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Using Long Term Trend Lines in CryptoI wrote this one 8 Dec 2018, but because i wanted to add more things i kept it on hold in a hidden post. I just did not have the time to complete it, so i will post it as it is now and based on question/comments, i might make a part 2 on this post. Every week i keep seeing this long term LOG chart and i simply just can't stand it anymore. I know most people think TA is about drawing some lines and we can simply trade based on those facts. In many cases that is very true, no doubt, it is just not that simple. I have mentioned many times that i simply do not look back at the period before 2017. I am 100% convinced without a second of doubt, that this long term chart of Bitcoin' is as useless as they come. There is one very simple reason for my assumption, the market dynamic (the buyers and sellers) are completely different back than. - The percentage of professional traders is so much more now than back in those days. - HODLing days are over, who still has the confidence to keep 100% of their portfolio in crypto. - Maybe the most important fact of all, it used to be buy and sell only, nowadays shorting has become a defining factor in this crypto world, do not underestimate this for a second. - Leveraged trading, is much more in 2018 than it was in the past. Of course there are levels where certain early investors, who were smart enough to sell (at least part of their portfolio) during the highs, who might think; "what the heck, lets try a little bit again around 1.000/2.000/3.000 or whatever price they think might be worth the shot. Because they remember certain support levels were important to them back in those days. Current support levels are mostly created because buyers step in, but just as much levels where bears take profit on their shorts (which are also buy orders). Since we usually see shorts squeezes at certain levels, it is maybe even safe to say that the bears determine the support levels nowadays. Just look at how many people kept adjusting trend lines the past months and referring to past support levels around in the 5K and 4K levels. But i think we have all seen what value these levels had the past month, absolutely nothing. They all cracked like it was nothing. Now i am not saying i knew it would go like this, i never expected it to get dumped so much so fast. But it was quite obvious that a break of the 6K would be very bad for the market since it was a huge support for 8 months. Throughout 2018, how many times did we have breakouts on those descending trend lines from the 20K level (yellow circles). The only solid useful line i can see here, is the blue one. For the rest, what is the value of them? You need to look at them upfront, not in hindsight. Crypto is a very young market which still has to mature. So it will take many more years to achieve that level. Only THEN can you think of giving real value to these long term trend lines . The best example is the break of a few weeks ago. Not matter if you were a bull or a bear, but the 6K support zone held as support for more than 8 months. Would you really try to buy long term based on that trend line? Or was it quite clear the bears had won the big fight and we would start to see a crash. Now my message is not that it is pointless, there are enough (mature) assets where it does work, i just want to give the message, do not stare blindly at these long term trend lines . Maybe use them as an extra tool to confirm your analysis, but nothing more than that. I talk with several professional traders on a regularly basis, there is not even 1 of them that even mentions these trend lines . To put it in more simple words, when looking at a chart (no matter which time frame) it's like one big story. And like each story it is divided in chapters. What i am trying to say is, do not mix up the different chapters. For example, the 6K triangle is a chapter, or the current possible triangle as a chapter as well. Many of you follow several analysts here, we all make good, decent and bad analysis, but i don't think i need to remind you what catastrophically bad predictions have been made based on these trend line . I don't want to step on any toes, but i just had to get it of my chest, because it's not fair towards the less experienced traders :) Previous educational post: Another educational post, worth the read, makes you understand my message here better; Don't forget to give a like if you appreciate this :)
BITSTAMP:BTCUSDEducation
by botje11
92
Analysis on the trend of ethereumAnalysis on the trend of ethereEth I have also given several previous analyses, and you may still have fresh memories of preventing the fake breakout on February 24. We look at the 2 hour trend, the current formation of a zig-zag line breakthrough of the technical form, if the upward breakthrough of $137, it is likely to challenge 144, 149, 156 three resistance levels. If it falls below $132, the trend is downward. My advice: break through the previous pressure line of $144, macd forming a long trend, can participate in the long, target 144, 149, 156, but must set stop loss.
BITSTAMP:ETHUSDEducation
by peter-l
Use moving average indicators to find short - termpWhen a wave of market into the horizontal consolidation, how to choose the next buy? I will give you a simple indicator today. The moving average is a common technical indicator used in tables. When many people start trading, the first thing they come into contact with is the moving average and K chart. The moving average is the average of the closing price of n days, and also the average cost of n days. Early investors all know the theory of reason and the galanz method, which are the tools to use the moving average for investment behavior. Although traditional, they work wonders in the digital currency market. As shown in figure, I set the ma12, and in this wave of market, the price obtained the obvious,, ma12 also showed a trend of obvious rise, after all line go flat, also is the first time we have underweight position, after some form, should be on average once again become warped, price placeholder line, is to make the average also become one of your support, hold prices up. Once the formation of a moving average pressure, is the signal to reduce the departure. Although this index is simple, but easy to operate, the disadvantage is poor sensitivity, not suitable for short - term trading, but the amplitude of the currency market, band trading profit is also very rich.
COINBASE:BTCUSDEducation
by peter-l
Bull run still not confirm ( ETH/USD )Fairly good, now Many people think the price will Bull run. but still we are not confirm it will bull run or not. Prices may grow a bit more in coming hour. How the price bull run went up last year. Bull run does not match with last year. We are now in a very important place. If ETH cross $124 Afterwards we have a further support in $130. and if ETH cross $130 most of the possible increasing price. but We are still in confused, because If ETH go down to $ 120 again. ETH again can touch $115. If we look to indicator RSI showing downtrend. So we need to confirm, So you need to wait least 24 hours for market price direction. And My All Tradingview Crypto Investor & Trader. I have a good Cryptocurrency Trading software for you. This is world's fastest and most secure trading bot. I liked this software very much. If you want to know more, you can Visit their website : wolfpackbot.com This is my new account. the name of coinvan official. Now try to share regular good analysis. If there is something wrong about analysis. Please make a comment. I will try to correct my mistakes. Thanks
COINBASE:ETHUSDEducation
by CooDesk
ETH patternslargest time frame pattern (blue): falling wedge, ETH has been riding resistance for a while, a drop to support would be devasting bring price to the 10-25 dollar range...(funny oscar predicted ETH to 16, and i have a chart to support that). medium time frame pattern (red): descending wedge, ETH fell outside of this pattern in december but got right back into it, currently sitting on support, a move up to test resistance brings prices to 120. Descending wedges typically break down. Target for this pattern fits perfectly with the larger time frame pattern @ 25. small time frame pattern (yellow): falling wedge, currently playing around at resistance, a fall to support lands ETH around 90-92. This pattern typically breaks up. A breakout could take ETH to 140. This target is also the .65 on the fib retracement from high in january. If the small TF wedge breaks up, this could get us out of the other patterns. I noted in the green marker a potential IHS with a descending neckline. 140 could potentially be the neckline test, and a bullish break of that pattern could bring us to 240. Excited to see how the next week or so plays out!
KRAKEN:ETHUSDEducation
by prospectANALYTICS
ETH Spoofing, what did they do and what was the resultToday i described the spoofing that was going on with ETH, almost step by step. I will post all the messages here below, look at the signs and try not to get fooled by these cheating bastards. 1) 4 hours ago Comment: Ping Pong action again, always the same when volume drops to these levels. Nothing really changed, except that we have a resistance now around 3840/50 as well. Alts are still doing okay, Litecoin even reached the target already. ADA also been strong the past days. But i personally want to see XRP show some strength. That one still has a lot to make up for. ETH seems to be used as well by the whales for spoofing. The volume on this one increased a lot the past month, so probably a lot of money to be made by them. At the moment seeing a 2 mil and 4 mil sell order, of course completely fake as usual. They probably try to get their longs filled. 2) 4 hours ago Comment: Just watch the price action closely of ETH on Bitmex. You see those big sell orders go away as soon as there is a little bit of buying. They stay away, just until the buying slows down, they pop up again. Just think of it this way, if you have such a big amount you want to sell. Would you throw in a 6 mil sell order while the buys are like average 100/200K? If you really want to sell, would you scare the whole market with your sell orders? There are 2 reasons why they do it, that is to push the price down to new lows or (what they usually do) push the price down into their buy orders. I remember the drop from 8K to 6K after the 8.5 high. Back then we could see similar tricks, but was going on at other exchanges as well. So of course we can't really say what their intention is, but if we don't see a controlled operation throughout several exchanges, we could assume they are just trying to fill up their longs. But if we see them doing it on several exchanges, than we can assume they are trying to push the price to new lows. 3) an hour ago Comment: Here we can see the chart of ETH, yellow circle is when i saw the spoofing (could have been going on even longer). Blue circle is when i mentioned it, as we can see, we have only been moving up since. Also we can see the bigger candles are buy candles. With the current drop (just logging in again), i saw again spoof sell orders. People just keep falling for it. As i mentioned before, it's not easy to say what their plan is. But general advice is, ignore the spoofing and just follow your own TA. 4) Just look at this shit, those manipulative bastards. Creating a fake (ugly) H&S on the right. With their spoofing, scared traders who react on it and eventually we see a small short squeeze. Taking the money of the ones who shorted because of their spoofing. Now after this squeeze, it could be their plan is already finished, but it the move seems to be a bit too small. So it would be likely to move up some more. But earning 2/3% on a few million, is not small of course.
BITMEX:ETHUSD.PEducation
by botje11
23
3 trading methods with my indicator. :)it's mainly for swing trading, i use the 3 day / 15 day / monthly charts with it and it works perfectly, it works good for stocks and cryptocurrency. you will use heiken ashi chart style and turn on the EMA DOTS indicator. once the indicator is on you will hide the heiken ashi so you only see the dots. when a green dot -0.57% -7.44% appears you buy, if a green dot -0.57% -7.44% appears after that green dot -0.57% -7.44% you hold your investment. if a red dot appears you sell your position. easy as that. the standard dots setting will be set to 10 - use this for any chart above 3 days change the dots setting to 6 for 3day charts and below shorter time frames will be choppy. larger time frames will be smooth. *Daytrading smaller timeframes is possible but not recommended.
NASDAQ:AMZNEducation
by UnknownUnicorn2319099
3
Slow and Steady WINS the race.Buy Green Sell Red // it's mainly for swing trading, i use the 3 day / 15 day / monthly charts with it and it works perfectly, // it works good for stocks and cryptocurrency. // you will use heiken ashi chart style and turn on the EMA DOTS indicator. once the indicator is on you will hide the heiken ashi so you only see the dots. // when a green dot 0.35% -0.78% -0.78% -6.68% -7.44% -7.44% appears you buy, if a green dot 0.35% -0.78% -0.78% -6.68% -7.44% -7.44% appears after that green dot 0.35% -0.78% -0.78% -6.68% -7.44% -7.44% you hold your investment. if a red dot appears you sell your position. easy as that. // the standard dots setting will be set to 10 - use this for any chart above 3 days change the dots setting to 6 for 3day charts and below // shorter time frames will be choppy. // larger time frames will be smooth. // *Daytrading smaller timeframes is possible but not recommended.
BNC:BLXEducation
by UnknownUnicorn2319099
1
Exploiting pricing discrepancy to win ZEC XMR DASH ETC ETH NEOIts all explained on the graph but in summary, we selected our favorite larger cap digital assets that are already working products. In this case we used: Currencies -BTC, DASH, ZEC, XMR Platforms: -ETC, ETH, NEO The objective is to make gains in FIAT and and accumulate digital assets by making use of arbitrage under market volatility whether it be a bear or a bull market. The graph is a little complicated but its worth the read. The reason i don't graph back further or use smaller cap assets is purely because of graph scaling. My favorite smaller caps (ETP, GAS, PIVX, BURST, ZEN) present opportunities that make the gains on this graph look insignificant. *The major disclaimer is that you need to be able to understand when the market as a whole is bearish or bullish. Finding the bottom can be challenging but it comes down to buying the dip, often over and over again. Good luck
COINBASE:BTCUSDEducation
by warrenhochfeld
2
Market Cap: Controlled Supply vs. Gigasupply CoinsLeft chart shows market cap of top 10 coins calculated using data from coinmarketcap.com from 28 July 2018 Percentages are share of the top 10 rankings. Right chart is market cap of same coins calculated as if they all had the same circulating supply as Bitcoin (approx 17.1 million) This makes it clear why it is absolutely pointless to compare the market cap of gigasupply coins like XRP, EOS, XLM, ADA, IOT, TRX and ETH with controlled supply coins like BTC, BCH and LTC. In fact even Litecoin is a large supply coin with its 57 million coins, but ffs Cardano has 28 BILLION coins and Stellar has 19 BILLION !!!! It doesn't even make sense to talk about market capitalization for these coins. At the end of the day, if these large supply coins are really cryptocurrencies, we should question why such massive amounts have been produced and of course who really holds them! << mean 'much less than'
BITSTAMP:BTCUSDEducation
by RealMcafee
15
ETHBTC – Gann square + Fibonacci ArcsHi Guys. As all crypto market went down it is a good time not to panic and learn something new. Today we prepared for you nice indicator Gann Square combined with Fibonacci Arcs. This enables us to see supports and resistances not only linearly but also circularly. Looking at the chart we can see at the horizontal axis we have a time and on the vertical axis we have price. Gann said ideal harmony is when they both move in a proportional way. That is way is middle line on this indicator is 45 degrees – it means when following this line price and time are in the harmony. When below that level price goes faster down (particularly in this case) than time. This means SELL. If we go above 45 degrees this means price goes faster than time and there is a time to BUY. Ok but what happens in the middle. Is prices’ and people’s behavior linear? Not necessarily. What can we do when being in between the lines 2/1 and ½? So the answer is Fibonacci Arc. Imagine those circles are like pulsing sound. Fibonacci claimed everything has a cycle and proportion. You can find numerous examples of shells, flowers and many more. People’s behavior changes over time. It pulses in someway. Each pulse has circular shape so Fibonacci Arcs are so as well. As you can see on the chart, many of the breaking points are aligned with levels marked by the circles. They give us better insight when to enter and when to exit. In this case we should SELL at around 0.098, reload at around 0.06 – the most important without fear we are below 1/1 level. Once bought wat the previously mentioned level we should sell ETH at 0.078. If someone plays on this pair once would make 30% in a 3,5 months. We put first circle in the lowest level of the 3 following bars. What do you guys think? Do you use it? Do you find it useful? Please do comment, share your thought and don't forget to follow us. THANK YOU FOR ALL YOUR SUPPORT! :) Hugs! WBM Team
Education
by WBM_Team
Best Indicators for Day/Swing Traders and How to Use ThemAn Introduction This is a quick overview of three of the best trading indicators for day and swing traders alike. If you are a new trader then it is very important for you to understand that no indicator or oscillator is going to make you trade profitably immediately, so don’t go on a wild goose chase to find one that will. Learn a select few indicators and the methods and strategies to use them effectively. Master them, and then learn more. “Your strategy will be more profitable using fewer indicators that you have mastered. Then more indicators that you haven’t.” Let’s begin. Moving Averages (MA) Moving Averages put simply are just lines that are calculated by past prices. They are easy to understand and are extremely useful with any trading type, whether that is intraday, swing, or even longer trading styles. You should always have multiple MA lines with differentiating time periods on your chart. I personally use three MAs: 9 day MA, 50 day MA, and a 100 day MA. This gives me a broader viewpoint on the market and helps my identify stronger trends and reversals. 2 Ways to Use Moving Averages 1.) Identifying Trend Strength Put simply, the farther away the current price and trend are from its relative moving average, the weaker that trend is, helping you the trader, spot potential reversals and finding entries and exits. This method in good practice is used in conjunction with other indicators like volume. (below). 2.) Identifying Trend Reversals with Crossovers Usually, MA crossovers can be signals for trend reversals, for example, if the nine-day MA crosses below the 50 day MA after an uptrend. Then the bullish trend may be reversing signaling a bearish trend. Be warned though, because there tend to be frequent fake-outs with crossovers that catch new traders off guard, you should always make sure to confirm reversals using other methods and tools. austindrysdale.com Moving Averages are important because they provide traders an understanding of the markets state, never trade blindly. Relative Strength Index (RSI) The RSI indicator provides a relative evaluation of the strength of a security’s current price, using it’s past performance and volatility. Again, this is another must-have for any type of trader and/or trading style. The RSI scores a security on a scale of 1-100, you will need to remember this for the tips below. RSI Can be Used a Number of Ways 1.) Identifying Overbought/Oversold Conditions Identifying overbought/oversold conditions is useful in finding trend reversals or corrections. When a security is overbought it can signal a bearish trend reversal or a correction, when a security is oversold it can signal a bullish trend reversal or correction. The textbook numbers for these conditions is 70/30: 70 = overbought/overvalued, 30 oversold/undervalued. Though in an effort to reduce fake outs, some traders (including me) use 80/20 for those conditions. 2.) Identifying Divergences Traders can also use divergences to identify trend reversals, a divergence is a difference or disagreement (link to Merriam Webster below). Bullish Divergent Signal When the price makes a new low but the RSI does not (or equivalent). Bearish Divergent Signal When the price makes a new high but the RSI does not (or equivalent) austindrysdale.com Quick large movements will create fake-outs (false signals). So just like any other indicator, always confirm trends with other tools/methods.
COINBASE:BTCUSDEducation
by austindrysdale
5
A Martingale Guide to not trade like a noob. How I trade.I am going to share with you all one of the primary trading strategies I use. As you read this keep in mind this is what I have found works best for ME in my situation with my busy life. I am not here to tell you martingale is the best strategy out there , it's just one that's out there that I have found to be very successful in my personal trading accounts. Its up to you to decide what strategy works best for you. This one I will be describing typically works best as a swing trading strategy. Before you implement a strategy. Make sure you have a hobby and it can't be trading. No, seriously. If you are going to trade you have to be able to step back from the charts to keep a clear picture and understanding of whats going on to make sure the plan you implemented is still viable and you don't panic or make a dumb decision. Even though I have over a decade of experience I still find myself needing to step away from the charts to get a clear understanding or needing to take a break. It's impossible to just stare at a screen all day without getting exhausted or not thinking clearly. It's vital you do this because you need to take the emotion out of trading. Where this strategy works the BEST VOLATILE markets. The more volatile the better. It lets you take advantage of quick dips and ride the waves back up. If you are in fast moving markets and have positions laddered down you can receive fills quickly and be able to scoop up lower prices and sell as it rebounds. The trick here is structuring your strategy accordingly and utilizing the appropriate time frames which I will get to later with examples. Emotions are controlled: There is nothing wrong with using a stop and at times it's very appropriate. However, sometimes I really don't want to think about what the market is doing every second of every day. I can structure a strategy and go about with my daily life. Let's say you are trading with a stop and the market starts taking a dip and blows through it. But you KNOW it's going to rebound but you don't know when? What do you do? Keep entering in your full trading balance and get stopped out a couple times? Step away from the keyboard and wait for a new trade? With a sound plan and structure, I don't have to worry about this "mini black swans" so to speak, I can take advantage of them. Example Exhibit 1: This was a fantastic trade. I was able to play this TWICE. The first was on this first long wick where I entered from 900 all the way down to 700 and was out in the 950 area. I was able to do this again with deeper martingales from 900 down to the 600 area. Notice that on the second time it spiked down it went as far as the 560 area, and I had been filled already at 600. Exhibit 2. A quick trade where I was filled above 700 and above 650 at these lows. Exit was on the rebound for a small profit. Exhibit 3. This trade was long time wise. My first entry points were at 600 down to 500. I was actually profitable when it went rebounded up to 580, but I did not get out for whatever reason at the time. I was then filled in my positions all the way down to 378 where my average buy became 460. This took time, but I knew it would rebound, which it did. My regret was getting out of this trade to soon. But, it's better to be wishing you were in the market, then be in the market wishing you were out. Continued in comments....
COINBASE:ETHUSDEducation
by Sherem
11
Blocknet (BLOCK) Short Term Retrace SignalsBlocknet (BLOCK), one of the coins that we started to trade back in early April, is gaining strength and moving up. But as we know, each time a top/peak is reached, there is a retrace in price, followed by consolidation before a coin continue its climb up. BLOCK has been doing good the past few days, but the time for the retrace has come. Here are a few signals that can tell you of a coming retrace: - TD Sequential indicator. - Large sticks on top of the candles. - Upper range of the bollinger bands. - Several resistance levels broken. - MACD starting to curve, already curving in shorter time frames, which can confirm these signals. These signals are "short" term, they will change in a few hours and new signals will develop. But these signals above can tell you of a coming retrace. I hope that this information was helpful. I wish to receive your likes, shares and follows. I appreciate your time, once more today. Thanks a lot for reading... You are SPECIAL! REMEMBER THAT ALWAYS YOU DESERVE THE BEST! Namaste.
Education
by AlanSantana
6
ETHUSD - 4h / 1h Charts: When it goes higher, let it go higher. In this short video, I explain how to read a chart and anticipate the next move. For that, you need to understand that my charts are giving levels where cycles are mature and where it can turn (does not mean that it will turn as I am not doing the market - unfortunately but even then that would not be fun ;-)). So, here I do not propose a trade setup or even a proper count but a discussion about all the possibilities that are on the table when I prepare a chart. Hope you enjoy!
BITSTAMP:ETHUSDEducation
by The_202_Quants