Get started

Sideways

GBPCHF Short Term Trend Reversal (Deep Pullback) Strategy STRATEGY: Support and Resistance - Short Term Reversal Strategy Long Term Trend Time Frame: 1D/4H Focus Time Frame: 4H Market Condition 1D Short Term: Sideways 1D Long Term: Uptrend Area of Value (AOV) Resistance: 1.2953 - 1.28901 Support: 1.24809 - 1.23807 Entry Trigger 4H: Price Rejection / Inside Bar Entry Price (EP): 1.27482 Stop Loss (SL): 1.28223 Take Profit (TP): 1.24894 RRR: 3.49 Analysis 1D - Looking at 1D TF, we can see that the long term trend shows uptrend (86 days since Aug 11, 2019) and currently consolidating since Oct 17, 2019 (22 days). Current price is respecting 10 EMA which might be broken anytime soon. Once it breaks down, it might find support at 50 EMA on, Previous Resistance turned Support, or at Ascending Trend Line. 4H - Looking at 4H TF, price formed a descending channel which shows trend weakness. If it gets broken, the price may perform a deep pullback at Ascending Trend Line/50 EMA or at Previous Resistance Turned Support at 1D Time frame. NOTE: This post is for my reference/journal purposes only. Trade at your own risk.
Short
by jumpstartscript
1
BTC Update! Sideways price action and continuing to wait Well for about a week now we continue bouncing around within a very tight range. Purple solid lines continue to show larger picture of pattern I was watching. Last chart we were clinging to $10k support and I was looking for entries under $9900. We dipped just under $9900 and since then have bounced around $10,000-10.4k or so. Nothing much exciting lately. Traders seem to be comfortable just waiting to enter along bottom of larger triangle or waiting to see if BTC can approach upper ranges of pattern. Personally I am stepping away from trading for a bit as I venture into some other areas and just don't have the time to trade or watch charts much anymore. I will continue to try and get some chart postings out weekly with emphasis more on bigger pictures as opposed to any scalp trades, etc. Just My 2 Sats!
COINBASE:BTCUSD
by My2Sats
HOW-TO GRID TRADE: How-to Find A Profitable Grid (Tutorial #4)HOW-TO GRID TRADE: How-to Find A Profitable Grid Using The "Grid Range Finder" Indicator. WHAT TO LOOK FOR... The best GRIDS are placed in sideways channels, consolidation areas, ranging markets and slowly upward trend areas. In seeking a place to start your next grid, you should seek out support areas, preferably during a sideways or upwardly trending time period. It's near impossible to predict how long this type market condition might last, but the ideal grid will run for 2 days+. Some grids can run for months! Did you miss my previous GRID TRADE tutorials? ( Start from the beginning ) ESTABLISH A RANGE Your next task is to determine a range depth for your grid (I suggest 4% to 8% as measured on the chart - though you may find other measurements better depending on the crypto you're trading, the average market volatility and your available capital) . This is why, when using the "GRID RANGE FINDER INDICATOR" you'll appreciate the "Auto-Fibonacci Lines" added to help in projecting how high or deep your range might go. In most cases, your range should span between either support and resistance or a nearby Fibonacci line. Once you've discovered your range "sweet spot" and a good starting point, "box out" a projected grid range that has logical support, resistance and fib parameters with a span (bottom to top) that does not spread your capital too thin nor expose you to too excessive risk. GRID YOUR RANGE In Tradingview, you can easy create a range box using the "Date and Price Range Drawing Tool" or the "Rectangle Drawing Tool." If you want to create actual grids in your range box, you can use the "Gann Box Drawing Tool" and play around with the settings if you are hard core. At the end of the day, this is only to give you a rough idea anyways. Your actual grid range area is automatically create in your Crypto Grid Trading Bot within minutes after setting up a few parameters (simple, simple) . So don't over do the time invested in drawing on your TV chart, keep it quick and simple. Find your range, put the parameters in your Bot and start making money! HELPFUL TOOLS THE GRID RANGE FINDER INDICATOR is ideal for traders pursuing this type GRID TRADING strategy. Yes, it's true that the trading process itself is typically automated, however the first and most important step for you, is to find a sideways, consolidating, ranging or slowly upward trending market. Review the other GRID TRADING tutorials I've published so that you can master this fascinating (and profitable) trading style. It's not that hard and it's well worth the effort. THE GRID RANGE FINDER INDICATOR will assist you in scouting-out market opportunities where a grid opportunity may be waiting. This indicator provides support and resistance lines for both long and short term price action, plus uniquely incorporates red and green COLORED trend tendencies in both the support and resistance lines, as well as in "Trend Dots" at the bottom of chart. TIPS FOR HOW TO USE THIS INDICATOR TO HELP FIND OPTIMAL GRID TRADING OPPORTUNITIES Use this indicator in combination with other indicators to fully maximize your results. First zoom out and determine the overall structure and phase the market is in (long term) . Remember, GRIDS perform best in sideways or slow upward ranging trends. Look for this. THERE ARE NUMEROUS WAYS TO USE THIS INDICATOR BELOW IS ONE WAY, TO GET YOU STARTED: The STEP NUMBERS below are illustrated on the charts above. 1. Watch for a major support point. 2. Followed by a higher minor support point. 3. Start grid during GREEN trend indication (as seen on indicator trend dots or trend support line) • If using Heikin Ashi candles (recommended) start grid on a GREEN candle 4. Map out your grid range of 4% to 8% using Support & Resistance lines and/or Auto-Fibonacci lines on chart. This is not a "SIGNAL" type indicator, it is a valuable tool (or aid) designed to assist you in conjunction with other indicators and market knowledge. Some grid traders use ONLY this one indicator, but you should evaluate the others I've created which may help you refine your grid start parameters and opportunities. For additional help there are details below. PLEASE HIT THE LIKE BUTTON (and follow me... lots of great stuff in the works!) As always, I appreciate your support. Please share with others. ENJOY! Dan Hollings Master Crypto Grid Trader Please Explore My Other Indicators, Scripts, Grids and Educational Ideas. @ DanHollings on Tradingview.
KRAKEN:BTCUSDEducation
by DanHollings
4
HOW-TO GRID TRADE: How Grid Automation Works (Tutorial #2)HOW-TO GRID TRADE (Tutorial #2): How a Crypto Trading Bot Automates Your Trades +PLUS+ Quick Set-Up Tips OK - TUTORIAL #2 - LET'S UNDERSTAND WHAT WE'RE DOING Automation via a trading bot will help you execute your grid trading strategy. (The bot I recommend is linked below and connects to your choice of 25+ various exchanges. My instructions are specifically for "my recommended grid bot" though the concepts should work anywhere.) CHART NOTE: If chart above does not display illustrations properly, please expand window or adjust scaling so you have THREE clear and separate examples. Or, scroll down for a screenshot image of these illustrations. Did you miss Tutorial #1? ( Go Here ) SET-UP IN MINUTES Your grid bot can be set-up with your range, grid spacing and capital investment amount within minutes. Your grid trading bot will initiate a start-up BUY, layout your future orders in a grid and continue placing and filling orders as price fluctuates, so you can benefit from any sideways and ranging market. You can grab a coffee, a beer or some spring water, sit back and watch (or better yet, spend time with your family!) In the meanwhile, cha-ching, cha-ching… one zig, one zag at a time, your odds of making money are good. Of course this assumes you’ve done your homework, set things up properly and picked an optimal time. Your only risk is a sudden price plummet (and yes this happens from time to time) but with a stoploss or counter strategy in place, you’re pretty much in hands-free mode and can check your progress once or twice a day. Next, let's explore in details of how the Crypto Grid Trading Bot actually works. In our random example, I'll use BTC/USD pair and the following bot settings: ILLUSTRATION SETTINGS: Price range: $16,000 - $24000 Quantity of grids: 9 Amount per grid: 1 BTC NOTE: Please focus on the concept, not the random range or investment levels in this illustration. This example is not meant to be a real signal or set-up! Just grasp the concept. 1. GRID BOT CREATED Once your grid bot is created, it will distribute buy and sell orders based on your investment settings, range and equal grid spacing (or grid profit targets) . The BUY orders will be placed below the current market price, while the SELL orders will be placed above the current market price. If needed, bot will automatically buy or sell currency to create grid. You will be prompted to confirm every step in the process. It’s fast, easy and fun. Remember, in this example we are only placing LONG buy orders and selling when price moves up one grid (there is NO SHORTING involved). Also remember, you can NOT edit (change settings) on a running grid bot. But you can stop your bot thus opening up the option to create a new one. STOPPING YOUR GRID BOT If for any reason you want to stop your bot (perhaps you messed-up, perhaps you change plans, perhaps the market starts looking negative, perhaps you want to take your profits, perhaps you want to move grid to a new range)... you can cancel your bot at anytime. I’ll cover this in greater detail in a later session of this tutorial series, but for now just be aware that upon bot cancellation - when you stop your bot - you may have open positions remaining that must be dealt with manually on your exchange or trading platform. CANCELLATION RULE: Every time you stop a bot, check your exchange for open positions and either sell, set limit order(s) or perhaps hold the crypto your bot has bought. The bot will automatically remove standing buy and and sell orders (you can double check your exchange to confirm this if you like). 2. PRICE MOVES UP You’ve started (in our example) at $20,000. When the price moves up to $21000 the first sell order is executed. The bot will place a new buy order one grid below at $20,000. 3. PRICE MOVES DOWN When the price moves down to $19,000 your bot will execute BUY orders at both grid lines ($20,000 followed by $19,000) . During that price drop , your bot will place new SELL orders at $21,000 and $20,000) after each executed buy order. And so it goes… your bot buys, your bot sells and grid lines are replaced with new open orders as the next grid line (up or down) is hit. Simple as that. 4. YOUR RESULTS This trading method will generate profit as the market ranges up and down. It works as long as the market movement stays in your predefined range. The “recommended grid bot” (see footer below) will automate this strategy for you and provide accurate reporting on your profit results. 12 QUICK TIPS FOR STARTING In future sessions of this tutorial series, I’ll cover important areas such as: how to find sideways markets, slowly trending ranges, and optimal grid bot starting points. I’ll even cover indicators that can help you with your grid trading strategy -AND- our Discord community specifically dedicated to future “Grid Masters." For now, please follow these basic steps: 1) Get your grid bot account. 2) Connect your bot to your preferred exchange. 3) Start with a cryptocurrency you trust (BTC or ETH or a top 10 coin) . Something you’d be ok holding (HODL) if worse came to worse. 4) Wait for a market where you expect or anticipate sideways or slowly upward ranging price action. 5) Keep your total grid range (lowest grid to highest grid) within 4% to 8%. 6) Select a grid count that renders your grid spacing (distance between each grid line) to a space comparable to typical zigzags you see in recent price action. Typically a .5% to .6% space between gridlines (as measured on your Tradingview chart) is a good place to start. 7) After your settings are enter in the bot, do click the backtest button. Double check setting, make tweaks, backtest again until you are happy. 8) Invest MINIMALLY on your first few bots (say $100 or something you can afford to lose) . Think of your first grid bot as a “learning experience.” 9) Set a stoploss under your grid (there is a setting within the bot for this) . If you don’t mind holding the coin if prices temporarily drop , then you can forego a stoploss. 10) Don’t dream of riches, instead anticipate all goes well and you get a rather healthy ROI (better than a bank and perhaps better than your trading results/ROI using other non-grid strategies). 11) If your first bot does not go well (worry not, remember the first time you tried to ride a bicycle?) . Review what happened and try again. 3%, 5%, 8% gains might be just around the corner. 12) Give your bot time to “do its magic” (perhaps 3 days, a week or longer) ... as long as prices are within or very near your range, you can leave your grid up and running. Why not? You’re making money! LIKE THIS (Click LIKE Under Chart) SHARE WITH FRIENDS - THANK YOU! HOW DO I LEARN MORE? 1) Review my related IDEAS and TUTORIALS (linked below) 2) Explore my GRID INDICATORS (linked Below) As always, I appreciate your support. Please share with others. ENJOY! Dan Hollings Master Crypto Grid Trader Please Explore My Other Indicators, Scripts, Grids and Educational Ideas. @ DanHollings on Tradingview.
KRAKEN:BTCUSDEducation
by DanHollings
3
HOW-TO GRID TRADE (Tutorial #1) Trade While You SleepHOW-TO GRID TRADE: HIGH PROFITS - LOW RISKS - TONS OF FUN. Trade While You Sleep Let’s be honest, trading is risky, especially trading crypto. We all know it’s just matter of figuring out if market prices are going up or going down, but isn’t it funny how the market seems determined to go in the exact opposite way you pick? Especially when you have money on the line! It’s great that markets trend 30% of the time, we attempt to catch the wave (up or down) and cash in when we’ve called it right. But the often overlooked reality is, markets go sideways, they consolidate, they squeeze, they get stuck in ranges over 70% of the time. Just when you thought you were catching a trend (to the moon!) , now you’re stuck waiting for the market to do something. It zigs a little, it zags a little, smaller moves, up, down, but nothing too exciting, right? If we only could get paid for watching charts wiggle in a range, not having to predict whether things are going up or down… THAT’S what would make you smile . Agreed? Especially if you could automate this “wiggle for profits” idea and reduce your risks to a bare minimum. THAT’S what this article is about. Grid Trading, or how to wiggle your way to high profits without losing your shirt. Let’s learn and have some fun! GRID TRADING STRATEGY Trading bitcoin and other cryptocurrencies with an automated solution has become a very popular plan-of-action because it guarantees 24/7 trading activity. It reduces our addiction to chart watching and lets us eat, sleep and be merry. It allows you to exploit trading opportunities around the clock, manage your risks without emotions and follow a predefined trading pattern that often beats the ROI (Return on Investment) you're getting from other hands-on trading strategies. While all this is true, it was another factor that brought me to Grid Trading initially. It was the fact that even though I loved to get in the trenches and trade chart patterns, indicator signals and often unsubstantiated “hunches,” I found that the capital I was NOT actively trading was just sitting there, doing nothing. The bulk of my capital was sitting in USD, or USDT or BTC . Because I risk manage and rarely enter a trade with more than 5% of my total available money (per trade) , more often than not… 50% to 80% of my investment capital was NOT realizing any return at all. THE LIGHT GOES ON One day, after testing a little known, little used strategy of trading within a pre-established GRID range where every tick-up and every tick-down had the probability of making me money, the light switch within my head went on. Why not take my some of my “reserve” capital, place in a Grid, automate the process, and let it earn a little “side-money” while I continued my regular trading activities? As this “side-money” project took off. I started noticing that it would many times make more of a ROI than my regular trading. I’d look at my Grid results and often see 2%, 3%, 8% over a 2 or 3 day period - these were serious returns, with far less the risk. Annualized I was looking at gains of 300%, 500% even 1000%+ if I just focused on Grids. uh, HELLO! Truth be told, Grid Trading is not a panacea of all wins and no losses. It’s also essential to know that a grid trading strategy does not guarantee a stable income in all market conditions. If you want to successfully utilize a grid crypto trading strategy (like I can teach you) , you must understand the fundamentals of trading, the current market phase, how to find grid trade opportunities, how to set-up grids for maximum gains and how to manage the risks. HERE’S THE GOOD NEWS Grid Trading is no harder than what you’re already doing and in fact, the learning curve is far less challenging. Most people can have their first grid up and running within a day or two. You can do grid trading while you continue your other trading pursuits (as it requires little time or effort). If done right, your odds of making money are much better than almost any other trading strategy you explore. LET’S START WITH A CRAZY LOOKING TRADINGVIEW CHART GRID BOT EXAMPLE THE PATH TO PROFIT IS NOT A STRAIGHT ONE... You’re looking at (in the chart illustration) is a 23 HOUR period (15 min. chart) with a grid range of 5.48% (bottom to top) . Had you been lucky enough to have bought at the bottom and sold at the top (just a regular trade) , you have pocketed roughly 5.48% on a single trade. However, with an automated GRID trade strategy, every zig down BUYS and every zag up SELLS all in incremental and equal portions of your capital. So the more zigs and zags you have, the better! Just as an example, you can turn a 5% gain into 8% if the path zigs and zags along its way. Keep in mind that in this example, we are only trading LONG, yet we profit from the up and down price action as prices cross each grid line triggering a buy or a sell. Once any transaction is complete, the automation resets a new grid line to replace the previous one that was hit. And so it goes, cha-ching, cha-ching, cha-ching! UP? DOWN? WHO CARES! Grid trading is a type of strategy generating earnings from the market movements in a specific price range. It loses its power in a strong trading market (for example when pump or dump happens. The grid trading technique explores to its benefit natural price volatility within a defined range. It does this by opening buy and sell orders regularly at fixed intervals above and below a market price. The advantage of grid trading is that it requires little forecasting of market direction (though you are best to seek out sideways or upward ranging market periods). In addition, it is easy to automate this strategy and run it continuously. The biggest drawback is if there’s a sudden price drop without retracement outside your pre-defined grid range. This drawback is best managed by adhering to good stoploss placement and smart observance of support structure and trend tendencies when setting your grid parameters in the beginning. BECOME A CRYPTO GRID MASTER Learn how to grid trade properly and you’ll experience one of the easiest, safest and time-tested trading approaches ever devised. Stick with it and in the long run, become a "Grid Master" and you can enjoy substantial results. FIRST IN A SERIES OF GRID STRATEGY EDUCATIONAL TUTORIALS I hope this tutorial series helps increase your bottomline! HOW DO I LEARN MORE? 1) Review my related IDEAS and TUTORIALS (linked below) 3) Explore my GRID INDICATORS (linked Below) HOW DO I AUTOMATE MY GRID STRATEGY? Explore further help and links at the bottom of this tutorial. PLEASE HIT THE LIKE BUTTON (and follow me... lots of great stuff in the works!) As always, I appreciate your support. Please share with others. ENJOY! Dan Hollings Master Crypto Grid Trader Please Explore My Other Indicators, Scripts, Grids and Educational Ideas. @ DanHollings on Tradingview.
KRAKEN:BTCUSDEducation
by DanHollings
2
Bitcoin Sideways?We missed MA 21 weekly by a small margin. It could be concluded that we have tested it although we did not touch it which we could still witness but it is highly unlikely for BTC to break down from that, I see everybody calling it for months now but here is some more evidence from history where we stand in the above given chart. I believe we will have side ways action on BTC for 4-6 weeks at least which may give some space for ALTS to breathe. Pls DYOR this is not a financial advice, Thanks.
BNC:BLX
by groveguy
Bitcoin in a Flat Monthly consolidation phase.Hello Dear Traders, Trading Plan: 1) Short near the top of the monthly range. Either Failure at 10760, or 11000-11200 failure. 2) Long If we get a consolidation above 11600. You can see we are forming a flat sideways consolidation on Bitcoin on the monthly time frame, as we have after the first impulse on the previous two market cycles, in 2011 and 2015. We were waiting for the validation that this is a flat monthly consolidation as the lows of July and then August held. For this to continue being a flat consolidation we should not get a monthly close too far above the monthly resistance level of 10760. Therefore a rejection from 10760 or 11000-11200 will be valid trading ideas. On the other hand if we start to consolidate above 11600 then it is likely that we move up and negate this idea.
BITSTAMP:BTCUSDShort
by SubvertoTradingClub