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101

How To Have An Edge Over The Markets!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. Today I want to share a basic trading plan that you can follow to quantify your trading edge. 📌Step 1: First, start from the higher timeframes like Daily/Weekly to identify the current long-term trend. is it bullish, bearish or stuck inside a range? If the price is sitting in the middle of nowhere, then it is a NO trade zone as price has 50% change to go either up or down. Thus no edge! 📚Wait for the price to approach the lower bound or upper bound. Then proceed to Step 2 📌Step 2: No matter how strong a horizontal / non-horizontal support or resistance is, it can still be broken. Thus don't buy/sell blindly as price approaches a support/resistance. Instead, zoom in to lower timeframes like H1 and M30 to look for setups. 🏹A basic approach would be to wait for a swing low to be broken downward around a resistance as a signal that the bears are taking over. In parallel, wait for a swing high to be broken upward around a support for the bulls to take over. This would be the confirmation to enter the trade. ⚙️Of course, your second edge would be through risk management by targeting at least double than your indented risk. But that's a topic for another post 😉 Always follow your trading plan regarding entry, risk management, and trade management. Hope you find the content of this post useful 🙏 All Strategies Are Good; If Managed Properly! ~Rich
Education
by TheSignalyst
14
Confirmation entry 101Hello traders - In this example, we will talk about confirmation entry. - What is confirmation entry? - Confirmation entry is shown in the picture above, and in this situation, we chose a safer order block for our entry. - Below, we will break down the entire PA in detail and explain this example better. 1) We see that the momentum is present, the price has left an imbalance, and we have a nice candle close. 2) The price creates liquidity and returns to the retest, but in the end the price does not reach our order block, and here we have a missed entry. 3) The price impulsively broke through the low again, leaving the imbalance behind, and we see a nice candle close. 4) This second impulse can easily be a fakeout, so it is safer to wait for entry on the first order block 5) The price makes more liquidity that needs to be picked up 6) In the end, the price has taken out all the other traders who had open positions here, and our confirmation entry comes from where the price impulsively continues bearish. -When you trade, you have to learn to read the PA in small details in order to better understand the PA and the language of the market. - If this example helped you to better understand PA and confirmation entry, leave a like, and if you have any questions, you can ask below in the comments.
Education
by hybridtradingfx
1
Arweave Makes an Impressive Comeback Arweave makes an impressive 94% comeback after losing more than half of its value! Arweave (AR) has been selling off after reaching its all-time high at $34 on April 1st. The token sold off more than 50%, reaching lows of $16. However, after touching the $17 support, it quickly got up on its feet and rose 94% in just four days! Arweave’s Trend At first glance, AR’s trend looks unpredictable and choppy. The coin can range for a long time and then suddenly have a strong and aggressive uptrend. While this trend may be challenging for new traders, it is actually one of the easiest patterns to trade for experienced traders as AR respects its support and resistance levels precisely. The token bounces up or down in accordance with its support or resistance level, and it does so almost immediately. The same is true for when a breakout occurs. It is usually swift and violent. As a result, trend-following indicators tend to perform poorly on Arweave, even on the lower timeframes. However, momentum oscillators such as the RSI, Williams %R, or the Stochastics may work well, as the buy signals from these oscillators may coincide with support areas.
Long
by cryptohopper
How Profitable Is UMA's Recovery?After reaching the important support level between $18-$20, UMA started rebounding. Let’s see how much potential profit UMA could bring us if we bought in now! Backstory: UMA’s previous strong growth was mainly due to an announcement regarding the arrival of the uSTONKS synthetic token. uSTONKS tracks an index consisting of ten stocks that are most commented on r/wallstreetbets. Wallstreetbets is a Reddit that gained popularity after pumping certain stocks (such as GME and AMC), making hedge funds lose billions of dollars in a short squeeze. Recovery and Potential Profit When the hype regarding uSTONKS started to die down, UMA’s price began descending. The price eventually reached $17, or 60% lower than the all-time high. Since then, the token has consolidated for a while, and now it looks like it is trying to start a new uptrend. If UMA were to recover to its all-time high, it would mean a 110% increase in price, which would essentially more than double your funds if you were to invest now. A minor resistance on its way to a full recovery is the $24 price point. Breaking above $24 significantly would probably mean that UMA is attempting to reach its all-time high again. Uncorrelated: One excellent aspect about UMA is that it is not as influenced by Bitcoin as the rest of the market. For example, when Bitcoin was trending strongly in October and November 2020, UMA wasn’t moving much. The token made its most substantial moves when it had positive news. Disclaimer: We do not give trading recommendations; we only break down potential trades. Always do your own research before entering any position.
Long
by cryptohopper
3
DOT the Perfect Token for Support and Resistance LoversPolkadot (DOT) has been increasing tremendously; the coin is currently up by 500% in less than three months. What is even better is that DOT’s pattern is actually predictable and one of the easiest for support and resistance traders. Polkadot Pattern The token has so far proved to follow Darvas’ box theory better than most other assets (including stocks). This means that the price moves within ranges defined by boxes with an upper limit (resistance) and a lower limit (support). In this case, Polkadot has been continually moving higher, and so the upper limits, once breached, became the new lower limits and a suitable entry point. Indicators Due to the fast pace at which the price has been advancing, trend-following indicators on the bigger timeframes have not performed very well. If you would like to use trend-following indicators, the 30 minutes timeframe or even lower may be more suitable for DOT. If you would like to stick to the bigger timeframes, then Williams %R (displayed above) has been working well. Williams %R is an oscillator that identifies oversold and overbought zones. Williams %R is one of the fastest oscillators, meaning that it identifies overbought and oversold zones the quickest. If you look at the chart, it has identified oversold zones in some of the best places corresponding with the lower limits (support areas).
KRAKEN:DOTUSDLong
by cryptohopper
3
HOT/ETH: Who first: Cup & Handle or DeMark's 9?Hello everybody! Thank you, my all new friends around the world, for your excitement about my work and support, it is really driving me up to new heights. Today I have a new HOT .hitcoin for you to observe )) This days we have a strong buy of Bitcoin Cash / HOT / etc.. versus ETH I don't think we are talking about something serious in long term, but my indicator show me picture that I want to share with you. Thanks a lot. Take care!
by sequentialvzion
What is Bitcoin ? | Introduction to Bitcoin and Blockchain1) Introduction Simply put, Bitcoin is a completely digital currency that is independent of any banks or governments. It uses its own decentralized technology for securing payments and storing money. Bitcoin (also written as BTC) is a decentralized virtual currency that was created at 2009 by an unknown person using the name Satoshi Nakamoto. Neither does it exist in the physical world nor does it have a central bank such as the Federal Reserve or the Bank of England. There are also a limited amount of bitcoins in the world, according to Bitcoin.org. 2) Fiat currency vs Crypto While comparing fiat currencies to Bitcoin, it seems that Bitcoin does all the same things as your Dollar, Euro or any other fiat currency. Transforming bitcoin is faster and simple over the network, buying and selling goods and services are becoming more and more popular for bitcoin users and the technology of the Bitcoin includes key features that are based on encryption and digital signatures to ensure safety and security of the whole network. Same as the Dollar, Sterling or Euro, Bitcoins can be exchanged for other currencies at specialized currency exchanges. Bitcoin won the title of the “Online Money” by offering us fast, secure and borderless transactions. Unlike other currencies that can be physically held, Bitcoins are virtual. There are no forms of physical coins or papers that can be made. Bitcoin users own keys which allow them to prove ownership of transaction in the bitcoin network. Those keys are often stored in a digital wallet in each users computer or another device. 3) Current status It is working very well for the Bitcoin, gaining the position of the fastest growing payment system in the world. The peer-to-peer network (P2P) of computers are maintaining and replicate a public ledger of accounts referred to as the blockchain. The blockchain is the main reason why cryptocurrencies are here to stay. (Read more here: Understanding Blockchain). The bitcoin network is nothing but a protocol backed by cryptography. Transactions are confirmed by participants of the bitcoin network through a process known as mining. The miner’s role is adding a real-time transaction to the blockchain, effectively verifying the transactions that are being placed in the network and forging them into the blockchain. It might sound very complicated if that’s your first time, but after going through the beginner course, you will agree that it is actually very simple! readbtc.com
BITFINEX:BTCUSDEducation
by ReadBTC