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Volume Weighted Moving Average (VWMA)

CRYPTOHOPPER WEBHOOK PEPEUSDT 45MIN RSI WITH CONDITIONS STRATEGYRSI Strategy with EMA and VWMA Conditions Objective This trading strategy leverages the Relative Strength Index (RSI) in combination with the Exponential Moving Average (EMA) and the Volume Weighted Moving Average (VWMA) to identify potential buy and sell signals for trading cryptocurrencies on the Cryptohopper platform. How it works: Buy Signal: A buy signal is generated when the RSI crosses above the user-defined lower threshold and the EMA (9) is above the VWMA (20). Sell Signal: A sell signal is generated when the RSI crosses below the user-defined upper threshold. Indicators Used: RSI: A momentum oscillator that measures the speed and change of price movements. EMA (9 period): A moving average that places a greater weight and significance on the most recent data points. VWMA (20 period): An average that also accounts for volume, giving more weight to periods with higher volume. How to Set Up Alerts for Webhooks: To create alerts that can be sent as webhooks to Cryptohopper, follow these steps: Apply the script to your TradingView chart. Click on the 'Alerts' icon on the right-hand side toolbar. Choose the script from the dropdown in the 'Condition' field. You will see two options: "Buy Alert for Webhooks" and "Sell Alert for Webhooks". Select the desired alert condition. In the 'Options' section, set the alert action to 'Webhook URL'. Enter your Cryptohopper webhook URL into the 'Webhook URL' field. Configure the alert message according to the format required by Cryptohopper. Save the alert. How Alerts Are Generated: The script will continuously monitor the chart based on the conditions you've set. When a condition for either a buy or sell signal is met, TradingView will trigger the alert. If set up for a webhook, TradingView will send an HTTP request to the specified webhook URL with the message payload. Disclaimer: This script is for educational purposes and should not be taken as financial advice. Trading cryptocurrencies carries a high level of risk, and you should do your own research or consult a financial advisor before making any investment decisions.
Long
by PPonBIN
Know Your Sh-- Er, Poop: Bitcoin Testing Its Bullish Status!Hey there, TradingView... long time, no chat! If you're like me, you've been waiting the past two-plus months to find a clear sign that Bitcoin has either: (1) “officially” bottomed already, or (2) pushed itself to another point of capitulation, thus creating a new and (likely) final bottom. In the time since BTC dropped from 6K to 3.1K, it has not closed above 4.2K or below 3.3K. So this waiting game is starting to get tiresome… Luckily, we’re finally seeing some major developments, and I’ll illustrate WHY THIS IS BIG by pinging off a pair of ideas. IDEA ONE: Bitcoin may come to test its bottom via the 200-week moving average (by tabsports) Back in December, I published the idea that I will not buy long-term just yet, because Bitcoin was testing the 200W-MA (around $3178 on Bitstamp at the time of publishing). I then concluded my idea by claiming that BTC will either: (1) fall below the 200W-MA, thus giving us one final bit of capitulation while establishing the long-term bottom, or (2) bounce back from the 200W-MA, only to revisit this moving average to test the “official bottom” of the post-19K bear market. The former situation would’ve established the bottom within weeks, while the latter meant we would need months to see the bottom. As you can safely conclude, the former has played out. I published the idea in question on December 15. By the time the next weekly candle closed, BTC was up around the 4K range. It peaked at around 4.2K before Christmas, before the price eventually fell back to the 3.3K range at the Jan19-Feb19 turn of the month. At the time of the fallback, the 200W-MA was around at $3298.50 and $3315.57 on Bitstamp for the two weekly candles in that timeframe. ONCE AGAIN, Bitcoin bounced off the moving average, and it pushed back to the 4.2K peak before taking a regression-based tumble on Sunday. Despite this development, I’m hesitant to call the bottom just yet. I was burned when calling the 6K bottom, despite Bitcoin resisting the bears at 6K about four or five times. Maybe it was too much natural bear pressure that caused the eventual breakdown. Maybe it was the Bitcoin Cash drama. Either way, it destroyed an idea that held up for six months. As a result, I’m going to be more cautious after taking that L. IDEA TWO: Bitcoin may have established its bottom by breaching the 50-day exponential moving average (by MagicPoopCannon) Here’s where I give somebody else props, because his idea gave me some inspiration. While MPC was calling a 3K bottom (or worse) back in April (or earlier), I was focused on short gains that were bouncing off a 6K bottom. That initial idea worked for me, taking Bitcoin from 6.8K on Coinbase at the time of publishing to 9.9K about one month later. However, that was merely a short-term triumph. Now, it’s clear that 3K bottom was reached... or worse. If you sold at the dump below 6K, you didn’t suffer much. But if you held, odds are you are still hoping for a major recovery to help your gains. Luckily, MPC recently pointed out that Bitcoin has surpassed its 50D-EMA , and this is a bullish sign. (Seriously, go give a read to his ideas related to this focal point of analysis. He deserves credit for the insight.) Using this idea as inspiration, I show in this chart a comparison between the 50D-EMA (amber) and the 5-day volume-weight moving average (dark grey). As you can see, the 50D-EMA is greater than the 5D-VWMA on Coinbase for the first time since the Aug18-Sep18 turn of the month. Indeed, this is a short-term bullish sign. However, now we must consider that $400 drop on Sunday. At the time, the daily RSI was overbought, and I personally stay away from buying. Sunday’s dump was pretty hasty and nasty, but it did the important thing of holding up at the 50D-EMA. It has even bounced back a bit in the past day. This is a potentially great sign that both the active Bitcoin price and 5D-VWMA will stay above the 50D-EMA for the upcoming days and/or weeks. Keep an eye on how these two developments play out. Monitor the 200W-MA (Bitstamp), 50D-EMA (Coinbase) and 5D-VWMA (Coinbase). If the 5D-VWMA resists at 50D-EMA, it means the bulls have a chance to truly get this run going. If it fails and goes back to the 200W-MA, it means we’re left to speculate the Bitcoin bottom once again. And finally, if it breaks below 200W-MA, it would likely mean once final bit of capitulation. (The good news in the last case is that there’s a juicy buy and perhaps the much-desired arrival of the crypto winter solstice. Seriously, enough waiting... I'm eagerly awaiting the next crypto spring!) So, to conclude, know your poop about these Bitcoin developments! THIS IS NOT ADVICE TO BUY OR SELL, but rather a call for further research on how Bitcoin is establishing/testing both its long-term bottom and short-term bull status. Once we see how these developments play out, we’ll know when and how to take some real action. Until then, happy trading!
COINBASE:BTCUSDShort
by tabsports
BITCOIN: Closing in on a Moment of TruthNearly a month ago, I discussed how Bitcoin's volatility has lessened greatly in the past few months. Save for the September 5 drop of nearly $700, the primary assessment from that idea has held up firmly. With one tiny blip excluded, the price action has remained entirely within the 6.1K to 7.4K range in September. However, there's still an open-ended matter to monitor from a follow-up comment, made on August 31: "Within 3-4 weeks, I expect the 200-day VWMA to fall under 8K. Meanwhile, Bitcoin could be pushing somewhere between 7.7K and 8K if it continues a path towards being overbought. This scenario may mark a crossroads for Bitcoin for the rest of 2018. Personally, I expect the next RSI overbuy approach/arrival to coincide with a rejection at the 200-day VWMA. However, THAT MAY WEAKEN THE RESISTANCE AT 200-DAY VWMA, which could open a run past and above the line in the near future. This is pure speculation, but how does another December bull run sound?" Now that we are in that 3-4 week range since that comment, let's do a proper follow-up: The 200-day VWMA is sitting just below 7.6K, working well within expectation. The daily RSI did not reach or even approach "overbought" status, thanks to the sharp price decline on September 5. Bitcoin has yet to reach or approach the 200-day VWMA, but arrival will happen sooner than later. Bitcoin has rested roughly 800-900 dollars below the 200-day VWMA for the past few days now. That means only one rally is enough to test the 200-day VWMA. Just look at the upcoming candles that will leave the 200-day range: March 9 ($9255.00), March 10 ($8795.44), March 11 ($9533.88), March 12 ($9120.00) and March 13 ($9145.41). That average closing price of that span is approx. $9169.95 (rounded to nearest cent). Let's compare that to 6.8K, which is a highly possible 5-day VWMA over the next week. This could drop the 200-day VWMA by $50-60 just within the next week, pushing it closer to 7.5K or lower. And better yet, because BTC didn't drop to 7K until March 29, the 200-day VWMA will drop even further over the successive two weeks, perhaps to 7.4K or lower. Compare this to the upper bound of my blue trendline channel, which currently sits at $7400.80 and moves up by approx. $9.26 per day. That means within three weeks, the upper bound would approach 7.6K or above. A rough calculation gives us about a 2-3 week timeframe for the trendline channel to meet the 200-day VWMA. Even if Bitcoin doesn't rally, the current trend suggests that the 5-day VWMA will stay mostly within the trendline channel. In the past month, the 5-day VWMA briefly escaped the channel three times, but resistance quickly pushed it back inside the channel in each instance. This means we are soon closing in on Bitcoin's 200-day VWMA. A crossover above the moving average obviously makes for great news, and a bull run would likely follow. A bounce-back below the moving average means that Bitcoin still has work left to do. I wouldn't call it a completely bearish signal, though. As mentioned in the earlier quote, resistance at the 200-day VWMA could be weakened in this case, and that may open up a bull run after the NEXT arrival at the moving average. For those getting impatient by the steady price action of Bitcoin in the past few months, find comfort in the reality that major moves will soon be made by Bitcoin, for better or worse. And when that happens, get ready to BUY or SELL.
COINBASE:BTCUSDShort
by tabsports