#ETHBTC facing falling trendline on higher timeframeFor now #ETH/BTC facing falling trendline on higher timeframe we're unable to break above this line in last two attempt let's see if #altsking can close daily candle above this line which will confirm breakout
For short term keep an eye on these levels
Resistance level - 0.0255/0.0260/0.0266
Support level- 0.024/0.0235
D-ETH
Trading in a trend. ETH/USD trend. Past Trading Idea +70%Ethereum is currently moving in a strong uptrend. An ascending wedge formed. It is very necessary to be careful in trading now. In fact, holding the starting position while the trend continues. You can apply the pyramid trading strategy, about which I have an extensive article on how to work profitably and safely in two directions on one tool.
A break in the price of the trend line and fixing below it will indicate the weakness of the bulls as a result of a potential trend reversal. On the chart, for clarity, I showed the existing and past local uptrend, so that you understand the logic of work.
I will also set an example on my past trading ideas on how to work in similar situations. In order for you to better understand the essence of trading work. If you are not in a position on this instrument, then you can simply observe the development of events for the trading experience in the future.
My past trading idea for this ETH / USD pair. March 31, 2020
ETH / USD Triangle. The price is decreasing. Coming soon.
Profit already more than + 70%.
There has been no upward trend weakening since the triangle broke. The trend continues.
A similar situation on bitcoin in June 2019.
BTC is moving in an uptrend. Repeat 2014 or 2017?
An uptrend continues. Trend Trading and Important Areas Jun 27, 2019.
The trend stayed at the important zone and the price fixed under the trend line.
An attempt to return the price to an uptrend was unsuccessful.
What served as a signal of a reversal of the then upward trend on Bitcoin. And the formation of a bear measured move
BTC possible formation of a global triangle. Jun 28, 2019
Trading with the trend Option of forming a global triangle Jun 27, 2019
And a very similar situation was at one time on LTC a month before halving.
LTC trend trading. Crowd training before halting BTC Jun 25, 2019
Well, after a while (2 weeks). We saw a breakdown of the upward trend line.
As history showed that the breakdown before the halving served to reverse the current trend and the emergence of a downtrend.
I will continue the example of trend trading on the same coin.
LTC price uptrend is broken. Trading in a downward channel . Aug 14, 2019
As we see the downtrend continues.
Potentially work in a hypothetical downward channel that may form.
As we see from the history of the channel and formed. Work on this tool continues.
Trading idea + training. Nov 1, 2019.
TRAINING
Pyramiding money management. 2 part. Short LTC / USD.
In this training idea, I described how I worked on this LTC / USD pair long before the trend reversal.
Pyramiding money management. 1 part. Long LTC / USD
Also, I think this trading + training idea will be useful for you to familiarize yourself. The same pyramiding (trading in a trend), but on coins of average capitalization . The profit, as well as on the lightcoin, is impressive about + 200-350%. But the charm is that due to the fact that it is an altcoin of average capitalization, all the actions of the cycle occur many times faster.
Also, if a person worked in the algorithm that I described and defended my profit as shown in the idea of learning online, he would not be afraid of the margin focus of the Binance exchange that they scrolled on hamsters.
Pyramiding online on a pump coin. Matic. Whale Trading Nov 28, 2019
To all readers a lot of money in trading. Rock your mind and skills.
HVQ + QRSI + Clouds - Setting up a narrative; market structureThis video goes through my charting process using the trio of indicator's I've developed to work in concert with each other.
This is the process I use to explore historical price action and develop a narrative to use during my near-future trading activity for that asset.
Just as important as entries and exits, understanding market structure and being aware of potential changes to this structure, before price plays out it's new role, is extremely important.
These visualization tools make it possible to find structural influences within an asset that do not necessarily exist, in a classical sense, on a typical price candlestick chart.
Not explored in this video is how to further use these tools to build risk distribution profiles for any trade, long or short, as well as the use of compound tickers to determine individual asset allocations.
Most technical indicators focus too much on entries and exits while not providing nearly enough insight for aligning those buy or sell conditions with the current market structure and meta-analysis. Take a step into my workflow for setting up a trading environment that focuses more on working with the structure of an asset rather than against it. In this video I build rules for potential entries, stop-losses, and set up a narrative for an asset on some historical data (cheating, I know, but this is "educational" content ;)
QuantRsi, Heffae Clouds, and the HVQ Volatility Index are available via PM, there is also a link with access information in my sig.
For your education and entertainment!
How to use STIXEX “color options” and improve risk management
Hello everyone,
First of all, since STIXEX “color options” is a totally new way to speculate on crypto price, let me briefly explain what are STIXEX “color options” and how they work.
STIXEX allows traders to place a trade on the color of the next candlestick in the price chart. In other words, all you have to do is pick whether the next candlestick will be red or green. This way you do not have to predict the exact size of the price move in order to make a significant profit, every winning trade pays fixed 100% profit. So for example, if you place a $20 trade that the next candle will be green and you guess it correctly, you will receive $40 payout, you will double your money (minus commissions). There are 1min, 5min, and 15min options, so its perfect for day traders. As you can see, the concept is very simple and straight to the point. Now let me explain why this way of trading is more beneficial when it comes to risk management which is a serious problem, especially with newer traders:
1.You can’t loose more then your trade size, so if you trade $2, that’s the amount that you will lose in case of an unsuccessful trade. This is very beneficial when market experiences flash crash or sudden price moves that car run right through traders’ stops and incur significant unplanned losses. STIXEX eliminates this problem, no matter how much the price moves, your loss will always be capped at amount that you chose.
2.STIXEX uses Binance price feed, so there is no problems associated with low liquidity, your results on STIXEX are determined by price activity on Binance.
3.There is no price spread between bid/ask price.
4.There is no risk of slippage, the price that you decide to pay for an option is the final price, period.
5.You only pay commission on your initial trade amount, your profits do not incur any fees. Also, you don’t even have to close your trade manually, its is closed automatically once your option time expires.
6.There is no account set up process, you can start trading right away by depositing ETH or USDT(ERC20).
7.STIXEX uses TradingView charts, so you can use the same tools and indicators to plan your trades.
8. No need to set up Stop-Loss, your loss and profit are known in advance.
So, as you can see, STIXEX significantly simplifies trading process, instead of trying to predict not only the price direction but also the size of the price move in order to make significant profits, you only have to predict the color of the next candlestick and you will earn guaranteed 100% profit, even if the price moves only a fraction of a penny in your direction. Let me know in the comments bellow what do you think about this method.
Please like, comment and follow in order to receive future updates about this trading system !
ETH Moving closer to the Supply ZONE!!After a decent 20% move in the last 24hrs can we break this resistance and make it up to the supply zone?
In my opinion this looks like a key level and could be a hard level to break.
we could consolidate just below this resistance for a few days before a re-rest.
ETH/USD 4hr
ETHBTC ScytheMy first pattern identified as my own, the Scythe :) It appears to look as a reapers 'scythe', it is a bullish continuation pattern. It can be identified various times on this chart, and is appearing quite often across major and minor alt coins. Alligator can be seen to at a reversal point and 'eating' bullishly. Lets go ETH!
(Educational) Trade Management Life Cycle using ETHUSD In this video I cover some of the techniques I use for trade management. I rarely post about how I specifically manage trades. Enjoy!
*Side notes*
-2% of 10,000 is $200. I said $2,000 but then corrected myself :)
-I stated I have probably haven't lost more than 5 consecutive trades. Honestly, I probably have but it has been a while. Due to my defensive trading nature it's more likely I would take a string of losses and break-evens, but rarely a large string of straight losses.
How can you see this chart?1. this is powerful support that eth reacted on March 2019. It can be a 5th waves.
2. It may come back to the resistance that was break out.
3. look at RSI,in my experience, it is good reason for returning at this moment.
But, notice. the thing is ETH is valuable more than 140-150 $ or NOT ?
How can you analyze this chart? which price is representing the best psychology of investors & traders ?
Ethereum | 2020 Will be Bullish Year For Ether..!!What is Ethereum.??
Ethereum is an open source, public, blockchain-based distributed computing platform and operating system featuring smart contract functionality. It supports a modified version of Nakamoto consensus via transaction-based state transitions.
Ether Milestones
Late 2013 - Ethereum White Paper released by Vitalik Buterin.
July/August 2014 - Ethereum Crowdfunding to fund development.
30th July 2015 - Public launch (Version 1, codename “Frontier”) with 72 million coins pre-mined to support development.
October 2015 - First Ethereum Improvement Proposal (EIP-1) lays out the rules for governance and community consensus.
14th March 2016 - First “stable” release (Version 2, codename “Homestead”) with updates to security, transaction processing and pricing.
June 2016 - The DAO hack.
20th July 2016 - ETH/ETC Hard Fork.
16th October 2017- Version 3 (codename “Metropolis: Byzantium”) with updates to the Ethereum Virtual Machine and smart contracts.
2017 - Ethereum Smart Contracts enable the funding of many crypto-currency projects via Initial Coin Offerings (ICOs).
December 2017 - Cryptokitties brings out scaling problems in Ethereum, with the network being congested and transactions being delayed.
28th February 2019 - Version 3.5 (codename ”Metropolis: Constantinople”) implementing zk-SNARKS borrowed from ZCash.
ETH/BTC (Update)
Now Let's Take a Look on Ether Technicals, In Bigger Chart (Monthly) Forming a Wedge Pattern & I Think 2020 Will Be Bullish Year For Ether.(If Follows my Plan)
ETH/USD (USD Pair)
Just like BTCUSD , Ether is Also Moving inside the Descending Channel (Downtrend) in Daily TF Chart.
Recently Tested the Lower Channel Line & Now Bouncing up Towards the Key Resistance (144), Just like BITCOIN .
It's Decreasing the Volume since 25th June Top & Now I Think It's Time For Reversal..(Major Indicators ( MACD & RSI ) Are Also Turning Bullish )
Now If Key Resistance Broken in Coming Days Then ETHER Will be Back in Uptrend & It Might Test (195) Resistance.
In 3D & Weekly Chart, It's Forming Bullish Wedge Pattern as well ..
Please like, subscribe and share your ideas and charts with the community!
BTCUSD & ETHUSDT | Direct correlation of assets' price actionAt the 4H-timeframe scale it can be clearly seen how perfectly correlated are Bitcoin and Ethereum price actions in the middle term.
There are vertical flags with dates and time from the beginning of the observation till the current moment. Starting from the 21th of November you can see each sharp movement duplicates, even IHS patterns were formed in the same manner.
What does it mean?
1. Bitcoin's capitalization and Ethereum capitalization is represented mostly by the same big players now.
2. Once fundamental news arrive and affect the market big players either fix their crypto to stable coins in case they expect drop or enter the market back diversifying their holdings between ETH and BTC in equal proportions.
3. It does not seem like a
collusion it is more likely big players want to diversify, however this now destroys opportunities of diversification.
4. Because ETH and BTC can no longer be used for diversification soon we will see whales choosing other instruments for it.
5. Once new coin is determined ETH will have an inverse correlation with Bitcoin. Moreover Ethereum will face with a sharp value drop once it happens.
Conclusion:
Do not use Ethereum for diversification in the mid or long term. Ethereum is now risky for long term holdings, choose several top-10 cryptocurrencies instruments for it
What can we learn if BTC decouples from ALTs & Dominance drops?This last move was important to pay attention to and be aware of whats going on in the markets. Bitcoin has been dominating the landscape for some time and for good reason. It has the most exposure, it has large funds being able to invest in it, etc, etc.... People were creating ways to get into the crypto craze and found ways to do it.
I am not hear to pinpoint on exactly when to get in. I am hear to tell you that if you are sitting on the sidelines mulling around whether or not it's a good time to get in, please consider this chart. I can throw most any major alt coin and the result will be similar as to the eth and ltc comparison. AS BTC dominance drops, the ALT's rose, along with BTC for that matter. If we are going to have a massive alt season 2, this will be the time to get in and HODL. If you are targeting ETH, will it matter if you get in at 150, 200 or even 250 if it goes to $1,200? No, it won't. If you wait for more confirmation, you could possibly miss a large move to the upside. Maybe it goes down more before it goes up, no one knows. If we take a step back for a moment and look at bitcoin dominance we can see what story it is telling. The first and most obvious is that when BTC domiance dropped in 2017 prices started to increase. It's important to notice that this happened MID 2017, but people consider the bull run to happen late 2017 if not the beginning of 2018. But if you invested then you were late. You were showing up to the party as the police were arriving. Not a good time.
The BTC dominance MACD is just about to arc over and cross. RSI is very much oversold. The BTC halvening is approaching next year, there are massive advances in crypto, etc... The decoupling exposed itself this last rally when almost EVERYTHING moved up and BTC stayed flat. Of course everything has corrected a bit, but that is to be expected. There are signs they are decoupling and if so it could be worthwhile to begin to take positions for a move up. Almost EVERY cross (ETH/BTC, LTC/BTC, etc..) are at all time lows, priming the pump for another ALT season. Ask yourself this... If ETH went down to $150 even if you bought at $200, would you be angry at having to ride it out? Or more angry if you hadn't bought at $200 and it moved up to $300, or 500? Make sure you evaluate your plan, whether trading or hodling and know the potential of what is going on. Stay disciplined. Could BTC go down to 7k?Could it drag everything else down with it? Very possible, and it's what I have thought until this latest move. Because what if it decouples from alt's and those stay stable or even move up? As evidenced by the recent moves? Compare the latest ETH chart to BTC. It looks like BTC is moving down and ETH to the upside... It will be quite interesting to see where we go and I hope I provided some insight and help for your positions or trading.
Best of luck trading and hodling
-Sherem
Ethereum the bitch that keeps on giving.So as we all know, eth was once above $1400.00!! Here we sit at 168.55usd having just broke that channel I recently drew on my chart. What's ironic is that I trade eth alot more than I trade bitcoin but mostly post bitcoin ideas, today I finally post some stuff for eth. I will be adding updates, this is a shorterm chart so ill add some longer time frame views as we go. Please enjoy.
Also please remember that I am a speculator, not your trading adviser. Don't copy what I do, learn to do it without anyone's help and you'll be very rich one day.
Ethereum (ETHUSD) Resistance - Expect at $240This is a daily chart, of ETHUSD on Kraken.
We see a relatively bullish uptrend as of late, but I expect resistance to be hit around the $240 level.
Why? A few reasons.
Firstly, we can see a cluster of historical resistance and support around those levels.
Makes sense for price to be tested there again.
Secondly, the $240 level is right around the 0.382 retracement, if we draw a Fib from the high pivot around $364 to the low pivot around $165.
0.382 is a frequent area of resistance.
Do you have different potential areas of resistance, based off of different analysis, i.e Gann, etc?
Anyway, let's keep our eyes peeled.
A quick overlook on ETH.What do you look for when buying??
1. Fundamental support?
2. Statistical outlook on protocol growth and recent avenues? (ie: www.forbes.com)
3. Human appeal and influence? (lower prices are more appealing while regulation and growth continues) Grab it while its hot! ;)
4. Would you rather want a 50% 70% or 80% or hell 100% discount from where price took off? Sure would be nice to visit "station 1" of the bus ride for those cheap deals again! (UNLIKELY) But hey? Maybe station 2 is still good or even 3..?
Think of this in terms of what would you pay as a brand new investor? Hope you all like my idea ^_^
Yellow zone can ride us back up
Red zone people are looking for deals
Blue zone people are observing pattern and market behavior for trends.
Weapons of knowledge:
1. News
2. Market Behavior
3. Growth vs Competition
4. Use Technical Indicators for price action observation (Naked Trading should always be first included before layering indicators). Clean charts are good charts I only use indicators to help show ideas like a playbook for a coach.
5. Do not rely on indicators they all mostly lag but there are some leading indicators that help and a combination of "truths" help with probability.
6. An idea is just an idea - it does not make it real but people use them so it has effect!
7. Smart Money vs Dumb Money (Wholesale vs Retail) (Discount vs Buying the hype)
8. Psychology and Money management
9. The farther out the more you can see, history has its advantages...
10. Contact me for supportive constructive perspective and criticism. Likewise share thoughts
Happy Trading all ^_^ !!
For those of you who wish to help encourage my growth wallet address and TAG is below. Donation via XRP... As always, do not forget the tag and thank you for all your support in this journey!
Wallet address
rw2ciyaNshpHe7bCHo4bRWq6pqqynnWKQg
XRP Tag
636515678
Position 000008 Has Been Closed With 26.56% ProfitSince march 2018, 9 positions have been closed, all 9 positions have been closed with profits.
9 WIN - 0 LOSS
DISCLAIMER:
I'm not a certified financial planner/advisor nor a certified financial analyst nor an economist. I'm not a finance professional through formal education. Trading is just one of my hobbies!
The Trading Signal of my Crypto Trading System is not a financial advice, there is no guarantee that you will make profit from my Trading Signals. Crypto trading is very risky, so don’t trade with money you can’t afford to lose.
[Reading notes] : chapter 13 how & when to sell shortHello, everyone
This is a threads of my reading notes for the great book: [ Technical analysis using multiple timeframes ]
And here is the notes of chapter 13, how & when to sell short
I will go through all of key points of this book, and find proof from the bitcoin chart.
Why to selling short?
from the book : bear markets occur every 39 months on average and typically last for about 18 months. that is a lot of time where the odds are stacked against long trades and where selling short makes sense to generate market profits for the purpose of current income.
And let's have a look at the bitcoin market for the bear market times:
02.Dec 2013 ~ 24.Aug 2015 last 21 months.
18.Dec 2017 ~ 28.Jan 2019 last 14 months.
In the long time of bear market, shorting is a good tools to catch great profit.
Measures of sell short
By selling short, the trader expects to profit by repurchasing the shares at a lower level and profiting from the difference.
And cutting losses must be taken very seriously when selling short since the unlimited losses.
Shorting takes the right mindset
Selling short is a skill that every serious trader learns to utilize during stage 4 market declines.
The best time for sell short is during a bear market, but there are always stocks in a stage 4 decline that can be sold short regardless of the overall market environment.
What is a bear market?
The most obvious sign of market bearishness is when the majority of stocks are in established downtrends or when the overall market indices are below key moving averages. the best way to define a bear market is an environment in which markets where the 200-day MA is declining.
Let's look at the chart pattern of bitcoin in bear market 2014 and 2018 with 200 day MA.
From the chart above, we can see in the bull run, bitcoin will not touch the 200 day MA, if bitcoin drop below the 200day MA, then it's high possibility we enter the bear market, and 200 day MA will become a major resistance line of bitcoin.
But is it the best indicator of bear market? how can we measure we are near the peak of ATH? find the bear market indication in in early stage is very profitable and very risky also
another clue is the price of stock/bitcoin drop below the long term support line. such as in 2017 bull run, the 20 week MA is the most important support line for bitcoin, but it drops below the 20 week MA on 29.Jan 2018. This may indicate the bear market is coming!
And I found another indication is the bitcoin is not correction in healthy range (20 week MA) and resume to advance again, this means the final ATH will be very soon.
Sentiment of bear market
In the bull market, everyone is very confident, but in bear market, stock tend to drop much quicker than they advance and it has a great deal to do with emotion. bear market are characterized by a stronger emotion response than bull markets because people are complacent when they are winning and become frightened when they are losing. fear is a much stronger motivator than complacency, and emotional liquidation from frustrated long holders can lead to quick declines.
Choosing shorts
Timing need to be more accurate when it comes to shorts, in bear environment, try to concentrate only on the highest probability setups, and keep overall trading activity low relative to your trading volume in a bull market. you need to have the patience to let the market present you with the lowest-risk opportunities. This occurs when the trend are aligned on multiple timeframes .
Some of sharpest rallies experienced by stocks occur during a downtrends, and while these rallies usually fail to hold up in a down trending stock.
Trend trading is the safer way to consistent profitability, so do not allow yourself to be enticed by the rapid movement.
Short alignment
Trend alignment of short trading positions is the lowest-risk, highest-profit potential trade scenario. Whether we trade long or short, the basic cyclical structure of the market never changes.
Find the candidate with daily timeframe
The first step in trading short is to find a stock in an established stage 4 downtrend. when trading from the short side, we ideally want the overall market, the sector and the stock to be in a decline.
In digital currency market, we hope the bitcoin is in decline when shoring the alt coins.
And if the daily MA 10-, 20-, 50- stacked below each other 10<20<50 is another bonus for shorting. let apply these rules.
Shorting choose in bear market
07. Feb 2014, lower high formed in Jan 11, and consolidate in the neck line range ~ 790, but after 1 month, the market choose downside direction, when 07.Feb 2014, we can see obvious MA stacked 10<20<50, it's a sign of bear formed, good point to start short.
13.Aug 2014, lower high formed in 01.July 2014, and break the neck line in 14.Aug 2014, with daily MA 10<20<50 stacking, good point to shorting.
05.Mar 2018, daily double top seems formed, this chart pattern in bear market have strong power to drive the price down. we can setup shoring with stop loss in here.
05.May 2018, daily double top formed, we can shorting with stop loss from here:
29.July 2018, bitcoin price formed lower high in daily chart. shorting!
14.Nov 2018, bitcoin break the major support which support bitcoin ~ 1 year. the longer the hold, if breaks, the large dump will happen. shorting without reasons!
Shorting in bull market
I have to say shorting in bull market is very risky, bulls driven by FOMO of crowd. Don't short in bull market otherwise you're very experienced in trading. And one rule we should always keep in mind is we should ride the trends, not try to violate or control it.
So in bull market, just find the right position to long, don't try to stand on the oppose/low possibility position.