#bitcoin bounce odds 3-1 or doubts about future dominance maybeLoads of predictions and time to try and make it simple maybe using roughly same principles as when bitcoin first hit $6000 low back in February 2018. I think if bitcoin goes lower then there may be serious doubts about its future dominance and likely institutional portfolio weighting going forward into 2019.
Btc-e
Bitcoin LOGISTIC CURVE LOGISTIC CURVE
The logistic curve describes the speed of information dissemination among people. This graph describes the distribution of information in an environment.
At first, a instrument is of little interest to anyone, investors are afraid of buying it, and its price fluctuates around r °. At this time, the initiated ("elite"), solely owning important information, begin to buy it, the price slightly grows. Then the information is shared with a small circle of insiders, individual purchases grow into active buying, the price of the instrument abruptly takes off. The general public is perplexed and can not understand what is the reason. At the third stage, news comes out and investors fearing not to have time to "jump into the last car" buy up this tool that the "elite" and "proxies" are happy to sell to them at the maximum price (with joy, because at that time the "elite" there is already new information that the "elite" has taken into account, a new logistic curve in another instrument begins, or in the same, but with another sign, sales begin). The third stage is completed, when the whole society is aware of what happened, discuss everywhere, in the metro , all who could have already made There is no one to sell.
Practice of application: the most important is to determine at what stage the price for the asset is now at which you paid attention and in relation to which you received some information. You can recognize and apply the Elliott waves .
The main thing is not to get into the crowd number at stage 3. If in all financial newspapers, on news sites, on TV there is a discussion of news / ideas - in fact, it is no longer news, this crowd of investors are bred, and this idea should not be used as its defining action (unless with another sign, directly opposite).
Examples in life and the stock market abound. On the classics the same was done with bitcoin last year
People do not change over time. Information and actions of the consonant received information people do the same actions.
The only thing that changes is the slope of the logistic curve - information dissemination rate
As a rule, 90% of bulls in high. And then the market unfolds and vice versa
If you are constantly being told the same thing, then everybody knows it already. It is necessary to look not at the news
If everyone around you screams the same thing, then you are in the upper zone
The task of stepping back from the noise
The main task is to be in the lower green zone. "When there's blood on the streets, buy property"
Bitcoin Oversold (RSI Lowest since 2015)Bitcoin’ RSI indicator has hit its lowest level since 2015.
Bitcoin’ is also oversold on the weekly time frame, this is a very strong signal.
You can see support levels on the chart, these are relevant now.
Lots of good can develop from here, it is good to have this drop. Bitcoin’ stalled since February, this is surely going to bring some action into the market. Action, is what we want.
TIME TO BUY BITCOIN’
Thanks a lot for reading.
Namaste.
P.S. This is no trade advice.
#bitcoin do these 10 indicators tell us something 2018 vs 2014Study of 200 MA updated to include a variety of indicators with default settings multiplied by 30 (30 days average in month). Maybe next bull run will work on a different multiple and those using 30 will be too late to catch it. Cannot predict outcomes, but can sure tell us something's odd/different about today.
Each chart has an extra indicator added to the live chart at the top of the thread and with the 200 MA removed. Each extra indicator has had default settings multiplied by 30 and some are in log format. Have also used zoom in feature on some to help make easier visual comparison.
#bitcoin vs Yuan predicted end 2013-14 bear market maybe. Top chart is USDDNY and below BTCUSD. Using Hollow Candles to Log Scale. Blue verticals correspond to months when both markets had red candles. Signal explained on chart. Can't predict todays outcome but Yuan had the same bad month at the start of this bear market as back in the 2013-14. They were the first actors in at both starts and they may be the first actors out again at the end maybe.
How to buy or sell Litecoin for Profit!SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
5 Litecoin Order Types
Order Types
a) Market order
A market order is considered as a buying and selling order, which should be executed based on
the current market prices. Market orders are utilised when execution certainty is prioritised by
investors on the execution of price. Investor produces market orders by using brokerage service.
b) Stop order/loss
1. The investor places a market order for the selling of any LITECOIN at a certain price level
determined by the investor. This can enable the investors to limit the generation of loss in
their investments or a security. The stop-loss order also instructs the broker to buy the
security at a price defined by the investor.
2. For instance, if the investor buys the security at a price of $40, he may order the broker when
it price comes to $45, this can enable the investors to avoid of loss as a result of decreased
prices.
c) Limit order
A limit order determines a specified price level or even better prices to the broker, so as to buy or
sell the currency within the price limits specified. Lower prices limits are determined in a buy
limit order, which needs to be executed when the price gets lower. Conversely, higher price
limits are provided in a sell limit order. However, this does not provide a guaranteed order for
execution as the price limits are not defined, exactly.
d) Buy stop order
1. This order is used in buying a security when the prices increase as compared with the level of
current price offering. The order is triggered when the price of a Litecoin touches or goes
beyond the price limit provided in the order.
2. The order can be accomplished automatically and this can enable the investors to generate
profit when the prices go upward.
e) Using leverage to trade
Today, investors and different organisation use to advantage, in order to increase the returns on
their investment. A broker who handles the account of investors provides the loan to them in terms of Leverage.
Leverage is provided to the investor on the margin of his investment. If 100:1. Leverage
determines that investor has invested $1000, and then this means the amount he can trade values
$100,000. However, this can increase the investment risk, as a result of changes in litecoin
prices. If the price changes are 1% or lower than that the situation seems to be less risky, higher
price changes can lead the investor towards the huge risks.
Follow your trading plan, remained disciplined and keep learning :)
Bitcoin SPIKE - How Market Get Liquidity For Big LongsMarkets is not the magic. They dont care about your emotionals. And usually they dont like simple patterns that can paint any moonboy.
* 90% of traders loosers
* 10% of traders winners
This is important conditions for market growths.
One question - Where does the market take liquidity to go long?
After long flat where we get liquidity to do x2 for all crypto?
The answer is simple - from the crowd. And here we have 2 ways:
* Buying all shorts to create FOMO and go long (usually at the top of the market like 2017 nov-dec)
* Massive sell-off to get liquidity from the crowd (usually at the bottom of the market)
If we will watch past expirience of Bitcoin - in the most cases we get liquidity from the SPIKES. Its massive sell-off where crowd sell all positions to the big players.
This is the most popular method to get liquidity.
You have a choice:
* Buy now and hope that price will go up (why? the market is not obliged to you)
* If market will go up - just buying first pullback (usually on FOMO market)
* If market will go down - you have a better prices in this correction (usually on bottom market)
Strategy for levels:
* If 5400 hold we go up
* If 5400 broke we go to 3000-3500
* If 7400 cleared we just buy first pullback
Slow and Steady WINS the race.Buy Green
Sell Red
//
it's mainly for swing trading, i use the 3 day / 15 day / monthly charts with it and it works perfectly,
//
it works good for stocks and cryptocurrency.
//
you will use heiken ashi chart style and turn on the EMA DOTS indicator.
once the indicator is on you will hide the heiken ashi so you only see the dots.
//
when a green dot 0.35% -0.78% -0.78% -6.68% -7.44% -7.44% appears you buy, if a green dot 0.35% -0.78% -0.78% -6.68% -7.44% -7.44% appears after that green dot 0.35% -0.78% -0.78% -6.68% -7.44% -7.44% you hold your investment.
if a red dot appears you sell your position. easy as that.
//
the standard dots setting will be set to 10 - use this for any chart above 3 days
change the dots setting to 6 for 3day charts and below
//
shorter time frames will be choppy.
//
larger time frames will be smooth.
//
*Daytrading smaller timeframes is possible but not recommended.
#bitcoin one bear case argument but how validNew study using custom MACD (6,12, Close,31) marked first day up in Histogram light blue vertical when <0 and yellow first day down when >0. Work strategy from 1st fractal on or after vertical. I've just used the light blue verticals for my argument here.
Trading Psychology- Master your Mind and Money BY BEN WRIGHTSELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
Trading Psychology- Master your Mind and Money
Are you continually loosing money and not knowing why? For the past decade of trading the financial markets, I believe psychology is so vital to trading success. Below is a small snippet of questions that you need to ask yourself prior to entering the market so that you are in the best condition to compete;
1. Have I slept well?
...........................
2. Do i feel emotionally and physically fit?
...................................................
3. Am i following other people's opinions?
...................................................
4. Am i following my head or my heart?
................................................
5. Have i received losses lately? Should i be entering the market? If so do i have a drawdown procedure in place?
..........................................................................................................................................
6. Have I had a series of winning trades? If so monitor your behaviour and ensure your ego doesn't cripple your performance
.......................................................................................................................................................
7. And many more...............
Let me know if you have any questions or would like to know more :)
Happy trading
"Rule number 1: never loose money. Rule 2: Never forget rule number 1." Warren Buffet
#bitcoin this price and volume confirm a bull trap maybeTHIS POST CORRECTS AN EARLIER POST WITH PRINT ERROR WHICH STATED BEAR TRAP IN HEADLLINE INSTEAD OF BULL TRAP
New updated study. Volume oscillator set to log scale did not confirm bull set up - following breakout of yellow boxed area (see previous posts for construction) This price and volume move could be key to confirming bull trap maybe. See comparison with confirmation beginning of February see charts below
THIS POST CORRECTS AN EARLIER POST WITH PRINT ERROR WHICH STATED BEAR TRAP IN HEADLLINE INSTEAD OF BULL TRAP
Hope somebody noticed and evident from evidence illustrated for comparison, and notes on chart i.e. "Volume oscillator set to log scale did not confirm bull set up"
#bitcoin bull intact? "To the Moon" update.Green MACD Histogram got off to a start with a peak in VOLUME OSCILLATOR (Volume Oscillator not to LOG but Histogram Format with pink horizontal line added in to highlight zero) previous study needs to be set aside. Have included all such set-ups back to 2013. Have also included some RAYS of closing prices which I'm interested in keeping watch on from another study I've done but not published, as I think it's too subjective.
Had to decided whether trend line should be drawn from the joining up of the last two fractal lows in which case trend line has been broken or wait for a fractal high followed by a fractal low to form the trend line. I have chosen the latter. After forming fractal low price could travel sideways a bit so may have to adjust the trend line with any sideways movement etc.
#bitcoin BULL TRAP study using consecutive fractal lowsOnly done this study of BULL TRAPS and consecutive fractal lows for 2018. I may do another study going back further.
WARNING TRAPS DON'T ALWAYS FOLLOW CONSECUTIVE FRACTAL HIGHS AND LOWS THEREFORE COULD JUST HEAD STRAIGHT UP OR DOWN
Here's what you do. From the last consecutive fractal low do a yellow arrow to the next consecutive fractal low. Then shade volatility in yellow. Then shade in blue or grey where the price went subsequently. and you get a chart looking like the one I've published. More than one way to trade the information no matter which way the market goes. Custom lower Bollinger Band could be helpful in catching peak of bull trap maybe (set to BB Length 20, Source low, Std Dev 0.001) could use something else whichever your preference.
Chart below shows a couple of examples without traps
Bitcoin Cool. Here's an idea to base trading strategy on maybe.Bitcoin here's an idea to base trading strategy using Log MACD Log VOLUME OSCILLATOR log PRICE CHART. Brown verticals mark switch MACD Histogram to green and when VOLUME OSCILLATOR is above zero. Then box pink the volatility to first fractal. There's your box done to formulate trading strategy maybe
#bitcoin "to the moon" or "back to hell" what maybe cookingVolume oscillator & MACD Log format. Marked volume troughs & green MACD & red candle with purple vertical & green in orange. Joined consecutive fractal lows with yellow line. Picked first orange vertical & boxed 3 days volatility in white then wait for break out. Will next vertical be orange?
Triple TOP/BOTTOM Reversal PatternTriple Top is a Bearish Reversal Pattern which means the long term uptrend will be switched into long term bearish trend
Triple Top chart Pattern means the price with base candles or wicks must touch 3 times in row same level in form of peaks
Peak, correction/re-fuel,peak and so on for three times in row
These TOPS will become a strong strong resistance line, if after third peak the resistance line can t broke we will have a nice short oportunity
First, we need a confirmation about this Triple Top Pattern so we can entry ONLY when we broke the neckline and the target will be the distance of the neckline and TOP
Triple Bottom is a Bullish Reversal Pattern which means after a long downtrend the coin will change their trend to LONG TERM BULLISH
We can see in this picture 3 times tried to break the huge support but they can t and after this we can say that was the BOTTOM
The price of coin will increase but we can enter into this trade ONLY when we are about the neckline which is a strong resistance
If we are closing above neckline(resistance will be transformed into support) and also we can continue to grow
Target is the distance from BOTTOM(support) and Neckline
Head and ShouldersA Head and Shoulders Pattern is a chart formation that resembles a baseline with three peaks,the outside two are close in height and the middle is highest
In TA this pattern it s essential to predict when a bullish trend will be changed to bearish
This Head and shoulders pattern appear when:
After long term bullish trend the price rises to a peak and after declined to form a trough
The price will rise again to form a second high peak and declines again
And third time the price rises also but only to the level of the first beak before declining once more
The first and third peaks are shoulders and the second peak which is upper(heighest) will form the head,in this case head and shoulders will appear
CONTINUATION BEARISH PATTERNSBearflag:is a sharp,strong volume decline,several days of sideways to higher price action on much weaker volume followed by a second huge decline with a strong volume.Target is a NEW LOW
Target: for a bearflag pattern is derived by height of the flag pole(ex if this height is 5%) the decline target for breakdown will be 5%
Bearish Pennant:this pattern is bearish in nature and indicates that the current downtrend in price may continue.This pennant it s appear after a drop in price which will looks like a triangular flag as the price moves sideways .This slowly makes lower highs and higher lows which will confirm the bearish price action
The downtrend continues with another identical-sized fall in price so here we have an oportunity for short trade
Rising wedge:is a bearish pattern that begins wide at the bottom and contracts as prices move higher and the trading range narrows.In Contrast to symmetrical triangle which have no definitive slope and no bullish or bearish bias rising wedges definitely slop up and have a bearish bias(in the final is a breakdown from this wedge)
If we put this pattern at the continuation category the rising wedge will still slope up but the slope will be against the prevailing downtrend.
The final break of support indicates that the forces of supply have finally won out and lower prices are likely.There are no measuring techniques to estimate the decline.
#bitcoin bulls "to the moon" maybe & here is some reasoningNew study using my custom signals. See previous posts for construction. What first struck me with my latest signal was that both days had opposing fractals. Only happened one other time this year. You can check the match for yourselves. This time the patterns appear to be forming in reverse - a signal to get ready to take a long position maybe. More then one way to trade these signals (in combination with others maybe), but you got to work it out for yourselves.
Bitcoin price has recently been defying gravity and that is probably why volume so low. The retail side has been snuffed out. This suggests to me that its industry insiders what's propping it up. Reason: with many new industry competitors and fixes due to come on stream over the next 12 months could it be that bitcoin has now become too valuable a "bell wether" to let fall below key support levels? Will see. Next week is bitcoin anniversary, what a party it could be, and more if Global markets rebound.
Double Bottom - Reversal PatternDouble bottom is a bullish reversal pattern which means the long term bearish trend will be switched to bullish/uptrend
Also note ,this pattern it s a long term reversal and will not form in a few days
Even though formation in a few weeks is possible it is preferable to have at least 4 weeks between lows
Bottoms usually take longer then tops to form and patience can often be a virtue