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Algorithm Builer CRYPTO - XBTUSD - Review Oct 20th, 2019Hello traders I. Daily tutorial publishing challenge officially begins Starting today, I'll be publishing every night what were the setups given by the Algorithm Builder CRYPTO II. Why a 5-minutes chart? The indicator won't give more than 3/5 trades per day even. This is not a scalping trading method, it's intraday and based on smoothed indicators for entering in a strong trend only. Those are the most secure trades possible because: - the Algo Builder waits for a strong confirmation and will avoid the fakeouts - the 5 minute allows to enter very early. This point is crucial. We made it so that to enter early but with a minimum of security. III. Signal of the day 1. We had a first LONG position invalidated with a small loss. The signal was given against the leading trend (red background/green signal) and in front of multi timeframes resistances. I always wait for a pullback near the EMA 15/20 to be invalidated with a minimal loss. I made the trading method so that to be invalidated with a minimal loss 2. The second trade was fabulous !!! Signal given, in front of resistances so not easy but a pullback near the EMA 15/20 was mandatory. It even gave a better entry than the signal on the chart - allowing to enter 50 USD lower for that LONG. Those resistance lines are my take profits zones. Then, the Algorithm Builder CRYPTO users should take the first take-profit at the first resistance (here the daily SMA(7)) for a 150 USD move upwards. The second take-profit was at the second big resistance - namely the Daily SMA(20). I generally let a bit of money on the table from there, as the stop-loss is already trailed by the indicator automatically. I do it, in case, there would be another upwards move that I could catch, and for free. For free because, the stop-loss is already moved to the TP1 level at that point, and I can't lose anymore on that particular trade setup. Total trade distance: 261 USD All the best, Dave
BITMEX:BTCUSD.PEducation
by Daveatt
How to Trade: Manual Trading Vs Auto TradingSome time ago, I made the poll asking the audience from the social media the following question: "What type of trading do you prefer?" The options were: - Manual Trading - Auto Trading - Both Types To make everything clear, let me describe each type: Manual Trading - it is any trading when you open, manage, and close trades by yourself. You can trade using signals from your trading strategies, or you can use trading signals from other traders. What is very important for such type of trading? You need time, knowledge, and experience to do this job properly. Auto Trading - it is trading where you use trading robots or any copy trading services. You also get signals, but they come from other sources. The main difference from manual trading is - you don’t need to open, manage, and close trades by yourself. Everything works automatically. The vote results surprised me, and I decided to comment them and recommend the right type of trading based for different conditions. I will share with you the results of that poll in the updates, but before it, I offer you to take part in voting too. Please, pick the best option for you from the list. Write about your selection, why you prefer Manual, Auto or both types of trading. So, let's start! We have to think about the right choice of trading type from different points of view. We have to take into consideration your status, knowledge, and experience level, and what do you want to get from trading. STATUS If you have a full-time job, probably you won't be able to spend much time on trading. What should you do in such a situation? You can use high timeframes like 6H, the daily, and the weekly for searching trading opportunities, opening, managing, and closing trades. When you have a full-time job, you can trade based on your trading ideas or use trading recommendations from other traders and experts. For such type of trading, you need to have enough money, because high timeframes need wide stop-loss sizes. As a result, solid capital will be good for such type of trading, and it will allow staying in the borders of the proper risk and money management. If it is your case, manual trading can be a good choice for you! But what if you don't have solid capital? If so, you should trade on lower timeframes to get small risk per trade. You should use hourly and minutes charts for searching trading opportunities, opening, managing, and closing trades. But, you have a full-time job and... you have a conflict between your wishes and your opportunities. If you don't have time for trading based on lower timeframes, you should not even try. It will lead you to skipped trades and unpredictable results. But what to do in such case? Automative trading is the best choice. You can use trading robots or copy signals from signal providers. All trades will be opened, managed, and closed automatically on your account. So, using this service like auto trading will allow you to trade in the right timeframes without skipping signals. But what is more important, it will allow you to follow the proper risk management. KNOWLEDGE Let's look at trading from another point of view. You have knowledge about how to trade properly in the financial markets. If so, you also can try to use manual trading for making profit. Of course, if your status and financial situation allow you to do it. If you have the knowledge, but you don't have time or solid capital - in such way also welcome to auto trading. If we talk about you, like a novice trader without knowledge at all, you should forget about manual trading at least in the beginning. If you start trading, even if your status and financial situation allow you to do manual trading, without knowledge, you will have amazing chances to lose all your money. Trading without knowledge leads to zero on your trading account. It is just the question of time. If you want to protect your money, auto trading must be your choice. Here we also talk about different types of auto trading like trading robots and copy trading services. EXPERIENCE This point of view is close to the previous one. Knowledge and experience are the key elements of any profitable trading. If you want to be successful in the financial markets, you must have knowledge, experience, time, and enough money for manual trading. If you don't have at least one of these elements, it will be better to focus on auto trading. YOUR GOALS IN TRADING And here, let's look at the possible trading type based on your goals. If you want to become a PRO trader and develop yourself in this field, of course, you need to focus on manual trading. This type of trading will provide you good experience and understanding what is real trading. You can trade manually but not from the beginning. For starting, auto trading will be better. It will allow you to avoid stupid mistakes, protect money, and get experience. But when you get the basic knowledge and add experience from auto trading - you can switch to manual trading. If your goal is to get an additional income only, auto trading is the simple and proper way. You don't need to spend time on trading, but you can get profit from trading. Sounds great! Don't you think so? You can use trading robots as a possible option, but copy trading should become your best choice. For using robots, you need at least minimum knowledge of how to set up trading robots, how to install robots and settings. Copy trading will need from your side several clicks on buttons and nothing more. Copy trading is the simplest solution for trading in the financial markets for everyone. In this post, I tried to explain to you what type of trading will be more suitable for you. As you can see, you need to take into consideration at least several important things. The right choice will help you to make a stable profit and feel comfortable. At the same time, picking the wrong option will lead you to blow up your money. And one more thing I would like to add. Manual and auto trading have their advantages and disadvantages. They are not perfect, but they are both workable if you know how to use these types of trading properly. Manual trading can be more interesting because it allows following market conditions closer, of course, if you know how to do it. But auto trading allows you to cover many markets and timeframes at the same time. It means we have better diversification and lower risks. Auto trading allows you to trade in a FREE emotional way. It is a very solid argument for auto trading, because emotions, especially for novice traders, are the reasons for making mistakes. Mistakes in trading lead to blowing up capital. Also, I would like to advise you to use both types of trading. This option allows you to optimize your trading based on your opportunities and goals. Just combine in your trading portfolio manual trading based on signals from your trading strategies, with trading robots and signal providers. You will have an amazing opportunity to diversify your trading and reach much more stable results in the long run. At the same time, you will have opportunities to grow as a trader getting knowledge and experience from real trading. This combination is powerful and with many advantages! I hope this post gave you some ideas about what to do and how to trade. If you have questions, please, leave them in comments. Let's discuss! I will be grateful if you support this post by your likes!
BITFINEX:BTCUSDEducation
by DLavrov
9
The Right Goals in Trading Which You Must KnowAs I can see, tutorials are not so popular in TradingView if compare them with trading signals. But in spite of this fact, I want to keep sharing my ideas and experience about - How to trade properly in the financial markets. Of course, I can't teach you how to become successful in trading just write for you 10, 20, 30 such posts. Without your wish, you won't be able to become a good trader. Aslo, if you don't want to avoid mistakes reading my posts, it is only your choice. It is your money and how to use them depends on you. What I want - just to push you in the right direction. Show you the alternatives. And I hope for someone it will be the starting point of the proper trading. I will be grateful if you support my tutorials by your LIKEs and comments. It will keep my motivation to share my personal experience here. In my previous post, we talked about goals in trading in the format "Profitable Trading Vs Proper Trading". Get more details in the related ideas. Today, let's talk about goals in trading from another point of view. What is the main goal in trading? What is the 2nd goal in trading? What is the 3rd goal in trading? If I ask you these questions, what will you answer? If you are a novice trader, probably you will tell me that the main goal in trading is to make profit. As for other goals, there will be many different variants. It is logically, and of course, all traders want to use financial markets for making money. But don’t you think that this goal and more than 90% of losers can be related in trading? When you focus only on getting money, you forget or you don't have time to think about other, much more important things. How to protect your capital? How to manage your capital properly? How to trade? How to control emotions? Your main goal is - to make money, a lot of money. You want to become rich as soon as possible. You think only about how to reach this main goal. Become rich very quickly and without efforts. Such an approach can be a reason why many traders lose their money. From my experience, and believe I have a lot of examples, when a novice trader thinks only about profit, he or she is not far from blowing up the capital. As a result, we have more than 90% of failed traders. In order to avoid this situation, I suggest you to change the typical way of thinking. Stop focusing on profit. Start thinking about - how to protect your capital in every single trade. Focus on protecting your capital in the long run. What if you face with 10 wrong trades? What if you face with 20 or maybe 30 wrong trades in a raw? How will you protect your capital? Only after understanding how to do it and after becoming an expert in this field - you will have a chance to succeed. Trading is risky. There are no 100% reliable signals. It means that every trade you open can destroy your capital. That’s why risk and money management are so important in profitable trading. When you start using the right risk and money management strategies, the next step can be like - you need to think about profit. You need to focus on making small but stable profit. How to make 1USD, may be every day or every week? It does not matter. The main goal is to be in profit in the long run. With the right money management and with profitable trading, you will be able to increase the size of profit in the future. But for this period the size is not important. Yes, even 1USD every week, in the long run, must be much better for you than 100 000USD as one-time successful trade. After becoming profitable in the long run, you should think about how to get extra profit. Only after passing the previous steps you can search for very profitable trades, work with increased risk, interesting market conditions just in order to get more than your average profit. Such an approach will help you to manage your money not only properly but also effectively. But when you focus on super-profits from the beginning, you miss all the important steps and elements which must be in your trading. As a result, you do the best for becoming one of failed traders. My list of goals which I would like to recommend: The 1st Goal - Protect Your Capital The 2nd Goal - Make Small but Stable Profit The 3rd Goal - Think about Extra Profit Trading will be profitable for you with this approach. But you can test another one!
BITSTAMP:BTCUSDEducation
by DLavrov
37
Proper Trading Vs Profitable TradingIf I ask you what type of trading you would like to reach, I guess that the majority will pick the profitable trading as the main goal. And it will be not so good. Let’s think together why and discuss it in comments below this post. What does it mean profitable trading? It means that you trade for making money. It sounds like a good goal, of course, but for reaching it, you need to have knowledge and experience or a piece of luck. Novice traders don't want to spend time getting knowledge and experience. They want to start making money as soon as possible. That's why profitable trading as a goal is good for them. Yes, everyone can make a profit in trading. Even without knowledge, even without experience, even without trading plan and trading strategies. You need just a piece of luck for this. Everyone can make profitable trading. But what about making profit day by day, week by week, month by month and year by year? In this case, relying on luck is not a good idea at all. Just one day without luck can destroy all your profit and get all your money. Profitable trading as a goal is not so good if you don't have enough knowledge and experience and very risky without them. What about proper trading? Proper trading means you do the right steps in trading. It means you have the proven trading plan included tested trading strategies, the proper money management strategies. Your work is to follow your trading plan day by day. With such an approach, you will be able to avoid mistakes. You won’t need luck for making profit as your profit will depend only on your trading plan and how you will follow it. It is absolutely another picture, and you can expect stable and profitable trading in the long run - day by day, week by week, month by month. For this, you just need to do the right steps = follow your trading plan. That’s why when we talk about goals in trading, I would like to recommend set the right goals. Learn how to trade properly is one of them. Focus not on profit but focus on your trading. If you do the right steps, profit will come, and it will be stable income in the long run. If you rely on luck in trading, you will fail. It is just the question of time.
BITFINEX:BTCUSDEducation
by DLavrov
10
Xlm the second countcount 21 of 2 It's still in a regular ABC correction from the 1st wave & wave 3 is about to start. Trading in a nut shell = right about direction, but stopped out repeatedly from fear, bad ta, & over leveraged before the big move. Investors scale in and beat your a$$ Previous set up was beautiful but alt szn has not started yet and btc is still dragging them around from correlation. Lets get complex and learn! Ill update a thread with intra-day trade on my twitter in tv bio
Education
by ChaseWallace
Xrp/Btc Matters More, To Trade Xrp against any market.Comparing this chart Xrp/usd to Xrp/btc the Xrp/btc pair Xrp is retracing back to its all-time lows, so I will not be expecting and major surges on the Xrp/usd pair not unless there is a change in fundamentals and momentum on the Xrp/btc pair. Against the dollar (Usd) or tether (usdt) Xrp did hit its all-time high, according to my opinion we will have another ath, that is if the price of bitcoin will be above $20,000 and Xrp will be above 22048 satoshi against bitcoin. Xrp Entry points - $0.16 – 0.457 Xrp Exit point – exit when Xrp hits 16022-2204 8 satoshi against bitcoin.
Education
by cryptoiner
Ethereum buyers shouldn't worry and here is why!Cryptos have a habit of repeating some patterns over and over again. Ethereum is no different. I took a closer look to Ethereum's bull market and in particularly 3 fractals which all appear to share a similar candle action to ETH's price volatility from October 2018 to date. Initial price drop, high volatility (consolidation) with an obvious Resistance and then aggressive rise. The exception is Fractal B which consolidated longer (almost twice as long) making a re-test of the initial drop/ low (even slightly breaking) it, before it broke out. It did however increase much more than then other two (around +4,300% as opposed to Fractal A +1,800% and Fractal C +480%. Assuming that ETHUSD hit the bear cycle's bottom in December, we can expect it to start rising more aggressively on the short term. If I had to make a pick one Fractal of the three to fulfill this scenario that would be Fractal B as in duration it is much more similar to Bitcoin's expected consolidation phase. In that case we have roughly another 175 days of trading between the cycle's bottom ~80 and current Resistance ~ 185. Do you think ETH bulls need to worry? Hit me with your estimate in the comments section!!
POLONIEX:ETHUSDEducation
by TradingShot
16
The party is just around the corner on BTC and you are not late!Ok apart from the humorous title, what I want to make clear on this chart is that Bitcoin has entered the final stage before the lift off. Before every low is higher than the previous. Before the new bull cycle essentially begins. How that happens? Well for starters we can, with a high degree of certainty, say that the bottom is in (priced on December). The reason is clear on the chart particularly on the support offered by the parabola. So where are we now? Well BTC sits on a tight squeeze within the weekly MA50 (applying Resistance) and the MA200 (applying Support). In the previous cycle the final test of the MA200 signaled the start of the new uptrend. Why? Because the MA50 was crossed emphatically and became a support ever since until the new All Time High. So when these two conditions are met, I expect a non-stop rally to take place. I would consider the Halving also but I don't want to make the chart too complicated. After all trading Bitcoin has been and still is pretty simple because every cycle is fairly similar to the previous one and follows a specific set of rules. If you are an investor, wait for that long term buy, forget your investment for 2-3 years, come back and profit. If you are a trader, buy on every pull back during the bull market and sell on every rise during the bear market. Now why I say this? Because traders can wait for that pull back for the final test of the MA200 to reload longs, as I have been making quite clear on my last analyses (see below), while investors can feel pretty comfortable accumulating more coins on every pull back. Are you waiting for that magical moment too and start the party??? Let me know in the comments section!!
BITSTAMP:BTCUSDEducation
by TradingShot
43
Bitcoin Next All Time High, Nov 2021 (?)Todays education is proudly brought to you by BestThingSinceSlicedSatoshi, the FREE and very profitable Buy and Sell indicator. Add it to your favorites at the link below. Analysis based on my ACCURATE buy and sell indicator on the Bitcoin Monthly chart, Heikin Ashi candles. My script (Blue line) = Buy when it crosses zero from beneath, sell when it crosses zero from above. Looking at the blue line, we see the last bottom in 2015. In Jan 2019, we hit the same value (approx) - could that be bottom ? Maybe. If it is, and price action is a mirror reflection of what it was from 2015, then we can expect to see the next ATH Nov 2021. Between now and then, ACCUMULATE. Disclaimer: This is not investment advice. Feel free to not believe a thing and do your own homework. Sincerely, BestThingSinceSlicedSatoshi. Pity they don't make Satoshi bread anymore.
BITFINEX:BTCUSDEducation
by patakopesa
3
Whales buying back !! (3 weeks of big buy volume alert)Hello everyone and welcome to this simple yet important Technical Analysis of total crypto market cap based on volume and price action. What we have visualized here is strong resistance (red line) pushing us down since BITCOIN COINBASE:BTCUSD was approx. 20K USD and CRYPTOCAP:TOTAL total market cap at 7xx billions. The reason why I´m watching this analysis is the BUY VOLUME in the market cap range similliar to now (Green squares) At previous range the buy volume was far less then the actual one and we had now 3 weeks of constat buy volume (Yellow square) on weekly chart. This is making me more comfortable to keep buying according to related idea. The white square visualize here a FOMO when retailers jumped in based on mass media shill & got burned bad. ____________________________________________________ In related ideas you can see TA called: Bitcoin is bottom in ? Where further informations can be found. (This reversal based on bullish divergence was spot on) & I personally think it was best time to start buying Have a question ? Feel free to ask. Do you like this idea ? Likes/Follow/Sharing is highly appriciated Wish you all great gains and nice day Cheers
CRYPTOCAP:TOTALEducation
by Anoinvest
20
The Secrets to Successful TradingSecret #1: Stick to ONE strategy. Find a strategy that makes sense to you and stick to it and it alone like a faithful wife and master it. This is probably the single greatest secret in all of trading. Master ONE strategy. There are no “systems” only strategies that work if you master them. If you jump around from one to another you will never master anything and be forever locked in the sucker's dream of “the system” or the “Holy Grail” of trading. The truth is, all strategies work for the ones using them if they will learn to master them. Secret #2: YOU are the main secret in trading. You are the greatest secret in trading. You have been gifted with the fastest computer known to man at your birth and you have the ability to learn, adapt and modify everything you see and come into contact with. The way you “see” things is very different than the way other's “see” things. If you can master “you” and your emotions about trading (talked about in another of the “secrets), you WILL become successful. And that leads us to secret #3. Secret #3: Simpler is better. Simpler is always better. The more complex a strategy is, the harder to learn it will be and the easier it will be to make mistakes that will shake your confidence, slow you down and cost you, possibly, years in mastering trading. Anyone who says differently probably has a “system” to sell you. Secret #4: Accept the “numbers game” view of it. Mastering trading is not hard. It's just an issue of accepting the “numbers game” of it all. All things have a “probability” ratio or a “numbers game” that creates the success of the effort. Whether it's sports, industry, sales or trading, there is a “numbers game” behind it all. The more you can find an “edge” something you can exploit, the faster you will become will become consistent at your effort and that consistency leads to success. Secret #5: Master yourself, master your trading. Your own emotions are the only real “enemy” in all of trading. Brokers who manipulate price feeds cannot defeat you. Market makers who charge large spreads cannot defeat you. The news cannot defeat you. Changing markets cannot defeat you. Greed is extremely deceptive. It's not wanting to have large accounts, it's not wanting to be wealthy. In trading, greed is none of the normal things you are taught it is. In trading, it's wanting to get that next point when the strategy says your done. It's wanting 30 points when the strategy's rules say 15 is enough. It's wanting to swing for the fences on every single trade. Greed is not being willing to take it slow and allow it to grow. It's not allowing compounding to work and wanting to have it “now.” Fear will kill your trading and add years to your effort of being successful. The rules of any strategy are designed to take the emotions out of your trading. Allowing yourself to “second guess” the rules is fear. Not taking a trade instantly on the signal is fear. Exiting a trade before the rules call for is fear. Anything that keeps you from following your rules is fear and it short circuits all of your efforts and all of your training and adds years to your trading and robs you of success. You must eliminate it from your trading. Revenge will destroy you as well. You are not the target of any great conspiracy and the market couldn't care less about your trade or your position. The brokers may want you to be a victim, but trading out of a desire for revenge will skew your thought and twist what you “see” on the charts. It will defeat you as will greed and fear. Arrogance will destroy you just as fast as either of these others. Trading from the perspective of any emotion will kill your trading. Arrogance will do it just as fast as greed, fear or revenge. You are NOT mistake proof. Even IF you believe you have mastered a strategy, any strategy you will still make mistakes. Arrogance will lead you to even bigger mistakes, then to revenge to try to make up for it, then to greed to try to get “just a little more” so you can earn back what you lost. Complacency threatens to bite you after a few good trades. Suddenly you feel bulletproof, and the next thing you know you've made lazy mistakes, abandoned the rules that got you in those good trades, and you're handing back the money you earned. Each trade has nothing to do with the one before and needs just as much attention, caution and care. Secret #6: There are no makeup trades. Trade each trade and each session as if it were the only one. Yesterday is gone and does not deserve to be remembered in trading. The only thing that exists in successful, consistent trading is the trade you are about to place. Make it the best on possible and forget the past so your emotions don't have a place to take hold on you. Secret #7: Persistence and attitude will overcome everything. If you believe you can do this, you can. If you do not believe that, quit now. Nothing can stop or defeat you but you. That is true of everything in life, not just trading. It does however apply specifically to trading. Never ever listen to anyone who says you can't trade. Secret #8: If it's not boring, you are NOT trading correctly. People love excitement and things that are interesting. SOLID trading is exceptionally boring. One of the hardest battles you will fight is to just trade and not try to “fix it” or “improve it.” or worse, get impatient and “wing it”. Secret #9: Some days you just have bad days! Every single athlete of any sport in any age has faced the “gremlins” of a bad day when for no apparent reason, someone whose skill and physical prowess are not even close simply trashes them. There are no reasons, to rationales, no analysis that can stop it. It will happen, but you can limit it! Trading is no different. This is the reason for rules. They are to supersede your mind, instincts, emotions and all of your efforts to overcome it, which runs counter to everything we have ever been taught in life. STOP! Walk away when you start violating ANY rules, ESPECIALLY the 6 winning trades and STOP or the THREE LOSS and STOP rules! If you're ever, ever, tempted to not set stop losses as you're sure the market's going your way, STOP TRADING AND WALK AWAY. If you have positions that are open without stops, close them immediately, even at a loss, and shutdown your computer. If you keep trading you will undo days, weeks of hard work in one session. LEARN to limit your arrogance and pride of how good you have become, or how good your strategy is. LEARN to limit your losses! Follow the RULES!
Education
by TheFalconTraderOfficial
Tortuga V.3 Update showcase - 2hr Timeframe with Mock PortfolioHey everyone, this is the Tortuga indicator being showcased on the 2hr timeframe, 20 signals back, along with a mock portfolio. The backtest on profits showed a 14% gain on a trading stack and a 3.5% gain on overall equity. For leverage, the profits increased dramatically. I will be better showcasing this in other videos, I just had to pee the whole time so if I am all over the place - my bad. The Tortuga indicator is for sale, message me directly if you are interested. It has been backtested to be 75% successful in previous versions, for V.3 - it is 79% successful. Profits increase on larger timeframes. Thank you for watching, James
BITFINEX:BTCUSDEducation
by TheYeet
Xrp on its way down, prepare yourselves to buy.From the diagram above (Xrp/Btc chart) xrp’s all time high was at 22048 sat and all time low at 454 sat. Before getting into any Xrp trade I prefer taking an analysis of Xrp/btc pair. Using a larger time frame you are able to have a clearer insight of what is likely to happen on Xrp price against all other markets since bitcoin is the dominant cryptocurrency and against bitcoin the dominant market. Xrp's entry point should be at its all-time low 454 - 2465 satoshi Entry Xrp’s exit point should be at its all-time high at 16022-22048 satoshi This zones are points which has been touched twice so far. As a trader with a lot of patience you should make it your habit to enter and exit the markets at points which you have identified as your entry points. It is also necessary to pay attention to other major support and resistance zones. For example from the chart above at 3718 -7129 satoshi. Against the dollar (usd) or tether (usdt) xrp might reach new aths but against btc it will be very difficult to break its aths.
Education
by cryptoiner
"BULL FLAG"Hello! I start my EDUCATION Lessons with a "Bull Flag" chart pattern! A flag pattern is a trend continuation pattern, appropriately named after it’s visual similarity to a flag on a flagpole. A “flag” is composed of an explosive strong price move that forms the flagpole, followed by an orderly and diagonally symmetrical pullback, which forms the flag. When the trendline resistance on the flag breaks, it triggers the next leg of the trend move and the stock proceeds ahead. What separates the flag from a typical breakout or breakdown is the pole formation representing almost a vertical and parabolic initial price move. Flag patterns can be bullish or bearish . This pattern starts with a strong almost vertical price spike that takes the short-sellers completely off-guard as they cover in a frenzy as more buyers come in off the fence (Flagpole). Eventually, the price peaks and forms an orderly pullback where the highs and lows are literally parallel to each other, forming a tilted rectangle . Upper and lower trendlines are plotted to reflect the parallel diagonal nature. The breakout forms when the upper resistance trend line breaks again as prices surge back towards the high of the formation and explode through to trigger another breakout and uptrend move. The sharper the spike on the flagpole, the more powerful the bull flag can be. Additionally, this consolidation will retrace a small portion of the previous uptrend. If the retracement becomes deeper than 50%, it may not be a flag pattern . Ideally, we’ll see the retracement be less than 38%. Since this is a continuation pattern, we look for prices to break higher with a length equal to the size of the flagpole. The tighter the flag - the more powerful it is! Don't forget to SHARE this, hit the LIKE and the FOLLOW button if you feel this topic deserves it! That's the best way to support me and help to push this analysis to other users. Best regards!
Education
by VaidoVeek
7
A Or B For Bitcoin ? + The Best Strategy To Trade Bitcoin What's up guys so this is a new analysis and educational update on the only true crypto king, Bitcoin. So we have a strong support at 7.8/7.9k and we could bounce on it and go retest the 200 sma around 9k or continue to drop thru this support as you can see on the chart with scenarios A and B. If the market decides to break that support and go with B, I think BTC could drop around 7.1k where I see good supports again. Bitcoin will maybe finally crack that 6k base one day but I expect a strong bounce back to the previous support before it happens. Remember that supports often become resistances... And Bitcoin is an asset that particularly respect very well this kind of pattern. This is why I think under 7.8k is a good buy for a swing trade on Bitcoin. A lot of people say that Bitcoin is so weak right now and as an investor they're maybe right. But when you look at the BTC chart as a trader, this statement is so far from reality. I mean go take a look at this chart again... Look at all those bounces that BTC gave us. I mean if you wait for a good drop to buy you will always have a strong bounce to sell at profit. Just wait for those long big drops of BTC and continue to buy as Bitcoin is falling. Never put all your money at once. Buy a little at X price and buy a little bit bigger when it continues to fall so your break even sell will fall with Bitcoin... However guys, practice with virtual money before trying this strategy. Cause even if it's easy to me, I know some inexperienced traders can struggle a bit at the beginning and I really don't want you to lose money. Be wise on markets, never try to time the market, find a good strategy and stick to it and starts with small amounts ! Cause markets can be brutal. Alright hope this helped you guys ! Stay tuned for more updates, Fred
BITFINEX:BTCUSDEducation
by FrederickDupont