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Dont believe the hypeOne of the best things about the crypto sector is also it's scariest- the volatility. Any seasoned trader or investor already knows this. The WORST thing hands down is the press. I am NOT A FINANCIAL ADVISER. Now that I got that out of the way , neither is the crypto media many of us view in the headline queue with Tradingview. Anyone looking at a Klinger Oscillator , who knows how to read it can tell you that they are giving out bogus info again and again and again. Several days ago , a "confluence detector" reported that the only direction XRP would be going in is down, and yet... it rose by more than 10% in the 2 days that followed. OBSERVE. Look at cycles. There are many things more informative and without ulterior motive than the ramblings of the likes of C.C.N., our own crypto tabloid. Notice the days of the week when prices TEND to bottom out, when they tend to rise. Look back about 90 days at price ranges, and start learning if you havent how to reapply metrics not designed for crypto to crypto. It can be done. Stop listening to those so greedy that, already set for life, are greedy enough to sell you false stories and predictions just to buy in a little bit lower. Be your own "confluence" detector. Check 4 hour and 1 day Kilingers , Elder ray buying and selling pressure. Elder Fischer Transform... Remember that this is 80% psychology. Observe the correlations , and if you havent; learn how to properly read Candlestick patterns. Fortis Fortuna Adiuvat.
COINBASE:BCHUSD
by Cryptocautious
Confluence detectors and crypto press inability to note patternsSo the big headline in the queue this day again involves a confluence detector. Its being applied to Bitcoin. For the sake of amateur Journalism, lets see what confluence is: Google defines "Confluence" as follows: "the junction of two rivers, especially rivers of approximately equal width. "here at the confluence of the Laramie and North Platte Rivers" synonyms: convergence, meeting, junction, joining, conflux, watersmeet; sangam "the confluence of the Rhine and the Mosel" an act or process of merging. "a major confluence of the world's financial markets" I imagine the detector to be the modern day equivalent of a diving rod - perhaps even a bi forked stick or twig. This in an attempt to get people to buy what.... after thinking about it, ...Bitcoin - isn't gold to Lite coins silver - it is a highly overpriced, overrated aluminum to bitcoins gold. To XRP's palladium, To even BCH's bronze. Bitcoin acts and behaves like a really negative junk bond. TODAY IS FRIDAY. The press seems to have neglected that the market tends to peak most Fridays and to a lesser degree Saturdays ,followed by a Sunday sell-off for those who haven't noticed this correlation yet and are reactionary day traders. The weekend's do not always produce this result - but I again encourage you to do a 30, 60 , 90 day look back , and find the pattern to this very obvious pump and dump. Another headline again is slamming XRP; saying how it is spending its fifth weekend in the red, in a row; but NOT saying that it is up from the .28 territory it's "Confluence detector" said it wouldn't break anytime soon. Fortis Fortuna Adiuvat
BITSTAMP:BCHUSD
by Cryptocautious
Crypto pressWhat you need to do in order to benefit from Crypto's main use case - making money is simple, if you are on TRadingview or a similar site with a feed with C.C.N., Nulltx , Benzinga , NewsBTC or another iteration of the same false programming is simple. Duct tape works, but you CAN expand the market depth view to cover these entities, so you don't see them. Their predictions have proven false 90% of the time, and after a year of writing about how traditional weights and measures do not, CANNOT apply to crypto, they have rolled out new toys like a "Confluence Detector." I have rolled out a B.S. detector, and it's glowing when it see's said entities say ANYTHING. BY way of example, a headline reads EUR/USD action points to huge breakout for Bitcoin. NO, it doesn't. Bitcoin is traded in many fiat currencies, arguably as much the Euro if not more than the dollar; furthermore it is paired with eth , LTC , XRP etc. et. al. So...., fool me once- nice job, twice and I am an idiot. Sensational headlines written by organizations controlled by big money are simply one more form of the price manipulation we deal with. Last time i saw a headline read "BTC to hold at 4k," it lost 350 usd overnight; and that can be measured in Euro's, Yen, Krugerand lol; what have you. Filter out the bullshit; learn your own system, observe- OBSERVE market cycles, correlate them with REAL news - the U.S. shutdown for example, but more than anything observe correlations with the indicators your site provides- whether it be Elder ray(especially useful tool), Elder Fischer transform, Adx/Dms , Coppock curve, ease of movement- simple and exponential , Chande forecast oscillator - all designed without crypto in mind, which is why on the face they dont apply, but with CORRELATION, OBSERVATION , AND CONVERGENCE , they can be MADE to apply. Freedom of the press works both ways, so stop reading the Enquirer. It's bad for your risk capital. Caveat Emptor; Fortis Fortuna Adiuvat.
BITSTAMP:XRPUSD
by Cryptocautious
Cue the negative pressAs double digit increases are seen pretty much across the board , my favorite distributor of fake news, C.C.N. is publishing the opinion of Calvin Ayre , one third of the talking heads behind the BCH spoon that brought the market down. "Bitcoin price will crash to zero." Craig Wright is also a notable member of the "Satoshi's vision" camp , with it's BTCSV. Make no mistake , headlines such as these are designed with one thing in mind - panic, and getting you to short sell. The idea LOOKS attractive if they are to be believed - prices are up as the self appointed guru is telling you that your investment will be worthless. I am not a BTC fanboy at all , but resent the involvement of dubious entities within the media making such apocalyptic predictions that are essentially without meaning , explanation or substantiation. Calvin Ayre wants to buy your Bitcoins is what it sounds like. Cheaply. It seems this guru has neglected the fact that where Bitcoin goes, like it or not, the market follows in most cases. He is essentially calling HIS OWN COIN DEAD BY PROXY. Don't believe everything that you read. Maybe even call out C.C.N. for it's b.s. , and the negative effects over 2018 of it's "updates." Have you ever been spurred into an action , or belief as to pivot points , resistance levels and ultimate predictions by CCN? Have those "updates" benefitted you?? The market?? Remember that the elite control the media ; and never underestimate their greed. Caveat emptor.
BITTREX:BTCUSD
by Cryptocautious
Wall Street: When market hysteria meets realityIn this screencast I show how I interpreted the bull run on the daily and how I entered on a 30 min time frame. Everybody (almost) went 'Wooohoooo!" when Trump made announcements that trade war with China was on hold. There was also the Wooohooo thing when Powell made his politically correct statement, which actually didn't say anything about halting interest rate rises. Well.. well.. reality hit home shortly after each of those two events creating bull runs. To be clear, nothing I say means that the markets cannot go north like crazy. I simply don't care! Why? Because I control my acceptable loss.
OANDA:US30USDEducation
by Captain_Walker
Tax news affecting Crypto-Market?Today is another depressing day in Crypto headlines. The founder of ethereum says 2017 rise was due to hype , leading some to likely draw an inference that such things will not happen. South Korea announced plans to tax crypto-currency. Here is where I get aggravated.: IF you got involved in Crypto thinking you could make money in a fashion similar to traditional markets anonymously AND if you think that is the fundamental strength of decentralization is tax evasion , you are a f*&*^%$ AS$#^%&* and have no morals and little intelligence.. The internet , the market and the electricity you use are all affected and likely subsidized if not now at some point by taxes. You should know if you don't by now that until and if the internet were to go down, what is on it is not erased. It is easier to find you here than anywhere. If South Koreans are now in a fluster , it is only the dishonest ones. The goal of decentralization is not the worlds biggest tax evasion ploy, it is a way to evade the fractional reserve banking system and worse iterations in other countries. A way to send money across borders that will not permit fiat transactions , and a such represents freedom. Freedom. That's the goal , right?? You still have to pay your taxes. I know a LOT of veterans who will tell you freedom isn't free. Stop panicking and pay your taxes. Onto todays latest crypto disaster ; it is indeed another dark day for crypto. Mike Novogratz was wrong about Bitcoin (If it hits 20k pre-2019 I will eat my hat, humiliate myself publicly before him , and change my name to Screech,) but that doesn't mean it is dead. The goal of trading crypto is to make money right?? Price by consensus right? So WTF people??? Seriously. If you are a panicky person trying to day trade crypto maybe you need to leave. The rest of the community has a responsibility that it is failing to maintain. Market manipulation is in play , and notice how slow the sec and other concerned entities have been to react?? Think that's just poor timing?? Unil the manipulation stops you need to wake up EARLY if you wish to trade. Learn the time zones that apply to the 3 major sessions. Go back through tradeview on a 1 hour chart and notice the correlation between times when the pump begins and the dump begins. Follow the big money. Again you will have to study the charts - I promise you will find not always but mostly time correlations between rises and falls large enough if you get in and out at the right times to profit , if even a little, most days. Sometimes there just are no profits to be had, so you WAIT. With headlines like "Bitcoin in Death Spiral" it may be hard , but that is a headline that has been played before. Get out a calculator, add double your fee and do not sell for less. In this day , purchases of ages ago still in your possession need to be ignored and in one aspect present a positive - with FIFO tax calculation, they serve as the cost basis for capital gains. Money CAN be made in this market but you REALLY need to be attentive, study correlations, ignore sensational headlines and ANY financial analysis , and do your own math. ***AS always, I am not a financial advisor. Just a guy who suffered losses that I am determined to make back and in the service of doing so has studied from an unconventional point of view . I write because I enjoy writing , and in the hopes of helping to prevent loss. That said, I am required to inform you of the above , and that this is an op-ed** Caveat Emptor
BITSTAMP:XRPUSD
by Cryptocautious
2
May I introduce you..? That SELL-Off was nothing! ;-)#OverviewHey tradomanaics, quick a nice overview if the current situation of S&P500! Bulls feel the pain? Yep.. it was painfull for those who are long. BUT - That was nothing! :-O Check this chart and see where the real PAIN is waiting for us.. or the PROFIT? AS we can see - there is still a lot of space downwards before we reach the real paniczone! ;-) So calm down and wait. The US-earnings-season is going to show us important companys in the upcoming days. Peace and good trades Irasor Trading2ez Wanna see more`Don`t forget to follow me. Any questions? OM me. :-)
SP:SPX
by Trading2ez
2
Dow Jones (Wall Street) - the big wobble.Crystal balls are either cracking or working overtime around the world in attempting to predict what's going to happen with Wall Street. See also What rules the world? As I said so many times before, 'nobody can predict anything' in stock markets or any other market - for the simple reason that nobody owns the future. In this screencast, I show a bit of my own methodology. There was a potential reversal zone on the weekly, that was stalked carefully for entry point on the hourly time frame. The 1h time frame was exploited. Then stop loss tightened on the 2h time frame using a combination of the VMA and Vervoort. Looking ahead, the 1D time frame shows a serious change of sentiment of investors. Price busts violently through an Guppy (GMMA) investor zone. Those watching a 200EMA on 1D chart will see that there is hesitation as price moves into that zone. Price may respect that sort of zone for a while but it doesn't have to. The squeeze momentum indicator also reflects the sudden change of momentum. Whatever it is that has accumulated to spook this market, is significant. I do not need to know. The news has reported that Wall Street is fighting back. Well yes, but it's not a major fight back at this time on the 2H to 4H time frames. Avoiding a 'predictions model', I simply position myself to get stopped out where I think is best. As mentioned in the video I do factor-in experience in this market, which cannot be written into an algorithm or set of instructions. Each instrument has a different 'personality'. So, my knowledge and experience in Wall Street is brought to bear on my probability estimates. In other words, though I have a methodology, how I apply it varies from instrument to instrument. Overall, my assessment of the market on 1D and lower time frames, is probability for further down side. But for every probability in one direction there is a residual probability for the opposite direction.
OANDA:US30USDEducation
by Captain_Walker
Long Term Ascending Triangle but Watch that Support!It's tough to imagine being anything but long-term bullish on Tesla. There's strong resistance at $400. May consider buying more if it ever breaks, but with the recent news that Tesla will remain public, it could be a while before that happens. Until then, I may buy on dips, but don't expect any huge short term gains. I'm in it for the Tesla mission. However there's always that chance that it breaks early and we can start talking about TSLA at $4000 in a few years. The only reason we're not seeing exponential growth already, is because fossil fuel shorts. They don't care if they lose money shorting Tesla. As long as they get to keep their pundits in the media, spreading FUD, their mission is accomplished. They know their days are numbered, but they're still cashing in while they can at everyone else's expense. If you're smart, you can see through the bullshit and noise. Will be keeping a close eye on that ~$290 support. If it breaks below in a big way, that will become the new resistance. If that happens, the planet loses, we all lose.
NASDAQ:TSLALong
by rbownb
3