards the author and always keep everything inside. 6. Constructive praise. It usually happens after ideas which perfectly worked out, clear, concise and fair. If we're clear with the types of praise - it's time to work out options for responses to praise : Lazy first level answer: ;) thk + yes ok Lazy second level answer: Thanks you’re welcome let’s see Lazy answer with friendly notes: Thanks mate thank you buddy thanks for comment my dear friend Answer with question: Do you think the price will really reach the target? What about the level 220? Do you think the bulls will have enough strength to keep the price? This answer is usually aimed at continuing the dialogue with the interlocutor. Though, if the interlocutor wrote a lazy praise of the first level (see above) most likely the dialogue will not be constructive) Aggressive response (very often practiced by scalpers) I hate you buddy, but thanks Are you high? The idea is not good, the idea is PERFECT! I will find you and kiss you to death for such a pleasant comment Often such ideas provoke interesting discussions in the comments, which should be read only with popcorn. Philosophical answer: Strive not for success, but for the values it gives. The hardest thing is to start acting, everything else depends only on persistence. 80% of success is appearing in the right place at the right time. Victory is not everything, everything is a constant desire to win Don't you know the main law of physics? Everything cool costs at least eight bucks. (south park) The first part of our scientific work on commentary is coming to an end. It was interesting and exciting for us. We hope the information will be useful guide for you. We suggest you save this idea as a lifehack and add options that we missed or sections that we did not find. P.S. we are waiting for your laudatory comments)
BITSTAMP:BTCUSDEducation
by P_S_trade
36
Elliot Waves Complete Guide | Chapter 3.2 - "Flat-Expanded Flat"Hello Traders. Welcome to Chapter 3.2, where we talk about another form of corrective waves, the Flat and Expanded correction. In chapter 3.2, we will be discussing Zig-Zag waves. This is where most people will get "chopped" up in the market, as these corrections can often cause a lot of small panics within these corrective waves. These corrections more often than not, destroy traders. If you learn even the basics of corrective Elliot Waves, you can use them to your advantage to identify if we are in a fakeout and identify whether you are in a corrective pattern or not. Chapter 3 Glossary: 3.1 Zig-Zag Waves 3.2 Flat Correction , Expanded Flat 3.3 Running Flat, Contracting Flat 3.4 Barrier Triangle, Expanded Triangle 3.5 Double-Three 3.6 Triple-Three ----- Flat Correction The Flat correction is probably the second most common corrective pattern and always has a 3-3-5 structure. This can be a very confusing pattern for many as it's also known to cause a lot of losses for intraday traders - it's AKA a "choppy" market period. As wave A is not five-waved and powerful enough, the retracement of wave B is considered strong. There are rules to this! 📌Rules: • It's a sideways movement - Wave A and Wave B are corrective. • Wave C is impulsive, but does not go much below Wave A. • Most of the time, Waves B/C go some degree above or below of Wave A (just to trick people into believing a breakout occurs, hence, choppy!). • Although it is called the Regular Flat Correction, it is not the most common one and the second most common consolidated corrective pattern. ❗The ABSOLUTE most important thing is to just observe in corrective waves unless you are a true day trader. Otherwise, watch for overall market structure to avoid overtrading in corrections since these are the most trickiest. Once you achieve an overall picture of the structure (about 70% through), you can start considering on entering a position to increase your probabilities and risk of not over trading. Expanded Flat The Expanded Flat is the second most common one under the flat corrections. Confused already? Go back and re-read everything. • Expanded flat is a corrective wave pattern with an extended wave B, which reaches higher than the start of wave A. • Wave B makes a fake breakout above the last high. • Wave C is also extended and goes deeper than wave A. • Structure of the correction is 3-3-5. 📌Rules: • Wave B ends higher than the beginning of wave A • Wave C is considered an impulse or ending diagonal and ends lower than the low of wave A. ❗ Wave B/C over and over again catch traders on the wrong side, as fake breakouts take place just before the market turns. This in turn creates a lot of traders to get destroyed in the market! Trade Safe! Below are the chapters from 1-3.1!
BITSTAMP:BTCUSDEducation
by XForceGlobal
29
Psychology For AllLet's face it COVID has been challenging for many people and someone reading this might need a pick me up! This is a different post related to the noise coming from the media. I am here to share three stories related to trading and investing... stories of success trusting your gut not the noise. My Bitcoin Story... In 2017 I tried the online game second life, not by choice but was doing research regarding the construction of these virtual communities. A player showed me how she was building homes for people and being paid in Bitcoin. I was blown away and was always searching for a side hustle. I began to build and collect BTC as a hobby and something I began to enjoy (always was a gamer..still am lol). I was fascinated by the DW at this same time. I did not invest in stocks and did not even have a trading account at this time... only GIC... I only bought and received bitcoin. I never ever thought Bitcoin would appreciate the way it did. Since then I sold my BTC at 18,000. I have bought back twice since then once in 2019 when it went oversold, and again during the COVID sell-off. FYI I am out for now but still own my second life coins I cherish as a memory now. A year or so ago, the motley fool paid service issued a "sell" alert on TSLA when the share price was around $175. Anyone familiar with the Motley SA services knows it is pretty rare they issue a sell alert in the paid services. I sold my shares a year and a half later for over $1,000 before the split. Citron, here is a story. I have owned many shares of Shopify since the beginning as I felt I knew this area well. At around $190 Andrew Left short Shopify “Left is so convinced that he is right about Shopify that Citron has pledged to donate $200,000 to the Robin Hood Foundation, a charitable organization if Shopify is trading over $200 in 12 months.”.... lol my shares are in a better place now well over $1,100. These guys play dirty do not listen to any free information. Still have yet to see the donation... My biggest gains have always involved some Pepto and lost sleep. It is always easy to look back and pump your ego but I look at my journals and this was far from the case at those exact times. Think outside the box, trust the process, and most importantly trust yourself over everything and everyone! People will always hate on you if you win or lose. Sadly jealousy is the most overused emotion. “Failure will never overtake me if my determination to succeed is strong enough.”
NYSE:SHOPEducation
by KML6
Understanding Market Cycles and PhasesUsing Bitcoin as a example, in this idea i am going to briefly explain the concept of Market Phases in a easy to understand way. Market Cycles & Phases Cycles are prevalent in all aspects of life; they range from the very short-term, like the life cycle of a insect, some which can live a few days, to the life cycle of a planet, which takes billions of years. All financial markets go through the same phases and are cyclical. They rise, top out, drop, and then bottom out. When one market cycle is finished, another begins. The problem is that most investors and traders either fail to recognize that markets are cyclical or forget to expect the end of the current market phase. There are 4 key phases in a Market Cycle: 1. Accumulation The heavy buying phase before the uptrend begins. 2. Mark Up/ Re accumulation Mark Up is the uptrend, Re accumulation phases are sideways pauses in the uptrend where more buying occurs before continuation of trend. 3. Distribution The heavy selling phase before the downtrend begins. 4. Mark Down / Redistribution Mark Down is the downtrend, Re distrubution phases are sideways pauses in the downtrend where more selling occurs before continuation of trend. Trend The dictionary definition of trend: *a general development or change in a situation or in the way that people are behaving. In financial markets the direction the price of a asset is moving is referred to as the trend. Markets are made up of several different kinds of trends, and it is the recognition of these trends that will largely determine the success or failure of your long and short-term investing. There are 3 key trends in Markets: 1. Bullish (upwards, buyers in control) (higher lows, higher highs (HL, HH) The Mark Up phase is an uptrend or bullish trend. 2. Bearish (downwards, sellers in control) (lower highs, lower lows (LH, LL) The Mark Down phase is an downtrend or bearish trend. 3. Consolidation /Sideways (sideways, direction & control undecided temporarily) Re accumulation & Re distrubution phases are consolidation phases or "pauses" in the market before continuation of trend or reversal. It is essential to understand Market Cycles, Phases & Trends, which are important behavioral characteristics of how price develops over time. By fully understanding these concepts and how one can identify them, a trader or investor can generate more opportunities, secure a longer term plan reducing stress levels, and potentially maximize profits. Once a asset has already moved on from the Accumulation phase the next best buying opportunity is the Reaccumulation phase (marked in yellow) where price usually starts to zigzag in a sideways movement after a strong upwards movement. The Reaccumulation phase is where the price is usually "held down" by large transactions, while buyers fill positions, eventually the price can no longer be held down and we see the continuation of the Mark Up. If you found the idea informative you can show your appreciation by leaving a like or comment thank you!
Editors' picks
BNC:BLXEducation
by Worth_The_Ri5k
127
Bull flags explainedBull Flags are one of the most well known & easily recognized chart patterns. The most important factor in identifying any flag pattern is the clear "staff" or "flagpole"; there should be a straight run upwards leading up to the pattern or it is not a valid pattern. After the straight run upward price starts to Zig Zag between two converging trendlines forming a tight wedge (it can be slanted, or even symmetrical) until the price "breaks out" above the upper trendline signifying a possible continuation in trend upwards. Bull Flags have the highest success rate out of any pattern and work extremely well when paired with long term support & resistance areas. Enter at the invalidation point of the pattern (A), second entry on the bullish retest (B). Pennants that are “tighter” have higher success rates, look for patterns forming on top of long term resistances (not below) to increase probability of success also. Pattern height is measured and added to swing low before breakout for possible target. Sometimes large size traders can generate liquidity by faking out under the pattern support as we can see on some of the examples. The liquidity generated by triggering stop losses underneath the pattern can fill large position sizes for whales and is a good indicator for a long position once the price confirms support back inside the pattern.
Education
by Worth_The_Ri5k
📖 A Guide to RSI Divergences - By Trading-GuruIn this guide I will walk you through the three main different kind of divergences and explain to you how you can spot them. I also show you the extreme power RSI divergences have by looking at BTC/USD and mark them on the chart. It's quite special to see all these three kinds immediately after another, and it's really nice to see them all working out here as well. Obviously, no signal will not provide a 100% success guarantee. But this text-book example on the BTC price showing how they work out every time is great for both learning and profit taking. It can be very hard to trade an asset that has seen such immense growth and nearly vertical upwards momentum. Using RSI divergences you will still be able to predict price reversals and trade successfully. So let's take a closer look at the three different forms of RSI divergences that I cover here on the chart. Exaggerated Divergences Exaggerated divergences are similar to regular divergences, but are considered weaker and less predictive variations. The term exaggerated refers to a circumstance where either the oscillator or price makes an equal high or low. Regular bullish divergences and regular bearish divergences both have two exaggerated variations, so there are four exaggerated variations in total. In this case we look at a bullish version where the price is consolidating the but the RSI shows an increase in momentum. Hidden Bullish Divergences A Hidden Bullish Divergence is considered a continuation signal in an uptrend. It refers to a circumstance where an oscillator reading falls down below its previous low, while price is still higher than its previous low. Hidden bullish divergences are most likely to occur in the middle of an uptrend – often after a healthy pull back – and indicate that the uptrend will most likely continue. The starting point of a hidden bullish divergence should be a clear swing, not just a red candlestick. Regular Bearish Divergence A Regular Bearish Divergence is considered a strong reversal signal in an uptrend. It refers to a circumstance where price rises and makes a higher high, while the corresponding oscillator reading is still lower than its previous high. Bearish divergences are most likely to occur in strong uptrends and signify that upward momentum is weakening. A reversal – or at least a pull back – is then expected to follow. Regular bearish divergences also appear in exaggerated form. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
BITFINEX:BTCUSDEducation
by Trading-Guru
25
EDUCATION: PitchforkHello, dear subscribers! Today we are going to consider a very important tool of trend trading - the pitchfork. What is the Pitchfork? The pitchfork is the variant of the trend channel. The difference is that pitchfork has an inner additional channel inside the big main trend channel. The median or the centraline divides these channels in to two parts. It is commonly known that the price usually tends to vary in the upper or lower pitchfork half. Thus the price can often find support and resistance next to resistance, support and central lines. Support, resistance and breakouts When the price breaks through the central line the price changes the half of the pitchfork. Sooner or later there will be the massive brakeout as a result of which the price escape the pitchfork. In our example the price broke through the resistance line and found the support above it. If the price has an attempt to return back to the pitchfork and this attempt was rejected we can expect the massive price growth. Trading Let's talk about the trading opportunities into pitchfork. We should observe carefully the monents when the price is next to the resistance, support or centraline. If there is a confirmation of the bounce off it the position should be executed in the direction of this bounce. DISCLAMER: Information is provided only for the educational purposes and should not be used to take action in the markets.
Editors' picks
Education
by Skyrexio
39
One Trillion Market CapI've been curious as to what players would be involved to have the Crypto world have a one trillion dollar market cap. Looking at the top 20 coins, it looks as though we sit around $600 Billion, so less than a doubling of the current market. I truly believe the "FOMO" hasn't even arrived in the market and once they catch on that we'll see the trillion dollar mark by at least the end of 2018, if not earlier. The Crypto players that will be a part of this will involve a handful picked out from the top 20. 2018 will not only bring new dollars into the arena, but will also separate the good coin from the bad. Something has to give in regards to having a couple of thousand coins...mostly fluff coins with no apparent reason to exist other than to scam and tarnish the good products here. The former big three (BTC, ETH, LTC) will still be around, along with some new comers such as XRP, MON, IOTA...however, in what capacity they contribute to that trillion dollar market cap will be the interesting thing to watch as 2018 progresses. Happy trading!
BITSTAMP:BTCUSDEducation
by thinzman
2
Elliot Waves Complete Guide | Chapter 3.1 - "Corrective Waves"Hello Traders. Welcome to Chapter 3, where we talk about corrective waves. In chapter 3.1, we will be discussing Zig-Zag waves. The zig zag wave is one of the common of patterns in corrective Elliot Waves. Many of us see this on a daily basis, but did you know that there was a meaning behind all of the fluctuations in the price action? Chapter 3 Glossary: 3.1 Zig-Zag Waves 3.2 Flat Correction, Expanded Flat 3.3 Running Flat, Contracting Flat 3.4 Barrier Triangle, Expanded Triangle 3.5 Double-Three 3.6 Triple-Three ----- We have to understand that markets also move against the trend of one greater degree only with struggle due to intraday traders. This is why Elliot Waves is another technique to organize the chaos within the market, as two forces are pulling in each direction regardless of how we want it to move. Let's talk about the MAIN important note for correction waves - they never have five waves. If they do, they are only a motive part of the overall corrective pattern. It's that simple. Corrections can be classified into two different classes of styles. There are the sharp corrections, which move sharply against the major trend. Their angle is rather steep. On the other hand are sideways corrections, they don’t retrace much in price, but can take a long time to finish. Apart from the two styles are in general three correction pattern: • Zig-Zag (5-3-5) • Flat (3-3-5) (regular, expanded, running) • Triangle (3-3-3-3-3) (contracting, barrier, expanding and running) Combination of these pattern form either a double three or triple three correction. These prolonged corrections are separated by a wave X. All of these will be discussed in the following chapters. Zig-Zag Patterns A single Zig-Zag is a simple three-waved corrective movement which is labelled as an ABC wave. It’s structure is 5-3-5, and the top of wave B is noticeably lower than the start of wave A as shown above. There are rules to this. If you are still not sure of what we are talking about, you need to go back and review chapter 2. Rules: • Wave A has to be a motive or diagonal • Wave B can only be a corrective pattern • Wave B has to be shorter than Wave A • Wave C has to be an impulse or ending diagonal along the way This is the most common corrective pattern in Elliott Wave Theory and is usually a sharp correction within a descending wedge structure. For those not able to see it from an Elliot wave perspective, most traders can identify this pattern as a pennant continuation pattern. But the chaotic movements inside can be organized via Elliot Waves. The length of wave C is between 100%-161.8% of wave A. Zig-Zag corrections appear most of the time as a wave 2 only, but are also very common as a connective wave in more complex corrections like a double as shown above! Occasionally Zig-Zag corrections will occur in two, sometimes even three times in a row. This happens usually when the first Zig-Zag does not correct far enough from a price action perspective. ❗If a double Zig-Zag occurs, the single ZigZags are separated by a three-waved reactionary move, which is labelled as Wave X and is always corrective on the way down. Note: Zig-Zag corrections often fit into a parallel channel! It is drawn between the highs of wave A & B to determine the end of wave C. Thank you! Trade Safe.
Editors' picks
BITSTAMP:BTCUSDEducation
by XForceGlobal
60
EDUCATION: Logarithm Growth Curve Hello, dear subscribers! Today we are going to examine very simple and intersting instrument which is applicable for the global price movement analysis. The logarithm growth curve is based on Fibonacchi retracement levels. As it is known the Fib retracement based on swing high and low levels. But in case of growth curve we use the logarithm scale to take in account the periods of the fast growth (to the moon periods). The price usually faces with difficulties to break through the Fibonacci levels. We can notice massive pullbacks near these levels or the price growth in cases of breakouts. Let's consider the current situation on the Bitcoin market. There is a rejection of 50% Fibonacci level. Now we should observe if the price break through this level or the drop began now. If the first scenario occurs we can see a massive growth to 61% or 100% Fibonacci levels. DISCLAMER: Information is provided only for the educational purposes and should not be used to take action in the markets.
BITSTAMP:BTCUSDEducation
by Skyrexio
6
EDUCATION: Rising Wedge PatternHello, dear subscribers! Today we will continue to consider the chart pattern. The risisng wedge is the topic of this article. We can see the rising narrowing wedge formation when the scatter of highs and lows is decreasing during the time and price make higher highs and higher lows. There are clear support and resistance lines which have different angles of slope as you can see on the chart The rising narrowing wedge is usually described as the bearish pattern but in practice it is not always true. In fact the direction of the breakout is the most important evidence for the price movement prediction. In this example we can see the break through the resistance line and the massive price pump. The breakout can be fake, in that case the price returns back to the wedge. If it is true breakout the price can make an attempt to return back but there is a rejection as you can notice in our example. DISCLAMER: Information is provided only for the educational purposes and should not be used to take action in the markets.
Education
by Skyrexio
Stop trading demo, I tell you why.Those traders who argue that you should practice with virtual money until you see that you win, ignore the most important aspect, and I repeat, most important of trading, which is the mental. There is no use for you to earn fake money if then you get so nervous when you risk your money that you end up losing it. There is a click, a change at the subconscious level that makes the person who operates in a demo account and the person who operates in a real account, to be different people. As you learn, you should familiarize yourself with the sensations surrounding trading. The fear of losing and the greed to win more will make you stop following the rules and end up self-sabotaging. The biggest enemy in the market is yourself. The path of the winning trader is not based only on having an acceptable strategy. It goes much further and transcends those superficial aspects. I'm going to give you a very simple example: imagine that you want to master the skill of public speaking because you have a presentation in two months in a pavilion of 50,000 people, and you get a course to learn to express yourself in public. However, you decide to put this knowledge into practice with puppets or stuffed animals, rather than real people, and you keep practicing until your intonation and gestures seem perfect. You have the feeling that you are going to make an extraordinary presentation. The months pass and the day arrives. Since you have woken up that morning, you are nervous. In fact, you haven't slept all night, you can't stop thinking about those 100,000 eyes looking at every millimeter of your body. What are they thinking? How will they judge you? However you remember that you have taken a course, and that reassures you. The day passes and we reach the key moment. You are there, backstage remembering your gestures, and you finally walk through the door and onto the stage. Immediately you see that infinite crowd watching you, and in that moment your body becomes blocked. Your adrenaline levels in your blood are extreme, you start to sweat, your neocortex is deactivated and the limbic system activates its damn fight or flight system. You have entered a state of panic, and as much as you try to apply the theory that you have practiced in front of the stuffed animals, having real people in front of you you are simply blocked, the words do not come out. You finally gave a bad presentation. What happened here? That you have not taken into account the psychological aspect. There is no use in mastering the theory if then your mind plays a trick on you and does not let you apply that theory. The correct way would have been to perform progressive conditioning. That is, having practiced first in front of your family, then in front of your group of friends, then having signed up for a small talk at a school, and so on. The same goes for trading. Even if you have the same strategy, you will get very different results when you are investing 100 euros than when you are investing 1 million, in the same way that it will be much more difficult to speak in front of a pavilion of strangers than in front of your family. The difference between the top traders and the current trader is not in their strategy. You will realize that the technical aspect can be reduced to something very simple and simple. The difference between a pro trader and an ordinary one is that the pro trader does not shake his finger when entering the market with 10 million euros and hold the position up to where it has been marked, while the ordinary trader will panic when he sees how Hundreds of thousands of euros move in real time, and you probably won't hold even ten seconds before closing your trade. Trading is a path of personal conquest, which is the most difficult of all.
BITSTAMP:BTCUSDEducation
by jonfuentesX
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