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Real Price vs Heikin Ashi PriceHi! This is just a quick study for my own curiosity. It maps out the real world closing price vs the Heikin Ashi closing price. I think I'll make the indicator a mainstay of my trading charts, as it's useful to see. It also makes manual backtesting more viable. Some interesting observations: Long-term average difference between real world closing and HA closing ranges from 1 - 4 pips. There are intermittent spikes of up to 10 - 12 pips. These happen fairly infrequently (depending on the time frame being viewed). On average, HA prices are closer than I thought to real world prices. I would have expected an average greater than 1 - 4 pips. Spikes in difference often signify important points. Primarily they seem to signify new or continued trend activity in the relevant direction, but sometimes they can indicate tops or bottoms. Could be interesting to try and build a strategy around it. I'm not sure if I'll publish the Real Price indicator (it's literally just a few lines of code), but let me know if you want a copy of it. Cheers, DreamsDefined
Education
by DreamsDefined
3
Part 3 - The Markets.. Know what market you are trading in!!What is trend? Trend is the direction in which the market moves. An upward trend consist out of higher highs and an downward trend with lower lows. * Upward trend * Downward trend This is called the sideway market, which also is called trading range: This is an neutral trinagle, where we see lower highs and higher lows. At this markets it is better to wait what the market will do. Every time the price drop, buyers are gettin earlier in, but the sellers are also selling earlier. Upward Triangle, There are more buyers joining the market. This one is the downward market. The lower lows are staying equal, the highs are gettin lower. At this time people are waiting for the right time to buy. We see here a false move. When u think the market will turn on, it makes a false move and getting lower. This one is called the broadening market. The highs will become higher and the lows lower. A broadening market says that there is a lot of uncertainity. This is an market with high risks. This will be seen a lot at the ending of upward markets.
COINBASE:BTCUSDEducation
by NLTR_crypto
1
BTC – Signs Of The BullRight up front, a disclaimer: This analysis is for educational purposes. It IS NOT a prediction of price curves. It’s meant to be a scenario in which signs of a bull run could be identified. As always, make investment decisions based on your own due diligence. CHART LEGEND Blue = Bullish price cycles Green = Transition out of or into a bull market Yellow = HOLD, No Man’s Land (or, after a bull run, GTFO!) Orange = Transition into or out of a bear market INTRO This is one approach on how to look for signs of an upcoming bull run, while still in a bear market. There are many signs that a bull run is near. However, there are NO signs this bull run will last very long. So, as always, stay on your toes. IF (this is a big “if”) this is the beginning of the end of the bear market, the following signs should be expected: ==1== The peak of a possible double curve The price closes AND HOLDS above the previous bear price cycle. Having it hold a few days is key. If it jumps up, then falls right back down, that’s not a sign. That’s wish fulfillment. But, as you can see, we’ve held at this price long enough to possibly form our first double curve in quite some time. ==2== A definitive bounce After falling to complete the first double curve, the price bounces back up, it does NOT hold there. If it holds, be wary. If this bounce occurs below the start of the first double curve, that’s fine but it should occur above the trough. This is an indication the bulls are showing some strength. ==3== The bear’s last stand This is where the last of the struggling investors are shed from the market. IF this is the beginning of the end, look for the low point to land somewhere between $6k and $5k. ==4== The bull is at the gate The main thing to look for is A. the bottom is at—or above—the trough of the initial double curve and B. the top is at—or above the peak of the same double curve. ==FINAL SIGN== Confirmation The final sign is then, of course, the obvious bull price cycle as indicated in blue. In which case you’ll be in an excellent position, having bought at signs #3 & #4. …Party time. NOTES Notice how the signs make a dip? This dip, when confirmed, will be identified by many analysts, after the fact, and used to predict the bull run that's already under way. Should this actually play out as described, congratulations. You can then thumb your nose at them and laugh all the way to the bank. (I don't recommend this b/c, whenever you're right about the market, it's only a matter of time before you're wrong again!) It’s possible these dotted double curves could be shifted down to the $2950 mark. This is possible for two reasons: 1. a bull trap and a transition to a legit bull market are often indistinguishable and 2. dropping to the $3k mark would complete the classic cycles of a bubble, where the 3rd sign lands in the “despair” phase. Should these signs actually play out in this scenario, I’ll keep this chart up to date.
BITFINEX:BTCUSD
by stiltsmccoy
An EASY and EXACT guide to make 37 % profit on EOS! IF... To whom it may concern! This will not be a cocky or arrogant D4rkEnergY writing to my beloved followers out there. It will be a humble and down to earth-kinda guy. The Royal Highness, Henrik (Henry) the Prince Consort of Denmark, died some days ago and was buried earlier today in Copenhagen. D4rkEnergY is not a royalist, but it is always a beautiful thing to remember the deceased. We are here taking a look at the 1D EOSUSD Chart. First of all we can see that we have completed a beautiful Elliot Wave Cycle (1-5 and the ABC-Correction). We are still in a downtrend (the black line), but is seems that we already have made our first new Elliot Wave (1) and it's retracement (2). When that is said, we are NOT going to buy a position at this moment. This is way to dangerous. Even though we might not be far away from breaking out from the downtrend, we are still in a zone of confluence resistance. We need to break out and up to 10,64 USD before we can make a long position. At that time we are also above the EMA20 and EMA50 with the EMA100 and EMA200 way under us. This should be a perfect opportunity for us to ride on Elliot Wave 3 up and up to 14,62 USD and make our self a 37 % profit! Remember to put a stop loss. D4rkEnergY will suggest 8,81 USD which give us a Risk/Reward-ratio on 2.17. RIP R.H. Henrik The Prince Consort of Denmark! Kind Regards DarkEnergY <3
BITFINEX:EOSUSDLong
by D4rkEnergY
6
What is a Falling Wedge? Newbie Case Study : $GNTIf you're new here, you've probably heard a ton about various terminology that indicate the past, current, and future trends of particular cryptocurrency. Additionally, you've probably heard that these terminologies indicate whether or not a trend is "bearish"(Downward) or "bullish"(Upward). In this case study, we will examine and dissect $GNT's and how its formation pattern indicated a future increase in price. GNT'S Falling Wedge A falling wedge is when the price makes lower lows and lower highs with the resistance line being steeper than the support line. Every new low is created with loss of momentum, signalling of underlying strength. Between the yellow lines, we observe this formation pattern. There are two variations and we will be observing variation #2: The Bullish Continuation The bullish continuation is when price breaks above the resistance line of the wedge and continues on it's bullish formation. The target price should be the height of the wedge measured up from the breakout point. In this case, our target for $GNT is 6000-6500 Satoshi. Happy Trading and here is a video for reference! Constructive Criticism is preferred! Compliments welcomed aswell :) REFERENCE IS LINKED FOR GRAPHICAL OVERVIEW OF THIS CONCEPT-
G
by CryptoByDAY
2
How To: Trade Support & Resistance Like the ProfessionalsHello traders. It is a statistical fact that upwards of 90% of retail traders lose money in the Forex market. There are many reasons for this, but perhaps the most important reason is entry. Retail traders often get terrible entries. Even if they are right, their entry may be so poor that their opportunity for profit is not enough to make them consistently profitable. If 90% of retail traders are losing, then that must mean 90% of institutions are profiting. Why is this? What makes institutional traders better than retail traders? Well the main reason why institutional traders are better is because they have access to research that retail traders simply don't have access to. The institutions that employ these traders also employ teams of analysts whose sole responsibility is to analyze the market to ensure the profitability of the institution's traders. However, another very important aspect of their success is that they do NOT wait for confirmation, trend line breaks, patterns, and signals from indicators when trying to enter the market. Institutional traders look for specific prices to buy and sell at and they place their orders at those levels. In a trending market for example, such as this USDJPY over the last month, institutional traders will be looking to buy dips. They won't be waiting for price to form a low and then enter the market because that would be chasing price... that would be retail. Institutions let the market come to them, they find specific prices that reflect good value for buying given the market condition. You can see on the chart all the points at which major higher lows formed throughout this uptrend. As you can also see those lows in just about every instance match up perfectly with the previously broken high. That is no coincidence. For a market to form a major swing high in an uptrend, there must be a lot of money selling the market at that price to push it lower. Only institutions have enough buying/selling power to move price and form such a top so if a high is formed it is because it was at a price level where institutions were previously selling. If price then breaks out to the upside and forms new highs, institutional buyers will then look to buy that same price that they previously sold at. It seems very basic... and that is because it is. Institutional traders only look at price action. Retail traders are the only traders who complicate things by using patterns and indicators and that is precisely why so many of them fail. Keep your charts simple... don't wait for confirmation or signals... let price come to you. Think like an institutional trader now like a retail trader!
Education
by UnknownUnicorn261897
22