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BITCOIN vs LITECOIN comparison. Bull market leader shift.Just a quick mention on something interesting I stumbled across while constructing my long term LTCBTC strategy. During the 2015 recovery phase after the bear market, Litecoin started rising aggressively prior to Bitcoin and led cryptos into the start of the new bull market. At some point it pulled back considerably and BTC started gaining momentum and lead the bull market while LTC entered a prolonged consolidation period. BTC made minor pull backs but never "looked back" on its way to a parabolic rise to the 2017 All Time High. This is a simple comparison intended to illustrate the shift in market dynamics. We see the very same situation taking place now.
BITFINEX:BTCUSDEducation
by TradingShot
2
Bitcoin heading over $8,900 into June not impossibe.If you mark all the green candle that were three months up in a row, and then the breakout from the high to the next high marked in pink it gives you some idea of where the current breakout could be heading. NOT ADVICE. Past performance is no guarantee of future performance. DYOR. Note that RATE OF CHANGE turned positive (above zero) Note price closed above yellow box first time since peak of 2017 (not shown in chart below which was created before closing price).
BITFINEX:BTCUSDEducation
by Felix000
Bitcoin -a brief history of the "confirmed" bull markets 2018-19Hi guys! I have decided to create this diagram to show you, how majority of the crypto community has reacted to every single counter trend rally (and "trendline break" ) from all time high to present.. I am almost sure that these series are not over and we will see a couple of more "definitely" confirmed bull markets all the way down to real capitulation. All the best and, take care a stay patient! -DP-
BITSTAMP:BTCUSDEducation
by DataPatron
1
Forget Bitcoin and watch this textbook TA!Away from the action on BTC and the S&P500, I'm making big profits on hidden gems, like this UK stock. A classic TA inverse head and shoulders setup! Straight out of the dusty textbooks. Strong volume on the left shoulder and weak volume on the right shoulder, just as it should be. I bought just above the breakout line. The breakout is clean, retests to a perfect level and then takes off like a rocket! Beautiful. (and highly profitable).
LSE:PPSEducation
by GlenGoodman
7
BTC - Be cautious of the 5th wave. Elliott Wave Psychology Elliott Waves are derived from human psychology of Greed/Fear. Take care when U trade/long 5th waves, most retail traders tend to FOMO here because they missed the initial waves Note that 5th wave in turn has 5 subwaves, DONT long the 5th subwave of the 5th wave Reference:- www.profitf.com Here is an example of possible waves for BTC with the recent uptrend. Where was your entry? Where do you plan to exit? Here are my thoughts Entries 1) The best, most profitable long entry is at the beginning of wave 1, but its very hard to catch the bottom 2) Wave 2 is good for entries as you can set a stop loss at beginning of wave 1 (In EW, wave 2 can't go below wave 1) 3) Beginning of wave 3 is also a safe area to long, especially when price crosses wave1 top. This is least profitable entry, but safer and easier Exits 1) Wave 3 top is a safe exit, especially if you entered in wave or wave 2 2) Subwave 3 of the 5th wave is a profitable place for exit but little risky 3) 5th top is the most profitable exit, but also the hardest and riskiest. IMO not worth the extra profit as its always hard to catch the tops 4) 4th waves are usually triangles and tend to be hard to trade There is always corrective waves (usually ABC) after 5 wave are done, if you weren't able to exit during the 5-wave uptrend, it is ok to exit during the beginning of the A or during the deadcat bounce of B wave Note that B waves are perfect bull traps, easy way to recognize them is that they have only 3 subwaves instead of 5 subwaves Hope this helps! Please leave a thumbs up and love to hear your comments
BITFINEX:BTCUSDEducation
by imkeshav
6
BTC – A Subtle Art of Setting Stop LossesHi Guys! We are sure many of you lost money being discarded from your positions even though you correctly predicted the general direction of the price. It happened to us as well . Many times. After such event, you feel bad and temporarily freezes from entering the new position because of the fact you feel insecure and you lose your self-confidence . Unfortunately, many untrusted exchanges take their position in granted . They see the whole order book and they see our stop losses. The art of setting them properly is to set them where no other participants do the same. In such a place, it is very likely our position maintains and we earn money together with manipulative participants of the market. Unfortunately, that’s the way it is. The same happens on forex but not in the exchanges but on the brokerage level. Please take a look at the charts . Everything is described there. Please let us know what you think? Do you have any other interesting strategy? Remember set your stop-losses at the least obvious place . Thank you for reading and your time. MASSIVE Hugs! WBM Team.
BITFINEX:BTCUSDEducation
by WBM_Team
1
Bitcoin (BTCUSD) Insiders Exit Crypto as Shown by USDT SupplyThe chart shows the Bitcoin price and the Tether (USDT) supply, i.e. the number of USDT coins in existence, in blue. As you can see the supply of Tether was increased by 20% in mid-August 2018. This was to provide liquidity to allow insiders to swap their BTC for USDT for the final exit at 6k. One months later, just days before the massive BTCUSD price spike and Tether price drop on 15 October 2018, they started quietly swapping their USDT for real money ($$$) via the Bank of Tether thus cashing out of crypto. During this period the supply of Tether dropped -40%. That was approximately $1.2 billion dollars. All the time the price of Bitcoin was maintained stable at about $6400 on average. This was so that insiders (scammers, criminals and assorted scumbags) could continue to sell their Bitcoin for Tether at a good price. The only instability was an intraday spike to almost $8000. This allowed insiders to load up shorts, but otherwise the price of Bitcoin was stable until the insiders were finished cashing out of crypto in mid-November (bottom of red arrow). THEN and ONLY THEN did the Bitcoin price drop, IMMEDIATELY. WHAT A MIRACULOUS COINCIDENCE. Interesting is that the Network hash rate (yellow) peaks when the the Tether supply (blue) peaks way before in August, i.e. before the price (candles) crashes. The so called hash war with BSV (red) vs BCH and Wright vs Ver was really not relevant imo, in other words just a cover story for dumping. (BTC hash rate in yellow)
BITFINEX:BTCUSDEducation
by RealMcafee
4
Do you believe in Bitcoin Fractals? If so then take your pick!I am going to keep it simple on this one. After all Bitcoin is not a complicated asset, it follows the same patters and cycles again and again (longer term to a greater extent). So if you are into Fractal Analysis I have something for you that may be of interest. Since the December bottom we have a steady rise. Steady and not aggressive/ parabolic as BTC is still in the Accumulation Phase will most likely stay there for quite some time before it breaks or makes new All Time Highs again. Steady price action calls for clearer patterns with more standard entry/ exit points. So I attempted to break down this steady rise into 3 Fractals, all having as a common factor the duration, which is approximately 53 days. Assuming the current one (3rd in succession) lasts for 53 days as well, what remains to be calculated is the relative price action within. If it follows Fractal A then it (Fractal C) should make an equally steady decline of around -22%. If it follows Fractal B then it (Fractal C) should trade sideways within 4900 and 5500 until its completion. If I am taking a pick I would go with Fractal A mainly because it (Fractal C) is close to Double Topping around the same time (22 days). Also the rise from their bottoms is more close. Take your pick and let me know what you think in the comments section! P.S. For the record (because you may misinterpret my approach), MA analyses and Fractal pull back levels are only suitable for buy on the low, sell on the high to short/ medium term traders. Long term investors (like me) should keep what they already have on their portfolio and stick to adding/ accumulating Bitcoins on those pull backs. In the meantime, feel free to take a look at some related material on BTC:
BITFINEX:BTCUSDEducation
by TradingShot
7
Bitcoin: Levels of Price Action One of the first most important and fundamental thing for any trader to do, is to properly define price levels on chart. Dealing with Bitcoin price in 2019 you can witness it's peak near 20 000 price range and as price went down by now to 3750 area, this means most traders will set their levels at closest round numbers like of course at the middle 10 000 and lower 5000 level. Second important levels are intermediate primary like 2500 and 7500 which are calculated by dividing main levels in two, and finally you get secondary intermediate levels 8850, 6250, 3750 also calculated by division in half. As you can see on BTC chart these levels work out perfectly well. Setting levels is a very simple part of TA, but it gives a lot more comfort and vision, when making trading decisions. Good Luck
BITFINEX:BTCUSDEducation
by leonidtoburokov
Bitcoin Cross is about to happen! See how to trade the pattern!The 1D MA50/ MA200 Cross (Golden Cross) is about to take place and you are still wondering how to trade it? Well the last time that happened in July 2015 following the previous bear cycle's bottom, Bitcoin pulled back by around -35%. Then the price rebounded towards a Death Cross (1D MA200/ MA50) that made it consolidate before a new (and final) Golden Cross that pushed BTC to new highs. The Distance between the 1st Golden Cross and the Death Cross was around 62 days and the (D) between the Death Cross and the 2nd Golden Cross 42 days. I have tried to plot the same pattern into today's chart. The conclusion is yours! *Bonus the Ichimoku Cloud which plots a path ahead of the Crosses! It never hurts to look at related material: The MA cross on the 1W chart The pull back explained by the RSI
BITSTAMP:BTCUSDEducation
by TradingShot
92
Bitcoin 4-Year Cycle 3As you can see in the chart above, BTC has had 4-year cycles of bull and bear markets. The purpose of this idea is to keep in mind the big picture in regards to BTC price. In my opinion, Cycle 3 has now begun. It was a brutal bear market but believe it or not, it was shorter than the Cycle 2 bear market by a few weeks. However, it is important to understand that even though the bear market is over, we are still a long way from new highs and parabolic moves. If Cycle 3 acts similar to Cycle 2 in terms of time and price, the following timeline is expected: - BTC retests previous high/makes a new high in December-2020/January-2021. No one and I mean no one (news, family, friends, etc.) will give a shit about bitcoin until it hits a new high. This is why the smart money is invested around this time ($3,000 to $5,000) near the Cycle 3 low. - BTC goes crazy (parabolic) between June-2021 and November-2021. Expect a lot of talk about crypto in general during this period. You'll hear about it on TV, newspapers, family, friends, etc. - BTC crashes hard on January-2022. As usual, when everyone and their mother is invested in crypto, it will crash HARD. NOTE: The above timeline will NOT be 100% accurate. However, it provides a great perspective on how long it takes for BTC to make a significant move even if the cycle low is already behind us.
BITSTAMP:BTCUSDEducation
by Fib_Trades
2
FIB, RSI, MACD, AND BREAKOUT PATTERNS ARE TRASH! (MUST WATCH!)I'm aware the title has offended you. Read through this post anyway, I'm sure I touch up on your complaints. Stop forming your identity around your strategy. Even I am not immune to this. it’s all too common to form a personal relationship with the tools you’re using to trade. Whether that’s the indicators on your chart, your Gann shooting star wave pattern Fibonacci double top, or your boutique breakout patterns. It doesn’t matter how bland, innovative, common it is or if it’s the “golden standard” everyone worships and trusts. I’m happy that you like it and found something you identify with. It should be nice and comfy for you to settle into that confirmation bias, “Mm, yes it is indeed a double top” as you scroll through the fifth page of the Tradingview ideas section, pinpointing the chart that agrees with you. There’s a better way to do things. I don’t care what you’re using, maybe, just maybe, there’s a way to improve your strategy. I can confirm this idea is seen as wildly offensive. Ask someone why their strategy works and they’ll cringe like you just asked them if their spouse is cheating. “How dare you question their effectiveness! I’ll let you know we have a long history together and I love them very much.” I’m sure you do, but have you noticed some of the warning signs? They’re all right there in front of you. It may not feel good when I ask, but if the signs are there and 3/4ths of marriages fail, it wouldn’t sit well with me if I didn’t speak up just to keep you comfy cozy. Analogies aside, your “spouse” is your strategy. The warning sign is that you keep on losing trades, blaming your loses on “volatility” without wanting to admit what the real problem is. Perhaps you’re still green for now, just wait for a larger sample size of a trade history. Much like your imaginary marriage, the odds are wildly against you. Why do you think 95 plus percent of traders fail? You can massage data however you like, the problem is at some point you decided to stop improving because you got confident. If you met a tribe in the wilderness who planted fish in their fields as “an offering to their gods” in order to grow bigger crops, what do you do? Do you keep quiet about their ways? Sure, their crops WILL grow larger because of this tradition, but not for the reasons they believe. Would providing them industrial fertilizer and a crop rotation plan improve their crop output? Absolutely, but that would require that they admit they’re wrong and would be contrary to their identity. You’d get the response “but it’s worked for us so far! What we’re using is a proven standard.” Their blind faith in their dogma would prevent them from seeing that maybe, just maybe their is a better way to do things. If you don’t know why something works, you need to be skeptical regardless of how effective it is. Don’t be satisfied with mediocrity, comfort and undeserved confidence will only get you so far. There will always be someone with more experience, money, knowledge, and connections than you. You’ve brought a knife to a gun fight and have decided not to pick up the gun because you got some lucky stabs in. What’s worse is this even isn’t a gunfight, it’s thermonuclear war between institutional investors. If you're a middle school basketball star, do you cry when you skin your knees after getting fouled when you chose to play street ball in downtown Detroit? No, because you should have known what you were getting into, and if you do cry, all the street ballers will tear you to shreds. If you don't want to play street ball and learn to play like everyone else does, go back to your middle school basketball court. If you can't understand why you keep getting hurt trading crypto and are unwilling to adopt the winning fighting style, go back to trading securities. Winners don't need to play by the rules of "golden standard" of TA.  What if the "golden standard" is only so because they're tools that make you predictable for people who know better? If you have the masses all trading the same information, that makes for predictable moves.  Predictable traders make for a predictable market. A predictable market makes for a profitable market. The only reason you've been given the "golden standard" is to provide liquidity for those with more buying power, resources, knowledge, experience and connections than you. Specifically concerning the crypto market, there are additional flaws. "There’s a general point here to make about standard oscillators like RSI: the numbers used for them basically assume conventional markets and typical oscillating ranges. They were not designed to describe dramatically trending coins. In such trends, they tend to go deep into “oversold”/“overbought” territory and persist. You may get several divergences before the one that actually reverses after exhaustion. I wouldn’t call it useless so much as having far lower predictive power than advertised. It’s also something so widely used that you can virtually guaranteed not to have an edge from that information." -acatwithcharts If you ARE interested in a better way to do things, I am inclined to think my findings aren't half bad. Click through the links below and in my signature to learn more about how I do things differently.
COINBASE:BTCUSDEducation
by DadShark
10
The party is just around the corner on BTC and you are not late!Ok apart from the humorous title, what I want to make clear on this chart is that Bitcoin has entered the final stage before the lift off. Before every low is higher than the previous. Before the new bull cycle essentially begins. How that happens? Well for starters we can, with a high degree of certainty, say that the bottom is in (priced on December). The reason is clear on the chart particularly on the support offered by the parabola. So where are we now? Well BTC sits on a tight squeeze within the weekly MA50 (applying Resistance) and the MA200 (applying Support). In the previous cycle the final test of the MA200 signaled the start of the new uptrend. Why? Because the MA50 was crossed emphatically and became a support ever since until the new All Time High. So when these two conditions are met, I expect a non-stop rally to take place. I would consider the Halving also but I don't want to make the chart too complicated. After all trading Bitcoin has been and still is pretty simple because every cycle is fairly similar to the previous one and follows a specific set of rules. If you are an investor, wait for that long term buy, forget your investment for 2-3 years, come back and profit. If you are a trader, buy on every pull back during the bull market and sell on every rise during the bear market. Now why I say this? Because traders can wait for that pull back for the final test of the MA200 to reload longs, as I have been making quite clear on my last analyses (see below), while investors can feel pretty comfortable accumulating more coins on every pull back. Are you waiting for that magical moment too and start the party??? Let me know in the comments section!!
BITSTAMP:BTCUSDEducation
by TradingShot
43
The Key Elements to Succeed in The Financial MarketsIt was expected that the main message which I tried to pass to you in the last educational post would not be so popular. I tried to talk about things which are not catchy and their effect will be shown only in time. Work hard and reach your goals. Work hard and become a profitable trader. Work hard in order to get access to new opportunities. But at the same time, I got an additional confirmation of why 90% of people fail in trading. Why «gurus» and «legends» are so popular and why the community was spoiled by pushing forward simple solutions which can make millionaires from everyone. On the other hand, not too many millionaires here, so it seems the quick and easy route, as expected, does not work. We have to understand that the majority of people in any trading community is made out of people who don’t have an interest to become successful and change their life to the better. They want to become rich as soon as possible and, for them, sweet dreams have higher priority than hard work with real results. For those, who could get the message correctly, we will move further and in this post. Let’s talk about the key elements which any successful trade must have. Let’s talk about the basis of success! Let’s try to make the clarification of what you must have for profitable trading and which tools to use. It’s pretty simple – there are 3 key elements. KNOWLEDGE, EXPERIENCE and TOOLS - are everything you need to succeed in the financial markets! There are no other ways or magic tools which can bring you to success. Only these 3 elements will become the solid basis for reaching your goals. Let’s talk about them with more details. KNOWLEDGE - you should be very naive thinking that you can become successful without knowledge. But it is not sufficient and you can’t stop half way: knowing just a part of what is required won’t be able to move you to the top in any field. Knowledge is what separates novices from professionals. The level of knowledge makes the difference between failures and success. Look around... How many people you can find who become successful without knowledge in their field? I guess not so many. I guess Elon Mask reached his level only because he is smart guy and he spent many hours learning something new. That’s why he holds 2 degree in physics, one in economics one in business and a PhD in energy physics. I’m sure his level of knowledge allows him to think out of box and create the things which can change the World. Mark Zuckerberg had good knowledge in programming and it helped him to create Facebook. I want to know, could someone create something big, interesting and useful, or just reach the top without knowledge? I think we all say - it’s impossible and it will be the correct answer. An attempt to build something or reach a goal must be supported by the knowledge in that field. And it’s logically. And what is illogical then? Novice traders deciding to base their decisions on little knowledge or none at all. Why when you start trading you decide to skip knowledge and you don’t want to waste your time and efforts on acquiring it? How are you going to become rich without the most important element? Knowledge plays a very important role. It gives you the solid basis for your growing as a trader or investor. Knowledge helps you to understand what you are doing and how you can reach your goals. Knowledge allows you understand where you are right and where you made mistakes. Knowledge helps you become better. Day by day reading about trading, you grow as a trader. With solid knowledge you have a solid support behind you which helps you move in the right direction and reach your targets. The Real World is open for everyone who wants to improve himself and become smarter. The Internet provides tons of knowledge. You get any answer you want just by typing the question in Google. And you just need to make this step and start learning what you have to know for successful trading. When I tell you - you must work hard for become successful - think about it as you have to put all your efforts for getting new knowledge in the field where you know nothing. Everyday try to learn something new. Try to understand what you did yesterday and how it effected on you. Get knowledge from books, articles, videos, courses and become better day by day. I started 12 years ago and to this day I still invest regularly into new knowledge and I will continue to do so in the future as well. Start each day thinking - Knowledge is Priceless! Try to spend each day a bit of time to learn something new. Find the time, put your mind to work and put efforts in learning how to read the financial markets. Even if you spend 30 minutes or one hour per day in some time you will be able to create a solid basis for the next 2 elements which you need to reach your goals. EXPERIENCE - the 2nd element after knowledge. Probably you already know how experience helped you in your life. How it helped you to avoid mistakes or do something in the right way. Experience in all activities plays a very important role too and the same goes about trading. If you passed through some situations, there is a good chance that in the future passing through the same situation you will do things faster and better and in a correct way. Experience allows you to do things properly and in combination with knowledge it creates something really powerful. With these two elements you will know what to do and how to do it. Let me give you a simple example: You started trading without knowledge and you blew up your money. Which experience did you get from this? If you don’t care about knowledge and experience – then you would not have paid attention or learned any lesson from this. You would repeat again the same actions and by no surprise you will meet again with the same result. But for those who would like to really succeed in the financial markets you should take some lessons from the previous scenario: - you lost money because you made something wrong, analyze what that was - you made mistakes because you did not know how to trade properly, now you know how to avoid blowing up your account if you will be in a similar situation - if you do the same next time and change nothing, you will get the same result. So next time, you will try something new based on your knowledge and experience, and expect a better outcome. The past experience can protect you in the future and help you to avoid mistakes. Also the past experience can help you to improve yourself in order to get better result. Knowledge will give you the ideas which you will apply in order to become better. Experience will remind you when to apply which knowledge for which particular situation. It’s a very simple example of how experience in combination with knowledge can make better results for you. But there are millions of different situations which can be useful for you and can help you to become better too. You just need to gather your priceless experience and combine it with your knowledge in order to become better. The problems of all novice traders are: - they don’t understand the future effects of their actions in the present - they don’t have the necessary experience to know why not trade without stop orders or why they need to follow the proper money management strategies. Knowledge can explain these simple things, but not all of us like to follow the theory without trying it by ourselves. Probably we must test it in order to trust it, and that’s ok it’s human. That is why personal experience plays such an important role. When I told you - work hard – I meant that you have to spend time and put efforts to combine your past experience, make your analysis, understand it, learn from it and use your newly gained experience in the future. You can get experience from everywhere. Every trade can give you a piece of experience and it does not matter if it was a winning or losing trade. Both scenarios are good teachers. Every mistake which you made is priceless for your future. Every new market movements can give you insights on how to act in the same conditions later. Everything which can be learnt from experienced traders should be taken by you in order to grow your personal experience faster. TOOLS – the third element, and the one which is the most popular among the novice traders. TOOLS combine everything which helps you to trade and make money in the financial markets - trading signals, trading strategies, trading robots, market overviews - all these make up the tools we use. Novice traders like to think that they only need a profitable trading strategy or profitable signals in order to start making money. Unfortunately no. That is so far from real trading. Trading Strategies and trading signals won’t make you rich because of several reasons. Trading signals like trading strategies are only a tool. Can you imagine that you will become a good musician only if someone can give you a good musical instrument? Can you imagine that you will become a good photographer only if you can buy a good photo camera? There are many example which can be taken confirming the main idea - tools are just tools. If you don’t have the knowledge and the experience to use these tools, they will be unworkable and useless for you. That’s why the same situation we can see with novice traders, when they search for and get tools, but know nothing how to use them correctly. Not all tools can be suitable for you and your goals. For example, if you want to create music, probably a photo camera is not the best tool for you. If you want to build something, probably a guitar is not the best tools for this. The same goes about the trading. If you use the wrong tools which are not suitable with your lifestyle, nature, conditions and your goals – what makes you think you will succeed? I know good examples when traders bought trading strategies for day trading, but they could not follow them because they had to work full time every day. They broke the consistency of these trading strategies and got results which were far from expected ones. I know examples when traders started using trading signals which were focused on long term trading and big capitals. Having small capitals and breaking the rules of proper money management – their results were not amazing either. The same goes about traders who wanted to trade following trends, but they used range strategies or trading signals based on such strategies and all these were against the nature of the movement. These traders started having negative results and lacking the knowledge and experience they were usually pushed out of their comfort zone and this feelings further made them make more mistakes and break more rules. It’s all downhill from there. As a result, using workable tools in wrong conditions which also don’t match your lifestyle, nature and goals is never a good idea. If you do this, you will be as close to failure as possible. Don’t be surprises if you results will be far from expected ones. In order to understand all this, you need to have knowledge and experience. Trading signals, trading strategies, trading robots won’t make you rich if you don’t have the knowledge and the experience to use them correctly. But combining these three elements, they will give you everything you need for successful trading. When I tell you - work hard - I mean you have to put a lot of efforts trying to find the workable tools for you. But the best variant is the one where you gained enough knowledge and experience to be able to design the tools which will match all your nature, lifestyle, conditions and goals. CONCLUSION In this post I tried to explain to you why knowledge, experience and tools are the main elements of successful trading in the financial markets. It won’t be possible to reach your goal having only 1 or 2 of the elements. They must work together, like the legs of a tripod, 3 parts supporting each other make the solid base together. Working hard, you will be able to gain and control these 3 elements which will help you to reach your goal in the financial markets. If you are lazy, keep searching for trading strategies and trading signals thinking that they will make you rich. In the next post, we will talk about - what do you need for profitable trading in the financial markets. You will learn 5 different things which every trader must have in order to make profit in long run. If you like my work, please support it by your LIKE. If you have something to add, ideas, thoughts, please leave them in comments. I will be glad to discuss with you. Don’t forget to read the other posts about trading, they will help you to understand better where you are now and what you have to improve in order to start heading towards the 10% successful traders.
BITFINEX:BTCUSDEducation
by DLavrov
30