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BTC: Market Cycle Psychology - Where Are We on the Timeline?Bitcoin is currently at crossroads for the adjusted market cycle psychology theory. As we were not able to secure 12K, it seems like the bears have taken control for the short term; however, Bitcoin is argued by many that we may be on to new highs. Keeping in mind with our incredible recovery from the COVID19 crash, is this merely a bull trap? We have seen a 200%+ return within a short amount of time and we are not too sure if this trend will continue. If Bitcoin is able to keep this recovery rate going, we will need an incredible amount of volume and power not only from large institutions, but the general public on a global scale - but we aren't seeing any evidence for that when we pull up the Google Trends keyword, "Bitcoin." We continuously see smaller bull and bear cycles within on our timeline, which can be a good or bad thing. With that being said, our continued advice for all traders is to wait for the clear break down or breakout to the upside. For all we know, we may be increasingly on a sideways cycle which may suggest further evidence for the lengthening market cycle theory. We would love to know your thoughts in the comments below! Trade Safe. X Force.
BITSTAMP:BTCUSDEducation
by XForceGlobal
8
The Only Trading Strategy You Will Ever Need - How to Trade!Here is a clear representation of the X Force trading strategy that requires only one thing from every trader out there: discipline. Now, the most important question that new traders entering the market is, "when should I buy?" If you look at Bitcoin, or even the NASDAQ, Dow Jones Industrial Average, you will note that all of these charts have one thing in common when looked on the monthly time frame: it's a never ending BULL market. As a human, we all have emotions attached to the market which in return creates the whole market psychology of trading - this is why we as humans love trying to maximize what we have in our pockets by trying to trade the small swings from day to day. With that being said, we have simplified trading into the most simplified, easy strategy that even the most advanced traders can take note of this. The market cycle is simply divided into three phases: 1. Bull market - In the bull market, you want to of course be in a position if you are considering spot buying. We never recommend leveraged to a rookie trader. 2. Neutral (consolidation) - This is considered an accumulation phase where buyers and sellers will try to establish common grounds for price, most notably at previous resistance turned support. 3. Bear market - The most unruly of all and is emotionally factored in most, if not all trades. A bear trend is usually followed by a blowoff top after a bull market. A lot of external factors and catalysts such as a global recession or strong driven news will take into play for a bull market. While Bitcoin is now about to retest certain levels of resistance, it's important that this may be a time to buy if you are a swing trader, and enter upon another breakout in preparation for a new bull market cycle. In the case of a failed break, this can just be another continuation of the consolidation phase we have mentioned and drawn above in our charts. Trade Safe. X Force.
BITSTAMP:BTCUSDEducation
by XForceGlobal
Bitcoin (BTC) vs. US Dollar Index (DXY) - BTC Drop Incoming?X Force provides quality content provided by experienced traders who would like to make charting more simple for the general public. If you love our content, please make sure to give us a 'like', we would highly appreciate it! The US Dollar and Bitcoin price correlation is almost sinisterly close to each other when we count the bull and bear runs from the years 2017-2018. Bitcoin and the US dollar has been almost playing opposite of each other, where if one rises higher, the other goes lower, and vice versa when we see opposite price action occurring simultaneously. We have drawn a clear map of what we have observed from those years and why the US dollar might be potentially seeing a bounce from current levels (or slightly lower) and also see a retrace for Bitcoin. In addition, this can be a rather healthy thing for Bitcoin to do once we see the retrace occur because we still have a void at 9.7K for the CME Gap. There are a few things to consider when we look at Bitcoin's price action. For example, one of the most important visual observations we can make at the time of writing is that Bitcoin is heavily diverted away from the US dollar price. We are seeing a massive drop in the US dollar possibly due to many geopolitical factors such as the presidential elections, COVID 19, and many more issues. As the US dollar is heavily sensitive to price action since it is a global currency, Bitcoin has more or less remained as a store of value asset for many - and profit taking is always going to take place at crucial levels. Another factor that we have to keep in mind on why we might see Bitcoin retrace from current or slightly higher levels, is that the US dollar has always historically been great at respecting major support levels. Technical reasoning behind the above chart: 1. From the years 2017-2018, we have seen Bitcoin rise parabolically, and the US dollar to drop. 2. From the years 2018-2020, we have seen Bitcoin do small cycles of bear and bull runs, while the US dollar remained a steady rise (this can be known as the consolidation phase). 3. The COVID19 crash has essentially made the US dollar rise incredibly fast, while the Bitcoin's price dropped massively. 4. The current bull run on Bitcoin is now making the US dollar value go down. What we can speculate: Bitcoin may be very close to seeing a retrace due to the US dollar dropping rapidly fast. We would assume that since the US dollar index has been respecting minor and major support levels, we would assume that Bitcoin's price would also retrace as the US dollar rises temporarily. We also believe that in conjunction with our previous theory on CME Gaps, we believe BTC has one more opportunity to fill the void at 9.7K, where the CME gap still remains unfilled. Here is a previous editor's choice post that we have done on CME gaps, and why we think the CME gap might fill:
TVC:DXYEducation
by XForceGlobal
14
Bitcoin: Two Possible Scenarios Simplified (How To Trade)X Force provides quality content provided by experienced traders who would like to make charting more simple for the general public. If you love our content, please make sure to give us a 'like', we would highly appreciate it. Bitcoin is currently painting two different possible scenarios and we would like to break down both the bullish and bearish case via easy technical patterns that everyone can understand. Bullish Ascending Triangle: - Bullish ascending triangle usually means Bitcoin might be in a continuation pattern and continue a measured move up to newer highs. - The pattern completes itself when price breaks out of the triangle in the direction of the overall trend. - This pattern indicates that buyers are more aggressive than sellers as price continues to make higher lows. - A breakout and retest of the upper trend line is considered a BUY signal by bulls. Bearish Rising (Parallel) Channel: - An upward Price channel pattern occurs when the price makes a series of lower lows followed by a series of lower highs. Typically the price should be contained inside the lines that connect these highs and lows. - This is usually considered a consolidation phase and pressure will be put on top of the channel by sellers, and buyers on the lower. - A Rising Parallel Channel usually leads to a breakdown, which is considered the SELL signal. Trade Safe. X Force.
BITSTAMP:BTCUSDEducation
by XForceGlobal
Bitcoin: Understanding CME Gaps - A Full Perspective and GuideX Force Global Analysis: If you find our analysis to be helpful, make sure to support us by dropping a ‘like’ ------ In this analysis, we take a look at Bitcoin's rather peculiar tendency to fill CME gaps. What are CME gaps, and why do they occur? First of all, Bitcoin does not trade 24/7 on one specific market, which is the CME market. This means that at a certain point in the day, the market closes and trading stops altogether - just like in traditional stock markets. When looking at these CME gaps, an investor might conclude that they will be filled quickly within the next few days. And based on this reason alone, many traders will take a long or short position based on the gaps produced. If a gap is produced while price is moving up rapidly, a trader might conclude on taking a short position with the notion that the gap will eventually fill. While this is fundamentally true and a good trade setup because gaps have traditionally filled 100% of the time via Bitcoin's history, it can be still dangerous if the trader does not know how to execute the trade properly, especially if the trader is in a leveraged position. A basic understanding of major trend shifts, then taking CME gaps into the trader's strategy is a recipe for success. From a technical stand point, when a gap appears within the charts, it removes the immediate support or resistance and creates the tendency for most traders to notice this, which may be the reason why the new tradition of 'gap filling' has been a part of Bitcoin's price action since the introduction of the CME market. Either way, if price action moves further away from the gap, the higher probability of a stronger drop/pump will be, which may or may be bad for both bulls and bears. For our viewers sake, we have done the calculations to show 2019's high to current price on how long it has taken to fill. The average has been 63 days. Will Bitcoin's CME gap be filled before we reach new highs? Or will we see the gap fill, then run towards new highs? We leave that up to you. How to trade CME Gaps? Trading CME Gaps can be very tricky, especially if you take a position too early. As we have stated earlier, all of Bitcoin's CME gaps have been filled 100% of the time. This current gap we are seeing may be no different. It's a matter of WHEN, not IF. With that being said, the best possible way to trade this is to understand basic support and resistances. We are currently facing strong resistance at 12K, and if broken, we face the possibility of a longer wait time for the gap to be filled. This can be a good or bad thing: Good: BTC will be breaking major legacy resistances, and show sign of growth in the immediate future. Bad: BTC will be further deviated away from the current CME gap below major psychological resistance at 10K, and may further put bulls in disparity once the gap does fill. Bitcoin has retested major trend support technically twice, and it may desirable to retest it a third time before we can show true strength in BTC's trend. This can mean a longer accumulation phase and an possible impulse waves that will make Bitcoin's drop more severe based on our CME gap theory. Trade Safe. X Force.
BITSTAMP:BTCUSDEducation
by XForceGlobal
42
BITCOIN EMOTIONS STRUCTURE — $100 000 per btc +644% Potential!!!Hey! Reading market emotions could be pain in ass ¯\_( 👁️ ͜ 👁️)_/¯ But what you can do about it? M arkets always flow in ups and downs, every minute emotions change so the market following well known sequence of emotions: ... Optimism — Believe — Excitement — Thrill — Euphoria — Complacency — Denial — Fear — Desperation — Panic — Capitulation — Anger — Depression — Hope — Relief ... This emotions sequence happen on all timeframes, you can find it every day and on every market/assets. Moreover this emotions people feel over and over during day and regular business and activities. I find 3 tips how to see market emotion stage: 1. Be Cold Mind — Check Twice 2. Take a Guess, but Control Risks 3. Watch Your Mood — Ask Opinions These steps can improve overall market feeling, but you have to train intuition and spend time on markets to find it's patterns. This require experience, so spend time to learn and try different things. Do not rush "all-in" if you are newbie, small is big in the trading. Peace and have good profits. Stay tuned to Artem Crypto. P.S. Bitcoin next stop could be near 100K, not joking. remember this chart? Good luck :)
BITSTAMP:BTCUSDEducation
by ArShevelev
22
Cracking symmetry on 5 minute chart Trading View would not allow me to make this chart public on 5 minute chart therefore I've shown it on 15 minute chart. Follow instructions below to reconstruct it on 5 minute chart. See the symmetry in this random signal generator (created on 5 min chart) NOT ADVICE DYOR. Needs all Signal & MACD from 0< to >0 to (sources: high; close; low) & vice versa to span bullish (dark green)or all bearish (dark red) in Histogram, NOT ADVICE. DYOR.
BITFINEX:BTCUSDEducation
by UnknownUnicorn2181194
Bitcoin comfort - S&P Historic Closing Week using MACDFor range construction see below. NOT ADVICE. DYOR. FOR BITCOIN: Posted 3rd July Weekly close outside of this range. What are odds of a trap CONSTRUCTION Created signal with two MACD's. One the default and the other customized. Start range when one MACD crosses to positive and close range when the next to cross to positive is the other MACD , and vice versa. Colored ranges represent different combinations of pairs. CAVEAT- small sample size. NOT ADVICE. DYOR. Have superimposed MACD's over SPX chart. Follow direction when weekly close breaks out of range. No whipsaw/trap so far. CAVEAT - small sample size. NOT ADVICE. DYOR. FOR S&P: Posted 24th July To the rescue: S&P 500 - 5th Historic Closing Week since 1871 Check out stat. SPX needs all Signal & MACD from 0< to >0 to (sources: high; close; low)span more than 6 WKS NOT ADVICE. DYOR.
BITFINEX:BTCUSDEducation
by UnknownUnicorn2181194
Crypto Untapped Educational Series EP. 2: Drawing S/R LevelsIn today's episode, we review support and resistance as levels. We explain why price action moves the way it does via buyers and sellers and how to enter/exit based off liquidity in the markets. Enjoy! DISCLAIMER: Investing into cryptocurrency comes with inherent risk including technical risk, human error, platform failure and more. Invest at your own risk. None of our content is to be construed as financial advice, we are a cryptocurrency education platform.
COINBASE:BTCUSDEducation
by cryptountappedyct
Rounded Top and BottomI am back with my new idea On chart pattern. Today, we will discuss about rounded Top and Bottom. So Let's talk about rounded Top & Bottom . First of all i Made chart , You can see on screen. This is > (+) Rounded Top : & (+) Rounded Bottom : The rounded bottom formation forms when the market gradually yet steadily shifts from a bearish to bullish outlook while in the case of a rounded top, from bullish to bearish. we can easily check signal of buy and sell. The Rounded Top formation consists of a gradual change in trend from up to down. The Rounded Bottom formation consists of a gradual change in trend from down to up. This formation is the exact opposite of a Rounded Top Formation. The rounded bottom formation forms when the market gradually yet steadily shifts from a bearish to bullish outlook while in the case of a rounded top, from bullish to bearish. The Rounded Top formation consists of a gradual change in trend from up to down. The Rounded Bottom formation consists of a gradual change in trend from down to up. This formation is the exact opposite of a Rounded Top Formation. Thanks you for your valueable time...
BITSTAMP:BTCUSDEducation
by Trade-Technique
60
EW Analysis: BTC Is Losing Dominance, But Only TemporarilyHello traders and investors! Today we will talk about Bitcoin Dominance and its wave structure from Elliott Wave perspective. We will also show you how it can be useful in analyzing XXX/BTC cross pairs with the help of EW. If we take a look on BTC.D daily chart, we can see a sideways consolidation for almost a year which usually suggests a corrective movement, especially if we see a three-wave w-x-y drop in the first leg »a«. Well, we believe that BTC.D is unfolding a bigger bullish triangle pattern and current decline can be just as part of wave (c)/«c« that can find support very soon, ideally in the projected support zone around 64-63 area. Be humble and trade smart! If you like what we do, then please like and share! Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
CRYPTOCAP:BTC.DEducation
by ew-forecast
4
Kyber Network (KNC USDT) - Breakdown of Recent Trades I recently took two discretionary positions on KNC/USDT. In this analysis I've documented my thought process and execution sequentially from left to right in the call outs. In these trades I used several methods of analysis. 1. Chart Patterns My first trade entry was predicated upon a Rectangle Top Pattern I identified KNC forming. Rectangle Tops occur during bullish up trends and when the overall market is bullish, as altcoins currently are, they have a high probability of breaking to the upside. 2. Trend Analysis Fundamental to my trading strategy is trading in the direction of the overall trend. Trading against the dominant trend is like stepping over dollars to pick up pennies. Using the Daily and 4HR time frame, I identified that KNC was above my Base Line indicator, therefore confirming a bullish trend and that I should be trading to the long side. 3. Target Measurement For my initial trade I used Bulkowski's measurement method for Rectangle Tops, measuring the difference from Resistance to Support and adding that to Resistance. This proved to be successful, however my first trade ended up running quite a bit beyond my target. For this reason I used my primary method of profit taking, 50/50. I take 50% of my profit at a pre-determined level and allow the rest of my position to run to take advantage of powerful trends. 4. Indicator Support Utilizing my ICYSbot indicator and strategy to help supplement entry and exit conditions. 5. Patience and Risk Management I used a position sizing strategy where a pre-determined percentage of my account is at risk should my trade hit the stop loss. In this case, I personally used 2% risk per trade. I also did not rush these trades, I let price evolve and the trend emerge as it did. I attached no personal bias or feelings toward the trade. Overall, quite happy with these trades. I hope this post was helpful in providing insight into how I view the markets and trade execution. Thank you for your support. Trade safely!
Education
by CrackingCryptocurrency