The key to starting a trade is support and resistance points
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As you study candles, you will learn about trend reversal sections.
Therefore, rather than learning the shapes or patterns of candles, when you study them, you will be able to see the support and resistance points and sections made up of the selling area and trend reversal sections in a big picture.
Therefore, rather than trying to memorize the shapes or arrangements of candles, it is important to see whether support and resistance points and sections are formed when such shapes, arrangements, and patterns appear.
The same goes for other studies related to charts.
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As you study candles, you will find that what you have studied appears in the sections where candles are gathered.
These areas are drawn as horizontal lines to indicate support and resistance points.
However, objective information is needed to conduct trading on the horizontal lines drawn like this.
Otherwise, even the support and resistance points you drew will likely become useless lines if you conduct barrack trading because you don't trust them.
Be careful because your psychological state will interfere with analyzing the chart.
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The easiest way to obtain this objective information is the Heikin Ashi chart and the Renko chart.
The Heikin Ashi chart and the Renko chart help you check the trend because they show fewer fakes and sweeps.
(Heikin Ashi chart)
(Renko chart)
Among these, you can immediately see that the Renko chart is a bit easier to find support and resistance points.
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You can think of the points near the end of the blocks on the Renko chart as having strong support and resistance points.
Therefore, among the horizontal lines drawn on the chart above, the 2800.0 and 4000.0 points are the end points of three blocks, so they can be seen as strong support and resistance points.
If you change the Renko chart to a regular candle chart, you can clearly see that it will form support and resistance points or sections.
However, since the Renko chart changes the price in blocks, it is difficult to trade at this point.
Therefore, the Heikin Ashi chart or Renko chart is good to use when analyzing the chart, but it is difficult to trade.
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To compensate for this, we created a horizontal line at the price position using indicators (StochRSI, OBV, CCI, RSI) that have been used for a long time.
The horizontal line connected to the current candle position plays the role of the current support and resistance point.
And, since the longer the horizontal line, the stronger the support and resistance role, you can see that it plays the role of support and resistance even if it is not connected to the current candle.
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The support and resistance points drawn on the Heikin Ashi chart or Renko chart are difficult to use for trading, but you can easily check the support and resistance section by looking at only the 1D chart.
However, in order to display support and resistance points with a general candle chart, support and resistance points must be displayed on the 1M, 1W, and 1D charts.
And, the order of charts with strong support and resistance is 1M > 1W > 1D charts.
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When you look at the 1M, 1W, and 1D charts using the HA-MS indicator, horizontal lines like the above are displayed.
You can display them by changing the line type or line thickness to make them easier to see and then proceed with trading.
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The above content corresponds to the method of finding support and resistance points included in general chart-related books.
Of course, it is different from the explanation in the chart-related book, but I explained how to use indicators to more clearly indicate support and resistance points.
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Even if you trade with the support and resistance points above, it will not work well when you actually trade.
This is because you are not familiar with the most important trading strategy in trading.
In conclusion, the most important thing is to create a trading strategy, rather than finding the support and resistance points explained above, looking at the trend line, or looking at indicators.
However, it is very difficult to create a trading strategy that fits your investment style from the beginning.
So, you should practice creating a trading strategy that suits you while trading based on the information of the objective chart.
In order to trade, you need to decide on the following three things:
1. Investment period
2. Investment size
3. Trading method and profit realization method
The above three things must be determined.
No. 1 and 2 are determined according to your investment style.
Therefore, it is recommended not to change No. 1 and 2 after you start trading.
3. Based on the information of the actual chart, the buy section, sell section, and stop loss point are determined.
In addition, the profit realization method can be determined according to the investment period.
The profit realization method is:
1. How to get cash profit
2. How to increase the coin (token) corresponding to the profit
There are methods 1 and 2 above.
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In order to create a trading strategy, it is important to display all the information you want on the chart before starting the transaction.
If you do not, and then display lines on the chart after starting the transaction, psychological factors will be added and displayed, so the possibility of not trusting the lines drawn after starting the transaction increases.
To prevent this, it does not matter if you use the indicator added to the HA-MS indicator.
The reason is because it is objective information.
You should increase profits or reduce losses by adjusting the investment ratio while conducting the transaction using this objective information.
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Have a good time.
Thank you.
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D-ETH
How to Get into an Entry after the setup is passedIn the world of investing, it is not uncommon to come across a missed trade setup that tempts investors to make impulsive decisions. However, it is important to remain disciplined and avoid falling into the trap of #FOMO (Fear Of Missing Out). For instance, if an investor misses a trade setup on Ethereum ( CRYPTOCAP:ETH ), instead of rushing in with a full position, a more prudent approach would be to enter with half the intended position. This allows the investor to participate in the trade while minimizing the risk of committing too much capital at once.
Once the initial entry is made, it is crucial to implement a strategy known as Dollar Cost Averaging (#DCA). This involves gradually increasing the position size by buying more ETH over time. By using DCA, investors can mitigate the impact of short-term market volatility and avoid making rash decisions based solely on emotions.
To effectively implement DCA, it is important to maintain the original stop loss level. This means that even if the price of ETH decreases after the initial entry, the stop loss order should remain at the predetermined level. By sticking to this plan, investors can ensure that their risk management strategy remains intact and that they do not expose themselves to unnecessary losses.
In summary, when faced with a missed trade setup on ETH, it is crucial to resist the urge to FOMO in with a full position. Instead, entering with half the intended position and utilizing Dollar Cost Averaging can provide a more measured and disciplined approach. By maintaining the original stop loss level throughout the process, investors can enhance their risk management and increase their chances of success in the long run.
Level up your understandingThe Liquidity game is much, much easier than you think.
Most people only want posts that align with their own beliefs, the reality is Bitcoin is becoming institutional and the more players coming does not simply equate to prices rising.
Logic will tell you, these "professional money makers" will want better prices, the accumulation phase on this scale will have retail torn apart. Every $100 rally will feel like the time is now and every $50 drop will feel like the end is near.
I've shared countless posts and live streams here, talking about the transition.
Here's a whole new set of things to think about to educate yourself on the current situation.
First of all here's one of the latest streams going into detail of some of the logic.
www.tradingview.com
In educational terms here we go.
When price moves up and volume goes down, this is called divergence.
Imagine you're at a party with your friends, and you see two people dancing together. One person is dancing really fast, moving a lot, and having a great time. The other person is dancing slowly and not moving much. This difference in their dance styles is like volume divergence in trading.
In trading, volume refers to the number of shares or contracts that are traded in a specific time period. It's like how many people are buying and selling stocks or other financial assets.
Volume divergence happens when the price of a stock or asset is going in one direction, like going up, but the volume is not matching it. For example, the price might be rising, but not many people are buying or selling it. It's like the dancing person who is moving fast (price going up) but not many people are joining the dance (low volume).
Ok so step one, there is a clear divergence of volume...
Next
I can guarantee some people will question the relationship to the price.
Well. I used a box to measure 50% of the move here, just to highlight the obvious. Look left and see the level to volume actually peaked higher on the right and then dropped off, so argument no longer valid. Secondly, the orange line represents the green spike in volume that we lack in the current move.
Third point;
Look at the Weiss wave moves, again I have covered this in several educational posts here as well as many of my streams, if you don't know what this is. Go back and look through the posts. I often use Weiss to justify a 3 wave in an Elliott wave move. It can quickly highlight the obvious level of impulsive nature. Or in this instance, the lack of.
Zoomed in and then over to the monthly timeframe.
So what you need to understand is that with lack of impulsiveness and clear divergence, what else can you see that backs up the logic?
How about using Oscillators?
The monthly stochastic clearly showing overbought.
And an off the shelf OBV showing sideways balance
If you can learn to read these simple points, your already onto a winner. Many newer traders have strategies that often include RSI, MACD or Moving Averages and 9 times out of 10 it's on too small a timeframe. "If in doubt, zoom out"
Combining logical arguments to figure out where you are on the chart can help you develop a much better picture, if you still want to trade smaller times, then you have a bias based on the bigger picture.
OK - so next, let's take a look at a slightly more advanced view.
This is CVD (cumulative delta);
What does the numbers mean?
Imagine you have a piggy bank, and every day, you either put money into it or take some money out. The total amount of money you've put in or taken out is like the cumulative delta.
In trading, cumulative delta is a way to keep track of the buying and selling activities in the market for a particular financial asset, like a stock. Instead of money, we use something called "contracts" or "shares" to represent the buying and selling.
When traders buy a stock, it's like they are putting money into the piggy bank. And when they sell the stock, it's like taking money out of the piggy bank. The cumulative delta keeps track of the difference between the number of shares bought and the number of shares sold throughout the day or a specific period.
This image above tracks the numbers for each swing.
When coupled with other tools such as Footprint levels, you can see where the higher levels of liquidity is sitting.
Now combine the stages above. Let's recap.
Bigger players coming in will want better prices.
We have divergence on volume.
Weiss waves lack impulsiveness.
Oscillators oversold or show sideways balance.
CVD levels still mostly negative.
Footprint key levels have wider gaps to the next layers of liquidity.
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Now, what else would be worth looking at? Well. one tool I have shared many times in the posts and streams is called COT.
COT stands for "Commitment of Traders." It's like keeping track of who is doing what in a big game, but instead of players, we are talking about traders in the financial markets.
Imagine you are playing a game with your friends, and you want to know who is on which team. You might have a list that shows how many players are on each team and what roles they play, like who's a striker, who's a defender, and so on.
In trading, COT is a report that shows us how many traders are on each team, so to speak. It tells us how many traders are buying and how many are selling certain financial assets, like commodities (like gold, oil) or futures contracts (which are like agreements to buy or sell something at a specific price in the future) AND of COURSE BITCOIN.
The COT report is released by official organizations, and it's based on data collected from traders who are required to report their positions in these markets.
Why does this matter? revert back to bigger players in the market coming for Bitcoin...
just like in a game, knowing which team has more players or which roles are in demand can give you a clue about the game's overall strategy.
When we look at the COT report, we can see if there are more traders buying or if more are selling it. This information helps understand the market sentiment.
If a lot of traders are buying, it might mean they have a positive outlook, and the price of the asset could go up. On the other hand, if many traders are selling, it might mean they are not so optimistic, and the price could go down.
In COT terms, there are two major players I look for in the reports.
Asset Managers
COT Asset Managers are like assistants for the big investors, like hedge funds or investment firms. These big investors have a lot of money to invest in different things, like stocks, commodities, or other financial assets including Bitcoin.
It is the Asset Managers' job to take care of these investments and make sure they are managed well. It's like they are the guardians of the funds.
So Asset Managers view of Bitcoin currently seems to be positive.
Now for the second player I look at in the COT report.
Leveraged Funds
Imagine you a bank that allows you to borrow money. You then use that money to invest...
Leveraged Funds are a bit like that. They are investment funds that use borrowed money, or leverage, to try to make bigger profits. These funds can invest in different things but in this case their investing in Bitcoin.
Here's how it works:
Regular Investment: Let's say you have $10, and you decide to put it in a normal bank. Over time, your money might grow a little with interest, and you'll have more than $10.
Leveraged Investment: Now, let's imagine you have another bank called a leveraged fund. Your bank give you an extra $10 as a loan, so you have a total of $20 to put into this leveraged bank account. This means you can invest twice as much as you originally had!
However, there's also a risk with leveraged funds. If the investments don't do well, you might lose more money than you initially had. For example, if your $20 goes down to $15, you still need to repay the $10 you borrowed, so you'll end up with only $5 of your own money left.
The summary here is that larger investors use leveraged funds, so unlike Asset Managers who have a very long outlook. The Leveraged Funds element of the COT report is smaller timeframes but still a lot of volume.
So, what is their current view?
Whilst we have a positive long term outlook. COT would suggest we are not completely ready to shoot off to the moon just yet.
I have really tried to over simplify the post here for the sake of education. There's a lot more to each individual section, but knowing these basics will set you off on the right path.
Bitcoin becoming institutional is a great opportunity if you know where to look. These moves are far from random as you can see in this post below.
Anyways! take it easy and good luck out there!
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
Every man and his dogI have seen more and more Wyckoff posts recently, well - here's another one!
I was trading Wyckoff methodology when it wasn't cool. Unfortunately for the masses, it's not as easy as an 'influencer' will have you believe, from seeing their posts - they clearly lack the understanding and are simply joining the 'HYPE' club for view count.
A few years back I went into some depth on Bitcoin's phases as you can see below;
Here you would expect the mark up and straight into a Point and Figure forecasted level, which then became 'Re-accumulation'
As the price moved up, you could see as clear as day a nice AR move; I'll go into that shortly. But this was the sign of professional involvement.
This chart was posted on the 18th of March to highlight the BC (also cover in a second) Why was it so obvious? It was smacking us in the face with the fact it had it's re-accumulation phase earlier - although many said the 60+ thousand level was the accumulation. Point and Figure analysis had the range mapped out and as we neared the zone, the AR come into play.
To understand this, I have drafted the help of my good friend Chat GPT to explain this like we are 10 years old.
Imagine you have a jar filled with your favorite candies, and you really want to collect as many as possible. Here's how the stages of a Wyckoff accumulation schematic can be related to this candy scenario:
Stage 1: Markdown Phase
In this stage, you notice that the candies are on sale and their price has been reduced. This makes you excited because you can buy more candies with the same amount of money. So, you start buying some candies, taking advantage of the lower prices. Other people also notice the sale and start buying candies too. This is like the first stage in Wyckoff accumulation, where prices are falling, and smart investors start buying.
Stage 2: Absorption Phase
In this stage, you and other candy lovers continue buying candies, but you start to notice that even though you're buying a lot, the price doesn't go down as much as it used to. It's like the candies are getting harder to find on sale. This means that there are fewer candies available at the lower price, and more people are buying them. You and others keep buying as many candies as you can, but you start to realize that the sale might be ending soon.
Stage 3: Markup Phase
Now, the sale is over, and the candies are back to their regular price. However, you notice that the candies you bought during the sale are now worth more than what you paid for them. You feel happy because you made a smart decision to buy them when they were cheap. Other people who missed the sale also want to buy candies now, but the price is higher. You may decide to sell some of your candies at a higher price to those who want them. This is like the third stage in Wyckoff accumulation, where prices start to rise, and the smart investors who bought earlier can sell for a profit.
So, to summarize, in the Wyckoff accumulation schematic, we have the markdown phase where prices fall, the absorption phase where prices stabilize, and the markup phase where prices rise. Just like buying candies on sale, smart investors try to buy assets when their prices are low and sell them when prices go up.
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So now you got the basic idea of Wyckoff phases; this is still a very hard thing to spot. It helps if you have a bias and of course background as to where the price has been. When I posted the "Rocket call" in March 21, we had seen the Buyers Climax which can be defined like this; A major panic that occurs at the end of a steep ascent in prices. In its classical form it is typified by large range reversal in prices accompanied by large volume.
However to simplify this further; contrary to popular 'influencer' belief - Large operator don't go chasing 100x returns, their seeking to make money in all environments and often over a much longer time frame than retail would like. So think of a buyers climax like the bigger players have reached a target that they are comfortable with, the level of returns are sufficient. They sell off as retail are buying every little dip on their 15 minute chart.
An AR is an Automatic Reaction to either a buyers or sellers climax (for more, read the post below - Wyckoff basics explained)
Once we dropped to the 4 level marked up in March. The move away was ugly, it was low volume from the get go. Meaning a lack of overall interest (at the time) But under the surface, there was more to it. A lot more to it to be honest!
I covered the Wyckoff Distribution in this educational post;
So, we dropped "exactly as predicted" into a range that was measured only to rise on low, depleting volume. You would then expect a re-accumulation and the measurement for the extension is again mapped out.
Re-read the Chat GPT section above.
You see, Wyckoff can be useful if you know how to use it properly... People often say things like "it's over 100 years old, it can't work in these markets" Or they try and make patterns out of every move, clearly lacking the understanding.
As I explained in August 21 on the way to the current All Time High - the price could be plotted as the image above shows. Volume and COT intel plays a major part here, the sell off was going to be quick to the 40k level - why? Well, it was re-distribution in play.
And just like that January 22 through to May was also mapped out...
Once we got that break down lower, you could assess the Point and Figure regions.
And just like that, we are back into Accumulation. To the MOOOOON!!! ... Not so fast, as this is a much bigger cycle you have to look out for volume, what the bigger players are manipulating and assess the overall situation, being a bigger schematic it is likely to be a slower burner. Refer back to the Chat GPT section above.
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Wyckoff, Elliott and Dow Theory still works today as it's not a study of technical charts to be honest, they understood the depth of psychology, retail sentiment based on an individuals own mindset. I have covered the psychology around this in several posts including the Simpsons one! Here's a quick look at the cycle.
Now, place these retail sentiment analysts together.
You see, things don't have to be complex to work.
Zoom out and if you have read this post well enough, you might spot the next clue as to where exactly we are. If you already know me or follow my posts and educational content, you might spot not only where we are, but why.
Anyways, I hope this helps at least one person out there!
Have a great week!
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
Spread graph trading This technique maximizes the estimation of a risk-on asset of interest, by monitoring capital movements from other markets. I've linked a post in which I explain this theory in more detail.
Thank you!
San
Most Profitable (and Realistic) TradingView Strategy In 2022Setting up and checking the performance report of one of the most realistic strategy signals on TradingView.
COINBASE:BTCUSD
Let's all jump inWhen you first start trading, everything seems like a good idea! You want to take every trade, use every indicator, watch every video and stream! Be like every influencer!
You get this feeling that you found something new, that you are the chosen one.
Unfortunately, it's for this same reason - 90% of new retail traders lose 90% of their money in the first 90 days...
Here are some key pointers to keep you safe!
1) Risk Management; learning to manage risk is key. If you want to gamble away your savings, Vegas is a lot more fun than the markets. Trust me, I speak from experience in both!
2) Create a plan that suits the type of lifestyle you have, if your working full time then scalping every couple of minutes is not doing you any favours. Take the long road. If you have time but don't want to stare at screens all day, then don't go scalping either. Not saying, don't do scalping or it's no good. Just emphasising, to pick your own style.
3) Don't follow influencers! I cover this topic a lot, people often ask me about Plan B or some other random guy. The issue is, these guys don't trade, they shill affiliate links and film 4 Youtube videos a day! They make their money by having followers and views. Just look at this below;
This was the message from the top! Where would you be now? Leveraged long positions?
This aspect has become, possibly one of the biggest factors for how people lose in the crypto space. You get sold a dream by following demo traders! Take our friend Carl, I called him out after seeing his demo trading on a video.
The guy is practically calling every top a pump and go long from here...
4) Follow the big players; not the whales, the institutions. When you know where their bias is, you have a lot more probability getting the direction correct.
5) Search for key levels; regardless of a technique - this could be supply and demand levels, Fib pullbacks, Wyckoff Schematics or Elliott Waves.
Don't trust only one, and please, please, please! Don't get lazy and just follow something you seen in a video. Do your own due diligence.
For example; I see 2 Elliott Wave scenarios here for Bitcoin.
This is the first option.
The second has a 4 where the 2 is of a move one degree lower. I've covered this in my streams.
It's knowing the logic behind the market sentiment that will help you figure out the general direction, this is why knowing the bigger players in the space is useful. As you can see from my post here - each call is on @tradingview
6) Do your own research to create your own plan, that should fit around your lifestyle or at least your current circumstance.
7) Repeat step 1 through 6.
These moves are choreographed, like you wouldn't believe. Don't believe me?
On the way up to the 65k all time high at the time; you could see the re-accumulation take place.
As we neared the extension levels, you could see the distribution sequence start. I covered this with a lesson on Wyckoff at the time.
These levels were already mapped out, months in advance of the actual move.
From there and up to the current all time high.
Why would it move like that? why would it stop where it did? These are the questions you need to ask, if you want to take trading seriously.
You won't qualify as a doctor or a lawyer after watching a handful of videos. You won't make it as a trader either if that's your expectation.
Finally,
Here's some logic for you - are we likely to reach $100k Bitcoin on this move up?
Monthly stochastic level would say otherwise...
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
🔥WHY ALTCOINS FOLLOW THE BTC PRICE? A FULL GUIDE FOR TRADERS!🔥Hi, friends! I will explain why altcoins are following BTC and how traders can take advantage of this idea.
The first and main crypto is Bitcoin. I am sure that 99% of traders/investors discover crypto through BTC.
📊THE 4 MAIN REASONS WHY ALTCOINS FOLLOW BTC:
🔥 Bitcoin is the most influential cryptocurrency: As the first cryptocurrency and the largest by market capitalization, Bitcoin has a significant impact on the entire cryptocurrency market. The price of Bitcoin often affects the prices of other cryptocurrencies, and it can cause other altcoins to rise or fall in value.
Therefore, it's essential to keep a close eye on Bitcoin's price if you're trading altcoins, as it can indicate market trends and potential opportunities.
🔥 Altcoin prices are correlated with Bitcoin: Many altcoins have a strong correlation with Bitcoin's price movement. This means that if Bitcoin's price is rising, it's likely that the value of altcoins will also increase. However, if Bitcoin's price falls, altcoins are also likely to experience a decline in value.
As such, tracking Bitcoin's price can provide valuable insights into the behavior of other cryptocurrencies in the market .
🔥 Bitcoin can act as a safe haven asset: During times of market volatility or economic uncertainty, Bitcoin has historically acted as a safe haven asset. This means that investors tend to flock to Bitcoin as a way to store value and protect their investments.
As a result, Bitcoin's price can rise during times of crisis, and this can have an impact on altcoin prices as well. By monitoring Bitcoin's price, traders can gain insight into market sentiment and adjust their trading strategies accordingly.
🔥 Bitcoin is a market indicator: Bitcoin's price is often used as an indicator of the overall health of the cryptocurrency market. For instance, if Bitcoin's price is rising, it may indicate that the market is bullish and that investors are optimistic about the future of cryptocurrency.
On the other hand, if Bitcoin's price is falling, it may suggest that the market is bearish and that investors are taking a cautious approach.
By keeping an eye on Bitcoin's price, traders can gain a better understanding of market trends and make more informed decisions when trading altcoins.
✅HOW TRADERS CAN USE THIS BTC-ALTCOIN PATTERN
I made 4 simple comparisons for you to show it. I used Bitcoin (as #1 crypto) and ETH (#1 altcoin). Take a look on the chart and the numbers on it.
🚩 1st case. If BTC falls at the beginning of the bull market = altcoins fall so much.
In the first case BTC fell by -60-65% and ETH fell by -70-75%. It's not too much for ETH, but you can check the other alts. They fell by -85-90%.
🚩 2nd case. After the long consolidations altcoin grow higher than BTC.
BTC made +35%, but ETH made +81%. It's 2 times bigger than BTC.
🚩 3rd case. BTC and altcoins during the rally grow equally. Except for some skyrocketing crypto as AXS, SOL and etc, of course.
+452% for BTC and +480% for ETH.
🚩 4th case. New ATH is a time for altcoins' pumps. This is the time when they grow by 300-400% in a few weeks.
As you see, BTC made +5%, but ETH +157%!
🔥SUMMARY. So, the 2nd case (after the consolidation) and 4th case (at the new ATH) is the best to catch strong altcoins movements for a hundred percent% and 40-50 or even 100RR. Now you can use it in your trading, cause you will know what BTC do now and how it will affect altcoins.
I hope this idea was useful for you. Do you have your own notes? Write your most profitable BTC-atlcoins patterns in the comments!
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
🔥WHAT IS NEEDED FOR BITCOIN TO GROW HIGHER? 1300%vs4900%🚀🔥Hi friends! A lot of newbies consider these things as something bad. These make them very unhappy and disappointed because their position gets the loss. These things are the pullbacks or corrections after significant growth. Everyone is waiting for it now to buy more cheap crypto.
📊 The pullback is the price fall after significant growth. But why is it so good for price growth:
🔥 1. it makes the market (BTC as well) much healthier because it liquidates overleverage traders.
For example, -40% pullback liquidates all traders with 1.5x leverage and coll down the market (as it was in the 2016-2017 bull market).
🔥 2. it gives the opportunity to enter the long traders for the advanced traders. If we have 5-6 pullbacks every time after 100-150% growth, you can use already earned money in new trades (increase the risk per trade).
When the price doesn't make the pullbacks and you enter the trade at the very beginning of the bull market, you have no chance to exit the trade and use the margin from the profit to increase the risk per trade.
✅ COMPARISON OF 2016-2017 AND 2020-2021
🚩 2016-2017 BULL MARKET
The market had made 4900% of profit in just 2 years. I mention 6 huge dumps with 30-40% drawdowns. These dumps cool down the market and liquidate overleveraged traders. Lots of entrance opportunities. Hope the next bull market will be the same.
Of course, you can say that market was not as big as now and I agree with you. But the whole BTC capitalization is equal to 3.5% of the entire gold cap, so it's just the beginning for crypto.
🚩2020-2021 BULL MARKET
This bull market as well as the 2019 local bull market was almost with no pullbacks and entrance possibilities. Bitcoin had made just +1300% in 2 years. Just 3 pullbacks with +16-30%. Almost no liquidations and no cool down of the market. Not the best growth as the result.
In that bull market, the beginners can't even normally use their gaining margin to open new trades.
🔥 WHAT WILL HAPPEN IN THE NEXT BULL MARKET?
I think that this growth will be the same as at the last bull market. Of course, it will be some surprises as at each bull market, but it will grow nonstop.
I make a huge update about this in the last idea. Check it if you want to know what to expect from BTC and the crypto market here👇
🚩Traders, what is your expectation about BTC bull market? Do you agree with me or have another argument? Write it in the comments!
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
Coin market theme!!! About coin ecosystemHello?
Traders, welcome.
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Please also click "Boost".
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As the coin market goes through rising and falling markets, many themes are being created.
These themes are expanding the interconnected coin ecosystem under the name of ecosystem.
Therefore, I think that the coin market is highly likely to have a circulation pump of theme coins after the rising market next year.
Numerous coins (tokens) are being created and also disappearing.
In order to survive in this situation, they are trying to increase their viability by creating and expanding a coin ecosystem.
Apart from this trend, there are coins (tokens) that do not belong to any coin ecosystem.
When trading coins (tokens) that are continuing to survive independently, I think you should invest in a short-term perspective or trade in a trading method that increases the number of coins (tokens) corresponding to profit while recovering the principal amount as much as possible.
Otherwise, you have to be careful because when and how you can plunge and never recover again.
Existing investment companies, institutional investors, and whales are gradually eating into the coin market due to funds entering the coin market through USDC and newly launched coin investment products in the stock market.
These funds will make more individual investors invest in the investment market, but it is expected that the time when individual investors earn large profits by trading on their own will gradually decrease.
There will come a time when individual investors will have less and less information available, and they will have to follow in their footsteps and trade with information provided by investment companies, institutional investors, and whales.
I believe this movement is unstoppable.
Therefore, from now on, it is necessary to find the coins (tokens) that are expanding the coin ecosystem (ecosystem) that is being formed and tie them together to figure out what kind of circulation pumping will occur.
As before, it is expected that the roadmap of one coin (token) or such technical stories from the foundation will no longer be able to move the hearts of investors.
Among these coin ecosystems, the ones we are interested in are as follows.
Ethereum Ecosystem
BNB chain Ecosystem
Cardano Ecosystem
Solana Ecosystem
Polkadot Ecosystem
TRON Ecosystem
Avalanche Ecosystem
Polygon Ecosystem
Near Protocol Ecosystem
Cosmos Ecosystem
Fantom Ecosystem
Optimism Ecosystem
As above, it is an 11 coin ecosystem.
Representative coins of the coin ecosystem are as follows.
BTC
ETH
BNB
ADA
SOL
DOT
TRX
AVAX
MATIC
NEAR
ATOM
FTM
OP
In addition, it is a coin that has the potential to create coins and coin ecosystems with large user communities.
XRP
ALGO
KLAY
Among the coins belonging to most of the current coin ecosystems, LINK is a representative coin.
However, due to the coin's own issue, the coins that need to increase the number of coins (tokens) corresponding to profits while recovering the purchase principal as much as possible are as follows.
XRP
SOL
TRX
KLAY
OP
The above coins (tokens) have self-restraint issues, so I don't think it's good to trade them with the traditional trading method.
Of these, the OP token has just been created in the coin ecosystem, so I think a trading method is needed to increase the number of coins (tokens) corresponding to the profit while recovering the purchase principal as much as possible, at least until the next wave.
In conclusion, the coin market will start to be flooded with information comparable to the stock market after the bull market next year.
In this situation, in order to earn steady profits in the coin market, you need to start paying attention to a newly changing theme, the coin ecosystem.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** If you share this chart, you can use the indicators normally.
** The MRHAB-T indicator includes indicators that indicate points of support and resistance.
** Check the formulas for the MS-Signal, HA-Low, and HA-High indicators at ().
** SR_R_C indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor).
** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100).
(Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.)
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ETH : Fees, ZK Protocol and.. SPACE ?? Things YOU Should KnowHi Traders, Investors and Speculators of the Chart📈📉
There are some exiting developments in the crypto space other than the bullish price action on charts. If you've been missing out on some of it, this one's for you!
Thanks to their distributed structure, blockchains tend to be slow. If a single transaction has to be verified across thousands of Ethereum’s nodes, this also makes the network expensive to use. Layer 2 systems are a potential answer to this issue, with rollups as the most popular scaling method. Zero-knowledge (ZK) rollups use the minimum data necessary to verify transactions by unburdening Ethereum from excess network workload. This makes Ethereum both faster and cheaper. Okay now hold up - wat is ZK?
In cryptography, a ZK or zero-proof protocol means one party (the prover) can prove to another party (the verifier) that a given statement is true without giving any additional statement. To give a practical example; consider how you would have to prove your citizenship. If you say “I am Bob from Canada”, you would need to prove that with a legal document such as a passport, an identity document etc. The problem with this approach up until now, is privacy. This information is often shared to third parties without your consent. Identity theft also thrives in this environment.
So how could you prove that what you’re saying is true, without giving away any information or legal documents? Let’s take a look at this example provided by Wikipedia:
Imagine your friend is red-green color-blind (while you are not) and you have two balls: one red and one green, but otherwise identical. To your friend they seem completely identical and they are skeptical that they are actually distinguishable. You want to prove to them they are in fact differently-colored, but nothing else; in particular, you do not want to reveal which one is the red and which is the green ball.
Here is the proof system. You give the two balls to your friend and they put them behind their back. Next, they take one of the balls and bring it out from behind their back and display it. They then place it behind their back again and then choose to reveal just one of the two balls, picking one of the two at random with equal probability. They will ask you, "Did I switch the ball?" This whole procedure is then repeated as often as necessary.
By looking at their colors, you can, of course, say with certainty whether or not they switched them. On the other hand, if they were the same color and hence indistinguishable, there is no way you could guess correctly with probability higher than 50%. Since the probability that you would have randomly succeeded at identifying each switch/non-switch is 50%, the probability of having randomly succeeded at all switch/non-switches approaches zero ("soundness"). If you and your friend repeat this "proof" multiple times (e.g. 20 times), your friend should become convinced ("completeness") that the balls are indeed differently colored.
The above proof is zero-knowledge because your friend never learns which ball is green and which is red; indeed, they gain no knowledge about how to distinguish the balls.
Now that you have an understanding of ZK, let's look at how this affects blockchain and cryptocurrencies, Ethereum specifically:
Gas fees have been a huge problem for ETH. But there are a number of ways to improve performance . Rollups are by far the most popular scaling technology. So wait wait wait.... What Are Rollups or ZK-Rollups? Rollups are smart contracts that reduces computing and storage requirements for validating a transaction block. As noted previously, they do so by rolling up hundreds of transactions into a single one. Zero-knowledge proof is one of the methods to accomplish that.
When a network is overburdened with information, the fees increase. That’s because public, decentralized blockchains have limited block space to contain transactions. Accordingly, when the network traffic is higher, the demand for block space increases, leading to validators charging more for each transaction to be validated.
Rollups are divided into two types: Optimistic and Zero-Knowledge (ZK). Both types do one job — rollups reduce the Layer 1 network’s (Ethereum) workload by scooping up, or rolling, hundreds of incoming transactions as a single transaction. This bundled single transaction is then verified and added back to Ethereum, as another data block on its public ledger. Because of this continuous offloading of transactions from Ethereum, the Layer 1 network remains uncongested. And when Ethereum is not congested, it is much cheaper to use because its ETH gas fees fall down drastically. After all, every computer network requires some bandwidth/computational resources to be expended. In the case of decentralized blockchain networks, that cost falls onto users themselves. This is why Layer 2 networks are so important. Rollups, in particular, have a dual impact — granting fast and affordable user experience to the Ethereum ecosystem.
So now that you have a better understanding of Blockchain verification and gas fees, we can take it to SPACE ✨🚀
I live in a country where electricity blackouts (or loadshedding as they call it) is part of everyday life. We usually experience 3 sets of loadshedding a day, each ranging from 2 - 4 hours at a time. One of many disruptive results of this, is that the signal drops during loadsheding. This is because the signal towers have back up batteries for when the electricity cuts but - since there has been loadshedding for months, the batteries do not get to charge fully. You might be wondering why I'm telling you this (and I'll give you a clue, it's not for sympathy). One word - SIGNAL. You would be surprised to know how many things are affected by the ready availability of electricity, and signal. When the signal drops, it not only drops for your phone but also for transactions. Think card machines, financial services, banking etc.
Now again, Mr Elon Musk has been working on Starlink, something you may have heard of to address this issue. Starlink is a satellite internet constellation operated by SpaceX, providing satellite Internet access coverage to 45 countries. It aims for global mobile phone service after 2023. SpaceX started launching Starlink satellites in 2019. The purpose of using satellites for signal would basically make signal towers null and void, with a direct link form the satellite to the receiving point such as the phone and eventually card machine etc. This is where the exciting news now becomes relevant. ZK - tested on satellites.
Recently, in a collaboration between crypto-satellite developer Cryptosat and global hackathon organizer DoraHacks, the first successful experiment to launch a ZK (Zero-Knowledge) proof system in space recently occurred onboard the International Space Station (ISS). According to DoraHacks and Cryptosat, the experiment performed onboard the ISS showcased the capability of a satellite-based computation environment to successfully perform part of the trusted setup process required to use a ZK proof protocol. According to Cryptosat, which is attempting to launch a constellation of cubesats into orbit and build out its satellite fleet, the success of the ZK proof experiment is a crucial component in demonstrating the efficacy of space-bound computational environments. The procedure entailed sending pre-uploaded open source programs to the ISS through a secure link in order to generate a string file for the ZK proof-based voting program. Cryptosat has also already launched two mug-sized satellites, Crypto1 and Crypto2, the latter of which is currently being tested.
💭Final Thoughts...
We're not there yet. The two legs that go with connection is signal.. and device. The one without the other is useless. Many people around the globe still do not have access to devices and even if they did, what happens if you lose your device? Just how vulnerable would you be if your device is stolen? Those are questions for another day perhaps....
Thanks for reading this far ! Interested in a technical and chart analysis of Ethereum? Check out this idea :
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What's the Difference? Fundamental vs TechnicalHello dear traders,
Here are some educational chart patterns that you must know in 2022 and 2023.
I hope you find this information educational and informative.
We are new here so we ask you to support our views with your likes and comments,
Feel free to ask any questions in the comments, and we'll try to answer them all, folks.
Fundamental vs. Technical Analysis:-
Fundamental and technical analysis are two major schools of thought when it comes to approaching the markets, yet are at opposite ends of the spectrum. Investors and traders use both to research and forecast future stock prices. Like any investment strategy or philosophy, both have advocates and adversaries.
Fundamental Analysis:-
Fundamental analysis evaluates stocks by attempting to measure their intrinsic value. Fundamental analysts study everything from the overall economy and industry conditions to the financial strength and management of individual companies. Earnings, expenses, assets, and liabilities all come under scrutiny by fundamental analysts.
Technical Analysis:-
Technical analysis differs from fundamental analysis, in that traders attempt to identify opportunities by looking at statistical trends, such as movements in a stock's price and volume. The core assumption is that all known fundamentals are factored into the price, thus there is no need to pay close attention to them. Technical analysts do not attempt to measure a security's intrinsic value. Instead, they use stock charts to identify patterns and trends that suggest what a stock will do in the future.
Trade with care.
If you like our content, please feel free to support our page with a like, comment
Hit the like button if you like it and share your charts in the comments section.
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🔥THE BEST TIME TO BUY ALTCOINS: DOMINACE AND ALTSEASON🔥 Hi friends! All you know and like the time when altcoins make +50-100% or more profit just in 1-2 weeks. Most of the traders enjoy this time. Dominance is a key thing that helps us to identify such periods (altseasons) and buy alts in time.
📊 WHAT IS ALTSEASON AND WHY DOES IT HAPPEN?
Altseason is a time when most altcoins grow by 30% or more.
THE TWO MAIN REASONS OF ALTSEAON:
1. BTC capitalization outflow and its inflow in altcoins (dominance fall).
🚩 Dominance is the ratio between the total value of all Bitcoins to the total value of the crypto market ( Bitcoin + altcoins). Altcoins start ti griw when it falls.
Bitcoin currently has a $320 billion capitalization and for Bitcoin these $1-2B globally do not mean anything. As the altcoins have a lower capitalization, when $1-2 billion from Bitcoin flows into any altcoin, it can grow by 100% or more. With large outflows (10-20% of Bitcoin's capitalization), the growth of all altcoins (altseason) begins.
2. huge money inflow in altcoins during periods of "greed", when crypto market makes new ATH or BTC is at the last stage of bull market (parabolic growth). The BTC dominance falls in this case too.
All you know the periods when BTC make a new ATH and this is a most comfortable time to grow your deposit - everything is just exploding.
✅ As Bitcoin is still far from its highs, which is the second reason for the growth of altcoins, we should look for the first reason, which is the flow of money from BTC to altcoins now. Our main task is to buy good altcoins just before the altseason.
📊 WHEN WILL THE NEXT ALTSEASON START?
Friends, as you can see on the chart, the altseason begin when the BTC dominance falls. Now we should expect the next atseason when BTC reaches 50-54% of dominance.
✅ The altcoins start PUMPS during this dominance fall as was shown at 1 and 2 cases.
Friends, I will publish a list and trading setups of the best altcoins when that time comes. Let me know which altcoin I should pay attention to. Write it's ticker in the comments.
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
🔥THE WORST YEAR FOR CRYPTO: 2022 OVERVIEW AND 2023 FORECAST✅🔥Hi friends! Bitcoin fall from $41 500 to $15 500 by 42% this year. 2022 was an amazing year, especially if you are trading using downtrend strategies. But who will be the winner in 2023? Long or short traders? Read more in this idea!
📊
WHAT WERE THE MAIN REASON FOR BTC DUMP IN 2022?
1.
LUNA, UST, and Do Kwon are the first such major crash this year. The algorithmic stablecoin UST lost its peg to $ and pulled down the LUNA token, which it was backed by.
Terra LUNA had one of the largest amounts of Bitcoin. In total, they had about 81,000 BTC in their wallets, but this did not save them from the fall. LUNA was top-10 altcoin by capitalization but fall from $110 to $0.01.
BTC fell from $31 000 to $17 900 by 44%.
2. FTX, FTT and Sam Bankman-Fried. At that moment, it seems like BTC begin to recover and already reached $21 500 after the 4 month consolidation (accumulation) from June to November. CZ tweeted about FTT sell off just only opened eyes to the problem of the #2 exchange.
🚩 Bitcoin fell to $15 500 but actually, it`s not a huge dump, as was all the year before. This fact indicates that there are almost no sellers in the markets and recovery is highly possible.
📊 THIS HAPPENED FOR THE FIRST TIME IN THE BITCOIN HISTORY
The Q1 2022 started with a small fall, but after this, the series of negative events in the cryptocurrency market pushed the price of bitcoin lower and lower. Now we should say that this is the worst year ever.
✅ All 4 quarters (Q1, Q2, Q3, Q4) will close at loss FOR THE FIRST TIME IN BTC HISTORY.
📊 THE PREDICTIONS FOR BTC IN 2023
I name this year THE YEAR OF RECOVERY for the crypto market. BTC will reach $32k as a pullback to this year’s dump with a 95% probability. I think that the #1 crypto has a 70% probability test of $45k.
✅ But first, the price can update the lows and reach $10-12k. So if you are a trader , it will be a really good year because of its volatility.
If you are a long-term trader or investor , I would be in the market by 20-40% to not miss the possible growth. Another part of the deposit leaves for buying lower at $10-12k or after making new HH and HL at $21-22k.
It will be interesting to check the results in a year.
Friends, what is your target for BTC in 2023? Write your target at the comments. Please, don`t write $200-300k :)
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
🔥✅HOW TO GET 70% WIN RATE USING VOLUME PROFILE🔥 Hi friends! Today we will talk about a very important trading tool that can give you 70% win rate if you will know how to use it as a pro trader. This tool is a volume profile.
📊 WHAT IS THE VOLUME PROFILE?
The volume profile is a real traded volume. Unlike the usual vertical volumes that show the amount of volume traded over a certain amount of time, the horizontal volume shows the volume traded over a certain price range.
The volume profile has 2 components:
🔥 value area (yellow areas), which is the biggest resistance/support for the price. There can be several value areas, but the largest value areas called HVN or High Volume Nodes.
🔥 liquidity gap (white area) is the area where the least volume is traded. Usually, the price "cuts" through these areas very quickly.
📊 HOW TO USE THE VOLUME PROFILE?
I want to show you how it works. If we want to understand the next price movement, we should identify the biggest value areas. So you see the most significant liquidity (value) areas and wait when the price tests it:
1. if the price breaks the value area and tests it as support , you can enter a trade because bulls are strong and the price should go higher.
🚩 The clear trade example on how to use HVN (value area) as support (+20% of clear move).
2. if the price test it as resistance , this means that bears are stronger and bulls haven`t enough power to push the price higher.
🚩 The clear trade example on how to use HVN (value area) as resistance (+26% of clear move).
So the value areas or HVN are a stop on the way of price movement in one direction or another. The better you determine where the price will go after testing this HVN (value area), the more profitable you will be.
🚩 If you use this approach on lower timeframes, you can get more trades. This is ideal if you are an intraday or swing trader.
Try using horizontal volumes yourself, and in the following ideas, I will tell you how I and other advanced traders use them.
✅ So this approach has 50-70% win rate, but if you want to increase it, you need to use additional filters.
Personally, I use the DOM and Footprint to identify the whales' orders and buy crypto with the big guys. These indicators can easily add 25-35% to your win rate. I make a lot of video lessons and articles about them, so enjoy and make money.
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
📊How to use HORIZONTAL VOLUMES? Tutorial with examples!Horizontal Volume Indicator or Volume Profile is a simple indicator that helps to identify: value areas (support or resistance zones) and liquidity gaps. In this idea I will explain how to use the indicator and mark these areas to make trades and why it works.
Let's start at the beginning.
💹What are value areas (support and resistance zones)?
🔶The value zone is the price range at which the most trades are made. On the chart we can mark the value zones: 33600-41000, 46000-49500, 54600-58200. I also marked how these zones were support or resistance to price. The value zone becomes a support for price if the price, when it is tested, does not continue its downward movement. A value zone becomes a resistance if price does not continue to rise above that zone. The zone simply doesn't let the price go higher because there aren't enough buyers.
🔶Liquidity gaps are called that way because no trades were made in that zone and there is no liquidity for traders (buyers or sellers), and price, as we know, goes from liquidity to liquidity (from one zone to another). On the chart I have marked for you the liquidity gaps and we can see that the price can' t stay in these zones for a long time.
✅Why do horizontal volumes work? Price reacts to these zones for a simple reason. Many traders pay attention to these areas and put their limit orders to buy or sell or when the area is tested, so the price moves up or down. If there are more sellers than buyers, the price will go lower and lower ; if there are more buyers, the price goes higher and higher.
🚩How can I add this indicator to my chart?
3 steps to add the indicator to your chart:
1. open "prediction and measurement tools" at the left part of chart
2. choose the "Fixed Range Volume Profile"
3. choose the price range from some date till another date. I chose from Dec 10, 2021 till May 6, 2022.
So now you can see and mark all areas on your chart.
🏁This indicator helps to identify areas and can suggest stop points or price reversal, but it should be used with different methods. If the market is in a strong rising trend (UPTREND), it is unlikely to be stopped by a local zone of value, but a global zone may stop it. Also, the support zones can be good entry point. Be more tricky than the market and use different tools. You can use the indicator on different timeframes for scalping or swing trading and with different ALTCOINS. Also, pay attention to the volume indicator, trend lines and key levels that I show in my ideas.
💻Please write in the comments if you still have questions about Horizontal volumes! I`ll try to explain you additional tips 🎇
Press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
🔥🚩POINT OF CONTROL: THE MOST USEFUL TOOL FOR TREND TRADER🔥 Hi friends! Point of control is a part of volume profile indicator and very useful tool to identify upcoming BTC or any other asset move. I will explain you how to use this tool in your trading and make a good profit in this idea.
💹 Horizontal Volume Indicator or Volume Profile is a simple indicator that helps to identify: value areas (support or resistance zones), points of control and liquidity gaps.
📊 HOW TO USE POINT OF CONTROL
Point of control (red line on the chart) is the place of the largest accumulation of liquidity. We can say that this is the place of "the biggest battle between bulls and bears":
🔥the point of control becomes a resistance in case of "bears' victory" and crypto start to fall
🔥the point of control becomes a support in case of "bulls' victory and crypto start to grow
🚩 When one of the sides wins the "battle", this is the best time to enter the trade in short or long.
✅ No matter how complicated this tool looks, it is very easy to use:
1. extend the volume profile indicator from the lows to the highs. The indicator automatically shows the largest accumulation of liquidity showing POC (red line).
2. wait until the price tests the POC as support or resistance . From time to time the price can consolidate directly on the POC, which indicates the "battle" of long and short traders.
Pay attention to the chart. I have selected for you 4 cases of using POC on the volume profile:
1. Bitcoin just touched the POC at $39,700 and bounced up 72%.
2. the price tested the POC as resistance at $61,100 after which the price fell by 45% from the absolute highs.
3. Bitcoin consolidated around the POC at $39,000 for some time. The price fell by 31%.
4. POC is at the price of $19,150 per Bitcoin. Now you have to expect the price to return to this level and carefully watch the price reaction on POC.
🔥If the POC is tested as resistance , then it is very likely that we will see the level of $13,000-14,000 for BTC.
🔥If the POC is tested successfully as support , then the price will be able to make higher highs and start a bullish trend for Bitcoin. I talked about this scenario in previous ideas.
🚩 HOW TO ADD VOLUME PROFILE INDICATOR WITH POC TO YOUR CHART?
3 steps to add the indicator to your chart:
1. open "prediction and measurement tools" at the left part of chart
2. choose the "Fixed Range Volume Profile"
3. choose the price range from some date till another date.
So now you can see all important value areas and point of control.
✅ Point of control help you to identify the power of bulls or bears on different timeframes and make the right trading decision in the most of cases. Personally, I use this tool effectively for swing trading and scalping as well.
Traders, do use this indicator and such tools as POC in your trading? What is your favorite idicator for trading? Let me know in the comments.
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
🟨 TV Crypto Market Caps - TICKERSThese are quite useful to follow.
We have 4 major ways to track Crypto Market Caps
$TOTAL = Crypto Market Cap
$TOTAL2 = Crypto Market Cap - BTC
$TOTLA3 = Crypto Market Cap - BTC - ETH
$TOTALDEFI = Crypto Market Cap for DeFi
Clearly all are below the purple line (200D SMA) and clearly in Stage 4 downtrend (as per Stage Analysis criteria).
This mean "no-touch" for me. Actually the clear sign to get out for INVESTORS (not traders) should have been all the way back in January!
Smart money dumb tradesThe major issue with 99% of retail, is that they seek tops and bottoms. They watch a video or read a post and DIVE not knowing, or understanding some simple logic.
To be a successful trader you need a level head. As soon as you realise profits are made in a range and not by trying to time market tops and bottoms, there more you succeed. There are thousands of techniques out there, some that have a high hit rate, others that don't, some are complex and some are simple. In instruments such as Bitcoin - you also now have tools such as on chain data. The issue is and will always be, liquidity. Money is made by someone else losing!
Retail will see things like Elliott wave and dismiss it - "ah it's old, ah it's broken, ah I don't get it..." We as humans can find the good, the bad and the ugly with all techniques.
All we are really trying to do is, re-affirm our personal opinions, defending loyalties and find angles to attack anything that is not aligned with our desired outcome. Hindsight equals the ability to explain the past but in doing so, creates an illusion that we "now understand" it all makes sense. People don't understand because they cannot explain it. Regardless of wanting to or not. Our own unique perspective is built on our own unique experiences - trying to make sense of the complicated situation.
The reason I talk about this - is that when you only take snippets of data from one source, or worse, several sources. It's so easy to get confused and mix up your own beliefs. In this current BTC scenario - people are desperate for a bottom to be in. It's all they seek, so when an influencer or educator mumbles the words - bottom, they assume it's to the moon we go. Thus, supporting the personal belief and desire.
Every professional trading strategy, requires confirmation. If the expectation is we rise from here - we need logic as to why? if it is we are likely to drop - then, what's the reason for that drop?
Over the last 2 years, I have made some of my Bitcoin calls public. There is a lot more behind the scenes that does not get posted, so what you should not do is - read a small percentage of a post or watch the first few minutes of a live stream and dive in. Your missing the bigger picture!
This doesn't just apply to my posts - this is in general. This will help you in the long run. You need your own level of understanding for the logic behind the move.
I can show post like this back in March this year;
And the outcome was as predicated -
We grabbed liquidity and dropped seeking a better accumulation range.
I've talked about value areas - this post goes back another year...
The outcome -
For me, it's knowing the "why".
The lesson here - is no obtain a bias of your own. Work on that to see inside the move.
My view is pretty much as I have talked about this last 14-18 months...
We have seen some stopping action.
Now you look out for a range -
Obvious liquidity in this zone.
So this is 100% a lesson and not a call. Now look at the range in detail, you will see a fair value level hidden in there.
Same goes for knowing the "why" - as Bitcoin becomes more institutional, it becomes more and more respectful. But as it does, tops and bottoms are still not what your targeting. Look at this from Feb last year from the first rally all time high.
Look at the post date.
These things are playing a game - it's all about understanding the rules.
On the way back up from the low shown in March last year, why would there be evidence for a truncation?
This image was the 24th of August. We go on to climax just above the 65k region...
Liquidity is the name of the game..
This post is the first in the Liquidity series of posts here on @TradingView
Have a great weekend!
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
🔥✅HOW THE WHALES ROB YOU: 99% of beginners don't know about it!🔥 Hi friends! In this idea I will explain you a few methods how the whales (big players) take away your crypto and make money. If you want to be on the WHALES side and make money, you need to read this idea to the end.
Friends, push the "BOOST"🚀 button so in this way I understand that you enjoy such content and I will make more useful ideas for you. I know you like it!
🔥 So today we gonna talk about the capitulations and how whales robbed the beginners in trading. Also, at the end I show you ONE pattern that help you to avoid this and make money like the BIG player.
📊 Capitulation is the worst moment at the market for an trader, especially a beginner and the best time for a big player (a whale). Capitulation is a period of disappointment for the most players in the market and a massive sale of their own crypto because it has fallen in price or consolidate in narrow range for the long time.
🔥 There are 2 types of capitulation in total:
1. Price-based capitulation. It happens when the price of Bitcoin falls by 60-80% and the most traders start to sell their crypto because of fear to lose all deposit. Most likely, you have already heard about this type of capitulation.
2. Time-based capitulation. It happens during a long, exhausting consolidation and traders start think that it never end. This is happening now, but not many people know how it affects traders.
You can see the only ONE type of capitulation on chart. I marked just time-base capitulation because I'm sure that you already know about the price-based capitulation (usually, the global dump).
📊 HOW DO WHALES BUY THE BITCOINS?
Imagine that you are a big player who has 100-200 mln dollars. How can you buy such ammount of Bitcoin?
You do not have enough liquidity on the exchange to buy a sufficient amount of cryptocurrency with one order by simply pressing the "BUY" button. The max amount of BTC that you can buy for 1 order are about 5-7 mln dollars.
When you are buying for a larger amount of money, the price will just make a big shadow to fill your order and you can get an average entry point by +3-5% higher.
📊 Therefore, whales have several ways to buy crypto safely:
✅ buy Bitcoin from one or more large players (other whales, exchanges OTC, etc.)
✅ buy from a large number of small players on exchange during the consolidations
Both methods are great for a whale, but usually, if you buy such amount of Bitcoins from another whale, you can pay 1-2% fee , because you can get your Bitcoins immediately, instead of waiting for your buy order to be completed on the exchange.
🚩 Therefore, the best and cheapest way is to accumulate crypto from tired, exhausted retail traders who have no more strength to wait for cryptocurrency growth.
✅ Most often, they place limit orders at one price level or range and the price smoothly fills their limit orders. It is most convenient to do this on consolidation.
Below you see an example of whales accumulating Bitcoins NOW. The green circles show the number of Bitcoins that were bought by the whales in current $18,000-25,000 range.
It's clear example how the whales accumulate BTC during the consolidations. Of course, they have enough liquidity to BUY because the most of retailers bought BTC at $50,000-69,000 and now lost almost 70-80%. The retailers sold their crypto holdings in panic because want to save this last 20-30% of deposit.
The whales have another scenario . They sold at $50,000-69,000 to retail traders and now want to buy crypto at a 70-80% discount. That is how you should do to become the part of the whales too✅
📊 WHAT HELP YOU TO AVOID CAPITULATION, THIS ROBBERY AND GROW YOUR DEPOSIT?
I just want you to show 1 crypto pattern that help you to avoid from losing money and join the whales on the PUMPS. As you can see, after the red marked time-based capitulation the price of BTC make dump (or price-based capitulation). After this DUMP and green time-based capitulation starts the massive PUMP!
🔥 SCHEME: red time-based capituation (#1, 3 or 6) - DUMP - green time-based capituation (#2, 4, or 7) - PUMP 🔥
🚩 I show #5 for you, because this is also capitulation but not related to the previous pattern.
Now we see that the Bitcoin price is back in consolidation near #7. If we have correctly determined that #6 as a red capitulation and it was dump after it, then according to our pattern, a strong pump should begin very soon. Now you know only need to find the best entry poiny to your trade and make %%.
🚩 Our automated trading systems will tell us about upcoming PUMP also and we will be able to earn 200-600% from this growth, as it has always been.
So traders, today you have learned:
🔥 what are the types of capitulation
🔥 how whales buy Bitcoin and now you know how to act in the most dangerous moments for beginners. Now whales will not rob you for sure
🔥 a new pattern that you can use in your own trading and understand the global trend of the crypto market
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
The Shop Model - Trading Mindset This is a look into the way I see markets and how I see my trading using the Wyckoff Method and comparing it to standard business models. More of a mindset video but I feel is very useful when trading and seeing your trading as a business.
Let me know what you think,
Cheers for watching
🔥Almost 1 month after the MERGE! WHY ETH DOESN'T PUMP?!Hi friends! Almost a month has passed since the Merge, and Ethereum still has not grown. What is the reason? What are my targets for Ethereum?
✅ As i mention in the last idea, the merge is like the Halving for BTC. A lot of retailers expect the HUGE pump with x10-100 profit. But in the real life it doesn't work.
✅ If a lot of people expect something, it has lower chance to happen. Take a look on BTC after the Halving. Usually BTC start to consolidate for 2-3 month or DUMP for 20-30% after this. The same happen now. It's force weak hodlers to sell their ETH and it's good for the future growth.
✅ My recommendation is to be prepared for strong price movements in the near future.
📊 Preconditions to open a long:
🔥 squeeze to the trendline
🔥 bullish BTC pull the altcoins to the new highs and it`s highly expected. At least local pump to $25-32k
🔥 whales orders to buy on DOM and Footprint scalping tools. They help me to identify the big g uys and open a trade with them
🚩 According to second scenario that shown on the chart, the volumes should grow if the liquidity collection will happen. Pay your attention to this scenario too.
📊 The targets for the long:
1. $1540-1650 - the closest value area
2. $2030 - the key level, vale
🔥 Usually, I recommend you to book at least 50% of profit but according to the fundamental expectations, you can hold this long trade a little bit longer. Especially, if BTC become local bull market.
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade
