Get started

Cryptotrader

Calling to Arms Bitcoin HODLers of 2017! Read now!Think of the market not bound by Ponzi schemes or conspiracy theories, but instead of one gigantic physics experiment. The candle sticks you see printed on any pricing timeframe for any given asset is electricity as the fuel represented by humans’ cycles of Fear and Greed. Electricity is the energy component that moves the markets. It takes more energy to propel a rocket ship to escape Earth’s gravity vs. letting it free-fall back to the surface. If you think of the markets in its cycles of Fear and Greed whoever has the upper-hand requires less energy output to move the needle in their favor. For example, when NasDaq entered its first hyper wave beginning in the 1980’s and just before the dotcom crash in 2000 the momentum was behind the bull’s sails. The bears didn’t have enough organization, will power and fight in them to stop the running of the bulls. Like any great party where the drinks are flowing, the music is popping and it seems the night will never end until it does. Your hours away waking up with cotton mouth, hang over and at minimum 24-48 hours of the worst version of yourself. You can thank yourself. This is where you need to pay attention if you bought Bitcoin above $8,000 in 2017 and decided to HODL because a bunch of people you don’t know on twitter thought it was cool to hashtag everything HODL. Well it wasn’t cool and it’s understandable that you’ve given up and not put another penny into the market. If you want to learn about the Bitcoin Greed and Fear cycles you need to study other markets. All markets are different, but the underlying emotions and energy is the same. Had you bought into the NasDaq that is a composite of technology stocks near the height of the bull run in March 2000 and watched your investment crash 83% by 2002 it took 16 years for you to get back to even had you HODL and not put another penny into the market. On the flip side had you bought near the bottom in 2002 and held until the NasDaq reached its former glory in 2000 you had an ROI over 500%, but it took 14 years. Study this chart and go from left to right and you will see Warren Buffett is 100% correct. Buy the dips. Always. But be SMART when and where you buy the dips. Yes, Bitcoin only has a 10-year old history, but cycles of Fear and Greed are represented on any timescale. If you’re a day trader you’re looking at a 60 second to hourly chart. If you’re a swing trader you’re more focused on hourly to Daily. If you’re a trend investor with a long-term time horizon you’re focused on Daily to Monthly charts. Depending on your investment goals and time horizon these human cycles can appear in fractions of a moment to longer term trends. This is where different types of investors and traders exploiting the market to their advantage. This is not financial advice, but it doesn’t take long to understand this chart as to how much better investors did when buying the FUD (fear, uncertainty and doubt) versus those who gave up or sold out. The blue trend line you can see is the 200-week moving average. This is a long-term support area for any assets and anytime you see a stock, currency or commodity break this moving trend line it usually leads to a short-term capitulation. Smart money always buys this area. If you don’t have the stomach to buy in the capitulation zone even buying near the 200-week average has always been a great ROI by dollar cost average down your holdings. This leads me to my final point. You will never catch the absolute bottom and sell the absolute top. Yes, it’s not wise to catch falling knives unless you’re Freddy Kruger or Edward Scissorhands. However, if you had enough conviction to buy Bitcoin at $8,000 than you should have even more conviction to understand the importance in managing your underwater investments. It might be wise to really focus on the longer-term trend here with Bitcoin. Read my Bitcoin cycles report where I show you the past three major bull and bear cycles and where we could head based on technical framework. Currently, Bitcoin has tested the 200 Week moving average and bounced off of it twice. First at $3,120 dollars in December 2018 and now more recently at $3,300. Could Bitcoin capitulate under its 200-week moving average and fall another 30%, yes. Will smart money be scooping up tens of thousands of bitcoins if this happens–yes. Just like the NasDaq cycles smart money understands the basic market principles and the energy behind the Greed and Fear. When bears are able to thrust a market near its breaking point and push for the final attack the smart bulls know to start sharpening their swords, get into formation and be prepared to fight. This is not financial advice: But have some guts, sharpen your sword and get your @ss on the front lines.
NASDAQ:NDXEducation
by UnknownUnicorn1615160
3
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.
Education
by CryptoRomaniaTD
2 weeks BTC analysis After few analysis i decided one of the best timeframe to spot the primary trend and reversal for BTC is the 2 weeks timeframe. The 1 month timeframe is too high as the asset is too young and it wouldn't be sensitive enough to give us reliable signals of reversals top and bottoms. Certainly there are many similarities between 2014 and 2018 but we always need to bear in mind that the asset is really young and compare the assets later in the trend with their behaviour at their birth is not always ideal, as many factor can affect the market right now that are completely different from back then. with the first one being the type of investor in the market, their mind and psychology. As you can see from my analysis we can appreciate how the indicators have been reliable and quick to signal tops, bottoms and supports. Also WMA has been a good dynamic support. In 2014 BTC formed a "bull flag" culminating in an accumulation phase. the record volume showed after the accumulation sign the start of the next bull trend. Similarly and as expected BTC has formed another bullish pattern "bull pennant". The volume has started to expand which is typical during accumulation phases. I expect the accumulation phase to end November - December and the new bull run to start in January 2019. The range will be between 7k and 6350 - 6150. Bear in mind that the trendline will provide support in any move below the market structure. ROC showing a new support, similarly to 2014. In bull trend (primary trend) the indicators range on the north side and the ROC indicators is starting to migrate north again after the last parabolic blow off, typical mega overbought condition during the first phase of a young rising bull market. I'll keep my eyes open for any reversal sign and confirmation. Educational purpose only
BITFINEX:BTCUSDEducation
by CFcryptoTA
Tortuga V.3 Update showcase - 2hr Timeframe with Mock PortfolioHey everyone, this is the Tortuga indicator being showcased on the 2hr timeframe, 20 signals back, along with a mock portfolio. The backtest on profits showed a 14% gain on a trading stack and a 3.5% gain on overall equity. For leverage, the profits increased dramatically. I will be better showcasing this in other videos, I just had to pee the whole time so if I am all over the place - my bad. The Tortuga indicator is for sale, message me directly if you are interested. It has been backtested to be 75% successful in previous versions, for V.3 - it is 79% successful. Profits increase on larger timeframes. Thank you for watching, James
BITFINEX:BTCUSDEducation
by TheYeet
This is Why Beginner Traders Lose Their Capital – 4.OveractivityDear friends, it’s been a long time since I posted a lesson for beginners, please excuse me, I have been overactive with my projects. Thank you for reading my previous educational posts. I was glad to see in the comments that you have learned something that will hopefully help you take better decisions in your trades. Remember that when you like and leave a comment, you give me feedback about these lessons. Today, I would like to talk to you about another mistake I see a lot of beginners do: being overactive – or trading too much. Overtrading? Maybe that is a word. This idea again comes from the messages I get. The types of messages that inspired today’s topic are in one of the forms: “What do you think about SHTCN3/BTC (unkown coin) – I saw a breakout”, “On the 15m chart ETH dropped 5dollars, should I sell?”, “I just closed a trade for BTC, when should I buy again?”. How to know if you are overactive about trades? Well there are many signs which say that you are using your time unwisely in trading. Usually it comes because of a combination of fear of missing out and a rush to be rich. - You are watching the charts all the time and are always on high alert. Also, you perhaps sit on small timeframes trying to catch all price movements or you generally try to catch all price movements out of FOMO regardless of timeframes. - You are under the impression that the values of the different coins will take off without you and you missed a new train / bitcoin and your opportunity to get rich fast without putting in the effort others have to put to get there. - You are in a rush to make / recover some money. - You are under the impression that you always need to be in a trade because otherwise the opportunity will pass by you. - You force the interpretation of different indicators (which maybe you don’t fully understand yet) to find trading opportunities when they are not there. Like in the past days, things have been flat, yet I see people ask me about opportunities that simply are not there. - And of course, you follow all the top authors because they do the thinking for you and all you need to do is follow them. (spoiler: you need to also do your own research!) Why is this bad and what mistakes does overactivity lead to? I can be, of course, wrong (but chances are I am not), but by being overactive in trading, especially in the beginning, you will set yourself up for frequent misjudgments and mistakes. Trading all the opportunities you think appeared, you are bound to make errors. Many quick decisions – many mistakes. Although there can be exceptions, 1 in a few thousands, and everyone thinks about themselves that they are the greatest and smartest human that was ever born, I can tell you that I really believe you should place the odds in your favor, not leave it to chance. You leave things to chance when you are not confident on why you are entering a trade. But wait, mistakes are good sometimes, mistakes make you learn. Problem is that if you make a lot of mistakes frequently in the beginning, you don’t have time to take a step back, study the mistake, and learn from it. What happens instead is, you make some errors, you lose some money, you have no idea what’s the best course of action and you gamble on the next decision, lose more money, and so on. Now you have a ton of pressure on yourself and you need to recover it fast. This just keeps getting deeper and deeper until everything becomes 100% a gamble.
Education
by DLavrov
172
Top 7 magic Crypto Indicators: #3 IchimokuDear Cryptuminati, Many beginners wonder which indicators to use. That's why I started this series with the 7 best indicators. It is not just any indicators, but those that are best suited for crypto trading. #3 Ichimoku Kinko Hyo Today I want you to meet a crazy indicator. Ichimoku is a complete trading system from Japan. I'm sure you've seen this strange cloud before. At first glance, it causes enormous confusion and looks very complicated. Don't worry, it's very easy to interpret Ichimoku. I use this indicator primarily to detect trend changes. My areas of application: - Trend directions: If the course is above the cloud, this is positive. Below the cloud there is a downward trend. - Trend strength: The thicker the cloud, the stronger the trend. A change in cloud colour must be interpreted as positive (green) or negative (red) according to the new colour. - Entry and exit: A breakthrough in the cloud indicates a change in trend, which you can use for buys or sales. - Stop-loss / partial sales: At the edge of the cloud or in case of a breakthrough. Ichimoku actually consists of several lines. However, I have trimmed the indicator to the cloud visible above. For me, the Ichimoku cloud is a secret chart technical weapon! The other lines are not so important in my eyes. Example: In the upper chart you see two situations. The buy was made when the trend direction changed. I waited until the first candle opened in a new direction. (1) In the first case, the trade did not work. The red cloud was very thick, which can be interpreted negatively. The course hadn't finished downstairs. (2) The second trade was a complete success. The cloud was much thinner, so Bitcoin could easily break through it. The cloud quickly turned green, which is another positive feature. What's the problem? A breakthrough through the cloud can be very dynamic. This leads to further losses. Alternatively, you can use the cloud line as an exit, but often there are turns. For this reason you should include additional chart technical elements! My tips for Ichimoku: - Combine the Ichimoku cloud with trend lines (support and resistance). This will give you a better idea of how likely a trend change is. You can also use the trend line to buy or sell. - Moving averages (MAs) are another trend indicator. You can use them as support. I often work with MAs 14 and 50, the classic setting is MA 50 and 200. I have linked my guide to MAs below. - The Supertrend helps you to recognize a change of trend and to make partial sales. - Look at the higher time level. If you speculate on a rising price in the 4-hour chart, you should look at the daily chart. There you may be able to determine a suitable price target. Conclusion The Ichimoku is an independent trading system. But I only use the cloud. It is a powerful weapon for trend changes. This is very interesting for crypto currencies, as a change of trend often results in larger movements. To get a good time to sell, you can also work with trend lines and MAs. Always include other factors in the trade! This can be an indicator or a technical chart element (support, resistance, Fibonacci). The Eye of the Cryptuminati has spoken. +++++ Did you like the article? Follow me if you like my work and you want me to go on. I post updates on my trades and analyses several times a week! Thank you very much! Risk note: Everything is possible, nothing is necessary. All information is not a buy or sell recommendation.
BITFINEX:BTCUSDEducation
by Cryptuminati
Top 7 magic Crypto Indicators: #2 MAsDear Cryptuminati, Many beginners wonder which indicators to use. That's why I started this series with the 7 best indicators. It is not just any indicators, but those that are best suited for crypto trading. #2 Moving Averages (MAs) MAs are a very popular chart tool. In Binance, this indicator is used by many traders. This makes MAs a powerful all-purpose weapon. I use MAs in these cases: - Identify trend direction - General chart analysis (MA as support or resistance) - Entry (when two MAs cross, positive crossing -> Golden Cross, negative crossing -> Death Cross) - Exit (MA as price target) As you can see, moving averages can be used in many ways. Behind each MA is a number. Binance provides you with the three MAs 7, 25 and 99, which represent the number of candles to be included in the calculation. Long-term oriented traders are oriented to MAs with a value of 50 or more, while those who invest short-term often work with MAs such as 7 or 25. MA 50 and MA 200 are very popular! If the candle approaches one of these lines, you should observe the reaction carefully. Example: Let's look at the upper chart. Entry and exit took place at the intersection of the two MAs 50 and 200. - In the first example, the trade was a complete success. - The second trade was a flop. Both trades were up, but only the first was able to close in the green figures. In the second case, the price has crashed. What's the problem? MAs need some time to follow up. By then, the course may have plummeted! My tips for moving averages: - Use Binance's standard MAs. Many traders work with them, which makes them interesting as price targets or resistances/supports. - MAs harmonize very well with Stochastic RSI (StochRSI). This is another popular indicator on Binance. - To see a trend, look at several time levels. Short-term traders can also work with smaller levels such as 5 or 15 minutes. Long-term traders should choose 1, 4 hours or 1 day. Conclusion The above two examples show that you should never trade MAs alone. A large part of the profits is lost if the price turns in the other direction. Always combine MAs with other indicators such as StochRSI. With MAs you can quickly see the general trend. A glance at the MAs 50 and 200 is sufficient for this. Also pay attention to how long the trend has been going on or whether it has only just begun. Some trends don't make the breakout. The Eye of the Cryptuminati has spoken. +++++ Did you like the article? Follow me if you like my work and you want me to go on. I post updates on my trades and analyses several times a week! Thank you very much! Risk note: Everything is possible, nothing is necessary. All information is not a buy or sell recommendation.
BITFINEX:BTCUSDEducation
by Cryptuminati
3
Top 7 magic Crypto Indicators: #1 Stochastik RSIDear Cryptuminati, Many beginners wonder which indicators to use. That's why I started this series with the 7 best indicators. It is not just any indicators, but those that are best suited for crypto trading. #1 Stochastic RSI (StochRSI) This is the king of all crypto indicators. When I trade stocks or indices, I use the normal stochastic. For Bitcoin and Co. I have gained MUCH MORE positive experiences with StochRSI! Many traders use Stochastik RSI, which makes it all the more effective. At Binance, it is one of the few standard indicators. It is often discussed in Facebook groups. I don't want to bore you with the mathematical calculation. In my opinion, it does not matter. Let's get in with the most important facts: - The range above 80 and below 20 is relevant for traders. - In these areas, the probability of a turnaround is relatively high. In the chart you see two short situations. Entry has always taken place at the turnaround. The price target is in the lower turning range. The result? In the first case, the trade was a complete success. The second trade threw a loss. These two examples already show that you should not use StochRSI alone. In the long run, you will lose money with the StochRSI. That's why you should bet on several charting aids. These indicators provide effective support: - Two EMAs or SMAs (watch out for crossing) - Supertrend (conversion is important) - Bollinger Bands (breakthroughs at the top or bottom band) - Trend, support and resistance lines Many traders focus on entry. This is relatively easy with StochRSI. You should eliminate potential false signals with another indicator. I consider the exit to be much more important! The moving average (MA) 100, for example, can be considered as a price target. In the event of a trend reversal, it represents an interesting price target. As an intermediate stage one you could take a smaller MA. Alternatively, trend lines are available. It is also possible to exit via the volume. Here you can see in which candle there was an increased volume last. If this is exceeded, you sell in the next candle. These are just a few examples. Conclusion Never trade alone according to StochRSI! Always use additional charting techniques. Stochastic RSI is a powerful tool at all time levels, but it is not an all-round weapon. The crossovers are in the foreground. But there is no certainty that a trend reversal will actually take place. The Eye of the Cryptuminati has spoken. +++++ Did you like the article? Follow me if you like my work and you want me to go on. I post updates on my trades and analyses several times a week! Thank you very much! Risk note: Everything is possible, nothing is necessary. All information is not a buy or sell recommendation.
BITFINEX:BTCUSDEducation
by Cryptuminati
8
Cycle Analaysis on BitcoinStill room and time for another new high in this 60-day Cycle. But looking at volume on recent peak i would be skeptical. Alt-coins seem to also be exhausted. Chart Numbers correspond to: 1. End of prior Cycle - Capitulation Volume. 2. 10 days into new Cycle, realization phase, massive buy volume and short-covering. 3. Strong buy volume to "logical" top, smart money exits. 4. Low volume top, smart money not buying. 5. Likely to see more selling and covering of leverage longs. 6. Like #1, capitulation selling volume.
BITFINEX:BTCUSDEducation
by BobLoukas
8
Cryptocurrency's Calculation ProblemCryptocurrency’s Calculation Problem: Why Most Investors Are Trading Incorrectly Cryptofam, we have a problem—one that has gone on far too long. A problem that is arguably responsible for most of the dumping in the alt coin market in the past and as I’m writing this post. It is a problem of perception, and one that exchanges are partly responsible for perpetuating. The problem to which I am referring is the USD values of alt coins and how they are being calculated. This is something I’ve attempted to bring attention to for months now only to be to be completely ignored. Well I am not wrong. This problem is blatantly obvious, and all you have to do to understand it is change the way you perceive an alt coin’s value. Also, you must understand “how” the dollar value of an alt coin is being calculated and how this value is directly dependent on the value of Bitcoin despite any additional fiat or alt coin pairings. Read More: steemit.com
BITFINEX:BTCUSDEducation
by TheFeralTaint
2
Long Lower Shadow CandlestickMeaning If the candle is bullish (white or green), the price dips down quite low following the interval’s opening due to the bears’ influence. However, the bulls gain control and push the price back up again, so the interval closes above where it began. If the candle is bearish (black or red), the bears take the reins and force the price downward. After they’ve done all they can, they experience a pushback. The bulls take over and propel the price back up so the interval’s close is relatively far above the overall low. The Long Lower Shadow candlestick is typically considered to be a bullish signal, but it is quite weak in this capacity. In addition, when the market is oversold or at support, the Long Lower Shadow candlestick tends to be more significant. _____ Although the Long Lower Shadow candlestick doesn’t have a lot to say on its own, it should still be included in the larger conversation. When you spot it, look for surrounding candlestick patterns of which it may be a part. Good luck! *DISCLAIMER*: I am not a financial advisor nor am I giving financial advice. I am sharing my biased opinion based on speculation. You should not take my opinion as financial advice. You should always do your research before making any investment. You should also understand the risks of investing. This is all speculative based investing.
BEducation
by TheWolfOfBinance
Cryptocurrency Market CorrelationIt's safe to say there is a lot of correlations in price in the cryptocurrency sector. There may be some inverse correlations short-medium term that provide opportunities on how to multiply capital, but medium-long term it looks like the market follows a general trend. This proves one can only be so diversified in 1 sector (e.x crypto) and that there is NO safe haven crypto to go all in on during corrections. Cash is KING and will go much further in crypto dips as USD value vs satoshi is much more favorable.
BITSTAMP:BTCUSDEducation
by JCBCrypto
The Support Line: EP2 -- Price Action & Naked Charts!Howdy Yall! Today on The Support Line we are going to walk through Price Action, what it means, and how to find a trend using nothing but the price action. Furthermore its going to help us keep our charts clean, and can help us remove some silly indicators which we may not need! Whoa! Remember, if you click the share button towards the top right of this write-up you can choose "Make it Mine" and look at this chart in your own window, and you'll be able to edit it, and use the "camera" button to post it back here in the comments section... to ask questions, or ask for more advice. That is a great feature -- and I can't wait for one of you to use it! (Hint!)
Education
by blessmywork
7
Checkov Formation TheoryI decided to put a little more time into my joke Drawing the "Chekov Formation" This measures each "Chekov" based on the Transition of the PSAR in time. I the collected all time periods and calculated an average. The last value is not included-because it is in play. The average "Checkov" time period shows that a downturn occurs on average of 2.25 days or 2 days 6 hours. The last value is set at 2.8 hours due to chart settings for observations. If this theory becomes reality, I would deem myself lucky....or observant. Time will tell at midnight GMT. Do not make any directional assessments or movements with this theory.
BITFINEX:XRPUSDEducation
by ramonbenavides12
1
Formulating a Strategy - BTCHow do we make a strategy? Get your Pencils out yall! We have to look around, take a look at the history, and see how we can capture some profit in the asset class. Its important to formulate a strategy by letting the chart show you what indicators worked historically. Some people like to use indicators like crazy and THEN backtest them. Perhaps that works... We're not doing that today. Today, we're going to let the chart speak to us; and then we're going to come up with a hairbrained idea based on what the chart has to say. We can polish that idea later, the important part is to give ourself a simple framework to work from. Lets do it!
COINBASE:BTCUSDEducation
by blessmywork
2