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The Most Recommended Timeframes to Trade On (Top Down Analysis)Hello traders. Here I would like to take my take on the best timeframes (personally) that I use to trade on. This can apply to all tradable assets - especially for cryptocurrencies. Weekly Timeframe (1W): Usually one-week traders are known as longterm traders. Usually they are good at analyzing the market from a longer perspective and will usually have a portfolio that is heavily catered towards fundamentals, rather than technicals. They will hold trades from lasting from a week up to even months - and possibly up to years. The advantages to a weekly trader will be that you don't have to always watch the trade; however, it will take longer to realize profits - and that's okay by them. Many new traders tend to avoid this approach because it means longer periods of time before trades are realized. However, by many accounts, trading with a shorter-term (day trading) approach can be far more problematic to execute successfully, and it often takes traders considerably longer to develop their strategy. One-day Timeframe (1D): These are also known as swing traders. These traders hold positions from days, up to weeks. The advantages for swing traders is that they are usually more geared towards longer term profits and is comfortable with holding a trade overnight. After the trend has been determined on the weekly chart (lower highs and lower lows, for example), traders can look to enter positions on the weekly chart in a variety of ways. Many traders look to utilize price action for determining the overall trend, but indicators can absolutely be utilized here as well. 1H - 4H Timeframes (1H, 4H): These traders are usually known as 'hybrid' intra-day, day, and even swing traders. These two timeframes are usually the best to use indicators as the provide quick data and more data to help learn the process of the larger scale timeframes. These two timeframes are the epitome of creating the larger picture. These traders usually understands the concept of how markets open and closes from a day-to-day perspective. They understand the exposures of 'fake-out' signals. These traders will usually realize profits or losses quickly. After a trader has gained comfort on the longer-term chart, they can then look to move slightly shorter in their approach and desired holding times. This can introduce more variability into the trader’s approach, so risk and money management should be addressed before moving down to shorter time frames. The best time frame to trade an asset will vary depending on the trading strategy you employ to meet your specific goals. The diagram above shows the time frames used by different traders for trend identification and trade entries. This is a part of my risk management series, so if you are interested in checking out my other posts, please check below!
BITSTAMP:BTCUSDEducation
by XForceGlobal
21
ridethepig | BTC Market Commentary 2020.11.21Lets start by measuring the enthusiasm, the radius of the attack by looking at the previous diagram and understand why $21,000 is key for unlocking the next chapter: All is clear...Buyers have the control, there is very little to prevent the test of fresh all time highs, meaning we need to keep an eye on the impulsive extension target at $34,820; this game is very one sided. Not only should we still be holding our longs, dear reader, but laugh and continue to add more! So, let us stick to the plan, manage the risk appropriately, watch-out for any Power Grid 'attacks' that can provide well-timed dips providing buying opportunities, we have more than enough ingredients in the pot! Back to business as usual here with a fresh round of map updates coming over the next few sessions... Thanks as usual for keeping the feedback coming 👍 or 👎...
COINBASE:BTCUSDLong
by ridethepig
2
BTC: 2018-Present - Global Interest Comparison (Google Trends)Hello Traders. Since TradingView does not offer the values of key interest data in terms of specific values for Google Trends (the amount of people interested in Bitcoin?), I have decided to create the graph myself via the data pulled from Google's keyword trends for the search term, "Bitcoin". A small disclaimer: this graph is not drawn to perfect scale. It is to show the extremities of the different values shown within the timeline to show the past and current data of interest within the Google trends - which can be an alternative view of how the general public is really interested or not. Furthermore, this is a continuation of my risk management series, so I hope you take this post light heartedly and try to understand this post from a pure observational perspective and use this research to your trading advantage. In the above diagram, we are seeing a timeline of the actual interest via the search interest for the keyword, "Bitcoin" in a timespan period of five years. The point of this graph is to show an alternative view of how much interest the general public may have. As we can see, we are seeing a possible case of almost no interest within the cryptocurrency space due to possible low interests. The data suggested is showing a possible evidence that either: 1. We may set to blast through new ATHs (all time highs) due to this being a possible lagging indicator, or, 2. We may never see the same amount of interest in the near future and have a possible crash in the near future. Case number two is a high possible case for me, as well, personally; however, number one is also a highly valid and sound case. In the case of number two, we can truly dissect the real meaning of how much public interest we had back when Bitcoin hit new highs. Everyone was in Bitcoin! But looking at the current data, we must ask ourselves, "who is really invested into Bitcoin?" - Is the public interest still there? Is everyone on the sidelines? That question is only answered possibly by time. We cannot predict the future, but we can learn from our past mistakes since this post is to give an alternative view to possibly help any future traders to not make the same mistake we did in 2018. In terms of risk management, we can see that Bitcoin is currently creeping its way to our previous 2017-2018 high; however, many are now begging the question, "Is this the time to sell?" - or, "Is it time to buy?" I hope this chart shines light onto all investors and traders. The data is embedded, but how we can interpret is very tricky. If you are interested in more of my risk management posts, please check the posts below! Trade Safe. X Force
BITSTAMP:BTCUSD
by XForceGlobal
59
btceur one more week of chances to sell before parabolic crush Similar to March there will be a one week window to sell before the parabolic crush will start, that will be worse than in March. In March it was just a psychological crush - fear from uncertainties... Now there the real effects of lockdowns with millions of bankruptcies worlfwde will be visible. As well -no vacin till end of the year -new lock downs -oil war of Saudis with Russia -NoDeal Beexit -US election
Short
by viparmenia
13
Complete Guide to Bitcoin Dominance & Alt Season CyclesHello traders. Here I will be showing a simple diagram of the whole Bitcoin dominance effect towards Bitcoin and Alt coins. The diagram is extremely simplified so that anyone can refer to this chart in the future. Many people have a hard time when an alt season starts; however, understanding the few simple rules of Bitcoin dominance can help you know whether you are in a bull market or not! In the above diagram, I am showing the complete relationship between BTC Dominance (BTC.D), Bitcoin's price, and Altcoin's price. You can refer to the chart above and use it to your advantage on positioning, timing, and risk management without the whole FOMO ordeal. So, what is Bitcoin Dominance (BTC.D)? Bitcoin dominance is the percentage that measures Bitcoin’s share of the WHOLE cryptocurrency market capitalization measured in percentages. It is not a 100% perfect metric to use, but it helps to analyze the macro-market since many people like to refer to it - so it becomes a self-fulfilling prophecy, and a self-fulfilling prophecy is what usually happens if everyone starts to use it. We can observe the total capital (money) flowing between alts and BTC with this chart and make some conclusions about the market’s current state. The chart above is showing that in most cases you’ll want to be in Bitcoin when Bitcoin Dominance is in an uptrend, and then be in alts when the Bitcoin Dominance is in a downtrend. We are witnessing that right now. When BTC and BTC.D rises, we psychologically assume that we want to be in Bitcoin, which then leads to a decrease in the alt coin market. For those who are interested in more risk management strategies, please look at the links below! Trade Safe! X Force
BITSTAMP:BTCUSDEducation
by XForceGlobal
110
Why Many Continue to "Miss the Train" - Trading 101Hello Traders. Thank you so much for the overwhelming support on the last post - we reached over 1200 likes - a new record and the best post of the month on Tradingview. Here I would like to go over why we all continue to fail buying the dips time after time from a market psychology perspective. This is a big problem for many of the traders, and we are all guilty of it. Let's take a moment to discuss all of the phases as shown in the chart above. 1. Your initial signal is here but you don't take it - because you are waiting for a second confirmation, 2. You wait for a retracement so you can enter into a trade, but doesn't happen, 3. Retracement comes along at the top, but you are thinking that you have already missed the big move, 4. You long at the breakout high, then the market dumps to support, and you think that the top is already in, so you sell, 5. Then it consolidates, then pumps. Price continues up and you start panicking that your approach was wrong. You are now either positionless or have waited too long after a 300% rally. The most important part of this approach is that you must have an idea of how Bitcoin has behaved over the past years. I have made an extremely detailed plan on where we are on the timeline - which may help with many investor's buying decision: In this post above, I show that Bitcoin is currently trading in a new bull run. Retracements occur, and it's important to position yourself within the correct timeline. As you can see, with the right indicators, we can position ourself even if we feel that we "missed the train" - as long as you know and can accept we are in a new bull run. Another important aspect is understanding the concepts of accumulation. Accumulations may either lead to a dump or pump, but if you follow the correct overall trend, we can easily see that we were accumulating for the upside. It's all about positioning! This is a part of my risk management series so please make sure to look at all of the related posts for risk management. Trade Safe. X Force
BITSTAMP:BTCUSDEducation
by XForceGlobal
22
Why You Should Never 'HODL' Your Positions Up To A Certain PointHello Traders. Here I give a friendly reminder to all beginners and advanced traders that holding (hodl'ing) your position is not ideal up to a certain point. The math of percentages shows that as losses get larger (compound interest), the return necessary to recover to break-even increases at a much faster rate. A loss of 10 percent necessitates an 11 percent gain to recover - and that is where it goes all downhill. Increase that loss to 20 percent and it takes a 25 percent gain to get back to break-even. A 50 percent loss requires a 100 percent gain to recover and an 80 percent loss necessitates 400 percent in gains to get back to where the investment value started. Investors who get hit by a bear market need to be aware that it will take a while to recover, but the math of compounding returns will help the cause. Consider a bear market with a 30 percent drop in value, down to 70 percent of what the stock portfolio was worth. A 10 percent gain returns the portfolio to 77 percent. The next 10 percent recovers to 84.7 percent. Two more 10 percent gain years put the portfolio back to 102.5 percent of the value before the drop. So a 30 percent drop necessitates a 42 percent recovery, but 10 percent a year compounded for four years puts the account back into profitable territory. I will be doing a second part to this post on the idea of "DOLLAR COST AVERAGING" (DCA). What the math of stock market losses shows best is that investors need to protect themselves against big losses as shown in the diagram above. Mental or limit based stop-loss orders to sell stocks or cryptocurrencies are there for a reason. When a certain loss level is reached, it will pay off big if the market is moving into bear market territory. Investors sometimes have trouble selling stock they like at a loss, but they will like the stock or cryptocurrency if it can be bought back at a lower price. If you are interested in how to create the perfect trading plan, please see my previous post here: Trade Safe. X Force
BITSTAMP:BTCUSDEducation
by XForceGlobal
260
BTC: When and How Will Bitcoin Dump? NVT Suggests Warning SignalHello Traders. After yesterday's mildly successful pump, we were again met with a strong rejection off of the prior double top - now creating a triple top. What does this mean? Well, it can mean a lot of things, but let's leave all of the technical analysis behind and find one other way to find the tops in terms of price action. I would like to introduce to you the 'NVT' Indicator (Network Value Transaction Value). This indicator is particularly interesting to me due to the fact that it has either called for consolidation, or, retracement within the timeline. One thing for sure is, if it does consolidate, we can see that it eventually leads to a retracement. What is the NVT Signal? Predicting bubbles in any sort of market is not easy whatsoever, but, with more data indicators rising on the horizon, we can start pulling data in all sorts of ways to find the 'relative tops'. Now, I chose this NVT indicator due it's relative simplicity in visualization, but complex calculations of the market. But for the sake of the post, I will only show it from a visual perspective to show how it works instead of going into all of the calculations. The NVT indicator (also known as the NVT ratio) became popular after Bitcoin printed the All-Time High last December 2017. There was no prior data nor any way to predict the bottom of the Bitcoin market due to it's price discovery to the general public; however, one indicator that was able to predict the 'relative top' was the NVT - which existed back then. Standard NVT Ratio is simply the Network Valuation divided by the Transaction Value flowing through the blockchain and then smoothed using a moving average (MA). As we can see, the past few years has also shown that the NVT indicator was proven extremely useful. What we can pull from this data is that although this indicator proves usefulness in calling tops, we can also now use this as some form warning signal when the NVT goes into the yellow territory on the oscillator. To break it down, we are seeing two types of indications: 1. We can be in some form of 'consolidation' phase, 2. We can be in some form of 'retracement' (dump) phase. This alone, proves that this indicator is more than enough to use as a trading indicator, considering all factors of the market. These are not the only ways to trade the NVT indicator. I’m sure a seasoned trader could come up with some additional ways to trade it and decipher the indicator in a better way. Trade Safe. X Force IF you like my posts, please hit the like button and follow! Thank you.
BITSTAMP:BTCUSD
by XForceGlobal
12
Long term view - Bitcoin forming massive triangle. Liftoff 2023.Bitcoin is currently printing a massive triangle formation... you need to see the forest, not just the trees. Bitcoin will keep consolidating until breakout. I know it's not what you want to hear, as it's still some time away, but long term weekly chart shows that this should occur mid-2023 and in the meantime you should be able to consistently scalp for the next 2 years. Buy on lows, sell on peaks, and make sure you're holding your coins by 2023 for liftoff of the new bullcycle. I welcome all rebuttal and comments of any kind.
BITSTAMP:BTCUSDLong
by diego-d
Bitcoin's Two Year Forecast - "When Should I Buy Bitcoin?"As Biden suggested, "It is a time for healing." - I believe it is absolutely true for a time of healing in all aspects of the world, including Bitcoin. What is the Stock to flow? (about this indicator) As suggested by the creator of this indicator, 'PlanB' : " SF = stock / flow . Stock is the size of the existing stockpiles or reserve. Flow is the yearly production." In simple terms: Stock = How many Bitcoins are currently in circulation Flow = How many Bitcoins are created each year ---------- Here I would like to explain the observations based on my own - these are the FIVE main phases of price action: 1. Price Halving Event 2. Price Discovery Phase 3. Price Continuity 4. Price Explosion / Blowoff Top 5. Price Maturity Without getting too much into the mathematical details and formulas on how this indicator was created, this is a perfect indicator, in my opinion, to show the overall observation of where Bitcoin stands from a visualized perspective, where it shows that Bitcoin can withstand anything in any certain period of time. The first and foremost, Bitcoin has not only have we survived the harshest conditions of the market for 2020 (and 2018 alike), Bitcoin's fundamentals are getting incredibly stronger by the day; furthermore, Bitcoin is now collectively seen as a form of investment tool and regarded by many as one of the best returning assets of the decade. I believe the next decade is yet to offer more when the fundamentals of Bitcoin is much clearer and clears up the issue of scalability and overall issues with price maturity. The most important aspect of this chart is to find where you can start investing Bitcoin . This answers the million dollar question of, "When can I buy Bitcoin?" The answer is NOW, according to this indicator. Why and based on what evidence? First, history is not indicative of the present price action, however, it does certainly rhyme with it. We can note that with each consecutive rise, it was usually after the halving events of Bitcoin . As we are now approaching into 2021, we are now putting our first step into the uncharted territory of new price discovery . Despite the heightened level of volatility in the market, I believe it's important to emphasize that long term investors are unlikely to be fazed by the recent drop - especially after the 2020 events. The current short-term holder activity is reminiscent of previous bull trends, and if we are able to survive 2020, how can we not survive 2021-2022. As such, if BTC recovers strongly from the recent drop, the chances of a rally continuation could increase. What will you do? We hope that you are able to be disciplined this time and learn from the past mistakes of every year, and it is increasingly showing that we are well on our way to new uncharted territories of ATH .
BITSTAMP:BTCUSDEducation
by XForceGlobal
15
BTC: Alternative Bearish Case DOES Exist! - DOJI TutorialHere, we would like to discuss the bearish scenario. My job is to make sure that everyone has an understanding of both sides of the spectrum when looking at the market. In this analysis, we will be looking at the higher 1D timeframe, as it is now showing strong resistance - we have now reached a key milestone resistance at $16,000. This is now the make or break moment for bulls to break this key area. This won't come with ease - that is why I mentioned it is important to be level minded when the market is euphoric. As a disclaimer, this is merely a pattern and not indicating price targets. This is purely an educational post. We are also seeing an "EXTREME GREED" on the crypto fear and greed index, which may indicate a strong sell signal for many bears. Remember, this index never existed prior to the 2018 crash. The more the market has access to these types of information, the smarter the market becomes. This is why an instant ride to 20K may not come as quickly as we may think. It's important to be a contrarian here! Technicals: The long legged doji pattern is an extremely classic pattern that can be traded wisely if done correctly. We can see the pattern form when the wick on both ends of the body is large - this is indicative of two equally strong forces but in opposition to each other. It thus reflects indecision - that is it. When a long legged doji forms during strong downtrends or uptrends, it means that there is a move towards equilibrium between supply and demand . In such a scenario, there are strong indications of the trend reversing. For instance, when the long legged doji candle appears during a bullish trend , there might be a reversal. The buying pressure grows stronger initially but soon, there is fear of a reversal of trend, and traders start selling positions, which leads to a drop in price. There sia tug of war between two pressures, ie, buying and selling, and eventually the closing price gets pushed back to the level of the opening price. For my bullish post, please check out the short term BULLISH analysis!
BITSTAMP:BTCUSDShort
by XForceGlobal
14
BTC: How to Trade Bull Flag Pattern Right Now | Flag TutorialBull Flag : A bull flag forms in bullish trending markets - and we may be entering one of the biggest bull markets after 2018. After a strong bullish movement when this pattern forms. it signals the market that the price is likely to move higher via continuation patterns. A continuation pattern is a measured move (please see the chart above on the left). How to identify and Trade Bull Flags : It is quite easy to identify a bull flag - actually probably one of the most simplest of all patterns to trade as long as you know which market you are in. A bear flag is vice versa and works in bear markets, but since we are in a bull market by general public sentiment - we will revisit this pattern soon. you just need to look for a Bullish Vertical Rally or Trend which is Pole of the Flag then identify the consolidation which will look like either horizontal channel or downward channel which will be the Flag. After identifying the pattern you can enter at the bottom of the flag or you can enter when price breaks out of the upper trendline of the flag which is more safe (safer). The breakout may also be a possible FAKEOUT which is why we will take help of Volume and RSI Indicator to confirm the breakout - but again, we are focusing only on the pattern. An invalidation is also shown above in the chart. ( *Key things to know : If the retracement of the measured Flag Pole retraces more than 50% of the pattern, it becomes weak and it may not be a Flag Pattern but sometimes it stays valid if it breakouts above the uppertrend of the flag.) Stay Tuned for More! 👍 Like this tutorial & share your comment below!
BITSTAMP:BTCUSDLong
by XForceGlobal
7