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Using institutional orderblocks to trade APEUSDTI marked out Order Blocks to determine a range for where APE is likely to be trading at, keep in mind... Markets are fractal Price is above the 4H Value Line, which means that we are biased towards long trades, we make value lines on a smaller timeframe (5 minute timeframe in this case) and wait for price to go below those value lines, we buy when the RSI is oversold while the price is below the recent 5 minute value line Value lines are centers of the latest contraction zone (lower high followed by a higher low; or higher low followed by a lower high) I also use my Trend Probability Indicator and see that BTC is bullish on the 1D timeframe, which means there is more potential upside for the crypto market in the mid-term; this is important if we want to build a larger position for the mid-term (if you don't want to be an intraday trader!) This trade is 2.24 Risk to Reward, I risk 2% of my capital on this trade Not financial advice, I am just sharing what I AM DOING !
Long
by IkkeOmar
Trend Probability Indicator and Modern Portfolio TheoryWhen it comes to being a safe swing-trader, you need to be able to catch a trend and detect when the momentum of the strength is weakning. An understanding of macroeconomics is also important to understand mid-long term catalysts that can affect the price of what you are interested in trading! Let's take a recent case: INDEX:BTCUSD Note, the TPI can have values between -1 and 1. When the TPI is between -0.2 and 0.2 the probability of the trend is concidered to be neutral / flat. At the close of the daily candle on the 9th of january closed with a TPI value of 0.6 (previous day was roughly 0.3). Even though the market structure is bearish, we know that the mid-term trend is super bullish, so we enter first on BTC and ETH. Why do we add ETH into the mix? Simple, because of correlation and beta. This is the Pearson Correlation Coefficient | from cryptowat.ch This is an important tool for me, because it tells me how correlated the alts are to BTC and ETH, this means I know if they lag behind BTC or follow it's trend in a timely manner. This allows me to go to the next step; calculating beta: Beta is defined by a scalar on how much an asset is going to move compared to benchmark asset (we use BTC as our benchmark) I'll save the beta calculations for another post But I end up with a few coins that are lagging behind BTC and some that follow it When the strong trend for BTC starts, I allocate towards BTC, ETH, AVAX, Aptos and Audius ETH, AVAX, APT and AUDIO has a high correlation to BTC when it comes to how they follow the direction of BTC, however they have a higher beta, which means their returns are scalled by a factor that is higher than 1 (they become bigger) We enter a swing position on all these coins and wait for the TPI to show weakness in the upwards trend of BTC Let's see how that went: The 7th of febuary, we have closed a lot of the trades, we have more capital available, we now look towards the lower correlated coins as some of them likely haven't pumped yet. I will make a seperate post in the future on how I use data to make a list of these coins, an example case is IRIS Iris has a rather low correlation to BTC (0.32) this doesn't mean IRIS doesn't follow BTC, it just lags behind quite a bit, this means: If we see a retracement in BTC but still see strength to the upside in the TPI or the Based Algo (developed by efremolo), we can buy coins like IRIS until we see additional weakness in BTC! On the 28th of febuary we saw the TPI show further weakness in the upwards trend for BTC: This is a perfect test case of how I would use the TPI to maximize my returns in a bullish market. Vice versa in bear markets, you run the same model, but reversed, however this limits you to coins that are on futures exchanges, which would need you to put money into exchanges. In very uncertain times I recommend you keep costody of your funds; "not your keys, not your coins". If this is how you think, you can use decentralized protocols such as aave and borrow against a coin to short it yourself. Before I finish this post, I want to give you a brief summary on what my TPI is saying now, and how I'll be moving 1: Market Structure is still bullish 2: TPI on the 1D (mid-long term) is above 0.64, which is super bullish 3: BTC will still be outperforming alts, unless the fed pumps more liquidity into the market It may be controversial, but I don't think the current banking issue is nearly as bad as it was in 2008, with the amount of inflation since then, its fair to assume that the effects of those bank runs, aren't as major as it would have been back then! Because of the higher probability of BTC outperforming the alt market, most of my holdings is in BTC for now:
INDEX:BTCUSDLong
by IkkeOmar
Bitcoin short-term update - BTC back at ATH 2017🚨Bitcoin short-term update (a) BTC back at ATH 2017 but quite oversold👀 (b) next bearish target at $19,450 - $19,280🐻 (c) next bullish target at $21,000🐂 Don't panic Crypto Nation😎 We are at FIB 50% from all gains since 2022 Low🚨 Let me know your thoughts in the comments🤗 ⬇️⬇️⬇️ Likes and Follow for updates appreciated🤗 Disclaimer: Not financial advice Do your own research before investing The content shared is for educational purposes only and is my personal opinion
COINBASE:BTCUSD
by Crypto4Everybody
4
BICOUSD Don't be fooled. No bullish break out yet.BICOUSD/ Biconomy is having a strong day but as the price got rejected on Fibonacci 0.618, don't commit into buying long term. The pattern looks a lot like the June-August when a Fibonacci 0.5 rejection caused a drop and test of the lower Support level. The current rejection targets 0.27000. If the price closes above the 0.5500 High, we will get the bullish break out validation and target 0.7675 (Resistance A). Follow us, like the idea and leave a comment below!!
CRYPTO:BICOUSD
by TheCryptagon
1
BTCUSD Targeting the next Resistance level at 32500BTCUSD has broken over the August Resistance after finding Support on the MA200 (1d) and the Rising Support. Gap filling in process and Resistance (1) is next at 32500. Trading Plan: 1. Buy on the current market price. Targets: 1. 32500 (Resistance 1). Tips: 1. The RSI (1d) rebounded after it hit the oversold (30.00) level for the first time since November 9th. This shows that there is still momentum and strength on the current bullish wave before it gets exhausted. Please like, follow and comment!!
INDEX:BTCUSDLong
by TradingBrokersView
1
BTC | Time to Dollar Cost Average | LONGBitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009. Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.” Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use.
Long
by DivergenceSeeker
1