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Charts believed to influence the coin marketHello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (IXIC chart) Among the charts that are considered to have an impact on the coin market, the most referenced chart is the NASDAQ index chart. (NAS100USD chart) However, since the coin market operates 24 hours a day, you usually see the NAS100USD chart, or futures chart, rather than the IXIC chart. Since NAS100USD has just renewed its new high (ATH), it is not easy to predict its future movements. (1M charts) Accordingly, future movements should be predicted through the Fibonacci retracement ratio. If you think it has an impact on the coin market, the NASDAQ index chart must maintain an upward trend in order to maintain the upward trend of the coin market anyway. -------------------------------------------- (DXY chart) Among the charts that are believed to have an impact on the coin market, there is also the DXY chart. If DXY maintains an upward trend, it can be interpreted that the investment market is slowly slowing down and is likely to enter a recession. Accordingly, if it rises above 105.873, it is highly likely that the investment market will enter a recession. I think it should be maintained below 102.089 for the investment market to become active. Therefore, if DXY rises, it can be interpreted that the coin market is likely to decline. Conversely, if DXY falls, it can be interpreted that the coin market is likely to show an upward trend. ---------------------------------------------- (XAUUSD chart) I think there are many people who see the XAUUSD chart as having an impact on the coin market. If XAUUSD maintains an upward trend, it can be interpreted that there is a high possibility that the coin market will also maintain an upward trend. Conversely, if XAUUSD shows a downward trend, it can be interpreted that there is a high possibility that the coin market will also show a downward trend. (1M charts) Since XAUUSD is also updating the new high (ATH), it is necessary to make predictions using the Fibonacci ratio. ------------------------------------------------ I don't think it's a good idea to predict the trend of BTC through the charts above, but it's better to check them only as a reference because they are likely to have an impact if many people refer to them. In order to know BTC price changes, that is, trends in the coin market, you must ultimately understand the flow of funds. This is because it is highly likely that the trend will ultimately be determined by whether funds are flowing into or out of the coin market. Therefore, the charts that should be considered more important than the charts above (IXIC, NAS100USD, DXY, XAUUSD) are the USDT and USDC charts. Stablecoins such as USDT and USDC will play the main role in moving funds. Among them, USDT can be seen as having a great influence on the coin market because it has the largest number of trading pairs supported by exchanges around the world. Therefore, it can be interpreted that if USDT continues to maintain its upward gap, the coin market is likely to show an upward trend. When you trade in the coin market, a candle is created on the USDT or USDC chart. I believe that when funds flow into or out of the coin market, a gap occurs. It's a good idea to understand these points and look at the charts. No matter what you refer to, the trend will ultimately be determined by whether you receive support or resistance at the support and resistance points on the chart of the item, coin, or token you are trading. Therefore, before looking at the charts above, you must have marked support and resistance points on the 1M, 1W, and 1D charts of the chart you wish to trade. Since we are traders, not analysts, we only need to create a trading strategy and trade using the support and resistance obtained through chart analysis. Anything more than that will only end up influencing your subjective thoughts and creating trading strategies in the wrong direction. Have a good time. thank you -------------------------------------------------- - The big picture The full-fledged upward trend is expected to begin when the price rises above 29K. This is the section expected to be touched in the next bull market, 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 13401.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 These are points that are likely to encounter resistance in the future. We need to see if we can break through these points upward. Since it is thought that a new trend can be created in the overshooting zone, you should check the movement when this zone is touched. If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern. 1st: 43833.05 2nd: 32992.55 -------------------------------------------------- ------------------------------------------- ** All explanations are for reference only and do not guarantee profit or loss in investment. ** Trading volume is displayed as a candle body based on 10EMA. How to display (in order from darkest to darkest) More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA ** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own. ** This chart was created using my know-how. ---------------------------------
OANDA:NAS100USD
by readCrypto
5 Non Trading Activities to Success…While charts, trends, risk and reward are our daily companions. Let’s not forget that life’s full of exciting opportunities beyond the trading desk. We are human at the end of the day. And you also need to consider extra elements that will help you propel towards success. Let’s get into the 5 Non trading activities you need to act on. Healthy Lifestyle: Trading, Eat, Rest, Gym, Repeat! Who said trading is all about staring at screens and analyzing numbers? It’s time to inject some energy into your life! A healthy lifestyle isn’t just about balance sheets; it’s about balance in everything. You need to take your vitamins, eat healthy, feel great, hit the gym, go for a run, or channel your inner yogi. The adrenaline rush from trading pairs perfectly with the endorphin high from a good workout. The healthier you are, the more sharp your mind will be. And this will get you to think straight and control your emotions better. Besides, you are what you eat and what you do. Mindful Meditation: Zen and the Art of Trading Mindful meditation isn’t just sitting and going OOOHHM…. It’s for all successful entrepreneurs that deal with daily stresses and risks. Sometimes you just need to take a breather, clear your mind, and get your mind and thoughts in order. Whether you meditate, do self-hypnosis or just do deep breathing exercises – this will help you to be a more calmer and clearer thinker as a trader. When you find your inner peace in your mind, it will reflect on your trading and results. Continuous Learning Trading is an ever-evolving game, and the most successful players never stop learning. I’ve read maybe 200 books on trading in my life and I don’t even think that’s nearly enough to learn everything about the markets. It’s always crucial for you to dive into new strategies, explore market trends, and devour financial news like it’s the hottest gossip in town. You need to find yourself in the trading journey. This is a self introspection adventure that is forever going. Stay curious, stay hungry for knowledge, and watch your trading game reach new heights. Strong Networking: Bulls, Bears, and Bros Trading might be a solitary endeavor,. But success is a team sport. It’s important to build a network that’s as strong as your risk management skills. Sign up to trading events, courses, books and programmes. Connect with fellow traders, and remember, it’s not just about what you know; it’s about who you know. Your next big opportunity might come from a conversation over coffee rather than a chart analysis session. Time Management: Trade Like a Pro, Live Like a Boss In the world of trading, time is money. But beyond the trading hours, master the art of time management in your personal life. Schedule downtime, enjoy hobbies, and spend quality time with loved ones. A well-balanced life isn’t just about maximizing profits; it’s about maximizing joy. Efficient time management is the key to becoming a trading rockstar without burning out. So, trade smart, live well, and let success be your favorite trend! FINAL WORDS: I trust this has given some food for thought. That trading isn’t just about technical work. It’s also about inner work. Work on yourself and become the true trader you aspire to. Let’s sum up the 5 Non Trading Activities to achieve better success. Healthy Lifestyle: Trading, Eat, Rest, Gym, Repeat! Mindful Meditation: Zen and the Art of Trading Continuous Learning Strong Networking: Bulls, Bears, and Bros Time Management: Trade Like a Pro, Live Like a Boss
TVC:SA40Education
by Timonrosso
Why Markets Will Always Change – 9 ReasonsThe only thing constant about financial markets is that they change. And since 2007 or so, with the higher availability of trading different instruments and markets world-wide. And not to mention, the ability to go long (buy) and go short (sell). Yes, these everyday possibilities were difficult to find and trade back then. Now I’m speaking my age in the markets. But it’s important to know, the algorithms are changing the game every single year. As long as you’re a trader you need to be able to learn, grow, adapt and evolve with every changing markets. Let’s go into details about WHY the markets are changing… New and Old Traders (Volume and liquidity) Traders are the lifeblood of financial markets. They come in all shades of experience, net worth, strategies and diversity. Each new trader and investor, brings fresh perspectives, risk appetites, and systems. And when they execute, it causes a ripple into the market ecosystem. Similar to the ‘Butter-fly effect’ where one tiny flutter of the wing can cause weather disturbances which could result in a hurricane. This blend of old and new creates a constant state of flux, volume, liquidity and adds their unique touch to the market canvas. New Market Information (Local or international) Information is the bedrock of trading decisions. In today’s hyperconnected world, news, data releases, and geopolitical events can instantaneously ripple through markets. Whether it’s an unexpected earnings report, a geopolitical crisis, FOMC or Central Banks decisions, or a technological breakthrough (like AI). This new information triggers a financial market reaction. New Micro, Macro, and Fundamentals (Unrelated to charts and price) Microeconomic factors include things like: individual company performance. Also think of corporate actions such as mergers and acquisitions. These will also reshape industry landscapes and impact stock prices. Fundamentals include any internal news related or announcement event that is NOT related to price and volume action on a chart. While macroeconomic indicators include: GDP growth with money tightening and injection controls. While Central banks’ decisions on interest rates, inflation rates and monetary policies influence borrowing costs, investment decisions, and market valuations. These also play a pivotal role in market dynamics. As these factors evolve over time, they influence market sentiment (how investors feel on what to buy and sell) And this obviously drives price movements. World Economic Info (Major changes happening) Globalization has interconnected economies in ways unimaginable just a few decades ago. On the one hand we have 6 more countries joining BRICs. Which is showing the political war and dynamic change between the East and the West. Economic trends in one part of the world can have far-reaching effects elsewhere. Trade agreements, currency fluctuations and Forex wars, and shifts in supply chains impact various sectors and industries. And this can also lead to a change in market price, volume and conditions. Also, when one event kicks in there is a domino effect. And this can trigger a cascade of events that reverberate across financial markets worldwide. Sentiment (How the overall feeling is) Psychological factors like fear, greed, and uncertainty can drive sudden market movements. Market sentiment is often reflected in buying and selling volumes. When investors and traders are feeling optimistic and positive – they buy and hold. When they are feeling down and negative (about positions) – they sell and short. High volume with buying or selling can indicate strong conviction – for other investors. While low volume might signify uncertainty. This ebb and flow of market participation led to constant changes in market trends and patterns. Then there are other reasons that financial markets are constantly changing including: Technological Advancements (At an accelerating rate) As the world evolves and technology compounds at unprecedented levels, we will see innovations in: Trading platforms Algorithms new instruments & markets high-frequency trading New AI related trading bots Better chart pattern recognition plugins Improved automatic trading developments. And emerging technologies can change existing business models in a way they can make them obsolete to totally transform them. These will all influence market behaviour of demand and supply with investors and traders. Which will cause a shift and change in price and volume. Regulatory Changes (Boring but inevitable) Also, rules. Rules, regs and legs are always updating and changing. This will also alter trading practices, liquidity, price movement and market structure. Political Uncertainty (Fun times ahead for the world) The rate the world is separating and joining forces in all different ways, there is change coming to the financial markets. With the EU having control over 27 countries economies. With BRICs adding another 6 countries to theirs. With other countries breaking away from the US dollar. While other companies and countries are switching and adopting more to crypto and AI. The very foundation of politics and control is changing under our very eyes. And this will definitely have a major shift in economic directions as well as on the markets. Natural Disasters and health disasters (Brace yourself and keep your masks) From Global Warming, to less resources available to mind. From catastrophic events, floods and droughts. These can all disrupt supply chains, impact production, and affect the prices of commodities and goods. And then financial markets and prices, will all be affected. And what about pandemics? If we have another COVID-19 type event, this will once again create rapid shifts in consumer behaviour. And this will have a major impact and ripple throughout companies, industries, countries and essentially the world markets. FINAL WORDS: You can clearly see, why financial markets will always change. And as markets continue to shift and adapt, the only constant is change itself. So it’s our job to adapt or die. Embrace it, learn from it, love it and enjoy the process along the way. It means, this journey and income generating source will NEVER get boring. It can ONLY get better (well we can be optimistic to think that). Let’s sum up why the financial markets landscape will always change… New and Old Traders (Volume and liquidity) New Market Information (Local or international) New Micro, Macro, and Fundamentals (Unrelated to charts and price) World Economic Info (Major changes happening) Sentiment (How the overall feeling is) Technological Advancements (At an accelerating rate) Regulatory Changes (Boring but inevitable) Political Uncertainty (Fun times ahead for the world) Natural Disasters and health disasters (Brace yourself and keep your masks)
TVC:SA40Education
by Timonrosso
The key is whether the four-year cycle pattern can be continuedHello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- A new 1-year candle will now be created. Accordingly, we will take the time to talk about next year's movements with the 12M chart. -------------------------------------- We continually say that you cannot create a trading strategy based solely on the information gained from chart analysis. Therefore, you must use the information obtained from chart analysis to suit your trading strategy. Currently suitable coins for long-term investment are BTC and ETH. The next coins that are seen as expanding the coin ecosystem are BNB, Among these, the coins that must be traded by increasing the number of coins held for profit are BNB, XRP, ADA, TRX, KLAY, OP, and WEMIX coins. The coins mentioned above are representative coins that form the coin ecosystem. By checking the coins (tokens) included in this coin ecosystem, you can select additional coins in addition to BTC and ETH to continue investing in the mid- to long-term. It does not matter if the number of items (coins, tokens) that increase the number of coins (tokens) held for profit is large, so you need to think about this. Increasing the number of coins (tokens) held corresponding to profit means selling the coins (tokens) corresponding to the purchase amount and leaving the number of coins (tokens) corresponding to the profit, so if you sell the amount equal to the purchase amount, the average purchase price is 0. Trading in this way is possible because the coin market allows trading in decimals. Therefore, if you trade in the coin market the same way you traded in the stock market, you may feel confused and need to rewrite your trading strategy for the coin market. ----------------------------------------- #BTCUSD 12M The key question is whether the four-year cycle pattern that started in 2014 can continue this time. It displays the Fibonacci ratio formed in the upward trend that started in 2015. The Fibonacci ratio formed in the upward trend that started in 2019 is displayed. If the 3.618 point of the Fibonacci ratio in the uptrend that started in 2015 is applied to the Fibonacci ratio in the uptrend that started in 2019, the 3.618 point is the 178910.15 point. Therefore, the key question is whether it can rise above 1.618 percentage points, or 89126.41 points, next year. Since there is no guarantee that movement will continue according to the past pattern cycle, we must respond according to the situation. Since it has currently touched the 44234.5 point, which is the 0.618 percentage point, if there is a price adjustment before it rises, it is necessary to check if it is supported around 38937.30, which is the 0.5 percentage point. Next, we need to see if it can rise above the 2.618 percentage point, which is 134018.28. End 2023 well, and have a happy new year in 2024. -------------------------------------------------- - The big picture The full-fledged upward trend is expected to begin when the price rises above 29K. This is the section expected to be touched in the next bull market, 81K-95K. -------------------------------------------------- ------------------------------------------- ** All explanations are for reference only and do not guarantee profit or loss in investment. ** Trading volume is displayed as a candle body based on 10EMA. How to display (in order from darkest to darkest) More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA ** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own. ** This chart was created using my know-how. ---------------------------------
INDEX:BTCUSD
by readCrypto
Learn Profitable Doji Candle Trading Strategy In the today's post, I will share my Doji Candle trading strategy. This strategy combines the elements of multiple time frame analysis, price action and key levels. Step 1 Analyze key levels on a daily time frame. Identify vertical and horizontal supports and resistances. Here are the key structures that I spotted on on AUDUSD. Step 2 Look for a formation Doji Candle on a key structure. This rule is crucially important: we will trade only the Doji candles that are formed on key levels. From key supports, we will look for buying, and we will look for shorting from key resistances. Look at this Doji Candle that was formed on a key daily support on AUDUSD. Step 3 Look for a horizontal range on a 4h/1h time frames. Doji Candle signifies indecision. Quite often, you will notice the horizontal ranges on lower time frames when this candlestick is formed. Here is a horizontal range that was formed on a 4H time frame on AUDUSD after a formation of Doj i. Step 4 Look for a breakout of the range. To sell from a key resistance, we will need a bearish breakout of the support of the range. That will be our bearish confirmation. To buy from a key support, we will need a bullish breakout of the resistance of the range. It will be our bullish signal. Here is a confirmed breakout of the resistance of the range with a 4H candle close above. That is our bullish confirmation on AUDUSD. Step 5 Buy aggressively or on a retest. After you spotted a confirmed breakout of the range, open a trading position aggressively or on a retest. Personally, I prefer trading on a retest. If you sell, a stop loss should be above the high of the range and your target should be the closest key daily support. If you buy, your stop loss should be below the low of the range and a take profit will be on the closest daily resistance. On AUDUSD, a long position was opened on a retest. Stop loss is lying below the lows. Take profit is the closest resistance. Here is how the great strategy works! Always patiently wait for a confirmation! That is your key to successful trading Doji Candle. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDEducation
by VasilyTrader
4
WHAT ARE Fakeouts, Shakeouts and Whipsaws?YOUR QUESTION ANSWERED! What on earth are Fake outs, Shake outs and Whipsaws? After this you will know… Fake-out: (When the price makes a false breakout of a chart pattern) A fake-out occurs when the price of a market appears to break out of a certain chart pattern. This could be a trendline, support, or resistance level. But then quickly reverses and retreats back within the pattern. Shake-out: (Where the market is highly volatile and the price moves to levels that hits their stop losses and gets traders out of their trades) A shake-out is a scenario where the market becomes highly volatile and the price moves rapidly to levels that trigger the stop-loss orders of many traders. Stop-loss orders are pre-set risk levels at which traders automatically exit their positions to limit their losses. A shake-out is designed to “shake out” weak or inexperienced traders from the market. When stop-loss orders are triggered, it can create a temporary spike in the opposite direction of the prevailing trend. Once these traders are “shaken out,” the market might resume its original trend. You’ll see this most commonly with low liquid, high volatile markets like Penny Stocks or Penny Cryptos. Whipsaw: (This is where the market will change its most prominent direction within the day). Whipsaw refers to a situation where the market quickly changes its direction within a relatively short period, often during a single trading day. This can cause confusion and losses for traders who are caught off-guard. Whipsaws can occur due to various factors, such as sudden news releases, economic data surprises, or changes in sentiment. They are characterized by sharp price movements that can make it difficult to make accurate trading decisions. Whipsaws are especially common during periods of high market uncertainty or when there’s a lack of a clear trend. Let’s create a quick summary of the three: Fake-out: (When the price makes a false breakout of a chart pattern) Shake-out: (where the market is highly volatile and the price moves to levels that hits their stop losses and gets traders out of their trades) Whipsaw: (This is where the market will change its most prominent direction within the day). If you have any trading question let me know in the comments
TVC:SA40Education
by Timonrosso
The key is whether it can rise to the second resistance zoneHello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- #BTCUSDT 1W It has risen by more than 64% and is showing resistance around the 43823.59 point for the fourth week. Accordingly, if this week's candle fails to close higher than 43823.59, there is a possibility of a downward trend. Looking at the 1W chart, the transition to a downtrend is expected to occur when the price falls below 37253.81-38531.90. Until then, it is expected that price adjustments will create a pull back pattern. Therefore, the key is whether it can rise to the 45135.66-46431.5 range. (1D) It rose to the psychological resistance range of 43160.0-43823.59. Accordingly, the key is whether it can receive support and rise in the 43160.0-43823.59 range. If it fails to rise and falls below 41350.0, it is highly likely that it will turn into a short-term downtrend, so a countermeasure is needed. However, as I mentioned in the explanation of the 1W chart, there is a high possibility of creating a pull back pattern above the 37253.81-38531.90 range, so we need to consider this and create a response strategy. If it rises beyond the second resistance range of 44200.0-47600.0, the next resistance range is 53256.64-45150.01. Accordingly, it is necessary to check whether it can rise above the secondary resistance zone between around January 1st and around January 5th, which is the period of small volatility, and around January 16th, which is the main volatility period. If it is to fall, a sharp drop must necessarily occur. If a sharp drop occurs, it is likely to touch around 32917.17-34110.32. If that happens, it is expected to quickly rise to around 37253.81-38531.90, so it is expected to be a time for aggressive buying. Have a good time. thank you -------------------------------------------------- - The big picture The full-fledged upward trend is expected to begin when the price rises above 29K. This is the section expected to be touched in the next bull market, 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 13401.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 These are points that are likely to encounter resistance in the future. We need to see if we can break through these points upward. Since it is thought that a new trend can be created in the overshooting area, you should check the movement when this area is touched. If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern. 1st: 43833.05 2nd: 32992.55 -------------------------------------------------- ------------------------------------------- ** All explanations are for reference only and do not guarantee profit or loss in investment. ** Trading volume is displayed as a candle body based on 10EMA. How to display (in order from darkest to darkest) More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA ** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own. ** This chart was created using my know-how. ---------------------------------
by readCrypto
1
Meaning of buying when falling and selling when risingHello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- #BTC.D 1D #USDT.D 1D #BTCUSDT 1D I think the Renko chart is a chart that can somewhat complement fakes and whipsaws. This chart allows you to see at a glance which section the trend or current price position is contained in. Looking at this chart, I think it can be broadly divided into two sections. The current price is in the 36000-43500 range. In that range, support and resistance areas are formed between 39000 and 40500. Therefore, if it fails to rise above 43500, I think there is a possibility of touching the 39000-40500 range. For signs of decline to appear, it must fall below 42000. Additionally, the upper line of the Price Channel indicator will be created. BTC dominance is falling to around 50. Accordingly, the possibility of fakes or whipsaws occurring in BTC volatility is increasing. Therefore, I think you should not react sensitively to BTC movements until there is a clear movement. A decline in BTC dominance means that funds are moving away from BTC and towards altcoins. Therefore, if you react sensitively to BTC movements, you may proceed with trading in the wrong direction, so caution is required. #USDT 1D In order for the coin market to turn into a downward trend, it must be accompanied by an outflow of funds. Otherwise, I don't think there could ever be a downward trend. The representative stablecoin for fund inflow and outflow in the coin market is USDT. Therefore, if the USDT chart begins to show a gap decline, then I think there will be a higher possibility that the coin market will turn into a downward trend. However, since we need to check the correlation between the movement of USDT dominance and BTC dominance, if there are signs of a downward trend, then we will tell you again. As it fails to renew the high point on the general candle chart and touches the 42K range, it seems that talk of a gradual decline is starting to emerge. If the price starts to fall, it is expected that more funds will flow into the coin market, leading to more purchases. If you look at the current USDT chart, you can see that funds are continuously flowing into the coin market due to the rising gap. Therefore, now is the time to buy. It is possible to sell some of your coins (tokens) in installments to prevent losses, but if the price falls, you must repurchase them again. Because the gap between the short-term moving average line and the mid- to long-term moving average line is large, fatigue from the upward move is high. So, the market is naturally trying to correct prices. However, if you reduce the number of coins (tokens) you hold by selling in a situation where funds are continuously flowing into the coin market, you may regret it a lot in the future, so you need to be careful in responding. If you currently have some cash reserves, you will have a good opportunity to buy more when a price correction occurs. If you think your cash holdings are low, you should secure cash by selling the coins (tokens) you currently hold that have either converted to a loss or are likely to record a loss. When a price adjustment occurs with the cash secured in this way, the average purchase price must be lowered and the number of coins (tokens) held must be increased by repurchasing. BTC's 43160-43823.59 range is a psychological split selling range. Therefore, in order to reduce the upward fatigue that has risen to the 43160-43823.59 range, it is recommended to secure profits by selling in installments. In that sense, split selling when it falls below 42053.66 can be considered a stop loss. There is a big difference between split selling when the price rises to the 43160-43823.59 range and can no longer reach the high point, and split selling at the point where the downtrend is likely to begin. First of all, there is a big psychological difference. When the price rises and you can no longer reach the high point, you sell it in installments, and you feel psychologically relieved that you have succeeded. This relief gives you the power to buy back again when the price falls, creating a pull back pattern. However, if you split and sell with a stop loss, even if the price falls and shows a pull-back pattern, you will hesitate to repurchase due to psychological anxiety about further decline. In addition, since the stop loss point and the area that creates the pull back pattern are likely to be close, you will be more hesitant to repurchase. That location is the current location, 42053.66-42278.03 section. If it falls from this range, it will hit the support and resistance range of 39845.44-42053.66. However, the important support and resistance point for this decline is the 41350.0 point. Therefore, there is a high possibility that the price will shake up and down around the 41350.0 point. Since this fluctuation is likely to lead to an upward trend during the volatility period around January 1-5, choosing to sell the split at the current price can be considered risky. You should buy when prices fall and sell when prices rise. This is one of the most basic trading strategies in trading. However, these basic trading strategies are not followed. Buying when the price is falling means buying when the price is falling and moving sideways within a certain range or showing support at a certain point. Therefore, through chart analysis, you must select the corresponding support and resistance points or sections and check the price movement. Selling when the price rises means selling when the price rises and can no longer reach the high point or shows sideways movements within a certain range. You may think that chart analysis is a very important part of trading, but this is not true. Chart analysis is just one part of trading, the most important thing is trading strategy. This is because the success or failure of a trade depends on how you create your trading strategy. trading strategy 1. Investment period 2. Investment size 3. Trading method and profit realization method You can think about it by dividing it into parts 1-3 above. Step 3 involves creating a trading strategy by checking the information learned from chart analysis, that is, price movements at support and resistance points or sections. This means that steps 1 and 2 are very important in creating an actual trading strategy. The first thing you need to do is decide which coin (token) to invest in, for what period of time, and at what size of investment. To do this, you need to step away from the chart for a moment and check the ecosystem of the coin (token) you want to trade or check aspects such as community scalability. Next, analyze the chart to see how support and resistance points or zones are formed at the current price position. You must create a trading strategy based on the confirmed information and proceed with trading. However, as you invest all your time in chart analysis and create all kinds of scenarios in your head with that information, you add your own subjective thoughts and psychological factors, which causes trading to proceed in the wrong direction. Therefore, chart analysis should be done with as objective information as possible. In order to exclude your subjective thoughts and psychological factors from this objective information, appropriate indicators must be set in the chart. Otherwise, your subjective thoughts and psychological factors will eventually be included in the chart analysis without your knowledge. I believe trading should be done by trend following. However, trends may vary depending on your perspective. Therefore, there is no need to criticize or call out anyone else's thoughts for being different from mine. This is because the investment period is different depending on your perspective. One thing I would like to say here is that when looking at trends, if possible, you should first check the trend in a time frame longer than a 1D chart. If you always trade with the trend of the time frame chart below the 1D chart, there is a high possibility of making a mistake due to fake or whipsaw. Therefore, before starting a new trade, you should check the trends on the 1M, 1W, 1D charts and mark the support and resistance points on these time frame charts on the charts. Then, by looking at the time frame chart that you mainly view and trade, check the movement at the corresponding support and resistance points and proceed with the transaction, you will be able to reduce the number of times you are caught by fakes or whipsaws. -------------------------------------------------- - The big picture The full-fledged upward trend is expected to begin when the price rises above 29K. This is the section expected to be touched in the next bull market, 81K-95K. -------------------------------------------------- ------------------------------------------- ** All explanations are for reference only and do not guarantee profit or loss in investment. ** Trading volume is displayed as a candle body based on 10EMA. How to display (in order from darkest to darkest) More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA ** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own. ** This chart was created using my know-how. ---------------------------------
by readCrypto
2
Bitcoin Futures: A Quantitative Approach to Analyzing BTCIntroduction to Bitcoin Futures Bitcoin, the pioneering digital asset, has carved a niche in the financial markets with its futures contracts. Bitcoin Futures provide traders and investors a regulated avenue to speculate on the price of Bitcoin without holding the actual cryptocurrency. This article delves into a quantitative analysis to analyze the next week's potential value of Bitcoin Futures, employing a sophisticated Neural Network model. Current Market Landscape The Bitcoin market is known for its rapid price movements. Recently, regulatory news, technological advancements, and shifts in investor sentiment have contributed to market fluctuations. Understanding these trends is crucial for traders looking to navigate this dynamic landscape. Quantitative Analysis of BTC Futures' Potential Price Movements Neural Networks & Machine Learning: At the heart of our quantitative approach is a Neural Network model. This model has been trained on historical weekly data of Bitcoin Futures, including key price points and other relevant market indicators. Data Preprocessing: To ensure accuracy, the data underwent rigorous preprocessing, including normalization to make it suitable for the Neural Network. This step is essential in highlighting the true patterns and trends in the data without noise or scale issues distorting the model's view. Model Training: Our model was trained over 500 iterations, adjusting its internal parameters to minimize prediction error. This training process involved feeding the model historical data and letting it learn from the actual price movements. Evaluation and Prediction: After training, the model's performance was evaluated. The actual prices were compared against the model's predictions to assess robustness. This evaluation is crucial in understanding the model's reliability. Impact of External Factors Bitcoin Futures are affected by a range of external factors, including regulatory changes, market sentiment, and technological developments. These factors can cause sudden and unpredictable market movements, making the analysis of future potential prices challenging. Our model takes into account the historical impact of these factors, but it's important to remember that unforeseen future events can lead to deviations from predicted values. Forward-Looking Market Views Based on our Neural Network's learning and the recent market data, the model predicts that the value of Bitcoin Futures for the next week will be around "$44,026.60". This prediction is visualized in our graph comparing actual prices against predicted values over time, providing a clear view of the model's accuracy. Given the fact that the current value of BTC is slightly under 43,000, a trader could plan a long trade targeting 44,026.60 as their exit price. Entries could be taken in many ways such as utilizing key technical supports or waiting for breakouts above key resistance price levels. In all cases, a professional approach to taking risk in the marketplace always require managing such risk using stop-loss orders and making sure the trade size has been pre-calculated. There are many more options on how to have a contingency plan in place in case BTC moved in the opposite direction our AI expected it to. More on this in future articles. The model's learning curve, depicted in the accuracy graph, shows how the prediction accuracy improved over training iterations, reflecting the model's increasing proficiency at understanding the market. Conclusion Our quantitative analysis, utilizing a sophisticated Neural Network model, provides a prediction for the next week's value of Bitcoin Futures. While this prediction is grounded in historical data and advanced algorithms, it's important for traders to consider the inherent volatility and unpredictability of the Bitcoin market. The predictive model is a powerful tool, but it should be used as part of a broader strategy that considers market news, economic reports, and other indicators. When charting futures, the data provided could be delayed. Traders working with the ticker symbols discussed in this idea may prefer to use CME Group real-time data plan on TradingView: www.tradingview.com This consideration is particularly important for shorter-term traders, whereas it may be less critical for those focused on longer-term trading strategies. General Disclaimer: The trade ideas presented herein are solely for illustrative purposes, forming a part of a case study intended to demonstrate key principles in risk management within the context of the specific market scenarios discussed. These ideas are not to be interpreted as investment recommendations or financial advice. They do not endorse or promote any specific trading strategies, financial products, or services. The information provided is based on data believed to be reliable; however, its accuracy or completeness cannot be guaranteed. Trading in financial markets involves risks, including the potential loss of principal. Each individual should conduct their own research and consult with professional financial advisors before making any investment decisions. The author or publisher of this content bears no responsibility for any actions taken based on the information provided or for any resultant financial or other losses.
CME:BTC1!
by traddictiv
2
Volatility Period: Around December 18-25Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (BTCUSDT chart) (1W chart) This period of volatility is expected to be between December 18th and 25th. At this time, the key is whether it can rise above 45135.66. If not, you should check whether a new HA-High indicator is created as it falls around 37253.81-38531.90. (1D chart) What you need to look at during this volatility period is whether it falls below the 39845.44-42053.66 range or rises above the 43823.59-45135.66 range. Even if there is no major change in BTC's movement, what is important for now is whether BTC dominance can stop sideways and form a trend. (BTC.D chart) Currently, BTC dominance is located around 53. Accordingly, I think the key is whether it falls below 50 or rises above 54. This is because I believe that in order to create an altcoin bull market, BTC dominance must fall below 50 and USDT dominance must remain below 5.89. (USDT chart) I believe that funds are continuously flowing in through USDT. (USDC chart) In addition, USDC is also showing sideways movements, forming a box section. I believe that this funding situation is sufficient grounds for volatility in the coin market. In order to form a trend in the coin market, it usually begins with significant volatility. Therefore, if significant volatility occurs during this period of volatility, a trend is expected to occur in either direction. However, in order for the price to turn into a downward trend, it must fall below 39845.44 and show resistance. If it shows support in the 37253.81-38531.90 range, it is expected that it will not be easy to turn into a downward trend as there is a possibility of creating a pull back pattern. -------------------------------------------------- - The big picture The full-fledged upward trend is expected to begin when the price rises above 29K. This is the section expected to be touched in the next bull market, 81K-95K. -------------------------------------------------- ------------------------------------------- ** All explanations are for reference only and do not guarantee profit or loss in investment. ** Trading volume is displayed as a candle body based on 10EMA. How to display (in order from darkest to darkest) More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA ** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own. ** This chart was created using my know-how. ---------------------------------
by readCrypto
6
5 TRADING PROTECTION LEVELS - NB*REMEMBER Every trader needs 5 protection levels. Stop loss to stop yourself from furthering losses Time stop loss to get you out of non-performing trades Adjusted stop loss to lock in profits when the market moves in your favour. Risk % per trade to only lose a certain amount of your portfolio % of Drawdown before you HALT trading - when the market is not in a favourable environment to your strategy. These are the control factors to manage your portfolio with better direction and management. What other protection levels do you apply?
TVC:SA40Education
by Timonrosso
The 12 Dangers of Trading DoubtDoubt is danger. It’s a big enemy for trading. And it’s something that is innate, which is hard to escape from. It leads to you to miss opportunities, destroys confidence, clouds judgement and keeps you stuck in a rut. When you are infected with doubt, this can infiltrate even the most experienced traders. This article delves into the various dangers of trading doubt and how to overcome its destructive effects. Missed Opportunities When doubt creeps in, traders often find themselves hesitating or second-guessing their decisions. Once you feel hesitation, you’ll miss great opportunities. Winners will be left on the table. All because you doubt it’ll go your way and that the markets are conducive. If you want to stop the doubt you need to act swift and make decisions within three second. 1, 2, 3 – ACT! Loss in Confidence Without confidence, you’re going to doubt. You’re going to question your skills, strategies, and abilities. As confidence dwindles, you’re going to feel strong fear, panic and worry. This will lead to irrational decisions driven by emotions rather than logic, rationality and sound analysis. Change Your System Even if you have a winning system. Doubt could cause you to abandon it. You might already be thinking of finding another. Looking for better parameters. Adding extra elements and variables. This constant tinkering will prevent you from fully realizing the potential of their proven trading strategy and approach. This is a time game. Not a week, not a month. Noth even three years. Your trading success will come from being consistent, persistent and consistently applying a well-defined strategy over time. Search for “Better” You might even doubt trading all together. You might have lost a bit of money and now you have this desire to make it back. So you’ll look into gambling, sports betting, Amway or any other scheme instead. But you’ll most likely be disappointed. Because everything worth doing well for reward, consists of elements of risk and time. Don’t Take the Trade Your finger could be between three stone walls. Or your finger could be 1 mm from the button. If you have doubt with your trades, this will paralyse you to enter a trade. This hesitation will lead you to: Miss trades Miss profits Interfere with the system Lose confidence Exacerbate panic and fear This will only set a precedent for you to do it again. It’s a bad habit that can destroy you as a trader. Don’t Follow Criteria Doubt can lead to a disregard your essential rules. You might: Get in at different levels Move your stop loss further away Close prematurely for tiny profits or Take a trade that does NOT match the criteria. If you question the trading validity of your criteria, this will turn you into an undisciplined and unsuccessful trader. Overtrading Once doubt sets in – so will mania. And to break away from doubt, you take on a dangerous path. In an attempt to overcome doubt, you might start overtrading or revenge trading. This is where you’ll enter too many trades in quick succession, without following any criteria. Emotional Roller Coaster Doubt is not just feeling lazy. It actually comes with feelings of frustration, anxiety, and self-doubt dominating their thought process. This emotional turmoil can cloud judgment and lead to reactive rather than rational decision-making. Analysis Paralysis When doubt takes hold, this is where you might go all out with indicators, parameters and price action elements. This will lead you to excessive analysis. You’ll continuously seek more information before making a decision. This analysis paralysis can cause a couple of issues. It can overcomplicate trading It makes back and forward testing almost impossible The variables can cause conflict with each other. Your charts will look like Christmas trees This can lead you to miss trading opportunities and an inability to take action. Inconsistent Results Consistency is key in trading success. Doubt-driven decisions can lead you to inconsistent results. You’ll have your journal with how the trades were SUPPOSED to go. Versus how you made them go. And this will make it challenging to gauge the effectiveness of a trading strategy over the long term. Psychological Toll Doubt is a constant battle. If you have this, it will infect your mind it will take a toll on your mental well-being. It can lead to stress, burnout, and even health issues if you don’t fix them. Loss Aversion Doubt can cause a psychological bias known as loss aversion. This is where traders become will focus to avoid losses rather than maximise their gains. This mindset can hinder traders from taking necessary risks to achieve substantial profits. Focus on cutting small losses and banking small profits and you’ll have a recipe for disaster. It’s time to build your confidence This will come from working on a trading journal, risking less and building a track record. Over time, the doubt will creep away and the certainty will override. Let’s some up the elements of doubt for a trader… Missed Opportunities Loss in Confidence Change Your System Search for “Better” Don’t Take the Trade Don’t Follow Criteria Overtrading Emotional Roller Coaster Analysis Paralysis Inconsistent Results Psychological Toll Loss Aversion
TVC:SA40Education
by Timonrosso
SAND/USDT Trading IdeaBelow is a trading idea for the SAND/USDT pair. Since the beginning of October, this asset has shown a consistent upward trend. Starting at $0.2739 and reaching a current high of $0.5970 , it has grown by more than 114% . The trend line, acting as support, confirms continued interest from buyers in this coin, having held up through three significant approaches. Currently, the asset is undergoing a correction after hitting a local price peak. The idea is to consider buying the asset if the price drops below the Value Area High and approaches the level close to the support trend line. The trend's stability is confirmed by the continuation of the upward movement after the correction from the local peak, accompanied by noticeable increases in trading volumes. After entering a position, the first target is considered to be $0.5992, with the second target at $0.7178.
Long
by Rick_SimpleSwap
Significance around 43823.59Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (USDT chart) It has risen above the high point on November 8th. I think this is evidence that a lot of money is flowing into the coin market. (USDC chart) It looks like it's about to turn, but it doesn't look like it's about to rise yet. (BTC.D chart) Among the conditions for an altcoin bull market to begin is whether BTC dominance can be maintained by falling below 50. Therefore, I think it is difficult to say that the current altcoin bull market has begun. An altcoin bull market refers to a bull market in which you can make a profit no matter what altcoin you buy. (USDT.D chart) As USDT dominance falls below 5.89-6.39, I believe the coin market has entered a bull market. If the BTC Dominus mentioned earlier does not fall below 50, it is highly likely that a bull market will continue in which only BTC will rise. Although some altcoins, including ETH, will rise along with BTC, it is expected that they will ultimately not be able to keep up with BTC's rise. If only BTC rises, BTC's dominance is likely to continue until BTC dominance rises above 61 and then begins to decline, so caution is required when trading altcoins. -------------------------------------------------- (BTCUSDT chart) (BTCUSD 1M chart) The HA-Low indicator has not yet been created on the 1M chart. This shows that BTC is maintaining a strong upward trend. Therefore, it is expected that a new trend will be formed by touching the HA-High indicator this time. If the price falls after receiving resistance from the HA-High indicator, I think there is a possibility that it will eventually lead to a decline to meet the HA-Low indicator. Currently, it is unknown how much it will have to drop to generate the HA-Low indicator. However, if the downward trend continues, we believe we will eventually reach the HA-Low indicator. If it rises above the HA-High indicator, it is likely to rise to around 47995.77-48229.91. The 47995.77-48229.91 section corresponds to the section located between 0.618 and 2.618 of the Fibonacci ratio. (1W chart) The HA-High indicator on the 1M chart has been touched, but the HA-High indicator on the 1W chart has not been touched yet. Accordingly, I think there is a possibility of a shakeup around 43823.59. Looking at the situation of the indicator, it can be thought that BTC is still in the reverse arrangement because the HA-High indicator on the 1M chart was touched first. I think there is a possibility that a shaker will be developed to convert this reversed arrangement state to a normal arrangement state. Well, there is a possibility that it will rise like this and rise to the 59370.07 point, which is the HA-High indicator point on the 1W chart. In any case, it is true that it is located in an important section in terms of the current long-term trend. There is a possibility that it will touch the 46431.5 point and a shake will occur, or there is a possibility that it will continue to decline and a shake will occur. At this time, we need to find out the funding status of the coin market. As explained in the USDT chart mentioned earlier, you can see that funds are steadily flowing into the coin market. Accordingly, even if there is a shake-up, I don't think it is very likely to lead to a major decline. However, I think the situation is a bit different for altcoins. Altcoins are likely to see a big drop since BTC dominance is trending upward. It is unknown whether the current inflow of funds is to buy BTC, ETH, or altcoins. However, given that BTC dominance is on the rise, I think there is a possibility that it is an inflow of funds to buy BTC or ETH. (1D chart) BTC is resetting the indicator as it shows sideways movements around 43K. Currently, the StochRSI indicator is showing a decline below the 50 point. Therefore, when the StochRSI indicator enters the oversold zone in the near future, you should pay attention to where support and resistance are located. When the decline in the StochRSI indicator accelerates, it is necessary to check whether BTC is maintained within the 42053.66-44200.0 range. If possible, the key is whether the price can be maintained around 43160.0-43823.59. I think it is highly likely that this means that there is a great desire for an increase and that buying is overwhelming selling. As funds are flowing into the coin market, I do not think it is right from a trend-following perspective to think that the rise will stop around the current level. This is because it is highly likely that the inflow of funds will ultimately result in an increase in the purchasing power of coins. why? I shared my thoughts on whether the prices in the current section are showing the same behavior as they are now. It is unknown whether this will lead to an altcoin bull market or whether BTC's dominance will continue as is. However, if BTC dominance falls below 50, you need to think about the possibility of an altcoin bull market starting and think about how to respond. However, since there may be a pumping of altcoins before BTC determines its direction and leads to a large rise, a trading strategy must be created accordingly. Once an altcoin bull market begins, I think chart analysis is meaningless. Therefore, it is recommended to sell in installments when prices rise sharply and come to a halt. Additionally, it is time to buy if the candle on the 1D chart is a downward candle and is supported at the support and resistance points. In an altcoin bull market, it is not a good idea to buy when the price is rising. You may make a big profit once or twice, but in the end, it will be an opportunity to buy at the highest point. Therefore, in the coin market 1. In a rising market, when the candle on the 1D chart is a falling candle, check the support at the support and resistance points and buy. 2. In a falling market, the time to buy is when it breaks through the support and resistance points on the 1D chart. I think points 1 and 2 above apply to the basic trading method. When an altcoin bull market or bear market is in progress, movements occur regardless of the status of the indicator, so trading is possible using the above trading method even if the indicator is overheated. However, you should enjoy your investment as prices continue to rise. A 100% sell in a bull market means that this altcoin will not be traded in the future. Therefore, the trading method of selling 100% is not appropriate. Under no circumstances should you stop trading. This does not mean that you must continue to trade unconditionally. This means that you must constantly check the chart of the coin you want to trade and constantly observe when to start trading and when to sell. (4h chart) The gap between the 5EMA of the 1D chart and the M-Signal indicators of the 1M, 1W, and 1D charts shown on the chart has widened considerably. Accordingly, it is necessary to determine how this gap can be reduced in the future. The best way, in my opinion, is to touch the M-Signal indicator on the 1D chart, maintain an upward trend, and move sideways near the current price until the M-Signal indicator on the 1W and 1M charts rises. I believe that these sideways will make it difficult for individual investors and will naturally encourage selling, providing an opportunity to secure a stable supply. At the same time, we expect that all high leverage will be liquidated. -------------------------------------------------- - The big picture The full-fledged upward trend is expected to begin when the price rises above 29K. This is the section expected to be touched in the next bull market, 81K-95K. -------------------------------------------------- ------------------------------------------- ** All explanations are for reference only and do not guarantee profit or loss in investment. ** Trading volume is displayed as a candle body based on 10EMA. How to display (in order from darkest to darkest) More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA ** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own. ** This chart was created using my know-how. ---------------------------------
by readCrypto
$BTCUSD Retraction Point Approaching The BITSTAMP:BTCUSD pair is nearing a crucial resistance level at $46,177, signaling potential price retraction. Our indicator ( w.aritas.io ) suggest a gradual exhaustion of bullish momentum, with increased short positions. Additionally, the Relative Strength Index (RSI) is approaching the overbought (OB) zone, indicating a potential reversal. Caution is advised, and a retracement to around $39,375 is anticipated. Traders should closely monitor these levels for potential trend changes.
COINBASE:BTCUSDLong
by wikitrades
The only constant with trading the markets is...The only thing constant about financial markets is that they change. And since 2007 or so, with the higher availability of trading different instruments and markets world-wide. And not to mention, the ability to go long (buy) and go short (sell). Yes, these everyday possibilities were difficult to find and trade back then. Now I’m speaking my age in the markets. But it’s important to know, the algorithms are changing the game every single year. As long as you’re a trader you need to be able to learn, grow, adapt and evolve with every changing markets. Let’s go into details about WHY the markets are changing… Since around 2007, the landscape has undergone significant transformations, driven by several key factors that shape the dynamic nature of these markets. 1. Globalisation and Technological Advancements Traders now are able to gain access to enhanced connectivity, facilitating participation in markets worldwide. They also have amazing trading and charting platforms like TradingView. This increased speed of information dissemination and transactions has a profound impact on market dynamics. And this helps contribute to the perpetual state of change. 2. Diversification of Instruments and Markets The availability of diverse financial instruments, ranging from stocks and bonds to commodities and cryptocurrencies, has expanded trading possibilities. Each year we seem to have more assets, markets, instruments, structured products and choices. It's building into a trading universe in a way. And each market possesses unique characteristics influenced by distinct factors. This diversity introduces complexity to trading strategies. And this requires traders to navigate a broad spectrum of instruments with different behaviors. As long as there are new and improved assets, the markets will always change. 3. Long and Short Positions Unlike in the past, where shorting certain markets proved challenging, the ability to go long (buy) and short (sell) has become more prevalent. This flexibility allows traders to capitalize on both upward and downward market movements. With the ability to go long and short a variety of markets, this is changing the financial landscape of the markets. Price action no longer moves in a Zig Zag 45 degree motion. There are more dips and rallies without strong trends, like in the past. All because of the intrciacies of long and short positions also adds intricacy to risk management strategies. talking about algorithms. 4. Rise of Algorithmic Trading Algorithmic trading has emerged as a game-changer in financial markets. This involves using computer programs to execute trades based on predefined criteria. The influence of algorithmic trading is profound, contributing to increased liquidity, faster execution, and the development of innovative trading strategies. As algorithms evolve each year, they continually reshape the dynamics of the trading landscape. 5. Market Participants and Strategies The composition of market participants has evolved, with institutional investors, hedge funds, high-frequency traders, and retail traders all playing pivotal roles. All of a sudden we've seen a spike in the new trend of trading with Smart Money Concepts and Inner Circle Trading, in the last two years. These changes in the behavior and strategies of these participants can swiftly impact market trends and volatility. The influx of retail traders, facilitated by online platforms, further adds new dynamics to the markets. So once again, the only constant for traders is the change that is taking place in the financial landscape and market universe. Traders who evolve, adapt, acknowledge and respond effectively to the perpetual state of change are better positioned for success in this dynamic and challenging environment.
JSE:J200Education
by Timonrosso
9 Elements to Master Algo-TradingThere are two types of trading. Discretionary where you buy and sell based on variable factors. Mechanical where you buy and sell on fixed factors. If you want a strong edge with the markets, then you’ll need to consider the latter. And hence we have algorithmic, or algo trading. Algo trading, or algorithmic trading, is the use of computer programs to automate the process of trading financial assets. These programs, or algorithms, execute trades based on predefined rules and criteria. Now when you dissect algo trading to its core, you’ll realise there are important elements you’ll need to consider to master it. Element #1. Database Management & Analysis Algo trading simply begins with a whole bunch of comprehensive and organised data management. You’ll use the financial markets to generate vast amounts of data, including historical price movements, trading volumes, and momentum indicators. Basically, you’ll need this database to create a strong back tested analysis. That way you’ll be able to get the accurate data to tell you how it’s performed, the expectations and the best and worst case scenarios. Element #2: Statistical Analysis Once you have the database of tested information. You’ll be able to work on your statistical analysis to see the inner workings of the system in action. Win & loss rate Best & average winners and losers Drawdown averages Average trade Expectancy formula Biggest and smallest winner & loser Average week, month, quarter and year Basically, all the stats you need that forms the bedrock of successful algo trading strategies. When you have this data you’ll be able to spot trends, correlations, and anomalies within financial data. Element #3. Pattern Recognition Skills Pattern recognition is a core competency in algo trading. We aren’t fully there yet with AI, Machine Learning and Deep Learning. But we’re getting there. With trading expertise combined with algorithmic precision – this will allow computers to find recurring chart patterns, candlestick formations, and technical indicators. These patterns often help give trends, reversals, potential market movements, and opportunities to enter or exit a trade. E lement #4. Machine Learning Machine learning, a subset of artificial intelligence. By using historical data, machine learning algorithms can adapt and improve trading strategies over time. So whether you have a moving average, chart patterns, Smart Money Concepts, Fibonacci or any other trading system. With Machine Learning, it will input more data and will be able to change, add, remove and optimise elements in your strategy to make it MORE successful. In just no time at all, these algorithms will learn from past successes and failures, fine-tuning trading parameters and strategies to optimise your trading performance. E lement #5. Trading EA Strategies Expert Advisors (EAs) are your everyday trading robots. These are algorithmic programs that are developed for trading platforms like MetaTrader and soon TradingView. These EAs help you to execute trades based on your pre-defined rules and criteria. You’ll then be able to design and backtest these strategies to make sure they are viable and profitable in REAL market conditions. And when it’s time to take trades, EAs do it for you. They will be able to automate the execution process – with no emotions or hesitance. This will allow you to capitalise on opportunities 24/7 without any human intervention. And you no what that means. It’s going to do the job! Element #6. Problem-Solving Skills You are going to hit a bunch of obstacles in the way. There are major challenges when it comes to algo-trading. And you’ll need to have strong problem-solving skills to overcome them and succeed. Just like programmers deal with bugs, glitches and problems with code. You’ll also find problems with paramaters, markets, rules, criteria and risk management calculations. If you have strong problem-solving skills you’ll be able to quickly identify and sort out the issues, diagnose causes, and find and implement solutions to maintain consistent performance. Element #7. Attention to Detail You need to have an eye for algo-trading. When the smallest discrepancies or inaccuracy can have major consequences for your portfolios performance. You’ll need to consistently review your strategies, parameters, and data inputs. That way it’ll help to make sure your system is accurate, reliable and trustworthy. Element #8. Risk Management It’s not just about creating a solid trading strategy and system. You’ll need to have effective risk management too. With Algo trading, you’ll need to employ a couple of money management techniques like: Position sizing Stop-loss orders and criteria Portfolio diversification When to close based on over time When to adjust your positions When to risk a certain percentage based on different market environments This will help you to protect, preserve and prosper with your portfolios. Element #9. Market adaptability Markets are dynamic. Markets trend. Markets move sideways. Markets jump in irrational circumstances. As an algo trader, you’ll need to find a way to adapt your system into the programme to identify these market environments. E.g. When the main market is above the 200MA only look for longs When the main market is below the 200MA only look for shorts. When the market is within a box range – Don’t look for any trades. As you can see, there are many elements to being a successful algo-trader. It also takes a ton of innovation. But have this article with you, for when technology and developments improve – You’ll have certain ideas and steps to take to improve your algo trading. Let’s sum up the important elements to algo-trading… Element #1. Database Management & Analysis Element #2: Statistical Analysis Element #3. Pattern Recognition Skills Element #4. Machine Learning Element #5. Trading EA Strategies Element #6. Problem-Solving Skills Element #7. Attention to Detail Element #8. Risk Management Element #9. Market adaptability Do you use Algo-Trading with the markets?
JSE:J200Education
by Timonrosso
Q&A MARGIN CALL - Everything you need to know Today's Q&A I want to answer the most common questions I get about Margin Calls. Let's begin. Q. What is the Margin Call? A margin call is a situation where a trader does not have enough funds in their account to keep a trading position open. Your broker will either phone you or you'll receive an automated message with a margin call warning. Q. What can you do when you hit a Margin Call? If you are ever in this situation, you will be instructed to do two things. Deposit more funds into your portfolio to keep your trading positions opened. Close your current open position/s that are running at a loss, before your trading platform closes them out for you. Tip: When setting up a trading account with a broker find out what their minimum margin requirements are. Q&A: Can you show an example with a Margin Call? Let’s look at an example with a Margin Call Here are the specifics: Equity portfolio: R10,000 Initial margin deposit: R5,500 You buy a CFD trade which says you need to have at least 30% of the margin (initial deposit) in your account, to keep the trade opened. This means, you need R1,650 (30%) in your account to keep your trade opened. The next day comes and the market crashes below your stop loss. Your new account balance is now R1,500… Unfortunately, you’ll hit a Margin Call as your portfolio only has 27% of the initial margin of your trade. = Equity ÷ initial margin deposit = R1,500 / R5,500 = 27% 27% is less than 30% of what you need to maintain an open trade. The broker now has the right to close the trade and to send you a notification about what happened. You will receive a margin call to instruct you to deposit more money into your account or to close your trading positions. Q&A: What if I can't pay back the money when I hit a Margin Call? Essentially, you will be owing the broker as they will not be carrying the risk. If you cannot pay it or refuse to clear the negative balance, you will not be allowed to trade with the broker and/or trading platform again until you pay what you owe. Depending on the size of the debt, if you refuse to pay it then some brokers may have the legal right to pursue the outstanding debt through legal means. This means they could file a lawsuit. They could even take the matter to court, where a judgement may be issued where the trader will be required to repay the debt. What Q&A would you like to see next? If you enjoyed it or found this useful let me know so I can do more for TradingView... Trade well...
JSE:J200Education
by Timonrosso
Next volatility period: around December 9thHello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (BTCUSDT 1D chart) As the period of volatility comes to an end, it is expected to close below the 37253.81 point. Currently, the HA-High indicator is trending sideways, so the HA-High indicator is not consistently level and is showing volatility. Accordingly, we believe that the HA-High indicator is not yet suitable for the role of support and resistance. Therefore, we need to check in which direction it deviates from the 36136.51-37253.81 range and seek a response plan. In any case, it is sideways in the 34786.17-37779.56 range. So, if you look at BTC itself, it is just moving sideways. However, it is felt that the movement of altcoins will cause great volatility in the coin market. I think that your psychological state becomes unstable in this situation because the average purchase price of the coins (tokens) you own is high or the investment proportion of the altcoins you own is high. If this state of anxiety continues to occur frequently, there is a high possibility of trading in the wrong direction, so I think it is a good idea to block this psychological state before it occurs. As this period of volatility passes, it shows a break away from the newly created rising trend line (2) and a break from the rising channel that was formed. Accordingly, we need to check whether it can rise above the rising trend line (2) again based on around December 1st. If not, you need to check if there is any movement out of the 34786.17-37779.56 range around December 9th, the next volatility period. Since the highs of the StochRSI indicator are in a downward trend, we can see that the strength of the uptrend has weakened. Accordingly, if it does not rise above 37253.81 quickly, it is likely to fall below 36163.51-36568.1, so a countermeasure is needed. Compared to the volatility of BTC, the volatility of altcoins has increased. (BTC.D 1D chart) While BTC dominance is sideways around 52, altcoins have fallen by about -20%. (USDT.D 1D chart) USDT dominance is also trending sideways. It appears that the funds withdrawn from altcoins are being used in the BTC market or ETH market. Therefore, I think it is being used to buy BTC or ETH. I believe that this phenomenon is being driven by the futures market, which causes the coin market to fall and causes coins to be purchased in the spot market. This is likely to continue until you reach your goal of buying BTC or ETH. Accordingly, the coin market is facing a good opportunity. (1W chart) Good opportunities in the coin market are expected to appear on the 1W chart. In other words, as the HA-High indicator falls, it is expected to increase liquidity by increasing volatility in the coin market. At this time, we just need to check whether we receive support or resistance near the newly created HA-High indicator and respond accordingly. If the HA-High indicator receives resistance and falls, it is highly likely that it will eventually touch the HA-Low indicator, so there is a possibility that a new HA-Low indicator will be created. If the HA-Low indicator shows support around it when it is newly created, it is time to buy. This buying time is 1st: 32917.17-34110.32 2nd: 29241.72-30767.38 This applies to the 1st and 2nd parts above. This movement has the potential to be used to create a pull back pattern. Since you will only find out when the pattern is complete, there is a high possibility that you have already missed a good opportunity when you realize that you have created a pull back pattern. Therefore, it is likely that the time to buy will be when the coin market is full of fear. If this is not possible and you encounter resistance from the HA-Low indicator, there is a high possibility of a downward trend, so you can respond accordingly. The way to respond is to reduce the investment proportion of coins (tokens) you own to prepare for a major decline in the future. Therefore, when it falls near the first and second sections above, there is a possibility that a new HA-High indicator may be created. Therefore, the fact that the HA-High indicator on the 1W chart is falling will create an interesting experience in the future. To fully enjoy this experience, you need a trading strategy. It is not right to try to trade in the coin market the same way you traded in the stock market. Therefore, the selling strategy used in the stock market is not suitable for the coin market. The stock market trading method is to obtain greater profits by using a large amount of investment to secure a large number of stocks. If this method is applied to the coin market, there is a high possibility that the period of holding the coin while recording a loss will be longer than the period of profit. Therefore, a trading strategy suited to the coin market, that is, a selling strategy, is needed. -------------------------------------------------- - The big picture The full-fledged upward trend is expected to begin when the price rises above 29K. This is the section expected to be touched in the next bull market, 81K-95K. -------------------------------------------------- ------------------------------------------- ** All explanations are for reference only and do not guarantee profit or loss in investment. ** Trading volume is displayed as a candle body based on 10EMA. How to display (in order from darkest to darkest) More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA ** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own. ** This chart was created using my know-how. ---------------------------------
by readCrypto
1
$BTCUSD Long to 40KThe current analysis of BTCUSD suggests a discernible momentum shift, indicating potential trading opportunities. Our proprietary indicator, Cristallu ( w.aritas.io ), reinforces this observation, recommending entry points at 37,700-37,800. This strategic entry is accompanied by a Take Profit (TP) target at 40,500 and a Stop Loss (SL) set at 0.23% of 37,800. It's essential to monitor the market closely for updates and adjust positions accordingly. The context of the Bitcoin market is further enriched by insightful analysis on TradingView: .As discussed in your analysis, the imminent introduction of Bitcoin Exchange-Traded Funds (ETFs) is a pivotal factor to consider. ETFs have the potential to significantly influence market sentiment, introducing both opportunities and risks. The anticipation of Bitcoin ETFs underscores the importance of a nuanced approach to trading. While the market may experience heightened volatility and increased trading volumes, strategic entries and exits can be leveraged for optimal results. Your analysis on TradingView provides valuable context, emphasizing the need for caution and vigilance. As we navigate the dynamic cryptocurrency landscape, it's crucial to stay attuned to market developments, incorporating both technical indicators like Cristallu and broader market trends such as the potential impact of ETFs. This comprehensive approach ensures a well-informed and adaptive trading strategy, aligning with the ever-evolving nature of the cryptocurrency market.
COINBASE:BTCUSDLong
by wikitrades
Stop Multi-Tasking and Start Mono-Tasking! – 8 Trading ReasonsYou’re risking your own money when trading. You realise that? And in this fast-paced world, it takes a split second to break a fortune. It takes a split second to miss an opportunity. It takes a split second to lose focus. And it’s all down to one trait that is actually detrimental to your trading. Multi-tasking. Here’s why. Reason #1: Missed Opportunities When you try to juggle too many charts, markets and tasks at the same time – it’s risky. And if you distract yourself at the same time with social media, your cute cat, the news and hype… It makes it a whole lot worse. You might miss the best and highest probability trades – that you need to grow your account. If you want to really dig into finding the best opportunities you need laser focus and tunnel vision. So stop multi-tasking and instead stick to mono tasking. Reason #2: Delays in Priorities If you multi-task, it can lead to a delay in focusing on high-priority tasks. Any delay, can result in: Catching the trade too late Skipping the trade completely Forgetting what you need to execute Taking an unnecessary loss You need to stop diverting your attention away from urgent market developments. Instead, make it a priority to focus on finishing that one task. And make sure you do it with your undivided attention. Reason #3: Elevated Stress Levels As traders, we’re not only working on our method and money management – but also our mindset. Financial trading and risking money is already stressful alone. So, multi-tasking can only exacerbate this stress. And when you get stress you don’t need me to remind you what happens: You see red Your judgement becomes cloudy You make impulsive decisions You make wrong decisions Your emotions override your logicality and rationality. You can get stress all because you’re doing too many things at once. Keep to one thing and compartmentalise the others. This will do wonders for your stress levels. Reason #4: Drop in Productivity You’d think if you do more, it’ll enhance productivity. Because you’ll get stuff done right? Um no. With complex instruments analyses and risk management principles, trading needs deep analysis, strategic planning, and quick execution. With multi-tasking, you’ll most likely shift between tasks rapidly. This will not only disrupt the flow of concentration you need for one task at a time. It could also reduce the efficiency and suboptimal outcomes for every task you take on. Reason #5: More Mistakes To err is human. And if you multi-task and take on too many things, this will increase the likelihood of errors in trading. You might enter the wrong amount. Get in at the wrong prices. Get your volume wrong. But more likely, you’ll misinterpret good market signals. Each mistake has the potential to reduce your profits and damage your reputation. Reason #6: Reduced Learning Opportunities Successful trading is an ongoing learning process. When you multi-task, it hinders you from fully engaging with market trends, historical data, and educational resources. When you’re learning one thing – stick to one thing. Or it’s going to go in the one ear – out the other. Be passionate and fully immerse yourself in the one thing you’re learning at a time. You’ll find you’ll get a better and deeper understanding which is critical for your learning journey. Reason #7: Loss of Concentration Multitasking fragments attention. This makes it super difficult to maintain the level of concentration you need when trading. When you jump from one thing to another. This rapid task-switching, diminishes the brain’s capacity to keep focus. And this could lower your analytical attention. Reason #8: Overwhelm and Burnout We’ve spoken about how multi-tasking increases stress and cortisol levels. But if you fail to work on it, you’re going to eventually go kaput. This is a forever game. The last thing you want to do is burnout in the journey. The last thing you want to do is develop a mental fatigue. The last thing you want to do is fail because you quit. Final words. Stop multi-tasking and start mono-tasking. Your singular focus will show you amazing, productive, optimal and efficient results. Not just with trading, but every task you set your heart and mind to. Let’s sum up the 8 reasons why Multi-Tasking is an absolute NO when trading. Reason #1: Missed Opportunities Reason #2: Delays in Priorities Reason #3: Elevated Stress Levels Reason #4: Drop in Productivity Reason #5: More Mistakes Reason #6: Reduced Learning Opportunities Reason #7: Loss of Concentration Reason #8: Overwhelm and Burnout
JSE:J200Education
by Timonrosso
A trading strategy is needed to stabilize the psychological stat== A trading strategy is needed to stabilize the psychological state. == Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (USDT chart) A very long upper tail was created on November 8th. Then, the gap continues to rise. I believe that this continuous gap increase means that funds are continuously flowing into the coin market. Accordingly, I believe that if the current inflow of funds is concentrated towards BTC and the price is defended, this will eventually lead to an upward trend in BTC. (USDC chart) The key is whether the gap can rise above 24.98B. I believe that USDC has less influence on the coin market than USDT. The reason is that the USDC market is not active. Therefore, if funds flowed into the coin market through USDC, I think there is a high possibility that they will be exchanged for USDT. Otherwise, I think BTC will most likely be used for trading. ------------------------------------------- (BTC.D chart) In any case, funds are flowing into the coin market through USDT or USDC. In these situations, we need to check BTC dominance to see where our real money is being spent. For the coin market to show a full-fledged upward trend, it is expected that BTC dominance rises above 61 and then begins to decline. Therefore, rising BTC dominance means that funds are being concentrated towards BTC. It is unknown whether funds concentrated in this way toward BTC will cause the price of BTC to rise or fall. Therefore, when BTC dominance rises, altcoins are likely to gradually sideways or decline. (USDT.D chart) A falling USDT dominance means that funds are being used in the coin market. Accordingly, the coin market is likely to show an upward trend. Currently, funds are continuously flowing in, but BTC dominance and USDT dominance are showing sideways movements. If sideways moves like this, individual investors are more likely to feel unbearable anxiety, so they will naturally sell their coins (tokens) in installments. To encourage this further, circular pumping of altcoins occurs. Accordingly, BTC will move very slowly, and altcoins are likely to become more active. However, if you look at the movements of BTC dominance and USDT dominance, you can see that the fluctuation range is not large. You can see that trading is not that active. Individual investors are accustomed to waiting. However, because they are psychologically unstable, they just give up waiting, but they are used to waiting. However, investment companies, institutions, and whales are not accustomed to waiting. However, I think they just seem accustomed to waiting because it has the power to shake the psychology of individual investors. For a bull market to start this year, I believe BTC dominance must fall below 50 and USDT dominance must fall below 5.89 and remain there. Therefore, I think that the way to relieve one's psychological anxiety is to increase the number of coins (tokens) corresponding to profits while controlling the proportion of coins (tokens) held until then. This is because individual investors are highly likely to make wrong choices if their psychological state becomes unstable, no matter how profitable they are. This is because I believe that if you can stabilize your psychological state even if you earn less profit, you will eventually be able to close the transaction successfully. -------------------------------------------------- - The big picture The full-fledged upward trend is expected to begin when the price rises above 29K. This is the section expected to be touched in the next bull market, 81K-95K. -------------------------------------------------- ------------------------------------------- ** All explanations are for reference only and do not guarantee profit or loss in investment. ** Trading volume is displayed as a candle body based on 10EMA. How to display (in order from darkest to darkest) More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA ** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own. ** This chart was created using my know-how. ---------------------------------
CRYPTOCAP:USDT.D
by readCrypto
1