Cryptotrend
How to understand the market movement?BINANCE:BTCUSDT
When you just open charts for the first time, the market movement seems chaotic: incomprehensible bars, lines, and so on remind us of a medical cardiogram. Here we have only one very important question: "How to understand the market movement?".
In fact, everything is simpler than it seems. Let's start with a classic trend move.
There are two camps on the market - "Bulls" and "Bears". Bulls - buy (raise the price values up), and bears - sell (lower the price values down).
Our task is to determine who is stronger in the market. This is the definition of the power of movement.
Market movement consists of a trend movement and a sideways movement. If the price lows and highs are higher than the previous ones, this may indicate the strength of the Bulls (uptrend), if the lows and highs are lower than the previous ones, the strength is on the side of the Bears (downtrend). When there are no clear higher/lower lows and highs then it is a sideways move.
Let's start from the most important.
There are two phases in a trend movement:
1) Main movement
2) Correction.
Let's take an upward movement as an example:
From the very beginning, you should have an understanding that the trend is your friend.
70-80% of trades should be opened strictly in the main direction of movement, and only 20-30% -
against it (trades that are opened in the direction of correction).
In the downward movement, everything is exactly the opposite.
In the case of lateral movement, the main factors for work are the boundaries of lateral movement.
Also, when working with trend movement, do not forget to look at the background timeframes.
What are timeframes in general and which ones are the main ones and which are the background ones?
Timeframe (tf) is a certain period of time for which a candle is formed.
The change of tf gives us the opportunity to look inside each candle.
So one daily candle (1D) contains six four-hour candles (4H), and one four-hour candle (4H) contains sixteen fifteen-minute candles (15M) and so on.
Each timeframe carries certain information for analysis. We can mark for ourselves the main timeframes:
1D 4H 1H 30m 15m 5m 1m
All other timeframes will act as intermediate (background) ones for us.
How to understand which timeframe is more important? 1D or all the same 1H?
In fact, there is no one important TF. As we pointed out earlier, each carries important information. Whether it is 5m or 1h, they are equally important for analysis.
There is only a sequence of analysis and trend definition.
From older to younger.
You must take into account all timeframes, carefully analyze each of them, not missing a single detail. Every factor you have should be "fractal" - displayed on lower TFs.
Do not rack your brains and do not look for “golden” information on the Internet “how to determine the trend”, just determine the highs and lows on the chart and everything will fall into place.
Also, the trend cannot be predicted. You can't think of yourself "Now the trend will begin" -
No! It is determined "by the fact" of its formation.
The optimal time for crypto trading is determined by the opening of stock trading sessions, as practice shows, this is a highly volatile time on the market. Within these trading sessions, there is a specific time that shows the main volatility at a distance. This time is the most successful for trading.
Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch!
* Look at my ideas about interesting altcoins in the related section down below ↓
* For more ideas please hit "Like" and "Follow"!
USDT dominance is showing strength at supportUSDT.D is now at support, i think we will see some moves to the upside anytime soon which means correction towards crypto market for approximately 2-3 weeks ahead.
Breakout upwards 7.9% could be dump for bitcoin and other crypto pair.
Do not fomo buy now, wait for retracement & confirmation.
Bitcoin making us fool. Be carefull!Hello Everyone, thank you so much for giving your time to my analysis. kindly like if you agree and comment you ideas. Now lets start!
So, whats happening in BTC is interesting. YES, bears are still in the game. but don't forget, Bulls and Bears, they are same.
We are looking at 3 type of chart patterns now in 2H time frame;
1. Descending Triangle : Blue line is making support and btc is forming lower high. Its a bearish trend.
2. Symmetrical Trangle : Light pink color trend line showing this triangle. it can be either bullish or bearish , depending on the market. In either case, it is normally a continuation pattern, which means the market will usually continue in the same direction as the overall trend once the pattern has formed.
3. Uptrend support line : Red line indicating support which was tested 4 times. If BTC break this time, we are going to see a healthy correction .
Note: RSI is showing lower low divergence which is bullish.
Hence, right now its very neutral situation. I am not taking any trade and will go with the flow. I may open Long or Short if chart shows any confirmation.
Safe Trading!!!
BITCOIN Weekly - For any bull market to kick up,
Bitcoin should break and sustain
trading above $30,000.
UNIUSD Trend and Wave AnalysisIt is in wave c and is moving towards the set price target
The wave you see in the future price on the chart is a schematic of a possible price trend and will not be formed just to clarify the possible price movement.
This is a personal analysis and should not be considered a criterion for buying or selling. Please pay attention the take profit and stop loss. Cryptos show emotional and unforeseen price behavior.
I use Elliott and Price Action in my analysis, and my analysis is based on that. The structure of the Elliott wave count is complex and different patterns are formed in the chart, so there is a possibility of a change in the price movement of the price.
BTCUSD Trend and Wave analysisBitcoin and here the total crypto index forming a correction structure in the form of abc flat to complete the larger wave 4 and wave 4 has not been completed yet and there is a possibility of a fall to the specified targets
In general, for cryptocurrencies, such a downturn can be considered until cryptocurrencies do not grow until bitcoin completes its own correction structure. The role of bitcoin for cryptocurrencies is like an index
(Check out my October 16 post about bitcoin warning of a drop that will drop to abc flat)
The wave you see in the future price on the chart is a schematic of a possible price trend and will not be formed just to clarify the possible price movement.
This is a personal analysis and should not be considered a criterion for buying or selling. Please pay attention the take profit and stop loss . Cryptos show emotional and unforeseen price behavior.
I use Elliott and Price Action in my analysis, and my analysis is based on that. The structure of the Elliott wave count is complex and different patterns are formed in the chart, so there is a possibility of a change in the price movement of the price.
Solano Breakout and retest, was expected although good solid move, next move is to wait for mean reversion with ema9 of daily chart with bullish signal
which senario ? red or blue ?road to 100K BTC price is from 20K where RSI will be below 20 and market in sell pressure.
DO you agree ?
NFA
CWRK LONG!DON'T IGNORE NFTS IF YOU REGRET NOT BUYING BITCOIN CHEAPER!
THIS IS A GREAT SPOT TO START BUYING! IT'S DOWN 20% AND AS YOU CAN SEE ON THE CHART IS A TREND AND AFTER A FALL OF APPROX. 20% IS FOLLOWED BY A NEW ALL-TIME HIGH! @CURRENCYWRKS, LEADER IN #NFT #INNOVATION. ACCESSING A MULTI-BILLION DOLLAR MARKET AND TAKING THE RIGHT STEPS! THEY ARE A GREAT COMPANY!
BUY LONG!
BUY: BNB/USD## OUR APPROACH:
- 100% Systematic Trend Following Trading
- Trading Long and Short Signals with a medium-term time frame to capture +50% price moves
- Always protect your position with a stop loss (initial stop loss turns into trailing stop loss)
- Always know your risk before entering any position
## TRADING LONG SIGNALS:
- Go long as the price closes above the "orange" solid Channel Line
- The "purple" dotted line always shows your current stop loss (it is trailing)
- Ride the trend as the price moves up
- Exit the position only if the price closes below the trailing stop loss
##TRADING SHORT SIGNALS:
- Go short as the price closes below the "orange" solid Channel Line
- The "purple" dotted line always shows your current stop loss (it is trailing)
- Ride the trend as the price moves down
- Exit the position only if the price closes above the trailing stop loss
##WANT TO APPLY THIS SYSTEM TO YOUR TRADING?
-> Reach out to us via the message function on Tradingview to get access to this Pine Script on Tradingview
## OUR TRADING SETUP (Hit the links below to sign up for the services we love!)
-> Data and Charts by Tradingview:
tradingview.go2cloud.org
-> Trading on Binance:
www.binance.com
-> Trading on Bitfinex:
www.bitfinex.com
## OUR FAVORITE BOOKS
-> Trend Following Trading – How to make a fortune in Bull, Bear and Black Swan Markets
amzn.to
-> Trend Commandments – Trading for Exceptional Returns
amzn.to
-> The Rule – How I beat the odds in the markets and in life – And how you can too
amzn.to
-> Market Wizards – Interviews with Top Traders
amzn.to
XRPUSD on the Rise Mr. Pips says you can long XRPUSD with very little risk here.
Mr. Pips' proprietary indicator is showing a buy signal. This is a clear indication that the price is going to go up! There is no other indicator available that will show you these important price zones. This is NOT Murrey Math Lines. These are NOT auto Fib levels. There is no need to spend hours on end doing extensive research or trying to read news reports when you have the right tools at your disposal!
Mr. Pips Quote of the day:
"Man is a Tool-using Animal. Without tools he is nothing, with the right Tools he is all!!!"
Mr. Pips wants you to have a blessed and profitable day!
Disclaimer: All information provide by Mr. Pips and IgetPips.com is for educational purposes only and is not intended to be trading advice or trading consultation. You are responsible for your own personal finances and trades!
