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Cryptotrading

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
Can Technical Analysis Be Used In Crypto? I Say Yes!Dear friends! I’m going to start a new serie of posts where I would like to show you how different technical tools work in crypto markets. The main reason for this is: some of you think that the crypto markets are unique and the standard tools of Technical Analysis don’t work properly. Based on my experience I would like to say that any tools which are used for making analysis in traditional markets can also be used for cryptomarkets. Knowledge in Technical Analysis allows to make stable profit in the long run in all financial markets. The same goes about crypto markets. I will show you support and resistance lines, levels, chart patterns, candlestick patterns and the main indicators. And you will see possible signals which you could get. One thing I should note for you. I’m going to use Bitcoin and the top altcoins markets for the examples. Any shitcoins are not interesting because they have very low capitalization and they can be manipulated very easily. Before we get the first examples, let me remind you what is TA and the main ideas. You will see why it is cool! Here are some definitions and principles from Wikipedia. I wouldn’t be able to say it any better: Technical Analysis (TA) - what is it? It is an analysis methodology for forecasting the direction of prices through the study of past market data, primarily price and volume. Technicians employ many methods, tools and techniques. Technicians using charts search for archetypal price chart patterns, look for forms such as lines of support, resistance, channels. Technical analysts also widely use market indicators of many sorts, some of which are mathematical transformations of price, often including up and down volume, advance/decline data and other inputs. These indicators are used to help assess whether an asset is trending, and if it is, the probability of its direction and of continuation. A core principle of Technical Analysis is that a market's price reflects all relevant information impacting that market. A technical analyst therefore looks at the history of a security or commodity's trading pattern rather than external drivers such as economic, fundamental and news events. It is believed that price action tends to repeat itself due to the collective, patterned behavior of investors. Technical Analysis focuses on identifiable price trends and conditions. Principles of TA: - market action discounts everything Based on the premise that all relevant information is already reflected by prices, technical analysts believe it is important to understand what investors think of that information, known and perceived. - prices move in trends Technical analysts believe that prices trend directionally, i.e., up, down, or sideways (flat) or some combination. The basic definition of a price trend was originally put forward by Dow theory. - history tends to repeat itself Technical analysts believe that investors collectively repeat the behavior of the investors that preceded them. To a technician, the emotions in the market may be irrational, but they exist. Because investor behavior repeats itself so often, technicians believe that recognizable (and predictable) price patterns will develop on a chart. Recognition of these patterns can allow the technician to select trades that have a higher probability of success. Technical Analysis is a really powerful tool for making money. You have to learn it if you want to trade properly and get profit in long run. So, the next post will be about signals from support and resistance levels. Please, note: I will not give you the theory of what is support and resistance levels, how to draw them properly. I will show you how they work with crypto. You should learn the theory by yourself in order to understand what I will be talking about.
Education
by DLavrov
29
Trading system for Binary Options 70-80% positive trades Hi Friends ! I decided to show how my strategy works . Quite well shows the turning point of the price . This is a strategy for Binary Options . Perfect for those who are not much in a hurry and loves to trade on scalping (Strategy as simple and reliable) The strategy consists of two main scripts and one auxiliary that allows you to use the free version of T. V You can work on most currency pairs and on different T. f, but the settings are more adapted For t. f M5 Support and resistance levels are drawn and updated automatically, which is very convenient for beginners . If you strictly follow the recommendations and work within this strategy, the percentage of positive transactions is about 80 % .That allows you not to use "martingale" and stay in the black with minimal risk. But if you still like the martingale it is usually enough 3 rarely 4 steps. ( I advise you to use martingale only after two months of practice on this strategy ) Below are screenshots with more detailed recommendations . How to choose the right entry point. How to act with a false signal As an example screenshots with statistics for 30.05.18 on EUR-USD Timeframe 5M. If you are interested in this strategy to gain access to all three of the necessary script, please contact me in private messages ! ( comments rarely looking better to write in private messages )
Education
by Andreev_Mikhail
1
This is Why Beginner Traders Lose Their Capital – 4.OveractivityDear friends, it’s been a long time since I posted a lesson for beginners, please excuse me, I have been overactive with my projects. Thank you for reading my previous educational posts. I was glad to see in the comments that you have learned something that will hopefully help you take better decisions in your trades. Remember that when you like and leave a comment, you give me feedback about these lessons. Today, I would like to talk to you about another mistake I see a lot of beginners do: being overactive – or trading too much. Overtrading? Maybe that is a word. This idea again comes from the messages I get. The types of messages that inspired today’s topic are in one of the forms: “What do you think about SHTCN3/BTC (unkown coin) – I saw a breakout”, “On the 15m chart ETH dropped 5dollars, should I sell?”, “I just closed a trade for BTC, when should I buy again?”. How to know if you are overactive about trades? Well there are many signs which say that you are using your time unwisely in trading. Usually it comes because of a combination of fear of missing out and a rush to be rich. - You are watching the charts all the time and are always on high alert. Also, you perhaps sit on small timeframes trying to catch all price movements or you generally try to catch all price movements out of FOMO regardless of timeframes. - You are under the impression that the values of the different coins will take off without you and you missed a new train / bitcoin and your opportunity to get rich fast without putting in the effort others have to put to get there. - You are in a rush to make / recover some money. - You are under the impression that you always need to be in a trade because otherwise the opportunity will pass by you. - You force the interpretation of different indicators (which maybe you don’t fully understand yet) to find trading opportunities when they are not there. Like in the past days, things have been flat, yet I see people ask me about opportunities that simply are not there. - And of course, you follow all the top authors because they do the thinking for you and all you need to do is follow them. (spoiler: you need to also do your own research!) Why is this bad and what mistakes does overactivity lead to? I can be, of course, wrong (but chances are I am not), but by being overactive in trading, especially in the beginning, you will set yourself up for frequent misjudgments and mistakes. Trading all the opportunities you think appeared, you are bound to make errors. Many quick decisions – many mistakes. Although there can be exceptions, 1 in a few thousands, and everyone thinks about themselves that they are the greatest and smartest human that was ever born, I can tell you that I really believe you should place the odds in your favor, not leave it to chance. You leave things to chance when you are not confident on why you are entering a trade. But wait, mistakes are good sometimes, mistakes make you learn. Problem is that if you make a lot of mistakes frequently in the beginning, you don’t have time to take a step back, study the mistake, and learn from it. What happens instead is, you make some errors, you lose some money, you have no idea what’s the best course of action and you gamble on the next decision, lose more money, and so on. Now you have a ton of pressure on yourself and you need to recover it fast. This just keeps getting deeper and deeper until everything becomes 100% a gamble.
Education
by DLavrov
172
Top 7 magic Crypto Indicators: #1 Stochastik RSIDear Cryptuminati, Many beginners wonder which indicators to use. That's why I started this series with the 7 best indicators. It is not just any indicators, but those that are best suited for crypto trading. #1 Stochastic RSI (StochRSI) This is the king of all crypto indicators. When I trade stocks or indices, I use the normal stochastic. For Bitcoin and Co. I have gained MUCH MORE positive experiences with StochRSI! Many traders use Stochastik RSI, which makes it all the more effective. At Binance, it is one of the few standard indicators. It is often discussed in Facebook groups. I don't want to bore you with the mathematical calculation. In my opinion, it does not matter. Let's get in with the most important facts: - The range above 80 and below 20 is relevant for traders. - In these areas, the probability of a turnaround is relatively high. In the chart you see two short situations. Entry has always taken place at the turnaround. The price target is in the lower turning range. The result? In the first case, the trade was a complete success. The second trade threw a loss. These two examples already show that you should not use StochRSI alone. In the long run, you will lose money with the StochRSI. That's why you should bet on several charting aids. These indicators provide effective support: - Two EMAs or SMAs (watch out for crossing) - Supertrend (conversion is important) - Bollinger Bands (breakthroughs at the top or bottom band) - Trend, support and resistance lines Many traders focus on entry. This is relatively easy with StochRSI. You should eliminate potential false signals with another indicator. I consider the exit to be much more important! The moving average (MA) 100, for example, can be considered as a price target. In the event of a trend reversal, it represents an interesting price target. As an intermediate stage one you could take a smaller MA. Alternatively, trend lines are available. It is also possible to exit via the volume. Here you can see in which candle there was an increased volume last. If this is exceeded, you sell in the next candle. These are just a few examples. Conclusion Never trade alone according to StochRSI! Always use additional charting techniques. Stochastic RSI is a powerful tool at all time levels, but it is not an all-round weapon. The crossovers are in the foreground. But there is no certainty that a trend reversal will actually take place. The Eye of the Cryptuminati has spoken. +++++ Did you like the article? Follow me if you like my work and you want me to go on. I post updates on my trades and analyses several times a week! Thank you very much! Risk note: Everything is possible, nothing is necessary. All information is not a buy or sell recommendation.
BITFINEX:BTCUSDEducation
by Cryptuminati
8
Cycle Analaysis on BitcoinStill room and time for another new high in this 60-day Cycle. But looking at volume on recent peak i would be skeptical. Alt-coins seem to also be exhausted. Chart Numbers correspond to: 1. End of prior Cycle - Capitulation Volume. 2. 10 days into new Cycle, realization phase, massive buy volume and short-covering. 3. Strong buy volume to "logical" top, smart money exits. 4. Low volume top, smart money not buying. 5. Likely to see more selling and covering of leverage longs. 6. Like #1, capitulation selling volume.
BITFINEX:BTCUSDEducation
by BobLoukas
8
The "Scalping Pro" strategy Shows the price reversal point BTCHi Friends ! I decided to show how my strategy works on large timeframes and crypto-pairs . Quite well shows the turning point of the price, you can make both short and long transactions . The strategy consists of three indicators. ""Scalping Pro 1,2,3" can be run on the free version of the site . below are screenshots with more detailed recommendations . Entry point. false signal as to act. Anyone interested in my strategies, write me a private message, I will tell you how to get a strategy " Scalping Pro" I also conduct training and advice on trading .
BITFINEX:BTCUSDEducation
by Andreev_Mikhail
4
HOW TO TRADE ETHEREUMEthereum Trading Strategy All we need for this trading strategy is two technical indicators: The MACD – This is a momentum indicator that can help us spot a trend. The MFI or the Money Flow Index an overlooked but critical technical indicator that measures the money flow into or out of a cryptocurrency. The MACD is one of the most common indicators used by traders around the world in a variety of different markets to spot trades before they happen. The MFI indicator is based on price action and it incorporates Volume in its calculation, which is quite similar to other oscillators. In other words, we can use the MFI indicator to measure buying and selling pressure. We can use the MFI indicator to trigger entries and to take profits. The easiest way to interpret the MFI indicator is that a reading above the 50 level represents an inflow of money into the cryptocurrency, while a reading below the 50 level represents an outflow of funds from the cryptocurrency. The other critical MFI thresholds are 20 and 80. An MFI reading of 20 is considered bullish and oversold while a reading above the 80 level is considered bearish and overbought. Step #1: Wait until the Money Flow Index drop below the 20 level The first rule is that you always want to wait for the Money Flow Index to be in oversold territory. In other words, we need to have an MFI reading below the 20 level. An extreme MFI reading below 20 suggests that there is very heavy money outflow from Ethereum. As history has repeatedly shown, this information can be used as a contrarian indicator. The MFI indicator is not a standalone indicator. There are plenty of good cryptocurrencies that have high MFI reading, and most bad ones have low MFI reading. So, in order to use the MFI indicator, we need to check it against other technical indicators which are the reason why we also use the MACD indicator. Step #2: Wait for MACD histogram to break above the zero level The second rule is to wait for the MACD histogram to turn positive. This is a confirmation that the bullish momentum is starting to build up. Now, we have two rules in place, but these are still not enough to trigger an entry. Indicator-based strategies are very unpredictable which is the reason why we’ve added another confirmation signal before to enter and buy Ethereum. Now, we’re going to lay down a straightforward entry technique for Ethereum trading system. Step #3: After MACD turned positive, Buy after MFI also breaks above the 50 level. As an extra measure of caution, we also like to wait for the MFI indicator to break above the 50 level before to buy Ethereum. A reading above the 50 level represents an inflow of money into Ethereum which is the moment when smart money is stepping into the market. We want to trade alongside smart money to really make a profit trading the cryptocurrency market. Step #4: Place Protective Stop Loss below the Previous Swing low In order to minimize our potential loss we want to place our protective stop loss very close to the market price but at the same time at a price where it should really invalidate our trade signal. For the Ethereum strategy, the ideal place to hide the stop loss is just below previous swing low. You can always add a buffer to protect yourself in case of a false breakout. Step #5: Take Profits when the MFI enters Overbought territory or above the 80 level When it comes to our Ethereum take profit trading strategy we want to cash some profits at the first sign that the market is about to turn against us. Otherwise, we risk given back some of our hard earned gains. The first indication that the market is about to turn is when the Money Flow Index enters into overbought territory. In other words, when the MFI breaks above 80 levels, we take profits. Use the same rules for a SELL trade – but in reverse. Ethereum has fundamental advantages that hopefully will help Ethereum price suppress Bitcoin in the coming years.
BITFINEX:ETHUSDEducation
by Tradingstrategyguides
Long Lower Shadow CandlestickMeaning If the candle is bullish (white or green), the price dips down quite low following the interval’s opening due to the bears’ influence. However, the bulls gain control and push the price back up again, so the interval closes above where it began. If the candle is bearish (black or red), the bears take the reins and force the price downward. After they’ve done all they can, they experience a pushback. The bulls take over and propel the price back up so the interval’s close is relatively far above the overall low. The Long Lower Shadow candlestick is typically considered to be a bullish signal, but it is quite weak in this capacity. In addition, when the market is oversold or at support, the Long Lower Shadow candlestick tends to be more significant. _____ Although the Long Lower Shadow candlestick doesn’t have a lot to say on its own, it should still be included in the larger conversation. When you spot it, look for surrounding candlestick patterns of which it may be a part. Good luck! *DISCLAIMER*: I am not a financial advisor nor am I giving financial advice. I am sharing my biased opinion based on speculation. You should not take my opinion as financial advice. You should always do your research before making any investment. You should also understand the risks of investing. This is all speculative based investing.
BEducation
by TheWolfOfBinance
BTC to under 7kI won't ever say I'm an expert in Elliot Wave but this is my take. We are still in an abc correction and the second impulse wave heading down to the completion of the abc correction wave. Which should bring us down to around 7k before it completes. Now I know plenty of experts are saying otherwise and I respect that, we all see things differently, don't trade off this, just keep it in the back of your mind and we will see later how things went. Remember there will be lots of smaller waves on the way. Hope you guys have a good day trading, especially in this dark and gloomy market environment.
BITFINEX:BTCUSDEducation
by TroyByrne
3
Cryptocurrency Market CorrelationIt's safe to say there is a lot of correlations in price in the cryptocurrency sector. There may be some inverse correlations short-medium term that provide opportunities on how to multiply capital, but medium-long term it looks like the market follows a general trend. This proves one can only be so diversified in 1 sector (e.x crypto) and that there is NO safe haven crypto to go all in on during corrections. Cash is KING and will go much further in crypto dips as USD value vs satoshi is much more favorable.
BITSTAMP:BTCUSDEducation
by JCBCrypto
BITCOIN - Which international Pair is BESTThe currency pair you trade (BTC/USD, BTC/CNY, etc) does not need to be a habit or a consequence of nationality, but a decision you review at least once a year. Bitcoin makes it easy to change your instruments and broker/exchange. The most commonly traded pairs are BTC/CNY (Bitcoin/Chinese Yuan) and BTC/USD (Bitcoin/US Dollar). Most banks and merchants accept either and there is liquidity in these currency markets, meaning you can get in and out of BTC/CNY and BTC/USD with relative ease. The trader’s choice of currency may also be based on practical considerations: it simply depends on what is more convenient for you. For example, if you have a GBP-based bank account then it’s rational to trade BTC/GBP and withdraw the fiat without having to pay fees on exchanging, say, USD to GBP. Cryptocoin News 15 March 2015
Education
by Tradingstrategyguides
CRYPTOCURRENCY - INVESTMENT VS. the FUTURE of CURRENCYHey Guys!! I really want to know what you think about cryptocurrency. Do you see it as an investment opportunity only, or do you use crypto as much as you can as currency on your day to day life? Many people are starting to see bitcoin as a big investment opportunity, but wouldn't it give it more value if people actually used it as a currency rather than just invest money and pull out when they have made the gains they wanted? Tell us what you think in a comment below.
BITSTAMP:BTCUSDEducation
by Tradingstrategyguides
6
Gambling vs. Trading - Know the DifferenceINVESTOPEDIA - Although there may be some superficial similarities between the two concepts, a strict definition of both terms - investing and gambling - reveals the principle differences between them. A standard dictionary defines "invest," as follows: to put (money) to use, by purchase or expenditure, in something offering profitable returns, especially interest or income. The same dictionary defines "gamble" as follows: To play at any game of chance for stakes. To stake or risk money, or anything of value, on the outcome of something involving chance; bet; wager.
BITFINEX:ETCUSDEducation
by Tradingstrategyguides