BTCUSD LongBitcoin M30 chart, Demand zones are making higher highs, bulls are stronger and they aren't going to quit this bullrun, we should follow ...
Cryptodaytrader
How to search gems in the daytrading!Hello everyone! My friends have asked me to compile a list of actions we should take during a bull market, and that's what this post is about. Let's get started!
First Criteria:
First and foremost , I try to pick solid coins with a market cap of over 1M. I use the Binance Exchange screener. It enables me to track coin volatility over 24 hours.
Next, I keep an eagle eye out for volatility and percentage growth in a day. A rise of more than 8% in percent in the day is optimal.
The next step is identifying the day's level and breakout level.
The day's level refers to the 12-hour candle level, and the breakout level is the nearest support/resistance level that had breached.
These levels will serve as clusters to make further decisions about the coin.
If I spot volatility, I set up the DCA bot to work with it. In the trend situations, I stick with DCA settings. I turn to the GRID bot in the flat market.
For example. a short explanation of current situation of the SET:BCH
News Analysis:
Evaluate a coin's potential based on news fundamentals through Twitter and Coinmarketcal. If you plan to hold crypto for more than 24 hours, you need to do research.
What news do I find interesting? New exchange listings, chain updates, forks, airdrops, and whether there's any significant news that might trigger a buying spree.
Backtest :It is a feature that I use with Bitgsap, allowing me to test how the coin could have generated profit with the bot's settings. It's not a guaranteed future result, but it helps me estimate potential profitability while considering past trends.
Hunting for hidden gems in the crypto world is a fun but risky adventure. Always conduct thorough research and be prepared for the ups and downs of the crypto market!
In-Depth Research:
One of the last types of research I perform is blockchain analysis, examining the product itself and the community.
Here, I analyze various data points, including the project founders and investment funds which have invested early in the platforms. The strength of the project's community and how often they appear in mainstream crypto media.
If I can fetch data on the number of large wallets holding the coin from the blockchain, I do that too to understand the strength of the coin's holders.
For example you can use DefiLama, moralismoney, etherscan and etc
That’s it. How do you analyze crypto in the market? What is your strategy at this period? Write in the commentary below. I will appreciate your subscription. See you, folks!
BTC/USD Intra-Day EST Afternoon Analysis - Cup with HandleGood afternoon folks!
BITFINEX:BTCUSD
It seems like we have a "Cup with Handle" pattern (pink line).
Even though the MACD and RSI have been as flat as a pancake, that seems like it won't last very long.
The volume is quite high which means people are itching to buy (based on the long bottom wick at 13:00).
Now is a good time to buy. Stop at the bottom of the handle at $46,018.
Legal note: this is not investment or financial advice, just my idea. Trade at your own risk.
Bitcoin - It's showtime, watch this!So this charade has gone long enough, BTC can not keep ranging for too long it is not its style so it has to make a decision very soon. These are the signs we are looking at to get hints about where we are headed.
1. While on a range BTC keeps violating up trendlines which is a sign of going down.
2. The 20MA (The thin green line) is now moving down toward the 200MA.
3. Volume is gradually getting lower.
4. We are making lower highs
5. We are constantly testing out the 200MA for better or worse.
There are just too many signs telling us to stay away for now.
THE TREND: Sideways with strong hints of going down
THE OUTLOOK: Very Unsafe, stay out.
Be safe and follow me to stay ahead of the curve.
