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ATS efficiency report since July for ETH/USDWe continue the ATS strategy reports section. Today’s guest is ETH/USD. For the last two months, the pair has shown excellent dynamics. But the ATS strategy worked even better than the buy and hold strategy. ATS strategy made 76 percent, the asset grew by 70% Current open position (Is not being taken into account for result calculation) at the moment + 22% Script settings for 2H timeframe: · Signal calculation type - "Low" - Signals filter - "Enabled"
by I.T.Analytics
2
Altseason is overWe are watching the Bitcoin dominance chart. There is every reason to believe that the altcoin season will terminate this year. Highlighted features: 1) Chart large spikes indicate high volatility and market uncertainty 2) Around 60% support level is reached, the rebound has already started 3) Since 2017 the price channel's bottom has been reached as well as the price channel's bottom since July 2019 (red highlighted). Commonly, all these factors indicate a very high probability of Bitcoin's dominance increasing. Plus, the alts have already won back their rapid growth, the correction is a logical continuation of the market cycle.
CRYPTOCAP:BTC.D
by I.T.Analytics
3
📖 Japanese candlestick charts. Part 1We are beginning a new theme “Trading strategy’s most important technical analysis tools”. Today we are going to tell you about the most important things in trading, candlesticks! 📌Japanese candlestick charts were developed in the 17th-18th centuries by the Japanese rice traders. They were introduced to trading by Steve Nison in the 20th century. It's a simple, but very important tool for technical analysis, as these candlesticks contain different information about the market. I guess that everyone in this channel already knows how to read candlesticks, so we are going to talk about their usage. ⚡️First — its form, this shows market participants’ state and mood. It could show their doubts/balance (doji) or trend exhaustion (graph looks like a hammer or a falling star). There are only a few main models, and we are going to talk about them in the future. However, you can start learning about them yourself by saving the screenshot below. ⚡️Candlesticks show reversals and it is what we need in trading. By trading reversals you are catching the trend, it could be short or long. However, you will be able to understand when the trend is exhausting and you will be able to leave trade when there is a reversal. In addition to the presence of the reversal pattern itself, the preceding trend is important, you have to have at least 3 candles. If there isn’t a clear trend, then there is no trade. Additionally, we are looking at the candlesticks’ volumes and how trading continues after the last reversal pattern. We are entering position not on the reversal candlesticks, but on the following ones after the trade (or candlestick above/below fixation, depending on a situation)! Reversal setup is a needed factor, but it's not enough to enter a trade. 📌 And these are not all of the necessary conditions for implementation! You have to understand that you are getting rid of risky positions that not only will give you headache but could also result in losses. You should only trade in situations where you are confident in, the confidence is achieved by fulfilling very certain conditions, of which only few people in the market know about. Continued in part 2.
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Education
by I.T.Analytics
24
📖 Japanese candlestick charts. Part 2Hello, we continue to study candlesticks. ⚡️ Maximal/minimal 🔶 For this it is desirable for reversal candlestick to have its own high/low. In addition to the convenience of placing stop-loss on them, its own minimum/maximum also increases the chances for a long term trend after such reversal. The reason for this is in the market reflectivity, all the patterns don’t just work on their own, but they also contain market’s psychology and the methodology of huge amounts of smart money. When there is a decrease in demand and supply, smart money form the least resistant trend, and they trade! 🔶 You have probably noticed a few times that the figure’s/pattern’s price could move into the opposite direction that you expected. There are reasons for that, patterns have the necessary to complete conditions, simply of which not many know about. Even if all the necessary conditions are complete while forming a pattern, there is always a chance that the price will go opposite direction due to a number of reasons, of which we are going to talk about later. Now, you should note that its important to analyse candlesticks, as they help you to minimize risk while trading patterns. 🔶 Even though candlesticks look simple, they are a solid foundation for successful trading. They help you to find the optimal points to enter and exit trading in any patterns or whether you are trading using levels, or even if you are witnessing “third Elliott wave”... This is just a small bit of information about such a simple tool called Japanese candlesticks. 📌 Hint: if a trend is moving into a higher timeframe, you should also move to the same timeframe and start searching for reversal candlestick models at a long distance. This gives you the opportunity to trade for the entire trend duration. ⚡️ Harami 🔶 "Uptake", "Hammer" and "Cloud Silver Lining" models are common reversal patterns. There are many more forms in candlestick analysis that indicate an forthcoming reversal. One of them is the "Harami" pattern: the first candlestick is large, and the second one is small, it may be a "Spinning Top" or a "Doji", but in any case, the figure of the second candlestick is inside the first one's figure. They appear both at the top of the market and at the bottom. 🔶 The peculiarity of the "Harami" model is the uncertainty of the market at the time of its appearance. Therefore, it is recommended to wait for confirmation. 📌 The following candlestick of the corresponding color can act as confirmation: green for a bullish reversal, and red for a bearish one.
Education
by I.T.Analytics
💰 Market Maker in Crypto Space. IntroductionGreetings, fellows! We are introducing a new article series about marketing making (MM) in cryptocurrency exchange. In these articles we will be focusing on the main MM strategies, current market trends and how to trade in this sphere. Firstly, it is very important not to get confused with the “market maker” meaning in the cryptocurrency sphere with the same term in classical markets. The only thing they have in common is that MM creates liquidity and it balances the market, and nothing else. In the classic MM, there is an agent who has to keep open the bid and ask orders with a particular (short) spread (between them), which is creating the exchange tool’s liquidity. • Who is usually a market maker in a cryptocurrency exchange market? Well, usually it's a small team, internal department, or maybe attracted specialists from the private companies. The team always includes a minimum one programmer and few traders (trading robot operators). • What is MM’s main goal? MM’s main goal is mercantile, all he wants is just to make money on an exchange tool manipulated by the agent himself. This goal is achieved by coin/token distribution into specific/perspective moments between the team members. For example, MM is forming an attractive graphic pattern while the market is growing to attract more potential customers. MM’s final goal is to choose the maximal amount of money or/and stronger cryptocurrency (BTC, USDT, ETH) they are planning to exchange into controllable “wrappers” Note: not every cryptocurrency project has trading and programmer teams that are ensuring the liquidity of their tokens or coins on the exchange market. Graphs below show the two typical examples, first one contains MM and the other doesn't. First graph clearly shows that trading bots have an impact on the tool’s price, spread and direction. We have a successful personal experience in this sphere. We were taking part in trading bots development and adjustment of trading bots on multiple exchange markets. Our plan is to have comments under each technical paragraph, where we explain and give real life examples. Next, we are going to analyze in detail the strategies and methods used to carry out this task, if we see that you are interested in such an article.
SEducation
by I.T.Analytics
2