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Crypto Explainer - What is Bitcoin (BTC) + Price AnalysisAlthough Bitcoin is very well known today, many still don't understand it fully. Here's a quick explainer of what Bitcoin is, why the big fuss about eco-friendliness is surfacing and affecting its prices, and what's happening with Bitcoin's price. Bitcoin is a decentralized digital currency that can be sent from user to user, without any intermediary. The Bitcoin token runs on the Bitcoin Blockchain, which facilitates the transfer of those tokens thanks to a peer-to-peer network. In order to maintain this infrastructure, miners (aka distributed computers) make sure transactions tally and are processed correctly. In turn, they would get a small fee from the transaction they processed. There are many debates about “inefficiency and eco-friendliness” in the crypto community today. And that’s the main weak point for Bitcoin. This year 2021, Elon Musk criticized Bitcoin, saying that it is unsustainable and bad for the environment, as miners who maintain the Bitcoin blockchain require a tremendous amount of electricity. On the other hand, what if Bitcoin mining improves and we find more efficient ways to mine in the future? Any improvement in the fundamentals leads to better Bitcoin valuations. This dilemma paved the way for other altcoins to emerge and solve this scalability problem. But Bitcoin remains the biggest cryptocurrency by market capitalization, as its valuation surpassed 1 Trillion recently. Invest responsibly, and always do your own research. CryptoTicker team
BITFINEX:BTCUSDEducation
by CryptoTicker
Trends in Technical Analysis 📈📈✨What are the trends in technical analysis and what is its application in digital currencies such as Bitcoin and other cryptocurrencies? In the second part of the tutorial, we will look at the trends. The concept of trends is definitely one of the principles of technical analysis. All the tools that we will teach in the following are created from patterns, oscillators, support and resistance levels, indicators, and with the aim of helping to measure the price trend. Even if you have been in the market for a short time, you must have heard the words, "Trend is your friend", "Always trade in the direction of the trend", "Never fight the trend". These are common phrases that you often hear in the market. So we need to take the time to define the process and know its types. Bitcoin price chart consists of uptrends, downtrends and neutrals John Murphy describes the trend in her valuable book, Technical Analysis of Financial Markets: The market never moves in a straight line. Market changes are characterized by a series of zigzag movements. We call these market zigzag movements. The result of the motion of these waves is TREND. ✨Classification of trends in technical analysis ▪️ Uptrend The uptrend is defined as a series of ascending waves. Charles Dow defines an uptrend as follows: "When a price is higher on an uptrend than the previous uptrend, or when the price is on a downtrend above the previous uptrend, we have an uptrend." In other words, the uptrend is a pattern of upward fluctuations. An uptrend indicates a greater power of demand or purchase over supply or sales, referred to as the "BULLISH market". The uptrend in technical analysis is the result of several uptrends ▪️downward trend The downtrend is formed as a series of downward waves. Charles Dow described the downtrend as exactly the opposite of what was said about the uptrend. This means that whenever the price is lower in a bearish wave than the previous bearish wave or the price is lower in a bullish wave than in the previous bullish wave, we have a bearish trend. A downtrend indicates a greater supply or demand power over demand or a buy, a "bearish market". The downtrend in technical analysis is the result of several downtrends ▪️ Range trend The Range trend consists of a wave or waves of ascending and descending that have a direct direction. In other words, if the price can not go above the peak of the uptrend or the price can not go below the bottom of the downtrend, we have a Range trend. A Range trend indicates a relative balance between buyer and seller power or market supply and demand. "Range market" refers to this trend. The Range trend in technical analysis is the result of several neutral waves ✨So far, we have defined the concept of trends in financial markets. We may be trending in the market but we need another tool to confirm our diagnosis, trading volume is the tool we need. According to Dow, trading volume is a secondary but important factor in confirming warnings derived from price analysis. In general, keep in mind that trading volume should be in line with the direction of the main trend. In the uptrend; Each ascending wave is accompanied by an increase in volume and each descending wave is accompanied by a decrease in volume. Trading volume should confirm an uptrend In a downward trend; Each descending wave is accompanied by an increase in volume and each ascending wave is accompanied by a decrease in volume. If you have any questions, comment for me🔥🔥
BITSTAMP:BTCUSDEducation
by seyed_mehdi
4
📣📣Lesson 1: Philosophy of Technical AnalysisHi guys Today I decided to start teaching digital currency And I will teach you the most important indicators and patterns that I use in my analysis. And in the first lesson I want to explain the philosophy of technical analysis And other courses including: ♦️ Session 1 - Philosophy of Technical Analysis , ♦️ Session 2 - Trends , ♦️ Session 3 - Support and Resistance (1) , ♦️ Session 4 - Support and Resistance (2) , ♦️ Session 5 - Charts and their types (1) , ♦️ Session 6 - Charts and their types (2) , ♦️ Session 7 - The downtrend line , ♦️ Session 8 - Ascending trend line , ♦️ Session 9 - Price Channel , ♦️ Session 10 - Graphic Patterns ♦️Session 11 - Flag Pattern , ♦️ Session 12 - incremental triangle pattern , ♦️ Session 13 - Decreasing Triangle Pattern , ♦️ Session 14 - Symmetric Triangle Pattern ♦️Session 15 - Soroshane Reverse Pattern ,♦️ Session 16- Roof Head and Shoulder Pattern , ♦️ Session 17 - Twin floor pattern , ♦️ Session 18 - Twin Roof Pattern , ♦️ Session 19 - Falling Wave Pattern , ♦️ Session 20 - Wage Rising Pattern , ♦️ Session 21 - Indicator and Oscillator , ♦️ Session 22 - Moving Average Indicator , ♦️ Session 23 - RSI Indicator , ♦️ Session 24 - MACD Indicator , ♦️ Session 25 - Fibonacci , ♦️ Session 26 - Candlestick Patterns. 🔴What is the philosophy of technical analysis and what is its application in digital currencies such as Bitcoin and other cryptocurrencies? In the first part of the training, we will discuss the basics of technical analysis. Let's start by asking what is technical analysis? Technical analysis is the study of market behaviors using charts with the aim of predicting the future of price trends. This is a description of technical analysis that is accepted by almost all experts. Philosophy and basis of technical analysis In general, there are three principles on which technical analysis is based. These principles include: 🎯 Everything is included in the price. The phrase "everything is included in the price" is the basis of the philosophy of technical analysis. This means that anything that can affect the price, including political, fundamental, geographical and other factors are included in the price. Belief in this sentence is a kind of introduction to technical analysis. After accepting this statement, we come to the conclusion that price analysis is all we need to study the markets. 🎯Prices move according to trends. Prices move according to trends. In other words, prices like to maintain their current trend instead of changing direction. This law is a kind of expression of Newton's first law of motion, in which prices will continue to move as long as the deterrents stop them. 🎯 history repeats itself. The philosophy of technical analysis is to study the past price and expect it to be repeated in the future. Another expression of this is to say: history repeats itself, and this is the key to predicting the future through the analysis of the past. In other words, the future is nothing but a repetition of the past. 🔴Technical Analysis vs. Fundamental Analysis In the first part, we answered the question of what is technical analysis and its philosophy. In this section, we will point out the difference between technical analysis and fundamental analysis. Both technical and fundamental methods always try to solve a single problem. The only problem is the forecast of price movement. In other words, in what direction the price tends to move. In fact, they approach a single issue in two different ways. The technical analyst believes that price changes are all he needs. In contrast, the fundamental analyst always deals with the causes and reasons for price changes. As in the philosophy of technical analysis, the focus is on price changes, in fundamental analysis, it is the economic factors that affect supply and demand and cause prices to change. Please support me with your like so that I can prepare more content for you
Education
by seyed_mehdi
Simple Price Action Strategy – Easy Money! $$$$$Here is one of my favourite setups that is easy to learn and trade. I’ve heard it called many things over the years and know that many successful traders watch for this pattern to play out as it has a high win rate. Whatever you want to call it, it’s worth studying and adding to your playbook. What’s actually happening in this pattern? -A low is formed. Long entries have stops below the low providing a pocket of liquidity. -As price returns to the area these stops are hunted and the liquidity is taken. Early breakout traders will short and become trapped. A base has now been formed. -Price returns to the base and retests it as support. -Price bounces back to swing high. How do we trade it? -The first thing we want to look for is a swing low (1) followed by a swing high (2). We can then mark out a potential range. -Next, we want price to return to the swing low and either trade briefly below the range (a deviation) or just quickly wick below (sweeping the lows), and then price should return to the range. This area is shown as 3. -Bids can now be placed at the range low. The setup is invalidated if price trades lower than 3, so stops should be somewhere under the low at 3. -Targets should be set at the swing high (2). -This also works for shorts – just flip everything upside down. You can see this pattern on all timeframes and it presents a lot of opportunities once you know what to look for. Happy Trading.
Education
by ForgeTrades
2
How to Use the Bitcoin Dominance Chart to Maximize ProfitsIn this post, I'll be explaining a simple approach to the cryptocurrency market, and how you can refer to the Bitcoin Dominance Chart (BTC.D) to maximize profits. Disclaimer: This is not investment advice. This is for educational and entertainment purposes only. I am not responsible for the profits or loss generated from your investments. Trade and invest at your own risk. Bitcoin Dominance (BTC.D) - Bitcoin Dominance is simply an indicator that demonstrates the percentage of Bitcoin's market cap relative to the entire market cap. - When Bitcoin dominance is high, it indicates that Bitcoin's market cap is relatively larger compared to that of other altcoins, and vice versa. - So when Bitcoin dominance rises, it could either indicate that: - Bitcoin is rising at a faster pace than altcoins (during an uptrend) - Altcoins are correcting at a faster pace than Bitcoin (during a downtrend). - Vice versa, a drop in Bitcoin dominance could indicate that: - Bitcoin is dropping at a faster pace than altcoins (during a downtrend) - Or that altcoins are rising at a faster pace than Bitcoin (during an uptrend). - Understanding this, you can refer to the Bitcoin dominance chart to rebalance your portfolio according to market situations. Historical Price Action - Above, I've marked Bitcoin's price action (black), relative to that of ETH (blue), which represents the overall altcoin market. - The captions in the chart best explain the logic behind the price action, and how dominance is affected by it. - What's important to understand is that the situation is relative: a high dominance does not necessarily indicate that buying altcoins is a good idea. - It's important to understand the overall market cycle and structure to determine which regions are good entries. Anatomy of a Market Cycle - Above, we have the market cycle explained using Elliott Waves. - The market never moves in straight lines: It goes through phases of impulse waves, and corrective waves. - Elliott Waves also have very strict rules that must be kept. - Or else, the wave count is considered negated. - Here are the rules: - Waves 1,3 and 5 are always with the trend - Waves 2,4 are always against the trend - Wave 2 can never drop below wave 1’s low - Wave 3 can never be the smallest wave - Wave 4 can never drop into the range of wave 2 (unless it is part of a diagonal) - With this in mind, we can now take a look at where Bitcoin is, from the larger wave count. Bitcoin Market Cycle using Elliott Waves - We can start counting the wave from $3.1k, when Bitcoin bottomed out around the end of 2018 - Based on this wave count, it could be said that the move up to $64k was the end of the 3rd impulse wave. - We have recently completed the 4th corrective wave, and are on our way to complete the 5th impulse wave. - As to why I have selected the $200k region and June 2022 as my price and time period target, please refer to my previous analysis below: Conclusion Bitcoin dominance is currently forming a double bottom on the weekly. With Bitcoin's wave count lining up for an impulse move upwards, I expect Bitcoin to rally upwards, outperforming other altcoins in the short-mid term. As Bitcoin paves way for the entire crypto market cap by breaking through all time high levels in Q4, we could see Bitcoin dominance reach resistance around the 60-70% range. At that point, given that the broader market cycle isn't over, it would be a good point adjust your portfolio, and scale profits from Bitcoin into altcoins for maximum returns. If you like this educational post, please make sure to like, and follow for more quality content! If you have any questions or comments, feel free to comment below! :)
CRYPTOCAP:BTC.DEducation
by Michael_Wang_Official
97
Read The Market (RTM) 🚦 each reversal pivot or node (flag) has big orders that makes a Failure To Continue interval which called FTC imagine that each reversal pivot has 3 disposable price interval like traffic light : 1. yellow (FTC accept) : its kind of protection for FTC, start of finding divergence like wave 3-5 of Elliot 2. red (FTC) : the level which has biggest order and most potential to revers 3. green (MPL) : its safe to continue... * notice that each interval is disposable, it means that if price touch it once, it doesn't work any more ... ** we have any fractal concept in this strategy like other's... sor for each big FTC, we have more accurate FTC ... if you dont know what fractal means, check "Butterfly effect and Fractal" tutorial on related ideas ... as you see in Bitcoin, 55-58 is the last FTC of FTC for uptrend and it has already touched once, so we dont have any red light above but .... it has just reached accurate red light and still we have FTC of 55-58 interval which is 56100-56900 ... so BTC should have some retrace to a reversal point (FTC) ... it has a minor FTC in 42k and major one around 38k, both of them are untouched ... after 37k is green to continue to 27 or 24 even... we try to continue showing each traffic light 🚦 in following analysis ... thanks for reading this article, hope it would gainful...
BINANCEUS:BTCUSDEducation
by AlirezaAzarm
1
price action patterns you need to know ( part 4 ) hi my friends , i'll share with you some patterns which can help you in trading ( part 4 ) Falling Wedge appear in downtrend and it indicates that the sellers are losing momentum in the market, and the buyers are gaining momentum ( long ) you can go long after the break or the retest of the trendline . rising Wedge appear in uptrend and it indicates that the buyers are losing momentum in the market, and the sellers are gaining momentum ( short ) you can go short after the break or the retest of the trendline note : Usually we find there is a divergence in the RSI indicator and this can be used as confirmation . please support me with like and follow me for more ideas .
Education
by Diamond_Chart
2
price action patterns you need to know ( part 3 ) hi my friends , i'll share with you some patterns which can help you in trading and make it easy . we find double bottom in downtrend and this pattern mean that price will change to the opposite direction ( long ) and we can use the line as a confirmation . double top appear in uptrend as signal of price change ( short ) and we can use the line as a confirmation . note : both of them ar reversal patterns please support me with like and follow me for more ideas .
Education
by Diamond_Chart
Top Crypto Influencers To Follow In 2021(part 1)Hi guys Today, I want to introduce you to the influencers that you should follow on Twitter and the news that they publish on their Twitter, can be effective in the crypto market. If you also know an important influencer who is not under this post, please comment. ♦️ 1.Elon Musk(@elonmusk) The ever unabashed defender of bitcoin and dogecoin, the King of Crypto on Twitter has amassed so much influence that a single, one-word tweet can make or break a currency, leading investors into some wild roller coasters as of late. Cleary, he’s the kind of crypto influencers to follow if you don’t want to miss out on all the action. ♦️ 2.Andreas Antonopoulos(@aantonop) This tech entrepreneur and open blockchain expert has long been regarded in the crypto community as a trusted and unbiased educator, with an extensive list of best-selling publications (The Internet of Money, Mastering Bitcoin) under his belt. He’s also the co-host of the hugely popular Speaking of Bitcoin, where he delves deeper into the technical aspect of digital currencies, the future of decentralized finance, the rise of neobanking, NFTs and, of course, the good ol' BTC. Antonopolous earned his stripes as an early adopter of digital assets and the blockchain, making him one of the very few bona fide crypto experts in an industry increasingly saturated by wannabe gurus. Follow his Twitter for all his latest tips and thoughts. ♦️ 3.Adam Back(@adam3us) As a pioneer of early digital asset research and adoption, Adam Back is best known for being the inventor of the proof-of-work system Hashcash, now used for cryptocurrency and blockchain verification purposes, all way the back in 1997. He also contributed to some of the world’s most revolutionary crypto-financial infrastructures through Bloc stream, a leading blockchain technology company of which he is the CEO and co-founder. The company places a heavy focus on developing distributed ledger technology (DLT) as well as other cryptocurrency ventures. Back has also gained his cloud as a top crypto expert by working as cryptography advisor specializing in security architecture, p2p systems, distributed file systems, protocol design and and cryptography protocols. ♦️ 4. Nick Szabo(@NickSzabo4) Before Bitcoin there was BitGold, one of the first-ever digital currencies, created by Nick Szabo in the early 2000s. In fact, such are the parallels between how both currencies came to life that many in the cryptocurrency industry believe Szabo to be none other than the illusive father of Bitcoin, Satoshi Nakamoto. Szabo has denied that claim to fame, but he can count developing the concept of smart contracts among many of the feats that have made him a legend in the crypto space. Szabo is well known for his political views on cryptocurrencies, often speaking on the issue of cryptocurrencies replacing fiat as a means for countries to bypass international sanctions. ♦️ 5.CryptoCred(@CryptoCred) CryptoCred is an independent Twitter educator and technical trader who has succeeded at amassing a massive online following for himself online with daily market analysis and trading tips. All his content is available for free and accessible across a number of platforms, including Twitter. ♦️ 6.Notsofast(@notsofast) Bringing with him a vast abundance of educational content and cryptocurrency market tidbits is Notsofast. He’s been around since the early beginnings of crypto and has become a prolific commenter on Bitcoin and Ethereum as well as Syscoin and niche crypto economies like Parkbyte. Notsofast is also an Altcoin miner . You can find his commentary across several YouTube channels and Twitter. ♦️ 7.PlanB(@100trillionUSD) If you are looking for a blockchain and cryptocurrency influencer who really knows his stuff then PlanB is definitely plan A. Commenting under an assumed identity, PlanB draws much of his experience from his two-decade-long experience as an institutional investment before migrating to the world of cryptocurrencies and becoming one of its most notorious investors and advocates. He’s also known for helping popularize Bitcoin’s Stock-to-Flow price predictive model, which has proven to be accurate time and time again. Based on that, PlanB has made some bold market predictions, most notably that BTC will hit $250,000 or higher in the near future. ♦️ 8.Josh Olszewicz(@CarpeNoctom) If you’re all about technical analysis trading, then Josh Olswzewics (aka CarpeNoctom) is another gem you might consider following on social media. This self-taught trader first got into cryptocurrencies after stumbling upon it by chance on Reddit, bought his first digital currency in 2013 and then famously predicted that Bitcoin would hit 33K by July of 2018. So yes, he’s widely known as the 33k Guy and his followers love it. Josh posts relevant information pertaining to current happenings, news, trading tips, and memes on his Twitter account. ♦️ 9.WhalePanda(@WhalePanda) Another fellow Bitcoin Class of 2013, WhalePanda has a long track record of commenting and making accurate predictions about cryptocurrencies and the blockchain. He’s also an angel investor and many industry followers turn to his hugely popular Twitter account for some sound advice. ♦️ 10.DonAlt(www.youtube.com) . . . If you’re looking for someone to help you with dipping your toes into digital asset investments and cryptocurrency trading, then DonAlt is another great educator. They are well known for having a strict no-promotion policy as well as dishing out no-nonsense advice across on social media. Together with CryptoCred, they’re also the host of TechnicalRoundup on Youtube.
BITSTAMP:BTCUSDEducation
by seyed_mehdi
65
ETH An example in why retail traders are wrong!Good Morning traders! Today I have a great example of order protection and liquidity building. This is something that I have been speaking about for a long time and this current PA shows it well. The blue boxes show places where large orders have been placed and and initiated moves. See how price returns to retest these areas?! this gives the Banks, Whales and big players a chance to protect orders. Retail traders place orders outside of these areas "support and resistance areas" These orders can easily be seen, and therefore hunted. The highs and lows create areas for the big players to exit the large volume positions as every buy order needs a seller and vice versa. I hope this information has been helpful. As always trade safe. EnvisionEJ
BITSTAMP:ETHUSDEducation
by EnvisionEJ
3
Is BTC entering the grand super cycleI have always been bullish with cryptocurrency, especially in BTC even though many will argue that it has not much of a usage apart from just transaction. But BTC has and will be the leader since it has garnered the most attention from the institutions and even countries like El Salvador. Mores o, Citibank has come out with the current report on cryptocurrency, last being in 2014 stating the potential of the currency itself. Remember, wave 1 is always the time where it gets attention from the people. Many eager eyes from the insitutions and big players might have been accumulating the currency during the correction, namely Cathie Wood, JP Morgan etc....The usage of blockchain technology is spreading like wildfire. I remember during the 2017 bullrun it was brought on by ICO and the crypto millionaire frenzy. But this time is different. The years long of development in the technology has successfully garnered the attention of many tech players and businesses. Players like VET has successfully penetrated the commercial world. You name a few coins and you will see businesses are beginning the use the service. It is becoming mainstream sooner or later. It's quite interesting to look at BTC chart in a longer time frame such a weekly or even monthly. What has really struck me was the bullishness of the currency itself. Be it weekly or monthly, it just shows the signs of bull. The uptrending in price between August 2020 till April 2021 might be just the 1st wave it has done. The correction until August might be the end of wave 2 which correlates with the falling to the support of 0.618. if this holds true, the 3rd wave is just beginning to form. The third wave is where most people will catch on the rocket and is always the longest wave form. The third wave usually achieves 1.618, 2.618 or even 3.618 of the 1st wave. But bear in mind in each wave, there will be a smaller wave of correction. Meaning, the saying of hold and buy the dip still holds true. Since it's long term bullish, traders just have to buy the dip and sell according to the resistance using fib and patterns in the chart (please correct me) Whether should we compare to the price chart in 2013/14 or 2017/18 is not relevant to me because they are just reference. Many people have been commenting about bubble. Yes, anything that is too hot will have to take some chiller. But not this time. I strongly believe as long as the currency has not gone mainstream and adopted by most companies, there bubble is still not yet to burst. If BTC can achieve even half of the market cap of gold, then it might reach the height of 300k or even 500k. Mind you it's the circulating supply that matters. We know that there are BTC that are missing forever due to certain reasons. I am here to provide some perspective of the currency if anyone is still in doubt of the potential of cryptocurrency. Cryptocurrency is here to stay. I will not say it will bubble for the next few years. BTC might be having a bullrun for the longest period of time I would appreciate if anyone can comment on the idea to give more perspective.
Education
by V12bull
6
Guidance note - short selling and trading in generalI though I would write a simple Guidance Not on shorting etc., - In general, sell rallies (refer below for guidance) - use candle wicks at rejection points. - wicks + inside bar - a good limit grid point to sell. - trade limit order book exhaustion - not mid range unless news etc., determines otherwise. - be careful of short covering forces and bargain buying. - using closing price to identify the floor / ceiling - candles are range IN time - closing prices are range OVER time . - nice to have a market with you - look for other evidence not just noise trading i.e. SOPR peaked out or negative. - marry-up trading aggressiveness to capital management. - trading style is aligned to your temperament - trading style aligns to the time you have available to monitor. More aggressive, more scalping, lower time frame -> more time commitment required! - Taking profits is as important as stop losses. - Identify market breakeven points - price action normally follows where traders are trying to breakeven.
BITSTAMP:BTCUSDEducation
by Adam-Cox
5
BTCUSDTHey everyone, I'm not trying to predict next movement. I can say neither it goes up nor it fall down. So, please consider this as a tutorial : 1st question : what is an uptrend exactly ? Uptrends occur when we see higher high and higher low. 2nd question : when can we say an uptrend is getting stronger ? When we see upward movements which are larger than their previous movements. For example, in a 12345, 23 should be equal or larger than 1 and 45 should be equal or larger than 23. 3rd question : when can we say an uptrend is getting weaker ? Of course when it's upward movements getting smaller and weaker continuously. So, as we can see in the chart, as the time passes, we see weaker and weaker upward movements which is a sign of forming falling trends in the future. BC = 0.78A, DE = 0.618BC and guess the question mark! XY = ?????DE If XY can not reach DE's height, we will presumably see a price correction in the future. Furthermore, on daily chart, we can see divergence in RSI which is a sign of future bearish trends. Also, you can see easily a downtrend in the volume indicators. An increase in price along with a decrease in volume is a bad sign for the bull market.
Education
by mohammadshams33
1
What does burning a coin mean? Can it tackle inflationIf you find the analysis useful, please like and share our ideas with the community. Any feedback and suggestions would help in further improving the analysis! ➡Coin-burning is the intentional and permanent elimination of a portion of cryptocurrency coins from circulation. It is done by sending cryptocurrency tokens to an eater address, also known as a ‘blackhole.’ It is a wallet address where no one holds the private key. Without the private key, these tokens cannot be accessed by anyone and are lost forever. Although creating an artificial supply crunch might seem like an illegal market manipulation technique, it definitely isn't! This act is primarily done to control the price of the particular coin. All the transactions are recorded on the blockchain and cannot be altered. Therefore, everyone can verify that the coins were actually burned. Burning a portion of the entire circulation decreases the supply, thereby increasing its relative scarcity. ➡How did coin-burning as a concept evolve? It is not a new concept at all. Although coin burning in cryptos gained huge popularity recently, a similar concept exists in the case of stocks. Companies buy back shares thereby reducing the total circulation, creating an artificial supply crunch. One of the most notable instances of coin burning was when Vitalik Buterin, the co-founder of Ethereum burned more than 90% of his Shiba Inu tokens. More recently, with the London Hard Fork, close to half a million dollars worth of Ethereum is being burned every hour. ➡Can all coins be burnt or only some specific ones? All cryptocurrency coins can be burnt. The decision to burn tokens usually resides with the developer/miner/team behind the particular coin. ➡What is Proof-of burn? Proof-of-Burn is a consensus mechanism implemented by a blockchain network that operates on the principle of allowing miners to burn virtual currency tokens. Proof-of-burn is like the Proof-of-Work mechanism without the energy wastage. Proof-of-burn involves a mechanism that promotes burning crypto regularly to prevent unfair advantage to the first movers. It also helps to maintain mining power. Instead of a one-time affair, the Proof-of-burn engages miners to carry it on as a routine activity. ➡What it's the need to burn coins and how is it beneficial for the investor? There might be different reasons to burn cryptocurrency coins. The most notable objective is to create a deflationary effect. Removing a large portion from circulation causes a supply crunch. It drives the coin price higher. It makes existing investors pretty happy as the value of their investments is now higher. Additionally, coin burning provides a natural mechanism to prevent spam attacks against something called the Distributed Denial of Service Attack (DDOS). Therefore, it acts as a safeguard for the network. After the London Hard Fork upgrade to the Ethereum network, around 3.17 ETH is being burned every minute. To put this into perspective, as of today’s ETH price of $3100, around half a million dollars worth of ETH is being burned every hour. ---------------------------------------------------------------------------------------- Keep supporting:) -Mudrex
Education
by Mudrex
7
Trade what you see, Bearish or Bullish? You tell meGood day fellow traders. I hardly post these days. But for the purpose of sharing some views. You could say Logic> retrace vs what does the structure tell you. Let me be clear always be bearish aka sensible. Before you make a decision!!!!! I expected a correction of larger size in the last week. So what is happening We are currently in what seems to be a 5ft wave within a larger structure. Which to be clear, atm looks quite bullish. Does that mean we go up? Not necessarily. The probability is more favorable atm. The battle is still waging. Most anticipate the 50.7K level to be of large interest. This makes sense for the psychological part of trading and coincides with some levels off course. Looking at the indicators at our availability. Volume has been fairly controlled from the move of 30k to current. So imagine what happens if volumes decrease, will we fall, most likely. Will it be as hard as most people are stating. Not so sure. When we look at the last corrections these were all very controlled and with a lot of strength (we lacked the large volume as stated from start bull). But also the large selling from the correction from 65K. It also states that there are always buyers waiting at every correction to add positions. Renewed interest at support levels. Now, what will happen if the large volume does return in strength? Easy push thru 50K levels? The MACD is trying to cross bullish, not there yet! But if we get a buy signal at these levels and position of our MACD. Imagine the wave possibilities for the size of the next wave. The RSI is showing a lot of strength within the recent moves. Again an indicator that is leaning towards strength. Maybe more power than most have thought over the last weeks? The weekly chart: What does that tell us? Pinbar? bullish cross MACD? Bullish cross DMI? Started a 3 wave within a larger supercycle? Weekly support 43K resistance 50K > 57K. Favorable TD count. Nice looking Pinbar candle atm. TP on the weekly are the fib extension levels from the start bull run 127-161. 4H chart just for info: So what is going on? Time will tell. The point is never anticipated what the others tell you. DIY, that's where you will make a long-term investment, swing trade. Day trading is a different story. Crypto can change very quickly. Do yourself a favor and watch the Daily and Weekly above everything else. This is not financial advice. Good luck to you all Old post to show the levels?
BITFINEX:BTCUSDEducation
by CryptoDonkie
2
Day Trading ES with Simplicity! Initial Balance VWAP and LevelsHey everyone I thought I can share with you what I see working intraday trading the Futures markets. One size definitely does not fit all. Beware of people that tell you their way or the highway! This may resonate with some traders and not with other traders. Getting really good at identifying the Initial Balance, VWAP and Daily Weekly Monthly Levels for areas of Supply and Demand, (where macro traders sit) you can get a great edge over time with your trading and build a ton of confidence. Check it out for yourself. I also use order flow to actual enter and manage my trade ideas but that is for another topic. Everyone take care out there.
CME_MINI:ES1!Education
by ViperFutures
2
Welcome to The Pivot Point.So whilst most people just see them as lines on a chart, I don't find many people know how to calculate them or have any real strategy around them. Here's an intro to Pivot Points; Summary Pivot points are used by traders in equity and commodity exchanges. They're calculated based on the high, low, and closing prices of previous trading sessions, and they're used to predict support and resistance levels in the current or upcoming session. These support and resistance levels can be used by traders to determine entry and exit points, both for stop-losses and profit taking. How to Calculate Pivot Points There are several different methods for calculating pivot points, the most common of which is the five-point system. This system uses the previous day's high, low, and close, along with two support levels and two resistance levels (totaling five price points), to derive a pivot point. The equations are as follows, with the added R & S 3! Indicators You may have already seen but @TradingView has a couple of built in indicators for pivots such as this one below; where these levels are automated for you. For stocks, which trade only during specific hours of the day, use the high, low, and close from the day's standard trading hours. In 24-hour markets, such as the forex market in which currency is traded, pivot points are often calculated using New York closing time (4 p.m. EST) on a 24-hour cycle. Since the GMT is also often used in forex trading, some traders opt to use 23:59 GMT for the close of a trading session and 00:00 GMT for the opening of the new session. While it's typical to apply pivot points to the chart using data from the previous day to provide support and resistance levels for the next day, it's also possible to use last week's data and make pivot points for next week. This would serve swing traders and, to a lesser extent, day traders. This info is all on free sites such as investopedia.com & Babypips.com Alternative Methods Another common variation of the five-point system is the inclusion of the opening price in the formula: And a method by Tom DeMark; Pivot points can be used in two ways. The first way is to determine the overall market trend. If the pivot point price is broken in an upward movement, then the market is bullish. If the price drops through the pivot point, then it's is bearish. Some people use pivot points in short term/scalp type strategies - One such method is the rejection; where as another is taking the break of; The Bottom Line Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis Pivot points are based on a simple calculation, and while they work for some traders, others may not find them useful. There is no assurance the price will stop at, reverse at, or even reach the levels created on the chart. Other times the price will move back and forth through a level. www.investopedia.com Here's another example of how they are used in one of our custom indicators - to help assess the current trend and various levels. 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.
Education
by Mayfair_Ventures
6
BTC USDT correlationHello traders, I think those two charts are useful when used alongside each other in correlation. It is logical that decline in BTC price leads to inflow in USDT and vice versa. So we could say (and the chart shows, that the correlation between the price BTC and market cap of USDT is inversely proportional). For further simple explanation there are some events marked on the chart: Red Flag - A gap in USDT inflow probably shows that institutions are selling before BTC price declines. It is actually only the third candle on USDT when the selloff of the bitcoin occurs. Blue flag - USDT cap fails to pick up momentum and start going down significantly while BTC surges. Orange flag - USDT market cap is flatting out, fails to go lower low and starts forming local higher lows. BTC is still pushing higher, but the trend is converting to the broad bull channel/Trading range as more and more bears are buying into the shorts and more and more bulls are taking profits. Purple flag - BTC - huge rising wedge formed and wedges tend to break to the lower side. Lower high also formed and after. 3rd higher low formed and money starts to flow into USDT. Green flag - wedge top in USDT, while wedge bottom in BTC. Reversal on both charts. At the moment USDT market cap is in sharp decline, which might signal that BTC will be going much higher
Education
by Sharkethics
23
What you may not realize...Over the last couple of months, I have posted several educational articles. This one is to show how some of the tools widely used in trading can actually fit together. I wrote a post a while ago about Dow Theory and how it fits into most modern technical analysis. Click on each link to get the in depth content from the posts When looking at a trend, cycle or major market move. The best place to start is from the biggest time frame available. This giving an overall bias for the overall trend, some people will refer to this as the monthly, super cycle, major trend. It basically means as large as you want. This can be based on your trading style, no point trying to obtain a bias on a minute chart. For me I like the bias based on monthly Elliott wave moves; Again click the image for the full post, at the bottom of this post in related ideas there is also basic level 2 Elliott. Once you have the bias we can work out exactly where we are, like one of those street maps in a city. We can use Fibonacci levels to drill down into potential areas of interest and targets for both the extensions and retracements. Here is another article posted recently as an intro to Fibonacci; Once you can identify potential areas of interest, you can drill down again into more advanced techniques such as Wyckoff. In Wyckoff terms - I wrote a couple of articles and recorded several streams on the logic for the BTC call at the top in the middle of February, before the "Rocket post in March" all based on the info mentioned above here. In this post, I covered the basics of Wyckoff and it's simple logic Before going into the types of schematics here below; The Wyckoff schematics is a little more advanced than the other techniques here, but when you know where you are in the cycle, they become a lot easier to identify. In the "related ideas" section I covered a chronology of education, covering other topics like buying the dips, MACD, Trendlines and Moving Averages. I hope this post gets you thinking about how it all fits and works together. 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.
BITSTAMP:ETHUSDEducation
by Mayfair_Ventures
10
The Best Way To Risk Let's consider two trading scenarios and learn how to use the R risk control system. The risk control system is the most important component of any strategy. A trader who takes risks irresponsibly has no right to expect a positive outcome in his long-term trading journey. The main principle of the approach is that the loss is always limited, but the profits are not. Considering in each trade, the stop loss is equal to 1R, in a profitable trade, one must get at least 2R. Scenario 1 (see graph) In the first scenario, a professional trader keeps track of the trades, controls risks and analyzes the results of the series. Scenario 2 (see graph) In the second scenario, the trader wants quick results, does not control position size, does not use stop orders, and trades on a whim. Risk R "R" - the amount of risk, a fixed amount in US dollars. In each trade, the stop loss is located at such a level from the entry point that the loss upon reaching it will not exceed the specified dollar amount. Example # 1 We have an entry point and a level where we want to place a stop loss Let's say the volume of trading capital is $1000 In each trade, we risk no more than 3% ($30 - for those that might say its too much - GO GET A JOB) of the capital Our R = $30 It follows that when the stop loss is reached, the loss will be no more than 1R ($30) Take profit should be positioned so that the risk to reward ratio is at least 1 to 2(since anything beyond 63% win rate is hardly sustainable in a long run). Accordingly, having learned the value of stop loss 1R, you need to multiply the figures by 2 and place a take profit by measuring from the entry point. Thus, when the price reaches our take profit, we will receive + 3R ($90) Example # 2 The risk per trade is $100 (1R = $100) Losing trade -1R (- $100) Profitable deal + 3R (+ $300) You make 110 trades, of which 75 are unprofitable, 35 are profitable 1R ($100) multiplied by 75 losing trades = - $7,500 3R ($300) multiplied by 35 profitable trades = + $10,500 Subtract the total loss from profit $10,500- $7,500 = $3,000 Series total: + $3,000 Example # 3 (crypto) You bought 100 coins at $1/coin and placed a stop loss at $0.95 per coin Your risk per trade R1 = ($5) Take profit is set at 1.15 per coin If you sell at the stop loss level, you will lose 1R = ($5) If you sell at the take profit level, you will earn 3R = ($15) Take all the "R" s in a given time, add them up and you have a pure "R" for your strategy. If the result is positive, then the strategy works, if negative, then you should think about replacing the strategy with a more effective one.
BITFINEX:BTCUSDEducation
by UnknownUnicorn7223713
A technique from 1202 - Really? images Who was Fibonacci? Fibonacci (1170 – c. 1240–50), also known as Leonardo Bonacci, Leonardo of Pisa, or Leonardo Bigollo Pisano was an Italian mathematician from the Republic of Pisa, considered to be "the most talented Western mathematician of the Middle Ages". Fibonacci popularized the Hindu–Arabic numeral system in the Western world primarily through his composition in 1202 of Liber Abaci (Book of Calculation). He also introduced Europe to the sequence of Fibonacci numbers, which he used as an example in Liber Abaci. You may have seen this? This is what’s called the Golden ratio. I am not looking to go into depth on Fibonacci use cases, spirals, fans, arcs, circles, wedges and channels. However, it was important to mention so you can go away and do your own research on Fibonacci beyond this “welcome to” post. Why is this useful for trading? The Fibonacci sequence is quite possibly the most used tool in trading stocks, Forex, Commodities and even crypto. In mathematics, the Fibonacci numbers, commonly denoted Fnuch that each number is the sum of the two preceding ones, starting from 0 and 1. However, you are probably more familiar with Fibonacci extension and retracement levels. It’s all based on the same logic. Fibonacci numbers appear unexpectedly often in mathematics, so much so that there is an entire journal dedicated to their study, the Fibonacci Quarterly. Applications of Fibonacci numbers include computer algorithms such as the Fibonacci search technique and the Fibonacci heap data structure, and graphs called Fibonacci cubes used for interconnecting parallel and distributed systems. They also appear in biological settings, such as branching in trees, the arrangement of leaves on a stem, the fruit sprouts of a pineapple, the flowering of an artichoke, an uncurling fern, and the arrangement of a pine cone's bracts. Just look at this image once more! So what? The fact that these numbers appear in nature, it has clearly been adopted in art and architecture – this is due to the human desire for pattern recognition. It’s built into our DNA, the fact that we as a collective want to identify such patterns, will in fact drive charts. I have written articles on Elliott Waves - which again is quite possibly one of the biggest use cases for Fibonacci, definitely an easy way to see the powers at work. Here’s a link to one such article; How to use Them? If you have been trading for some time you are most likely familiar with Fibonacci techniques, if you are new, here is some basic logic to get you started. As mentioned above there are several tools for Fibonacci, as a new trader I would suggest only looking at extensions and retracements to start you off. Retracement These levels often work well as support and resistance, you will find opportunities to enter on pullbacks (retracements) against the overall trend. Common levels here are 23.6%, 38.2%, 50% (although it’s not technically a real fib level, another topic for another time) then of course the 61.8% and the 78.6%. How to draw these on the chart – you are looking for 3 points let’s assume A,B & C. You are looking for A to be at the start of your trend. Often this will be a swing low or high. Let’s assume we are looking at an uptrend and we want to see the pullback. A would be placed here as above. The next step is to use the extension tool and click A and drag to point B as below; and the pullback level; Now we have a move A to B we can start to look for areas of interest, in this example we can see the pullback was to the 38.2% level. Some people are critical on the levels, for me I like it to tag the level and if it goes a little deeper then I still like it, if it doesn’t tag the level I would round it down to the lower level. Meaning if it fails at say 37.9% I would like to still think of it as only the 23,6% fib level. But there is no hard and fast rule on this. Now this gives me A and B with a 38% pullback for C. One way to trade using this could be a simple Buy at the break of B with a stop “Below” C Not telling you this is what you should do, it’s just one method some do use. Obviously, you could increase the stop and put it under A instead. Difference between Retracement and Extensions? The data you gather by assessing the pullback becomes valuable when looking for potential targets, so whilst we used 2 touch points (A & B) for getting the retracement level, the most accurate extension forecasting tool would be to use all 3 (A, B and C). Although it can also be done by using only A and B as well, It’s another one of those not so clear rules. Whilst the retracement tool gives us the pullback, the extension will give us some target areas. Let’s start with the simple (not my preferred) method; This is known as the extensions – 2 points (A, B) drag the curser from A to B and click and then back to A and click off. With this method you will notice in your back-testing those areas of interest will often be at the 61.8% of the A to B move. This means if A + B = 100, then the target would be around 161-2. Also, the 100% of the A-B move giving a target example of 200 and lastly the 1.618 level. Giving a target of 261-2 level. Again, no hard fast rule. This is just something seen over and over again. Expansion levels To start with go from A to B with the extension tool and pullback to C and click off. Assume you are using @TradingView Much like the Extension you will notice similar characteristics of the moves up (in this example of the uptrend) Something interesting I mentioned above this is a great tool to use alongside Elliott Waves, here’s an example of how this works and can fit into the charts. In this image above we use the same A point as a starting point, B becomes the 1 and 2 becomes the C. We can then work the Fibonacci extension & expansion levels to determine where 3 is likely to go. And then we can use the retracement for the pullback for (4) as well as new extensions for the projection of the 5th wave. A few months back, I wrote an article here on tradingview on the psychology on the charts, it’s worth highlighting that here. Click the link/image to view the article; Nothing is 100% certain, but using these methods will help give you a better understanding of waves and swings, logic for pullbacks and reason for extension levels. I hope this helps someone out here! 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.
FX:XAUUSDEducation
by Mayfair_Ventures
132
The greatest teacher, failure is.Why I add drawings to my TA - mostly as I have time and enjoy entertaining on serious topics. Brighten up the world of @TradingView for you guys. In the recent months since the Rocket call - (BTC Drop to 30k from 60k+) its been a slow steady burn on the weekly 3-4 move in terms of Elliott Wave. I have spent the time putting together some educational content as well as some of the defined logic for the drop itself, the moves down and of course the current situation. If you haven't been following the post, here are a few to help you along. 1) Elliott Roadmap (click the image for a link to the post) This is how it's playing out; 2) Wyckoff Distribution - during the move down, many people turned to "Wyckoff" as it was widely publicised by the media and the usual crypto GURU. The irony was, back in March they all had it as Re-Accumulation. (Click image for link to post) Taken this further and into stage 2 of the basics; (Click link) ------------------------------------------------------------------------------------------------------------------------------------------- 3) I have written on the topic of assessment of alt coins, crypto in general and buying the dips. (click on the links again for posts) - - - ------------------------------------------------------------------------------------------------------------------------------------------- 4) Streams; Myself or @Paul_Varcoe put out daily streams, Paul usually does the 10:30 AM (UK Time) and myself the 3:30 PM (UK Time) Recently we have been talking about the length of time, expectations and logic supporting the moves and dynamics. www.tradingview.com www.tradingview.com Paul's stream are done as a viewers request series, so go ask him what you want. If you dedicate the time to read through these articles above and watch the couple of streams posted here. It will all make sense, feel calm like Yoda. Enjoy your trading! 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.
COINBASE:BTCUSDEducation
by Mayfair_Ventures
23